Can I retire at age 71 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%12.5%
1 years$313,800$311,005$308,278$305,616$303,017$299,853
2 years$155,347$152,454$149,650$146,931$144,294$141,107
3 years$102,536$99,630$96,833$94,140$91,546$88,436
4 years$76,135$73,239$70,470$67,823$65,291$62,282
5 years$60,299$57,420$54,687$52,094$49,633$46,733
6 years$49,745$46,888$44,196$41,660$39,273$36,486
7 years$42,210$39,376$36,727$34,251$31,940$29,267
8 years$36,561$33,753$31,147$28,732$26,497$23,938
9 years$32,169$29,388$26,827$24,474$22,314$19,868
10 years$28,658$25,904$23,388$21,097$19,013$16,678
11 years$25,787$23,061$20,591$18,360$16,352$14,127
12 years$23,397$20,698$18,274$16,104$14,170$12,052
13 years$21,376$18,705$16,326$14,218$12,357$10,344
14 years$19,645$17,002$14,669$12,621$10,832$8,921
15 years$18,146$15,532$13,244$11,256$9,537$7,725
16 years$16,835$14,250$12,008$10,078$8,429$6,713
17 years$15,681$13,124$10,927$9,055$7,474$5,851
18 years$14,655$12,127$9,975$8,161$6,645$5,112
19 years$13,739$11,239$9,131$7,374$5,923$4,476
20 years$12,915$10,444$8,380$6,678$5,291$3,927
21 years$12,171$9,728$7,708$6,061$4,734$3,450
22 years$11,495$9,081$7,104$5,511$4,244$3,036
23 years$10,879$8,493$6,560$5,019$3,809$2,675
24 years$10,315$7,958$6,067$4,578$3,424$2,359
25 years$9,797$7,468$5,619$4,180$3,081$2,082
26 years$9,320$7,019$5,211$3,822$2,775$1,839
27 years$8,878$6,605$4,839$3,499$2,502$1,626
28 years$8,469$6,224$4,499$3,206$2,258$1,438
29 years$8,089$5,872$4,186$2,940$2,039$1,273
30 years$7,735$5,545$3,899$2,698$1,842$1,127
31 years$7,405$5,242$3,635$2,478$1,665$999
32 years$7,095$4,960$3,392$2,277$1,507$885
33 years$6,805$4,697$3,167$2,094$1,363$785
34 years$6,533$4,452$2,959$1,927$1,234$696
35 years$6,277$4,223$2,766$1,774$1,118$617
36 years$6,035$4,008$2,588$1,633$1,013$548
37 years$5,807$3,807$2,422$1,505$918$486
38 years$5,592$3,618$2,268$1,387$832$432
39 years$5,388$3,440$2,125$1,279$755$383
40 years$5,195$3,273$1,992$1,180$685$340
41 years$5,012$3,115$1,868$1,088$621$302
42 years$4,838$2,967$1,752$1,005$564$268
43 years$4,672$2,827$1,644$927$512$238
44 years$4,515$2,695$1,543$856$464$212
45 years$4,365$2,570$1,449$791$421$188
46 years$4,222$2,451$1,361$730$383$167
47 years$4,085$2,339$1,279$675$348$148
48 years$3,954$2,233$1,202$624$316$132
49 years$3,830$2,133$1,129$576$287$117
50 years$3,710$2,037$1,062$533$260$104

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 $4,668 every year, while hoping to spend $20,084 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: 64/31/5 Blend
70$3,800,000$3,800,000$3,800,000$3,800,000
71$4,192,415$3,991,015$3,932,115$4,457,461
72$4,598,672$4,165,206$4,042,472$4,808,485
73$5,045,694$4,347,258$4,155,852$5,188,877
74$5,537,619$4,537,537$4,272,336$5,603,774
75$6,079,003$4,736,424$4,392,007$6,056,520
76$6,674,869$4,944,317$4,514,947$6,550,791
77$7,330,752$5,161,635$4,641,244$7,090,631
78$8,052,749$5,388,815$4,770,986$7,680,487
79$8,847,579$5,626,316$4,904,264$8,325,251
80$9,722,645$5,874,619$5,041,170$9,030,307
81$10,686,106$6,134,226$5,181,800$9,801,576
82$11,746,949$6,405,663$5,326,250$10,645,574
83$12,915,080$6,689,484$5,474,622$11,569,471
84$14,201,415$6,986,264$5,627,018$12,581,160
85$15,617,978$7,296,610$5,783,543$13,689,324
86$17,178,024$7,621,156$5,944,303$14,903,522
87$18,896,155$7,960,565$6,109,410$16,234,275
88$20,788,464$8,315,534$6,278,976$17,693,165
89$22,872,682$8,686,790$6,453,117$19,292,941
90$25,168,350$9,075,098$6,631,951$21,047,639
91$27,697,001$9,481,256$6,815,600$22,972,711
92$30,482,360$9,906,103$7,004,188$25,085,170
93$33,550,574$10,350,515$7,197,841$27,403,748
94$36,930,454$10,815,413$7,396,691$29,949,072
95$40,653,751$11,301,758$7,600,871$32,743,854
96$44,755,451$11,810,561$7,810,517$35,813,104
97$49,274,107$12,342,879$8,025,769$39,184,366
98$54,252,204$12,899,818$8,246,770$42,887,969
99$59,736,559$13,482,540$8,473,668$46,957,320
100$65,778,763$14,092,260$8,706,611$51,429,205