Can I retire at age 68 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$305,543$302,821$300,166$297,574$295,043$287,444
2 years$151,259$148,442$145,711$143,064$140,497$132,891
3 years$99,837$97,008$94,285$91,663$89,137$81,763
4 years$74,132$71,311$68,615$66,038$63,573$56,488
5 years$58,713$55,909$53,248$50,723$48,327$41,550
6 years$48,436$45,654$43,033$40,564$38,240$31,777
7 years$41,099$38,340$35,760$33,350$31,099$24,951
8 years$35,599$32,864$30,328$27,976$25,800$19,964
9 years$31,323$28,614$26,121$23,830$21,727$16,199
10 years$27,904$25,222$22,773$20,541$18,513$13,285
11 years$25,109$22,454$20,049$17,877$15,921$10,986
12 years$22,781$20,153$17,793$15,681$13,797$9,146
13 years$20,813$18,213$15,897$13,844$12,031$7,655
14 years$19,128$16,555$14,283$12,289$10,547$6,434
15 years$17,668$15,123$12,896$10,960$9,286$5,428
16 years$16,392$13,875$11,692$9,813$8,207$4,593
17 years$15,268$12,779$10,639$8,817$7,277$3,896
18 years$14,269$11,808$9,712$7,946$6,470$3,311
19 years$13,377$10,944$8,891$7,180$5,767$2,819
20 years$12,575$10,169$8,160$6,503$5,151$2,404
21 years$11,850$9,472$7,506$5,902$4,610$2,052
22 years$11,192$8,842$6,917$5,366$4,132$1,754
23 years$10,593$8,270$6,387$4,887$3,709$1,500
24 years$10,044$7,748$5,907$4,457$3,334$1,284
25 years$9,539$7,271$5,471$4,070$3,000$1,100
26 years$9,074$6,834$5,074$3,722$2,702$943
27 years$8,645$6,431$4,712$3,407$2,436$808
28 years$8,246$6,060$4,380$3,121$2,198$693
29 years$7,876$5,717$4,076$2,862$1,985$595
30 years$7,532$5,399$3,797$2,627$1,794$511
31 years$7,210$5,104$3,540$2,413$1,622$438
32 years$6,909$4,830$3,303$2,217$1,467$376
33 years$6,626$4,574$3,084$2,039$1,328$323
34 years$6,361$4,335$2,881$1,876$1,202$278
35 years$6,112$4,111$2,694$1,727$1,089$239
36 years$5,876$3,902$2,520$1,590$986$205
37 years$5,655$3,706$2,359$1,465$894$176
38 years$5,445$3,522$2,209$1,351$810$151
39 years$5,247$3,349$2,069$1,245$735$130
40 years$5,058$3,187$1,940$1,149$667$112
41 years$4,880$3,033$1,819$1,060$605$96
42 years$4,711$2,889$1,706$978$549$83
43 years$4,550$2,753$1,601$903$498$71
44 years$4,396$2,624$1,503$834$452$61
45 years$4,250$2,502$1,411$770$410$52
46 years$4,111$2,387$1,325$711$373$45
47 years$3,978$2,278$1,245$657$338$39
48 years$3,850$2,174$1,170$607$307$33
49 years$3,729$2,076$1,100$561$279$29
50 years$3,612$1,984$1,034$519$253$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $3,700,000, adding $6,639 every year, while hoping to spend $55,415 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: 39/50/11 Blend
67$3,700,000$3,700,000$3,700,000$3,700,000
68$4,084,248$3,888,148$3,830,798$4,229,701
69$4,441,880$4,019,706$3,900,169$4,464,765
70$4,834,134$4,155,853$3,970,006$4,712,823
71$5,264,481$4,296,756$4,040,267$4,979,799
72$5,736,748$4,442,587$4,110,906$5,267,423
73$6,255,148$4,593,525$4,181,872$5,577,594
74$6,824,321$4,749,756$4,253,114$5,912,399
75$7,449,382$4,911,474$4,324,573$6,274,130
76$8,135,962$5,078,879$4,396,189$6,665,305
77$8,890,265$5,252,180$4,467,896$7,088,695
78$9,719,127$5,431,591$4,539,626$7,547,341
79$10,630,077$5,617,339$4,611,303$8,044,589
80$11,631,412$5,809,655$4,682,849$8,584,119
81$12,732,271$6,008,783$4,754,179$9,169,975
82$13,942,723$6,214,974$4,825,204$9,806,607
83$15,273,861$6,428,488$4,895,828$10,498,910
84$16,737,908$6,649,597$4,965,952$11,252,267
85$18,348,330$6,878,583$5,035,467$12,072,601
86$20,119,965$7,115,739$5,104,260$12,966,431
87$22,069,160$7,361,368$5,172,212$13,940,927
88$24,213,927$7,615,788$5,239,193$15,003,984
89$26,574,112$7,879,326$5,305,071$16,164,287
90$29,171,583$8,152,325$5,369,702$17,431,398
91$32,030,433$8,435,137$5,432,936$18,815,841
92$35,177,212$8,728,134$5,494,614$20,329,201
93$38,641,172$9,031,696$5,554,567$21,984,234
94$42,454,546$9,346,224$5,612,620$23,794,981
95$46,652,851$9,672,130$5,668,584$25,776,903
96$51,275,223$10,009,847$5,722,264$27,947,024
97$56,364,787$10,359,820$5,773,451$30,324,088
98$61,969,060$10,722,516$5,821,926$32,928,739
99$68,140,404$11,098,419$5,867,460$35,783,707
100$74,936,515$11,488,032$5,909,810$38,914,026