Can I retire at age 56 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%16.7%
1 years$313,800$311,005$308,278$305,616$303,017$294,736
2 years$155,347$152,454$149,650$146,931$144,294$136,011
3 years$102,536$99,630$96,833$94,140$91,546$83,521
4 years$76,135$73,239$70,470$67,823$65,291$57,586
5 years$60,299$57,420$54,687$52,094$49,633$42,268
6 years$49,745$46,888$44,196$41,660$39,273$32,256
7 years$42,210$39,376$36,727$34,251$31,940$25,270
8 years$36,561$33,753$31,147$28,732$26,497$20,172
9 years$32,169$29,388$26,827$24,474$22,314$16,328
10 years$28,658$25,904$23,388$21,097$19,013$13,357
11 years$25,787$23,061$20,591$18,360$16,352$11,018
12 years$23,397$20,698$18,274$16,104$14,170$9,148
13 years$21,376$18,705$16,326$14,218$12,357$7,636
14 years$19,645$17,002$14,669$12,621$10,832$6,401
15 years$18,146$15,532$13,244$11,256$9,537$5,385
16 years$16,835$14,250$12,008$10,078$8,429$4,543
17 years$15,681$13,124$10,927$9,055$7,474$3,842
18 years$14,655$12,127$9,975$8,161$6,645$3,256
19 years$13,739$11,239$9,131$7,374$5,923$2,764
20 years$12,915$10,444$8,380$6,678$5,291$2,350
21 years$12,171$9,728$7,708$6,061$4,734$2,000
22 years$11,495$9,081$7,104$5,511$4,244$1,704
23 years$10,879$8,493$6,560$5,019$3,809$1,453
24 years$10,315$7,958$6,067$4,578$3,424$1,240
25 years$9,797$7,468$5,619$4,180$3,081$1,058
26 years$9,320$7,019$5,211$3,822$2,775$904
27 years$8,878$6,605$4,839$3,499$2,502$773
28 years$8,469$6,224$4,499$3,206$2,258$661
29 years$8,089$5,872$4,186$2,940$2,039$565
30 years$7,735$5,545$3,899$2,698$1,842$483
31 years$7,405$5,242$3,635$2,478$1,665$414
32 years$7,095$4,960$3,392$2,277$1,507$354
33 years$6,805$4,697$3,167$2,094$1,363$303
34 years$6,533$4,452$2,959$1,927$1,234$259
35 years$6,277$4,223$2,766$1,774$1,118$222
36 years$6,035$4,008$2,588$1,633$1,013$190
37 years$5,807$3,807$2,422$1,505$918$163
38 years$5,592$3,618$2,268$1,387$832$140
39 years$5,388$3,440$2,125$1,279$755$120
40 years$5,195$3,273$1,992$1,180$685$102
41 years$5,012$3,115$1,868$1,088$621$88
42 years$4,838$2,967$1,752$1,005$564$75
43 years$4,672$2,827$1,644$927$512$64
44 years$4,515$2,695$1,543$856$464$55
45 years$4,365$2,570$1,449$791$421$47
46 years$4,222$2,451$1,361$730$383$40
47 years$4,085$2,339$1,279$675$348$35
48 years$3,954$2,233$1,202$624$316$30
49 years$3,830$2,133$1,129$576$287$25
50 years$3,710$2,037$1,062$533$260$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $3,800,000, adding $5,610 every year, while hoping to spend $24,229 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: 49/38/13 Blend
55$3,800,000$3,800,000$3,800,000$3,800,000
56$4,193,387$3,991,987$3,933,087$4,383,638
57$4,595,333$4,161,815$4,039,066$4,684,920
58$5,037,465$4,339,152$4,147,783$5,009,019
59$5,523,857$4,524,341$4,259,304$5,360,525
60$6,058,998$4,717,741$4,373,698$5,742,016
61$6,647,831$4,919,726$4,491,032$6,156,319
62$7,295,806$5,130,689$4,611,378$6,606,542
63$8,008,926$5,351,040$4,734,807$7,096,102
64$8,793,807$5,581,211$4,861,393$7,628,751
65$9,657,736$5,821,651$4,991,211$8,208,615
66$10,608,745$6,072,833$5,124,337$8,840,229
67$11,655,684$6,335,248$5,260,849$9,528,579
68$12,808,303$6,609,415$5,400,827$10,279,146
69$14,077,347$6,895,873$5,544,351$11,097,959
70$15,474,655$7,195,190$5,691,506$11,991,648
71$17,013,274$7,507,958$5,842,375$12,967,505
72$18,707,578$7,834,798$5,997,045$14,033,553
73$20,573,408$8,176,360$6,155,603$15,198,614
74$22,628,219$8,533,325$6,318,139$16,472,399
75$24,891,244$8,906,405$6,484,744$17,865,590
76$27,383,679$9,296,347$6,655,511$19,389,941
77$30,128,879$9,703,932$6,830,535$21,058,387
78$33,152,579$10,129,979$7,009,912$22,885,166
79$36,483,139$10,575,345$7,193,741$24,885,945
80$40,151,809$11,040,927$7,382,122$27,077,972
81$44,193,027$11,527,666$7,575,156$29,480,228
82$48,644,739$12,036,545$7,772,947$32,113,612
83$53,548,763$12,568,596$7,975,601$35,001,129
84$58,951,178$13,124,899$8,183,225$38,168,107
85$64,902,764$13,706,584$8,395,929$41,642,430
86$71,459,476$14,314,837$8,613,823$45,454,802
87$78,682,977$14,950,899$8,837,020$49,639,028
88$86,641,216$15,616,068$9,065,635$54,232,333
89$95,409,071$16,311,706$9,299,785$59,275,709
90$105,069,057$17,039,240$9,539,589$64,814,297
91$115,712,101$17,800,164$9,785,165$70,897,806
92$127,438,405$18,596,042$10,036,638$77,580,985
93$140,358,388$19,428,513$10,294,131$84,924,128
94$154,593,729$20,299,295$10,557,769$92,993,641
95$170,278,516$21,210,187$10,827,681$101,862,663
96$187,560,513$22,163,075$11,103,997$111,611,752
97$206,602,551$23,159,931$11,386,847$122,329,640
98$227,584,069$24,202,826$11,676,364$134,114,062
99$250,702,807$25,293,927$11,972,685$147,072,676
100$276,176,668$26,435,504$12,275,944$161,324,069