Can I retire at age 68 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$322,058$319,190$316,391$313,659$310,991$306,724
2 years$159,435$156,466$153,588$150,798$148,091$143,799
3 years$105,234$102,252$99,381$96,617$93,955$89,772
4 years$78,139$75,166$72,324$69,607$67,010$62,968
5 years$61,886$58,931$56,127$53,465$50,940$47,051
6 years$51,055$48,122$45,359$42,757$40,307$36,576
7 years$43,321$40,412$37,693$35,153$32,780$29,208
8 years$37,523$34,641$31,967$29,489$27,194$23,781
9 years$33,016$30,161$27,533$25,118$22,902$19,645
10 years$29,412$26,586$24,004$21,652$19,513$16,411
11 years$26,466$23,668$21,133$18,843$16,782$13,831
12 years$24,013$21,243$18,755$16,528$14,543$11,741
13 years$21,938$19,197$16,756$14,592$12,682$10,024
14 years$20,161$17,450$15,055$12,953$11,117$8,599
15 years$18,623$15,941$13,593$11,552$9,788$7,406
16 years$17,278$14,625$12,324$10,343$8,651$6,401
17 years$16,093$13,469$11,214$9,294$7,670$5,547
18 years$15,041$12,446$10,237$8,375$6,820$4,819
19 years$14,100$11,535$9,372$7,568$6,079$4,195
20 years$13,255$10,719$8,601$6,854$5,430$3,658
21 years$12,491$9,984$7,911$6,221$4,859$3,195
22 years$11,797$9,320$7,291$5,656$4,355$2,795
23 years$11,165$8,717$6,732$5,151$3,910$2,447
24 years$10,586$8,167$6,226$4,698$3,514$2,145
25 years$10,055$7,664$5,767$4,290$3,162$1,881
26 years$9,565$7,203$5,348$3,923$2,848$1,651
27 years$9,112$6,779$4,966$3,591$2,568$1,451
28 years$8,692$6,388$4,617$3,290$2,317$1,275
29 years$8,302$6,026$4,296$3,017$2,092$1,121
30 years$7,939$5,691$4,002$2,769$1,891$986
31 years$7,599$5,380$3,731$2,543$1,709$868
32 years$7,282$5,091$3,481$2,337$1,546$764
33 years$6,984$4,821$3,250$2,149$1,399$673
34 years$6,705$4,569$3,037$1,977$1,267$593
35 years$6,442$4,334$2,839$1,820$1,147$522
36 years$6,194$4,113$2,656$1,676$1,040$460
37 years$5,960$3,907$2,486$1,545$942$406
38 years$5,739$3,713$2,328$1,424$854$358
39 years$5,530$3,531$2,181$1,313$775$315
40 years$5,332$3,359$2,044$1,211$703$278
41 years$5,144$3,197$1,917$1,117$637$245
42 years$4,965$3,045$1,798$1,031$578$216
43 years$4,795$2,901$1,687$952$525$191
44 years$4,634$2,766$1,584$879$477$168
45 years$4,480$2,637$1,487$812$433$149
46 years$4,333$2,516$1,397$750$393$131
47 years$4,193$2,401$1,312$693$357$116
48 years$4,059$2,292$1,233$640$324$102
49 years$3,930$2,189$1,159$591$294$90
50 years$3,808$2,091$1,090$547$267$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $3,900,000, adding $4,956 every year, while hoping to spend $24,073 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: 59/13/28 Blend
67$3,900,000$3,900,000$3,900,000$3,900,000
68$4,302,912$4,096,212$4,035,762$4,523,749
69$4,716,196$4,271,313$4,145,347$4,850,380
70$5,170,827$4,454,187$4,257,795$5,203,513
71$5,670,999$4,645,190$4,373,179$5,588,215
72$6,221,330$4,844,693$4,491,570$6,007,560
73$6,826,909$5,053,086$4,613,041$6,464,933
74$7,493,344$5,270,778$4,737,668$6,964,056
75$8,226,813$5,498,194$4,865,527$7,509,027
76$9,034,124$5,735,781$4,996,699$8,104,356
77$9,922,778$5,984,008$5,131,262$8,755,008
78$10,901,041$6,243,364$5,269,299$9,466,447
79$11,978,021$6,514,362$5,410,893$10,244,689
80$13,163,752$6,797,539$5,556,131$11,096,357
81$14,469,292$7,093,456$5,705,099$12,028,742
82$15,906,828$7,402,703$5,857,887$13,049,874
83$17,489,784$7,725,895$6,014,587$14,168,591
84$19,232,956$8,063,678$6,175,290$15,394,629
85$21,152,647$8,416,728$6,340,091$16,738,708
86$23,266,822$8,785,752$6,509,089$18,212,630
87$25,595,275$9,171,492$6,682,381$19,829,398
88$28,159,820$9,574,722$6,860,068$21,603,329
89$30,984,495$9,996,257$7,042,253$23,550,192
90$34,095,786$10,436,946$7,229,041$25,687,355
91$37,522,882$10,897,682$7,420,540$28,033,948
92$41,297,945$11,379,397$7,616,857$30,611,041
93$45,456,417$11,883,070$7,818,104$33,441,845
94$50,037,356$12,409,724$8,024,394$36,551,924
95$55,083,799$12,960,433$8,235,844$39,969,443
96$60,643,171$13,536,319$8,452,569$43,725,423
97$66,767,736$14,138,560$8,674,692$47,854,039
98$73,515,083$14,768,388$8,902,332$52,392,939
99$80,948,676$15,427,094$9,135,615$57,383,599
100$89,138,451$16,116,030$9,374,667$62,871,709