Can I retire at age 57 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%18.1%
1 years$313,800$311,005$308,278$305,616$303,017$293,083
2 years$155,347$152,454$149,650$146,931$144,294$134,380
3 years$102,536$99,630$96,833$94,140$91,546$81,964
4 years$76,135$73,239$70,470$67,823$65,291$56,114
5 years$60,299$57,420$54,687$52,094$49,633$40,886
6 years$49,745$46,888$44,196$41,660$39,273$30,962
7 years$42,210$39,376$36,727$34,251$31,940$24,064
8 years$36,561$33,753$31,147$28,732$26,497$19,052
9 years$32,169$29,388$26,827$24,474$22,314$15,290
10 years$28,658$25,904$23,388$21,097$19,013$12,399
11 years$25,787$23,061$20,591$18,360$16,352$10,136
12 years$23,397$20,698$18,274$16,104$14,170$8,338
13 years$21,376$18,705$16,326$14,218$12,357$6,894
14 years$19,645$17,002$14,669$12,621$10,832$5,724
15 years$18,146$15,532$13,244$11,256$9,537$4,768
16 years$16,835$14,250$12,008$10,078$8,429$3,982
17 years$15,681$13,124$10,927$9,055$7,474$3,333
18 years$14,655$12,127$9,975$8,161$6,645$2,796
19 years$13,739$11,239$9,131$7,374$5,923$2,348
20 years$12,915$10,444$8,380$6,678$5,291$1,975
21 years$12,171$9,728$7,708$6,061$4,734$1,663
22 years$11,495$9,081$7,104$5,511$4,244$1,401
23 years$10,879$8,493$6,560$5,019$3,809$1,182
24 years$10,315$7,958$6,067$4,578$3,424$997
25 years$9,797$7,468$5,619$4,180$3,081$842
26 years$9,320$7,019$5,211$3,822$2,775$711
27 years$8,878$6,605$4,839$3,499$2,502$601
28 years$8,469$6,224$4,499$3,206$2,258$508
29 years$8,089$5,872$4,186$2,940$2,039$429
30 years$7,735$5,545$3,899$2,698$1,842$363
31 years$7,405$5,242$3,635$2,478$1,665$307
32 years$7,095$4,960$3,392$2,277$1,507$260
33 years$6,805$4,697$3,167$2,094$1,363$220
34 years$6,533$4,452$2,959$1,927$1,234$186
35 years$6,277$4,223$2,766$1,774$1,118$157
36 years$6,035$4,008$2,588$1,633$1,013$133
37 years$5,807$3,807$2,422$1,505$918$113
38 years$5,592$3,618$2,268$1,387$832$95
39 years$5,388$3,440$2,125$1,279$755$81
40 years$5,195$3,273$1,992$1,180$685$68
41 years$5,012$3,115$1,868$1,088$621$58
42 years$4,838$2,967$1,752$1,005$564$49
43 years$4,672$2,827$1,644$927$512$42
44 years$4,515$2,695$1,543$856$464$35
45 years$4,365$2,570$1,449$791$421$30
46 years$4,222$2,451$1,361$730$383$25
47 years$4,085$2,339$1,279$675$348$21
48 years$3,954$2,233$1,202$624$316$18
49 years$3,830$2,133$1,129$576$287$15
50 years$3,710$2,037$1,062$533$260$13

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 $2,315 every year, while hoping to spend $40,092 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: 53/38/9 Blend
56$3,800,000$3,800,000$3,800,000$3,800,000
57$4,189,988$3,988,588$3,929,688$4,402,474
58$4,574,709$4,141,371$4,018,675$4,699,764
59$4,997,328$4,300,297$4,109,299$5,018,481
60$5,461,668$4,465,624$4,201,573$5,364,274
61$5,971,941$4,637,623$4,295,509$5,739,712
62$6,532,788$4,816,575$4,391,117$6,147,618
63$7,149,319$5,002,774$4,488,406$6,591,097
64$7,827,168$5,196,528$4,587,386$7,073,560
65$8,572,538$5,398,157$4,688,063$7,598,762
66$9,392,267$5,607,996$4,790,443$8,170,828
67$10,293,886$5,826,396$4,894,530$8,794,298
68$11,285,694$6,053,721$5,000,328$9,474,165
69$12,376,833$6,290,352$5,107,839$10,215,921
70$13,577,379$6,536,689$5,217,060$11,025,609
71$14,898,432$6,793,146$5,327,991$11,909,877
72$16,352,220$7,060,159$5,440,627$12,876,043
73$17,952,221$7,338,181$5,554,963$13,932,156
74$19,713,282$7,627,686$5,670,989$15,087,078
75$21,651,764$7,929,170$5,788,694$16,350,561
76$23,785,695$8,243,150$5,908,066$17,733,339
77$26,134,939$8,570,167$6,029,089$19,247,229
78$28,721,383$8,910,786$6,151,744$20,905,237
79$31,569,145$9,265,596$6,276,009$22,721,683
80$34,704,803$9,635,215$6,401,860$24,712,334
81$38,157,639$10,020,286$6,529,268$26,894,546
82$41,959,922$10,421,484$6,658,203$29,287,434
83$46,147,209$10,839,512$6,788,628$31,912,041
84$50,758,682$11,275,106$6,920,504$34,791,541
85$55,837,516$11,729,034$7,053,789$37,951,455
86$61,431,286$12,202,100$7,188,435$41,419,885
87$67,592,418$12,695,145$7,324,389$45,227,782
88$74,378,683$13,209,045$7,461,594$49,409,231
89$81,853,740$13,744,720$7,599,989$54,001,774
90$90,087,739$14,303,128$7,739,505$59,046,759
91$99,157,980$14,885,273$7,880,071$64,589,728
92$109,149,646$15,492,204$8,021,605$70,680,843
93$120,156,605$16,125,017$8,164,024$77,375,359
94$132,282,296$16,784,860$8,307,236$84,734,138
95$145,640,703$17,472,931$8,451,141$92,824,224
96$160,357,434$18,190,484$8,595,634$101,719,470
97$176,570,906$18,938,831$8,740,601$111,501,230
98$194,433,647$19,719,342$8,885,920$122,259,128
99$214,113,742$20,533,453$9,031,462$134,091,895
100$235,796,415$21,382,663$9,177,086$147,108,297