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%18.7%
1 years$313,800$311,005$308,278$305,616$303,017$292,382
2 years$155,347$152,454$149,650$146,931$144,294$133,691
3 years$102,536$99,630$96,833$94,140$91,546$81,308
4 years$76,135$73,239$70,470$67,823$65,291$55,497
5 years$60,299$57,420$54,687$52,094$49,633$40,309
6 years$49,745$46,888$44,196$41,660$39,273$30,425
7 years$42,210$39,376$36,727$34,251$31,940$23,566
8 years$36,561$33,753$31,147$28,732$26,497$18,591
9 years$32,169$29,388$26,827$24,474$22,314$14,866
10 years$28,658$25,904$23,388$21,097$19,013$12,009
11 years$25,787$23,061$20,591$18,360$16,352$9,779
12 years$23,397$20,698$18,274$16,104$14,170$8,013
13 years$21,376$18,705$16,326$14,218$12,357$6,598
14 years$19,645$17,002$14,669$12,621$10,832$5,455
15 years$18,146$15,532$13,244$11,256$9,537$4,524
16 years$16,835$14,250$12,008$10,078$8,429$3,763
17 years$15,681$13,124$10,927$9,055$7,474$3,136
18 years$14,655$12,127$9,975$8,161$6,645$2,618
19 years$13,739$11,239$9,131$7,374$5,923$2,189
20 years$12,915$10,444$8,380$6,678$5,291$1,833
21 years$12,171$9,728$7,708$6,061$4,734$1,536
22 years$11,495$9,081$7,104$5,511$4,244$1,288
23 years$10,879$8,493$6,560$5,019$3,809$1,081
24 years$10,315$7,958$6,067$4,578$3,424$908
25 years$9,797$7,468$5,619$4,180$3,081$763
26 years$9,320$7,019$5,211$3,822$2,775$641
27 years$8,878$6,605$4,839$3,499$2,502$539
28 years$8,469$6,224$4,499$3,206$2,258$454
29 years$8,089$5,872$4,186$2,940$2,039$382
30 years$7,735$5,545$3,899$2,698$1,842$321
31 years$7,405$5,242$3,635$2,478$1,665$270
32 years$7,095$4,960$3,392$2,277$1,507$228
33 years$6,805$4,697$3,167$2,094$1,363$192
34 years$6,533$4,452$2,959$1,927$1,234$161
35 years$6,277$4,223$2,766$1,774$1,118$136
36 years$6,035$4,008$2,588$1,633$1,013$114
37 years$5,807$3,807$2,422$1,505$918$96
38 years$5,592$3,618$2,268$1,387$832$81
39 years$5,388$3,440$2,125$1,279$755$68
40 years$5,195$3,273$1,992$1,180$685$58
41 years$5,012$3,115$1,868$1,088$621$48
42 years$4,838$2,967$1,752$1,005$564$41
43 years$4,672$2,827$1,644$927$512$34
44 years$4,515$2,695$1,543$856$464$29
45 years$4,365$2,570$1,449$791$421$24
46 years$4,222$2,451$1,361$730$383$21
47 years$4,085$2,339$1,279$675$348$17
48 years$3,954$2,233$1,202$624$316$15
49 years$3,830$2,133$1,129$576$287$12
50 years$3,710$2,037$1,062$533$260$10

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 $4,829 every year, while hoping to spend $53,826 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: 43/29/28 Blend
63$3,800,000$3,800,000$3,800,000$3,800,000
64$4,192,581$3,991,181$3,932,281$4,338,441
65$4,562,954$4,129,479$4,006,742$4,581,764
66$4,969,301$4,272,749$4,081,893$4,839,769
67$5,415,234$4,421,178$4,157,702$5,118,295
68$5,904,733$4,574,961$4,234,130$5,419,278
69$6,442,181$4,734,299$4,311,138$5,744,844
70$7,032,407$4,899,403$4,388,685$6,097,332
71$7,680,729$5,070,490$4,466,722$6,479,317
72$8,393,006$5,247,787$4,545,201$6,893,629
73$9,175,695$5,431,531$4,624,067$7,343,384
74$10,035,906$5,621,966$4,703,263$7,832,009
75$10,981,473$5,819,347$4,782,727$8,363,278
76$12,021,029$6,023,940$4,862,394$8,941,340
77$13,164,081$6,236,021$4,942,191$9,570,767
78$14,421,108$6,455,876$5,022,045$10,256,589
79$15,803,651$6,683,805$5,101,874$11,004,342
80$17,324,429$6,920,116$5,181,592$11,820,123
81$18,997,453$7,165,135$5,261,108$12,710,643
82$20,838,163$7,419,196$5,340,325$13,683,294
83$22,863,569$7,682,650$5,419,139$14,746,211
84$25,092,414$7,955,860$5,497,441$15,908,356
85$27,545,348$8,239,206$5,575,113$17,179,597
86$30,245,128$8,533,081$5,652,034$18,570,799
87$33,216,825$8,837,896$5,728,071$20,093,932
88$36,488,065$9,154,077$5,803,086$21,762,177
89$40,089,291$9,482,070$5,876,932$23,590,050
90$44,054,044$9,822,337$5,949,455$25,593,544
91$48,419,285$10,175,360$6,020,490$27,790,270
92$53,225,740$10,541,640$6,089,864$30,199,631
93$58,518,286$10,921,701$6,157,395$32,842,998
94$64,346,372$11,316,085$6,222,888$35,743,913
95$70,764,488$11,725,359$6,286,141$38,928,310
96$77,832,678$12,150,114$6,346,939$42,424,759
97$85,617,105$12,590,963$6,405,055$46,264,734
98$94,190,676$13,048,547$6,460,251$50,482,910
99$103,633,732$13,523,533$6,512,276$55,117,485
100$114,034,800$14,016,614$6,560,866$60,210,546