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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.2%
1 years$264,253$261,899$259,603$257,361$255,172$250,739
2 years$130,818$128,382$126,021$123,731$121,511$117,058
3 years$86,346$83,899$81,544$79,276$77,091$72,759
4 years$64,114$61,675$59,343$57,114$54,982$50,803
5 years$50,778$48,354$46,053$43,869$41,797$37,783
6 years$41,891$39,484$37,217$35,082$33,072$29,228
7 years$35,545$33,159$30,928$28,843$26,897$23,223
8 years$30,788$28,423$26,229$24,196$22,313$18,810
9 years$27,090$24,748$22,591$20,609$18,791$15,456
10 years$24,133$21,814$19,696$17,766$16,011$12,841
11 years$21,716$19,420$17,340$15,461$13,770$10,762
12 years$19,703$17,430$15,388$13,562$11,933$9,082
13 years$18,000$15,752$13,749$11,973$10,406$7,708
14 years$16,543$14,318$12,353$10,628$9,121$6,573
15 years$15,281$13,080$11,153$9,478$8,031$5,626
16 years$14,177$12,000$10,112$8,487$7,098$4,832
17 years$13,205$11,052$9,202$7,625$6,294$4,161
18 years$12,341$10,212$8,400$6,872$5,596$3,591
19 years$11,569$9,465$7,690$6,210$4,988$3,106
20 years$10,876$8,795$7,057$5,624$4,455$2,690
21 years$10,249$8,192$6,491$5,104$3,987$2,334
22 years$9,680$7,647$5,983$4,641$3,574$2,027
23 years$9,161$7,152$5,524$4,226$3,208$1,763
24 years$8,686$6,701$5,109$3,855$2,883$1,534
25 years$8,250$6,289$4,732$3,520$2,595$1,336
26 years$7,848$5,910$4,388$3,219$2,337$1,165
27 years$7,477$5,562$4,075$2,946$2,107$1,016
28 years$7,132$5,241$3,788$2,699$1,901$886
29 years$6,812$4,945$3,525$2,475$1,717$774
30 years$6,514$4,670$3,284$2,272$1,551$676
31 years$6,235$4,414$3,061$2,087$1,402$590
32 years$5,975$4,177$2,856$1,918$1,269$516
33 years$5,731$3,956$2,667$1,763$1,148$451
34 years$5,501$3,749$2,492$1,622$1,039$394
35 years$5,286$3,556$2,330$1,494$942$345
36 years$5,082$3,375$2,179$1,376$853$301
37 years$4,890$3,206$2,040$1,267$773$264
38 years$4,709$3,046$1,910$1,168$701$231
39 years$4,538$2,897$1,790$1,077$636$202
40 years$4,375$2,756$1,677$993$577$177
41 years$4,221$2,624$1,573$917$523$155
42 years$4,074$2,499$1,475$846$475$135
43 years$3,935$2,381$1,384$781$431$118
44 years$3,802$2,269$1,300$721$391$104
45 years$3,676$2,164$1,220$666$355$91
46 years$3,555$2,064$1,146$615$322$79
47 years$3,440$1,970$1,077$568$293$70
48 years$3,330$1,881$1,012$525$266$61
49 years$3,225$1,796$951$485$241$53
50 years$3,124$1,715$894$449$219$47

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 $5,828 every year, while hoping to spend $39,284 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: 52/40/8 Blend
67$3,200,000$3,200,000$3,200,000$3,200,000
68$3,532,412$3,362,812$3,313,212$3,708,732
69$3,850,920$3,485,791$3,382,406$3,952,175
70$4,200,599$3,613,481$3,452,602$4,212,036
71$4,584,587$3,746,069$3,523,792$4,493,699
72$5,006,342$3,883,753$3,595,966$4,799,226
73$5,469,670$4,026,738$3,669,112$5,130,885
74$5,978,768$4,175,239$3,743,218$5,491,169
75$6,538,255$4,329,479$3,818,269$5,882,818
76$7,153,225$4,489,691$3,894,249$6,308,847
77$7,829,286$4,656,118$3,971,138$6,772,569
78$8,572,617$4,829,012$4,048,915$7,277,632
79$9,390,028$5,008,637$4,127,558$7,828,045
80$10,289,019$5,195,269$4,207,039$8,428,220
81$11,277,855$5,389,193$4,287,331$9,083,012
82$12,365,642$5,590,710$4,368,403$9,797,761
83$13,562,414$5,800,130$4,450,220$10,578,344
84$14,879,223$6,017,780$4,532,746$11,431,231
85$16,328,250$6,243,998$4,615,940$12,363,539
86$17,922,916$6,479,138$4,699,758$13,383,104
87$19,678,007$6,723,569$4,784,153$14,498,550
88$21,609,816$6,977,676$4,869,074$15,719,372
89$23,736,296$7,241,861$4,954,467$17,056,021
90$26,077,229$7,516,543$5,040,272$18,520,005
91$28,654,412$7,802,159$5,126,427$20,123,991
92$31,491,862$8,099,165$5,212,863$21,881,931
93$34,616,046$8,408,038$5,299,507$23,809,182
94$38,056,124$8,729,274$5,386,283$25,922,658
95$41,844,232$9,063,391$5,473,106$28,240,985
96$46,015,778$9,410,932$5,559,890$30,784,673
97$50,609,780$9,772,460$5,646,538$33,576,310
98$55,669,232$10,148,565$5,732,952$36,640,774
99$61,241,512$10,539,863$5,819,024$40,005,462
100$67,378,826$10,946,996$5,904,641$43,700,551