Can I retire at age 61 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%15.8%
1 years$313,800$311,005$308,278$305,616$303,017$295,812
2 years$155,347$152,454$149,650$146,931$144,294$137,077
3 years$102,536$99,630$96,833$94,140$91,546$84,543
4 years$76,135$73,239$70,470$67,823$65,291$58,556
5 years$60,299$57,420$54,687$52,094$49,633$43,184
6 years$49,745$46,888$44,196$41,660$39,273$33,117
7 years$42,210$39,376$36,727$34,251$31,940$26,077
8 years$36,561$33,753$31,147$28,732$26,497$20,926
9 years$32,169$29,388$26,827$24,474$22,314$17,031
10 years$28,658$25,904$23,388$21,097$19,013$14,010
11 years$25,787$23,061$20,591$18,360$16,352$11,623
12 years$23,397$20,698$18,274$16,104$14,170$9,708
13 years$21,376$18,705$16,326$14,218$12,357$8,152
14 years$19,645$17,002$14,669$12,621$10,832$6,876
15 years$18,146$15,532$13,244$11,256$9,537$5,821
16 years$16,835$14,250$12,008$10,078$8,429$4,943
17 years$15,681$13,124$10,927$9,055$7,474$4,208
18 years$14,655$12,127$9,975$8,161$6,645$3,590
19 years$13,739$11,239$9,131$7,374$5,923$3,068
20 years$12,915$10,444$8,380$6,678$5,291$2,626
21 years$12,171$9,728$7,708$6,061$4,734$2,250
22 years$11,495$9,081$7,104$5,511$4,244$1,930
23 years$10,879$8,493$6,560$5,019$3,809$1,658
24 years$10,315$7,958$6,067$4,578$3,424$1,425
25 years$9,797$7,468$5,619$4,180$3,081$1,225
26 years$9,320$7,019$5,211$3,822$2,775$1,054
27 years$8,878$6,605$4,839$3,499$2,502$908
28 years$8,469$6,224$4,499$3,206$2,258$782
29 years$8,089$5,872$4,186$2,940$2,039$674
30 years$7,735$5,545$3,899$2,698$1,842$580
31 years$7,405$5,242$3,635$2,478$1,665$500
32 years$7,095$4,960$3,392$2,277$1,507$432
33 years$6,805$4,697$3,167$2,094$1,363$372
34 years$6,533$4,452$2,959$1,927$1,234$321
35 years$6,277$4,223$2,766$1,774$1,118$277
36 years$6,035$4,008$2,588$1,633$1,013$239
37 years$5,807$3,807$2,422$1,505$918$206
38 years$5,592$3,618$2,268$1,387$832$178
39 years$5,388$3,440$2,125$1,279$755$154
40 years$5,195$3,273$1,992$1,180$685$133
41 years$5,012$3,115$1,868$1,088$621$114
42 years$4,838$2,967$1,752$1,005$564$99
43 years$4,672$2,827$1,644$927$512$85
44 years$4,515$2,695$1,543$856$464$74
45 years$4,365$2,570$1,449$791$421$64
46 years$4,222$2,451$1,361$730$383$55
47 years$4,085$2,339$1,279$675$348$47
48 years$3,954$2,233$1,202$624$316$41
49 years$3,830$2,133$1,129$576$287$35
50 years$3,710$2,037$1,062$533$260$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $3,800,000, adding $4,098 every year, while hoping to spend $29,809 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: 37/46/17 Blend
60$3,800,000$3,800,000$3,800,000$3,800,000
61$4,191,827$3,990,427$3,931,527$4,325,187
62$4,587,677$4,154,241$4,031,517$4,585,577
63$5,022,904$4,325,084$4,133,857$4,863,521
64$5,501,494$4,503,267$4,238,595$5,163,112
65$6,027,838$4,689,118$4,345,779$5,486,305
66$6,606,771$4,882,979$4,455,457$5,835,248
67$7,243,625$5,085,208$4,567,678$6,212,294
68$7,944,272$5,296,180$4,682,492$6,620,027
69$8,715,181$5,516,286$4,799,948$7,061,283
70$9,563,481$5,745,936$4,920,099$7,539,176
71$10,497,028$5,985,558$5,042,993$8,057,124
72$11,524,476$6,235,601$5,168,684$8,618,882
73$12,655,361$6,496,534$5,297,224$9,228,573
74$13,900,191$6,768,848$5,428,664$9,890,728
75$15,270,544$7,053,055$5,563,058$10,610,326
76$16,779,178$7,349,693$5,700,459$11,392,835
77$18,440,150$7,659,324$5,840,920$12,244,269
78$20,268,950$7,982,536$5,984,496$13,171,238
79$22,282,648$8,319,945$6,131,241$14,181,007
80$24,500,049$8,672,194$6,281,210$15,281,564
81$26,941,880$9,039,957$6,434,456$16,481,697
82$29,630,976$9,423,939$6,591,035$17,791,065
83$32,592,503$9,824,879$6,751,001$19,220,295
84$35,854,189$10,243,549$6,914,411$20,781,076
85$39,446,590$10,680,757$7,081,317$22,486,268
86$43,403,378$11,137,349$7,251,777$24,350,016
87$47,761,654$11,614,212$7,425,843$26,387,886
88$52,562,306$12,112,271$7,603,572$28,617,006
89$57,850,386$12,632,497$7,785,017$31,056,224
90$63,675,543$13,175,906$7,970,232$33,726,284
91$70,092,484$13,743,562$8,159,271$36,650,015
92$77,161,498$14,336,577$8,352,186$39,852,544
93$84,949,017$14,956,116$8,549,032$43,361,531
94$93,528,251$15,603,400$8,749,858$47,207,425
95$102,979,871$16,279,705$8,954,717$51,423,744
96$113,392,777$16,986,369$9,163,659$56,047,389
97$124,864,930$17,724,792$9,376,732$61,118,988
98$137,504,286$18,496,439$9,593,985$66,683,275
99$151,429,804$19,302,845$9,815,464$72,789,504
100$166,772,578$20,145,619$10,041,216$79,491,909