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

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 $3,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$313,800$311,005$308,278$305,616$303,017$301,360
2 years$155,347$152,454$149,650$146,931$144,294$142,622
3 years$102,536$99,630$96,833$94,140$91,546$89,911
4 years$76,135$73,239$70,470$67,823$65,291$63,706
5 years$60,299$57,420$54,687$52,094$49,633$48,102
6 years$49,745$46,888$44,196$41,660$39,273$37,798
7 years$42,210$39,376$36,727$34,251$31,940$30,521
8 years$36,561$33,753$31,147$28,732$26,497$25,135
9 years$32,169$29,388$26,827$24,474$22,314$21,009
10 years$28,658$25,904$23,388$21,097$19,013$17,763
11 years$25,787$23,061$20,591$18,360$16,352$15,157
12 years$23,397$20,698$18,274$16,104$14,170$13,029
13 years$21,376$18,705$16,326$14,218$12,357$11,269
14 years$19,645$17,002$14,669$12,621$10,832$9,796
15 years$18,146$15,532$13,244$11,256$9,537$8,551
16 years$16,835$14,250$12,008$10,078$8,429$7,492
17 years$15,681$13,124$10,927$9,055$7,474$6,584
18 years$14,655$12,127$9,975$8,161$6,645$5,802
19 years$13,739$11,239$9,131$7,374$5,923$5,124
20 years$12,915$10,444$8,380$6,678$5,291$4,535
21 years$12,171$9,728$7,708$6,061$4,734$4,020
22 years$11,495$9,081$7,104$5,511$4,244$3,569
23 years$10,879$8,493$6,560$5,019$3,809$3,173
24 years$10,315$7,958$6,067$4,578$3,424$2,824
25 years$9,797$7,468$5,619$4,180$3,081$2,516
26 years$9,320$7,019$5,211$3,822$2,775$2,244
27 years$8,878$6,605$4,839$3,499$2,502$2,003
28 years$8,469$6,224$4,499$3,206$2,258$1,789
29 years$8,089$5,872$4,186$2,940$2,039$1,599
30 years$7,735$5,545$3,899$2,698$1,842$1,429
31 years$7,405$5,242$3,635$2,478$1,665$1,279
32 years$7,095$4,960$3,392$2,277$1,507$1,145
33 years$6,805$4,697$3,167$2,094$1,363$1,025
34 years$6,533$4,452$2,959$1,927$1,234$918
35 years$6,277$4,223$2,766$1,774$1,118$823
36 years$6,035$4,008$2,588$1,633$1,013$737
37 years$5,807$3,807$2,422$1,505$918$661
38 years$5,592$3,618$2,268$1,387$832$593
39 years$5,388$3,440$2,125$1,279$755$532
40 years$5,195$3,273$1,992$1,180$685$477
41 years$5,012$3,115$1,868$1,088$621$428
42 years$4,838$2,967$1,752$1,005$564$384
43 years$4,672$2,827$1,644$927$512$345
44 years$4,515$2,695$1,543$856$464$309
45 years$4,365$2,570$1,449$791$421$278
46 years$4,222$2,451$1,361$730$383$249
47 years$4,085$2,339$1,279$675$348$224
48 years$3,954$2,233$1,202$624$316$201
49 years$3,830$2,133$1,129$576$287$180
50 years$3,710$2,037$1,062$533$260$162

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 $4,825 every year, while hoping to spend $50,230 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: 34/44/22 Blend
67$3,800,000$3,800,000$3,800,000$3,800,000
68$4,192,577$3,991,177$3,932,277$4,306,808
69$4,566,776$4,133,300$4,010,564$4,534,127
70$4,977,459$4,280,704$4,089,790$4,774,158
71$5,428,295$4,433,594$4,169,934$5,031,978
72$5,923,326$4,592,185$4,250,971$5,309,195
73$6,467,002$4,756,699$4,332,875$5,607,573
74$7,064,227$4,927,368$4,415,617$5,929,049
75$7,720,403$5,104,434$4,499,166$6,275,753
76$8,441,481$5,288,148$4,583,485$6,650,023
77$9,234,018$5,478,773$4,668,537$7,054,427
78$10,105,236$5,676,581$4,754,281$7,491,788
79$11,063,092$5,881,856$4,840,672$7,965,208
80$12,116,354$6,094,894$4,927,661$8,478,099
81$13,274,681$6,316,002$5,015,197$9,034,209
82$14,548,715$6,545,503$5,103,222$9,637,662
83$15,950,181$6,783,729$5,191,677$10,292,991
84$17,491,997$7,031,030$5,280,496$11,005,183
85$19,188,398$7,287,767$5,369,610$11,779,723
86$21,055,067$7,554,320$5,458,944$12,622,644
87$23,109,283$7,831,082$5,548,418$13,540,585
88$25,370,088$8,118,462$5,637,948$14,540,851
89$27,858,460$8,416,890$5,727,442$15,631,477
90$30,597,515$8,726,810$5,816,804$16,821,311
91$33,612,726$9,048,687$5,905,930$18,120,085
92$36,932,156$9,383,006$5,994,712$19,538,516
93$40,586,734$9,730,270$6,083,032$21,088,396
94$44,610,534$10,091,007$6,170,767$22,782,709
95$49,041,106$10,465,764$6,257,785$24,635,747
96$53,919,826$10,855,114$6,343,948$26,663,244
97$59,292,286$11,259,652$6,429,109$28,882,527
98$65,208,726$11,680,001$6,513,110$31,312,669
99$71,724,503$12,116,809$6,595,787$33,974,675
100$78,900,622$12,570,752$6,676,965$36,891,674