Can I retire at age 65 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%
1 years$313,800$311,005$308,278$305,616$303,017$300,478
2 years$155,347$152,454$149,650$146,931$144,294$141,735
3 years$102,536$99,630$96,833$94,140$91,546$89,046
4 years$76,135$73,239$70,470$67,823$65,291$62,870
5 years$60,299$57,420$54,687$52,094$49,633$47,298
6 years$49,745$46,888$44,196$41,660$39,273$37,027
7 years$42,210$39,376$36,727$34,251$31,940$29,783
8 years$36,561$33,753$31,147$28,732$26,497$24,430
9 years$32,169$29,388$26,827$24,474$22,314$20,336
10 years$28,658$25,904$23,388$21,097$19,013$17,123
11 years$25,787$23,061$20,591$18,360$16,352$14,548
12 years$23,397$20,698$18,274$16,104$14,170$12,451
13 years$21,376$18,705$16,326$14,218$12,357$10,720
14 years$19,645$17,002$14,669$12,621$10,832$9,276
15 years$18,146$15,532$13,244$11,256$9,537$8,060
16 years$16,835$14,250$12,008$10,078$8,429$7,028
17 years$15,681$13,124$10,927$9,055$7,474$6,147
18 years$14,655$12,127$9,975$8,161$6,645$5,390
19 years$13,739$11,239$9,131$7,374$5,923$4,736
20 years$12,915$10,444$8,380$6,678$5,291$4,170
21 years$12,171$9,728$7,708$6,061$4,734$3,678
22 years$11,495$9,081$7,104$5,511$4,244$3,248
23 years$10,879$8,493$6,560$5,019$3,809$2,873
24 years$10,315$7,958$6,067$4,578$3,424$2,543
25 years$9,797$7,468$5,619$4,180$3,081$2,254
26 years$9,320$7,019$5,211$3,822$2,775$1,999
27 years$8,878$6,605$4,839$3,499$2,502$1,774
28 years$8,469$6,224$4,499$3,206$2,258$1,576
29 years$8,089$5,872$4,186$2,940$2,039$1,400
30 years$7,735$5,545$3,899$2,698$1,842$1,245
31 years$7,405$5,242$3,635$2,478$1,665$1,108
32 years$7,095$4,960$3,392$2,277$1,507$986
33 years$6,805$4,697$3,167$2,094$1,363$877
34 years$6,533$4,452$2,959$1,927$1,234$781
35 years$6,277$4,223$2,766$1,774$1,118$696
36 years$6,035$4,008$2,588$1,633$1,013$620
37 years$5,807$3,807$2,422$1,505$918$553
38 years$5,592$3,618$2,268$1,387$832$493
39 years$5,388$3,440$2,125$1,279$755$439
40 years$5,195$3,273$1,992$1,180$685$392
41 years$5,012$3,115$1,868$1,088$621$349
42 years$4,838$2,967$1,752$1,005$564$312
43 years$4,672$2,827$1,644$927$512$278
44 years$4,515$2,695$1,543$856$464$248
45 years$4,365$2,570$1,449$791$421$221
46 years$4,222$2,451$1,361$730$383$197
47 years$4,085$2,339$1,279$675$348$176
48 years$3,954$2,233$1,202$624$316$157
49 years$3,830$2,133$1,129$576$287$140
50 years$3,710$2,037$1,062$533$260$125

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $3,800,000, adding $5,478 every year, while hoping to spend $23,413 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: 65/22/13 Blend
64$3,800,000$3,800,000$3,800,000$3,800,000
65$4,193,251$3,991,851$3,932,951$4,452,816
66$4,596,051$4,162,540$4,039,793$4,797,577
67$5,039,152$4,340,808$4,149,430$5,170,906
68$5,526,640$4,527,003$4,261,931$5,578,244
69$6,063,017$4,721,486$4,377,365$6,022,911
70$6,653,243$4,924,637$4,495,805$6,508,557
71$7,302,784$5,136,854$4,617,325$7,039,197
72$8,017,662$5,358,554$4,741,999$7,619,253
73$8,804,512$5,590,172$4,869,905$8,253,589
74$9,670,646$5,832,164$5,001,120$8,947,556
75$10,624,120$6,085,008$5,135,726$9,707,048
76$11,673,811$6,349,204$5,273,803$10,538,548
77$12,829,500$6,625,275$5,415,436$11,449,196
78$14,101,966$6,913,770$5,560,710$12,446,851
79$15,503,085$7,215,264$5,709,712$13,540,163
80$17,045,944$7,530,355$5,862,531$14,738,657
81$18,744,963$7,859,675$6,019,259$16,052,820
82$20,616,032$8,203,882$6,179,987$17,494,200
83$22,676,661$8,563,667$6,344,811$19,075,510
84$24,946,145$8,939,751$6,513,827$20,810,750
85$27,445,746$9,332,892$6,687,133$22,715,339
86$30,198,890$9,743,883$6,864,831$24,806,255
87$33,231,397$10,173,553$7,047,022$27,102,196
88$36,571,714$10,622,771$7,233,812$29,623,754
89$40,251,191$11,092,449$7,425,307$32,393,610
90$44,304,373$11,583,540$7,621,615$35,436,744
91$48,769,328$12,097,042$7,822,848$38,780,669
92$53,688,004$12,634,002$8,029,119$42,455,688
93$59,106,628$13,195,516$8,240,542$46,495,183
94$65,076,138$13,782,731$8,457,234$50,935,923
95$71,652,669$14,396,849$8,679,316$55,818,408
96$78,898,077$15,039,130$8,906,909$61,187,254
97$86,880,527$15,710,893$9,140,136$67,091,610
98$95,675,134$16,413,521$9,379,124$73,585,616
99$105,364,674$17,148,460$9,624,001$80,728,916
100$116,040,364$17,917,227$9,874,898$88,587,215