Can I retire at age 67 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%13.4%
1 years$313,800$311,005$308,278$305,616$303,017$298,736
2 years$155,347$152,454$149,650$146,931$144,294$139,989
3 years$102,536$99,630$96,833$94,140$91,546$87,351
4 years$76,135$73,239$70,470$67,823$65,291$61,239
5 years$60,299$57,420$54,687$52,094$49,633$45,735
6 years$49,745$46,888$44,196$41,660$39,273$35,533
7 years$42,210$39,376$36,727$34,251$31,940$28,360
8 years$36,561$33,753$31,147$28,732$26,497$23,077
9 years$32,169$29,388$26,827$24,474$22,314$19,052
10 years$28,658$25,904$23,388$21,097$19,013$15,906
11 years$25,787$23,061$20,591$18,360$16,352$13,398
12 years$23,397$20,698$18,274$16,104$14,170$11,365
13 years$21,376$18,705$16,326$14,218$12,357$9,697
14 years$19,645$17,002$14,669$12,621$10,832$8,313
15 years$18,146$15,532$13,244$11,256$9,537$7,155
16 years$16,835$14,250$12,008$10,078$8,429$6,179
17 years$15,681$13,124$10,927$9,055$7,474$5,351
18 years$14,655$12,127$9,975$8,161$6,645$4,646
19 years$13,739$11,239$9,131$7,374$5,923$4,041
20 years$12,915$10,444$8,380$6,678$5,291$3,522
21 years$12,171$9,728$7,708$6,061$4,734$3,074
22 years$11,495$9,081$7,104$5,511$4,244$2,686
23 years$10,879$8,493$6,560$5,019$3,809$2,350
24 years$10,315$7,958$6,067$4,578$3,424$2,058
25 years$9,797$7,468$5,619$4,180$3,081$1,804
26 years$9,320$7,019$5,211$3,822$2,775$1,582
27 years$8,878$6,605$4,839$3,499$2,502$1,389
28 years$8,469$6,224$4,499$3,206$2,258$1,220
29 years$8,089$5,872$4,186$2,940$2,039$1,072
30 years$7,735$5,545$3,899$2,698$1,842$942
31 years$7,405$5,242$3,635$2,478$1,665$828
32 years$7,095$4,960$3,392$2,277$1,507$729
33 years$6,805$4,697$3,167$2,094$1,363$641
34 years$6,533$4,452$2,959$1,927$1,234$564
35 years$6,277$4,223$2,766$1,774$1,118$497
36 years$6,035$4,008$2,588$1,633$1,013$438
37 years$5,807$3,807$2,422$1,505$918$385
38 years$5,592$3,618$2,268$1,387$832$339
39 years$5,388$3,440$2,125$1,279$755$299
40 years$5,195$3,273$1,992$1,180$685$263
41 years$5,012$3,115$1,868$1,088$621$232
42 years$4,838$2,967$1,752$1,005$564$205
43 years$4,672$2,827$1,644$927$512$180
44 years$4,515$2,695$1,543$856$464$159
45 years$4,365$2,570$1,449$791$421$140
46 years$4,222$2,451$1,361$730$383$123
47 years$4,085$2,339$1,279$675$348$109
48 years$3,954$2,233$1,202$624$316$96
49 years$3,830$2,133$1,129$576$287$85
50 years$3,710$2,037$1,062$533$260$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $3,800,000, adding $2,718 every year, while hoping to spend $31,683 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: 53/41/6 Blend
66$3,800,000$3,800,000$3,800,000$3,800,000
67$4,190,404$3,989,004$3,930,104$4,406,570
68$4,584,114$4,150,754$4,028,052$4,714,943
69$5,016,922$4,319,369$4,128,219$5,046,540
70$5,492,780$4,495,150$4,230,647$5,406,506
71$6,016,046$4,678,415$4,335,376$5,797,526
72$6,591,520$4,869,495$4,442,448$6,222,547
73$7,224,490$5,068,735$4,551,905$6,684,809
74$7,920,783$5,276,498$4,663,789$7,187,875
75$8,686,818$5,493,162$4,778,141$7,735,660
76$9,529,670$5,719,123$4,895,006$8,332,467
77$10,457,132$5,954,796$5,014,424$8,983,029
78$11,477,792$6,200,613$5,136,439$9,692,552
79$12,601,110$6,457,027$5,261,094$10,466,759
80$13,837,514$6,724,511$5,388,431$11,311,945
81$15,198,490$7,003,562$5,518,493$12,235,036
82$16,696,696$7,294,697$5,651,322$13,243,650
83$18,346,080$7,598,458$5,786,963$14,346,170
84$20,162,011$7,915,413$5,925,456$15,551,818
85$22,161,422$8,246,154$6,066,845$16,870,743
86$24,362,974$8,591,303$6,211,172$18,314,114
87$26,787,229$8,951,508$6,358,477$19,894,220
88$29,456,843$9,327,449$6,508,803$21,624,591
89$32,396,783$9,719,837$6,662,191$23,520,117
90$35,634,561$10,129,414$6,818,680$25,597,187
91$39,200,491$10,556,961$6,978,311$27,873,847
92$43,127,979$11,003,290$7,141,122$30,369,958
93$47,453,836$11,469,253$7,307,152$33,107,390
94$52,218,624$11,955,744$7,476,439$36,110,220
95$57,467,042$12,463,694$7,649,018$39,404,958
96$63,248,346$12,994,080$7,824,925$43,020,795
97$69,616,812$13,547,925$8,004,195$46,989,873
98$76,632,251$14,126,298$8,186,860$51,347,589
99$84,360,573$14,730,318$8,372,952$56,132,920
100$92,874,406$15,361,158$8,562,500$61,388,793