Can I retire at age 68 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$280,769$278,268$275,828$273,446$271,121$260,982
2 years$138,994$136,406$133,897$131,465$129,105$119,007
3 years$91,743$89,143$86,640$84,231$81,910$72,169
4 years$68,121$65,529$63,052$60,683$58,419$49,111
5 years$53,952$51,376$48,931$46,611$44,409$35,557
6 years$44,509$41,952$39,543$37,275$35,139$26,750
7 years$37,767$35,231$32,861$30,646$28,578$20,648
8 years$32,712$30,200$27,869$25,708$23,708$16,231
9 years$28,783$26,294$24,003$21,897$19,965$12,931
10 years$25,642$23,177$20,926$18,876$17,012$10,407
11 years$23,073$20,633$18,423$16,428$14,631$8,441
12 years$20,934$18,519$16,350$14,409$12,679$6,889
13 years$19,126$16,736$14,608$12,721$11,056$5,650
14 years$17,577$15,213$13,125$11,292$9,692$4,651
15 years$16,236$13,897$11,850$10,071$8,533$3,841
16 years$15,063$12,750$10,744$9,017$7,542$3,181
17 years$14,030$11,742$9,777$8,102$6,687$2,639
18 years$13,112$10,851$8,925$7,302$5,946$2,194
19 years$12,293$10,056$8,170$6,598$5,300$1,826
20 years$11,556$9,345$7,498$5,975$4,734$1,522
21 years$10,890$8,704$6,897$5,423$4,236$1,269
22 years$10,285$8,125$6,357$4,931$3,797$1,060
23 years$9,734$7,599$5,869$4,491$3,408$885
24 years$9,229$7,120$5,428$4,096$3,064$740
25 years$8,766$6,682$5,027$3,740$2,757$619
26 years$8,339$6,280$4,663$3,420$2,483$518
27 years$7,944$5,910$4,330$3,130$2,239$433
28 years$7,578$5,569$4,025$2,868$2,020$363
29 years$7,238$5,254$3,746$2,630$1,824$304
30 years$6,921$4,962$3,489$2,414$1,648$254
31 years$6,625$4,690$3,253$2,217$1,490$213
32 years$6,348$4,438$3,035$2,037$1,348$178
33 years$6,089$4,203$2,834$1,874$1,220$149
34 years$5,845$3,983$2,648$1,724$1,104$125
35 years$5,616$3,778$2,475$1,587$1,000$105
36 years$5,400$3,586$2,316$1,461$906$88
37 years$5,196$3,406$2,167$1,347$821$74
38 years$5,003$3,237$2,030$1,241$745$62
39 years$4,821$3,078$1,901$1,144$675$52
40 years$4,648$2,928$1,782$1,056$613$43
41 years$4,484$2,788$1,671$974$556$36
42 years$4,329$2,655$1,568$899$504$30
43 years$4,181$2,529$1,471$830$458$26
44 years$4,040$2,411$1,381$766$415$21
45 years$3,905$2,299$1,297$707$377$18
46 years$3,777$2,193$1,218$654$342$15
47 years$3,655$2,093$1,144$604$311$13
48 years$3,538$1,998$1,075$558$282$11
49 years$3,426$1,908$1,011$516$256$9
50 years$3,320$1,823$950$477$233$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $3,400,000, adding $5,318 every year, while hoping to spend $36,805 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: 77/11/12 Blend
67$3,400,000$3,400,000$3,400,000$3,400,000
68$3,752,286$3,572,086$3,519,386$4,032,139
69$4,095,858$3,707,957$3,598,125$4,353,044
70$4,473,242$3,849,254$3,678,268$4,699,622
71$4,887,847$3,996,201$3,759,824$5,078,613
72$5,343,428$4,149,036$3,842,799$5,493,234
73$5,844,126$4,308,006$3,927,201$5,947,026
74$6,394,497$4,473,370$4,013,033$6,443,887
75$6,999,567$4,645,395$4,100,300$6,988,112
76$7,664,867$4,824,364$4,189,005$7,584,429
77$8,396,496$5,010,570$4,279,149$8,238,046
78$9,201,170$5,204,319$4,370,731$8,954,698
79$10,086,289$5,405,932$4,463,751$9,740,701
80$11,060,009$5,615,741$4,558,205$10,603,013
81$12,131,313$5,834,095$4,654,088$11,549,298
82$13,310,101$6,061,359$4,751,394$12,587,996
83$14,607,279$6,297,913$4,850,113$13,728,404
84$16,034,864$6,544,154$4,950,235$14,980,766
85$17,606,099$6,800,497$5,051,747$16,356,364
86$19,335,574$7,067,374$5,154,633$17,867,625
87$21,239,366$7,345,238$5,258,876$19,528,243
88$23,335,188$7,634,562$5,364,456$21,353,301
89$25,642,561$7,935,839$5,471,349$23,359,416
90$28,182,992$8,249,585$5,579,529$25,564,895
91$30,980,181$8,576,339$5,688,966$27,989,906
92$34,060,243$8,916,662$5,799,630$30,656,671
93$37,451,953$9,271,145$5,911,484$33,589,670
94$41,187,022$9,640,400$6,024,488$36,815,877
95$45,300,389$10,025,071$6,138,599$40,365,008
96$49,830,557$10,425,827$6,253,770$44,269,806
97$54,819,951$10,843,370$6,369,949$48,566,347
98$60,315,325$11,278,434$6,487,081$53,294,378
99$66,368,194$11,731,783$6,605,104$58,497,696
100$73,035,328$12,204,219$6,723,954$64,224,555