Can I retire at age 65 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%12.4%
1 years$313,800$311,005$308,278$305,616$303,017$299,978
2 years$155,347$152,454$149,650$146,931$144,294$141,232
3 years$102,536$99,630$96,833$94,140$91,546$88,558
4 years$76,135$73,239$70,470$67,823$65,291$62,399
5 years$60,299$57,420$54,687$52,094$49,633$46,846
6 years$49,745$46,888$44,196$41,660$39,273$36,594
7 years$42,210$39,376$36,727$34,251$31,940$29,369
8 years$36,561$33,753$31,147$28,732$26,497$24,035
9 years$32,169$29,388$26,827$24,474$22,314$19,961
10 years$28,658$25,904$23,388$21,097$19,013$16,766
11 years$25,787$23,061$20,591$18,360$16,352$14,210
12 years$23,397$20,698$18,274$16,104$14,170$12,131
13 years$21,376$18,705$16,326$14,218$12,357$10,418
14 years$19,645$17,002$14,669$12,621$10,832$8,991
15 years$18,146$15,532$13,244$11,256$9,537$7,791
16 years$16,835$14,250$12,008$10,078$8,429$6,775
17 years$15,681$13,124$10,927$9,055$7,474$5,909
18 years$14,655$12,127$9,975$8,161$6,645$5,167
19 years$13,739$11,239$9,131$7,374$5,923$4,527
20 years$12,915$10,444$8,380$6,678$5,291$3,974
21 years$12,171$9,728$7,708$6,061$4,734$3,495
22 years$11,495$9,081$7,104$5,511$4,244$3,077
23 years$10,879$8,493$6,560$5,019$3,809$2,713
24 years$10,315$7,958$6,067$4,578$3,424$2,394
25 years$9,797$7,468$5,619$4,180$3,081$2,115
26 years$9,320$7,019$5,211$3,822$2,775$1,870
27 years$8,878$6,605$4,839$3,499$2,502$1,655
28 years$8,469$6,224$4,499$3,206$2,258$1,465
29 years$8,089$5,872$4,186$2,940$2,039$1,298
30 years$7,735$5,545$3,899$2,698$1,842$1,150
31 years$7,405$5,242$3,635$2,478$1,665$1,020
32 years$7,095$4,960$3,392$2,277$1,507$905
33 years$6,805$4,697$3,167$2,094$1,363$803
34 years$6,533$4,452$2,959$1,927$1,234$712
35 years$6,277$4,223$2,766$1,774$1,118$632
36 years$6,035$4,008$2,588$1,633$1,013$562
37 years$5,807$3,807$2,422$1,505$918$499
38 years$5,592$3,618$2,268$1,387$832$443
39 years$5,388$3,440$2,125$1,279$755$394
40 years$5,195$3,273$1,992$1,180$685$350
41 years$5,012$3,115$1,868$1,088$621$311
42 years$4,838$2,967$1,752$1,005$564$276
43 years$4,672$2,827$1,644$927$512$246
44 years$4,515$2,695$1,543$856$464$218
45 years$4,365$2,570$1,449$791$421$194
46 years$4,222$2,451$1,361$730$383$173
47 years$4,085$2,339$1,279$675$348$154
48 years$3,954$2,233$1,202$624$316$137
49 years$3,830$2,133$1,129$576$287$121
50 years$3,710$2,037$1,062$533$260$108

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $3,800,000, adding $6,720 every year, while hoping to spend $51,420 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: 68/11/21 Blend
64$3,800,000$3,800,000$3,800,000$3,800,000
65$4,194,532$3,993,132$3,934,232$4,457,281
66$4,567,663$4,134,085$4,011,318$4,774,927
67$4,977,131$4,280,221$4,089,263$5,115,686
68$5,426,587$4,431,740$4,168,042$5,487,218
69$5,920,054$4,588,850$4,247,626$5,892,553
70$6,461,963$4,751,767$4,327,985$6,335,033
71$7,057,195$4,920,716$4,409,085$6,818,332
72$7,711,129$5,095,931$4,490,889$7,346,501
73$8,429,688$5,277,656$4,573,358$7,923,998
74$9,219,399$5,466,144$4,656,448$8,555,734
75$10,087,452$5,661,659$4,740,114$9,247,118
76$11,041,768$5,864,476$4,824,303$10,004,106
77$12,091,074$6,074,882$4,908,963$10,833,259
78$13,244,986$6,293,173$4,994,035$11,741,804
79$14,514,096$6,519,659$5,079,457$12,737,703
80$15,910,076$6,754,665$5,165,161$13,829,723
81$17,445,785$6,998,525$5,251,076$15,027,526
82$19,135,393$7,251,591$5,337,124$16,341,751
83$20,994,510$7,514,225$5,423,225$17,784,123
84$23,040,337$7,786,809$5,509,290$19,367,555
85$25,291,826$8,069,738$5,595,226$21,106,276
86$27,769,861$8,363,424$5,680,935$23,015,961
87$30,497,451$8,668,296$5,766,310$25,113,878
88$33,499,950$8,984,801$5,851,240$27,419,055
89$36,805,293$9,313,405$5,935,606$29,952,454
90$40,444,265$9,654,594$6,019,280$32,737,172
91$44,450,784$10,008,873$6,102,130$35,798,655
92$48,862,227$10,376,770$6,184,014$39,164,943
93$53,719,776$10,758,834$6,264,780$42,866,927
94$59,068,813$11,155,637$6,344,271$46,938,647
95$64,959,346$11,567,777$6,422,318$51,417,608
96$71,446,477$11,995,876$6,498,743$56,345,136
97$78,590,925$12,440,581$6,573,358$61,766,766
98$86,459,599$12,902,570$6,645,966$67,732,671
99$95,126,229$13,382,546$6,716,356$74,298,139
100$104,672,059$13,881,246$6,784,309$81,524,088