Yes — with 44.7 GB to spare

Llama 3.2 3B Instruct at Q4_K_M fits your M4 Max · 64 GB entirely in unified memory at 8K context, at an estimated 127 tokens per second. There is room for its full 128K window.

Fully in unified memory 8K context Q4_K_M · 1.8 GB Llama 3.2 Community Released Sep 2024

The 2024 "it just runs" model for 8 GB laptops. Qwen3.5 4B does the same job better now.

What hardware do I need for Llama 3.2 3B Instruct? →

The VRAM budget

weights 1.8 GB
Weights 1.8 GB KV cache @ 8K 0.88 GB Runtime overhead 0.6 GB Free 44.7 GB of 48.0 GB

Quantisation ladder

QuantWeightsTotal @ 8KMax contextTok/sQualityFit
F16 6.0 GB 7.5 GB 128K 38 Reference Long context
Q8_0 3.2 GB 4.7 GB 128K 72 −0.1% ppl Long context
Q6_K 2.5 GB 3.9 GB 128K 93 −0.4% ppl Long context
Q5_K_M 2.1 GB 3.6 GB 128K 108 −0.8% ppl Long context
Q4_K_M 1.8 GB 3.3 GB 128K 127 −1.9% ppl Recommended
Q3_K_M 1.5 GB 2.9 GB 128K 157 −5.4% ppl Long context
Q2_K 1.3 GB 2.7 GB 128K 183 −15% ppl Long context

Quality is the published perplexity delta against f16 weights. Max context assumes an f16 KV cache; q8_0 roughly doubles it.

How to run it

terminal
$ pip install mlx-lm
$ mlx_lm.generate --model mlx-community/Llama-3.2-3B-Instruct-4bit \
    --max-tokens 512 --prompt "Hello"

Apple's own array framework. The fastest path on Apple Silicon. More on MLX.

01Download is 1.8 GB. Keep it on an SSD — a first load off a spinning disk takes minutes.
02macOS caps what the GPU may wire down at about 48.0 GB of 64 GB. Raising it with iogpu.wired_limit_mb is possible, and risky.
03There is room to go to the model's full 128K context on this card.
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