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%12%
1 years$363,348$360,111$356,954$353,872$350,862$347,922
2 years$179,875$176,525$173,278$170,131$167,077$164,114
3 years$118,726$115,361$112,123$109,004$106,001$103,106
4 years$88,157$84,803$81,597$78,531$75,601$72,797
5 years$69,820$66,486$63,322$60,320$57,470$54,766
6 years$57,600$54,291$51,174$48,238$45,474$42,873
7 years$48,875$45,594$42,526$39,659$36,983$34,485
8 years$42,334$39,082$36,065$33,269$30,681$28,287
9 years$37,249$34,028$31,063$28,338$25,838$23,547
10 years$33,183$29,994$27,081$24,428$22,015$19,826
11 years$29,859$26,702$23,842$21,259$18,934$16,845
12 years$27,091$23,966$21,159$18,647$16,407$14,417
13 years$24,751$21,658$18,904$16,463$14,308$12,413
14 years$22,746$19,687$16,986$14,614$12,542$10,741
15 years$21,011$17,984$15,336$13,033$11,043$9,333
16 years$19,494$16,500$13,904$11,670$9,760$8,138
17 years$18,156$15,196$12,652$10,485$8,654$7,117
18 years$16,969$14,042$11,550$9,449$7,694$6,241
19 years$15,908$13,014$10,573$8,538$6,858$5,484
20 years$14,954$12,093$9,704$7,733$6,126$4,829
21 years$14,092$11,264$8,925$7,018$5,482$4,259
22 years$13,310$10,515$8,226$6,381$4,914$3,761
23 years$12,597$9,834$7,595$5,811$4,411$3,326
24 years$11,944$9,214$7,024$5,300$3,965$2,945
25 years$11,344$8,647$6,506$4,841$3,568$2,609
26 years$10,791$8,127$6,034$4,426$3,214$2,314
27 years$10,280$7,648$5,603$4,051$2,897$2,054
28 years$9,807$7,207$5,209$3,712$2,614$1,824
29 years$9,367$6,799$4,847$3,404$2,361$1,621
30 years$8,956$6,421$4,515$3,124$2,133$1,442
31 years$8,574$6,070$4,209$2,869$1,928$1,282
32 years$8,216$5,743$3,927$2,637$1,744$1,141
33 years$7,880$5,439$3,667$2,425$1,579$1,016
34 years$7,564$5,155$3,426$2,231$1,429$905
35 years$7,268$4,889$3,203$2,054$1,295$806
36 years$6,988$4,641$2,997$1,891$1,173$718
37 years$6,724$4,408$2,805$1,743$1,063$640
38 years$6,475$4,189$2,627$1,606$964$571
39 years$6,239$3,983$2,461$1,481$874$509
40 years$6,015$3,790$2,306$1,366$793$454
41 years$5,803$3,607$2,163$1,260$719$404
42 years$5,602$3,436$2,029$1,163$653$361
43 years$5,410$3,273$1,904$1,074$592$322
44 years$5,228$3,120$1,787$991$538$287
45 years$5,054$2,975$1,678$916$488$256
46 years$4,888$2,838$1,576$846$443$229
47 years$4,730$2,709$1,481$781$402$204
48 years$4,579$2,586$1,391$722$365$182
49 years$4,434$2,469$1,308$667$332$162
50 years$4,296$2,359$1,229$617$301$145

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 $5,602 every year, while hoping to spend $49,848 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: 22/50/28 Blend
67$4,400,000$4,400,000$4,400,000$4,400,000
68$4,854,578$4,621,378$4,553,178$4,918,130
69$5,296,708$4,794,788$4,652,672$5,148,377
70$5,782,263$4,975,024$4,753,828$5,389,996
71$6,315,622$5,162,368$4,856,649$5,647,417
72$6,901,606$5,357,115$4,961,138$5,921,965
73$7,545,527$5,559,571$5,067,293$6,215,087
74$8,253,236$5,770,055$5,175,112$6,528,371
75$9,031,181$5,988,902$5,284,593$6,863,552
76$9,886,463$6,216,461$5,395,729$7,222,535
77$10,826,909$6,453,094$5,508,513$7,607,405
78$11,861,139$6,699,181$5,622,933$8,020,448
79$12,998,652$6,955,117$5,738,978$8,464,171
80$14,249,913$7,221,316$5,856,632$8,941,323
81$15,626,453$7,498,209$5,975,878$9,454,921
82$17,140,975$7,786,246$6,096,694$10,008,276
83$18,807,479$8,085,896$6,219,058$10,605,020
84$20,641,387$8,397,650$6,342,942$11,249,142
85$22,659,693$8,722,020$6,468,315$11,945,023
86$24,881,123$9,059,540$6,595,144$12,697,472
87$27,326,307$9,410,767$6,723,392$13,511,773
88$30,017,981$9,776,285$6,853,016$14,393,731
89$32,981,194$10,156,702$6,983,970$15,349,726
90$36,243,547$10,552,653$7,116,205$16,386,769
91$39,835,457$10,964,800$7,249,666$17,512,564
92$43,790,436$11,393,838$7,384,292$18,735,583
93$48,145,413$11,840,489$7,520,019$20,065,141
94$52,941,081$12,305,508$7,656,775$21,511,478
95$58,222,280$12,789,687$7,794,485$23,085,859
96$64,038,418$13,293,848$7,933,067$24,800,669
97$70,443,944$13,818,853$8,072,431$26,669,537
98$77,498,851$14,365,601$8,212,483$28,707,450
99$85,269,252$14,935,034$8,353,119$30,930,903
100$93,827,998$15,528,133$8,494,231$33,358,039