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%12.7%
1 years$264,253$261,899$259,603$257,361$255,172$252,298
2 years$130,818$128,382$126,021$123,731$121,511$118,617
3 years$86,346$83,899$81,544$79,276$77,091$74,268
4 years$64,114$61,675$59,343$57,114$54,982$52,251
5 years$50,778$48,354$46,053$43,869$41,797$39,166
6 years$41,891$39,484$37,217$35,082$33,072$30,545
7 years$35,545$33,159$30,928$28,843$26,897$24,474
8 years$30,788$28,423$26,229$24,196$22,313$19,995
9 years$27,090$24,748$22,591$20,609$18,791$16,576
10 years$24,133$21,814$19,696$17,766$16,011$13,898
11 years$21,716$19,420$17,340$15,461$13,770$11,757
12 years$19,703$17,430$15,388$13,562$11,933$10,018
13 years$18,000$15,752$13,749$11,973$10,406$8,587
14 years$16,543$14,318$12,353$10,628$9,121$7,396
15 years$15,281$13,080$11,153$9,478$8,031$6,396
16 years$14,177$12,000$10,112$8,487$7,098$5,550
17 years$13,205$11,052$9,202$7,625$6,294$4,831
18 years$12,341$10,212$8,400$6,872$5,596$4,215
19 years$11,569$9,465$7,690$6,210$4,988$3,685
20 years$10,876$8,795$7,057$5,624$4,455$3,228
21 years$10,249$8,192$6,491$5,104$3,987$2,832
22 years$9,680$7,647$5,983$4,641$3,574$2,488
23 years$9,161$7,152$5,524$4,226$3,208$2,189
24 years$8,686$6,701$5,109$3,855$2,883$1,927
25 years$8,250$6,289$4,732$3,520$2,595$1,698
26 years$7,848$5,910$4,388$3,219$2,337$1,498
27 years$7,477$5,562$4,075$2,946$2,107$1,322
28 years$7,132$5,241$3,788$2,699$1,901$1,168
29 years$6,812$4,945$3,525$2,475$1,717$1,032
30 years$6,514$4,670$3,284$2,272$1,551$912
31 years$6,235$4,414$3,061$2,087$1,402$807
32 years$5,975$4,177$2,856$1,918$1,269$714
33 years$5,731$3,956$2,667$1,763$1,148$632
34 years$5,501$3,749$2,492$1,622$1,039$560
35 years$5,286$3,556$2,330$1,494$942$496
36 years$5,082$3,375$2,179$1,376$853$439
37 years$4,890$3,206$2,040$1,267$773$389
38 years$4,709$3,046$1,910$1,168$701$345
39 years$4,538$2,897$1,790$1,077$636$305
40 years$4,375$2,756$1,677$993$577$271
41 years$4,221$2,624$1,573$917$523$240
42 years$4,074$2,499$1,475$846$475$213
43 years$3,935$2,381$1,384$781$431$189
44 years$3,802$2,269$1,300$721$391$167
45 years$3,676$2,164$1,220$666$355$148
46 years$3,555$2,064$1,146$615$322$132
47 years$3,440$1,970$1,077$568$293$117
48 years$3,330$1,881$1,012$525$266$103
49 years$3,225$1,796$951$485$241$92
50 years$3,124$1,715$894$449$219$81

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 $5,153 every year, while hoping to spend $45,940 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: 79/11/10 Blend
67$3,200,000$3,200,000$3,200,000$3,200,000
68$3,531,715$3,362,115$3,312,515$3,804,469
69$3,843,070$3,477,979$3,374,605$4,100,156
70$4,184,644$3,597,981$3,437,235$4,417,980
71$4,559,470$3,722,274$3,500,374$4,765,306
72$4,970,890$3,851,019$3,563,991$5,145,057
73$5,422,585$3,984,384$3,628,049$5,560,454
74$5,918,610$4,122,539$3,692,509$6,015,042
75$6,463,431$4,265,667$3,757,331$6,512,728
76$7,061,970$4,413,953$3,822,471$7,057,812
77$7,719,646$4,567,592$3,887,879$7,655,032
78$8,442,432$4,726,786$3,953,505$8,309,603
79$9,236,907$4,891,746$4,019,294$9,027,272
80$10,110,318$5,062,688$4,085,187$9,814,370
81$11,070,652$5,239,841$4,151,123$10,677,867
82$12,126,706$5,423,441$4,217,033$11,625,443
83$13,288,173$5,613,733$4,282,846$12,665,559
84$14,565,733$5,810,972$4,348,488$13,807,532
85$15,971,153$6,015,424$4,413,877$15,061,631
86$17,517,396$6,227,365$4,478,927$16,439,164
87$19,218,747$6,447,083$4,543,548$17,952,591
88$21,090,945$6,674,876$4,607,643$19,615,639
89$23,151,332$6,911,056$4,671,109$21,443,431
90$25,419,015$7,155,945$4,733,839$23,452,627
91$27,915,049$7,409,880$4,795,717$25,661,584
92$30,662,632$7,673,212$4,856,621$28,090,527
93$33,687,326$7,946,305$4,916,424$30,761,739
94$37,017,298$8,229,539$4,974,989$33,699,771
95$40,683,583$8,523,308$5,032,172$36,931,672
96$44,720,382$8,828,023$5,087,823$40,487,249
97$49,165,376$9,144,111$5,141,780$44,399,340
98$54,060,091$9,472,019$5,193,876$48,704,129
99$59,450,282$9,812,209$5,243,932$53,441,488
100$65,386,368$10,165,165$5,291,761$58,655,345