Can I retire at age 80 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%12.2%
1 years$313,800$311,005$308,278$305,616$303,017$300,228
2 years$155,347$152,454$149,650$146,931$144,294$141,483
3 years$102,536$99,630$96,833$94,140$91,546$88,802
4 years$76,135$73,239$70,470$67,823$65,291$62,634
5 years$60,299$57,420$54,687$52,094$49,633$47,071
6 years$49,745$46,888$44,196$41,660$39,273$36,809
7 years$42,210$39,376$36,727$34,251$31,940$29,575
8 years$36,561$33,753$31,147$28,732$26,497$24,232
9 years$32,169$29,388$26,827$24,474$22,314$20,148
10 years$28,658$25,904$23,388$21,097$19,013$16,944
11 years$25,787$23,061$20,591$18,360$16,352$14,378
12 years$23,397$20,698$18,274$16,104$14,170$12,290
13 years$21,376$18,705$16,326$14,218$12,357$10,568
14 years$19,645$17,002$14,669$12,621$10,832$9,132
15 years$18,146$15,532$13,244$11,256$9,537$7,925
16 years$16,835$14,250$12,008$10,078$8,429$6,901
17 years$15,681$13,124$10,927$9,055$7,474$6,027
18 years$14,655$12,127$9,975$8,161$6,645$5,277
19 years$13,739$11,239$9,131$7,374$5,923$4,631
20 years$12,915$10,444$8,380$6,678$5,291$4,071
21 years$12,171$9,728$7,708$6,061$4,734$3,585
22 years$11,495$9,081$7,104$5,511$4,244$3,162
23 years$10,879$8,493$6,560$5,019$3,809$2,792
24 years$10,315$7,958$6,067$4,578$3,424$2,468
25 years$9,797$7,468$5,619$4,180$3,081$2,183
26 years$9,320$7,019$5,211$3,822$2,775$1,933
27 years$8,878$6,605$4,839$3,499$2,502$1,713
28 years$8,469$6,224$4,499$3,206$2,258$1,519
29 years$8,089$5,872$4,186$2,940$2,039$1,348
30 years$7,735$5,545$3,899$2,698$1,842$1,197
31 years$7,405$5,242$3,635$2,478$1,665$1,063
32 years$7,095$4,960$3,392$2,277$1,507$944
33 years$6,805$4,697$3,167$2,094$1,363$839
34 years$6,533$4,452$2,959$1,927$1,234$746
35 years$6,277$4,223$2,766$1,774$1,118$664
36 years$6,035$4,008$2,588$1,633$1,013$590
37 years$5,807$3,807$2,422$1,505$918$525
38 years$5,592$3,618$2,268$1,387$832$467
39 years$5,388$3,440$2,125$1,279$755$416
40 years$5,195$3,273$1,992$1,180$685$370
41 years$5,012$3,115$1,868$1,088$621$330
42 years$4,838$2,967$1,752$1,005$564$293
43 years$4,672$2,827$1,644$927$512$261
44 years$4,515$2,695$1,543$856$464$233
45 years$4,365$2,570$1,449$791$421$207
46 years$4,222$2,451$1,361$730$383$185
47 years$4,085$2,339$1,279$675$348$164
48 years$3,954$2,233$1,202$624$316$147
49 years$3,830$2,133$1,129$576$287$131
50 years$3,710$2,037$1,062$533$260$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $3,800,000, adding $3,475 every year, while hoping to spend $48,768 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: 30/40/30 Blend
79$3,800,000$3,800,000$3,800,000$3,800,000
80$4,191,184$3,989,784$3,930,884$4,278,274
81$4,566,797$4,133,395$4,010,680$4,490,793
82$4,979,086$4,282,408$4,091,515$4,714,783
83$5,431,744$4,437,037$4,173,371$4,954,795
84$5,928,834$4,597,503$4,256,231$5,212,260
85$6,474,832$4,764,039$4,340,072$5,488,749
86$7,074,673$4,936,884$4,424,872$5,785,986
87$7,733,788$5,116,290$4,510,604$6,105,864
88$8,458,164$5,302,518$4,597,239$6,450,464
89$9,254,396$5,495,841$4,684,746$6,822,070
90$10,129,749$5,696,542$4,773,089$7,223,193
91$11,092,227$5,904,916$4,862,232$7,656,591
92$12,150,649$6,121,271$4,952,131$8,125,296
93$13,314,731$6,345,929$5,042,743$8,632,640
94$14,595,178$6,579,224$5,134,019$9,182,290
95$16,003,784$6,821,504$5,225,907$9,778,273
96$17,553,545$7,073,133$5,318,350$10,425,021
97$19,258,779$7,334,489$5,411,287$11,127,408
98$21,135,262$7,605,966$5,504,653$11,890,795
99$23,200,377$7,887,977$5,598,377$12,721,080
100$25,473,277$8,180,949$5,692,384$13,624,751