Can I retire at age 68 with 3,800,000?

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 $3,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$313,800$311,005$308,278$305,616$303,017$297,997
2 years$155,347$152,454$149,650$146,931$144,294$139,251
3 years$102,536$99,630$96,833$94,140$91,546$86,637
4 years$76,135$73,239$70,470$67,823$65,291$60,554
5 years$60,299$57,420$54,687$52,094$49,633$45,082
6 years$49,745$46,888$44,196$41,660$39,273$34,913
7 years$42,210$39,376$36,727$34,251$31,940$27,771
8 years$36,561$33,753$31,147$28,732$26,497$22,520
9 years$32,169$29,388$26,827$24,474$22,314$18,526
10 years$28,658$25,904$23,388$21,097$19,013$15,411
11 years$25,787$23,061$20,591$18,360$16,352$12,931
12 years$23,397$20,698$18,274$16,104$14,170$10,927
13 years$21,376$18,705$16,326$14,218$12,357$9,287
14 years$19,645$17,002$14,669$12,621$10,832$7,929
15 years$18,146$15,532$13,244$11,256$9,537$6,797
16 years$16,835$14,250$12,008$10,078$8,429$5,845
17 years$15,681$13,124$10,927$9,055$7,474$5,041
18 years$14,655$12,127$9,975$8,161$6,645$4,357
19 years$13,739$11,239$9,131$7,374$5,923$3,774
20 years$12,915$10,444$8,380$6,678$5,291$3,274
21 years$12,171$9,728$7,708$6,061$4,734$2,844
22 years$11,495$9,081$7,104$5,511$4,244$2,474
23 years$10,879$8,493$6,560$5,019$3,809$2,155
24 years$10,315$7,958$6,067$4,578$3,424$1,878
25 years$9,797$7,468$5,619$4,180$3,081$1,639
26 years$9,320$7,019$5,211$3,822$2,775$1,430
27 years$8,878$6,605$4,839$3,499$2,502$1,249
28 years$8,469$6,224$4,499$3,206$2,258$1,092
29 years$8,089$5,872$4,186$2,940$2,039$955
30 years$7,735$5,545$3,899$2,698$1,842$835
31 years$7,405$5,242$3,635$2,478$1,665$731
32 years$7,095$4,960$3,392$2,277$1,507$640
33 years$6,805$4,697$3,167$2,094$1,363$560
34 years$6,533$4,452$2,959$1,927$1,234$491
35 years$6,277$4,223$2,766$1,774$1,118$430
36 years$6,035$4,008$2,588$1,633$1,013$376
37 years$5,807$3,807$2,422$1,505$918$330
38 years$5,592$3,618$2,268$1,387$832$289
39 years$5,388$3,440$2,125$1,279$755$253
40 years$5,195$3,273$1,992$1,180$685$222
41 years$5,012$3,115$1,868$1,088$621$195
42 years$4,838$2,967$1,752$1,005$564$171
43 years$4,672$2,827$1,644$927$512$150
44 years$4,515$2,695$1,543$856$464$131
45 years$4,365$2,570$1,449$791$421$115
46 years$4,222$2,451$1,361$730$383$101
47 years$4,085$2,339$1,279$675$348$88
48 years$3,954$2,233$1,202$624$316$78
49 years$3,830$2,133$1,129$576$287$68
50 years$3,710$2,037$1,062$533$260$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $3,800,000, adding $3,129 every year, while hoping to spend $38,173 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: 69/16/15 Blend
67$3,800,000$3,800,000$3,800,000$3,800,000
68$4,190,828$3,989,428$3,930,528$4,465,268
69$4,577,676$4,144,294$4,021,584$4,803,179
70$5,002,704$4,305,469$4,114,412$5,167,910
71$5,469,765$4,473,222$4,209,030$5,565,988
72$5,983,105$4,647,834$4,305,457$6,000,690
73$6,547,401$4,829,597$4,403,709$6,475,625
74$7,167,807$5,018,819$4,503,805$6,994,767
75$7,850,001$5,215,818$4,605,760$7,562,487
76$8,600,238$5,420,930$4,709,589$8,183,602
77$9,425,408$5,634,502$4,815,307$8,863,413
78$10,333,107$5,856,900$4,922,926$9,607,756
79$11,331,700$6,088,503$5,032,460$10,423,060
80$12,430,404$6,329,711$5,143,919$11,316,401
81$13,639,377$6,580,938$5,257,311$12,295,574
82$14,969,808$6,842,620$5,372,646$13,369,163
83$16,434,029$7,115,208$5,489,931$14,546,620
84$18,045,626$7,399,179$5,609,169$15,838,356
85$19,819,568$7,695,027$5,730,364$17,255,840
86$21,772,351$8,003,270$5,853,518$18,811,699
87$23,922,150$8,324,450$5,978,630$20,519,846
88$26,288,992$8,659,131$6,105,698$22,395,603
89$28,894,946$9,007,905$6,234,715$24,455,850
90$31,764,329$9,371,391$6,365,676$26,719,179
91$34,923,934$9,750,233$6,498,571$29,206,071
92$38,403,289$10,145,107$6,633,386$31,939,088
93$42,234,926$10,556,719$6,770,106$34,943,086
94$46,454,697$10,985,807$6,908,713$38,245,445
95$51,102,107$11,433,143$7,049,186$41,876,332
96$56,220,687$11,899,532$7,191,499$45,868,977
97$61,858,407$12,385,818$7,335,623$50,259,993
98$68,068,125$12,892,884$7,481,527$55,089,717
99$74,908,089$13,421,651$7,629,174$60,402,588
100$82,442,485$13,973,083$7,778,523$66,247,568