Can I retire at age 68 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$305,543$302,821$300,166$297,574$295,043$284,575
2 years$151,259$148,442$145,711$143,064$140,497$130,062
3 years$99,837$97,008$94,285$91,663$89,137$79,063
4 years$74,132$71,311$68,615$66,038$63,573$53,937
5 years$58,713$55,909$53,248$50,723$48,327$39,155
6 years$48,436$45,654$43,033$40,564$38,240$29,538
7 years$41,099$38,340$35,760$33,350$31,099$22,866
8 years$35,599$32,864$30,328$27,976$25,800$18,028
9 years$31,323$28,614$26,121$23,830$21,727$14,407
10 years$27,904$25,222$22,773$20,541$18,513$11,631
11 years$25,109$22,454$20,049$17,877$15,921$9,465
12 years$22,781$20,153$17,793$15,681$13,797$7,750
13 years$20,813$18,213$15,897$13,844$12,031$6,377
14 years$19,128$16,555$14,283$12,289$10,547$5,269
15 years$17,668$15,123$12,896$10,960$9,286$4,367
16 years$16,392$13,875$11,692$9,813$8,207$3,629
17 years$15,268$12,779$10,639$8,817$7,277$3,022
18 years$14,269$11,808$9,712$7,946$6,470$2,522
19 years$13,377$10,944$8,891$7,180$5,767$2,107
20 years$12,575$10,169$8,160$6,503$5,151$1,762
21 years$11,850$9,472$7,506$5,902$4,610$1,476
22 years$11,192$8,842$6,917$5,366$4,132$1,237
23 years$10,593$8,270$6,387$4,887$3,709$1,037
24 years$10,044$7,748$5,907$4,457$3,334$871
25 years$9,539$7,271$5,471$4,070$3,000$731
26 years$9,074$6,834$5,074$3,722$2,702$614
27 years$8,645$6,431$4,712$3,407$2,436$516
28 years$8,246$6,060$4,380$3,121$2,198$434
29 years$7,876$5,717$4,076$2,862$1,985$364
30 years$7,532$5,399$3,797$2,627$1,794$306
31 years$7,210$5,104$3,540$2,413$1,622$258
32 years$6,909$4,830$3,303$2,217$1,467$217
33 years$6,626$4,574$3,084$2,039$1,328$182
34 years$6,361$4,335$2,881$1,876$1,202$153
35 years$6,112$4,111$2,694$1,727$1,089$129
36 years$5,876$3,902$2,520$1,590$986$109
37 years$5,655$3,706$2,359$1,465$894$91
38 years$5,445$3,522$2,209$1,351$810$77
39 years$5,247$3,349$2,069$1,245$735$65
40 years$5,058$3,187$1,940$1,149$667$54
41 years$4,880$3,033$1,819$1,060$605$46
42 years$4,711$2,889$1,706$978$549$39
43 years$4,550$2,753$1,601$903$498$32
44 years$4,396$2,624$1,503$834$452$27
45 years$4,250$2,502$1,411$770$410$23
46 years$4,111$2,387$1,325$711$373$19
47 years$3,978$2,278$1,245$657$338$16
48 years$3,850$2,174$1,170$607$307$14
49 years$3,729$2,076$1,100$561$279$12
50 years$3,612$1,984$1,034$519$253$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $3,700,000, adding $6,751 every year, while hoping to spend $31,930 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: 41/31/28 Blend
67$3,700,000$3,700,000$3,700,000$3,700,000
68$4,084,364$3,888,264$3,830,914$4,217,949
69$4,466,995$4,044,815$3,925,276$4,471,763
70$4,887,586$4,207,968$4,021,729$4,742,833
71$5,349,972$4,378,011$4,120,310$5,035,645
72$5,858,383$4,555,248$4,221,054$5,352,220
73$6,417,478$4,739,994$4,323,999$5,694,776
74$7,032,389$4,932,582$4,429,181$6,065,750
75$7,708,771$5,133,357$4,536,637$6,467,822
76$8,452,855$5,342,681$4,646,404$6,903,934
77$9,271,506$5,560,932$4,758,518$7,377,322
78$10,172,287$5,788,506$4,873,017$7,891,542
79$11,163,534$6,025,816$4,989,936$8,450,506
80$12,254,429$6,273,295$5,109,313$9,058,514
81$13,455,089$6,531,395$5,231,184$9,720,296
82$14,776,665$6,800,590$5,355,585$10,441,051
83$16,231,439$7,081,374$5,482,552$11,226,504
84$17,832,949$7,374,264$5,612,120$12,082,947
85$19,596,108$7,679,801$5,744,325$13,017,306
86$21,537,352$7,998,552$5,879,201$14,037,200
87$23,674,790$8,331,109$6,016,782$15,151,015
88$26,028,376$8,678,091$6,157,101$16,367,977
89$28,620,098$9,040,146$6,300,192$17,698,242
90$31,474,187$9,417,952$6,446,087$19,152,986
91$34,617,340$9,812,217$6,594,817$20,744,512
92$38,078,977$10,223,684$6,746,412$22,486,363
93$41,891,518$10,653,130$6,900,902$24,393,448
94$46,090,684$11,101,365$7,058,314$26,482,178
95$50,715,843$11,569,240$7,218,676$28,770,625
96$55,810,370$12,057,644$7,382,013$31,278,684
97$61,422,067$12,567,508$7,548,349$34,028,262
98$67,603,606$13,099,804$7,717,708$37,043,481
99$74,413,032$13,655,553$7,890,109$40,350,904
100$81,914,306$14,235,820$8,065,572$43,979,782