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

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$363,348$360,111$356,954$353,872$350,862$340,176
2 years$179,875$176,525$173,278$170,131$167,077$156,403
3 years$118,726$115,361$112,123$109,004$106,001$95,673
4 years$88,157$84,803$81,597$78,531$75,601$65,698
5 years$69,820$66,486$63,322$60,320$57,470$48,020
6 years$57,600$54,291$51,174$48,238$45,474$36,485
7 years$48,875$45,594$42,526$39,659$36,983$28,454
8 years$42,334$39,082$36,065$33,269$30,681$22,607
9 years$37,249$34,028$31,063$28,338$25,838$18,210
10 years$33,183$29,994$27,081$24,428$22,015$14,822
11 years$29,859$26,702$23,842$21,259$18,934$12,164
12 years$27,091$23,966$21,159$18,647$16,407$10,046
13 years$24,751$21,658$18,904$16,463$14,308$8,341
14 years$22,746$19,687$16,986$14,614$12,542$6,953
15 years$21,011$17,984$15,336$13,033$11,043$5,816
16 years$19,494$16,500$13,904$11,670$9,760$4,879
17 years$18,156$15,196$12,652$10,485$8,654$4,102
18 years$16,969$14,042$11,550$9,449$7,694$3,456
19 years$15,908$13,014$10,573$8,538$6,858$2,916
20 years$14,954$12,093$9,704$7,733$6,126$2,464
21 years$14,092$11,264$8,925$7,018$5,482$2,084
22 years$13,310$10,515$8,226$6,381$4,914$1,764
23 years$12,597$9,834$7,595$5,811$4,411$1,495
24 years$11,944$9,214$7,024$5,300$3,965$1,268
25 years$11,344$8,647$6,506$4,841$3,568$1,075
26 years$10,791$8,127$6,034$4,426$3,214$913
27 years$10,280$7,648$5,603$4,051$2,897$775
28 years$9,807$7,207$5,209$3,712$2,614$658
29 years$9,367$6,799$4,847$3,404$2,361$559
30 years$8,956$6,421$4,515$3,124$2,133$475
31 years$8,574$6,070$4,209$2,869$1,928$404
32 years$8,216$5,743$3,927$2,637$1,744$344
33 years$7,880$5,439$3,667$2,425$1,579$292
34 years$7,564$5,155$3,426$2,231$1,429$248
35 years$7,268$4,889$3,203$2,054$1,295$211
36 years$6,988$4,641$2,997$1,891$1,173$180
37 years$6,724$4,408$2,805$1,743$1,063$153
38 years$6,475$4,189$2,627$1,606$964$130
39 years$6,239$3,983$2,461$1,481$874$111
40 years$6,015$3,790$2,306$1,366$793$94
41 years$5,803$3,607$2,163$1,260$719$80
42 years$5,602$3,436$2,029$1,163$653$68
43 years$5,410$3,273$1,904$1,074$592$58
44 years$5,228$3,120$1,787$991$538$49
45 years$5,054$2,975$1,678$916$488$42
46 years$4,888$2,838$1,576$846$443$36
47 years$4,730$2,709$1,481$781$402$30
48 years$4,579$2,586$1,391$722$365$26
49 years$4,434$2,469$1,308$667$332$22
50 years$4,296$2,359$1,229$617$301$19

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 $5,167 every year, while hoping to spend $28,845 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: 22/49/29 Blend
67$4,400,000$4,400,000$4,400,000$4,400,000
68$4,854,130$4,620,930$4,552,730$4,916,261
69$5,318,560$4,816,664$4,674,555$5,168,004
70$5,829,396$5,021,023$4,799,495$5,434,394
71$6,391,339$5,234,399$4,927,624$5,718,766
72$7,009,572$5,457,201$5,059,016$6,022,611
73$7,689,804$5,689,859$5,193,748$6,347,556
74$8,438,325$5,932,823$5,331,900$6,695,381
75$9,262,067$6,186,564$5,473,550$7,068,033
76$10,168,665$6,451,573$5,618,782$7,467,639
77$11,166,535$6,728,367$5,767,678$7,896,531
78$12,264,949$7,017,484$5,920,322$8,357,259
79$13,474,124$7,319,490$6,076,803$8,852,617
80$14,805,315$7,634,976$6,237,207$9,385,664
81$16,270,929$7,964,562$6,401,624$9,959,752
82$17,884,632$8,308,894$6,570,147$10,578,556
83$19,661,487$8,668,651$6,742,869$11,246,104
84$21,618,088$9,044,545$6,919,885$11,966,814
85$23,772,723$9,437,317$7,101,291$12,745,529
86$26,145,543$9,847,748$7,287,186$13,587,566
87$28,758,752$10,276,652$7,477,671$14,498,756
88$31,636,819$10,724,882$7,672,848$15,485,502
89$34,806,707$11,193,333$7,872,820$16,554,831
90$38,298,125$11,682,941$8,077,694$17,714,458
91$42,143,814$12,194,685$8,287,576$18,972,858
92$46,379,850$12,729,592$8,502,577$20,339,336
93$51,045,989$13,288,736$8,722,808$21,824,118
94$56,186,039$13,873,244$8,948,381$23,438,436
95$61,848,275$14,484,293$9,179,412$25,194,635
96$68,085,894$15,123,118$9,416,017$27,106,282
97$74,957,517$15,791,012$9,658,315$29,188,288
98$82,527,741$16,489,329$9,906,426$31,457,047
99$90,867,751$17,219,487$10,160,472$33,930,583
100$100,055,992$17,982,971$10,420,578$36,628,713