Can I retire at age 63 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%19.8%
1 years$313,800$311,005$308,278$305,616$303,017$291,110
2 years$155,347$152,454$149,650$146,931$144,294$132,443
3 years$102,536$99,630$96,833$94,140$91,546$80,125
4 years$76,135$73,239$70,470$67,823$65,291$54,387
5 years$60,299$57,420$54,687$52,094$49,633$39,273
6 years$49,745$46,888$44,196$41,660$39,273$29,464
7 years$42,210$39,376$36,727$34,251$31,940$22,679
8 years$36,561$33,753$31,147$28,732$26,497$17,775
9 years$32,169$29,388$26,827$24,474$22,314$14,117
10 years$28,658$25,904$23,388$21,097$19,013$11,326
11 years$25,787$23,061$20,591$18,360$16,352$9,156
12 years$23,397$20,698$18,274$16,104$14,170$7,448
13 years$21,376$18,705$16,326$14,218$12,357$6,087
14 years$19,645$17,002$14,669$12,621$10,832$4,994
15 years$18,146$15,532$13,244$11,256$9,537$4,109
16 years$16,835$14,250$12,008$10,078$8,429$3,390
17 years$15,681$13,124$10,927$9,055$7,474$2,803
18 years$14,655$12,127$9,975$8,161$6,645$2,321
19 years$13,739$11,239$9,131$7,374$5,923$1,924
20 years$12,915$10,444$8,380$6,678$5,291$1,598
21 years$12,171$9,728$7,708$6,061$4,734$1,327
22 years$11,495$9,081$7,104$5,511$4,244$1,104
23 years$10,879$8,493$6,560$5,019$3,809$919
24 years$10,315$7,958$6,067$4,578$3,424$765
25 years$9,797$7,468$5,619$4,180$3,081$637
26 years$9,320$7,019$5,211$3,822$2,775$531
27 years$8,878$6,605$4,839$3,499$2,502$442
28 years$8,469$6,224$4,499$3,206$2,258$369
29 years$8,089$5,872$4,186$2,940$2,039$307
30 years$7,735$5,545$3,899$2,698$1,842$256
31 years$7,405$5,242$3,635$2,478$1,665$214
32 years$7,095$4,960$3,392$2,277$1,507$178
33 years$6,805$4,697$3,167$2,094$1,363$149
34 years$6,533$4,452$2,959$1,927$1,234$124
35 years$6,277$4,223$2,766$1,774$1,118$104
36 years$6,035$4,008$2,588$1,633$1,013$86
37 years$5,807$3,807$2,422$1,505$918$72
38 years$5,592$3,618$2,268$1,387$832$60
39 years$5,388$3,440$2,125$1,279$755$50
40 years$5,195$3,273$1,992$1,180$685$42
41 years$5,012$3,115$1,868$1,088$621$35
42 years$4,838$2,967$1,752$1,005$564$29
43 years$4,672$2,827$1,644$927$512$24
44 years$4,515$2,695$1,543$856$464$20
45 years$4,365$2,570$1,449$791$421$17
46 years$4,222$2,451$1,361$730$383$14
47 years$4,085$2,339$1,279$675$348$12
48 years$3,954$2,233$1,202$624$316$10
49 years$3,830$2,133$1,129$576$287$8
50 years$3,710$2,037$1,062$533$260$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $3,800,000, adding $2,658 every year, while hoping to spend $21,103 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: 76/9/15 Blend
62$3,800,000$3,800,000$3,800,000$3,800,000
63$4,190,342$3,988,942$3,930,042$4,495,107
64$4,595,303$4,161,946$4,039,245$4,869,724
65$5,040,863$4,342,721$4,151,399$5,277,405
66$5,531,141$4,531,624$4,266,580$5,723,776
67$6,070,675$4,729,031$4,384,868$6,212,686
68$6,664,464$4,935,334$4,506,342$6,748,373
69$7,318,020$5,150,946$4,631,085$7,335,503
70$8,037,412$5,376,297$4,759,180$7,979,214
71$8,829,331$5,611,838$4,890,715$8,685,164
72$9,701,146$5,858,041$5,025,778$9,459,585
73$10,660,980$6,115,402$5,164,458$10,309,341
74$11,717,782$6,384,439$5,306,850$11,241,989
75$12,881,414$6,665,694$5,453,047$12,265,855
76$14,162,741$6,959,736$5,603,147$13,390,108
77$15,573,737$7,267,160$5,757,249$14,624,848
78$17,127,596$7,588,589$5,915,455$15,981,201
79$18,838,858$7,924,676$6,077,869$17,471,419
80$20,723,541$8,276,105$6,244,598$19,109,003
81$22,799,301$8,643,593$6,415,750$20,908,821
82$25,085,589$9,027,889$6,591,438$22,887,256
83$27,603,843$9,429,779$6,771,775$25,062,350
84$30,377,684$9,850,087$6,956,878$27,453,985
85$33,433,142$10,289,676$7,146,867$30,084,061
86$36,798,900$10,749,447$7,341,865$32,976,705
87$40,506,565$11,230,348$7,541,995$36,158,498
88$44,590,970$11,733,369$7,747,386$39,658,725
89$49,090,494$12,259,550$7,958,169$43,509,649
90$54,047,434$12,809,978$8,174,478$47,746,819
91$59,508,398$13,385,792$8,396,449$52,409,397
92$65,524,747$13,988,188$8,624,221$57,540,533
93$72,153,077$14,618,415$8,857,939$63,187,771
94$79,455,759$15,277,785$9,097,748$69,403,491
95$87,501,520$15,967,671$9,343,796$76,245,409
96$96,366,100$16,689,511$9,596,238$83,777,117
97$106,132,958$17,444,813$9,855,228$92,068,680
98$116,894,068$18,235,157$10,120,926$101,197,302
99$128,750,780$19,062,198$10,393,495$111,248,048
100$141,814,783$19,927,669$10,673,101$122,314,649