Can I retire at age 68 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$388,122$384,664$381,291$377,999$374,785$362,208
2 years$192,139$188,561$185,093$181,730$178,469$165,922
3 years$126,821$123,227$119,767$116,436$113,228$101,105
4 years$94,168$90,585$87,160$83,886$80,755$69,149
5 years$74,581$71,019$67,640$64,432$61,389$50,330
6 years$61,527$57,993$54,663$51,527$48,575$38,072
7 years$52,207$48,702$45,425$42,363$39,504$29,557
8 years$45,220$41,747$38,524$35,538$32,773$23,372
9 years$39,788$36,348$33,181$30,270$27,599$18,735
10 years$35,446$32,039$28,928$26,093$23,516$15,173
11 years$31,895$28,522$25,468$22,709$20,225$12,388
12 years$28,938$25,600$22,602$19,919$17,526$10,177
13 years$26,438$23,135$20,193$17,585$15,283$8,403
14 years$24,297$21,029$18,144$15,610$13,397$6,967
15 years$22,443$19,211$16,381$13,922$11,796$5,795
16 years$20,823$17,625$14,852$12,465$10,425$4,833
17 years$19,394$16,232$13,515$11,200$9,244$4,040
18 years$18,126$14,999$12,337$10,093$8,219$3,383
19 years$16,993$13,901$11,294$9,120$7,326$2,837
20 years$15,974$12,918$10,365$8,260$6,544$2,383
21 years$15,053$12,032$9,534$7,497$5,856$2,003
22 years$14,217$11,232$8,787$6,816$5,249$1,685
23 years$13,455$10,505$8,113$6,208$4,712$1,419
24 years$12,758$9,842$7,503$5,662$4,235$1,195
25 years$12,117$9,237$6,950$5,171$3,811$1,008
26 years$11,527$8,681$6,445$4,728$3,433$850
27 years$10,981$8,170$5,985$4,327$3,095$717
28 years$10,475$7,698$5,564$3,965$2,793$605
29 years$10,005$7,262$5,178$3,636$2,522$511
30 years$9,567$6,859$4,823$3,337$2,278$431
31 years$9,158$6,484$4,496$3,065$2,060$364
32 years$8,776$6,135$4,195$2,816$1,863$308
33 years$8,417$5,810$3,917$2,590$1,686$260
34 years$8,080$5,506$3,660$2,383$1,527$219
35 years$7,763$5,223$3,422$2,194$1,383$185
36 years$7,465$4,957$3,201$2,020$1,253$157
37 years$7,183$4,708$2,996$1,861$1,136$132
38 years$6,917$4,474$2,806$1,716$1,030$112
39 years$6,664$4,255$2,629$1,582$934$95
40 years$6,426$4,048$2,464$1,459$847$80
41 years$6,199$3,853$2,310$1,346$768$68
42 years$5,984$3,670$2,167$1,242$697$57
43 years$5,779$3,497$2,033$1,147$633$48
44 years$5,584$3,333$1,909$1,059$574$41
45 years$5,399$3,178$1,792$978$521$34
46 years$5,222$3,032$1,683$903$473$29
47 years$5,053$2,893$1,581$835$430$25
48 years$4,891$2,762$1,486$771$390$21
49 years$4,737$2,638$1,397$713$355$18
50 years$4,589$2,520$1,313$659$322$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $4,700,000, adding $5,568 every year, while hoping to spend $57,661 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: 39/41/20 Blend
67$4,700,000$4,700,000$4,700,000$4,700,000
68$5,185,143$4,936,043$4,863,193$5,356,254
69$5,652,677$5,116,559$4,964,760$5,660,288
70$6,165,967$5,303,987$5,067,796$5,982,927
71$6,729,619$5,498,605$5,172,290$6,330,608
72$7,348,707$5,700,704$5,278,229$6,705,635
73$8,028,821$5,910,584$5,385,595$7,110,536
74$8,776,119$6,128,561$5,494,371$7,548,089
75$9,597,384$6,354,962$5,604,534$8,021,346
76$10,500,091$6,590,129$5,716,059$8,533,661
77$11,492,473$6,834,417$5,828,920$9,088,721
78$12,583,601$7,088,200$5,943,084$9,690,578
79$13,783,469$7,351,862$6,058,518$10,343,687
80$15,103,088$7,625,809$6,175,184$11,052,945
81$16,554,591$7,910,461$6,293,040$11,823,739
82$18,151,342$8,206,257$6,412,041$12,661,994
83$19,908,071$8,513,655$6,532,136$13,574,226
84$21,841,002$8,833,132$6,653,270$14,567,602
85$23,968,015$9,165,187$6,775,385$15,650,009
86$26,308,809$9,510,337$6,898,417$16,830,123
87$28,885,089$9,869,126$7,022,296$18,117,492
88$31,720,773$10,242,118$7,146,948$19,522,623
89$34,842,213$10,629,903$7,272,292$21,057,078
90$38,278,447$11,033,096$7,398,241$22,733,585
91$42,061,469$11,452,338$7,524,703$24,566,151
92$46,226,537$11,888,300$7,651,578$26,570,196
93$50,812,497$12,341,681$7,778,760$28,762,695
94$55,862,157$12,813,209$7,906,134$31,162,337
95$61,422,686$13,303,645$8,033,579$33,789,695
96$67,546,061$13,813,785$8,160,964$36,667,424
97$74,289,555$14,344,456$8,288,153$39,820,466
98$81,716,281$14,896,525$8,414,996$43,276,289
99$89,895,782$15,470,895$8,541,339$47,065,137
100$98,904,691$16,068,509$8,667,014$51,220,317