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

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$404,637$401,033$397,517$394,084$390,733$383,000
2 years$200,316$196,585$192,969$189,464$186,063$178,306
3 years$132,217$128,470$124,864$121,391$118,046$110,505
4 years$98,175$94,439$90,869$87,456$84,192$76,925
5 years$77,754$74,042$70,518$67,174$64,001$57,030
6 years$64,145$60,461$56,989$53,720$50,642$43,974
7 years$54,429$50,775$47,358$44,166$41,185$34,822
8 years$47,144$43,523$40,163$37,050$34,167$28,107
9 years$41,482$37,895$34,593$31,558$28,774$23,012
10 years$36,954$33,402$30,159$27,203$24,517$19,049
11 years$33,252$29,736$26,551$23,675$21,085$15,904
12 years$30,170$26,690$23,564$20,766$18,272$13,370
13 years$27,563$24,120$21,053$18,334$15,934$11,303
14 years$25,331$21,924$18,916$16,274$13,967$9,599
15 years$23,398$20,028$17,078$14,514$12,298$8,183
16 years$21,709$18,375$15,484$12,996$10,869$6,998
17 years$20,220$16,923$14,090$11,676$9,637$6,000
18 years$18,897$15,638$12,862$10,523$8,569$5,156
19 years$17,716$14,493$11,775$9,508$7,638$4,439
20 years$16,654$13,467$10,806$8,612$6,822$3,828
21 years$15,694$12,544$9,940$7,816$6,105$3,306
22 years$14,822$11,710$9,161$7,106$5,472$2,858
23 years$14,028$10,952$8,459$6,472$4,912$2,474
24 years$13,301$10,261$7,823$5,903$4,415$2,143
25 years$12,633$9,630$7,245$5,391$3,973$1,857
26 years$12,017$9,050$6,720$4,929$3,579$1,611
27 years$11,448$8,517$6,240$4,512$3,227$1,398
28 years$10,921$8,026$5,801$4,134$2,911$1,214
29 years$10,431$7,571$5,398$3,791$2,629$1,055
30 years$9,974$7,150$5,028$3,479$2,375$917
31 years$9,548$6,760$4,688$3,195$2,148$797
32 years$9,149$6,396$4,374$2,936$1,943$693
33 years$8,775$6,057$4,084$2,700$1,758$603
34 years$8,424$5,741$3,816$2,484$1,592$524
35 years$8,094$5,445$3,567$2,287$1,442$456
36 years$7,782$5,168$3,337$2,106$1,306$397
37 years$7,489$4,908$3,123$1,941$1,184$345
38 years$7,211$4,665$2,925$1,789$1,073$301
39 years$6,948$4,436$2,740$1,649$973$262
40 years$6,699$4,220$2,569$1,521$883$228
41 years$6,463$4,017$2,408$1,404$801$198
42 years$6,238$3,826$2,259$1,295$727$173
43 years$6,025$3,645$2,120$1,196$660$150
44 years$5,822$3,475$1,990$1,104$599$131
45 years$5,628$3,314$1,869$1,020$544$114
46 years$5,444$3,161$1,755$942$493$99
47 years$5,268$3,017$1,649$870$448$86
48 years$5,099$2,880$1,549$804$407$75
49 years$4,938$2,750$1,456$743$370$66
50 years$4,784$2,627$1,369$687$336$57

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 $2,329 every year, while hoping to spend $59,707 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: 35/47/18 Blend
67$4,900,000$4,900,000$4,900,000$4,900,000
68$5,402,202$5,142,502$5,066,552$5,561,413
69$5,889,699$5,330,957$5,172,754$5,866,380
70$6,424,920$5,526,645$5,280,512$6,189,471
71$7,012,668$5,729,858$5,389,817$6,536,823
72$7,658,238$5,940,899$5,500,653$6,910,625
73$8,367,460$6,160,084$5,613,007$7,313,281
74$9,146,757$6,387,744$5,726,858$7,747,425
75$10,003,206$6,624,223$5,842,187$8,215,955
76$10,944,601$6,869,879$5,958,969$8,722,048
77$11,979,533$7,125,085$6,077,177$9,269,197
78$13,117,464$7,390,232$6,196,781$9,861,238
79$14,368,817$7,665,726$6,317,745$10,502,386
80$15,745,080$7,951,990$6,440,034$11,197,274
81$17,258,907$8,249,467$6,563,604$11,950,992
82$18,924,242$8,558,616$6,688,410$12,769,137
83$20,756,445$8,879,919$6,814,402$13,657,862
84$22,772,444$9,213,877$6,941,526$14,623,933
85$24,990,888$9,561,012$7,069,723$15,674,789
86$27,432,327$9,921,870$7,198,926$16,818,615
87$30,119,402$10,297,019$7,329,068$18,064,409
88$33,077,062$10,687,054$7,460,073$19,422,074
89$36,332,795$11,092,593$7,591,858$20,902,503
90$39,916,893$11,514,282$7,724,338$22,517,681
91$43,862,730$11,952,796$7,857,417$24,280,796
92$48,207,083$12,408,838$7,990,996$26,206,362
93$52,990,477$12,883,142$8,124,965$28,310,350
94$58,257,564$13,376,474$8,259,210$30,610,339
95$64,057,549$13,889,635$8,393,607$33,125,680
96$70,444,650$14,423,459$8,528,024$35,877,672
97$77,478,613$14,978,816$8,662,321$38,889,763
98$85,225,271$15,556,618$8,796,348$42,187,764
99$93,757,169$16,157,812$8,929,946$45,800,096
100$103,154,246$16,783,391$9,062,946$49,758,048