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

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$305,543$302,821$300,166$297,574$295,043$291,236
2 years$151,259$148,442$145,711$143,064$140,497$136,666
3 years$99,837$97,008$94,285$91,663$89,137$85,402
4 years$74,132$71,311$68,615$66,038$63,573$59,963
5 years$58,713$55,909$53,248$50,723$48,327$44,853
6 years$48,436$45,654$43,033$40,564$38,240$34,905
7 years$41,099$38,340$35,760$33,350$31,099$27,905
8 years$35,599$32,864$30,328$27,976$25,800$22,746
9 years$31,323$28,614$26,121$23,830$21,727$18,812
10 years$27,904$25,222$22,773$20,541$18,513$15,734
11 years$25,109$22,454$20,049$17,877$15,921$13,278
12 years$22,781$20,153$17,793$15,681$13,797$11,285
13 years$20,813$18,213$15,897$13,844$12,031$9,647
14 years$19,128$16,555$14,283$12,289$10,547$8,287
15 years$17,668$15,123$12,896$10,960$9,286$7,147
16 years$16,392$13,875$11,692$9,813$8,207$6,185
17 years$15,268$12,779$10,639$8,817$7,277$5,368
18 years$14,269$11,808$9,712$7,946$6,470$4,670
19 years$13,377$10,944$8,891$7,180$5,767$4,072
20 years$12,575$10,169$8,160$6,503$5,151$3,556
21 years$11,850$9,472$7,506$5,902$4,610$3,111
22 years$11,192$8,842$6,917$5,366$4,132$2,725
23 years$10,593$8,270$6,387$4,887$3,709$2,389
24 years$10,044$7,748$5,907$4,457$3,334$2,097
25 years$9,539$7,271$5,471$4,070$3,000$1,843
26 years$9,074$6,834$5,074$3,722$2,702$1,620
27 years$8,645$6,431$4,712$3,407$2,436$1,425
28 years$8,246$6,060$4,380$3,121$2,198$1,255
29 years$7,876$5,717$4,076$2,862$1,985$1,105
30 years$7,532$5,399$3,797$2,627$1,794$974
31 years$7,210$5,104$3,540$2,413$1,622$859
32 years$6,909$4,830$3,303$2,217$1,467$757
33 years$6,626$4,574$3,084$2,039$1,328$668
34 years$6,361$4,335$2,881$1,876$1,202$589
35 years$6,112$4,111$2,694$1,727$1,089$520
36 years$5,876$3,902$2,520$1,590$986$459
37 years$5,655$3,706$2,359$1,465$894$406
38 years$5,445$3,522$2,209$1,351$810$358
39 years$5,247$3,349$2,069$1,245$735$316
40 years$5,058$3,187$1,940$1,149$667$279
41 years$4,880$3,033$1,819$1,060$605$247
42 years$4,711$2,889$1,706$978$549$218
43 years$4,550$2,753$1,601$903$498$193
44 years$4,396$2,624$1,503$834$452$170
45 years$4,250$2,502$1,411$770$410$150
46 years$4,111$2,387$1,325$711$373$133
47 years$3,978$2,278$1,245$657$338$118
48 years$3,850$2,174$1,170$607$307$104
49 years$3,729$2,076$1,100$561$279$92
50 years$3,612$1,984$1,034$519$253$81

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 $4,405 every year, while hoping to spend $22,266 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: 32/48/20 Blend
67$3,700,000$3,700,000$3,700,000$3,700,000
68$4,081,944$3,885,844$3,828,494$4,187,121
69$4,474,611$4,052,559$3,933,057$4,432,924
70$4,906,584$4,226,698$4,040,378$4,695,167
71$5,381,849$4,408,599$4,150,524$4,977,171
72$5,904,797$4,598,619$4,263,565$5,280,678
73$6,480,266$4,797,132$4,379,575$5,607,597
74$7,113,589$5,004,526$4,498,626$5,960,020
75$7,810,638$5,221,212$4,620,793$6,340,240
76$8,577,888$5,447,616$4,746,155$6,750,771
77$9,422,471$5,684,187$4,874,789$7,194,369
78$10,352,244$5,931,394$5,006,776$7,674,060
79$11,375,868$6,189,727$5,142,197$8,193,160
80$12,502,883$6,459,700$5,281,138$8,755,311
81$13,743,805$6,741,853$5,423,684$9,364,509
82$15,110,218$7,036,749$5,569,922$10,025,143
83$16,614,888$7,344,977$5,719,942$10,742,028
84$18,271,882$7,667,157$5,873,836$11,520,457
85$20,096,702$8,003,935$6,031,697$12,366,240
86$22,106,427$8,355,990$6,193,621$13,285,763
87$24,319,880$8,724,031$6,359,705$14,286,040
88$26,757,802$9,108,802$6,530,048$15,374,781
89$29,443,045$9,511,081$6,704,753$16,560,457
90$32,400,796$9,931,685$6,883,922$17,852,382
91$35,658,807$10,371,466$7,067,663$19,260,794
92$39,247,658$10,831,321$7,256,082$20,796,952
93$43,201,048$11,312,185$7,449,290$22,473,232
94$47,556,114$11,815,041$7,647,400$24,303,249
95$52,353,776$12,340,916$7,850,527$26,301,973
96$57,639,128$12,890,888$8,058,786$28,485,874
97$63,461,862$13,466,084$8,272,298$30,873,067
98$69,876,736$14,067,687$8,491,185$33,483,483
99$76,944,093$14,696,934$8,715,569$36,339,049
100$84,730,429$15,355,121$8,945,579$39,463,895