Can I retire at age 68 with 3,000,000?

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 $3,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$247,737$245,530$243,378$241,276$239,224$235,552
2 years$122,642$120,358$118,144$115,998$113,916$110,226
3 years$80,949$78,655$76,447$74,321$72,273$68,679
4 years$60,107$57,820$55,634$53,544$51,546$48,075
5 years$47,605$45,332$43,174$41,127$39,184$35,848
6 years$39,273$37,017$34,891$32,890$31,005$27,807
7 years$33,324$31,087$28,995$27,040$25,216$22,156
8 years$28,864$26,647$24,590$22,684$20,919$17,997
9 years$25,397$23,201$21,179$19,321$17,617$14,832
10 years$22,625$20,450$18,465$16,655$15,010$12,360
11 years$20,359$18,206$16,256$14,495$12,909$10,391
12 years$18,471$16,341$14,427$12,714$11,187$8,798
13 years$16,875$14,767$12,889$11,225$9,755$7,492
14 years$15,509$13,423$11,581$9,964$8,551$6,410
15 years$14,326$12,262$10,456$8,886$7,529$5,506
16 years$13,291$11,250$9,480$7,957$6,654$4,745
17 years$12,379$10,361$8,626$7,149$5,900$4,100
18 years$11,570$9,574$7,875$6,443$5,246$3,552
19 years$10,846$8,873$7,209$5,821$4,676$3,083
20 years$10,196$8,245$6,616$5,272$4,177$2,681
21 years$9,608$7,680$6,086$4,785$3,738$2,334
22 years$9,075$7,169$5,609$4,351$3,350$2,035
23 years$8,589$6,705$5,179$3,962$3,007$1,777
24 years$8,143$6,282$4,789$3,614$2,703$1,552
25 years$7,734$5,896$4,436$3,300$2,432$1,357
26 years$7,358$5,541$4,114$3,018$2,191$1,188
27 years$7,009$5,215$3,820$2,762$1,975$1,040
28 years$6,686$4,914$3,551$2,531$1,782$911
29 years$6,386$4,636$3,305$2,321$1,610$799
30 years$6,107$4,378$3,078$2,130$1,454$700
31 years$5,846$4,139$2,870$1,956$1,315$614
32 years$5,601$3,916$2,678$1,798$1,189$539
33 years$5,373$3,708$2,500$1,653$1,076$473
34 years$5,158$3,515$2,336$1,521$975$415
35 years$4,955$3,334$2,184$1,400$883$365
36 years$4,765$3,164$2,043$1,290$800$320
37 years$4,585$3,005$1,912$1,188$725$281
38 years$4,415$2,856$1,791$1,095$657$247
39 years$4,254$2,716$1,678$1,010$596$217
40 years$4,101$2,584$1,573$931$541$191
41 years$3,957$2,460$1,475$859$490$168
42 years$3,819$2,342$1,383$793$445$148
43 years$3,689$2,232$1,298$732$404$130
44 years$3,564$2,127$1,218$676$367$114
45 years$3,446$2,029$1,144$624$333$100
46 years$3,333$1,935$1,074$577$302$88
47 years$3,225$1,847$1,009$533$274$77
48 years$3,122$1,763$949$492$249$68
49 years$3,023$1,684$892$455$226$60
50 years$2,929$1,608$838$421$206$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $3,000,000, adding $4,042 every year, while hoping to spend $32,083 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: 34/41/25 Blend
67$3,000,000$3,000,000$3,000,000$3,000,000
68$3,310,169$3,151,169$3,104,669$3,397,446
69$3,613,671$3,271,441$3,174,540$3,583,361
70$3,947,054$3,396,530$3,245,675$3,780,520
71$4,313,333$3,526,639$3,318,085$3,992,495
72$4,715,828$3,661,980$3,391,776$4,220,623
73$5,158,198$3,802,772$3,466,756$4,466,371
74$5,644,472$3,949,246$3,543,030$4,731,349
75$6,179,090$4,101,641$3,620,604$5,017,326
76$6,766,944$4,260,209$3,699,481$5,326,244
77$7,413,424$4,425,210$3,779,665$5,660,234
78$8,124,466$4,596,919$3,861,157$6,021,640
79$8,906,613$4,775,619$3,943,957$6,413,035
80$9,767,073$4,961,610$4,028,065$6,837,249
81$10,713,787$5,155,201$4,113,478$7,297,389
82$11,755,506$5,356,719$4,200,192$7,796,875
83$12,901,871$5,566,501$4,288,202$8,339,461
84$14,163,505$5,784,903$4,377,500$8,929,280
85$15,552,114$6,012,295$4,468,078$9,570,874
86$17,080,594$6,249,062$4,559,923$10,269,238
87$18,763,158$6,495,610$4,653,024$11,029,869
88$20,615,464$6,752,359$4,747,364$11,858,810
89$22,654,768$7,019,750$4,842,927$12,762,712
90$24,900,080$7,298,244$4,939,691$13,748,891
91$27,372,352$7,588,321$5,037,634$14,825,397
92$30,094,668$7,890,486$5,136,732$16,001,091
93$33,092,467$8,205,261$5,236,954$17,285,722
94$36,393,777$8,533,198$5,338,271$18,690,019
95$40,029,486$8,874,868$5,440,646$20,225,794
96$44,033,628$9,230,872$5,544,043$21,906,048
97$48,443,710$9,601,836$5,648,420$23,745,090
98$53,301,056$9,988,414$5,753,730$25,758,676
99$58,651,210$10,391,292$5,859,926$27,964,150
100$64,544,352$10,811,184$5,966,952$30,380,609