Can I retire at age 65 with 3,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$280,769$278,268$275,828$273,446$271,121$268,178
2 years$138,994$136,406$133,897$131,465$129,105$126,142
3 years$91,743$89,143$86,640$84,231$81,910$79,018
4 years$68,121$65,529$63,052$60,683$58,419$55,621
5 years$53,952$51,376$48,931$46,611$44,409$41,714
6 years$44,509$41,952$39,543$37,275$35,139$32,550
7 years$37,767$35,231$32,861$30,646$28,578$26,094
8 years$32,712$30,200$27,869$25,708$23,708$21,331
9 years$28,783$26,294$24,003$21,897$19,965$17,694
10 years$25,642$23,177$20,926$18,876$17,012$14,844
11 years$23,073$20,633$18,423$16,428$14,631$12,566
12 years$20,934$18,519$16,350$14,409$12,679$10,714
13 years$19,126$16,736$14,608$12,721$11,056$9,189
14 years$17,577$15,213$13,125$11,292$9,692$7,920
15 years$16,236$13,897$11,850$10,071$8,533$6,854
16 years$15,063$12,750$10,744$9,017$7,542$5,952
17 years$14,030$11,742$9,777$8,102$6,687$5,183
18 years$13,112$10,851$8,925$7,302$5,946$4,526
19 years$12,293$10,056$8,170$6,598$5,300$3,960
20 years$11,556$9,345$7,498$5,975$4,734$3,471
21 years$10,890$8,704$6,897$5,423$4,236$3,048
22 years$10,285$8,125$6,357$4,931$3,797$2,680
23 years$9,734$7,599$5,869$4,491$3,408$2,359
24 years$9,229$7,120$5,428$4,096$3,064$2,079
25 years$8,766$6,682$5,027$3,740$2,757$1,834
26 years$8,339$6,280$4,663$3,420$2,483$1,619
27 years$7,944$5,910$4,330$3,130$2,239$1,430
28 years$7,578$5,569$4,025$2,868$2,020$1,264
29 years$7,238$5,254$3,746$2,630$1,824$1,118
30 years$6,921$4,962$3,489$2,414$1,648$989
31 years$6,625$4,690$3,253$2,217$1,490$875
32 years$6,348$4,438$3,035$2,037$1,348$775
33 years$6,089$4,203$2,834$1,874$1,220$687
34 years$5,845$3,983$2,648$1,724$1,104$608
35 years$5,616$3,778$2,475$1,587$1,000$539
36 years$5,400$3,586$2,316$1,461$906$478
37 years$5,196$3,406$2,167$1,347$821$424
38 years$5,003$3,237$2,030$1,241$745$376
39 years$4,821$3,078$1,901$1,144$675$333
40 years$4,648$2,928$1,782$1,056$613$296
41 years$4,484$2,788$1,671$974$556$262
42 years$4,329$2,655$1,568$899$504$233
43 years$4,181$2,529$1,471$830$458$207
44 years$4,040$2,411$1,381$766$415$183
45 years$3,905$2,299$1,297$707$377$163
46 years$3,777$2,193$1,218$654$342$145
47 years$3,655$2,093$1,144$604$311$128
48 years$3,538$1,998$1,075$558$282$114
49 years$3,426$1,908$1,011$516$256$101
50 years$3,320$1,823$950$477$233$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $3,400,000, adding $2,750 every year, while hoping to spend $23,337 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 55/15/30 Blend
64$3,400,000$3,400,000$3,400,000$3,400,000
65$3,749,637$3,569,437$3,516,737$3,924,461
66$4,107,269$3,719,509$3,609,717$4,195,698
67$4,500,598$3,876,152$3,705,030$4,488,352
68$4,933,240$4,039,664$3,802,729$4,806,656
69$5,409,179$4,210,356$3,902,869$5,153,090
70$5,932,805$4,388,554$4,005,505$5,530,385
71$6,508,956$4,574,597$4,110,694$5,941,543
72$7,142,960$4,768,844$4,218,494$6,389,868
73$7,840,691$4,971,666$4,328,962$6,878,997
74$8,608,619$5,183,455$4,442,160$7,412,931
75$9,453,873$5,404,619$4,558,147$7,996,075
76$10,384,309$5,635,586$4,676,986$8,633,277
77$11,408,583$5,876,805$4,798,739$9,329,873
78$12,536,232$6,128,742$4,923,471$10,091,738
79$13,777,767$6,391,890$5,051,246$10,925,339
80$15,144,768$6,666,761$5,182,132$11,837,796
81$16,649,996$6,953,894$5,316,195$12,836,950
82$18,307,512$7,253,850$5,453,503$13,931,432
83$20,132,809$7,567,220$5,594,127$15,130,749
84$22,142,962$7,894,620$5,738,136$16,445,366
85$24,356,783$8,236,696$5,885,603$17,886,811
86$26,795,004$8,594,123$6,036,599$19,467,778
87$29,480,469$8,967,610$6,191,200$21,202,248
88$32,438,351$9,357,897$6,349,480$23,105,617
89$35,696,390$9,765,761$6,511,515$25,194,844
90$39,285,153$10,192,014$6,677,381$27,488,608
91$43,238,323$10,637,507$6,847,158$30,007,483
92$47,593,018$11,103,131$7,020,924$32,774,131
93$52,390,140$11,589,819$7,198,759$35,813,513
94$57,674,761$12,098,547$7,380,745$39,153,128
95$63,496,550$12,630,339$7,566,963$42,823,266
96$69,910,239$13,186,267$7,757,497$46,857,294
97$76,976,141$13,767,451$7,952,430$51,291,972
98$84,760,719$14,375,068$8,151,848$56,167,793
99$93,337,214$15,010,348$8,355,837$61,529,369
100$102,786,334$15,674,580$8,564,482$67,425,849