Can I retire at age 64 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%13.8%
1 years$313,800$311,005$308,278$305,616$303,017$298,243
2 years$155,347$152,454$149,650$146,931$144,294$139,496
3 years$102,536$99,630$96,833$94,140$91,546$86,874
4 years$76,135$73,239$70,470$67,823$65,291$60,782
5 years$60,299$57,420$54,687$52,094$49,633$45,299
6 years$49,745$46,888$44,196$41,660$39,273$35,118
7 years$42,210$39,376$36,727$34,251$31,940$27,966
8 years$36,561$33,753$31,147$28,732$26,497$22,704
9 years$32,169$29,388$26,827$24,474$22,314$18,700
10 years$28,658$25,904$23,388$21,097$19,013$15,574
11 years$25,787$23,061$20,591$18,360$16,352$13,085
12 years$23,397$20,698$18,274$16,104$14,170$11,071
13 years$21,376$18,705$16,326$14,218$12,357$9,422
14 years$19,645$17,002$14,669$12,621$10,832$8,055
15 years$18,146$15,532$13,244$11,256$9,537$6,914
16 years$16,835$14,250$12,008$10,078$8,429$5,955
17 years$15,681$13,124$10,927$9,055$7,474$5,142
18 years$14,655$12,127$9,975$8,161$6,645$4,451
19 years$13,739$11,239$9,131$7,374$5,923$3,861
20 years$12,915$10,444$8,380$6,678$5,291$3,355
21 years$12,171$9,728$7,708$6,061$4,734$2,919
22 years$11,495$9,081$7,104$5,511$4,244$2,543
23 years$10,879$8,493$6,560$5,019$3,809$2,218
24 years$10,315$7,958$6,067$4,578$3,424$1,936
25 years$9,797$7,468$5,619$4,180$3,081$1,692
26 years$9,320$7,019$5,211$3,822$2,775$1,479
27 years$8,878$6,605$4,839$3,499$2,502$1,294
28 years$8,469$6,224$4,499$3,206$2,258$1,133
29 years$8,089$5,872$4,186$2,940$2,039$992
30 years$7,735$5,545$3,899$2,698$1,842$869
31 years$7,405$5,242$3,635$2,478$1,665$762
32 years$7,095$4,960$3,392$2,277$1,507$668
33 years$6,805$4,697$3,167$2,094$1,363$586
34 years$6,533$4,452$2,959$1,927$1,234$514
35 years$6,277$4,223$2,766$1,774$1,118$451
36 years$6,035$4,008$2,588$1,633$1,013$396
37 years$5,807$3,807$2,422$1,505$918$347
38 years$5,592$3,618$2,268$1,387$832$305
39 years$5,388$3,440$2,125$1,279$755$268
40 years$5,195$3,273$1,992$1,180$685$235
41 years$5,012$3,115$1,868$1,088$621$206
42 years$4,838$2,967$1,752$1,005$564$181
43 years$4,672$2,827$1,644$927$512$159
44 years$4,515$2,695$1,543$856$464$140
45 years$4,365$2,570$1,449$791$421$123
46 years$4,222$2,451$1,361$730$383$108
47 years$4,085$2,339$1,279$675$348$95
48 years$3,954$2,233$1,202$624$316$83
49 years$3,830$2,133$1,129$576$287$73
50 years$3,710$2,037$1,062$533$260$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $3,800,000, adding $2,861 every year, while hoping to spend $59,416 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: 62/14/24 Blend
63$3,800,000$3,800,000$3,800,000$3,800,000
64$4,190,551$3,989,151$3,930,251$4,423,628
65$4,554,769$4,121,401$3,998,696$4,714,046
66$4,954,146$4,258,140$4,067,443$5,024,205
67$5,392,205$4,399,526$4,136,439$5,361,543
68$5,872,828$4,545,720$4,205,627$5,728,721
69$6,400,288$4,696,892$4,274,948$6,128,669
70$6,979,295$4,853,218$4,344,336$6,564,615
71$7,615,036$5,014,878$4,413,723$7,040,112
72$8,313,223$5,182,060$4,483,037$7,559,074
73$9,080,151$5,354,960$4,552,198$8,125,810
74$9,922,754$5,533,781$4,621,124$8,745,067
75$10,848,669$5,718,731$4,689,726$9,422,073
76$11,866,313$5,910,028$4,757,911$10,162,587
77$12,984,955$6,107,897$4,825,579$10,972,950
78$14,214,809$6,312,573$4,892,625$11,860,150
79$15,567,128$6,524,298$4,958,937$12,831,883
80$17,054,310$6,743,323$5,024,396$13,896,628
81$18,690,013$6,969,909$5,088,876$15,063,724
82$20,489,287$7,204,328$5,152,247$16,343,461
83$22,468,713$7,446,859$5,214,366$17,747,174
84$24,646,561$7,697,793$5,275,086$19,287,351
85$27,042,959$7,957,434$5,334,250$20,977,753
86$29,680,087$8,226,095$5,391,694$22,833,537
87$32,582,382$8,504,100$5,447,242$24,871,406
88$35,776,772$8,791,788$5,500,711$27,109,761
89$39,292,925$9,089,508$5,551,908$29,568,877
90$43,163,535$9,397,625$5,600,628$32,271,095
91$47,424,622$9,716,515$5,646,656$35,241,027
92$52,115,880$10,046,571$5,689,766$38,505,796
93$57,281,046$10,388,200$5,729,719$42,095,285
94$62,968,314$10,741,822$5,766,265$46,042,422
95$69,230,787$11,107,877$5,799,140$50,383,490
96$76,126,983$11,486,819$5,828,067$55,158,468
97$83,721,384$11,879,121$5,852,756$60,411,410
98$92,085,040$12,285,273$5,872,898$66,190,858
99$101,296,248$12,705,785$5,888,174$72,550,303
100$111,441,283$13,141,186$5,898,246$79,548,684