Can I retire at age 68 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$264,253$261,899$259,603$257,361$255,172$252,929
2 years$130,818$128,382$126,021$123,731$121,511$119,250
3 years$86,346$83,899$81,544$79,276$77,091$74,883
4 years$64,114$61,675$59,343$57,114$54,982$52,844
5 years$50,778$48,354$46,053$43,869$41,797$39,734
6 years$41,891$39,484$37,217$35,082$33,072$31,089
7 years$35,545$33,159$30,928$28,843$26,897$24,993
8 years$30,788$28,423$26,229$24,196$22,313$20,489
9 years$27,090$24,748$22,591$20,609$18,791$17,046
10 years$24,133$21,814$19,696$17,766$16,011$14,343
11 years$21,716$19,420$17,340$15,461$13,770$12,179
12 years$19,703$17,430$15,388$13,562$11,933$10,417
13 years$18,000$15,752$13,749$11,973$10,406$8,963
14 years$16,543$14,318$12,353$10,628$9,121$7,751
15 years$15,281$13,080$11,153$9,478$8,031$6,730
16 years$14,177$12,000$10,112$8,487$7,098$5,865
17 years$13,205$11,052$9,202$7,625$6,294$5,126
18 years$12,341$10,212$8,400$6,872$5,596$4,491
19 years$11,569$9,465$7,690$6,210$4,988$3,944
20 years$10,876$8,795$7,057$5,624$4,455$3,470
21 years$10,249$8,192$6,491$5,104$3,987$3,058
22 years$9,680$7,647$5,983$4,641$3,574$2,699
23 years$9,161$7,152$5,524$4,226$3,208$2,385
24 years$8,686$6,701$5,109$3,855$2,883$2,110
25 years$8,250$6,289$4,732$3,520$2,595$1,868
26 years$7,848$5,910$4,388$3,219$2,337$1,655
27 years$7,477$5,562$4,075$2,946$2,107$1,468
28 years$7,132$5,241$3,788$2,699$1,901$1,303
29 years$6,812$4,945$3,525$2,475$1,717$1,157
30 years$6,514$4,670$3,284$2,272$1,551$1,028
31 years$6,235$4,414$3,061$2,087$1,402$914
32 years$5,975$4,177$2,856$1,918$1,269$812
33 years$5,731$3,956$2,667$1,763$1,148$723
34 years$5,501$3,749$2,492$1,622$1,039$643
35 years$5,286$3,556$2,330$1,494$942$572
36 years$5,082$3,375$2,179$1,376$853$510
37 years$4,890$3,206$2,040$1,267$773$454
38 years$4,709$3,046$1,910$1,168$701$404
39 years$4,538$2,897$1,790$1,077$636$360
40 years$4,375$2,756$1,677$993$577$321
41 years$4,221$2,624$1,573$917$523$286
42 years$4,074$2,499$1,475$846$475$255
43 years$3,935$2,381$1,384$781$431$227
44 years$3,802$2,269$1,300$721$391$202
45 years$3,676$2,164$1,220$666$355$180
46 years$3,555$2,064$1,146$615$322$161
47 years$3,440$1,970$1,077$568$293$143
48 years$3,330$1,881$1,012$525$266$128
49 years$3,225$1,796$951$485$241$114
50 years$3,124$1,715$894$449$219$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $3,200,000, adding $2,688 every year, while hoping to spend $58,784 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: 55/25/20 Blend
67$3,200,000$3,200,000$3,200,000$3,200,000
68$3,529,173$3,359,573$3,309,973$3,704,043
69$3,826,603$3,461,646$3,358,311$3,925,977
70$4,152,400$3,566,751$3,406,299$4,161,074
71$4,509,397$3,674,973$3,453,861$4,415,815
72$4,900,711$3,786,403$3,500,921$4,692,097
73$5,329,777$3,901,130$3,547,395$4,992,010
74$5,800,377$4,019,248$3,593,196$5,317,851
75$6,316,677$4,140,853$3,638,230$5,672,153
76$6,883,267$4,266,044$3,682,400$6,057,703
77$7,505,202$4,394,921$3,725,602$6,477,569
78$8,188,049$4,527,589$3,767,725$6,935,131
79$8,937,941$4,664,152$3,808,656$7,434,110
80$9,761,636$4,804,721$3,848,271$7,978,606
81$10,666,577$4,949,406$3,886,442$8,573,132
82$11,660,963$5,098,322$3,923,033$9,222,660
83$12,753,828$5,251,586$3,957,901$9,932,668
84$13,955,124$5,409,320$3,990,896$10,709,187
85$15,275,814$5,571,644$4,021,859$11,558,863
86$16,727,980$5,738,687$4,050,624$12,489,016
87$18,324,928$5,910,577$4,077,014$13,507,709
88$20,081,321$6,087,446$4,100,845$14,623,828
89$22,013,315$6,269,430$4,121,922$15,847,158
90$24,138,709$6,456,668$4,140,042$17,188,483
91$26,477,114$6,649,302$4,154,991$18,659,682
92$29,050,139$6,847,476$4,166,542$20,273,844
93$31,881,592$7,051,341$4,174,460$22,045,389
94$34,997,705$7,261,048$4,178,495$23,990,206
95$38,427,384$7,476,752$4,178,388$26,125,802
96$42,202,478$7,698,613$4,173,864$28,471,466
97$46,358,079$7,926,794$4,164,637$31,048,450
98$50,932,857$8,161,461$4,150,406$33,880,175
99$55,969,418$8,402,783$4,130,855$36,992,444
100$61,514,714$8,650,934$4,105,653$40,413,691