Can I retire at age 65 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%14.5%
1 years$313,800$311,005$308,278$305,616$303,017$297,386
2 years$155,347$152,454$149,650$146,931$144,294$138,641
3 years$102,536$99,630$96,833$94,140$91,546$86,049
4 years$76,135$73,239$70,470$67,823$65,291$59,991
5 years$60,299$57,420$54,687$52,094$49,633$44,546
6 years$49,745$46,888$44,196$41,660$39,273$34,404
7 years$42,210$39,376$36,727$34,251$31,940$27,290
8 years$36,561$33,753$31,147$28,732$26,497$22,065
9 years$32,169$29,388$26,827$24,474$22,314$18,098
10 years$28,658$25,904$23,388$21,097$19,013$15,009
11 years$25,787$23,061$20,591$18,360$16,352$12,555
12 years$23,397$20,698$18,274$16,104$14,170$10,575
13 years$21,376$18,705$16,326$14,218$12,357$8,957
14 years$19,645$17,002$14,669$12,621$10,832$7,623
15 years$18,146$15,532$13,244$11,256$9,537$6,512
16 years$16,835$14,250$12,008$10,078$8,429$5,580
17 years$15,681$13,124$10,927$9,055$7,474$4,795
18 years$14,655$12,127$9,975$8,161$6,645$4,130
19 years$13,739$11,239$9,131$7,374$5,923$3,563
20 years$12,915$10,444$8,380$6,678$5,291$3,080
21 years$12,171$9,728$7,708$6,061$4,734$2,666
22 years$11,495$9,081$7,104$5,511$4,244$2,310
23 years$10,879$8,493$6,560$5,019$3,809$2,004
24 years$10,315$7,958$6,067$4,578$3,424$1,740
25 years$9,797$7,468$5,619$4,180$3,081$1,512
26 years$9,320$7,019$5,211$3,822$2,775$1,315
27 years$8,878$6,605$4,839$3,499$2,502$1,144
28 years$8,469$6,224$4,499$3,206$2,258$996
29 years$8,089$5,872$4,186$2,940$2,039$867
30 years$7,735$5,545$3,899$2,698$1,842$755
31 years$7,405$5,242$3,635$2,478$1,665$658
32 years$7,095$4,960$3,392$2,277$1,507$574
33 years$6,805$4,697$3,167$2,094$1,363$500
34 years$6,533$4,452$2,959$1,927$1,234$436
35 years$6,277$4,223$2,766$1,774$1,118$380
36 years$6,035$4,008$2,588$1,633$1,013$332
37 years$5,807$3,807$2,422$1,505$918$290
38 years$5,592$3,618$2,268$1,387$832$253
39 years$5,388$3,440$2,125$1,279$755$221
40 years$5,195$3,273$1,992$1,180$685$192
41 years$5,012$3,115$1,868$1,088$621$168
42 years$4,838$2,967$1,752$1,005$564$147
43 years$4,672$2,827$1,644$927$512$128
44 years$4,515$2,695$1,543$856$464$112
45 years$4,365$2,570$1,449$791$421$98
46 years$4,222$2,451$1,361$730$383$85
47 years$4,085$2,339$1,279$675$348$74
48 years$3,954$2,233$1,202$624$316$65
49 years$3,830$2,133$1,129$576$287$57
50 years$3,710$2,037$1,062$533$260$50

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 $3,087 every year, while hoping to spend $20,452 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: 57/31/12 Blend
64$3,800,000$3,800,000$3,800,000$3,800,000
65$4,190,784$3,989,384$3,930,484$4,416,919
66$4,596,483$4,163,103$4,040,395$4,743,808
67$5,042,879$4,344,649$4,153,302$5,097,299
68$5,534,099$4,534,384$4,269,284$5,481,993
69$6,074,694$4,732,686$4,388,422$5,900,880
70$6,669,678$4,939,953$4,510,800$6,357,250
71$7,324,574$5,156,599$4,636,500$6,854,717
72$8,045,470$5,383,061$4,765,612$7,397,258
73$8,839,071$5,619,794$4,898,223$7,989,244
74$9,712,767$5,867,275$5,034,425$8,635,483
75$10,674,702$6,126,005$5,174,311$9,341,266
76$11,733,848$6,396,506$5,317,977$10,112,410
77$12,900,093$6,679,326$5,465,521$10,955,316
78$14,184,330$6,975,041$5,617,044$11,877,027
79$15,598,565$7,284,251$5,772,648$12,885,291
80$17,156,026$7,607,587$5,932,439$13,988,637
81$18,871,290$7,945,708$6,096,525$15,196,448
82$20,760,419$8,299,306$6,265,016$16,519,053
83$22,841,114$8,669,103$6,438,026$17,967,819
84$25,132,878$9,055,860$6,615,671$19,555,258
85$27,657,204$9,460,370$6,798,068$21,295,145
86$30,437,776$9,883,465$6,985,340$23,202,640
87$33,500,692$10,326,017$7,177,612$25,294,438
88$36,874,710$10,788,939$7,375,009$27,588,914
89$40,591,522$11,273,189$7,577,663$30,106,304
90$44,686,050$11,779,768$7,785,708$32,868,884
91$49,196,776$12,309,726$7,999,279$35,901,188
92$54,166,109$12,864,164$8,218,516$39,230,227
93$59,640,778$13,444,234$8,443,562$42,885,748
94$65,672,279$14,051,144$8,674,564$46,900,508
95$72,317,361$14,686,158$8,911,670$51,310,582
96$79,638,555$15,350,604$9,155,035$56,155,700
97$87,704,774$16,045,870$9,404,815$61,479,620
98$96,591,954$16,773,410$9,661,169$67,330,534
99$106,383,777$17,534,751$9,924,262$73,761,522
100$117,172,458$18,331,490$10,194,261$80,831,049