Can I retire at age 68 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$379,864$376,480$373,179$369,957$366,810$354,219
2 years$188,051$184,549$181,155$177,864$174,672$162,114
3 years$124,122$120,605$117,219$113,959$110,819$98,689
4 years$92,164$88,657$85,306$82,101$79,037$67,429
5 years$72,994$69,508$66,201$63,062$60,083$49,026
6 years$60,218$56,759$53,500$50,431$47,541$37,045
7 years$51,096$47,666$44,459$41,462$38,664$28,727
8 years$44,258$40,859$37,704$34,781$32,075$22,689
9 years$38,942$35,575$32,475$29,626$27,012$18,165
10 years$34,692$31,357$28,312$25,538$23,016$14,693
11 years$31,216$27,916$24,926$22,226$19,794$11,980
12 years$28,322$25,056$22,121$19,495$17,153$9,829
13 years$25,876$22,643$19,764$17,211$14,958$8,105
14 years$23,780$20,582$17,758$15,278$13,112$6,710
15 years$21,966$18,802$16,033$13,625$11,545$5,573
16 years$20,380$17,250$14,536$12,200$10,203$4,642
17 years$18,982$15,887$13,227$10,962$9,047$3,874
18 years$17,740$14,680$12,075$9,879$8,044$3,239
19 years$16,631$13,605$11,054$8,926$7,170$2,713
20 years$15,634$12,643$10,145$8,084$6,404$2,275
21 years$14,733$11,776$9,331$7,337$5,731$1,909
22 years$13,915$10,993$8,600$6,671$5,137$1,604
23 years$13,169$10,281$7,941$6,075$4,611$1,348
24 years$12,487$9,633$7,344$5,541$4,145$1,134
25 years$11,860$9,040$6,802$5,061$3,730$954
26 years$11,282$8,496$6,308$4,627$3,360$804
27 years$10,748$7,996$5,858$4,235$3,029$677
28 years$10,252$7,534$5,446$3,880$2,733$570
29 years$9,792$7,108$5,068$3,558$2,468$481
30 years$9,364$6,713$4,720$3,266$2,230$405
31 years$8,963$6,346$4,401$2,999$2,016$342
32 years$8,589$6,004$4,106$2,756$1,824$288
33 years$8,238$5,686$3,834$2,535$1,650$243
34 years$7,908$5,389$3,582$2,332$1,494$205
35 years$7,598$5,112$3,349$2,147$1,353$173
36 years$7,306$4,852$3,133$1,977$1,226$146
37 years$7,030$4,608$2,932$1,822$1,111$123
38 years$6,769$4,379$2,746$1,679$1,008$104
39 years$6,523$4,164$2,573$1,548$914$87
40 years$6,289$3,962$2,411$1,428$829$74
41 years$6,067$3,771$2,261$1,318$752$62
42 years$5,856$3,592$2,121$1,216$682$53
43 years$5,656$3,422$1,990$1,122$619$44
44 years$5,465$3,262$1,868$1,036$562$37
45 years$5,284$3,111$1,754$957$510$32
46 years$5,110$2,967$1,648$884$463$27
47 years$4,945$2,832$1,548$817$421$22
48 years$4,787$2,703$1,455$755$382$19
49 years$4,636$2,582$1,367$698$347$16
50 years$4,491$2,466$1,285$645$315$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $4,600,000, adding $4,718 every year, while hoping to spend $51,170 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: 40/47/13 Blend
67$4,600,000$4,600,000$4,600,000$4,600,000
68$5,074,067$4,830,267$4,758,967$5,257,174
69$5,537,177$5,012,505$4,863,948$5,569,311
70$6,045,809$5,201,958$4,970,730$5,901,386
71$6,604,554$5,398,926$5,079,321$6,259,502
72$7,218,465$5,603,720$5,189,725$6,646,041
73$7,893,113$5,816,667$5,301,946$7,063,621
74$8,634,633$6,038,107$5,415,984$7,515,113
75$9,449,786$6,268,394$5,531,839$8,003,674
76$10,346,019$6,507,900$5,649,511$8,532,767
77$11,331,536$6,757,011$5,768,993$9,106,201
78$12,415,379$7,016,130$5,890,280$9,728,158
79$13,607,506$7,285,679$6,013,363$10,403,235
80$14,918,892$7,566,097$6,138,231$11,136,484
81$16,361,627$7,857,844$6,264,869$11,933,460
82$17,949,032$8,161,398$6,393,262$12,800,270
83$19,695,786$8,477,259$6,523,389$13,743,626
84$21,618,061$8,805,950$6,655,228$14,770,913
85$23,733,678$9,148,016$6,788,752$15,890,252
86$26,062,271$9,504,026$6,923,933$17,110,574
87$28,625,474$9,874,575$7,060,737$18,441,704
88$31,447,128$10,260,284$7,199,126$19,894,452
89$34,553,498$10,661,801$7,339,060$21,480,712
90$37,973,529$11,079,804$7,480,493$23,213,569
91$41,739,113$11,514,999$7,623,374$25,107,424
92$45,885,395$11,968,126$7,767,649$27,178,126
93$50,451,097$12,439,956$7,913,257$29,443,115
94$55,478,891$12,931,295$8,060,133$31,921,591
95$61,015,795$13,442,987$8,208,205$34,634,686
96$67,113,623$13,975,910$8,357,397$37,605,662
97$73,829,467$14,530,984$8,507,624$40,860,129
98$81,226,240$15,109,170$8,658,797$44,426,278
99$89,373,268$15,711,471$8,810,818$48,335,153
100$98,346,945$16,338,936$8,963,584$52,620,931