Can I retire at age 68 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$289,027$286,452$283,940$281,489$279,095$272,791
2 years$143,083$140,418$137,835$135,331$132,902$126,585
3 years$94,441$91,765$89,188$86,708$84,319$78,186
4 years$70,125$67,457$64,906$62,468$60,137$54,235
5 years$55,539$52,887$50,370$47,982$45,715$40,061
6 years$45,818$43,186$40,706$38,371$36,173$30,772
7 years$38,878$36,268$33,827$31,547$29,418$24,272
8 years$33,674$31,088$28,688$26,464$24,405$19,512
9 years$29,630$27,068$24,709$22,542$20,553$15,908
10 years$26,396$23,859$21,542$19,431$17,512$13,111
11 years$23,752$21,240$18,965$16,911$15,061$10,898
12 years$21,550$19,064$16,831$14,833$13,051$9,120
13 years$19,688$17,228$15,038$13,095$11,381$7,674
14 years$18,094$15,660$13,511$11,625$9,977$6,486
15 years$16,713$14,306$12,199$10,367$8,784$5,503
16 years$15,506$13,125$11,060$9,283$7,763$4,682
17 years$14,443$12,088$10,064$8,340$6,884$3,995
18 years$13,498$11,170$9,187$7,516$6,121$3,415
19 years$12,654$10,352$8,411$6,792$5,455$2,925
20 years$11,895$9,620$7,719$6,151$4,873$2,509
21 years$11,210$8,960$7,100$5,583$4,361$2,155
22 years$10,587$8,364$6,544$5,076$3,909$1,853
23 years$10,020$7,823$6,042$4,623$3,509$1,595
24 years$9,501$7,329$5,588$4,216$3,154$1,374
25 years$9,024$6,878$5,175$3,850$2,838$1,185
26 years$8,584$6,464$4,800$3,521$2,556$1,022
27 years$8,177$6,084$4,457$3,223$2,305$882
28 years$7,801$5,733$4,143$2,953$2,080$761
29 years$7,451$5,408$3,856$2,708$1,878$658
30 years$7,124$5,107$3,592$2,485$1,697$568
31 years$6,820$4,828$3,348$2,282$1,534$491
32 years$6,535$4,569$3,124$2,097$1,388$424
33 years$6,268$4,326$2,917$1,929$1,256$367
34 years$6,017$4,100$2,725$1,775$1,137$317
35 years$5,781$3,889$2,548$1,634$1,030$275
36 years$5,559$3,691$2,384$1,504$933$237
37 years$5,349$3,506$2,231$1,386$846$205
38 years$5,151$3,332$2,089$1,278$767$178
39 years$4,963$3,168$1,957$1,178$695$154
40 years$4,785$3,014$1,835$1,087$631$133
41 years$4,616$2,869$1,720$1,003$572$115
42 years$4,456$2,733$1,614$925$519$100
43 years$4,304$2,604$1,514$854$471$86
44 years$4,158$2,482$1,421$789$428$75
45 years$4,020$2,367$1,335$728$388$65
46 years$3,888$2,258$1,254$673$352$56
47 years$3,763$2,155$1,178$622$320$48
48 years$3,642$2,057$1,107$574$291$42
49 years$3,527$1,964$1,040$531$264$36
50 years$3,417$1,876$978$491$240$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $3,500,000, adding $5,921 every year, while hoping to spend $34,708 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: 48/37/15 Blend
67$3,500,000$3,500,000$3,500,000$3,500,000
68$3,863,108$3,677,608$3,623,358$4,032,090
69$4,220,215$3,820,881$3,707,811$4,292,790
70$4,612,585$3,970,012$3,793,930$4,571,655
71$5,043,777$4,125,250$3,881,735$4,873,689
72$5,517,712$4,286,858$3,971,243$5,201,072
73$6,038,712$4,455,107$4,062,473$5,556,198
74$6,611,537$4,630,284$4,155,442$5,941,698
75$7,241,432$4,812,686$4,250,168$6,360,466
76$7,934,175$5,002,625$4,346,665$6,815,680
77$8,696,132$5,200,425$4,444,950$7,310,838
78$9,534,318$5,406,426$4,545,037$7,849,784
79$10,456,462$5,620,984$4,646,938$8,436,746
80$11,471,078$5,844,469$4,750,667$9,076,373
81$12,587,548$6,077,268$4,856,235$9,773,781
82$13,816,211$6,319,787$4,963,652$10,534,598
83$15,168,456$6,572,449$5,072,926$11,365,012
84$16,656,834$6,835,695$5,184,065$12,271,838
85$18,295,175$7,109,988$5,297,075$13,262,569
86$20,098,716$7,395,810$5,411,960$14,345,454
87$22,084,247$7,693,667$5,528,723$15,529,571
88$24,270,270$8,004,086$5,647,364$16,824,911
89$26,677,170$8,327,618$5,767,883$18,242,472
90$29,327,410$8,664,841$5,890,277$19,794,360
91$32,245,744$9,016,356$6,014,539$21,493,900
92$35,459,447$9,382,794$6,140,663$23,355,764
93$38,998,573$9,764,814$6,268,638$25,396,104
94$42,896,241$10,163,103$6,398,451$27,632,704
95$47,188,946$10,578,384$6,530,087$30,085,144
96$51,916,901$11,011,407$6,663,528$32,774,987
97$57,124,420$11,462,961$6,798,751$35,725,975
98$62,860,334$11,933,869$6,935,732$38,964,253
99$69,178,452$12,424,992$7,074,443$42,518,614
100$76,138,068$12,937,231$7,214,851$46,420,767