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%17.3%
1 years$255,995$253,715$251,490$249,319$247,198$239,862
2 years$126,730$124,370$122,083$119,865$117,714$110,383
3 years$83,648$81,277$78,996$76,799$74,682$67,587
4 years$62,110$59,747$57,489$55,329$53,264$46,459
5 years$49,192$46,843$44,613$42,498$40,490$33,994
6 years$40,582$38,251$36,054$33,986$32,039$25,856
7 years$34,434$32,123$29,961$27,942$26,056$20,188
8 years$29,826$27,535$25,410$23,440$21,616$16,058
9 years$26,243$23,974$21,885$19,965$18,204$12,951
10 years$23,379$21,132$19,080$17,210$15,511$10,555
11 years$21,037$18,813$16,798$14,978$13,340$8,673
12 years$19,087$16,885$14,908$13,138$11,560$7,173
13 years$17,438$15,259$13,319$11,599$10,080$5,963
14 years$16,026$13,870$11,967$10,296$8,836$4,978
15 years$14,803$12,671$10,805$9,182$7,780$4,170
16 years$13,734$11,625$9,796$8,222$6,876$3,503
17 years$12,792$10,706$8,914$7,387$6,097$2,950
18 years$11,956$9,893$8,137$6,657$5,421$2,488
19 years$11,208$9,169$7,449$6,015$4,832$2,103
20 years$10,536$8,520$6,837$5,448$4,316$1,779
21 years$9,929$7,936$6,288$4,945$3,862$1,507
22 years$9,377$7,408$5,796$4,496$3,462$1,278
23 years$8,875$6,929$5,351$4,094$3,108$1,085
24 years$8,415$6,492$4,949$3,734$2,793$921
25 years$7,992$6,092$4,584$3,410$2,514$783
26 years$7,603$5,726$4,251$3,118$2,264$666
27 years$7,243$5,389$3,948$2,854$2,041$566
28 years$6,909$5,078$3,670$2,615$1,842$482
29 years$6,599$4,790$3,415$2,398$1,663$410
30 years$6,310$4,524$3,181$2,201$1,503$349
31 years$6,041$4,276$2,966$2,021$1,359$297
32 years$5,788$4,046$2,767$1,858$1,229$253
33 years$5,552$3,832$2,584$1,708$1,112$215
34 years$5,329$3,632$2,414$1,572$1,007$184
35 years$5,120$3,445$2,257$1,447$912$156
36 years$4,924$3,270$2,111$1,333$826$133
37 years$4,738$3,105$1,976$1,228$749$114
38 years$4,562$2,951$1,850$1,132$679$97
39 years$4,396$2,806$1,734$1,043$616$82
40 years$4,238$2,670$1,625$962$559$70
41 years$4,089$2,542$1,524$888$507$60
42 years$3,947$2,420$1,429$819$460$51
43 years$3,812$2,306$1,341$756$417$44
44 years$3,683$2,198$1,259$698$379$37
45 years$3,561$2,096$1,182$645$344$32
46 years$3,444$2,000$1,110$596$312$27
47 years$3,333$1,908$1,043$550$283$23
48 years$3,226$1,822$980$509$257$20
49 years$3,124$1,740$921$470$234$17
50 years$3,027$1,662$866$435$212$14

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 $5,215 every year, while hoping to spend $25,510 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: 40/33/27 Blend
67$3,100,000$3,100,000$3,100,000$3,100,000
68$3,421,579$3,257,279$3,209,229$3,530,969
69$3,743,438$3,389,744$3,289,596$3,743,272
70$4,097,271$3,527,844$3,371,800$3,970,043
71$4,486,313$3,671,829$3,455,876$4,214,895
72$4,914,128$3,821,959$3,541,859$4,479,500
73$5,384,642$3,978,508$3,629,784$4,765,692
74$5,902,180$4,141,759$3,719,686$5,075,486
75$6,471,509$4,312,012$3,811,602$5,411,097
76$7,097,879$4,489,577$3,905,567$5,774,957
77$7,787,077$4,674,780$4,001,618$6,169,740
78$8,545,477$4,867,963$4,099,790$6,598,384
79$9,380,104$5,069,481$4,200,121$7,064,118
80$10,298,697$5,279,708$4,302,648$7,570,495
81$11,309,784$5,499,033$4,407,406$8,121,417
82$12,422,761$5,727,865$4,514,433$8,721,180
83$13,647,982$5,966,630$4,623,766$9,374,504
84$14,996,856$6,215,774$4,735,442$10,086,583
85$16,481,954$6,475,766$4,849,498$10,863,132
86$18,117,127$6,747,092$4,965,970$11,710,435
87$19,917,639$7,030,265$5,084,895$12,635,408
88$21,900,310$7,325,819$5,206,311$13,645,660
89$24,083,671$7,634,314$5,330,252$14,749,565
90$26,488,146$7,956,336$5,456,756$15,956,337
91$29,136,237$8,292,497$5,585,857$17,276,117
92$32,052,742$8,643,438$5,717,592$18,720,070
93$35,264,985$9,009,830$5,851,995$20,300,480
94$38,803,078$9,392,376$5,989,101$22,030,875
95$42,700,199$9,791,810$6,128,944$23,926,143
96$46,992,913$10,208,901$6,271,556$26,002,677
97$51,721,507$10,644,455$6,416,971$28,278,525
98$56,930,381$11,099,313$6,565,219$30,773,557
99$62,668,458$11,574,358$6,716,332$33,509,654
100$68,989,651$12,070,512$6,870,340$36,510,907