Can I retire at age 68 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$355,090$351,927$348,841$345,829$342,888$333,517
2 years$175,787$172,513$169,340$166,264$163,280$153,907
3 years$116,027$112,739$109,574$106,527$103,592$94,510
4 years$86,153$82,875$79,742$76,747$73,882$65,163
5 years$68,234$64,975$61,883$58,949$56,164$47,830
6 years$56,291$53,057$50,011$47,142$44,441$36,500
7 years$47,764$44,557$41,559$38,758$36,142$28,595
8 years$41,371$38,194$35,245$32,513$29,984$22,826
9 years$36,402$33,255$30,357$27,694$25,250$18,476
10 years$32,429$29,312$26,466$23,872$21,515$15,115
11 years$29,181$26,095$23,300$20,776$18,503$12,468
12 years$26,475$23,422$20,678$18,223$16,035$10,352
13 years$24,188$21,166$18,475$16,089$13,982$8,641
14 years$22,229$19,239$16,600$14,282$12,257$7,243
15 years$20,533$17,576$14,987$12,737$10,792$6,093
16 years$19,051$16,125$13,588$11,404$9,538$5,141
17 years$17,744$14,851$12,365$10,247$8,457$4,348
18 years$16,583$13,723$11,287$9,234$7,520$3,684
19 years$15,546$12,718$10,333$8,344$6,702$3,128
20 years$14,614$11,818$9,483$7,557$5,987$2,659
21 years$13,772$11,008$8,723$6,859$5,357$2,263
22 years$13,007$10,276$8,039$6,236$4,802$1,928
23 years$12,310$9,611$7,423$5,679$4,311$1,644
24 years$11,672$9,005$6,865$5,180$3,875$1,403
25 years$11,086$8,450$6,358$4,731$3,487$1,198
26 years$10,546$7,942$5,897$4,325$3,141$1,023
27 years$10,047$7,474$5,476$3,959$2,831$874
28 years$9,584$7,043$5,090$3,627$2,555$748
29 years$9,154$6,644$4,737$3,326$2,307$639
30 years$8,753$6,275$4,412$3,053$2,085$547
31 years$8,379$5,932$4,114$2,804$1,885$468
32 years$8,029$5,613$3,838$2,577$1,705$401
33 years$7,701$5,315$3,584$2,369$1,543$343
34 years$7,393$5,038$3,348$2,180$1,397$294
35 years$7,103$4,778$3,130$2,007$1,265$251
36 years$6,829$4,535$2,928$1,848$1,146$215
37 years$6,572$4,307$2,741$1,703$1,039$184
38 years$6,328$4,094$2,567$1,570$942$158
39 years$6,097$3,893$2,405$1,447$854$135
40 years$5,879$3,704$2,254$1,335$775$116
41 years$5,671$3,525$2,114$1,232$703$99
42 years$5,475$3,357$1,983$1,137$638$85
43 years$5,287$3,199$1,860$1,049$579$73
44 years$5,109$3,049$1,746$969$525$62
45 years$4,939$2,908$1,640$895$477$53
46 years$4,777$2,774$1,540$826$433$46
47 years$4,623$2,647$1,447$764$393$39
48 years$4,475$2,527$1,360$706$357$34
49 years$4,334$2,413$1,278$652$324$29
50 years$4,198$2,305$1,202$603$295$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $4,300,000, adding $4,427 every year, while hoping to spend $27,673 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: 79/12/9 Blend
67$4,300,000$4,300,000$4,300,000$4,300,000
68$4,743,166$4,515,266$4,448,616$5,111,067
69$5,197,526$4,707,071$4,568,201$5,544,934
70$5,697,302$4,907,346$4,690,865$6,016,732
71$6,247,099$5,116,478$4,816,681$6,533,488
72$6,851,988$5,334,870$4,945,725$7,099,675
73$7,517,558$5,562,946$5,078,073$7,720,219
74$8,249,966$5,801,148$5,213,806$8,400,542
75$9,055,997$6,049,938$5,353,003$9,146,619
76$9,943,125$6,309,802$5,495,745$9,965,024
77$10,919,589$6,581,247$5,642,118$10,863,001
78$11,994,463$6,864,804$5,792,204$11,848,525
79$13,177,748$7,161,029$5,946,093$12,930,382
80$14,480,463$7,470,505$6,103,872$14,118,246
81$15,914,751$7,793,840$6,265,633$15,422,773
82$17,493,990$8,131,673$6,431,466$16,855,699
83$19,232,924$8,484,672$6,601,467$18,429,952
84$21,147,798$8,853,536$6,775,732$20,159,772
85$23,256,511$9,238,998$6,954,357$22,060,845
86$25,578,790$9,641,823$7,137,443$24,150,448
87$28,136,370$10,062,816$7,325,090$26,447,616
88$30,953,202$10,502,817$7,517,403$28,973,314
89$34,055,680$10,962,705$7,714,487$31,750,641
90$37,472,885$11,443,404$7,916,448$34,805,041
91$41,236,866$11,945,878$8,123,396$38,164,548
92$45,382,939$12,471,138$8,335,442$41,860,043
93$49,950,018$13,020,243$8,552,699$45,925,550
94$54,980,987$13,594,302$8,775,281$50,398,551
95$60,523,100$14,194,475$9,003,306$55,320,344
96$66,628,432$14,821,980$9,236,893$60,736,427
97$73,354,365$15,478,090$9,476,161$66,696,929
98$80,764,133$16,164,139$9,721,236$73,257,078
99$88,927,417$16,881,525$9,972,240$80,477,725
100$97,921,005$17,631,711$10,229,301$88,425,917