Can I retire at age 68 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$346,832$343,743$340,729$337,787$334,914$331,278
2 years$171,699$168,501$165,402$162,397$159,483$155,822
3 years$113,329$110,117$107,026$104,050$101,182$97,611
4 years$84,150$80,948$77,888$74,962$72,164$68,709
5 years$66,647$63,464$60,444$57,578$54,858$51,529
6 years$54,982$51,823$48,848$46,046$43,407$40,208
7 years$46,653$43,521$40,593$37,857$35,302$32,234
8 years$40,409$37,306$34,426$31,757$29,286$26,350
9 years$35,556$32,481$29,651$27,050$24,663$21,858
10 years$31,675$28,631$25,850$23,317$21,014$18,337
11 years$28,502$25,488$22,758$20,293$18,073$15,522
12 years$25,860$22,877$20,197$17,800$15,662$13,235
13 years$23,626$20,674$18,045$15,714$13,657$11,351
14 years$21,712$18,792$16,214$13,950$11,972$9,783
15 years$20,056$17,167$14,639$12,441$10,541$8,466
16 years$18,608$15,750$13,272$11,139$9,316$7,352
17 years$17,331$14,505$12,077$10,008$8,260$6,403
18 years$16,198$13,404$11,025$9,020$7,345$5,591
19 years$15,185$12,422$10,093$8,150$6,547$4,892
20 years$14,274$11,543$9,263$7,381$5,847$4,288
21 years$13,452$10,752$8,520$6,699$5,233$3,765
22 years$12,705$10,037$7,852$6,091$4,690$3,310
23 years$12,024$9,387$7,250$5,547$4,210$2,914
24 years$11,401$8,795$6,705$5,059$3,784$2,568
25 years$10,828$8,254$6,210$4,621$3,405$2,265
26 years$10,301$7,757$5,760$4,225$3,067$1,999
27 years$9,813$7,301$5,348$3,867$2,766$1,766
28 years$9,361$6,879$4,972$3,543$2,495$1,561
29 years$8,941$6,490$4,627$3,249$2,253$1,381
30 years$8,549$6,129$4,310$2,982$2,036$1,222
31 years$8,184$5,794$4,018$2,739$1,841$1,081
32 years$7,842$5,482$3,749$2,517$1,665$958
33 years$7,522$5,192$3,500$2,314$1,507$848
34 years$7,221$4,921$3,270$2,129$1,364$752
35 years$6,937$4,667$3,058$1,960$1,236$666
36 years$6,671$4,430$2,860$1,805$1,120$591
37 years$6,419$4,207$2,677$1,663$1,015$524
38 years$6,181$3,998$2,507$1,533$920$464
39 years$5,956$3,802$2,349$1,414$834$412
40 years$5,742$3,617$2,202$1,304$757$365
41 years$5,540$3,443$2,064$1,203$687$324
42 years$5,347$3,279$1,937$1,110$623$288
43 years$5,164$3,125$1,817$1,025$565$255
44 years$4,990$2,978$1,706$946$513$227
45 years$4,824$2,840$1,602$874$466$201
46 years$4,666$2,709$1,504$807$423$179
47 years$4,515$2,586$1,413$746$384$158
48 years$4,371$2,468$1,328$689$349$141
49 years$4,233$2,357$1,248$637$317$125
50 years$4,101$2,252$1,174$589$288$111

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $4,200,000, adding $5,158 every year, while hoping to spend $37,200 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: 56/21/23 Blend
67$4,200,000$4,200,000$4,200,000$4,200,000
68$4,633,720$4,411,120$4,346,020$4,863,958
69$5,066,779$4,587,685$4,452,032$5,198,675
70$5,542,764$4,771,654$4,560,347$5,558,782
71$6,066,012$4,963,352$4,671,006$5,950,319
72$6,641,306$5,163,116$4,784,044$6,376,320
73$7,273,910$5,371,301$4,899,502$6,840,121
74$7,969,629$5,588,275$5,017,415$7,345,395
75$8,734,856$5,814,424$5,137,823$7,896,181
76$9,576,634$6,050,154$5,260,763$8,496,924
77$10,502,724$6,295,885$5,386,272$9,152,515
78$11,521,677$6,552,059$5,514,387$9,868,338
79$12,642,916$6,819,137$5,645,147$10,650,318
80$13,876,821$7,097,602$5,778,586$11,504,975
81$15,234,830$7,387,958$5,914,742$12,439,489
82$16,729,547$7,690,732$6,053,651$13,461,762
83$18,374,859$8,006,477$6,195,347$14,580,495
84$20,186,069$8,335,768$6,339,865$15,805,265
85$22,180,037$8,679,209$6,487,239$17,146,620
86$24,375,341$9,037,431$6,637,502$18,616,171
87$26,792,455$9,411,094$6,790,687$20,226,706
88$29,453,934$9,800,887$6,946,825$21,992,304
89$32,384,638$10,207,533$7,105,945$23,928,472
90$35,611,954$10,631,785$7,268,078$26,052,286
91$39,166,066$11,074,435$7,433,251$28,382,553
92$43,080,230$11,536,308$7,601,490$30,939,985
93$47,391,095$12,018,268$7,772,822$33,747,394
94$52,139,044$12,521,220$7,947,268$36,829,907
95$57,368,575$13,046,109$8,124,851$40,215,199
96$63,128,727$13,593,926$8,305,590$43,933,755
97$69,473,534$14,165,705$8,489,504$48,019,153
98$76,462,540$14,762,529$8,676,608$52,508,381
99$84,161,359$15,385,534$8,866,915$57,442,186
100$92,642,297$16,035,904$9,060,435$62,865,450