---
title: I'm 32 and Expect to Have $1.8M By 67. Am I Set?
description: 'Q: I''m 32. I have $125,000. With 8% growth, that''ll be $1.8 million at age 67. Am I set? -- Brent H., Crystal Lake, Ill.…'
authors:
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    url: https://money.com/author/stephanie-auwerter/
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published: '2013-11-18T20:13:06.000Z'
modified: '2013-11-18T20:13:06.000Z'
section: Personal Finance
tags:
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  - Ask the Expert
  - balanced investment portfolio
  - balanced portfolio allocation
  - balanced stock portfolio
  - how save money
  - how to save
  - save money
word_count: 161
canonical: https://money.com/im-32-and-expect-to-have-1-8m-by-67-am-i-set/
type: Article
source: structured-blocks
---

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![His Descendants](https://img.money.com/2012/01/506047793.jpg)
*In 1950, Conrad's son, Conrad "Nicky" Hilton Jr., became Elizabeth Taylor's first husband. The marriage lasted a little over 8 months.*

**Q: I'm 32. I have $125,000. With 8% growth, that'll be $1.8 million at age 67. Am I set? -- Brent H., Crystal Lake, Ill.**

A: Not yet, says Michael Kitces, publisher of *Nerd's Eye View*, a blog for financial advisers.

Even if your hoped-for 8% annualized returns pan out, your nest egg will be less impressive. Assuming 3% inflation and a safe 4% initial withdrawal rate, you'd have annual pretax income in retirement equivalent to $26,300 in today's dollars -- not exactly opulent.

A more cautious forecast of 6% returns -- better safe than sorry -- translates into just $13,700 a year.

More snags: While the snowball effect of compounding returns is powerful, a string of bad returns, similar to that of the 2000s, would dash your dreams. And what if you can't work until 67?

To lessen your shortfall risk, advises Kitces, continue saving and create a balanced portfolio that won't need stellar returns to keep you in comfort.

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