Can I retire at age 60 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%15.3%
1 years$313,800$311,005$308,278$305,616$303,017$296,415
2 years$155,347$152,454$149,650$146,931$144,294$137,675
3 years$102,536$99,630$96,833$94,140$91,546$85,118
4 years$76,135$73,239$70,470$67,823$65,291$59,103
5 years$60,299$57,420$54,687$52,094$49,633$43,703
6 years$49,745$46,888$44,196$41,660$39,273$33,606
7 years$42,210$39,376$36,727$34,251$31,940$26,537
8 years$36,561$33,753$31,147$28,732$26,497$21,357
9 years$32,169$29,388$26,827$24,474$22,314$17,434
10 years$28,658$25,904$23,388$21,097$19,013$14,387
11 years$25,787$23,061$20,591$18,360$16,352$11,974
12 years$23,397$20,698$18,274$16,104$14,170$10,033
13 years$21,376$18,705$16,326$14,218$12,357$8,454
14 years$19,645$17,002$14,669$12,621$10,832$7,155
15 years$18,146$15,532$13,244$11,256$9,537$6,078
16 years$16,835$14,250$12,008$10,078$8,429$5,180
17 years$15,681$13,124$10,927$9,055$7,474$4,425
18 years$14,655$12,127$9,975$8,161$6,645$3,789
19 years$13,739$11,239$9,131$7,374$5,923$3,250
20 years$12,915$10,444$8,380$6,678$5,291$2,792
21 years$12,171$9,728$7,708$6,061$4,734$2,402
22 years$11,495$9,081$7,104$5,511$4,244$2,069
23 years$10,879$8,493$6,560$5,019$3,809$1,783
24 years$10,315$7,958$6,067$4,578$3,424$1,539
25 years$9,797$7,468$5,619$4,180$3,081$1,329
26 years$9,320$7,019$5,211$3,822$2,775$1,148
27 years$8,878$6,605$4,839$3,499$2,502$992
28 years$8,469$6,224$4,499$3,206$2,258$858
29 years$8,089$5,872$4,186$2,940$2,039$742
30 years$7,735$5,545$3,899$2,698$1,842$642
31 years$7,405$5,242$3,635$2,478$1,665$556
32 years$7,095$4,960$3,392$2,277$1,507$482
33 years$6,805$4,697$3,167$2,094$1,363$417
34 years$6,533$4,452$2,959$1,927$1,234$361
35 years$6,277$4,223$2,766$1,774$1,118$313
36 years$6,035$4,008$2,588$1,633$1,013$271
37 years$5,807$3,807$2,422$1,505$918$235
38 years$5,592$3,618$2,268$1,387$832$204
39 years$5,388$3,440$2,125$1,279$755$177
40 years$5,195$3,273$1,992$1,180$685$153
41 years$5,012$3,115$1,868$1,088$621$133
42 years$4,838$2,967$1,752$1,005$564$115
43 years$4,672$2,827$1,644$927$512$100
44 years$4,515$2,695$1,543$856$464$86
45 years$4,365$2,570$1,449$791$421$75
46 years$4,222$2,451$1,361$730$383$65
47 years$4,085$2,339$1,279$675$348$56
48 years$3,954$2,233$1,202$624$316$49
49 years$3,830$2,133$1,129$576$287$42
50 years$3,710$2,037$1,062$533$260$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $3,800,000, adding $3,576 every year, while hoping to spend $39,355 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: 58/32/10 Blend
59$3,800,000$3,800,000$3,800,000$3,800,000
60$4,191,289$3,989,889$3,930,989$4,424,209
61$4,576,927$4,143,520$4,020,803$4,735,109
62$5,000,581$4,303,360$4,112,308$5,069,107
63$5,466,087$4,469,671$4,205,517$5,432,207
64$5,977,671$4,642,729$4,300,446$5,827,204
65$6,539,990$4,822,819$4,397,106$6,257,171
66$7,158,172$5,010,239$4,495,512$6,725,489
67$7,837,868$5,205,304$4,595,674$7,235,874
68$8,585,304$5,408,337$4,697,603$7,792,419
69$9,407,340$5,619,681$4,801,308$8,399,621
70$10,311,533$5,839,689$4,906,796$9,062,432
71$11,306,210$6,068,735$5,014,074$9,786,299
72$12,400,545$6,307,205$5,123,148$10,577,218
73$13,604,648$6,555,505$5,234,020$11,441,785
74$14,929,655$6,814,058$5,346,693$12,387,262
75$16,387,839$7,083,306$5,461,166$13,421,641
76$17,992,721$7,363,710$5,577,438$14,553,720
77$19,759,201$7,655,755$5,695,505$15,793,183
78$21,703,696$7,959,943$5,815,360$17,150,692
79$23,844,294$8,276,801$5,936,996$18,637,986
80$26,200,928$8,606,881$6,060,402$20,267,988
81$28,795,561$8,950,756$6,185,564$22,054,927
82$31,652,394$9,309,029$6,312,466$24,014,472
83$34,798,095$9,682,328$6,441,089$26,163,878
84$38,262,047$10,071,308$6,571,412$28,522,143
85$42,076,630$10,476,657$6,703,409$31,110,192
86$46,277,524$10,899,091$6,837,051$33,951,067
87$50,904,045$11,339,360$6,972,306$37,070,147
88$55,999,518$11,798,248$7,109,138$40,495,381
89$61,611,681$12,276,575$7,247,507$44,257,555
90$67,793,141$12,775,196$7,387,367$48,390,575
91$74,601,868$13,295,007$7,528,671$52,931,788
92$82,101,741$13,836,945$7,671,363$57,922,333
93$90,363,151$14,401,988$7,815,387$63,407,524
94$99,463,667$14,991,159$7,960,676$69,437,276
95$109,488,764$15,605,529$8,107,162$76,066,576
96$120,532,635$16,246,217$8,254,769$83,355,994
97$132,699,076$16,914,394$8,403,416$91,372,257
98$146,102,465$17,611,282$8,553,013$100,188,875
99$160,868,844$18,338,163$8,703,467$109,886,827
100$177,137,107$19,096,374$8,854,675$120,555,330