Can I retire at age 61 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%14.7%
1 years$313,800$311,005$308,278$305,616$303,017$297,142
2 years$155,347$152,454$149,650$146,931$144,294$138,399
3 years$102,536$99,630$96,833$94,140$91,546$85,815
4 years$76,135$73,239$70,470$67,823$65,291$59,768
5 years$60,299$57,420$54,687$52,094$49,633$44,333
6 years$49,745$46,888$44,196$41,660$39,273$34,203
7 years$42,210$39,376$36,727$34,251$31,940$27,100
8 years$36,561$33,753$31,147$28,732$26,497$21,886
9 years$32,169$29,388$26,827$24,474$22,314$17,930
10 years$28,658$25,904$23,388$21,097$19,013$14,851
11 years$25,787$23,061$20,591$18,360$16,352$12,407
12 years$23,397$20,698$18,274$16,104$14,170$10,437
13 years$21,376$18,705$16,326$14,218$12,357$8,829
14 years$19,645$17,002$14,669$12,621$10,832$7,503
15 years$18,146$15,532$13,244$11,256$9,537$6,401
16 years$16,835$14,250$12,008$10,078$8,429$5,477
17 years$15,681$13,124$10,927$9,055$7,474$4,700
18 years$14,655$12,127$9,975$8,161$6,645$4,042
19 years$13,739$11,239$9,131$7,374$5,923$3,483
20 years$12,915$10,444$8,380$6,678$5,291$3,005
21 years$12,171$9,728$7,708$6,061$4,734$2,597
22 years$11,495$9,081$7,104$5,511$4,244$2,247
23 years$10,879$8,493$6,560$5,019$3,809$1,947
24 years$10,315$7,958$6,067$4,578$3,424$1,687
25 years$9,797$7,468$5,619$4,180$3,081$1,464
26 years$9,320$7,019$5,211$3,822$2,775$1,271
27 years$8,878$6,605$4,839$3,499$2,502$1,104
28 years$8,469$6,224$4,499$3,206$2,258$959
29 years$8,089$5,872$4,186$2,940$2,039$834
30 years$7,735$5,545$3,899$2,698$1,842$725
31 years$7,405$5,242$3,635$2,478$1,665$631
32 years$7,095$4,960$3,392$2,277$1,507$549
33 years$6,805$4,697$3,167$2,094$1,363$478
34 years$6,533$4,452$2,959$1,927$1,234$416
35 years$6,277$4,223$2,766$1,774$1,118$362
36 years$6,035$4,008$2,588$1,633$1,013$316
37 years$5,807$3,807$2,422$1,505$918$275
38 years$5,592$3,618$2,268$1,387$832$239
39 years$5,388$3,440$2,125$1,279$755$209
40 years$5,195$3,273$1,992$1,180$685$182
41 years$5,012$3,115$1,868$1,088$621$158
42 years$4,838$2,967$1,752$1,005$564$138
43 years$4,672$2,827$1,644$927$512$120
44 years$4,515$2,695$1,543$856$464$105
45 years$4,365$2,570$1,449$791$421$91
46 years$4,222$2,451$1,361$730$383$80
47 years$4,085$2,339$1,279$675$348$69
48 years$3,954$2,233$1,202$624$316$61
49 years$3,830$2,133$1,129$576$287$53
50 years$3,710$2,037$1,062$533$260$46

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 $5,027 every year, while hoping to spend $45,347 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: 67/23/10 Blend
60$3,800,000$3,800,000$3,800,000$3,800,000
61$4,192,785$3,991,385$3,932,485$4,464,695
62$4,572,201$4,138,714$4,015,975$4,793,440
63$4,988,796$4,291,743$4,100,741$5,146,837
64$5,446,317$4,450,702$4,186,780$5,532,017
65$5,948,888$4,615,833$4,274,083$5,952,083
66$6,501,053$4,787,387$4,362,643$6,410,451
67$7,107,818$4,965,627$4,452,450$6,910,878
68$7,774,699$5,150,825$4,543,490$7,457,502
69$8,507,771$5,343,268$4,635,749$8,054,876
70$9,313,727$5,543,253$4,729,211$8,708,012
71$10,199,944$5,751,088$4,823,856$9,422,429
72$11,174,545$5,967,099$4,919,662$10,204,201
73$12,246,483$6,191,621$5,016,605$11,060,017
74$13,425,621$6,425,007$5,114,659$11,997,242
75$14,722,826$6,667,624$5,213,791$13,023,985
76$16,150,072$6,919,855$5,313,970$14,149,175
77$17,720,550$7,182,099$5,415,159$15,382,646
78$19,448,797$7,454,772$5,517,318$16,735,227
79$21,350,829$7,738,311$5,620,403$18,218,843
80$23,444,293$8,033,167$5,724,366$19,846,630
81$25,748,634$8,339,816$5,829,155$21,633,053
82$28,285,279$8,658,751$5,934,716$23,594,045
83$31,077,834$8,990,487$6,040,986$25,747,156
84$34,152,316$9,335,563$6,147,902$28,111,717
85$37,537,388$9,694,542$6,255,392$30,709,020
86$41,264,635$10,068,008$6,363,382$33,562,521
87$45,368,863$10,456,575$6,471,789$36,698,055
88$49,888,421$10,860,882$6,580,529$40,144,085
89$54,865,571$11,281,595$6,689,507$43,931,964
90$60,346,878$11,719,413$6,798,625$48,096,233
91$66,383,657$12,175,061$6,907,776$52,674,944
92$73,032,451$12,649,300$7,016,848$57,710,017
93$80,355,569$13,142,924$7,125,720$63,247,636
94$88,421,669$13,656,760$7,234,264$69,338,682
95$97,306,412$14,191,673$7,342,344$76,039,211
96$107,093,169$14,748,568$7,449,815$83,410,985
97$117,873,812$15,328,388$7,556,524$91,522,049
98$129,749,581$15,932,119$7,662,308$100,447,372
99$142,832,037$16,560,791$7,766,993$110,269,557
100$157,244,114$17,215,480$7,870,398$121,079,611