Can I retire at age 68 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$280,769$278,268$275,828$273,446$271,121$263,498
2 years$138,994$136,406$133,897$131,465$129,105$121,484
3 years$91,743$89,143$86,640$84,231$81,910$74,528
4 years$68,121$65,529$63,052$60,683$58,419$51,333
5 years$53,952$51,376$48,931$46,611$44,409$37,640
6 years$44,509$41,952$39,543$37,275$35,139$28,692
7 years$37,767$35,231$32,861$30,646$28,578$22,453
8 years$32,712$30,200$27,869$25,708$23,708$17,902
9 years$28,783$26,294$24,003$21,897$19,965$14,473
10 years$25,642$23,177$20,926$18,876$17,012$11,825
11 years$23,073$20,633$18,423$16,428$14,631$9,741
12 years$20,934$18,519$16,350$14,409$12,679$8,078
13 years$19,126$16,736$14,608$12,721$11,056$6,733
14 years$17,577$15,213$13,125$11,292$9,692$5,637
15 years$16,236$13,897$11,850$10,071$8,533$4,735
16 years$15,063$12,750$10,744$9,017$7,542$3,989
17 years$14,030$11,742$9,777$8,102$6,687$3,369
18 years$13,112$10,851$8,925$7,302$5,946$2,851
19 years$12,293$10,056$8,170$6,598$5,300$2,416
20 years$11,556$9,345$7,498$5,975$4,734$2,051
21 years$10,890$8,704$6,897$5,423$4,236$1,743
22 years$10,285$8,125$6,357$4,931$3,797$1,482
23 years$9,734$7,599$5,869$4,491$3,408$1,262
24 years$9,229$7,120$5,428$4,096$3,064$1,075
25 years$8,766$6,682$5,027$3,740$2,757$917
26 years$8,339$6,280$4,663$3,420$2,483$782
27 years$7,944$5,910$4,330$3,130$2,239$667
28 years$7,578$5,569$4,025$2,868$2,020$569
29 years$7,238$5,254$3,746$2,630$1,824$486
30 years$6,921$4,962$3,489$2,414$1,648$415
31 years$6,625$4,690$3,253$2,217$1,490$355
32 years$6,348$4,438$3,035$2,037$1,348$303
33 years$6,089$4,203$2,834$1,874$1,220$259
34 years$5,845$3,983$2,648$1,724$1,104$221
35 years$5,616$3,778$2,475$1,587$1,000$189
36 years$5,400$3,586$2,316$1,461$906$162
37 years$5,196$3,406$2,167$1,347$821$138
38 years$5,003$3,237$2,030$1,241$745$118
39 years$4,821$3,078$1,901$1,144$675$101
40 years$4,648$2,928$1,782$1,056$613$86
41 years$4,484$2,788$1,671$974$556$74
42 years$4,329$2,655$1,568$899$504$63
43 years$4,181$2,529$1,471$830$458$54
44 years$4,040$2,411$1,381$766$415$46
45 years$3,905$2,299$1,297$707$377$40
46 years$3,777$2,193$1,218$654$342$34
47 years$3,655$2,093$1,144$604$311$29
48 years$3,538$1,998$1,075$558$282$25
49 years$3,426$1,908$1,011$516$256$21
50 years$3,320$1,823$950$477$233$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $3,400,000, adding $2,021 every year, while hoping to spend $42,407 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: 38/47/15 Blend
67$3,400,000$3,400,000$3,400,000$3,400,000
68$3,748,885$3,568,685$3,515,985$3,874,278
69$4,086,150$3,698,429$3,588,649$4,093,898
70$4,456,395$3,833,111$3,662,327$4,326,861
71$4,862,940$3,972,925$3,737,007$4,577,713
72$5,309,439$4,118,078$3,812,676$4,848,086
73$5,799,922$4,268,783$3,889,321$5,139,768
74$6,338,825$4,425,264$3,966,924$5,454,727
75$6,931,036$4,587,753$4,045,467$5,795,120
76$7,581,940$4,756,492$4,124,929$6,163,320
77$8,297,471$4,931,734$4,205,287$6,561,930
78$9,084,165$5,113,740$4,286,516$6,993,815
79$9,949,222$5,302,786$4,368,587$7,462,120
80$10,900,578$5,499,157$4,451,469$7,970,305
81$11,946,972$5,703,151$4,535,128$8,522,171
82$13,098,036$5,915,079$4,619,529$9,121,899
83$14,364,382$6,135,264$4,704,629$9,774,087
84$15,757,701$6,364,044$4,790,386$10,483,789
85$17,290,875$6,601,771$4,876,753$11,256,568
86$18,978,099$6,848,812$4,963,678$12,098,540
87$20,835,011$7,105,550$5,051,108$13,016,435
88$22,878,845$7,372,384$5,138,982$14,017,657
89$25,128,587$7,649,731$5,227,238$15,110,353
90$27,605,161$7,938,025$5,315,808$16,303,487
91$30,331,618$8,237,720$5,404,619$17,606,927
92$33,333,363$8,549,288$5,493,593$19,031,531
93$36,638,385$8,873,222$5,582,647$20,589,250
94$40,277,527$9,210,036$5,671,693$22,293,242
95$44,284,775$9,560,269$5,760,636$24,157,987
96$48,697,580$9,924,479$5,849,374$26,199,429
97$53,557,207$10,303,253$5,937,802$28,435,121
98$58,909,128$10,697,199$6,025,805$30,884,388
99$64,803,452$11,106,954$6,113,262$33,568,508
100$71,295,394$11,533,184$6,200,046$36,510,912