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%11.9%
1 years$313,800$311,005$308,278$305,616$303,017$300,604
2 years$155,347$152,454$149,650$146,931$144,294$141,861
3 years$102,536$99,630$96,833$94,140$91,546$89,169
4 years$76,135$73,239$70,470$67,823$65,291$62,989
5 years$60,299$57,420$54,687$52,094$49,633$47,412
6 years$49,745$46,888$44,196$41,660$39,273$37,136
7 years$42,210$39,376$36,727$34,251$31,940$29,887
8 years$36,561$33,753$31,147$28,732$26,497$24,529
9 years$32,169$29,388$26,827$24,474$22,314$20,431
10 years$28,658$25,904$23,388$21,097$19,013$17,213
11 years$25,787$23,061$20,591$18,360$16,352$14,633
12 years$23,397$20,698$18,274$16,104$14,170$12,532
13 years$21,376$18,705$16,326$14,218$12,357$10,797
14 years$19,645$17,002$14,669$12,621$10,832$9,349
15 years$18,146$15,532$13,244$11,256$9,537$8,129
16 years$16,835$14,250$12,008$10,078$8,429$7,093
17 years$15,681$13,124$10,927$9,055$7,474$6,208
18 years$14,655$12,127$9,975$8,161$6,645$5,447
19 years$13,739$11,239$9,131$7,374$5,923$4,790
20 years$12,915$10,444$8,380$6,678$5,291$4,221
21 years$12,171$9,728$7,708$6,061$4,734$3,725
22 years$11,495$9,081$7,104$5,511$4,244$3,292
23 years$10,879$8,493$6,560$5,019$3,809$2,914
24 years$10,315$7,958$6,067$4,578$3,424$2,582
25 years$9,797$7,468$5,619$4,180$3,081$2,289
26 years$9,320$7,019$5,211$3,822$2,775$2,032
27 years$8,878$6,605$4,839$3,499$2,502$1,805
28 years$8,469$6,224$4,499$3,206$2,258$1,605
29 years$8,089$5,872$4,186$2,940$2,039$1,427
30 years$7,735$5,545$3,899$2,698$1,842$1,270
31 years$7,405$5,242$3,635$2,478$1,665$1,131
32 years$7,095$4,960$3,392$2,277$1,507$1,007
33 years$6,805$4,697$3,167$2,094$1,363$897
34 years$6,533$4,452$2,959$1,927$1,234$800
35 years$6,277$4,223$2,766$1,774$1,118$713
36 years$6,035$4,008$2,588$1,633$1,013$636
37 years$5,807$3,807$2,422$1,505$918$567
38 years$5,592$3,618$2,268$1,387$832$506
39 years$5,388$3,440$2,125$1,279$755$451
40 years$5,195$3,273$1,992$1,180$685$403
41 years$5,012$3,115$1,868$1,088$621$360
42 years$4,838$2,967$1,752$1,005$564$321
43 years$4,672$2,827$1,644$927$512$287
44 years$4,515$2,695$1,543$856$464$256
45 years$4,365$2,570$1,449$791$421$229
46 years$4,222$2,451$1,361$730$383$204
47 years$4,085$2,339$1,279$675$348$182
48 years$3,954$2,233$1,202$624$316$163
49 years$3,830$2,133$1,129$576$287$145
50 years$3,710$2,037$1,062$533$260$130

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 $2,499 every year, while hoping to spend $39,447 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: 61/15/24 Blend
67$3,800,000$3,800,000$3,800,000$3,800,000
68$4,190,178$3,988,778$3,929,878$4,418,922
69$4,575,605$4,142,257$4,019,557$4,727,865
70$4,999,023$4,301,934$4,110,919$5,060,385
71$5,464,266$4,468,071$4,203,978$5,422,460
72$5,975,557$4,640,943$4,298,747$5,816,978
73$6,537,549$4,820,834$4,395,240$6,247,113
74$7,155,368$5,008,044$4,493,469$6,716,361
75$7,834,660$5,202,882$4,593,445$7,228,570
76$8,581,647$5,405,676$4,695,178$7,787,977
77$9,403,185$5,616,763$4,798,675$8,399,245
78$10,306,824$5,836,500$4,903,946$9,067,508
79$11,300,888$6,065,255$5,010,996$9,798,420
80$12,394,543$6,303,417$5,119,828$10,598,206
81$13,597,891$6,551,389$5,230,447$11,473,722
82$14,922,062$6,809,594$5,342,854$12,432,515
83$16,379,321$7,078,472$5,457,047$13,482,899
84$17,983,178$7,358,484$5,573,025$14,634,030
85$19,748,524$7,650,112$5,690,784$15,895,990
86$21,691,764$7,953,857$5,810,315$17,279,886
87$23,830,974$8,270,247$5,931,611$18,797,950
88$26,186,073$8,599,829$6,054,660$20,463,655
89$28,779,009$8,943,177$6,179,447$22,291,841
90$31,633,966$9,300,890$6,305,957$24,298,857
91$34,777,593$9,673,596$6,434,168$26,502,710
92$38,239,254$10,061,949$6,564,060$28,923,236
93$42,051,306$10,466,633$6,695,604$31,582,288
94$46,249,405$10,888,363$6,828,772$34,503,941
95$50,872,839$11,327,888$6,963,531$37,714,713
96$55,964,902$11,785,988$7,099,843$41,243,822
97$61,573,301$12,263,480$7,237,666$45,123,456
98$67,750,606$12,761,219$7,376,957$49,389,078
99$74,554,747$13,280,097$7,517,663$54,079,756
100$82,049,557$13,821,048$7,659,731$59,238,534