Can I retire at age 68 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$371,606$368,296$365,066$361,914$358,836$352,023
2 years$183,963$180,537$177,217$173,997$170,874$164,037
3 years$121,424$117,983$114,671$111,482$108,410$101,761
4 years$90,160$86,730$83,451$80,316$77,319$70,910
5 years$71,407$67,997$64,761$61,691$58,776$52,626
6 years$58,909$55,525$52,337$49,334$46,508$40,622
7 years$49,985$46,630$43,492$40,561$37,823$32,204
8 years$43,296$39,970$36,885$34,025$31,378$26,024
9 years$38,095$34,801$31,769$28,982$26,425$21,332
10 years$33,937$30,676$27,697$24,983$22,515$17,680
11 years$30,538$27,309$24,384$21,742$19,364$14,780
12 years$27,707$24,511$21,640$19,071$16,780$12,441
13 years$25,313$22,151$19,334$16,837$14,633$10,531
14 years$23,263$20,134$17,372$14,946$12,827$8,956
15 years$21,488$18,393$15,684$13,329$11,294$7,645
16 years$19,937$16,875$14,220$11,935$9,982$6,547
17 years$18,569$15,542$12,940$10,723$8,850$5,622
18 years$17,355$14,361$11,812$9,664$7,869$4,838
19 years$16,270$13,310$10,814$8,732$7,014$4,172
20 years$15,294$12,368$9,924$7,909$6,265$3,603
21 years$14,413$11,520$9,128$7,178$5,607$3,116
22 years$13,612$10,754$8,413$6,526$5,026$2,698
23 years$12,883$10,058$7,768$5,943$4,511$2,339
24 years$12,215$9,424$7,184$5,421$4,055$2,029
25 years$11,602$8,844$6,654$4,951$3,649$1,762
26 years$11,036$8,311$6,171$4,527$3,287$1,531
27 years$10,514$7,822$5,731$4,143$2,963$1,331
28 years$10,030$7,371$5,327$3,796$2,674$1,157
29 years$9,579$6,953$4,957$3,481$2,414$1,007
30 years$9,160$6,567$4,618$3,195$2,181$876
31 years$8,769$6,208$4,305$2,934$1,972$763
32 years$8,402$5,874$4,017$2,697$1,784$665
33 years$8,059$5,563$3,750$2,480$1,615$579
34 years$7,736$5,272$3,504$2,282$1,462$505
35 years$7,433$5,000$3,276$2,100$1,324$440
36 years$7,147$4,746$3,065$1,934$1,200$383
37 years$6,877$4,508$2,868$1,782$1,087$334
38 years$6,622$4,284$2,686$1,643$986$291
39 years$6,381$4,074$2,517$1,515$894$254
40 years$6,152$3,876$2,359$1,397$811$222
41 years$5,935$3,689$2,212$1,289$736$193
42 years$5,729$3,514$2,075$1,190$667$168
43 years$5,533$3,348$1,947$1,098$606$147
44 years$5,347$3,191$1,828$1,014$550$128
45 years$5,169$3,043$1,716$936$499$112
46 years$4,999$2,903$1,612$865$453$98
47 years$4,838$2,770$1,514$799$412$85
48 years$4,683$2,645$1,423$738$374$74
49 years$4,535$2,525$1,337$682$339$65
50 years$4,394$2,412$1,257$631$308$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $4,500,000, adding $4,098 every year, while hoping to spend $24,163 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: 53/40/7 Blend
67$4,500,000$4,500,000$4,500,000$4,500,000
68$4,963,227$4,724,727$4,654,977$5,217,761
69$5,443,767$4,930,529$4,785,210$5,596,477
70$5,972,512$5,145,606$4,918,995$6,005,282
71$6,554,354$5,370,387$5,056,427$6,449,436
72$7,194,682$5,605,319$5,197,601$6,932,283
73$7,899,435$5,850,875$5,342,616$7,457,495
74$8,675,155$6,107,546$5,491,572$8,029,107
75$9,529,054$6,375,849$5,644,572$8,651,555
76$10,469,074$6,656,322$5,801,722$9,329,714
77$11,503,971$6,949,533$5,963,131$10,068,940
78$12,643,389$7,256,073$6,128,909$10,875,125
79$13,897,957$7,576,563$6,299,170$11,754,745
80$15,279,387$7,911,653$6,474,030$12,714,920
81$16,800,583$8,262,023$6,653,609$13,763,484
82$18,475,767$8,628,386$6,838,029$14,909,049
83$20,320,607$9,011,489$7,027,415$16,161,089
84$22,352,371$9,412,114$7,221,895$17,530,028
85$24,590,085$9,831,080$7,421,601$19,027,331
86$27,054,716$10,269,245$7,626,667$20,665,614
87$29,769,367$10,727,508$7,837,230$22,458,758
88$32,759,497$11,206,811$8,053,432$24,422,038
89$36,053,161$11,708,140$8,275,417$26,572,263
90$39,681,272$12,232,528$8,503,333$28,927,934
91$43,677,898$12,781,057$8,737,330$31,509,413
92$48,080,577$13,354,863$8,977,564$34,339,112
93$52,930,676$13,955,132$9,224,194$37,441,702
94$58,273,781$14,583,109$9,477,380$40,844,341
95$64,160,125$15,240,099$9,737,290$44,576,929
96$70,645,061$15,927,468$10,004,093$48,672,381
97$77,789,590$16,646,647$10,277,963$53,166,937
98$85,660,932$17,399,135$10,559,078$58,100,501
99$94,333,159$18,186,505$10,847,619$63,517,008
100$103,887,900$19,010,403$11,143,773$69,464,839