Can I retire at age 68 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$255,995$253,715$251,490$249,319$247,198$239,190
2 years$126,730$124,370$122,083$119,865$117,714$109,720
3 years$83,648$81,277$78,996$76,799$74,682$66,955
4 years$62,110$59,747$57,489$55,329$53,264$45,862
5 years$49,192$46,843$44,613$42,498$40,490$33,433
6 years$40,582$38,251$36,054$33,986$32,039$25,333
7 years$34,434$32,123$29,961$27,942$26,056$19,700
8 years$29,826$27,535$25,410$23,440$21,616$15,606
9 years$26,243$23,974$21,885$19,965$18,204$12,532
10 years$23,379$21,132$19,080$17,210$15,511$10,169
11 years$21,037$18,813$16,798$14,978$13,340$8,318
12 years$19,087$16,885$14,908$13,138$11,560$6,847
13 years$17,438$15,259$13,319$11,599$10,080$5,665
14 years$16,026$13,870$11,967$10,296$8,836$4,707
15 years$14,803$12,671$10,805$9,182$7,780$3,923
16 years$13,734$11,625$9,796$8,222$6,876$3,279
17 years$12,792$10,706$8,914$7,387$6,097$2,747
18 years$11,956$9,893$8,137$6,657$5,421$2,306
19 years$11,208$9,169$7,449$6,015$4,832$1,938
20 years$10,536$8,520$6,837$5,448$4,316$1,631
21 years$9,929$7,936$6,288$4,945$3,862$1,374
22 years$9,377$7,408$5,796$4,496$3,462$1,159
23 years$8,875$6,929$5,351$4,094$3,108$978
24 years$8,415$6,492$4,949$3,734$2,793$826
25 years$7,992$6,092$4,584$3,410$2,514$698
26 years$7,603$5,726$4,251$3,118$2,264$590
27 years$7,243$5,389$3,948$2,854$2,041$499
28 years$6,909$5,078$3,670$2,615$1,842$422
29 years$6,599$4,790$3,415$2,398$1,663$357
30 years$6,310$4,524$3,181$2,201$1,503$302
31 years$6,041$4,276$2,966$2,021$1,359$256
32 years$5,788$4,046$2,767$1,858$1,229$217
33 years$5,552$3,832$2,584$1,708$1,112$184
34 years$5,329$3,632$2,414$1,572$1,007$155
35 years$5,120$3,445$2,257$1,447$912$132
36 years$4,924$3,270$2,111$1,333$826$112
37 years$4,738$3,105$1,976$1,228$749$94
38 years$4,562$2,951$1,850$1,132$679$80
39 years$4,396$2,806$1,734$1,043$616$68
40 years$4,238$2,670$1,625$962$559$57
41 years$4,089$2,542$1,524$888$507$49
42 years$3,947$2,420$1,429$819$460$41
43 years$3,812$2,306$1,341$756$417$35
44 years$3,683$2,198$1,259$698$379$30
45 years$3,561$2,096$1,182$645$344$25
46 years$3,444$2,000$1,110$596$312$21
47 years$3,333$1,908$1,043$550$283$18
48 years$3,226$1,822$980$509$257$15
49 years$3,124$1,740$921$470$234$13
50 years$3,027$1,662$866$435$212$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $3,100,000, adding $6,670 every year, while hoping to spend $26,350 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: 59/20/21 Blend
67$3,100,000$3,100,000$3,100,000$3,100,000
68$3,423,080$3,258,780$3,210,730$3,605,621
69$3,744,198$3,390,424$3,290,253$3,861,973
70$4,097,187$3,527,636$3,371,558$4,137,980
71$4,485,270$3,670,659$3,454,674$4,438,420
72$4,911,997$3,819,752$3,539,636$4,765,661
73$5,381,282$3,975,180$3,626,475$5,122,311
74$5,897,434$4,137,225$3,715,223$5,511,238
75$6,465,202$4,306,179$3,805,912$5,935,598
76$7,089,818$4,482,348$3,898,576$6,398,865
77$7,777,048$4,666,052$3,993,247$6,904,860
78$8,533,244$4,857,625$4,089,958$7,457,793
79$9,365,404$5,057,418$4,188,741$8,062,293
80$10,281,241$5,265,797$4,289,629$8,723,458
81$11,289,250$5,483,143$4,392,654$9,446,901
82$12,398,795$5,709,859$4,497,850$10,238,799
83$13,620,192$5,946,362$4,605,248$11,105,956
84$14,964,808$6,193,090$4,714,880$12,055,862
85$16,445,169$6,450,502$4,826,779$13,096,762
86$18,075,076$6,719,076$4,940,976$14,237,738
87$19,869,737$6,999,315$5,057,502$15,488,790
88$21,845,910$7,291,741$5,176,388$16,860,931
89$24,022,061$7,596,905$5,297,665$18,366,288
90$26,418,538$7,915,379$5,421,363$20,018,218
91$29,057,760$8,247,764$5,547,511$21,831,432
92$31,964,437$8,594,690$5,676,137$23,822,130
93$35,165,792$8,956,812$5,807,270$26,008,160
94$38,691,826$9,334,819$5,940,937$28,409,176
95$42,575,598$9,729,431$6,077,164$31,046,831
96$46,853,537$10,141,401$6,215,977$33,944,972
97$51,565,785$10,571,517$6,357,400$37,129,871
98$56,756,578$11,020,605$6,501,456$40,630,466
99$62,474,662$11,489,526$6,648,167$44,478,638
100$68,773,750$11,979,186$6,797,553$48,709,504