Can I retire at age 68 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$421,153$417,402$413,742$410,169$406,681$399,944
2 years$208,492$204,609$200,846$197,197$193,658$186,890
3 years$137,614$133,714$129,960$126,346$122,864$116,276
4 years$102,182$98,294$94,578$91,025$87,628$81,271
5 years$80,928$77,064$73,396$69,916$66,613$60,505
6 years$66,764$62,928$59,315$55,912$52,709$46,856
7 years$56,650$52,847$49,291$45,969$42,866$37,272
8 years$49,068$45,300$41,803$38,562$35,562$30,224
9 years$43,175$39,442$36,005$32,846$29,948$24,864
10 years$38,462$34,766$31,390$28,314$25,517$20,683
11 years$34,610$30,950$27,635$24,641$21,946$17,355
12 years$31,401$27,779$24,525$21,614$19,018$14,666
13 years$28,688$25,104$21,912$19,082$16,584$12,464
14 years$26,365$22,819$19,688$16,939$14,537$10,642
15 years$24,353$20,846$17,775$15,106$12,800$9,122
16 years$22,595$19,125$16,116$13,526$11,312$7,845
17 years$21,045$17,614$14,665$12,153$10,030$6,765
18 years$19,669$16,276$13,387$10,952$8,919$5,848
19 years$18,439$15,084$12,255$9,896$7,949$5,065
20 years$17,333$14,017$11,247$8,963$7,101$4,394
21 years$16,334$13,056$10,345$8,135$6,354$3,817
22 years$15,427$12,188$9,535$7,396$5,696$3,321
23 years$14,601$11,399$8,804$6,736$5,113$2,892
24 years$13,844$10,680$8,142$6,144$4,595$2,521
25 years$13,149$10,023$7,541$5,611$4,135$2,199
26 years$12,508$9,420$6,994$5,130$3,725$1,920
27 years$11,916$8,865$6,495$4,696$3,358$1,677
28 years$11,367$8,353$6,038$4,302$3,030$1,466
29 years$10,857$7,881$5,618$3,945$2,736$1,281
30 years$10,381$7,442$5,233$3,621$2,472$1,121
31 years$9,938$7,035$4,879$3,325$2,235$981
32 years$9,523$6,657$4,552$3,056$2,022$859
33 years$9,133$6,304$4,250$2,810$1,830$752
34 years$8,768$5,975$3,971$2,586$1,657$658
35 years$8,424$5,667$3,713$2,380$1,501$577
36 years$8,100$5,379$3,473$2,192$1,360$505
37 years$7,794$5,109$3,251$2,020$1,232$443
38 years$7,505$4,855$3,044$1,862$1,117$388
39 years$7,232$4,617$2,852$1,717$1,013$340
40 years$6,973$4,393$2,673$1,583$919$298
41 years$6,727$4,181$2,507$1,461$834$261
42 years$6,493$3,982$2,351$1,348$756$229
43 years$6,271$3,794$2,207$1,245$686$201
44 years$6,060$3,617$2,071$1,149$623$176
45 years$5,858$3,449$1,945$1,061$566$154
46 years$5,666$3,290$1,827$980$514$135
47 years$5,483$3,140$1,716$906$466$119
48 years$5,307$2,997$1,613$837$424$104
49 years$5,140$2,862$1,516$773$385$91
50 years$4,979$2,734$1,425$715$349$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $5,100,000, adding $3,315 every year, while hoping to spend $50,250 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$5,100,000$5,100,000$5,100,000$5,100,000
68$5,623,619$5,353,319$5,274,269$5,922,283
69$6,143,763$5,562,166$5,397,492$6,334,484
70$6,715,277$5,779,563$5,523,158$6,778,103
71$7,343,348$6,005,874$5,651,297$7,260,837
72$8,033,691$6,241,483$5,781,936$7,786,484
73$8,792,600$6,486,789$5,915,104$8,359,224
74$9,627,011$6,742,207$6,050,826$8,983,655
75$10,544,566$7,008,175$6,189,128$9,664,837
76$11,553,682$7,285,146$6,330,035$10,408,341
77$12,663,636$7,573,597$6,473,569$11,220,299
78$13,884,647$7,874,023$6,619,753$12,107,457
79$15,227,974$8,186,943$6,768,609$13,077,246
80$16,706,025$8,512,900$6,920,154$14,137,845
81$18,332,467$8,852,460$7,074,407$15,298,257
82$20,122,363$9,206,215$7,231,384$16,568,399
83$22,092,308$9,574,784$7,391,099$17,959,185
84$24,260,587$9,958,812$7,553,565$19,482,637
85$26,647,350$10,358,976$7,718,792$21,151,993
86$29,274,795$10,775,982$7,886,787$22,981,829
87$32,167,387$11,210,568$8,057,557$24,988,198
88$35,352,080$11,663,505$8,231,105$27,188,783
89$38,858,575$12,135,600$8,407,430$29,603,054
90$42,719,602$12,627,696$8,586,531$32,252,458
91$46,971,223$13,140,675$8,768,401$35,160,619
92$51,653,177$13,675,457$8,953,032$38,353,555
93$56,809,253$14,233,007$9,140,411$41,859,927
94$62,487,704$14,814,332$9,330,522$45,711,304
95$68,741,700$15,420,484$9,523,344$49,942,462
96$75,629,832$16,052,566$9,718,855$54,591,711
97$83,216,662$16,711,729$9,917,023$59,701,251
98$91,573,335$17,399,178$10,117,817$65,317,571
99$100,778,249$18,116,171$10,321,198$71,491,886
100$110,917,794$18,864,027$10,527,122$78,280,620