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%13.1%
1 years$346,832$343,743$340,729$337,787$334,914$330,592
2 years$171,699$168,501$165,402$162,397$159,483$155,135
3 years$113,329$110,117$107,026$104,050$101,182$96,943
4 years$84,150$80,948$77,888$74,962$72,164$68,067
5 years$66,647$63,464$60,444$57,578$54,858$50,914
6 years$54,982$51,823$48,848$46,046$43,407$39,622
7 years$46,653$43,521$40,593$37,857$35,302$31,676
8 years$40,409$37,306$34,426$31,757$29,286$25,819
9 years$35,556$32,481$29,651$27,050$24,663$21,354
10 years$31,675$28,631$25,850$23,317$21,014$17,861
11 years$28,502$25,488$22,758$20,293$18,073$15,072
12 years$25,860$22,877$20,197$17,800$15,662$12,810
13 years$23,626$20,674$18,045$15,714$13,657$10,951
14 years$21,712$18,792$16,214$13,950$11,972$9,407
15 years$20,056$17,167$14,639$12,441$10,541$8,113
16 years$18,608$15,750$13,272$11,139$9,316$7,021
17 years$17,331$14,505$12,077$10,008$8,260$6,094
18 years$16,198$13,404$11,025$9,020$7,345$5,301
19 years$15,185$12,422$10,093$8,150$6,547$4,622
20 years$14,274$11,543$9,263$7,381$5,847$4,037
21 years$13,452$10,752$8,520$6,699$5,233$3,531
22 years$12,705$10,037$7,852$6,091$4,690$3,093
23 years$12,024$9,387$7,250$5,547$4,210$2,712
24 years$11,401$8,795$6,705$5,059$3,784$2,381
25 years$10,828$8,254$6,210$4,621$3,405$2,092
26 years$10,301$7,757$5,760$4,225$3,067$1,839
27 years$9,813$7,301$5,348$3,867$2,766$1,618
28 years$9,361$6,879$4,972$3,543$2,495$1,425
29 years$8,941$6,490$4,627$3,249$2,253$1,255
30 years$8,549$6,129$4,310$2,982$2,036$1,106
31 years$8,184$5,794$4,018$2,739$1,841$975
32 years$7,842$5,482$3,749$2,517$1,665$860
33 years$7,522$5,192$3,500$2,314$1,507$758
34 years$7,221$4,921$3,270$2,129$1,364$669
35 years$6,937$4,667$3,058$1,960$1,236$591
36 years$6,671$4,430$2,860$1,805$1,120$521
37 years$6,419$4,207$2,677$1,663$1,015$460
38 years$6,181$3,998$2,507$1,533$920$406
39 years$5,956$3,802$2,349$1,414$834$359
40 years$5,742$3,617$2,202$1,304$757$317
41 years$5,540$3,443$2,064$1,203$687$280
42 years$5,347$3,279$1,937$1,110$623$248
43 years$5,164$3,125$1,817$1,025$565$219
44 years$4,990$2,978$1,706$946$513$193
45 years$4,824$2,840$1,602$874$466$171
46 years$4,666$2,709$1,504$807$423$151
47 years$4,515$2,586$1,413$746$384$133
48 years$4,371$2,468$1,328$689$349$118
49 years$4,233$2,357$1,248$637$317$104
50 years$4,101$2,252$1,174$589$288$92

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 $6,844 every year, while hoping to spend $39,006 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: 62/29/9 Blend
67$4,200,000$4,200,000$4,200,000$4,200,000
68$4,635,460$4,412,860$4,347,760$4,913,406
69$5,066,774$4,587,588$4,451,907$5,274,847
70$5,540,776$4,769,570$4,558,237$5,664,060
71$6,061,777$4,959,121$4,666,780$6,087,897
72$6,634,530$5,156,569$4,777,568$6,549,707
73$7,264,268$5,362,257$4,890,633$7,053,174
74$7,956,760$5,576,544$5,006,006$7,602,350
75$8,718,359$5,799,805$5,123,717$8,201,695
76$9,556,067$6,032,430$5,243,796$8,856,113
77$10,477,596$6,274,830$5,366,274$9,571,003
78$11,491,446$6,527,432$5,491,180$10,352,303
79$12,606,981$6,790,683$5,618,541$11,206,550
80$13,834,517$7,065,051$5,748,387$12,140,938
81$15,185,424$7,351,024$5,880,743$13,163,386
82$16,672,226$7,649,113$6,015,637$14,282,610
83$18,308,725$7,959,852$6,153,093$15,508,205
84$20,110,129$8,283,799$6,293,136$16,850,733
85$22,093,195$8,621,538$6,435,788$18,321,822
86$24,276,386$8,973,678$6,581,073$19,934,277
87$26,680,047$9,340,859$6,729,009$21,702,193
88$29,326,598$9,723,746$6,879,616$23,641,093
89$32,240,740$10,123,039$7,032,912$25,768,069
90$35,449,693$10,539,466$7,188,913$28,101,941
91$38,983,452$10,973,790$7,347,632$30,663,438
92$42,875,069$11,426,810$7,509,082$33,475,384
93$47,160,962$11,899,360$7,673,272$36,562,919
94$51,881,264$12,392,313$7,840,211$39,953,729
95$57,080,199$12,906,582$8,009,904$43,678,307
96$62,806,497$13,443,122$8,182,353$47,770,240
97$69,113,857$14,002,932$8,357,559$52,266,520
98$76,061,452$14,587,057$8,535,519$57,207,895
99$83,714,488$15,196,591$8,716,227$62,639,249
100$92,144,819$15,832,678$8,899,674$68,610,023