Can I retire at age 60 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%11.8%
1 years$313,800$311,005$308,278$305,616$303,017$300,730
2 years$155,347$152,454$149,650$146,931$144,294$141,988
3 years$102,536$99,630$96,833$94,140$91,546$89,292
4 years$76,135$73,239$70,470$67,823$65,291$63,108
5 years$60,299$57,420$54,687$52,094$49,633$47,526
6 years$49,745$46,888$44,196$41,660$39,273$37,245
7 years$42,210$39,376$36,727$34,251$31,940$29,992
8 years$36,561$33,753$31,147$28,732$26,497$24,629
9 years$32,169$29,388$26,827$24,474$22,314$20,526
10 years$28,658$25,904$23,388$21,097$19,013$17,303
11 years$25,787$23,061$20,591$18,360$16,352$14,719
12 years$23,397$20,698$18,274$16,104$14,170$12,614
13 years$21,376$18,705$16,326$14,218$12,357$10,874
14 years$19,645$17,002$14,669$12,621$10,832$9,422
15 years$18,146$15,532$13,244$11,256$9,537$8,198
16 years$16,835$14,250$12,008$10,078$8,429$7,158
17 years$15,681$13,124$10,927$9,055$7,474$6,269
18 years$14,655$12,127$9,975$8,161$6,645$5,505
19 years$13,739$11,239$9,131$7,374$5,923$4,844
20 years$12,915$10,444$8,380$6,678$5,291$4,272
21 years$12,171$9,728$7,708$6,061$4,734$3,773
22 years$11,495$9,081$7,104$5,511$4,244$3,337
23 years$10,879$8,493$6,560$5,019$3,809$2,956
24 years$10,315$7,958$6,067$4,578$3,424$2,621
25 years$9,797$7,468$5,619$4,180$3,081$2,326
26 years$9,320$7,019$5,211$3,822$2,775$2,066
27 years$8,878$6,605$4,839$3,499$2,502$1,837
28 years$8,469$6,224$4,499$3,206$2,258$1,634
29 years$8,089$5,872$4,186$2,940$2,039$1,454
30 years$7,735$5,545$3,899$2,698$1,842$1,295
31 years$7,405$5,242$3,635$2,478$1,665$1,154
32 years$7,095$4,960$3,392$2,277$1,507$1,029
33 years$6,805$4,697$3,167$2,094$1,363$917
34 years$6,533$4,452$2,959$1,927$1,234$818
35 years$6,277$4,223$2,766$1,774$1,118$730
36 years$6,035$4,008$2,588$1,633$1,013$652
37 years$5,807$3,807$2,422$1,505$918$582
38 years$5,592$3,618$2,268$1,387$832$519
39 years$5,388$3,440$2,125$1,279$755$464
40 years$5,195$3,273$1,992$1,180$685$414
41 years$5,012$3,115$1,868$1,088$621$370
42 years$4,838$2,967$1,752$1,005$564$331
43 years$4,672$2,827$1,644$927$512$296
44 years$4,515$2,695$1,543$856$464$264
45 years$4,365$2,570$1,449$791$421$236
46 years$4,222$2,451$1,361$730$383$211
47 years$4,085$2,339$1,279$675$348$189
48 years$3,954$2,233$1,202$624$316$169
49 years$3,830$2,133$1,129$576$287$151
50 years$3,710$2,037$1,062$533$260$135

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $3,800,000, adding $4,418 every year, while hoping to spend $36,465 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: 68/11/21 Blend
59$3,800,000$3,800,000$3,800,000$3,800,000
60$4,192,157$3,990,757$3,931,857$4,454,906
61$4,580,959$4,147,506$4,024,776$4,788,058
62$5,008,196$4,310,713$4,119,585$5,147,722
63$5,477,751$4,480,657$4,216,310$5,540,293
64$5,993,900$4,657,627$4,314,975$5,969,015
65$6,561,354$4,841,928$4,415,604$6,437,459
66$7,185,306$5,033,876$4,518,220$6,949,557
67$7,871,473$5,233,802$4,622,846$7,509,637
68$8,626,158$5,442,053$4,729,506$8,122,467
69$9,456,302$5,658,989$4,838,220$8,793,295
70$10,369,554$5,884,989$4,949,010$9,527,901
71$11,374,342$6,120,447$5,061,895$10,332,651
72$12,479,952$6,365,776$5,176,896$11,214,555
73$13,696,616$6,621,407$5,294,030$12,181,334
74$15,035,605$6,887,791$5,413,315$13,241,491
75$16,509,343$7,165,399$5,534,767$14,404,393
76$18,131,515$7,454,723$5,658,401$15,680,356
77$19,917,203$7,756,277$5,784,231$17,080,744
78$21,883,023$8,070,600$5,912,268$18,618,074
79$24,047,287$8,398,255$6,042,524$20,306,134
80$26,430,169$8,739,829$6,175,008$22,160,114
81$29,053,903$9,095,937$6,309,727$24,196,745
82$31,942,984$9,467,221$6,446,687$26,434,460
83$35,124,408$9,854,354$6,585,890$28,893,567
84$38,627,920$10,258,039$6,727,339$31,596,437
85$42,486,295$10,679,011$6,871,032$34,567,715
86$46,735,652$11,118,037$7,016,967$37,834,556
87$51,415,789$11,575,922$7,165,136$41,426,874
88$56,570,563$12,053,506$7,315,532$45,377,629
89$62,248,301$12,551,668$7,468,142$49,723,134
90$68,502,255$13,071,327$7,622,953$54,503,398
91$75,391,109$13,613,445$7,779,945$59,762,503
92$82,979,526$14,179,029$7,939,098$65,549,017
93$91,338,766$14,769,129$8,100,386$71,916,455
94$100,547,351$15,384,848$8,263,780$78,923,780
95$110,691,811$16,027,335$8,429,246$86,635,959
96$121,867,497$16,697,796$8,596,748$95,124,577
97$134,179,485$17,397,491$8,766,242$104,468,508
98$147,743,563$18,127,739$8,937,681$114,754,662
99$162,687,327$18,889,918$9,111,014$126,078,803
100$179,151,383$19,685,473$9,286,181$138,546,449