Can I retire at age 72 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%12.6%
1 years$313,800$311,005$308,278$305,616$303,017$299,728
2 years$155,347$152,454$149,650$146,931$144,294$140,982
3 years$102,536$99,630$96,833$94,140$91,546$88,314
4 years$76,135$73,239$70,470$67,823$65,291$62,165
5 years$60,299$57,420$54,687$52,094$49,633$46,621
6 years$49,745$46,888$44,196$41,660$39,273$36,379
7 years$42,210$39,376$36,727$34,251$31,940$29,164
8 years$36,561$33,753$31,147$28,732$26,497$23,841
9 years$32,169$29,388$26,827$24,474$22,314$19,776
10 years$28,658$25,904$23,388$21,097$19,013$16,591
11 years$25,787$23,061$20,591$18,360$16,352$14,044
12 years$23,397$20,698$18,274$16,104$14,170$11,974
13 years$21,376$18,705$16,326$14,218$12,357$10,270
14 years$19,645$17,002$14,669$12,621$10,832$8,851
15 years$18,146$15,532$13,244$11,256$9,537$7,660
16 years$16,835$14,250$12,008$10,078$8,429$6,652
17 years$15,681$13,124$10,927$9,055$7,474$5,793
18 years$14,655$12,127$9,975$8,161$6,645$5,058
19 years$13,739$11,239$9,131$7,374$5,923$4,426
20 years$12,915$10,444$8,380$6,678$5,291$3,880
21 years$12,171$9,728$7,708$6,061$4,734$3,406
22 years$11,495$9,081$7,104$5,511$4,244$2,995
23 years$10,879$8,493$6,560$5,019$3,809$2,636
24 years$10,315$7,958$6,067$4,578$3,424$2,323
25 years$9,797$7,468$5,619$4,180$3,081$2,049
26 years$9,320$7,019$5,211$3,822$2,775$1,809
27 years$8,878$6,605$4,839$3,499$2,502$1,598
28 years$8,469$6,224$4,499$3,206$2,258$1,412
29 years$8,089$5,872$4,186$2,940$2,039$1,249
30 years$7,735$5,545$3,899$2,698$1,842$1,105
31 years$7,405$5,242$3,635$2,478$1,665$978
32 years$7,095$4,960$3,392$2,277$1,507$866
33 years$6,805$4,697$3,167$2,094$1,363$767
34 years$6,533$4,452$2,959$1,927$1,234$680
35 years$6,277$4,223$2,766$1,774$1,118$603
36 years$6,035$4,008$2,588$1,633$1,013$534
37 years$5,807$3,807$2,422$1,505$918$474
38 years$5,592$3,618$2,268$1,387$832$420
39 years$5,388$3,440$2,125$1,279$755$373
40 years$5,195$3,273$1,992$1,180$685$331
41 years$5,012$3,115$1,868$1,088$621$293
42 years$4,838$2,967$1,752$1,005$564$260
43 years$4,672$2,827$1,644$927$512$231
44 years$4,515$2,695$1,543$856$464$205
45 years$4,365$2,570$1,449$791$421$182
46 years$4,222$2,451$1,361$730$383$162
47 years$4,085$2,339$1,279$675$348$143
48 years$3,954$2,233$1,202$624$316$127
49 years$3,830$2,133$1,129$576$287$113
50 years$3,710$2,037$1,062$533$260$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $3,800,000, adding $5,436 every year, while hoping to spend $50,824 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: 60/23/17 Blend
71$3,800,000$3,800,000$3,800,000$3,800,000
72$4,193,207$3,991,807$3,932,907$4,426,206
73$4,566,838$4,133,329$4,010,583$4,725,708
74$4,976,876$4,280,083$4,089,158$5,046,170
75$5,426,980$4,432,270$4,168,608$5,394,594
76$5,921,183$4,590,102$4,248,907$5,773,691
77$6,463,925$4,753,798$4,330,027$6,186,445
78$7,060,098$4,923,587$4,411,936$6,636,142
79$7,715,092$5,099,707$4,494,599$7,126,395
80$8,434,843$5,282,405$4,577,980$7,661,184
81$9,225,893$5,471,938$4,662,038$8,244,889
82$10,095,446$5,668,575$4,746,729$8,882,331
83$11,051,443$5,872,596$4,832,005$9,578,818
84$12,102,628$6,084,291$4,917,815$10,340,195
85$13,258,637$6,303,963$5,004,104$11,172,897
86$14,530,089$6,531,928$5,090,811$12,084,009
87$15,928,679$6,768,513$5,177,875$13,081,334
88$17,467,296$7,014,062$5,265,225$14,173,463
89$19,160,139$7,268,930$5,352,789$15,369,860
90$21,022,855$7,533,489$5,440,489$16,680,945
91$23,072,681$7,808,125$5,528,241$18,118,194
92$25,328,613$8,093,242$5,615,955$19,694,250
93$27,811,579$8,389,259$5,703,537$21,423,035
94$30,544,641$8,696,613$5,790,886$23,319,885
95$33,553,207$9,015,760$5,877,894$25,401,692
96$36,865,277$9,347,175$5,964,446$27,687,064
97$40,511,702$9,691,353$6,050,422$30,196,497
98$44,526,477$10,048,811$6,135,692$32,952,572
99$48,947,060$10,420,085$6,220,121$35,980,161
100$53,814,727$10,805,736$6,303,562$39,306,667