Can I retire at age 68 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$255,995$253,715$251,490$249,319$247,198$242,704
2 years$126,730$124,370$122,083$119,865$117,714$113,201
3 years$83,648$81,277$78,996$76,799$74,682$70,293
4 years$62,110$59,747$57,489$55,329$53,264$49,032
5 years$49,192$46,843$44,613$42,498$40,490$36,427
6 years$40,582$38,251$36,054$33,986$32,039$28,149
7 years$34,434$32,123$29,961$27,942$26,056$22,341
8 years$29,826$27,535$25,410$23,440$21,616$18,074
9 years$26,243$23,974$21,885$19,965$18,204$14,834
10 years$23,379$21,132$19,080$17,210$15,511$12,309
11 years$21,037$18,813$16,798$14,978$13,340$10,303
12 years$19,087$16,885$14,908$13,138$11,560$8,684
13 years$17,438$15,259$13,319$11,599$10,080$7,360
14 years$16,026$13,870$11,967$10,296$8,836$6,268
15 years$14,803$12,671$10,805$9,182$7,780$5,358
16 years$13,734$11,625$9,796$8,222$6,876$4,595
17 years$12,792$10,706$8,914$7,387$6,097$3,951
18 years$11,956$9,893$8,137$6,657$5,421$3,405
19 years$11,208$9,169$7,449$6,015$4,832$2,941
20 years$10,536$8,520$6,837$5,448$4,316$2,543
21 years$9,929$7,936$6,288$4,945$3,862$2,203
22 years$9,377$7,408$5,796$4,496$3,462$1,911
23 years$8,875$6,929$5,351$4,094$3,108$1,659
24 years$8,415$6,492$4,949$3,734$2,793$1,441
25 years$7,992$6,092$4,584$3,410$2,514$1,253
26 years$7,603$5,726$4,251$3,118$2,264$1,091
27 years$7,243$5,389$3,948$2,854$2,041$950
28 years$6,909$5,078$3,670$2,615$1,842$827
29 years$6,599$4,790$3,415$2,398$1,663$721
30 years$6,310$4,524$3,181$2,201$1,503$629
31 years$6,041$4,276$2,966$2,021$1,359$548
32 years$5,788$4,046$2,767$1,858$1,229$478
33 years$5,552$3,832$2,584$1,708$1,112$417
34 years$5,329$3,632$2,414$1,572$1,007$364
35 years$5,120$3,445$2,257$1,447$912$318
36 years$4,924$3,270$2,111$1,333$826$278
37 years$4,738$3,105$1,976$1,228$749$242
38 years$4,562$2,951$1,850$1,132$679$212
39 years$4,396$2,806$1,734$1,043$616$185
40 years$4,238$2,670$1,625$962$559$162
41 years$4,089$2,542$1,524$888$507$141
42 years$3,947$2,420$1,429$819$460$123
43 years$3,812$2,306$1,341$756$417$108
44 years$3,683$2,198$1,259$698$379$94
45 years$3,561$2,096$1,182$645$344$82
46 years$3,444$2,000$1,110$596$312$72
47 years$3,333$1,908$1,043$550$283$63
48 years$3,226$1,822$980$509$257$55
49 years$3,124$1,740$921$470$234$48
50 years$3,027$1,662$866$435$212$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $3,100,000, adding $5,432 every year, while hoping to spend $32,571 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: 45/32/23 Blend
67$3,100,000$3,100,000$3,100,000$3,100,000
68$3,421,803$3,257,503$3,209,453$3,552,866
69$3,736,172$3,382,465$3,282,314$3,770,817
70$4,081,514$3,512,459$3,356,525$4,003,425
71$4,460,956$3,647,697$3,432,096$4,255,028
72$4,877,939$3,788,400$3,509,036$4,527,411
73$5,336,256$3,934,799$3,587,357$4,822,533
74$5,840,086$4,087,135$3,667,065$5,142,552
75$6,394,031$4,245,662$3,748,168$5,489,834
76$7,003,165$4,410,641$3,830,674$5,866,987
77$7,673,073$4,582,348$3,914,587$6,276,874
78$8,409,913$4,761,070$3,999,912$6,722,645
79$9,220,468$4,947,106$4,086,653$7,207,766
80$10,112,210$5,140,769$4,174,811$7,736,049
81$11,093,375$5,342,386$4,264,386$8,311,686
82$12,173,035$5,552,299$4,355,379$8,939,292
83$13,361,186$5,770,863$4,447,786$9,623,943
84$14,668,844$5,998,452$4,541,603$10,371,225
85$16,108,145$6,235,454$4,636,825$11,187,287
86$17,692,461$6,482,277$4,733,444$12,078,893
87$19,436,527$6,739,345$4,831,451$13,053,493
88$21,356,581$7,007,100$4,930,832$14,119,284
89$23,470,513$7,286,009$5,031,575$15,285,290
90$25,798,035$7,576,553$5,133,663$16,561,446
91$28,360,872$7,879,241$5,237,078$17,958,690
92$31,182,957$8,194,601$5,341,797$19,489,064
93$34,290,668$8,523,185$5,447,796$21,165,828
94$37,713,067$8,865,572$5,555,048$23,003,582
95$41,482,181$9,222,366$5,663,523$25,018,403
96$45,633,299$9,594,198$5,773,187$27,227,996
97$50,205,309$9,981,727$5,884,002$29,651,858
98$55,241,063$10,385,644$5,995,928$32,311,460
99$60,787,780$10,806,669$6,108,921$35,230,452
100$66,897,494$11,245,557$6,222,930$38,434,878