Can I retire at age 68 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$322,058$319,190$316,391$313,659$310,991$301,036
2 years$159,435$156,466$153,588$150,798$148,091$138,153
3 years$105,234$102,252$99,381$96,617$93,955$84,347
4 years$78,139$75,166$72,324$69,607$67,010$57,804
5 years$61,886$58,931$56,127$53,465$50,940$42,161
6 years$51,055$48,122$45,359$42,757$40,307$31,963
7 years$43,321$40,412$37,693$35,153$32,780$24,871
8 years$37,523$34,641$31,967$29,489$27,194$19,713
9 years$33,016$30,161$27,533$25,118$22,902$15,841
10 years$29,412$26,586$24,004$21,652$19,513$12,862
11 years$26,466$23,668$21,133$18,843$16,782$10,527
12 years$24,013$21,243$18,755$16,528$14,543$8,672
13 years$21,938$19,197$16,756$14,592$12,682$7,180
14 years$20,161$17,450$15,055$12,953$11,117$5,969
15 years$18,623$15,941$13,593$11,552$9,788$4,979
16 years$17,278$14,625$12,324$10,343$8,651$4,165
17 years$16,093$13,469$11,214$9,294$7,670$3,491
18 years$15,041$12,446$10,237$8,375$6,820$2,932
19 years$14,100$11,535$9,372$7,568$6,079$2,467
20 years$13,255$10,719$8,601$6,854$5,430$2,078
21 years$12,491$9,984$7,911$6,221$4,859$1,752
22 years$11,797$9,320$7,291$5,656$4,355$1,479
23 years$11,165$8,717$6,732$5,151$3,910$1,249
24 years$10,586$8,167$6,226$4,698$3,514$1,056
25 years$10,055$7,664$5,767$4,290$3,162$893
26 years$9,565$7,203$5,348$3,923$2,848$755
27 years$9,112$6,779$4,966$3,591$2,568$639
28 years$8,692$6,388$4,617$3,290$2,317$541
29 years$8,302$6,026$4,296$3,017$2,092$458
30 years$7,939$5,691$4,002$2,769$1,891$388
31 years$7,599$5,380$3,731$2,543$1,709$329
32 years$7,282$5,091$3,481$2,337$1,546$279
33 years$6,984$4,821$3,250$2,149$1,399$236
34 years$6,705$4,569$3,037$1,977$1,267$200
35 years$6,442$4,334$2,839$1,820$1,147$170
36 years$6,194$4,113$2,656$1,676$1,040$144
37 years$5,960$3,907$2,486$1,545$942$122
38 years$5,739$3,713$2,328$1,424$854$103
39 years$5,530$3,531$2,181$1,313$775$88
40 years$5,332$3,359$2,044$1,211$703$74
41 years$5,144$3,197$1,917$1,117$637$63
42 years$4,965$3,045$1,798$1,031$578$53
43 years$4,795$2,901$1,687$952$525$45
44 years$4,634$2,766$1,584$879$477$38
45 years$4,480$2,637$1,487$812$433$33
46 years$4,333$2,516$1,397$750$393$28
47 years$4,193$2,401$1,312$693$357$23
48 years$4,059$2,292$1,233$640$324$20
49 years$3,930$2,189$1,159$591$294$17
50 years$3,808$2,091$1,090$547$267$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $3,900,000, adding $5,428 every year, while hoping to spend $59,159 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: 57/19/24 Blend
67$3,900,000$3,900,000$3,900,000$3,900,000
68$4,303,399$4,096,699$4,036,249$4,520,379
69$4,679,401$4,234,493$4,108,519$4,807,124
70$5,091,772$4,377,055$4,181,227$5,112,750
71$5,544,160$4,524,558$4,254,325$5,444,597
72$6,040,583$4,677,179$4,327,762$5,805,213
73$6,585,464$4,835,103$4,401,484$6,197,401
74$7,183,678$4,998,520$4,475,431$6,624,245
75$7,840,594$5,167,629$4,549,539$7,089,142
76$8,562,128$5,342,636$4,623,742$7,595,833
77$9,354,795$5,523,755$4,697,967$8,148,434
78$10,225,773$5,711,207$4,772,138$8,751,481
79$11,182,969$5,905,224$4,846,172$9,409,965
80$12,235,096$6,106,044$4,919,983$10,129,385
81$13,391,751$6,313,915$4,993,477$10,915,797
82$14,663,508$6,529,095$5,066,557$11,775,870
83$16,062,016$6,751,851$5,139,117$12,716,948
84$17,600,112$6,982,462$5,211,047$13,747,123
85$19,291,936$7,221,215$5,282,230$14,875,306
86$21,153,070$7,468,411$5,352,541$16,111,313
87$23,200,679$7,724,360$5,421,848$17,465,956
88$25,453,680$7,989,385$5,490,011$18,951,147
89$27,932,913$8,263,822$5,556,884$20,580,008
90$30,661,341$8,548,020$5,622,310$22,366,992
91$33,664,265$8,842,341$5,686,125$24,328,026
92$36,969,565$9,147,160$5,748,155$26,480,653
93$40,607,959$9,462,870$5,808,217$28,844,201
94$44,613,296$9,789,875$5,866,117$31,439,965
95$49,022,871$10,128,598$5,921,651$34,291,406
96$53,877,783$10,479,478$5,974,605$37,424,374
97$59,223,314$10,842,970$6,024,752$40,867,348
98$65,109,365$11,219,549$6,071,854$44,651,708
99$71,590,919$11,609,705$6,115,660$48,812,027
100$78,728,564$12,013,952$6,155,906$53,386,400