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%14.4%
1 years$421,153$417,402$413,742$410,169$406,681$399,287
2 years$208,492$204,609$200,846$197,197$193,658$186,235
3 years$137,614$133,714$129,960$126,346$122,864$115,644
4 years$102,182$98,294$94,578$91,025$87,628$80,665
5 years$80,928$77,064$73,396$69,916$66,613$59,929
6 years$66,764$62,928$59,315$55,912$52,709$46,309
7 years$56,650$52,847$49,291$45,969$42,866$36,754
8 years$49,068$45,300$41,803$38,562$35,562$29,735
9 years$43,175$39,442$36,005$32,846$29,948$24,404
10 years$38,462$34,766$31,390$28,314$25,517$20,250
11 years$34,610$30,950$27,635$24,641$21,946$16,950
12 years$31,401$27,779$24,525$21,614$19,018$14,286
13 years$28,688$25,104$21,912$19,082$16,584$12,109
14 years$26,365$22,819$19,688$16,939$14,537$10,312
15 years$24,353$20,846$17,775$15,106$12,800$8,815
16 years$22,595$19,125$16,116$13,526$11,312$7,559
17 years$21,045$17,614$14,665$12,153$10,030$6,500
18 years$19,669$16,276$13,387$10,952$8,919$5,602
19 years$18,439$15,084$12,255$9,896$7,949$4,838
20 years$17,333$14,017$11,247$8,963$7,101$4,184
21 years$16,334$13,056$10,345$8,135$6,354$3,625
22 years$15,427$12,188$9,535$7,396$5,696$3,143
23 years$14,601$11,399$8,804$6,736$5,113$2,729
24 years$13,844$10,680$8,142$6,144$4,595$2,371
25 years$13,149$10,023$7,541$5,611$4,135$2,062
26 years$12,508$9,420$6,994$5,130$3,725$1,794
27 years$11,916$8,865$6,495$4,696$3,358$1,562
28 years$11,367$8,353$6,038$4,302$3,030$1,361
29 years$10,857$7,881$5,618$3,945$2,736$1,186
30 years$10,381$7,442$5,233$3,621$2,472$1,034
31 years$9,938$7,035$4,879$3,325$2,235$902
32 years$9,523$6,657$4,552$3,056$2,022$787
33 years$9,133$6,304$4,250$2,810$1,830$687
34 years$8,768$5,975$3,971$2,586$1,657$599
35 years$8,424$5,667$3,713$2,380$1,501$523
36 years$8,100$5,379$3,473$2,192$1,360$457
37 years$7,794$5,109$3,251$2,020$1,232$399
38 years$7,505$4,855$3,044$1,862$1,117$348
39 years$7,232$4,617$2,852$1,717$1,013$304
40 years$6,973$4,393$2,673$1,583$919$266
41 years$6,727$4,181$2,507$1,461$834$232
42 years$6,493$3,982$2,351$1,348$756$203
43 years$6,271$3,794$2,207$1,245$686$177
44 years$6,060$3,617$2,071$1,149$623$155
45 years$5,858$3,449$1,945$1,061$566$135
46 years$5,666$3,290$1,827$980$514$118
47 years$5,483$3,140$1,716$906$466$103
48 years$5,307$2,997$1,613$837$424$90
49 years$5,140$2,862$1,516$773$385$79
50 years$4,979$2,734$1,425$715$349$69

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 $2,983 every year, while hoping to spend $35,121 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: 57/28/15 Blend
67$5,100,000$5,100,000$5,100,000$5,100,000
68$5,623,277$5,352,977$5,273,927$5,921,836
69$6,159,483$5,577,904$5,413,235$6,349,419
70$6,749,204$5,812,676$5,556,033$6,811,032
71$7,397,863$6,057,737$5,702,400$7,313,244
72$8,111,433$6,313,554$5,852,418$7,859,957
73$8,896,495$6,580,614$6,006,170$8,455,462
74$9,760,301$6,859,428$6,163,740$9,104,476
75$10,710,841$7,150,529$6,325,214$9,812,188
76$11,756,918$7,454,476$6,490,680$10,584,306
77$12,908,232$7,771,853$6,660,226$11,427,109
78$14,175,471$8,103,274$6,833,944$12,347,504
79$15,570,413$8,449,378$7,011,925$13,353,092
80$17,106,034$8,810,836$7,194,263$14,452,234
81$18,796,632$9,188,350$7,381,053$15,654,135
82$20,657,963$9,582,654$7,572,394$16,968,920
83$22,707,389$9,994,518$7,768,382$18,407,738
84$24,964,039$10,424,745$7,969,119$19,982,855
85$27,448,993$10,874,180$8,174,707$21,707,778
86$30,185,479$11,343,703$8,385,248$23,597,370
87$33,199,092$11,834,239$8,600,848$25,667,998
88$36,518,037$12,346,754$8,821,614$27,937,678
89$40,173,391$12,882,260$9,047,653$30,426,246
90$44,199,404$13,441,817$9,279,076$33,155,543
91$48,633,812$14,026,535$9,515,993$36,149,617
92$53,518,200$14,637,575$9,758,519$39,434,948
93$58,898,394$15,276,154$10,006,767$43,040,696
94$64,824,890$15,943,545$10,260,854$46,998,972
95$71,353,333$16,641,083$10,520,896$51,345,138
96$78,545,040$17,370,163$10,787,013$56,118,140
97$86,467,583$18,132,249$11,059,326$61,360,870
98$95,195,419$18,928,872$11,337,957$67,120,568
99$104,810,601$19,761,636$11,623,028$73,449,263
100$115,403,547$20,632,221$11,914,664$80,404,265