Can I retire at age 64 with 3,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.6%
1 years$313,800$311,005$308,278$305,616$303,017$296,053
2 years$155,347$152,454$149,650$146,931$144,294$137,316
3 years$102,536$99,630$96,833$94,140$91,546$84,772
4 years$76,135$73,239$70,470$67,823$65,291$58,774
5 years$60,299$57,420$54,687$52,094$49,633$43,391
6 years$49,745$46,888$44,196$41,660$39,273$33,312
7 years$42,210$39,376$36,727$34,251$31,940$26,260
8 years$36,561$33,753$31,147$28,732$26,497$21,098
9 years$32,169$29,388$26,827$24,474$22,314$17,191
10 years$28,658$25,904$23,388$21,097$19,013$14,160
11 years$25,787$23,061$20,591$18,360$16,352$11,762
12 years$23,397$20,698$18,274$16,104$14,170$9,837
13 years$21,376$18,705$16,326$14,218$12,357$8,272
14 years$19,645$17,002$14,669$12,621$10,832$6,987
15 years$18,146$15,532$13,244$11,256$9,537$5,923
16 years$16,835$14,250$12,008$10,078$8,429$5,036
17 years$15,681$13,124$10,927$9,055$7,474$4,294
18 years$14,655$12,127$9,975$8,161$6,645$3,668
19 years$13,739$11,239$9,131$7,374$5,923$3,139
20 years$12,915$10,444$8,380$6,678$5,291$2,691
21 years$12,171$9,728$7,708$6,061$4,734$2,310
22 years$11,495$9,081$7,104$5,511$4,244$1,985
23 years$10,879$8,493$6,560$5,019$3,809$1,707
24 years$10,315$7,958$6,067$4,578$3,424$1,469
25 years$9,797$7,468$5,619$4,180$3,081$1,266
26 years$9,320$7,019$5,211$3,822$2,775$1,091
27 years$8,878$6,605$4,839$3,499$2,502$941
28 years$8,469$6,224$4,499$3,206$2,258$811
29 years$8,089$5,872$4,186$2,940$2,039$700
30 years$7,735$5,545$3,899$2,698$1,842$605
31 years$7,405$5,242$3,635$2,478$1,665$522
32 years$7,095$4,960$3,392$2,277$1,507$451
33 years$6,805$4,697$3,167$2,094$1,363$390
34 years$6,533$4,452$2,959$1,927$1,234$337
35 years$6,277$4,223$2,766$1,774$1,118$291
36 years$6,035$4,008$2,588$1,633$1,013$251
37 years$5,807$3,807$2,422$1,505$918$217
38 years$5,592$3,618$2,268$1,387$832$188
39 years$5,388$3,440$2,125$1,279$755$162
40 years$5,195$3,273$1,992$1,180$685$140
41 years$5,012$3,115$1,868$1,088$621$121
42 years$4,838$2,967$1,752$1,005$564$105
43 years$4,672$2,827$1,644$927$512$91
44 years$4,515$2,695$1,543$856$464$79
45 years$4,365$2,570$1,449$791$421$68
46 years$4,222$2,451$1,361$730$383$59
47 years$4,085$2,339$1,279$675$348$51
48 years$3,954$2,233$1,202$624$316$44
49 years$3,830$2,133$1,129$576$287$38
50 years$3,710$2,037$1,062$533$260$33

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 $3,817 every year, while hoping to spend $39,102 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: 44/45/11 Blend
63$3,800,000$3,800,000$3,800,000$3,800,000
64$4,191,537$3,990,137$3,931,237$4,362,582
65$4,577,470$4,144,050$4,021,329$4,635,825
66$5,001,457$4,304,193$4,113,129$4,927,532
67$5,467,339$4,470,832$4,206,652$5,242,819
68$5,979,347$4,644,242$4,301,914$5,583,868
69$6,542,141$4,824,711$4,398,929$5,953,076
70$7,160,856$5,012,539$4,497,710$6,353,078
71$7,841,150$5,208,040$4,598,270$6,786,765
72$8,589,256$5,411,542$4,700,621$7,257,317
73$9,412,040$5,623,387$4,804,771$7,768,225
74$10,317,068$5,843,933$4,910,731$8,323,329
75$11,312,677$6,073,554$5,018,509$8,926,847
76$12,408,050$6,312,639$5,128,109$9,583,418
77$13,613,309$6,561,596$5,239,539$10,298,142
78$14,939,602$6,820,850$5,352,799$11,076,626
79$16,399,216$7,090,846$5,467,892$11,925,038
80$18,005,688$7,372,049$5,584,818$12,850,162
81$19,773,933$7,664,944$5,703,574$13,859,458
82$21,720,386$7,970,038$5,824,156$14,961,134
83$23,863,157$8,287,862$5,946,557$16,164,222
84$26,222,201$8,618,969$6,070,768$17,478,656
85$28,819,504$8,963,937$6,196,778$18,915,371
86$31,679,296$9,323,372$6,324,572$20,486,399
87$34,828,272$9,697,906$6,454,134$22,204,980
88$38,295,852$10,088,199$6,585,443$24,085,689
89$42,114,450$10,494,942$6,718,477$26,144,566
90$46,319,786$10,918,857$6,853,208$28,399,270
91$50,951,221$11,360,697$6,989,607$30,869,239
92$56,052,127$11,821,253$7,127,641$33,575,871
93$61,670,298$12,301,348$7,267,271$36,542,726
94$67,858,399$12,801,845$7,408,455$39,795,743
95$74,674,465$13,323,645$7,551,147$43,363,483
96$82,182,447$13,867,690$7,695,297$47,277,391
97$90,452,815$14,434,965$7,840,848$51,572,099
98$99,563,225$15,026,501$7,987,740$56,285,738
99$109,599,250$15,643,376$8,135,905$61,460,304
100$120,655,188$16,286,716$8,285,272$67,142,042