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

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$346,832$343,743$340,729$337,787$334,914$323,804
2 years$171,699$168,501$165,402$162,397$159,483$148,398
3 years$113,329$110,117$107,026$104,050$101,182$90,470
4 years$84,150$80,948$77,888$74,962$72,164$61,907
5 years$66,647$63,464$60,444$57,578$54,858$45,083
6 years$54,982$51,823$48,848$46,046$43,407$34,122
7 years$46,653$43,521$40,593$37,857$35,302$26,505
8 years$40,409$37,306$34,426$31,757$29,286$20,971
9 years$35,556$32,481$29,651$27,050$24,663$16,821
10 years$31,675$28,631$25,850$23,317$21,014$13,632
11 years$28,502$25,488$22,758$20,293$18,073$11,136
12 years$25,860$22,877$20,197$17,800$15,662$9,155
13 years$23,626$20,674$18,045$15,714$13,657$7,564
14 years$21,712$18,792$16,214$13,950$11,972$6,276
15 years$20,056$17,167$14,639$12,441$10,541$5,224
16 years$18,608$15,750$13,272$11,139$9,316$4,360
17 years$17,331$14,505$12,077$10,008$8,260$3,647
18 years$16,198$13,404$11,025$9,020$7,345$3,056
19 years$15,185$12,422$10,093$8,150$6,547$2,565
20 years$14,274$11,543$9,263$7,381$5,847$2,156
21 years$13,452$10,752$8,520$6,699$5,233$1,814
22 years$12,705$10,037$7,852$6,091$4,690$1,527
23 years$12,024$9,387$7,250$5,547$4,210$1,287
24 years$11,401$8,795$6,705$5,059$3,784$1,085
25 years$10,828$8,254$6,210$4,621$3,405$915
26 years$10,301$7,757$5,760$4,225$3,067$773
27 years$9,813$7,301$5,348$3,867$2,766$652
28 years$9,361$6,879$4,972$3,543$2,495$551
29 years$8,941$6,490$4,627$3,249$2,253$465
30 years$8,549$6,129$4,310$2,982$2,036$393
31 years$8,184$5,794$4,018$2,739$1,841$332
32 years$7,842$5,482$3,749$2,517$1,665$281
33 years$7,522$5,192$3,500$2,314$1,507$238
34 years$7,221$4,921$3,270$2,129$1,364$201
35 years$6,937$4,667$3,058$1,960$1,236$170
36 years$6,671$4,430$2,860$1,805$1,120$144
37 years$6,419$4,207$2,677$1,663$1,015$121
38 years$6,181$3,998$2,507$1,533$920$103
39 years$5,956$3,802$2,349$1,414$834$87
40 years$5,742$3,617$2,202$1,304$757$73
41 years$5,540$3,443$2,064$1,203$687$62
42 years$5,347$3,279$1,937$1,110$623$53
43 years$5,164$3,125$1,817$1,025$565$44
44 years$4,990$2,978$1,706$946$513$38
45 years$4,824$2,840$1,602$874$466$32
46 years$4,666$2,709$1,504$807$423$27
47 years$4,515$2,586$1,413$746$384$23
48 years$4,371$2,468$1,328$689$349$19
49 years$4,233$2,357$1,248$637$317$16
50 years$4,101$2,252$1,174$589$288$14

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 $4,730 every year, while hoping to spend $33,487 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: 42/29/29 Blend
67$4,200,000$4,200,000$4,200,000$4,200,000
68$4,633,279$4,410,679$4,345,579$4,788,349
69$5,070,244$4,591,172$4,455,526$5,081,159
70$5,550,656$4,779,388$4,568,034$5,394,565
71$6,078,913$4,975,668$4,683,153$5,733,354
72$6,659,858$5,180,371$4,800,935$6,099,892
73$7,298,828$5,393,873$4,921,430$6,496,779
74$8,001,702$5,616,567$5,044,691$6,926,871
75$8,774,958$5,848,862$5,170,771$7,393,307
76$9,625,735$6,091,187$5,299,723$7,899,537
77$10,561,897$6,343,992$5,431,601$8,449,355
78$11,592,108$6,607,745$5,566,457$9,046,929
79$12,725,918$6,882,939$5,704,348$9,696,845
80$13,973,845$7,170,087$5,845,328$10,404,145
81$15,347,483$7,469,727$5,989,452$11,174,375
82$16,859,603$7,782,421$6,136,775$12,013,633
83$18,524,280$8,108,756$6,287,355$12,928,629
84$20,357,021$8,449,350$6,441,246$13,926,746
85$22,374,915$8,804,846$6,598,505$15,016,106
86$24,596,790$9,175,917$6,759,189$16,205,645
87$27,043,396$9,563,270$6,923,355$17,505,198
88$29,737,593$9,967,641$7,091,058$18,925,588
89$32,704,576$10,389,804$7,262,356$20,478,728
90$35,972,103$10,830,565$7,437,306$22,177,729
91$39,570,766$11,290,771$7,615,964$24,037,024
92$43,534,272$11,771,307$7,798,387$26,072,500
93$47,899,765$12,273,098$7,984,631$28,301,648
94$52,708,176$12,797,115$8,174,750$30,743,723
95$58,004,608$13,344,371$8,368,802$33,419,928
96$63,838,762$13,915,930$8,566,841$36,353,604
97$70,265,407$14,512,901$8,768,922$39,570,457
98$77,344,895$15,136,450$8,975,097$43,098,789
99$85,143,732$15,787,794$9,185,420$46,969,769
100$93,735,204$16,468,207$9,399,944$51,217,721