Can I retire at age 68 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$363,348$360,111$356,954$353,872$350,862$342,380
2 years$179,875$176,525$173,278$170,131$167,077$158,583
3 years$118,726$115,361$112,123$109,004$106,001$97,759
4 years$88,157$84,803$81,597$78,531$75,601$67,676
5 years$69,820$66,486$63,322$60,320$57,470$49,884
6 years$57,600$54,291$51,174$48,238$45,474$38,234
7 years$48,875$45,594$42,526$39,659$36,983$30,090
8 years$42,334$39,082$36,065$33,269$30,681$24,132
9 years$37,249$34,028$31,063$28,338$25,838$19,628
10 years$33,183$29,994$27,081$24,428$22,015$16,137
11 years$29,859$26,702$23,842$21,259$18,934$13,379
12 years$27,091$23,966$21,159$18,647$16,407$11,167
13 years$24,751$21,658$18,904$16,463$14,308$9,371
14 years$22,746$19,687$16,986$14,614$12,542$7,899
15 years$21,011$17,984$15,336$13,033$11,043$6,682
16 years$19,494$16,500$13,904$11,670$9,760$5,670
17 years$18,156$15,196$12,652$10,485$8,654$4,823
18 years$16,969$14,042$11,550$9,449$7,694$4,112
19 years$15,908$13,014$10,573$8,538$6,858$3,511
20 years$14,954$12,093$9,704$7,733$6,126$3,003
21 years$14,092$11,264$8,925$7,018$5,482$2,572
22 years$13,310$10,515$8,226$6,381$4,914$2,205
23 years$12,597$9,834$7,595$5,811$4,411$1,892
24 years$11,944$9,214$7,024$5,300$3,965$1,624
25 years$11,344$8,647$6,506$4,841$3,568$1,396
26 years$10,791$8,127$6,034$4,426$3,214$1,200
27 years$10,280$7,648$5,603$4,051$2,897$1,032
28 years$9,807$7,207$5,209$3,712$2,614$888
29 years$9,367$6,799$4,847$3,404$2,361$765
30 years$8,956$6,421$4,515$3,124$2,133$659
31 years$8,574$6,070$4,209$2,869$1,928$567
32 years$8,216$5,743$3,927$2,637$1,744$489
33 years$7,880$5,439$3,667$2,425$1,579$421
34 years$7,564$5,155$3,426$2,231$1,429$363
35 years$7,268$4,889$3,203$2,054$1,295$313
36 years$6,988$4,641$2,997$1,891$1,173$270
37 years$6,724$4,408$2,805$1,743$1,063$233
38 years$6,475$4,189$2,627$1,606$964$201
39 years$6,239$3,983$2,461$1,481$874$173
40 years$6,015$3,790$2,306$1,366$793$149
41 years$5,803$3,607$2,163$1,260$719$129
42 years$5,602$3,436$2,029$1,163$653$111
43 years$5,410$3,273$1,904$1,074$592$96
44 years$5,228$3,120$1,787$991$538$83
45 years$5,054$2,975$1,678$916$488$71
46 years$4,888$2,838$1,576$846$443$61
47 years$4,730$2,709$1,481$781$402$53
48 years$4,579$2,586$1,391$722$365$46
49 years$4,434$2,469$1,308$667$332$39
50 years$4,296$2,359$1,229$617$301$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $4,400,000, adding $6,523 every year, while hoping to spend $52,063 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: 45/30/25 Blend
67$4,400,000$4,400,000$4,400,000$4,400,000
68$4,855,528$4,622,328$4,554,128$5,038,712
69$5,295,398$4,793,428$4,651,297$5,340,079
70$5,778,389$4,971,166$4,749,976$5,661,145
71$6,308,845$5,155,814$4,850,161$6,008,317
72$6,891,551$5,347,653$4,951,845$6,384,053
73$7,531,778$5,546,977$5,055,021$6,791,059
74$8,235,333$5,754,092$5,159,677$7,232,308
75$9,008,613$5,969,318$5,265,803$7,711,070
76$9,858,665$6,192,989$5,373,381$8,230,940
77$10,793,255$6,425,452$5,482,395$8,795,876
78$11,820,937$6,667,068$5,592,825$9,410,226
79$12,951,136$6,918,218$5,704,648$10,078,780
80$14,194,235$7,179,294$5,817,837$10,806,803
81$15,561,676$7,450,709$5,932,364$11,600,091
82$17,066,065$7,732,891$6,048,195$12,465,023
83$18,721,289$8,026,288$6,165,296$13,408,617
84$20,542,653$8,331,369$6,283,626$14,438,599
85$22,547,018$8,648,620$6,403,141$15,563,474
86$24,752,961$8,978,550$6,523,794$16,792,602
87$27,180,955$9,321,690$6,645,533$18,136,288
88$29,853,554$9,678,595$6,768,300$19,605,878
89$32,795,613$10,049,843$6,892,034$21,213,864
90$36,034,517$10,436,037$7,016,669$22,973,998
91$39,600,443$10,837,808$7,142,133$24,901,426
92$43,526,641$11,255,813$7,268,347$27,012,822
93$47,849,750$11,690,740$7,395,228$29,326,552
94$52,610,143$12,143,304$7,522,687$31,862,838
95$57,852,307$12,614,256$7,650,627$34,643,954
96$63,625,264$13,104,376$7,778,944$37,694,428
97$69,983,031$13,614,481$7,907,529$41,041,276
98$76,985,132$14,145,422$8,036,263$44,714,253
99$84,697,158$14,698,091$8,165,021$48,746,135
100$93,191,387$15,273,415$8,293,667$53,173,022