Can I retire at age 68 with 4,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$330,316$327,374$324,503$321,702$318,966$312,398
2 years$163,523$160,477$157,526$154,664$151,888$145,301
3 years$107,932$104,874$101,930$99,095$96,364$89,963
4 years$80,143$77,093$74,179$71,392$68,728$62,562
5 years$63,473$60,442$57,566$54,836$52,246$46,333
6 years$52,364$49,356$46,522$43,853$41,340$35,687
7 years$44,431$41,449$38,660$36,054$33,621$28,228
8 years$38,485$35,529$32,787$30,245$27,892$22,758
9 years$33,863$30,935$28,239$25,762$23,489$18,611
10 years$30,167$27,267$24,619$22,207$20,014$15,386
11 years$27,145$24,274$21,675$19,327$17,212$12,830
12 years$24,628$21,787$19,236$16,952$14,916$10,772
13 years$22,501$19,689$17,186$14,966$13,007$9,094
14 years$20,678$17,897$15,441$13,285$11,402$7,713
15 years$19,101$16,349$13,942$11,848$10,039$6,566
16 years$17,722$15,000$12,640$10,609$8,873$5,607
17 years$16,506$13,815$11,502$9,532$7,867$4,801
18 years$15,426$12,765$10,500$8,590$6,995$4,119
19 years$14,462$11,831$9,612$7,762$6,235$3,541
20 years$13,595$10,994$8,821$7,030$5,569$3,049
21 years$12,811$10,240$8,114$6,380$4,984$2,629
22 years$12,100$9,559$7,478$5,801$4,467$2,270
23 years$11,451$8,940$6,905$5,283$4,010$1,961
24 years$10,858$8,376$6,386$4,818$3,604$1,696
25 years$10,313$7,861$5,915$4,400$3,243$1,468
26 years$9,810$7,388$5,486$4,024$2,921$1,271
27 years$9,346$6,953$5,094$3,683$2,634$1,102
28 years$8,915$6,552$4,735$3,374$2,377$955
29 years$8,515$6,181$4,407$3,094$2,146$828
30 years$8,142$5,837$4,105$2,840$1,939$719
31 years$7,794$5,518$3,827$2,608$1,753$624
32 years$7,469$5,221$3,570$2,397$1,586$541
33 years$7,163$4,945$3,334$2,204$1,435$470
34 years$6,877$4,686$3,115$2,028$1,299$408
35 years$6,607$4,445$2,912$1,867$1,177$355
36 years$6,353$4,219$2,724$1,719$1,066$308
37 years$6,113$4,007$2,550$1,584$966$268
38 years$5,886$3,808$2,388$1,460$876$233
39 years$5,672$3,621$2,237$1,346$795$202
40 years$5,469$3,445$2,097$1,242$721$176
41 years$5,276$3,279$1,966$1,146$654$153
42 years$5,093$3,123$1,844$1,057$593$133
43 years$4,918$2,976$1,731$976$538$115
44 years$4,753$2,837$1,624$901$489$100
45 years$4,595$2,705$1,525$832$444$87
46 years$4,444$2,580$1,433$769$403$76
47 years$4,300$2,462$1,346$710$366$66
48 years$4,163$2,351$1,265$656$332$57
49 years$4,031$2,245$1,189$607$302$50
50 years$3,905$2,144$1,118$561$274$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $4,000,000, adding $6,607 every year, while hoping to spend $29,744 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: 46/30/24 Blend
67$4,000,000$4,000,000$4,000,000$4,000,000
68$4,414,815$4,202,815$4,140,815$4,587,197
69$4,833,479$4,377,106$4,247,885$4,883,512
70$5,293,849$4,558,940$4,357,545$5,201,376
71$5,800,150$4,748,655$4,469,850$5,545,661
72$6,357,032$4,946,606$4,584,857$5,918,851
73$6,969,621$5,153,162$4,702,622$6,323,675
74$7,643,567$5,368,711$4,823,204$6,763,132
75$8,385,091$5,593,658$4,946,661$7,240,520
76$9,201,049$5,828,426$5,073,054$7,759,461
77$10,098,997$6,073,460$5,202,442$8,323,940
78$11,087,257$6,329,222$5,334,886$8,938,338
79$12,175,003$6,596,199$5,470,450$9,607,473
80$13,372,339$6,874,899$5,609,196$10,336,642
81$14,690,401$7,165,853$5,751,188$11,131,675
82$16,141,459$7,469,616$5,896,489$11,998,981
83$17,739,033$7,786,773$6,045,167$12,945,614
84$19,498,020$8,117,931$6,197,286$13,979,335
85$21,434,837$8,463,729$6,352,914$15,108,681
86$23,567,572$8,824,833$6,512,119$16,343,049
87$25,916,157$9,201,942$6,674,967$17,692,781
88$28,502,555$9,595,788$6,841,529$19,169,257
89$31,350,969$10,007,134$7,011,873$20,785,003
90$34,488,068$10,436,784$7,186,071$22,553,808
91$37,943,238$10,885,573$7,364,191$24,490,852
92$41,748,863$11,354,382$7,546,307$26,612,843
93$45,940,628$11,844,127$7,732,489$28,938,177
94$50,557,855$12,355,772$7,922,810$31,487,110
95$55,643,874$12,890,322$8,117,342$34,281,940
96$61,246,434$13,448,833$8,316,157$37,347,223
97$67,418,152$14,032,408$8,519,331$40,709,996
98$74,217,009$14,642,202$8,726,934$44,400,035
99$81,706,900$15,279,425$8,939,042$48,450,126
100$89,958,231$15,945,345$9,155,728$52,896,379