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%11.7%
1 years$313,800$311,005$308,278$305,616$303,017$300,856
2 years$155,347$152,454$149,650$146,931$144,294$142,114
3 years$102,536$99,630$96,833$94,140$91,546$89,416
4 years$76,135$73,239$70,470$67,823$65,291$63,227
5 years$60,299$57,420$54,687$52,094$49,633$47,641
6 years$49,745$46,888$44,196$41,660$39,273$37,355
7 years$42,210$39,376$36,727$34,251$31,940$30,097
8 years$36,561$33,753$31,147$28,732$26,497$24,730
9 years$32,169$29,388$26,827$24,474$22,314$20,622
10 years$28,658$25,904$23,388$21,097$19,013$17,394
11 years$25,787$23,061$20,591$18,360$16,352$14,806
12 years$23,397$20,698$18,274$16,104$14,170$12,696
13 years$21,376$18,705$16,326$14,218$12,357$10,952
14 years$19,645$17,002$14,669$12,621$10,832$9,496
15 years$18,146$15,532$13,244$11,256$9,537$8,267
16 years$16,835$14,250$12,008$10,078$8,429$7,224
17 years$15,681$13,124$10,927$9,055$7,474$6,331
18 years$14,655$12,127$9,975$8,161$6,645$5,563
19 years$13,739$11,239$9,131$7,374$5,923$4,899
20 years$12,915$10,444$8,380$6,678$5,291$4,323
21 years$12,171$9,728$7,708$6,061$4,734$3,821
22 years$11,495$9,081$7,104$5,511$4,244$3,382
23 years$10,879$8,493$6,560$5,019$3,809$2,998
24 years$10,315$7,958$6,067$4,578$3,424$2,660
25 years$9,797$7,468$5,619$4,180$3,081$2,363
26 years$9,320$7,019$5,211$3,822$2,775$2,101
27 years$8,878$6,605$4,839$3,499$2,502$1,869
28 years$8,469$6,224$4,499$3,206$2,258$1,664
29 years$8,089$5,872$4,186$2,940$2,039$1,482
30 years$7,735$5,545$3,899$2,698$1,842$1,321
31 years$7,405$5,242$3,635$2,478$1,665$1,178
32 years$7,095$4,960$3,392$2,277$1,507$1,051
33 years$6,805$4,697$3,167$2,094$1,363$938
34 years$6,533$4,452$2,959$1,927$1,234$837
35 years$6,277$4,223$2,766$1,774$1,118$748
36 years$6,035$4,008$2,588$1,633$1,013$668
37 years$5,807$3,807$2,422$1,505$918$597
38 years$5,592$3,618$2,268$1,387$832$533
39 years$5,388$3,440$2,125$1,279$755$477
40 years$5,195$3,273$1,992$1,180$685$426
41 years$5,012$3,115$1,868$1,088$621$381
42 years$4,838$2,967$1,752$1,005$564$341
43 years$4,672$2,827$1,644$927$512$305
44 years$4,515$2,695$1,543$856$464$273
45 years$4,365$2,570$1,449$791$421$244
46 years$4,222$2,451$1,361$730$383$218
47 years$4,085$2,339$1,279$675$348$195
48 years$3,954$2,233$1,202$624$316$175
49 years$3,830$2,133$1,129$576$287$156
50 years$3,710$2,037$1,062$533$260$140

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 $4,969 every year, while hoping to spend $55,431 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: 73/8/19 Blend
56$3,800,000$3,800,000$3,800,000$3,800,000
57$4,192,726$3,991,326$3,932,426$4,479,588
58$4,561,405$4,127,922$4,005,184$4,807,359
59$4,965,833$4,269,355$4,078,521$5,159,132
60$5,409,595$4,415,801$4,152,399$5,543,081
61$5,896,645$4,567,446$4,226,776$5,962,391
62$6,431,335$4,724,483$4,301,605$6,420,573
63$7,018,460$4,887,111$4,376,838$6,921,491
64$7,663,302$5,055,539$4,452,421$7,469,401
65$8,371,681$5,229,982$4,528,299$8,068,992
66$9,150,006$5,410,665$4,604,410$8,725,427
67$10,005,339$5,597,820$4,680,690$9,444,395
68$10,945,459$5,791,689$4,757,070$10,232,160
69$11,978,939$5,992,525$4,833,475$11,095,626
70$13,115,221$6,200,589$4,909,826$12,042,394
71$14,364,708$6,416,152$4,986,040$13,080,840
72$15,738,862$6,639,497$5,062,026$14,220,192
73$17,250,313$6,870,919$5,137,690$15,470,615
74$18,912,972$7,110,722$5,212,930$16,843,308
75$20,742,172$7,359,224$5,287,640$18,350,609
76$22,754,802$7,616,754$5,361,705$20,006,112
77$24,969,474$7,883,657$5,435,004$21,824,794
78$27,406,693$8,160,290$5,507,410$23,823,156
79$30,089,055$8,447,022$5,578,786$26,019,380
80$33,041,454$8,744,242$5,648,991$28,433,497
81$36,291,321$9,052,349$5,717,872$31,087,579
82$39,868,884$9,371,762$5,785,269$34,005,947
83$43,807,448$9,702,916$5,851,013$37,215,395
84$48,143,711$10,046,263$5,914,925$40,745,451
85$52,918,112$10,402,272$5,976,818$44,628,648
86$58,175,210$10,771,434$6,036,491$48,900,835
87$63,964,105$11,154,257$6,093,737$53,601,512
88$70,338,900$11,551,272$6,148,333$58,774,205
89$77,359,213$11,963,030$6,200,048$64,466,875
90$85,090,740$12,390,105$6,248,636$70,732,372
91$93,605,870$12,833,095$6,293,840$77,628,930
92$102,984,373$13,292,621$6,335,389$85,220,721
93$113,314,151$13,769,331$6,372,996$93,578,456
94$124,692,065$14,263,900$6,406,362$102,780,056
95$137,224,853$14,777,028$6,435,172$112,911,382
96$151,030,132$15,309,446$6,459,095$124,067,051
97$166,237,513$15,861,916$6,477,782$136,351,325
98$182,989,819$16,435,230$6,490,867$149,879,094
99$201,444,436$17,030,212$6,497,967$164,776,966
100$221,774,799$17,647,723$6,498,680$181,184,452