Can I retire at age 66 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%12.3%
1 years$313,800$311,005$308,278$305,616$303,017$300,103
2 years$155,347$152,454$149,650$146,931$144,294$141,358
3 years$102,536$99,630$96,833$94,140$91,546$88,679
4 years$76,135$73,239$70,470$67,823$65,291$62,516
5 years$60,299$57,420$54,687$52,094$49,633$46,958
6 years$49,745$46,888$44,196$41,660$39,273$36,701
7 years$42,210$39,376$36,727$34,251$31,940$29,472
8 years$36,561$33,753$31,147$28,732$26,497$24,133
9 years$32,169$29,388$26,827$24,474$22,314$20,054
10 years$28,658$25,904$23,388$21,097$19,013$16,855
11 years$25,787$23,061$20,591$18,360$16,352$14,294
12 years$23,397$20,698$18,274$16,104$14,170$12,210
13 years$21,376$18,705$16,326$14,218$12,357$10,493
14 years$19,645$17,002$14,669$12,621$10,832$9,061
15 years$18,146$15,532$13,244$11,256$9,537$7,858
16 years$16,835$14,250$12,008$10,078$8,429$6,838
17 years$15,681$13,124$10,927$9,055$7,474$5,968
18 years$14,655$12,127$9,975$8,161$6,645$5,222
19 years$13,739$11,239$9,131$7,374$5,923$4,579
20 years$12,915$10,444$8,380$6,678$5,291$4,023
21 years$12,171$9,728$7,708$6,061$4,734$3,540
22 years$11,495$9,081$7,104$5,511$4,244$3,119
23 years$10,879$8,493$6,560$5,019$3,809$2,752
24 years$10,315$7,958$6,067$4,578$3,424$2,431
25 years$9,797$7,468$5,619$4,180$3,081$2,149
26 years$9,320$7,019$5,211$3,822$2,775$1,902
27 years$8,878$6,605$4,839$3,499$2,502$1,684
28 years$8,469$6,224$4,499$3,206$2,258$1,492
29 years$8,089$5,872$4,186$2,940$2,039$1,323
30 years$7,735$5,545$3,899$2,698$1,842$1,173
31 years$7,405$5,242$3,635$2,478$1,665$1,041
32 years$7,095$4,960$3,392$2,277$1,507$924
33 years$6,805$4,697$3,167$2,094$1,363$821
34 years$6,533$4,452$2,959$1,927$1,234$729
35 years$6,277$4,223$2,766$1,774$1,118$648
36 years$6,035$4,008$2,588$1,633$1,013$576
37 years$5,807$3,807$2,422$1,505$918$512
38 years$5,592$3,618$2,268$1,387$832$455
39 years$5,388$3,440$2,125$1,279$755$405
40 years$5,195$3,273$1,992$1,180$685$360
41 years$5,012$3,115$1,868$1,088$621$320
42 years$4,838$2,967$1,752$1,005$564$285
43 years$4,672$2,827$1,644$927$512$253
44 years$4,515$2,695$1,543$856$464$225
45 years$4,365$2,570$1,449$791$421$201
46 years$4,222$2,451$1,361$730$383$179
47 years$4,085$2,339$1,279$675$348$159
48 years$3,954$2,233$1,202$624$316$141
49 years$3,830$2,133$1,129$576$287$126
50 years$3,710$2,037$1,062$533$260$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $3,800,000, adding $6,725 every year, while hoping to spend $49,805 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: 23/50/27 Blend
65$3,800,000$3,800,000$3,800,000$3,800,000
66$4,194,537$3,993,137$3,934,237$4,254,981
67$4,569,387$4,135,808$4,013,042$4,450,228
68$4,980,804$4,283,802$4,092,817$4,654,485
69$5,432,462$4,437,325$4,173,543$4,872,109
70$5,928,414$4,596,594$4,255,198$5,104,237
71$6,473,121$4,761,836$4,337,756$5,352,109
72$7,071,498$4,933,285$4,421,189$5,617,088
73$7,728,961$5,111,186$4,505,469$5,900,667
74$8,451,474$5,295,793$4,590,561$6,204,480
75$9,245,610$5,487,372$4,676,430$6,530,325
76$10,118,607$5,686,199$4,763,036$6,880,168
77$11,078,444$5,892,562$4,850,337$7,256,173
78$12,133,909$6,106,760$4,938,286$7,660,709
79$13,294,682$6,329,106$5,026,833$8,096,382
80$14,571,433$6,559,925$5,115,925$8,566,050
81$15,975,914$6,799,556$5,205,504$9,072,856
82$17,521,075$7,048,353$5,295,506$9,620,247
83$19,221,185$7,306,682$5,385,866$10,212,017
84$21,091,964$7,574,928$5,476,510$10,852,329
85$23,150,734$7,853,489$5,567,363$11,545,764
86$25,416,582$8,142,783$5,658,343$12,297,354
87$27,910,537$8,443,243$5,749,361$13,112,633
88$30,655,771$8,755,322$5,840,325$13,997,685
89$33,677,818$9,079,491$5,931,134$14,959,202
90$37,004,811$9,416,241$6,021,682$16,004,543
91$40,667,751$9,766,086$6,111,858$17,141,803
92$44,700,797$10,129,560$6,201,540$18,379,886
93$49,141,589$10,507,219$6,290,603$19,728,591
94$54,031,603$10,899,645$6,378,910$21,198,696
95$59,416,542$11,307,443$6,466,319$22,802,063
96$65,346,767$11,731,245$6,552,678$24,551,747
97$71,877,772$12,171,710$6,637,827$26,462,114
98$79,070,706$12,629,526$6,721,596$28,548,976
99$86,992,954$13,105,409$6,803,806$30,829,739
100$95,718,768$13,600,106$6,884,266$33,323,561