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%12.7%
1 years$313,800$311,005$308,278$305,616$303,017$299,604
2 years$155,347$152,454$149,650$146,931$144,294$140,857
3 years$102,536$99,630$96,833$94,140$91,546$88,193
4 years$76,135$73,239$70,470$67,823$65,291$62,048
5 years$60,299$57,420$54,687$52,094$49,633$46,509
6 years$49,745$46,888$44,196$41,660$39,273$36,272
7 years$42,210$39,376$36,727$34,251$31,940$29,063
8 years$36,561$33,753$31,147$28,732$26,497$23,744
9 years$32,169$29,388$26,827$24,474$22,314$19,684
10 years$28,658$25,904$23,388$21,097$19,013$16,504
11 years$25,787$23,061$20,591$18,360$16,352$13,962
12 years$23,397$20,698$18,274$16,104$14,170$11,896
13 years$21,376$18,705$16,326$14,218$12,357$10,197
14 years$19,645$17,002$14,669$12,621$10,832$8,782
15 years$18,146$15,532$13,244$11,256$9,537$7,595
16 years$16,835$14,250$12,008$10,078$8,429$6,591
17 years$15,681$13,124$10,927$9,055$7,474$5,736
18 years$14,655$12,127$9,975$8,161$6,645$5,005
19 years$13,739$11,239$9,131$7,374$5,923$4,376
20 years$12,915$10,444$8,380$6,678$5,291$3,833
21 years$12,171$9,728$7,708$6,061$4,734$3,363
22 years$11,495$9,081$7,104$5,511$4,244$2,955
23 years$10,879$8,493$6,560$5,019$3,809$2,599
24 years$10,315$7,958$6,067$4,578$3,424$2,288
25 years$9,797$7,468$5,619$4,180$3,081$2,017
26 years$9,320$7,019$5,211$3,822$2,775$1,779
27 years$8,878$6,605$4,839$3,499$2,502$1,570
28 years$8,469$6,224$4,499$3,206$2,258$1,387
29 years$8,089$5,872$4,186$2,940$2,039$1,226
30 years$7,735$5,545$3,899$2,698$1,842$1,083
31 years$7,405$5,242$3,635$2,478$1,665$958
32 years$7,095$4,960$3,392$2,277$1,507$848
33 years$6,805$4,697$3,167$2,094$1,363$750
34 years$6,533$4,452$2,959$1,927$1,234$664
35 years$6,277$4,223$2,766$1,774$1,118$588
36 years$6,035$4,008$2,588$1,633$1,013$521
37 years$5,807$3,807$2,422$1,505$918$462
38 years$5,592$3,618$2,268$1,387$832$409
39 years$5,388$3,440$2,125$1,279$755$363
40 years$5,195$3,273$1,992$1,180$685$321
41 years$5,012$3,115$1,868$1,088$621$285
42 years$4,838$2,967$1,752$1,005$564$253
43 years$4,672$2,827$1,644$927$512$224
44 years$4,515$2,695$1,543$856$464$199
45 years$4,365$2,570$1,449$791$421$176
46 years$4,222$2,451$1,361$730$383$156
47 years$4,085$2,339$1,279$675$348$139
48 years$3,954$2,233$1,202$624$316$123
49 years$3,830$2,133$1,129$576$287$109
50 years$3,710$2,037$1,062$533$260$97

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 $5,824 every year, while hoping to spend $53,491 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: 36/46/18 Blend
55$3,800,000$3,800,000$3,800,000$3,800,000
56$4,193,607$3,992,207$3,933,307$4,321,409
57$4,564,441$4,130,912$4,008,159$4,553,489
58$4,971,308$4,274,619$4,083,726$4,798,421
59$5,417,825$4,423,520$4,159,975$5,061,719
60$5,907,980$4,577,809$4,236,870$5,345,053
61$6,446,162$4,737,690$4,314,374$5,650,256
62$7,037,210$4,903,376$4,392,445$5,979,343
63$7,686,451$5,075,087$4,471,037$6,334,525
64$8,399,755$5,253,053$4,550,103$6,718,232
65$9,183,589$5,437,511$4,629,591$7,133,135
66$10,045,076$5,628,710$4,709,443$7,582,171
67$10,992,065$5,826,908$4,789,601$8,068,565
68$12,033,202$6,032,373$4,869,999$8,595,866
69$13,178,014$6,245,384$4,950,568$9,167,975
70$14,436,995$6,466,232$5,031,236$9,789,182
71$15,821,709$6,695,218$5,111,923$10,464,206
72$17,344,896$6,932,656$5,192,545$11,198,237
73$19,020,594$7,178,875$5,273,014$11,996,986
74$20,864,268$7,434,213$5,353,233$12,866,735
75$22,892,960$7,699,026$5,433,103$13,814,397
76$25,125,444$7,973,681$5,512,515$14,847,578
77$27,582,411$8,258,562$5,591,355$15,974,650
78$30,286,654$8,554,070$5,669,503$17,204,827
79$33,263,292$8,860,618$5,746,831$18,548,251
80$36,540,000$9,178,640$5,823,201$20,016,083
81$40,147,273$9,508,587$5,898,472$21,620,615
82$44,118,715$9,850,927$5,972,490$23,375,374
83$48,491,351$10,206,150$6,045,096$25,295,256
84$53,305,980$10,574,762$6,116,118$27,396,660
85$58,607,559$10,957,295$6,185,377$29,697,645
86$64,445,627$11,354,299$6,252,684$32,218,094
87$70,874,771$11,766,350$6,317,839$34,979,903
88$77,955,142$12,194,046$6,380,631$38,007,186
89$85,753,022$12,638,009$6,440,837$41,326,498
90$94,341,449$13,098,890$6,498,224$44,967,083
91$103,800,906$13,577,366$6,552,544$48,961,154
92$114,220,082$14,074,140$6,603,538$53,344,185
93$125,696,706$14,589,948$6,650,932$58,155,253
94$138,338,470$15,125,556$6,694,438$63,437,396
95$152,264,045$15,681,760$6,733,754$69,238,024
96$167,604,204$16,259,392$6,768,560$75,609,358
97$184,503,049$16,859,319$6,798,524$82,608,923
98$203,119,378$17,482,443$6,823,292$90,300,088
99$223,628,179$18,129,707$6,842,496$98,752,660
100$246,222,282$18,802,091$6,855,749$108,043,540