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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.1%
1 years$429,411$425,586$421,854$418,212$414,655$404,303
2 years$212,580$208,621$204,784$201,063$197,455$187,091
3 years$140,312$136,336$132,509$128,823$125,274$115,221
4 years$104,185$100,221$96,432$92,810$89,346$79,684
5 years$82,515$78,575$74,835$71,287$67,919$58,673
6 years$68,073$64,162$60,478$57,009$53,742$44,922
7 years$57,761$53,883$50,258$46,870$43,707$35,313
8 years$50,031$46,188$42,622$39,318$36,259$28,288
9 years$44,021$40,215$36,711$33,490$30,535$22,980
10 years$39,217$35,447$32,005$28,869$26,018$18,870
11 years$35,288$31,557$28,177$25,125$22,376$15,625
12 years$32,017$28,324$25,006$22,038$19,391$13,024
13 years$29,251$25,596$22,341$19,456$16,909$10,915
14 years$26,882$23,266$20,074$17,271$14,822$9,188
15 years$24,831$21,254$18,124$15,403$13,051$7,762
16 years$23,038$19,500$16,432$13,791$11,534$6,577
17 years$21,458$17,959$14,953$12,391$10,227$5,587
18 years$20,054$16,595$13,650$11,167$9,093$4,755
19 years$18,800$15,380$12,496$10,090$8,105$4,055
20 years$17,673$14,292$11,468$9,139$7,240$3,463
21 years$16,655$13,312$10,548$8,294$6,479$2,961
22 years$15,730$12,427$9,722$7,541$5,807$2,534
23 years$14,887$11,622$8,976$6,868$5,213$2,171
24 years$14,115$10,889$8,302$6,264$4,686$1,861
25 years$13,406$10,219$7,689$5,721$4,216$1,597
26 years$12,753$9,604$7,131$5,231$3,798$1,371
27 years$12,149$9,039$6,622$4,788$3,424$1,177
28 years$11,590$8,517$6,156$4,387$3,090$1,011
29 years$11,070$8,035$5,729$4,023$2,790$869
30 years$10,585$7,588$5,336$3,692$2,521$747
31 years$10,133$7,173$4,975$3,391$2,279$643
32 years$9,709$6,787$4,641$3,116$2,062$553
33 years$9,312$6,428$4,334$2,865$1,866$476
34 years$8,940$6,092$4,049$2,636$1,689$409
35 years$8,589$5,778$3,786$2,427$1,530$352
36 years$8,259$5,484$3,541$2,235$1,386$303
37 years$7,947$5,209$3,315$2,059$1,256$261
38 years$7,652$4,950$3,104$1,898$1,139$225
39 years$7,373$4,707$2,908$1,750$1,033$193
40 years$7,109$4,479$2,726$1,614$937$166
41 years$6,859$4,263$2,556$1,489$850$143
42 years$6,620$4,060$2,398$1,375$771$123
43 years$6,394$3,869$2,250$1,269$700$106
44 years$6,178$3,688$2,112$1,172$635$92
45 years$5,973$3,516$1,983$1,082$577$79
46 years$5,777$3,354$1,862$999$524$68
47 years$5,590$3,201$1,750$923$476$58
48 years$5,411$3,056$1,644$853$432$50
49 years$5,241$2,918$1,545$789$392$43
50 years$5,077$2,788$1,453$729$356$37

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 $5,105 every year, while hoping to spend $55,071 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: 35/49/16 Blend
67$5,200,000$5,200,000$5,200,000$5,200,000
68$5,735,666$5,460,066$5,379,466$5,907,981
69$6,262,109$5,669,014$5,501,083$6,242,697
70$6,840,403$5,886,355$5,624,928$6,598,060
71$7,475,779$6,112,441$5,751,019$6,980,309
72$8,174,000$6,347,642$5,879,369$7,391,860
73$8,941,414$6,592,343$6,009,994$7,835,362
74$9,785,014$6,846,943$6,142,905$8,313,720
75$10,712,506$7,111,864$6,278,113$8,830,124
76$11,732,379$7,387,543$6,415,627$9,388,075
77$12,853,986$7,674,437$6,555,455$9,991,416
78$14,087,632$7,973,023$6,697,601$10,644,369
79$15,444,669$8,283,800$6,842,070$11,351,569
80$16,937,607$8,607,288$6,988,861$12,118,108
81$18,580,229$8,944,031$7,137,973$12,949,583
82$20,387,720$9,294,596$7,289,403$13,852,141
83$22,376,812$9,659,577$7,443,143$14,832,540
84$24,565,943$10,039,592$7,599,185$15,898,208
85$26,975,426$10,435,289$7,757,514$17,057,310
86$29,627,645$10,847,344$7,918,117$18,318,826
87$32,547,263$11,276,462$8,080,972$19,692,626
88$35,761,457$11,723,381$8,246,057$21,189,570
89$39,300,171$12,188,872$8,413,345$22,821,598
90$43,196,401$12,673,740$8,582,805$24,601,847
91$47,486,507$13,178,826$8,754,402$26,544,766
92$52,210,552$13,705,010$8,928,096$28,666,253
93$57,412,683$14,253,210$9,103,842$30,983,802
94$63,141,546$14,824,387$9,281,590$33,516,660
95$69,450,745$15,419,543$9,461,284$36,286,009
96$76,399,348$16,039,728$9,642,865$39,315,162
97$84,052,445$16,686,038$9,826,264$42,629,776
98$92,481,759$17,359,618$10,011,408$46,258,091
99$101,766,326$18,061,667$10,198,218$50,231,194
100$111,993,239$18,793,436$10,386,606$54,583,308