Can I retire at age 71 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%15.1%
1 years$313,800$311,005$308,278$305,616$303,017$296,657
2 years$155,347$152,454$149,650$146,931$144,294$137,916
3 years$102,536$99,630$96,833$94,140$91,546$85,349
4 years$76,135$73,239$70,470$67,823$65,291$59,324
5 years$60,299$57,420$54,687$52,094$49,633$43,912
6 years$49,745$46,888$44,196$41,660$39,273$33,804
7 years$42,210$39,376$36,727$34,251$31,940$26,723
8 years$36,561$33,753$31,147$28,732$26,497$21,532
9 years$32,169$29,388$26,827$24,474$22,314$17,598
10 years$28,658$25,904$23,388$21,097$19,013$14,540
11 years$25,787$23,061$20,591$18,360$16,352$12,116
12 years$23,397$20,698$18,274$16,104$14,170$10,166
13 years$21,376$18,705$16,326$14,218$12,357$8,577
14 years$19,645$17,002$14,669$12,621$10,832$7,269
15 years$18,146$15,532$13,244$11,256$9,537$6,184
16 years$16,835$14,250$12,008$10,078$8,429$5,277
17 years$15,681$13,124$10,927$9,055$7,474$4,515
18 years$14,655$12,127$9,975$8,161$6,645$3,871
19 years$13,739$11,239$9,131$7,374$5,923$3,326
20 years$12,915$10,444$8,380$6,678$5,291$2,862
21 years$12,171$9,728$7,708$6,061$4,734$2,466
22 years$11,495$9,081$7,104$5,511$4,244$2,127
23 years$10,879$8,493$6,560$5,019$3,809$1,836
24 years$10,315$7,958$6,067$4,578$3,424$1,587
25 years$9,797$7,468$5,619$4,180$3,081$1,372
26 years$9,320$7,019$5,211$3,822$2,775$1,188
27 years$8,878$6,605$4,839$3,499$2,502$1,028
28 years$8,469$6,224$4,499$3,206$2,258$891
29 years$8,089$5,872$4,186$2,940$2,039$772
30 years$7,735$5,545$3,899$2,698$1,842$669
31 years$7,405$5,242$3,635$2,478$1,665$580
32 years$7,095$4,960$3,392$2,277$1,507$503
33 years$6,805$4,697$3,167$2,094$1,363$436
34 years$6,533$4,452$2,959$1,927$1,234$379
35 years$6,277$4,223$2,766$1,774$1,118$329
36 years$6,035$4,008$2,588$1,633$1,013$285
37 years$5,807$3,807$2,422$1,505$918$248
38 years$5,592$3,618$2,268$1,387$832$215
39 years$5,388$3,440$2,125$1,279$755$187
40 years$5,195$3,273$1,992$1,180$685$162
41 years$5,012$3,115$1,868$1,088$621$141
42 years$4,838$2,967$1,752$1,005$564$122
43 years$4,672$2,827$1,644$927$512$106
44 years$4,515$2,695$1,543$856$464$92
45 years$4,365$2,570$1,449$791$421$80
46 years$4,222$2,451$1,361$730$383$70
47 years$4,085$2,339$1,279$675$348$60
48 years$3,954$2,233$1,202$624$316$52
49 years$3,830$2,133$1,129$576$287$46
50 years$3,710$2,037$1,062$533$260$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $3,800,000, adding $6,885 every year, while hoping to spend $55,561 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: 41/31/28 Blend
70$3,800,000$3,800,000$3,800,000$3,800,000
71$4,194,702$3,993,302$3,934,402$4,331,898
72$4,563,445$4,129,857$4,007,088$4,568,340
73$4,967,938$4,271,242$4,080,347$4,818,398
74$5,411,768$4,417,633$4,154,139$5,088,016
75$5,898,887$4,569,216$4,228,422$5,379,027
76$6,433,649$4,726,183$4,303,149$5,693,447
77$7,020,849$4,888,733$4,378,272$6,033,495
78$7,665,768$5,057,074$4,453,737$6,401,607
79$8,374,227$5,231,421$4,529,487$6,800,468
80$9,152,634$5,411,996$4,605,461$7,233,028
81$10,008,052$5,599,034$4,681,593$7,702,536
82$10,948,261$5,792,774$4,757,814$8,212,564
83$11,981,832$5,993,469$4,834,050$8,767,045
84$13,118,208$6,201,378$4,910,220$9,370,309
85$14,367,793$6,416,773$4,986,239$10,027,118
86$15,742,048$6,639,935$5,062,019$10,742,719
87$17,253,603$6,871,158$5,137,463$11,522,883
88$18,916,371$7,110,745$5,212,468$12,373,969
89$20,745,683$7,359,014$5,286,928$13,302,973
90$22,758,430$7,616,293$5,360,727$14,317,602
91$24,973,223$7,882,924$5,433,744$15,426,341
92$27,410,567$8,159,263$5,505,850$16,638,534
93$30,093,058$8,445,680$5,576,910$17,964,470
94$33,045,592$8,742,560$5,646,778$19,415,482
95$36,295,599$9,050,302$5,715,302$21,004,049
96$39,873,308$9,369,324$5,782,322$22,743,919
97$43,812,022$9,700,058$5,847,667$24,650,230
98$48,148,442$10,042,955$5,911,157$26,739,659
99$52,923,006$10,398,483$5,972,604$29,030,575
100$58,180,274$10,767,129$6,031,807$31,543,211