Can I retire at age 56 with 3,800,000?

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 $3,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$313,800$311,005$308,278$305,616$303,017$292,150
2 years$155,347$152,454$149,650$146,931$144,294$133,463
3 years$102,536$99,630$96,833$94,140$91,546$81,091
4 years$76,135$73,239$70,470$67,823$65,291$55,293
5 years$60,299$57,420$54,687$52,094$49,633$40,118
6 years$49,745$46,888$44,196$41,660$39,273$30,248
7 years$42,210$39,376$36,727$34,251$31,940$23,402
8 years$36,561$33,753$31,147$28,732$26,497$18,440
9 years$32,169$29,388$26,827$24,474$22,314$14,727
10 years$28,658$25,904$23,388$21,097$19,013$11,882
11 years$25,787$23,061$20,591$18,360$16,352$9,663
12 years$23,397$20,698$18,274$16,104$14,170$7,907
13 years$21,376$18,705$16,326$14,218$12,357$6,502
14 years$19,645$17,002$14,669$12,621$10,832$5,368
15 years$18,146$15,532$13,244$11,256$9,537$4,446
16 years$16,835$14,250$12,008$10,078$8,429$3,692
17 years$15,681$13,124$10,927$9,055$7,474$3,073
18 years$14,655$12,127$9,975$8,161$6,645$2,561
19 years$13,739$11,239$9,131$7,374$5,923$2,139
20 years$12,915$10,444$8,380$6,678$5,291$1,788
21 years$12,171$9,728$7,708$6,061$4,734$1,496
22 years$11,495$9,081$7,104$5,511$4,244$1,253
23 years$10,879$8,493$6,560$5,019$3,809$1,050
24 years$10,315$7,958$6,067$4,578$3,424$880
25 years$9,797$7,468$5,619$4,180$3,081$738
26 years$9,320$7,019$5,211$3,822$2,775$620
27 years$8,878$6,605$4,839$3,499$2,502$520
28 years$8,469$6,224$4,499$3,206$2,258$437
29 years$8,089$5,872$4,186$2,940$2,039$367
30 years$7,735$5,545$3,899$2,698$1,842$308
31 years$7,405$5,242$3,635$2,478$1,665$259
32 years$7,095$4,960$3,392$2,277$1,507$218
33 years$6,805$4,697$3,167$2,094$1,363$183
34 years$6,533$4,452$2,959$1,927$1,234$154
35 years$6,277$4,223$2,766$1,774$1,118$129
36 years$6,035$4,008$2,588$1,633$1,013$109
37 years$5,807$3,807$2,422$1,505$918$91
38 years$5,592$3,618$2,268$1,387$832$77
39 years$5,388$3,440$2,125$1,279$755$65
40 years$5,195$3,273$1,992$1,180$685$54
41 years$5,012$3,115$1,868$1,088$621$46
42 years$4,838$2,967$1,752$1,005$564$38
43 years$4,672$2,827$1,644$927$512$32
44 years$4,515$2,695$1,543$856$464$27
45 years$4,365$2,570$1,449$791$421$23
46 years$4,222$2,451$1,361$730$383$19
47 years$4,085$2,339$1,279$675$348$16
48 years$3,954$2,233$1,202$624$316$14
49 years$3,830$2,133$1,129$576$287$11
50 years$3,710$2,037$1,062$533$260$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $3,800,000, adding $5,233 every year, while hoping to spend $41,535 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: 56/23/21 Blend
55$3,800,000$3,800,000$3,800,000$3,800,000
56$4,192,998$3,991,598$3,932,698$4,403,762
57$4,576,491$4,142,993$4,020,250$4,699,692
58$4,997,708$4,300,415$4,109,344$5,017,056
59$5,460,453$4,464,114$4,199,986$5,361,902
60$5,968,917$4,634,354$4,292,183$5,736,881
61$6,527,717$4,811,407$4,385,941$6,144,909
62$7,141,938$4,995,560$4,481,265$6,589,195
63$7,817,184$5,187,111$4,578,156$7,073,270
64$8,559,629$5,386,372$4,676,616$7,601,019
65$9,376,073$5,593,666$4,776,644$8,176,717
66$10,274,011$5,809,334$4,878,240$8,805,071
67$11,261,698$6,033,729$4,981,399$9,491,260
68$12,348,230$6,267,221$5,086,115$10,240,986
69$13,543,631$6,510,196$5,192,382$11,060,526
70$14,858,944$6,763,058$5,300,188$11,956,789
71$16,306,334$7,026,226$5,409,523$12,937,384
72$17,899,210$7,300,141$5,520,371$14,010,687
73$19,652,342$7,585,260$5,632,717$15,185,920
74$21,582,007$7,882,064$5,746,539$16,473,241
75$23,706,139$8,191,053$5,861,816$17,883,832
76$26,044,501$8,512,750$5,978,521$19,430,010
77$28,618,865$8,847,700$6,096,627$21,125,338
78$31,453,226$9,196,474$6,216,101$22,984,753
79$34,574,022$9,559,668$6,336,907$25,024,707
80$38,010,385$9,937,905$6,459,007$27,263,320
81$41,794,416$10,331,834$6,582,355$29,720,550
82$45,961,488$10,742,135$6,706,906$32,418,380
83$50,550,579$11,169,519$6,832,606$35,381,023
84$55,604,639$11,614,726$6,959,399$38,635,154
85$61,170,997$12,078,532$7,087,224$42,210,152
86$67,301,806$12,561,748$7,216,013$46,138,384
87$74,054,535$13,065,219$7,345,695$50,455,505
88$81,492,514$13,589,830$7,476,191$55,200,792
89$89,685,525$14,136,507$7,607,418$60,417,515
90$98,710,468$14,706,215$7,739,286$66,153,344
91$108,652,081$15,299,964$7,871,697$72,460,796
92$119,603,742$15,918,812$8,004,549$79,397,730
93$131,668,352$16,563,861$8,137,729$87,027,888
94$144,959,299$17,236,267$8,271,119$95,421,500
95$159,601,538$17,937,234$8,404,591$104,655,940
96$175,732,762$18,668,025$8,538,012$114,816,457
97$193,504,704$19,429,959$8,671,236$125,996,976
98$213,084,571$20,224,414$8,804,109$138,300,983
99$234,656,620$21,052,833$8,936,470$151,842,500
100$258,423,897$21,916,723$9,068,143$166,747,156