Can I retire at age 57 with 3,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.6%
1 years$313,800$311,005$308,278$305,616$303,017$292,499
2 years$155,347$152,454$149,650$146,931$144,294$133,805
3 years$102,536$99,630$96,833$94,140$91,546$81,417
4 years$76,135$73,239$70,470$67,823$65,291$55,599
5 years$60,299$57,420$54,687$52,094$49,633$40,404
6 years$49,745$46,888$44,196$41,660$39,273$30,514
7 years$42,210$39,376$36,727$34,251$31,940$23,648
8 years$36,561$33,753$31,147$28,732$26,497$18,667
9 years$32,169$29,388$26,827$24,474$22,314$14,936
10 years$28,658$25,904$23,388$21,097$19,013$12,073
11 years$25,787$23,061$20,591$18,360$16,352$9,838
12 years$23,397$20,698$18,274$16,104$14,170$8,066
13 years$21,376$18,705$16,326$14,218$12,357$6,647
14 years$19,645$17,002$14,669$12,621$10,832$5,499
15 years$18,146$15,532$13,244$11,256$9,537$4,564
16 years$16,835$14,250$12,008$10,078$8,429$3,798
17 years$15,681$13,124$10,927$9,055$7,474$3,168
18 years$14,655$12,127$9,975$8,161$6,645$2,647
19 years$13,739$11,239$9,131$7,374$5,923$2,215
20 years$12,915$10,444$8,380$6,678$5,291$1,856
21 years$12,171$9,728$7,708$6,061$4,734$1,556
22 years$11,495$9,081$7,104$5,511$4,244$1,306
23 years$10,879$8,493$6,560$5,019$3,809$1,097
24 years$10,315$7,958$6,067$4,578$3,424$922
25 years$9,797$7,468$5,619$4,180$3,081$776
26 years$9,320$7,019$5,211$3,822$2,775$653
27 years$8,878$6,605$4,839$3,499$2,502$549
28 years$8,469$6,224$4,499$3,206$2,258$462
29 years$8,089$5,872$4,186$2,940$2,039$389
30 years$7,735$5,545$3,899$2,698$1,842$328
31 years$7,405$5,242$3,635$2,478$1,665$276
32 years$7,095$4,960$3,392$2,277$1,507$233
33 years$6,805$4,697$3,167$2,094$1,363$196
34 years$6,533$4,452$2,959$1,927$1,234$165
35 years$6,277$4,223$2,766$1,774$1,118$139
36 years$6,035$4,008$2,588$1,633$1,013$117
37 years$5,807$3,807$2,422$1,505$918$99
38 years$5,592$3,618$2,268$1,387$832$83
39 years$5,388$3,440$2,125$1,279$755$70
40 years$5,195$3,273$1,992$1,180$685$59
41 years$5,012$3,115$1,868$1,088$621$50
42 years$4,838$2,967$1,752$1,005$564$42
43 years$4,672$2,827$1,644$927$512$36
44 years$4,515$2,695$1,543$856$464$30
45 years$4,365$2,570$1,449$791$421$25
46 years$4,222$2,451$1,361$730$383$21
47 years$4,085$2,339$1,279$675$348$18
48 years$3,954$2,233$1,202$624$316$15
49 years$3,830$2,133$1,129$576$287$13
50 years$3,710$2,037$1,062$533$260$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $3,800,000, adding $5,803 every year, while hoping to spend $28,313 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: 53/17/30 Blend
56$3,800,000$3,800,000$3,800,000$3,800,000
57$4,193,586$3,992,186$3,933,286$4,380,314
58$4,591,207$4,157,678$4,034,926$4,676,190
59$5,028,436$4,330,331$4,139,022$4,994,691
60$5,509,284$4,510,464$4,245,627$5,340,782
61$6,038,169$4,698,415$4,354,793$5,717,120
62$6,619,958$4,894,533$4,466,575$6,126,627
63$7,260,016$5,099,188$4,581,028$6,572,519
64$7,964,252$5,312,762$4,698,206$7,058,333
65$8,739,176$5,535,658$4,818,167$7,587,961
66$9,591,964$5,768,297$4,940,967$8,165,687
67$10,530,520$6,011,119$5,066,665$8,796,223
68$11,563,555$6,264,586$5,195,320$9,484,758
69$12,700,664$6,529,178$5,326,991$10,237,001
70$13,952,425$6,805,400$5,461,737$11,059,238
71$15,330,488$7,093,780$5,599,621$11,958,387
72$16,847,693$7,394,871$5,740,704$12,942,065
73$18,518,189$7,709,251$5,885,049$14,018,658
74$20,357,564$8,037,524$6,032,717$15,197,399
75$22,382,997$8,380,323$6,183,775$16,488,453
76$24,613,416$8,738,313$6,338,284$17,903,014
77$27,069,679$9,112,185$6,496,312$19,453,408
78$29,774,771$9,502,666$6,657,923$21,153,210
79$32,754,017$9,910,517$6,823,183$23,017,367
80$36,035,327$10,336,532$6,992,160$25,062,343
81$39,649,452$10,781,545$7,164,919$27,306,269
82$43,630,282$11,246,426$7,341,530$29,769,113
83$48,015,160$11,732,089$7,522,060$32,472,871
84$52,845,234$12,239,490$7,706,577$35,441,767
85$58,165,850$12,769,627$7,895,149$38,702,487
86$64,026,977$13,323,549$8,087,847$42,284,422
87$70,483,677$13,902,352$8,284,739$46,219,951
88$77,596,629$14,507,183$8,485,894$50,544,738
89$85,432,695$15,139,245$8,691,381$55,298,072
90$94,065,558$15,799,796$8,901,271$60,523,234
91$103,576,413$16,490,155$9,115,631$66,267,903
92$114,054,735$17,211,700$9,334,532$72,584,607
93$125,599,121$17,965,877$9,558,043$79,531,210
94$138,318,226$18,754,198$9,786,231$87,171,465
95$152,331,780$19,578,250$10,019,166$95,575,606
96$167,771,728$20,439,690$10,256,914$104,821,013
97$184,783,467$21,340,258$10,499,543$114,992,938
98$203,527,222$22,281,772$10,747,119$126,185,307
99$224,179,560$23,266,140$10,999,709$138,501,607
100$246,935,051$24,295,357$11,257,375$152,055,854