Can I retire at age 63 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%11.4%
1 years$313,800$311,005$308,278$305,616$303,017$301,234
2 years$155,347$152,454$149,650$146,931$144,294$142,495
3 years$102,536$99,630$96,833$94,140$91,546$89,787
4 years$76,135$73,239$70,470$67,823$65,291$63,585
5 years$60,299$57,420$54,687$52,094$49,633$47,986
6 years$49,745$46,888$44,196$41,660$39,273$37,686
7 years$42,210$39,376$36,727$34,251$31,940$30,414
8 years$36,561$33,753$31,147$28,732$26,497$25,033
9 years$32,169$29,388$26,827$24,474$22,314$20,911
10 years$28,658$25,904$23,388$21,097$19,013$17,670
11 years$25,787$23,061$20,591$18,360$16,352$15,069
12 years$23,397$20,698$18,274$16,104$14,170$12,945
13 years$21,376$18,705$16,326$14,218$12,357$11,189
14 years$19,645$17,002$14,669$12,621$10,832$9,720
15 years$18,146$15,532$13,244$11,256$9,537$8,480
16 years$16,835$14,250$12,008$10,078$8,429$7,424
17 years$15,681$13,124$10,927$9,055$7,474$6,520
18 years$14,655$12,127$9,975$8,161$6,645$5,741
19 years$13,739$11,239$9,131$7,374$5,923$5,067
20 years$12,915$10,444$8,380$6,678$5,291$4,481
21 years$12,171$9,728$7,708$6,061$4,734$3,969
22 years$11,495$9,081$7,104$5,511$4,244$3,522
23 years$10,879$8,493$6,560$5,019$3,809$3,128
24 years$10,315$7,958$6,067$4,578$3,424$2,782
25 years$9,797$7,468$5,619$4,180$3,081$2,477
26 years$9,320$7,019$5,211$3,822$2,775$2,207
27 years$8,878$6,605$4,839$3,499$2,502$1,968
28 years$8,469$6,224$4,499$3,206$2,258$1,757
29 years$8,089$5,872$4,186$2,940$2,039$1,569
30 years$7,735$5,545$3,899$2,698$1,842$1,402
31 years$7,405$5,242$3,635$2,478$1,665$1,253
32 years$7,095$4,960$3,392$2,277$1,507$1,121
33 years$6,805$4,697$3,167$2,094$1,363$1,003
34 years$6,533$4,452$2,959$1,927$1,234$897
35 years$6,277$4,223$2,766$1,774$1,118$803
36 years$6,035$4,008$2,588$1,633$1,013$719
37 years$5,807$3,807$2,422$1,505$918$644
38 years$5,592$3,618$2,268$1,387$832$577
39 years$5,388$3,440$2,125$1,279$755$517
40 years$5,195$3,273$1,992$1,180$685$464
41 years$5,012$3,115$1,868$1,088$621$416
42 years$4,838$2,967$1,752$1,005$564$373
43 years$4,672$2,827$1,644$927$512$334
44 years$4,515$2,695$1,543$856$464$300
45 years$4,365$2,570$1,449$791$421$269
46 years$4,222$2,451$1,361$730$383$241
47 years$4,085$2,339$1,279$675$348$216
48 years$3,954$2,233$1,202$624$316$194
49 years$3,830$2,133$1,129$576$287$174
50 years$3,710$2,037$1,062$533$260$156

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $3,800,000, adding $3,997 every year, while hoping to spend $47,319 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: 47/30/23 Blend
62$3,800,000$3,800,000$3,800,000$3,800,000
63$4,191,723$3,990,323$3,931,423$4,361,044
64$4,568,932$4,135,502$4,012,779$4,625,274
65$4,983,030$4,286,208$4,095,274$4,906,900
66$5,437,730$4,442,664$4,178,896$5,211,637
67$5,937,122$4,605,098$4,263,633$5,541,671
68$6,485,712$4,773,751$4,349,468$5,899,409
69$7,088,462$4,948,872$4,436,383$6,287,494
70$7,750,841$5,130,723$4,524,358$6,708,837
71$8,478,872$5,319,574$4,613,369$7,166,638
72$9,279,192$5,515,708$4,703,392$7,664,417
73$10,159,112$5,719,420$4,794,398$8,206,046
74$11,126,687$5,931,018$4,886,356$8,795,788
75$12,190,793$6,150,821$4,979,232$9,438,333
76$13,361,206$6,379,164$5,072,989$10,138,839
77$14,648,701$6,616,394$5,167,586$10,902,989
78$16,065,146$6,862,876$5,262,978$11,737,032
79$17,623,621$7,118,986$5,359,118$12,647,852
80$19,338,535$7,385,121$5,455,953$13,643,023
81$21,225,765$7,661,692$5,553,427$14,730,885
82$23,302,806$7,949,127$5,651,480$15,920,620
83$25,588,933$8,247,876$5,750,045$17,222,337
84$28,105,387$8,558,404$5,849,054$18,647,168
85$30,875,569$8,881,199$5,948,430$20,207,370
86$33,925,269$9,216,769$6,048,094$21,916,440
87$37,282,900$9,565,644$6,147,959$23,789,242
88$40,979,773$9,928,378$6,247,933$25,842,144
89$45,050,388$10,305,547$6,347,917$28,093,175
90$49,532,763$10,697,754$6,447,807$30,562,191
91$54,468,788$11,105,627$6,547,492$33,271,058
92$59,904,623$11,529,821$6,646,852$36,243,865
93$65,891,134$11,971,022$6,745,761$39,507,142
94$72,484,371$12,429,943$6,844,085$43,090,112
95$79,746,097$12,907,331$6,941,682$47,024,966
96$87,744,370$13,403,962$7,038,400$51,347,164
97$96,554,189$13,920,649$7,134,080$56,095,767
98$106,258,197$14,458,241$7,228,552$61,313,808
99$116,947,461$15,017,622$7,321,636$67,048,689
100$128,722,333$15,599,718$7,413,142$73,352,634