Can I retire at age 68 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$297,285$294,637$292,053$289,531$287,069$277,769
2 years$147,171$144,430$141,773$139,198$136,700$127,417
3 years$97,139$94,386$91,737$89,185$86,728$77,754
4 years$72,128$69,384$66,761$64,253$61,855$53,259
5 years$57,126$54,398$51,809$49,352$47,021$38,826
6 years$47,127$44,420$41,869$39,468$37,206$29,419
7 years$39,988$37,304$34,794$32,448$30,259$22,878
8 years$34,637$31,976$29,508$27,220$25,102$18,123
9 years$30,476$27,841$25,415$23,186$21,140$14,554
10 years$27,150$24,541$22,157$19,986$18,012$11,809
11 years$24,430$21,847$19,507$17,394$15,491$9,660
12 years$22,165$19,609$17,312$15,257$13,424$7,952
13 years$20,251$17,721$15,467$13,470$11,706$6,579
14 years$18,611$16,107$13,897$11,957$10,262$5,466
15 years$17,191$14,714$12,547$10,663$9,035$4,556
16 years$15,949$13,500$11,376$9,548$7,985$3,808
17 years$14,855$12,433$10,352$8,579$7,080$3,190
18 years$13,884$11,489$9,450$7,731$6,295$2,678
19 years$13,016$10,648$8,651$6,986$5,611$2,251
20 years$12,235$9,894$7,939$6,327$5,012$1,894
21 years$11,530$9,216$7,303$5,742$4,485$1,596
22 years$10,890$8,603$6,731$5,221$4,020$1,346
23 years$10,306$8,046$6,214$4,755$3,609$1,136
24 years$9,772$7,539$5,747$4,337$3,244$959
25 years$9,281$7,075$5,323$3,960$2,919$811
26 years$8,829$6,649$4,937$3,621$2,629$685
27 years$8,411$6,258$4,584$3,315$2,371$580
28 years$8,024$5,897$4,262$3,037$2,139$490
29 years$7,664$5,563$3,966$2,785$1,931$415
30 years$7,328$5,253$3,694$2,556$1,745$351
31 years$7,015$4,966$3,444$2,347$1,578$297
32 years$6,722$4,699$3,213$2,157$1,427$252
33 years$6,447$4,450$3,000$1,984$1,292$213
34 years$6,189$4,218$2,803$1,825$1,169$181
35 years$5,946$4,000$2,621$1,680$1,059$153
36 years$5,718$3,797$2,452$1,547$960$130
37 years$5,502$3,606$2,295$1,426$870$110
38 years$5,298$3,427$2,149$1,314$789$93
39 years$5,105$3,259$2,013$1,212$715$79
40 years$4,922$3,101$1,887$1,118$649$67
41 years$4,748$2,951$1,770$1,031$588$57
42 years$4,583$2,811$1,660$952$534$48
43 years$4,427$2,678$1,558$878$485$41
44 years$4,277$2,553$1,462$811$440$34
45 years$4,135$2,434$1,373$749$399$29
46 years$3,999$2,322$1,289$692$363$25
47 years$3,870$2,216$1,211$639$329$21
48 years$3,746$2,116$1,138$591$299$18
49 years$3,628$2,020$1,070$546$272$15
50 years$3,515$1,930$1,006$505$247$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $3,600,000, adding $4,963 every year, while hoping to spend $57,383 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: 50/44/6 Blend
67$3,600,000$3,600,000$3,600,000$3,600,000
68$3,972,319$3,781,519$3,725,719$4,164,796
69$4,316,441$3,905,759$3,789,476$4,420,639
70$4,693,740$4,034,163$3,853,445$4,691,907
71$5,107,539$4,166,874$3,917,573$4,985,289
72$5,561,499$4,304,043$3,981,804$5,302,869
73$6,059,653$4,445,822$4,046,075$5,646,934
74$6,606,441$4,592,371$4,110,322$6,020,001
75$7,206,756$4,743,854$4,174,475$6,424,839
76$7,865,986$4,900,444$4,238,461$6,864,491
77$8,590,068$5,062,318$4,302,201$7,342,306
78$9,385,542$5,229,658$4,365,612$7,861,965
79$10,259,612$5,402,656$4,428,604$8,427,522
80$11,220,214$5,581,508$4,491,084$9,043,435
81$12,276,092$5,766,418$4,552,952$9,714,609
82$13,436,880$5,957,599$4,614,102$10,446,444
83$14,713,189$6,155,269$4,674,423$11,244,883
84$16,116,714$6,359,656$4,733,795$12,116,465
85$17,660,335$6,570,996$4,792,093$13,068,389
86$19,358,247$6,789,532$4,849,186$14,108,582
87$21,226,087$7,015,518$4,904,933$15,245,768
88$23,281,086$7,249,217$4,959,186$16,489,553
89$25,542,228$7,490,900$5,011,790$17,850,514
90$28,030,430$7,740,849$5,062,580$19,340,296
91$30,768,740$7,999,356$5,111,383$20,971,723
92$33,782,553$8,266,726$5,158,015$22,758,917
93$37,099,850$8,543,272$5,202,285$24,717,427
94$40,751,462$8,829,320$5,243,989$26,864,382
95$44,771,363$9,125,208$5,282,915$29,218,643
96$49,196,986$9,431,288$5,318,836$31,800,984
97$54,069,580$9,747,922$5,351,518$34,634,287
98$59,434,595$10,075,488$5,380,712$37,743,753
99$65,342,113$10,414,377$5,406,156$41,157,144
100$71,847,323$10,764,995$5,427,576$44,905,037