Can I retire at age 69 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%16.1%
1 years$313,800$311,005$308,278$305,616$303,017$295,452
2 years$155,347$152,454$149,650$146,931$144,294$136,720
3 years$102,536$99,630$96,833$94,140$91,546$84,200
4 years$76,135$73,239$70,470$67,823$65,291$58,230
5 years$60,299$57,420$54,687$52,094$49,633$42,877
6 years$49,745$46,888$44,196$41,660$39,273$32,827
7 years$42,210$39,376$36,727$34,251$31,940$25,806
8 years$36,561$33,753$31,147$28,732$26,497$20,672
9 years$32,169$29,388$26,827$24,474$22,314$16,793
10 years$28,658$25,904$23,388$21,097$19,013$13,789
11 years$25,787$23,061$20,591$18,360$16,352$11,418
12 years$23,397$20,698$18,274$16,104$14,170$9,518
13 years$21,376$18,705$16,326$14,218$12,357$7,977
14 years$19,645$17,002$14,669$12,621$10,832$6,714
15 years$18,146$15,532$13,244$11,256$9,537$5,672
16 years$16,835$14,250$12,008$10,078$8,429$4,806
17 years$15,681$13,124$10,927$9,055$7,474$4,082
18 years$14,655$12,127$9,975$8,161$6,645$3,475
19 years$13,739$11,239$9,131$7,374$5,923$2,963
20 years$12,915$10,444$8,380$6,678$5,291$2,530
21 years$12,171$9,728$7,708$6,061$4,734$2,163
22 years$11,495$9,081$7,104$5,511$4,244$1,852
23 years$10,879$8,493$6,560$5,019$3,809$1,586
24 years$10,315$7,958$6,067$4,578$3,424$1,360
25 years$9,797$7,468$5,619$4,180$3,081$1,167
26 years$9,320$7,019$5,211$3,822$2,775$1,002
27 years$8,878$6,605$4,839$3,499$2,502$860
28 years$8,469$6,224$4,499$3,206$2,258$739
29 years$8,089$5,872$4,186$2,940$2,039$635
30 years$7,735$5,545$3,899$2,698$1,842$546
31 years$7,405$5,242$3,635$2,478$1,665$470
32 years$7,095$4,960$3,392$2,277$1,507$404
33 years$6,805$4,697$3,167$2,094$1,363$348
34 years$6,533$4,452$2,959$1,927$1,234$299
35 years$6,277$4,223$2,766$1,774$1,118$257
36 years$6,035$4,008$2,588$1,633$1,013$221
37 years$5,807$3,807$2,422$1,505$918$191
38 years$5,592$3,618$2,268$1,387$832$164
39 years$5,388$3,440$2,125$1,279$755$141
40 years$5,195$3,273$1,992$1,180$685$122
41 years$5,012$3,115$1,868$1,088$621$105
42 years$4,838$2,967$1,752$1,005$564$90
43 years$4,672$2,827$1,644$927$512$78
44 years$4,515$2,695$1,543$856$464$67
45 years$4,365$2,570$1,449$791$421$58
46 years$4,222$2,451$1,361$730$383$50
47 years$4,085$2,339$1,279$675$348$43
48 years$3,954$2,233$1,202$624$316$37
49 years$3,830$2,133$1,129$576$287$32
50 years$3,710$2,037$1,062$533$260$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $3,800,000, adding $4,854 every year, while hoping to spend $32,484 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: 60/35/5 Blend
68$3,800,000$3,800,000$3,800,000$3,800,000
69$4,192,607$3,991,207$3,932,307$4,440,325
70$4,585,690$4,152,213$4,029,476$4,767,532
71$5,017,779$4,320,020$4,128,812$5,120,060
72$5,492,818$4,494,927$4,230,353$5,503,710
73$6,015,153$4,677,245$4,334,137$5,921,472
74$6,589,570$4,867,303$4,440,203$6,376,633
75$7,221,346$5,065,440$4,548,590$6,872,809
76$7,916,292$5,272,015$4,659,336$7,413,975
77$8,680,811$5,487,401$4,772,480$8,004,506
78$9,521,958$5,711,988$4,888,063$8,649,210
79$10,447,506$5,946,184$5,006,122$9,353,380
80$11,466,022$6,190,417$5,126,697$10,122,839
81$12,586,941$6,445,132$5,249,826$10,963,991
82$13,820,663$6,710,798$5,375,549$11,883,886
83$15,178,644$6,987,901$5,503,904$12,890,281
84$16,673,511$7,276,953$5,634,929$13,991,713
85$18,319,173$7,578,487$5,768,664$15,197,579
86$20,130,959$7,893,064$5,905,144$16,518,220
87$22,125,759$8,221,266$6,044,409$17,965,021
88$24,322,184$8,563,706$6,186,494$19,550,513
89$26,740,742$8,921,022$6,331,437$21,288,495
90$29,404,030$9,293,885$6,479,272$23,194,154
91$32,336,949$9,682,993$6,630,036$25,284,213
92$35,566,937$10,089,079$6,783,761$27,577,087
93$39,124,231$10,512,910$6,940,483$30,093,050
94$43,042,146$10,955,286$7,100,233$32,854,427
95$47,357,397$11,417,047$7,263,043$35,885,803
96$52,110,439$11,899,071$7,428,943$39,214,252
97$57,345,854$12,402,275$7,597,962$42,869,588
98$63,112,765$12,927,620$7,770,128$46,884,649
99$69,465,307$13,476,114$7,945,467$51,295,597
100$76,463,132$14,048,807$8,124,004$56,142,263