Can I retire at age 68 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$338,574$335,558$332,616$329,744$326,940$322,721
2 years$167,611$164,489$161,464$158,531$155,686$151,441
3 years$110,631$107,496$104,478$101,572$98,773$94,635
4 years$82,146$79,021$76,033$73,177$70,446$66,446
5 years$65,060$61,953$59,005$56,207$53,552$49,702
6 years$53,673$50,589$47,685$44,949$42,374$38,678
7 years$45,542$42,485$39,626$36,955$34,461$30,921
8 years$39,447$36,417$33,606$31,001$28,589$25,205
9 years$34,709$31,708$28,945$26,406$24,076$20,846
10 years$30,921$27,949$25,235$22,762$20,514$17,436
11 years$27,823$24,881$22,216$19,810$17,643$14,713
12 years$25,244$22,332$19,716$17,376$15,289$12,505
13 years$23,063$20,182$17,615$15,340$13,332$10,690
14 years$21,195$18,345$15,827$13,617$11,687$9,183
15 years$19,578$16,758$14,290$12,144$10,290$7,920
16 years$18,165$15,375$12,956$10,874$9,094$6,854
17 years$16,918$14,160$11,790$9,770$8,064$5,948
18 years$15,812$13,085$10,762$8,805$7,170$5,175
19 years$14,823$12,127$9,852$7,956$6,391$4,512
20 years$13,935$11,269$9,042$7,206$5,708$3,940
21 years$13,132$10,496$8,317$6,540$5,108$3,447
22 years$12,402$9,798$7,665$5,946$4,579$3,019
23 years$11,738$9,164$7,078$5,415$4,110$2,648
24 years$11,129$8,586$6,546$4,939$3,694$2,324
25 years$10,570$8,057$6,062$4,510$3,324$2,042
26 years$10,055$7,573$5,623$4,124$2,994$1,795
27 years$9,579$7,127$5,221$3,775$2,700$1,580
28 years$9,138$6,716$4,854$3,459$2,436$1,391
29 years$8,728$6,335$4,517$3,172$2,200$1,225
30 years$8,346$5,983$4,207$2,911$1,988$1,079
31 years$7,989$5,656$3,922$2,673$1,797$952
32 years$7,655$5,352$3,660$2,457$1,625$839
33 years$7,342$5,068$3,417$2,259$1,471$740
34 years$7,049$4,803$3,193$2,079$1,332$653
35 years$6,772$4,556$2,985$1,914$1,206$576
36 years$6,512$4,324$2,792$1,762$1,093$509
37 years$6,266$4,107$2,614$1,624$991$449
38 years$6,034$3,903$2,447$1,497$898$397
39 years$5,814$3,712$2,293$1,380$814$350
40 years$5,605$3,531$2,149$1,273$739$310
41 years$5,408$3,361$2,015$1,174$670$273
42 years$5,220$3,201$1,890$1,084$608$242
43 years$5,041$3,050$1,774$1,000$552$213
44 years$4,871$2,907$1,665$924$501$189
45 years$4,709$2,773$1,563$853$455$167
46 years$4,555$2,645$1,468$788$413$147
47 years$4,408$2,524$1,380$728$375$130
48 years$4,267$2,410$1,296$673$341$115
49 years$4,132$2,301$1,219$622$309$102
50 years$4,003$2,198$1,146$575$281$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $4,100,000, adding $5,479 every year, while hoping to spend $59,656 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: 44/42/14 Blend
67$4,100,000$4,100,000$4,100,000$4,100,000
68$4,523,852$4,306,552$4,243,002$4,704,429
69$4,921,811$4,454,099$4,321,669$4,978,630
70$5,358,363$4,606,877$4,400,972$5,269,230
71$5,837,380$4,765,079$4,480,869$5,582,902
72$6,363,130$4,928,905$4,561,315$5,921,795
73$6,940,313$5,098,564$4,642,262$6,288,274
74$7,574,104$5,274,273$4,723,657$6,684,936
75$8,270,207$5,456,257$4,805,445$7,114,639
76$9,034,905$5,644,750$4,887,563$7,580,522
77$9,875,117$5,839,995$4,969,949$8,086,040
78$10,798,469$6,042,244$5,052,532$8,634,991
79$11,813,359$6,251,761$5,135,238$9,231,551
80$12,929,041$6,468,817$5,217,988$9,880,319
81$14,155,711$6,693,697$5,300,699$10,586,349
82$15,504,601$6,926,695$5,383,279$11,355,204
83$16,988,084$7,168,117$5,465,633$12,193,008
84$18,619,797$7,418,283$5,547,660$13,106,495
85$20,414,761$7,677,523$5,629,251$14,103,082
86$22,389,526$7,946,182$5,710,291$15,190,928
87$24,562,331$8,224,617$5,790,658$16,379,016
88$26,953,267$8,513,202$5,870,223$17,677,236
89$29,584,474$8,812,323$5,948,850$19,096,471
90$32,480,347$9,122,383$6,026,393$20,648,709
91$35,667,763$9,443,801$6,102,698$22,347,144
92$39,176,341$9,777,013$6,177,604$24,206,305
93$43,038,713$10,122,472$6,250,939$26,242,191
94$47,290,838$10,480,649$6,322,522$28,472,420
95$51,972,339$10,852,036$6,392,162$30,916,392
96$57,126,874$11,237,143$6,459,656$33,595,474
97$62,802,553$11,636,500$6,524,792$36,533,194
98$69,052,386$12,050,662$6,587,345$39,755,470
99$75,934,787$12,480,202$6,647,079$43,290,843
100$83,514,124$12,925,720$6,703,745$47,170,753