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

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 $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%15.9%
1 years$330,316$327,374$324,503$321,702$318,966$311,255
2 years$163,523$160,477$157,526$154,664$151,888$144,166
3 years$107,932$104,874$101,930$99,095$96,364$88,872
4 years$80,143$77,093$74,179$71,392$68,728$61,523
5 years$63,473$60,442$57,566$54,836$52,246$45,349
6 years$52,364$49,356$46,522$43,853$41,340$34,758
7 years$44,431$41,449$38,660$36,054$33,621$27,354
8 years$38,485$35,529$32,787$30,245$27,892$21,938
9 years$33,863$30,935$28,239$25,762$23,489$17,843
10 years$30,167$27,267$24,619$22,207$20,014$14,670
11 years$27,145$24,274$21,675$19,327$17,212$12,163
12 years$24,628$21,787$19,236$16,952$14,916$10,152
13 years$22,501$19,689$17,186$14,966$13,007$8,519
14 years$20,678$17,897$15,441$13,285$11,402$7,181
15 years$19,101$16,349$13,942$11,848$10,039$6,075
16 years$17,722$15,000$12,640$10,609$8,873$5,155
17 years$16,506$13,815$11,502$9,532$7,867$4,385
18 years$15,426$12,765$10,500$8,590$6,995$3,738
19 years$14,462$11,831$9,612$7,762$6,235$3,192
20 years$13,595$10,994$8,821$7,030$5,569$2,730
21 years$12,811$10,240$8,114$6,380$4,984$2,338
22 years$12,100$9,559$7,478$5,801$4,467$2,004
23 years$11,451$8,940$6,905$5,283$4,010$1,720
24 years$10,858$8,376$6,386$4,818$3,604$1,477
25 years$10,313$7,861$5,915$4,400$3,243$1,269
26 years$9,810$7,388$5,486$4,024$2,921$1,091
27 years$9,346$6,953$5,094$3,683$2,634$938
28 years$8,915$6,552$4,735$3,374$2,377$808
29 years$8,515$6,181$4,407$3,094$2,146$695
30 years$8,142$5,837$4,105$2,840$1,939$599
31 years$7,794$5,518$3,827$2,608$1,753$516
32 years$7,469$5,221$3,570$2,397$1,586$444
33 years$7,163$4,945$3,334$2,204$1,435$383
34 years$6,877$4,686$3,115$2,028$1,299$330
35 years$6,607$4,445$2,912$1,867$1,177$285
36 years$6,353$4,219$2,724$1,719$1,066$245
37 years$6,113$4,007$2,550$1,584$966$211
38 years$5,886$3,808$2,388$1,460$876$182
39 years$5,672$3,621$2,237$1,346$795$157
40 years$5,469$3,445$2,097$1,242$721$136
41 years$5,276$3,279$1,966$1,146$654$117
42 years$5,093$3,123$1,844$1,057$593$101
43 years$4,918$2,976$1,731$976$538$87
44 years$4,753$2,837$1,624$901$489$75
45 years$4,595$2,705$1,525$832$444$65
46 years$4,444$2,580$1,433$769$403$56
47 years$4,300$2,462$1,346$710$366$48
48 years$4,163$2,351$1,265$656$332$42
49 years$4,031$2,245$1,189$607$302$36
50 years$3,905$2,144$1,118$561$274$31

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 $3,849 every year, while hoping to spend $38,019 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: 61/33/6 Blend
67$4,000,000$4,000,000$4,000,000$4,000,000
68$4,411,970$4,199,970$4,137,970$4,675,995
69$4,821,539$4,365,317$4,236,140$5,018,212
70$5,271,610$4,537,491$4,336,325$5,386,675
71$5,766,274$4,716,788$4,438,551$5,787,710
72$6,310,037$4,903,514$4,542,846$6,224,454
73$6,907,866$5,097,991$4,649,237$6,700,359
74$7,565,232$5,300,556$4,757,749$7,219,219
75$8,288,160$5,511,558$4,868,408$7,785,210
76$9,083,292$5,731,364$4,981,240$8,402,924
77$9,957,944$5,960,357$5,096,268$9,077,414
78$10,920,178$6,198,938$5,213,517$9,814,238
79$11,978,876$6,447,525$5,333,009$10,619,514
80$13,143,822$6,706,556$5,454,766$11,499,973
81$14,425,802$6,976,486$5,578,810$12,463,023
82$15,836,694$7,257,794$5,705,160$13,516,817
83$17,389,590$7,550,980$5,833,837$14,670,330
84$19,098,915$7,856,564$5,964,857$15,933,439
85$20,980,561$8,175,093$6,098,237$17,317,019
86$23,052,043$8,507,137$6,233,992$18,833,040
87$25,332,657$8,853,292$6,372,136$20,494,683
88$27,843,667$9,214,183$6,512,681$22,316,457
89$30,608,502$9,590,459$6,655,638$24,314,340
90$33,652,982$9,982,804$6,801,014$26,505,923
91$37,005,554$10,391,930$6,948,816$28,910,578
92$40,697,568$10,818,581$7,099,049$31,549,637
93$44,763,567$11,263,539$7,251,714$34,446,589
94$49,241,615$11,727,617$7,406,811$37,627,306
95$54,173,657$12,211,667$7,564,337$41,120,278
96$59,605,914$12,716,583$7,724,286$44,956,884
97$65,589,317$13,243,295$7,886,649$49,171,684
98$72,179,991$13,792,780$8,051,415$53,802,743
99$79,439,781$14,366,057$8,218,569$58,891,988
100$87,436,839$14,964,194$8,388,091$64,485,599