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%16.1%
1 years$421,153$417,402$413,742$410,169$406,681$396,528
2 years$208,492$204,609$200,846$197,197$193,658$183,493
3 years$137,614$133,714$129,960$126,346$122,864$113,006
4 years$102,182$98,294$94,578$91,025$87,628$78,151
5 years$80,928$77,064$73,396$69,916$66,613$57,545
6 years$66,764$62,928$59,315$55,912$52,709$44,058
7 years$56,650$52,847$49,291$45,969$42,866$34,634
8 years$49,068$45,300$41,803$38,562$35,562$27,744
9 years$43,175$39,442$36,005$32,846$29,948$22,538
10 years$38,462$34,766$31,390$28,314$25,517$18,507
11 years$34,610$30,950$27,635$24,641$21,946$15,324
12 years$31,401$27,779$24,525$21,614$19,018$12,774
13 years$28,688$25,104$21,912$19,082$16,584$10,706
14 years$26,365$22,819$19,688$16,939$14,537$9,011
15 years$24,353$20,846$17,775$15,106$12,800$7,613
16 years$22,595$19,125$16,116$13,526$11,312$6,450
17 years$21,045$17,614$14,665$12,153$10,030$5,479
18 years$19,669$16,276$13,387$10,952$8,919$4,664
19 years$18,439$15,084$12,255$9,896$7,949$3,977
20 years$17,333$14,017$11,247$8,963$7,101$3,396
21 years$16,334$13,056$10,345$8,135$6,354$2,904
22 years$15,427$12,188$9,535$7,396$5,696$2,485
23 years$14,601$11,399$8,804$6,736$5,113$2,129
24 years$13,844$10,680$8,142$6,144$4,595$1,825
25 years$13,149$10,023$7,541$5,611$4,135$1,566
26 years$12,508$9,420$6,994$5,130$3,725$1,344
27 years$11,916$8,865$6,495$4,696$3,358$1,155
28 years$11,367$8,353$6,038$4,302$3,030$992
29 years$10,857$7,881$5,618$3,945$2,736$853
30 years$10,381$7,442$5,233$3,621$2,472$733
31 years$9,938$7,035$4,879$3,325$2,235$630
32 years$9,523$6,657$4,552$3,056$2,022$542
33 years$9,133$6,304$4,250$2,810$1,830$466
34 years$8,768$5,975$3,971$2,586$1,657$401
35 years$8,424$5,667$3,713$2,380$1,501$345
36 years$8,100$5,379$3,473$2,192$1,360$297
37 years$7,794$5,109$3,251$2,020$1,232$256
38 years$7,505$4,855$3,044$1,862$1,117$220
39 years$7,232$4,617$2,852$1,717$1,013$190
40 years$6,973$4,393$2,673$1,583$919$163
41 years$6,727$4,181$2,507$1,461$834$141
42 years$6,493$3,982$2,351$1,348$756$121
43 years$6,271$3,794$2,207$1,245$686$104
44 years$6,060$3,617$2,071$1,149$623$90
45 years$5,858$3,449$1,945$1,061$566$77
46 years$5,666$3,290$1,827$980$514$67
47 years$5,483$3,140$1,716$906$466$57
48 years$5,307$2,997$1,613$837$424$49
49 years$5,140$2,862$1,516$773$385$43
50 years$4,979$2,734$1,425$715$349$37

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 $2,985 every year, while hoping to spend $59,270 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: 60/12/28 Blend
67$5,100,000$5,100,000$5,100,000$5,100,000
68$5,623,279$5,352,979$5,273,929$5,917,879
69$6,133,791$5,552,212$5,387,543$6,318,444
70$6,694,388$5,759,221$5,502,976$6,748,725
71$7,310,117$5,974,325$5,620,228$7,217,009
72$7,986,537$6,197,855$5,739,293$7,727,013
73$8,729,772$6,430,157$5,860,167$8,282,827
74$9,546,568$6,671,594$5,982,842$8,888,956
75$10,444,357$6,922,542$6,107,307$9,550,359
76$11,431,328$7,183,393$6,233,548$10,272,494
77$12,516,502$7,454,557$6,361,550$11,061,376
78$13,709,818$7,736,463$6,491,295$11,923,622
79$15,022,225$8,029,557$6,622,760$12,866,525
80$16,465,790$8,334,302$6,755,920$13,898,113
81$18,053,804$8,651,187$6,890,747$15,027,227
82$19,800,914$8,980,716$7,027,208$16,263,606
83$21,723,255$9,323,420$7,165,268$17,617,977
84$23,838,609$9,679,850$7,304,886$19,102,154
85$26,166,566$10,050,581$7,446,019$20,729,149
86$28,728,712$10,436,215$7,588,616$22,513,298
87$31,548,831$10,837,380$7,732,625$24,470,390
88$34,653,130$11,254,731$7,877,987$26,617,819
89$38,070,488$11,688,950$8,024,638$28,974,747
90$41,832,721$12,140,753$8,172,507$31,562,282
91$45,974,893$12,610,884$8,321,520$34,403,678
92$50,535,636$13,100,121$8,471,595$37,524,556
93$55,557,520$13,609,277$8,622,643$40,953,139
94$61,087,456$14,139,199$8,774,570$44,720,523
95$67,177,131$14,690,775$8,927,273$48,860,968
96$73,883,504$15,264,929$9,080,642$53,412,218
97$81,269,338$15,862,626$9,234,560$58,415,861
98$89,403,793$16,484,878$9,388,900$63,917,717
99$98,363,079$17,132,736$9,543,527$69,968,268
100$108,231,175$17,807,302$9,698,298$76,623,141