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%12.8%
1 years$313,800$311,005$308,278$305,616$303,017$299,479
2 years$155,347$152,454$149,650$146,931$144,294$140,733
3 years$102,536$99,630$96,833$94,140$91,546$88,072
4 years$76,135$73,239$70,470$67,823$65,291$61,932
5 years$60,299$57,420$54,687$52,094$49,633$46,398
6 years$49,745$46,888$44,196$41,660$39,273$36,166
7 years$42,210$39,376$36,727$34,251$31,940$28,961
8 years$36,561$33,753$31,147$28,732$26,497$23,647
9 years$32,169$29,388$26,827$24,474$22,314$19,593
10 years$28,658$25,904$23,388$21,097$19,013$16,417
11 years$25,787$23,061$20,591$18,360$16,352$13,880
12 years$23,397$20,698$18,274$16,104$14,170$11,819
13 years$21,376$18,705$16,326$14,218$12,357$10,124
14 years$19,645$17,002$14,669$12,621$10,832$8,714
15 years$18,146$15,532$13,244$11,256$9,537$7,531
16 years$16,835$14,250$12,008$10,078$8,429$6,531
17 years$15,681$13,124$10,927$9,055$7,474$5,680
18 years$14,655$12,127$9,975$8,161$6,645$4,952
19 years$13,739$11,239$9,131$7,374$5,923$4,327
20 years$12,915$10,444$8,380$6,678$5,291$3,787
21 years$12,171$9,728$7,708$6,061$4,734$3,320
22 years$11,495$9,081$7,104$5,511$4,244$2,915
23 years$10,879$8,493$6,560$5,019$3,809$2,562
24 years$10,315$7,958$6,067$4,578$3,424$2,254
25 years$9,797$7,468$5,619$4,180$3,081$1,985
26 years$9,320$7,019$5,211$3,822$2,775$1,750
27 years$8,878$6,605$4,839$3,499$2,502$1,543
28 years$8,469$6,224$4,499$3,206$2,258$1,362
29 years$8,089$5,872$4,186$2,940$2,039$1,202
30 years$7,735$5,545$3,899$2,698$1,842$1,062
31 years$7,405$5,242$3,635$2,478$1,665$939
32 years$7,095$4,960$3,392$2,277$1,507$830
33 years$6,805$4,697$3,167$2,094$1,363$734
34 years$6,533$4,452$2,959$1,927$1,234$649
35 years$6,277$4,223$2,766$1,774$1,118$574
36 years$6,035$4,008$2,588$1,633$1,013$508
37 years$5,807$3,807$2,422$1,505$918$450
38 years$5,592$3,618$2,268$1,387$832$398
39 years$5,388$3,440$2,125$1,279$755$353
40 years$5,195$3,273$1,992$1,180$685$312
41 years$5,012$3,115$1,868$1,088$621$277
42 years$4,838$2,967$1,752$1,005$564$245
43 years$4,672$2,827$1,644$927$512$217
44 years$4,515$2,695$1,543$856$464$192
45 years$4,365$2,570$1,449$791$421$170
46 years$4,222$2,451$1,361$730$383$151
47 years$4,085$2,339$1,279$675$348$134
48 years$3,954$2,233$1,202$624$316$119
49 years$3,830$2,133$1,129$576$287$105
50 years$3,710$2,037$1,062$533$260$93

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 $4,013 every year, while hoping to spend $49,573 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: 58/33/9 Blend
70$3,800,000$3,800,000$3,800,000$3,800,000
71$4,191,739$3,990,339$3,931,439$4,425,886
72$4,566,552$4,133,121$4,010,397$4,726,679
73$4,977,933$4,281,237$4,090,339$5,048,457
74$5,429,562$4,434,897$4,171,245$5,397,972
75$5,925,489$4,594,319$4,253,093$5,777,887
76$6,470,177$4,759,728$4,335,860$6,191,131
77$7,068,542$4,931,362$4,419,518$6,640,926
78$7,726,000$5,109,466$4,504,039$7,130,815
79$8,448,518$5,294,296$4,589,390$7,664,697
80$9,242,668$5,486,117$4,675,536$8,246,864
81$10,115,692$5,685,209$4,762,439$8,882,036
82$11,075,568$5,891,860$4,850,056$9,575,408
83$12,131,087$6,106,371$4,938,343$10,332,700
84$13,291,930$6,329,057$5,027,251$11,160,205
85$14,568,770$6,560,243$5,116,726$12,064,851
86$15,973,360$6,800,271$5,206,712$13,054,264
87$17,518,654$7,049,495$5,297,148$14,136,841
88$19,218,922$7,308,286$5,387,968$15,321,825
89$21,089,888$7,577,028$5,479,101$16,619,393
90$23,148,879$7,856,124$5,570,473$18,040,751
91$25,414,982$8,145,992$5,662,001$19,598,238
92$27,909,233$8,447,068$5,753,601$21,305,442
93$30,654,808$8,759,808$5,845,180$23,177,325
94$33,677,245$9,084,685$5,936,640$25,230,365
95$37,004,683$9,422,194$6,027,877$27,482,710
96$40,668,130$9,772,850$6,118,780$29,954,346
97$44,701,750$10,137,191$6,209,230$32,667,286
98$49,143,192$10,515,777$6,299,103$35,645,776
99$54,033,940$10,909,192$6,388,265$38,916,520
100$59,419,706$11,318,046$6,476,576$42,508,934