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%17.1%
1 years$255,995$253,715$251,490$249,319$247,198$240,055
2 years$126,730$124,370$122,083$119,865$117,714$110,573
3 years$83,648$81,277$78,996$76,799$74,682$67,769
4 years$62,110$59,747$57,489$55,329$53,264$46,631
5 years$49,192$46,843$44,613$42,498$40,490$34,156
6 years$40,582$38,251$36,054$33,986$32,039$26,008
7 years$34,434$32,123$29,961$27,942$26,056$20,329
8 years$29,826$27,535$25,410$23,440$21,616$16,190
9 years$26,243$23,974$21,885$19,965$18,204$13,073
10 years$23,379$21,132$19,080$17,210$15,511$10,668
11 years$21,037$18,813$16,798$14,978$13,340$8,777
12 years$19,087$16,885$14,908$13,138$11,560$7,268
13 years$17,438$15,259$13,319$11,599$10,080$6,050
14 years$16,026$13,870$11,967$10,296$8,836$5,058
15 years$14,803$12,671$10,805$9,182$7,780$4,243
16 years$13,734$11,625$9,796$8,222$6,876$3,570
17 years$12,792$10,706$8,914$7,387$6,097$3,010
18 years$11,956$9,893$8,137$6,657$5,421$2,543
19 years$11,208$9,169$7,449$6,015$4,832$2,152
20 years$10,536$8,520$6,837$5,448$4,316$1,824
21 years$9,929$7,936$6,288$4,945$3,862$1,548
22 years$9,377$7,408$5,796$4,496$3,462$1,314
23 years$8,875$6,929$5,351$4,094$3,108$1,117
24 years$8,415$6,492$4,949$3,734$2,793$950
25 years$7,992$6,092$4,584$3,410$2,514$809
26 years$7,603$5,726$4,251$3,118$2,264$689
27 years$7,243$5,389$3,948$2,854$2,041$587
28 years$6,909$5,078$3,670$2,615$1,842$500
29 years$6,599$4,790$3,415$2,398$1,663$426
30 years$6,310$4,524$3,181$2,201$1,503$363
31 years$6,041$4,276$2,966$2,021$1,359$310
32 years$5,788$4,046$2,767$1,858$1,229$264
33 years$5,552$3,832$2,584$1,708$1,112$226
34 years$5,329$3,632$2,414$1,572$1,007$192
35 years$5,120$3,445$2,257$1,447$912$164
36 years$4,924$3,270$2,111$1,333$826$140
37 years$4,738$3,105$1,976$1,228$749$120
38 years$4,562$2,951$1,850$1,132$679$102
39 years$4,396$2,806$1,734$1,043$616$87
40 years$4,238$2,670$1,625$962$559$74
41 years$4,089$2,542$1,524$888$507$64
42 years$3,947$2,420$1,429$819$460$54
43 years$3,812$2,306$1,341$756$417$46
44 years$3,683$2,198$1,259$698$379$40
45 years$3,561$2,096$1,182$645$344$34
46 years$3,444$2,000$1,110$596$312$29
47 years$3,333$1,908$1,043$550$283$25
48 years$3,226$1,822$980$509$257$21
49 years$3,124$1,740$921$470$234$18
50 years$3,027$1,662$866$435$212$15

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 $4,757 every year, while hoping to spend $23,245 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: 65/16/19 Blend
67$3,100,000$3,100,000$3,100,000$3,100,000
68$3,421,107$3,256,807$3,208,757$3,626,854
69$3,745,327$3,391,658$3,291,518$3,900,364
70$4,101,839$3,532,338$3,376,272$4,196,050
71$4,493,911$3,679,107$3,463,062$4,518,633
72$4,925,146$3,832,239$3,551,930$4,870,745
73$5,399,512$3,992,020$3,642,921$5,255,287
74$5,921,381$4,158,747$3,736,078$5,675,449
75$6,495,571$4,332,735$3,831,445$6,134,744
76$7,127,390$4,514,310$3,929,069$6,637,037
77$7,822,687$4,703,814$4,028,996$7,186,584
78$8,587,905$4,901,605$4,131,272$7,788,071
79$9,430,146$5,108,058$4,235,944$8,446,656
80$10,357,232$5,323,565$4,343,060$9,168,018
81$11,377,786$5,548,536$4,452,668$9,958,412
82$12,501,306$5,783,400$4,564,819$10,824,722
83$13,738,259$6,028,606$4,679,560$11,774,532
84$15,100,179$6,284,625$4,796,942$12,816,192
85$16,599,774$6,551,948$4,917,017$13,958,897
86$18,251,048$6,831,091$5,039,834$15,212,776
87$20,069,432$7,122,591$5,165,445$16,588,982
88$22,071,930$7,427,014$5,293,903$18,099,800
89$24,277,278$7,744,949$5,425,260$19,758,760
90$26,706,122$8,077,014$5,559,569$21,580,765
91$29,381,215$8,423,855$5,696,882$23,582,232
92$32,327,626$8,786,151$5,837,255$25,781,242
93$35,572,981$9,164,610$5,980,740$28,197,713
94$39,147,722$9,559,972$6,127,392$30,853,587
95$43,085,395$9,973,016$6,277,264$33,773,034
96$47,422,965$10,404,555$6,430,413$36,982,679
97$52,201,168$10,855,438$6,586,893$40,511,854
98$57,464,891$11,326,559$6,746,757$44,392,873
99$63,263,599$11,818,849$6,910,063$48,661,334
100$69,651,799$12,333,286$7,076,863$53,356,458