Can I retire at age 68 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$396,380$392,849$389,404$386,042$382,759$373,506
2 years$196,227$192,573$189,031$185,597$182,266$172,999
3 years$129,519$125,849$122,316$118,914$115,637$106,646
4 years$96,171$92,512$89,014$85,671$82,473$73,828
5 years$76,168$72,531$69,079$65,803$62,695$54,419
6 years$62,836$59,227$55,826$52,623$49,608$41,710
7 years$53,318$49,738$46,392$43,265$40,345$32,825
8 years$46,182$42,635$39,344$36,294$33,470$26,326
9 years$40,635$37,121$33,887$30,914$28,187$21,412
10 years$36,200$32,721$29,543$26,648$24,016$17,604
11 years$32,574$29,129$26,009$23,192$20,655$14,595
12 years$29,554$26,145$23,083$20,342$17,899$12,182
13 years$27,001$23,627$20,623$17,959$15,608$10,223
14 years$24,814$21,477$18,530$15,942$13,682$8,617
15 years$22,921$19,619$16,730$14,218$12,047$7,290
16 years$21,266$18,000$15,168$12,730$10,647$6,186
17 years$19,807$16,578$13,802$11,438$9,440$5,262
18 years$18,512$15,318$12,600$10,308$8,394$4,486
19 years$17,354$14,197$11,534$9,314$7,482$3,830
20 years$16,314$13,193$10,586$8,436$6,683$3,276
21 years$15,373$12,288$9,737$7,656$5,980$2,805
22 years$14,520$11,471$8,974$6,961$5,361$2,405
23 years$13,742$10,728$8,286$6,340$4,812$2,064
24 years$13,029$10,052$7,663$5,782$4,325$1,772
25 years$12,375$9,433$7,098$5,281$3,892$1,523
26 years$11,772$8,866$6,583$4,828$3,506$1,309
27 years$11,215$8,344$6,113$4,419$3,161$1,126
28 years$10,698$7,862$5,682$4,049$2,852$969
29 years$10,218$7,417$5,288$3,713$2,575$834
30 years$9,771$7,005$4,926$3,408$2,327$718
31 years$9,353$6,622$4,592$3,130$2,104$619
32 years$8,962$6,265$4,284$2,876$1,903$533
33 years$8,596$5,933$4,000$2,645$1,722$460
34 years$8,252$5,624$3,738$2,434$1,559$396
35 years$7,928$5,334$3,494$2,240$1,412$341
36 years$7,624$5,063$3,269$2,063$1,280$294
37 years$7,336$4,808$3,060$1,901$1,160$254
38 years$7,064$4,570$2,865$1,752$1,051$219
39 years$6,806$4,345$2,684$1,616$953$189
40 years$6,562$4,134$2,516$1,490$865$163
41 years$6,331$3,935$2,359$1,375$785$140
42 years$6,111$3,748$2,213$1,269$712$121
43 years$5,902$3,571$2,077$1,171$646$104
44 years$5,703$3,404$1,949$1,082$586$90
45 years$5,513$3,246$1,830$999$532$78
46 years$5,333$3,096$1,719$923$483$67
47 years$5,160$2,955$1,615$852$439$58
48 years$4,995$2,821$1,518$788$399$50
49 years$4,837$2,694$1,427$728$362$43
50 years$4,686$2,573$1,341$673$329$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $4,800,000, adding $2,187 every year, while hoping to spend $40,471 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: 59/19/22 Blend
67$4,800,000$4,800,000$4,800,000$4,800,000
68$5,291,856$5,037,456$4,963,056$5,572,951
69$5,788,564$5,241,230$5,086,257$5,968,010
70$6,334,581$5,453,633$5,212,230$6,394,100
71$6,934,892$5,675,045$5,341,023$6,857,931
72$7,594,991$5,905,863$5,472,688$7,363,166
73$8,320,932$6,146,502$5,607,275$7,913,835
74$9,119,383$6,397,396$5,744,834$8,514,373
75$9,997,692$6,659,001$5,885,419$9,169,659
76$10,963,955$6,931,790$6,029,078$9,885,063
77$12,027,091$7,216,261$6,175,866$10,666,496
78$13,196,929$7,512,933$6,325,832$11,520,462
79$14,484,298$7,822,348$6,479,029$12,454,123
80$15,901,128$8,145,075$6,635,508$13,475,361
81$17,460,567$8,481,708$6,795,322$14,592,855
82$19,177,101$8,832,867$6,958,521$15,816,158
83$21,066,691$9,199,204$7,125,157$17,155,791
84$23,146,926$9,581,397$7,295,282$18,623,335
85$25,437,185$9,980,158$7,468,946$20,231,544
86$27,958,822$10,396,230$7,646,200$21,994,463
87$30,735,368$10,830,391$7,827,094$23,927,557
88$33,792,751$11,283,456$8,011,678$26,047,858
89$37,159,542$11,756,276$8,199,999$28,374,122
90$40,867,224$12,249,741$8,392,108$30,927,009
91$44,950,487$12,764,785$8,588,050$33,729,270
92$49,447,560$13,302,383$8,787,873$36,805,965
93$54,400,566$13,863,555$8,991,621$40,184,697
94$59,855,923$14,449,369$9,199,340$43,895,868
95$65,864,782$15,060,942$9,411,073$47,972,969
96$72,483,506$15,699,445$9,626,860$52,452,888
97$79,774,206$16,366,100$9,846,742$57,376,262
98$87,805,326$17,062,189$10,070,758$62,787,856
99$96,652,285$17,789,052$10,298,945$68,736,981
100$106,398,194$18,548,092$10,531,336$75,277,964