Can I retire at age 59 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%15.1%
1 years$313,800$311,005$308,278$305,616$303,017$296,657
2 years$155,347$152,454$149,650$146,931$144,294$137,916
3 years$102,536$99,630$96,833$94,140$91,546$85,349
4 years$76,135$73,239$70,470$67,823$65,291$59,324
5 years$60,299$57,420$54,687$52,094$49,633$43,912
6 years$49,745$46,888$44,196$41,660$39,273$33,804
7 years$42,210$39,376$36,727$34,251$31,940$26,723
8 years$36,561$33,753$31,147$28,732$26,497$21,532
9 years$32,169$29,388$26,827$24,474$22,314$17,598
10 years$28,658$25,904$23,388$21,097$19,013$14,540
11 years$25,787$23,061$20,591$18,360$16,352$12,116
12 years$23,397$20,698$18,274$16,104$14,170$10,166
13 years$21,376$18,705$16,326$14,218$12,357$8,577
14 years$19,645$17,002$14,669$12,621$10,832$7,269
15 years$18,146$15,532$13,244$11,256$9,537$6,184
16 years$16,835$14,250$12,008$10,078$8,429$5,277
17 years$15,681$13,124$10,927$9,055$7,474$4,515
18 years$14,655$12,127$9,975$8,161$6,645$3,871
19 years$13,739$11,239$9,131$7,374$5,923$3,326
20 years$12,915$10,444$8,380$6,678$5,291$2,862
21 years$12,171$9,728$7,708$6,061$4,734$2,466
22 years$11,495$9,081$7,104$5,511$4,244$2,127
23 years$10,879$8,493$6,560$5,019$3,809$1,836
24 years$10,315$7,958$6,067$4,578$3,424$1,587
25 years$9,797$7,468$5,619$4,180$3,081$1,372
26 years$9,320$7,019$5,211$3,822$2,775$1,188
27 years$8,878$6,605$4,839$3,499$2,502$1,028
28 years$8,469$6,224$4,499$3,206$2,258$891
29 years$8,089$5,872$4,186$2,940$2,039$772
30 years$7,735$5,545$3,899$2,698$1,842$669
31 years$7,405$5,242$3,635$2,478$1,665$580
32 years$7,095$4,960$3,392$2,277$1,507$503
33 years$6,805$4,697$3,167$2,094$1,363$436
34 years$6,533$4,452$2,959$1,927$1,234$379
35 years$6,277$4,223$2,766$1,774$1,118$329
36 years$6,035$4,008$2,588$1,633$1,013$285
37 years$5,807$3,807$2,422$1,505$918$248
38 years$5,592$3,618$2,268$1,387$832$215
39 years$5,388$3,440$2,125$1,279$755$187
40 years$5,195$3,273$1,992$1,180$685$162
41 years$5,012$3,115$1,868$1,088$621$141
42 years$4,838$2,967$1,752$1,005$564$122
43 years$4,672$2,827$1,644$927$512$106
44 years$4,515$2,695$1,543$856$464$92
45 years$4,365$2,570$1,449$791$421$80
46 years$4,222$2,451$1,361$730$383$70
47 years$4,085$2,339$1,279$675$348$60
48 years$3,954$2,233$1,202$624$316$52
49 years$3,830$2,133$1,129$576$287$46
50 years$3,710$2,037$1,062$533$260$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $3,800,000, adding $5,488 every year, while hoping to spend $52,030 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: 51/43/6 Blend
58$3,800,000$3,800,000$3,800,000$3,800,000
59$4,193,261$3,991,861$3,932,961$4,400,763
60$4,565,614$4,132,103$4,009,356$4,682,611
61$4,974,203$4,277,472$4,086,566$4,982,737
62$5,422,670$4,428,166$4,164,563$5,307,730
63$5,915,025$4,584,389$4,243,319$5,659,934
64$6,455,686$4,746,353$4,322,799$6,041,925
65$7,049,520$4,914,278$4,402,967$6,456,538
66$7,701,889$5,088,396$4,483,784$6,906,886
67$8,418,700$5,268,945$4,565,209$7,396,395
68$9,206,458$5,456,175$4,647,194$7,928,831
69$10,072,333$5,650,343$4,729,691$8,508,337
70$11,024,222$5,851,721$4,812,647$9,139,470
71$12,070,826$6,060,588$4,896,004$9,827,244
72$13,221,730$6,277,237$4,979,700$10,577,173
73$14,487,496$6,501,972$5,063,670$11,395,327
74$15,879,761$6,735,109$5,147,843$12,288,385
75$17,411,345$6,976,977$5,232,144$13,263,695
76$19,096,374$7,227,921$5,316,492$14,329,347
77$20,950,411$7,488,296$5,400,802$15,494,243
78$22,990,606$7,758,475$5,484,982$16,768,185
79$25,235,853$8,038,846$5,568,934$18,161,960
80$27,706,972$8,329,811$5,652,555$19,687,446
81$30,426,902$8,631,791$5,735,735$21,357,716
82$33,420,921$8,945,223$5,818,356$23,187,169
83$36,716,879$9,270,563$5,900,296$25,191,655
84$40,345,466$9,608,287$5,981,421$27,388,628
85$44,340,499$9,958,887$6,061,594$29,797,309
86$48,739,238$10,322,881$6,140,665$32,438,863
87$53,582,743$10,700,805$6,218,480$35,336,598
88$58,916,256$11,093,219$6,294,873$38,516,185
89$64,789,633$11,500,704$6,369,670$42,005,895
90$71,257,807$11,923,871$6,442,685$45,836,866
91$78,381,313$12,363,350$6,513,725$50,043,392
92$86,226,856$12,819,804$6,582,584$54,663,249
93$94,867,940$13,293,919$6,649,045$59,738,044
94$104,385,562$13,786,412$6,712,880$65,313,610
95$114,868,976$14,298,033$6,773,848$71,440,432
96$126,416,534$14,829,559$6,831,695$78,174,121
97$139,136,617$15,381,805$6,886,154$85,575,940
98$153,148,656$15,955,617$6,936,943$93,713,378
99$168,584,255$16,551,878$6,983,767$102,660,778
100$185,588,441$17,171,512$7,026,315$112,500,046