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%12.3%
1 years$346,832$343,743$340,729$337,787$334,914$331,692
2 years$171,699$168,501$165,402$162,397$159,483$156,238
3 years$113,329$110,117$107,026$104,050$101,182$98,014
4 years$84,150$80,948$77,888$74,962$72,164$69,097
5 years$66,647$63,464$60,444$57,578$54,858$51,901
6 years$54,982$51,823$48,848$46,046$43,407$40,565
7 years$46,653$43,521$40,593$37,857$35,302$32,574
8 years$40,409$37,306$34,426$31,757$29,286$26,674
9 years$35,556$32,481$29,651$27,050$24,663$22,165
10 years$31,675$28,631$25,850$23,317$21,014$18,629
11 years$28,502$25,488$22,758$20,293$18,073$15,798
12 years$25,860$22,877$20,197$17,800$15,662$13,496
13 years$23,626$20,674$18,045$15,714$13,657$11,597
14 years$21,712$18,792$16,214$13,950$11,972$10,015
15 years$20,056$17,167$14,639$12,441$10,541$8,685
16 years$18,608$15,750$13,272$11,139$9,316$7,557
17 years$17,331$14,505$12,077$10,008$8,260$6,596
18 years$16,198$13,404$11,025$9,020$7,345$5,771
19 years$15,185$12,422$10,093$8,150$6,547$5,061
20 years$14,274$11,543$9,263$7,381$5,847$4,446
21 years$13,452$10,752$8,520$6,699$5,233$3,912
22 years$12,705$10,037$7,852$6,091$4,690$3,448
23 years$12,024$9,387$7,250$5,547$4,210$3,042
24 years$11,401$8,795$6,705$5,059$3,784$2,687
25 years$10,828$8,254$6,210$4,621$3,405$2,375
26 years$10,301$7,757$5,760$4,225$3,067$2,102
27 years$9,813$7,301$5,348$3,867$2,766$1,861
28 years$9,361$6,879$4,972$3,543$2,495$1,649
29 years$8,941$6,490$4,627$3,249$2,253$1,462
30 years$8,549$6,129$4,310$2,982$2,036$1,297
31 years$8,184$5,794$4,018$2,739$1,841$1,151
32 years$7,842$5,482$3,749$2,517$1,665$1,021
33 years$7,522$5,192$3,500$2,314$1,507$907
34 years$7,221$4,921$3,270$2,129$1,364$806
35 years$6,937$4,667$3,058$1,960$1,236$716
36 years$6,671$4,430$2,860$1,805$1,120$636
37 years$6,419$4,207$2,677$1,663$1,015$566
38 years$6,181$3,998$2,507$1,533$920$503
39 years$5,956$3,802$2,349$1,414$834$447
40 years$5,742$3,617$2,202$1,304$757$398
41 years$5,540$3,443$2,064$1,203$687$354
42 years$5,347$3,279$1,937$1,110$623$315
43 years$5,164$3,125$1,817$1,025$565$280
44 years$4,990$2,978$1,706$946$513$249
45 years$4,824$2,840$1,602$874$466$222
46 years$4,666$2,709$1,504$807$423$197
47 years$4,515$2,586$1,413$746$384$176
48 years$4,371$2,468$1,328$689$349$156
49 years$4,233$2,357$1,248$637$317$139
50 years$4,101$2,252$1,174$589$288$124

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 $4,566 every year, while hoping to spend $28,587 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: 60/11/29 Blend
67$4,200,000$4,200,000$4,200,000$4,200,000
68$4,633,110$4,410,510$4,345,410$4,874,366
69$5,075,271$4,596,208$4,460,565$5,225,345
70$5,561,574$4,790,048$4,578,619$5,604,711
71$6,096,492$4,992,398$4,699,640$6,018,095
72$6,684,952$5,203,643$4,823,696$6,468,820
73$7,332,383$5,424,188$4,950,856$6,960,542
74$8,044,768$5,654,455$5,081,191$7,497,287
75$8,828,697$5,894,886$5,214,774$8,083,487
76$9,691,432$6,145,944$5,351,678$8,724,017
77$10,640,977$6,408,113$5,491,977$9,424,249
78$11,686,147$6,681,901$5,635,749$10,190,092
79$12,836,658$6,967,838$5,783,070$11,028,055
80$14,103,214$7,266,480$5,934,020$11,945,304
81$15,497,611$7,578,407$6,088,679$12,949,729
82$17,032,847$7,904,228$6,247,130$14,050,019
83$18,723,243$8,244,581$6,409,454$15,255,743
84$20,584,581$8,600,132$6,575,737$16,577,437
85$22,634,249$8,971,579$6,746,065$18,026,705
86$24,891,409$9,359,654$6,920,526$19,616,328
87$27,377,177$9,765,121$7,099,207$21,360,382
88$30,114,818$10,188,781$7,282,200$23,274,370
89$33,129,972$10,631,474$7,469,596$25,375,369
90$36,450,890$11,094,077$7,661,488$27,682,189
91$40,108,704$11,577,510$7,857,971$30,215,547
92$44,137,719$12,082,735$8,059,141$32,998,268
93$48,575,739$12,610,761$8,265,094$36,055,492
94$53,464,419$13,162,644$8,475,930$39,414,914
95$58,849,665$13,739,488$8,691,749$43,107,044
96$64,782,060$14,342,452$8,912,651$47,165,491
97$71,317,345$14,972,748$9,138,741$51,627,283
98$78,516,946$15,631,645$9,370,121$56,533,211
99$86,448,552$16,320,472$9,606,897$61,928,218
100$95,186,752$17,040,623$9,849,175$67,861,814