Can I retire at age 68 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$404,637$401,033$397,517$394,084$390,733$388,270
2 years$200,316$196,585$192,969$189,464$186,063$183,579
3 years$132,217$128,470$124,864$121,391$118,046$115,618
4 years$98,175$94,439$90,869$87,456$84,192$81,837
5 years$77,754$74,042$70,518$67,174$64,001$61,728
6 years$64,145$60,461$56,989$53,720$50,642$48,453
7 years$54,429$50,775$47,358$44,166$41,185$39,081
8 years$47,144$43,523$40,163$37,050$34,167$32,148
9 years$41,482$37,895$34,593$31,558$28,774$26,840
10 years$36,954$33,402$30,159$27,203$24,517$22,666
11 years$33,252$29,736$26,551$23,675$21,085$19,317
12 years$30,170$26,690$23,564$20,766$18,272$16,585
13 years$27,563$24,120$21,053$18,334$15,934$14,325
14 years$25,331$21,924$18,916$16,274$13,967$12,436
15 years$23,398$20,028$17,078$14,514$12,298$10,842
16 years$21,709$18,375$15,484$12,996$10,869$9,486
17 years$20,220$16,923$14,090$11,676$9,637$8,326
18 years$18,897$15,638$12,862$10,523$8,569$7,326
19 years$17,716$14,493$11,775$9,508$7,638$6,461
20 years$16,654$13,467$10,806$8,612$6,822$5,709
21 years$15,694$12,544$9,940$7,816$6,105$5,054
22 years$14,822$11,710$9,161$7,106$5,472$4,480
23 years$14,028$10,952$8,459$6,472$4,912$3,977
24 years$13,301$10,261$7,823$5,903$4,415$3,534
25 years$12,633$9,630$7,245$5,391$3,973$3,144
26 years$12,017$9,050$6,720$4,929$3,579$2,800
27 years$11,448$8,517$6,240$4,512$3,227$2,495
28 years$10,921$8,026$5,801$4,134$2,911$2,225
29 years$10,431$7,571$5,398$3,791$2,629$1,985
30 years$9,974$7,150$5,028$3,479$2,375$1,772
31 years$9,548$6,760$4,688$3,195$2,148$1,583
32 years$9,149$6,396$4,374$2,936$1,943$1,414
33 years$8,775$6,057$4,084$2,700$1,758$1,264
34 years$8,424$5,741$3,816$2,484$1,592$1,131
35 years$8,094$5,445$3,567$2,287$1,442$1,011
36 years$7,782$5,168$3,337$2,106$1,306$905
37 years$7,489$4,908$3,123$1,941$1,184$810
38 years$7,211$4,665$2,925$1,789$1,073$725
39 years$6,948$4,436$2,740$1,649$973$649
40 years$6,699$4,220$2,569$1,521$883$581
41 years$6,463$4,017$2,408$1,404$801$521
42 years$6,238$3,826$2,259$1,295$727$466
43 years$6,025$3,645$2,120$1,196$660$418
44 years$5,822$3,475$1,990$1,104$599$374
45 years$5,628$3,314$1,869$1,020$544$336
46 years$5,444$3,161$1,755$942$493$301
47 years$5,268$3,017$1,649$870$448$269
48 years$5,099$2,880$1,549$804$407$242
49 years$4,938$2,750$1,456$743$370$217
50 years$4,784$2,627$1,369$687$336$194

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $4,900,000, adding $2,273 every year, while hoping to spend $29,411 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: 53/38/9 Blend
67$4,900,000$4,900,000$4,900,000$4,900,000
68$5,402,145$5,142,445$5,066,495$5,676,140
69$5,921,870$5,363,131$5,204,929$6,083,084
70$6,493,622$5,593,646$5,347,015$6,522,200
71$7,122,676$5,834,439$5,492,845$6,999,232
72$7,814,845$6,085,982$5,642,511$7,517,770
73$8,576,533$6,348,769$5,796,109$8,081,763
74$9,414,797$6,623,316$5,953,736$8,695,545
75$10,337,413$6,910,166$6,115,493$9,363,885
76$11,352,948$7,209,883$6,281,481$10,092,022
77$12,470,844$7,523,062$6,451,806$10,885,714
78$13,701,501$7,850,324$6,626,573$11,751,297
79$15,056,382$8,192,318$6,805,891$12,695,732
80$16,548,117$8,549,725$6,989,872$13,726,680
81$18,190,623$8,923,259$7,178,631$14,852,562
82$19,999,234$9,313,667$7,372,282$16,082,644
83$21,990,848$9,721,728$7,570,946$17,427,118
84$24,184,085$10,148,264$7,774,743$18,897,197
85$26,599,462$10,594,129$7,983,798$20,505,217
86$29,259,589$11,060,223$8,198,237$22,264,754
87$32,189,379$11,547,486$8,418,189$24,190,745
88$35,416,285$12,056,902$8,643,788$26,299,630
89$38,970,558$12,589,502$8,875,167$28,609,500
90$42,885,534$13,146,367$9,112,464$31,140,269
91$47,197,947$13,728,627$9,355,820$33,913,856
92$51,948,276$14,337,468$9,605,378$36,954,390
93$57,181,127$14,974,131$9,861,285$40,288,431
94$62,945,653$15,639,915$10,123,690$43,945,220
95$69,296,021$16,336,182$10,392,744$47,956,950
96$76,291,919$17,064,359$10,668,605$52,359,066
97$83,999,121$17,825,938$10,951,429$57,190,594
98$92,490,108$18,622,486$11,241,379$62,494,508
99$101,844,753$19,455,642$11,538,619$68,318,125
100$112,151,072$20,327,123$11,843,318$74,713,555