Can I retire at age 68 with 5,200,000?

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 $5,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$429,411$425,586$421,854$418,212$414,655$411,353
2 years$212,580$208,621$204,784$201,063$197,455$194,126
3 years$140,312$136,336$132,509$128,823$125,274$122,021
4 years$104,185$100,221$96,432$92,810$89,346$86,195
5 years$82,515$78,575$74,835$71,287$67,919$64,880
6 years$68,073$64,162$60,478$57,009$53,742$50,817
7 years$57,761$53,883$50,258$46,870$43,707$40,898
8 years$50,031$46,188$42,622$39,318$36,259$33,566
9 years$44,021$40,215$36,711$33,490$30,535$27,958
10 years$39,217$35,447$32,005$28,869$26,018$23,554
11 years$35,288$31,557$28,177$25,125$22,376$20,025
12 years$32,017$28,324$25,006$22,038$19,391$17,149
13 years$29,251$25,596$22,341$19,456$16,909$14,775
14 years$26,882$23,266$20,074$17,271$14,822$12,793
15 years$24,831$21,254$18,124$15,403$13,051$11,123
16 years$23,038$19,500$16,432$13,791$11,534$9,706
17 years$21,458$17,959$14,953$12,391$10,227$8,495
18 years$20,054$16,595$13,650$11,167$9,093$7,454
19 years$18,800$15,380$12,496$10,090$8,105$6,555
20 years$17,673$14,292$11,468$9,139$7,240$5,776
21 years$16,655$13,312$10,548$8,294$6,479$5,097
22 years$15,730$12,427$9,722$7,541$5,807$4,505
23 years$14,887$11,622$8,976$6,868$5,213$3,987
24 years$14,115$10,889$8,302$6,264$4,686$3,533
25 years$13,406$10,219$7,689$5,721$4,216$3,133
26 years$12,753$9,604$7,131$5,231$3,798$2,781
27 years$12,149$9,039$6,622$4,788$3,424$2,470
28 years$11,590$8,517$6,156$4,387$3,090$2,196
29 years$11,070$8,035$5,729$4,023$2,790$1,953
30 years$10,585$7,588$5,336$3,692$2,521$1,738
31 years$10,133$7,173$4,975$3,391$2,279$1,547
32 years$9,709$6,787$4,641$3,116$2,062$1,378
33 years$9,312$6,428$4,334$2,865$1,866$1,228
34 years$8,940$6,092$4,049$2,636$1,689$1,094
35 years$8,589$5,778$3,786$2,427$1,530$976
36 years$8,259$5,484$3,541$2,235$1,386$870
37 years$7,947$5,209$3,315$2,059$1,256$776
38 years$7,652$4,950$3,104$1,898$1,139$692
39 years$7,373$4,707$2,908$1,750$1,033$618
40 years$7,109$4,479$2,726$1,614$937$551
41 years$6,859$4,263$2,556$1,489$850$492
42 years$6,620$4,060$2,398$1,375$771$439
43 years$6,394$3,869$2,250$1,269$700$392
44 years$6,178$3,688$2,112$1,172$635$350
45 years$5,973$3,516$1,983$1,082$577$313
46 years$5,777$3,354$1,862$999$524$279
47 years$5,590$3,201$1,750$923$476$249
48 years$5,411$3,056$1,644$853$432$223
49 years$5,241$2,918$1,545$789$392$199
50 years$5,077$2,788$1,453$729$356$178

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $5,200,000, adding $5,218 every year, while hoping to spend $56,952 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: 76/12/12 Blend
67$5,200,000$5,200,000$5,200,000$5,200,000
68$5,735,782$5,460,182$5,379,582$6,157,865
69$6,260,236$5,667,135$5,499,202$6,643,760
70$6,836,274$5,882,319$5,620,920$7,168,554
71$7,469,100$6,106,079$5,744,747$7,742,254
72$8,164,443$6,338,771$5,870,690$8,369,706
73$8,928,617$6,580,771$5,998,758$9,056,245
74$9,768,574$6,832,468$6,128,956$9,807,747
75$10,691,979$7,094,269$6,261,286$10,630,678
76$11,707,272$7,366,599$6,395,750$11,532,165
77$12,823,753$7,649,902$6,532,347$12,520,050
78$14,051,669$7,944,640$6,671,074$13,602,974
79$15,402,309$8,251,297$6,811,924$14,790,453
80$16,888,111$8,570,377$6,954,890$16,092,966
81$18,522,780$8,902,407$7,099,961$17,522,057
82$20,321,416$9,247,938$7,247,122$19,090,439
83$22,300,656$9,607,543$7,396,357$20,812,117
84$24,478,833$9,981,822$7,547,644$22,702,518
85$26,876,143$10,371,401$7,700,960$24,778,633
86$29,514,844$10,776,934$7,856,276$27,059,183
87$32,419,459$11,199,104$8,013,562$29,564,788
88$35,617,009$11,638,625$8,172,781$32,318,165
89$39,137,267$12,096,241$8,333,893$35,344,339
90$43,013,043$12,572,732$8,496,853$38,670,879
91$47,280,487$13,068,909$8,661,611$42,328,161
92$51,979,433$13,585,622$8,828,112$46,349,646
93$57,153,777$14,123,760$8,996,296$50,772,202
94$62,851,886$14,684,247$9,166,095$55,636,446
95$69,127,057$15,268,054$9,337,438$60,987,130
96$76,038,021$15,876,193$9,510,246$66,873,558
97$83,649,493$16,509,720$9,684,433$73,350,054
98$92,032,786$17,169,741$9,859,906$80,476,473
99$101,266,483$17,857,411$10,036,566$88,318,763
100$111,437,177$18,573,937$10,214,304$96,949,585