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%18.3%
1 years$313,800$311,005$308,278$305,616$303,017$292,849
2 years$155,347$152,454$149,650$146,931$144,294$134,150
3 years$102,536$99,630$96,833$94,140$91,546$81,745
4 years$76,135$73,239$70,470$67,823$65,291$55,908
5 years$60,299$57,420$54,687$52,094$49,633$40,692
6 years$49,745$46,888$44,196$41,660$39,273$30,782
7 years$42,210$39,376$36,727$34,251$31,940$23,897
8 years$36,561$33,753$31,147$28,732$26,497$18,897
9 years$32,169$29,388$26,827$24,474$22,314$15,147
10 years$28,658$25,904$23,388$21,097$19,013$12,268
11 years$25,787$23,061$20,591$18,360$16,352$10,015
12 years$23,397$20,698$18,274$16,104$14,170$8,228
13 years$21,376$18,705$16,326$14,218$12,357$6,794
14 years$19,645$17,002$14,669$12,621$10,832$5,633
15 years$18,146$15,532$13,244$11,256$9,537$4,685
16 years$16,835$14,250$12,008$10,078$8,429$3,908
17 years$15,681$13,124$10,927$9,055$7,474$3,266
18 years$14,655$12,127$9,975$8,161$6,645$2,735
19 years$13,739$11,239$9,131$7,374$5,923$2,294
20 years$12,915$10,444$8,380$6,678$5,291$1,926
21 years$12,171$9,728$7,708$6,061$4,734$1,619
22 years$11,495$9,081$7,104$5,511$4,244$1,362
23 years$10,879$8,493$6,560$5,019$3,809$1,147
24 years$10,315$7,958$6,067$4,578$3,424$967
25 years$9,797$7,468$5,619$4,180$3,081$815
26 years$9,320$7,019$5,211$3,822$2,775$687
27 years$8,878$6,605$4,839$3,499$2,502$580
28 years$8,469$6,224$4,499$3,206$2,258$489
29 years$8,089$5,872$4,186$2,940$2,039$413
30 years$7,735$5,545$3,899$2,698$1,842$349
31 years$7,405$5,242$3,635$2,478$1,665$294
32 years$7,095$4,960$3,392$2,277$1,507$249
33 years$6,805$4,697$3,167$2,094$1,363$210
34 years$6,533$4,452$2,959$1,927$1,234$177
35 years$6,277$4,223$2,766$1,774$1,118$150
36 years$6,035$4,008$2,588$1,633$1,013$127
37 years$5,807$3,807$2,422$1,505$918$107
38 years$5,592$3,618$2,268$1,387$832$90
39 years$5,388$3,440$2,125$1,279$755$76
40 years$5,195$3,273$1,992$1,180$685$65
41 years$5,012$3,115$1,868$1,088$621$55
42 years$4,838$2,967$1,752$1,005$564$46
43 years$4,672$2,827$1,644$927$512$39
44 years$4,515$2,695$1,543$856$464$33
45 years$4,365$2,570$1,449$791$421$28
46 years$4,222$2,451$1,361$730$383$24
47 years$4,085$2,339$1,279$675$348$20
48 years$3,954$2,233$1,202$624$316$17
49 years$3,830$2,133$1,129$576$287$14
50 years$3,710$2,037$1,062$533$260$12

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 $4,903 every year, while hoping to spend $32,510 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: 42/41/17 Blend
63$3,800,000$3,800,000$3,800,000$3,800,000
64$4,192,657$3,991,257$3,932,357$4,347,678
65$4,585,718$4,152,239$4,029,501$4,618,627
66$5,017,781$4,320,018$4,128,809$4,908,286
67$5,492,791$4,494,895$4,230,321$5,221,265
68$6,015,093$4,677,182$4,334,073$5,559,715
69$6,589,473$4,867,205$4,440,105$5,925,999
70$7,221,207$5,065,305$4,548,456$6,322,713
71$7,916,105$5,271,840$4,659,165$6,752,707
72$8,680,570$5,487,183$4,772,269$7,219,111
73$9,521,657$5,711,724$4,887,809$7,725,365
74$10,447,139$5,945,871$5,005,823$8,275,249
75$11,465,579$6,190,050$5,126,350$8,872,918
76$12,586,414$6,444,709$5,249,429$9,522,938
77$13,820,042$6,710,313$5,375,099$10,230,329
78$15,177,919$6,987,351$5,503,397$11,000,610
79$16,672,668$7,276,334$5,634,363$11,839,850
80$18,318,200$7,577,794$5,768,034$12,754,724
81$20,129,842$7,892,291$5,904,448$13,752,572
82$22,124,481$8,220,409$6,043,643$14,841,470
83$24,320,727$8,562,758$6,185,654$16,030,299
84$26,739,087$8,919,978$6,330,518$17,328,832
85$29,402,154$9,292,738$6,478,272$18,747,821
86$32,334,829$9,681,737$6,628,948$20,299,096
87$35,564,546$10,087,707$6,782,583$21,995,679
88$39,121,539$10,511,414$6,939,209$23,851,896
89$43,039,122$10,953,659$7,098,858$25,883,517
90$47,354,005$11,415,280$7,261,562$28,107,900
91$52,106,639$11,897,155$7,427,350$30,544,149
92$57,341,602$12,400,201$7,596,252$33,213,297
93$63,108,014$12,925,379$7,768,295$36,138,497
94$69,460,003$13,473,695$7,943,505$39,345,238
95$76,457,217$14,046,199$8,121,905$42,861,585
96$84,165,383$14,643,993$8,303,520$46,718,436
97$92,656,933$15,268,230$8,488,369$50,949,816
98$102,011,682$15,920,114$8,676,470$55,593,187
99$112,317,582$16,600,909$8,867,841$60,689,804
100$123,671,557$17,311,935$9,062,495$66,285,097