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%13.1%
1 years$313,800$311,005$308,278$305,616$303,017$299,107
2 years$155,347$152,454$149,650$146,931$144,294$140,360
3 years$102,536$99,630$96,833$94,140$91,546$87,710
4 years$76,135$73,239$70,470$67,823$65,291$61,584
5 years$60,299$57,420$54,687$52,094$49,633$46,065
6 years$49,745$46,888$44,196$41,660$39,273$35,848
7 years$42,210$39,376$36,727$34,251$31,940$28,659
8 years$36,561$33,753$31,147$28,732$26,497$23,360
9 years$32,169$29,388$26,827$24,474$22,314$19,321
10 years$28,658$25,904$23,388$21,097$19,013$16,160
11 years$25,787$23,061$20,591$18,360$16,352$13,637
12 years$23,397$20,698$18,274$16,104$14,170$11,590
13 years$21,376$18,705$16,326$14,218$12,357$9,908
14 years$19,645$17,002$14,669$12,621$10,832$8,511
15 years$18,146$15,532$13,244$11,256$9,537$7,341
16 years$16,835$14,250$12,008$10,078$8,429$6,353
17 years$15,681$13,124$10,927$9,055$7,474$5,513
18 years$14,655$12,127$9,975$8,161$6,645$4,796
19 years$13,739$11,239$9,131$7,374$5,923$4,182
20 years$12,915$10,444$8,380$6,678$5,291$3,652
21 years$12,171$9,728$7,708$6,061$4,734$3,195
22 years$11,495$9,081$7,104$5,511$4,244$2,798
23 years$10,879$8,493$6,560$5,019$3,809$2,454
24 years$10,315$7,958$6,067$4,578$3,424$2,154
25 years$9,797$7,468$5,619$4,180$3,081$1,892
26 years$9,320$7,019$5,211$3,822$2,775$1,664
27 years$8,878$6,605$4,839$3,499$2,502$1,464
28 years$8,469$6,224$4,499$3,206$2,258$1,289
29 years$8,089$5,872$4,186$2,940$2,039$1,135
30 years$7,735$5,545$3,899$2,698$1,842$1,000
31 years$7,405$5,242$3,635$2,478$1,665$882
32 years$7,095$4,960$3,392$2,277$1,507$778
33 years$6,805$4,697$3,167$2,094$1,363$686
34 years$6,533$4,452$2,959$1,927$1,234$605
35 years$6,277$4,223$2,766$1,774$1,118$534
36 years$6,035$4,008$2,588$1,633$1,013$472
37 years$5,807$3,807$2,422$1,505$918$416
38 years$5,592$3,618$2,268$1,387$832$368
39 years$5,388$3,440$2,125$1,279$755$325
40 years$5,195$3,273$1,992$1,180$685$287
41 years$5,012$3,115$1,868$1,088$621$253
42 years$4,838$2,967$1,752$1,005$564$224
43 years$4,672$2,827$1,644$927$512$198
44 years$4,515$2,695$1,543$856$464$175
45 years$4,365$2,570$1,449$791$421$155
46 years$4,222$2,451$1,361$730$383$137
47 years$4,085$2,339$1,279$675$348$121
48 years$3,954$2,233$1,202$624$316$107
49 years$3,830$2,133$1,129$576$287$94
50 years$3,710$2,037$1,062$533$260$83

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 $5,468 every year, while hoping to spend $41,320 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: 67/9/24 Blend
67$3,800,000$3,800,000$3,800,000$3,800,000
68$4,193,240$3,991,840$3,932,940$4,447,977
69$4,576,987$4,143,476$4,020,730$4,771,411
70$4,998,490$4,301,158$4,110,075$5,119,784
71$5,461,559$4,465,137$4,200,985$5,499,832
72$5,970,387$4,635,677$4,293,467$5,914,679
73$6,529,595$4,813,055$4,387,527$6,367,765
74$7,144,275$4,997,556$4,483,171$6,862,877
75$7,820,035$5,189,480$4,580,401$7,404,185
76$8,563,055$5,389,141$4,679,220$7,996,282
77$9,380,142$5,596,864$4,779,630$8,644,225
78$10,278,797$5,812,991$4,881,628$9,353,586
79$11,267,284$6,037,877$4,985,212$10,130,498
80$12,354,708$6,271,894$5,090,378$10,981,718
81$13,551,102$6,515,430$5,197,119$11,914,689
82$14,867,518$6,768,891$5,305,427$12,937,608
83$16,316,137$7,032,698$5,415,290$14,059,505
84$17,910,376$7,307,294$5,526,696$15,290,326
85$19,665,023$7,593,139$5,639,629$16,641,029
86$21,596,369$7,890,717$5,754,070$18,123,683
87$23,722,366$8,200,530$5,869,999$19,751,586
88$26,062,795$8,523,103$5,987,391$21,539,386
89$28,639,451$8,858,986$6,106,219$23,503,220
90$31,476,351$9,208,752$6,226,453$25,660,869
91$34,599,958$9,573,000$6,348,059$28,031,920
92$38,039,433$9,952,357$6,470,999$30,637,952
93$41,826,909$10,347,476$6,595,231$33,502,743
94$45,997,792$10,759,040$6,720,709$36,652,488
95$50,591,098$11,187,764$6,847,384$40,116,048
96$55,649,819$11,634,394$6,975,201$43,925,225
97$61,221,331$12,099,710$7,104,100$48,115,056
98$67,357,836$12,584,525$7,234,017$52,724,146
99$74,116,861$13,089,692$7,364,882$57,795,032
100$81,561,795$13,616,101$7,496,619$63,374,583