Can I retire at age 68 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$297,285$294,637$292,053$289,531$287,069$278,998
2 years$147,171$144,430$141,773$139,198$136,700$128,630
3 years$97,139$94,386$91,737$89,185$86,728$78,912
4 years$72,128$69,384$66,761$64,253$61,855$54,353
5 years$57,126$54,398$51,809$49,352$47,021$39,854
6 years$47,127$44,420$41,869$39,468$37,206$30,380
7 years$39,988$37,304$34,794$32,448$30,259$23,773
8 years$34,637$31,976$29,508$27,220$25,102$18,955
9 years$30,476$27,841$25,415$23,186$21,140$15,324
10 years$27,150$24,541$22,157$19,986$18,012$12,520
11 years$24,430$21,847$19,507$17,394$15,491$10,314
12 years$22,165$19,609$17,312$15,257$13,424$8,553
13 years$20,251$17,721$15,467$13,470$11,706$7,129
14 years$18,611$16,107$13,897$11,957$10,262$5,968
15 years$17,191$14,714$12,547$10,663$9,035$5,014
16 years$15,949$13,500$11,376$9,548$7,985$4,224
17 years$14,855$12,433$10,352$8,579$7,080$3,567
18 years$13,884$11,489$9,450$7,731$6,295$3,018
19 years$13,016$10,648$8,651$6,986$5,611$2,558
20 years$12,235$9,894$7,939$6,327$5,012$2,171
21 years$11,530$9,216$7,303$5,742$4,485$1,845
22 years$10,890$8,603$6,731$5,221$4,020$1,570
23 years$10,306$8,046$6,214$4,755$3,609$1,336
24 years$9,772$7,539$5,747$4,337$3,244$1,138
25 years$9,281$7,075$5,323$3,960$2,919$970
26 years$8,829$6,649$4,937$3,621$2,629$828
27 years$8,411$6,258$4,584$3,315$2,371$706
28 years$8,024$5,897$4,262$3,037$2,139$603
29 years$7,664$5,563$3,966$2,785$1,931$515
30 years$7,328$5,253$3,694$2,556$1,745$440
31 years$7,015$4,966$3,444$2,347$1,578$376
32 years$6,722$4,699$3,213$2,157$1,427$321
33 years$6,447$4,450$3,000$1,984$1,292$274
34 years$6,189$4,218$2,803$1,825$1,169$234
35 years$5,946$4,000$2,621$1,680$1,059$200
36 years$5,718$3,797$2,452$1,547$960$171
37 years$5,502$3,606$2,295$1,426$870$146
38 years$5,298$3,427$2,149$1,314$789$125
39 years$5,105$3,259$2,013$1,212$715$107
40 years$4,922$3,101$1,887$1,118$649$92
41 years$4,748$2,951$1,770$1,031$588$78
42 years$4,583$2,811$1,660$952$534$67
43 years$4,427$2,678$1,558$878$485$57
44 years$4,277$2,553$1,462$811$440$49
45 years$4,135$2,434$1,373$749$399$42
46 years$3,999$2,322$1,289$692$363$36
47 years$3,870$2,216$1,211$639$329$31
48 years$3,746$2,116$1,138$591$299$26
49 years$3,628$2,020$1,070$546$272$22
50 years$3,515$1,930$1,006$505$247$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $3,600,000, adding $2,547 every year, while hoping to spend $31,534 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: 56/32/12 Blend
67$3,600,000$3,600,000$3,600,000$3,600,000
68$3,969,827$3,779,027$3,723,227$4,179,956
69$4,341,198$3,930,648$3,814,403$4,474,119
70$4,749,391$4,088,641$3,907,577$4,790,695
71$5,198,130$4,253,285$4,002,782$5,134,780
72$5,691,516$4,424,872$4,100,052$5,509,006
73$6,234,067$4,603,708$4,199,420$5,916,270
74$6,830,762$4,790,109$4,300,921$6,359,754
75$7,487,085$4,984,411$4,404,587$6,842,959
76$8,209,081$5,186,960$4,510,454$7,369,735
77$9,003,407$5,398,120$4,618,554$7,944,320
78$9,877,399$5,618,273$4,728,920$8,571,371
79$10,839,142$5,847,817$4,841,587$9,256,015
80$11,897,542$6,087,167$4,956,587$10,003,892
81$13,062,411$6,336,758$5,073,953$10,821,209
82$14,344,564$6,597,046$5,193,718$11,714,796
83$15,755,914$6,868,507$5,315,912$12,692,169
84$17,309,591$7,151,637$5,440,569$13,761,600
85$19,020,060$7,446,958$5,567,719$14,932,196
86$20,903,261$7,755,014$5,697,392$16,213,981
87$22,976,758$8,076,373$5,829,619$17,617,988
88$25,259,904$8,411,633$5,964,428$19,156,364
89$27,774,026$8,761,414$6,101,848$20,842,483
90$30,542,624$9,126,370$6,241,907$22,691,069
91$33,591,591$9,507,182$6,384,630$24,718,334
92$36,949,461$9,904,562$6,530,043$26,942,131
93$40,647,678$10,319,258$6,678,172$29,382,116
94$44,720,888$10,752,048$6,829,037$32,059,936
95$49,207,271$11,203,750$6,982,662$34,999,428
96$54,148,897$11,675,219$7,139,066$38,226,847
97$59,592,128$12,167,348$7,298,268$41,771,103
98$65,588,049$12,681,072$7,460,284$45,664,040
99$72,192,957$13,217,371$7,625,130$49,940,729
100$79,468,885$13,777,269$7,792,819$54,639,799