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%15.5%
1 years$429,411$425,586$421,854$418,212$414,655$405,290
2 years$212,580$208,621$204,784$201,063$197,455$188,069
3 years$140,312$136,336$132,509$128,823$125,274$116,161
4 years$104,185$100,221$96,432$92,810$89,346$80,577
5 years$82,515$78,575$74,835$71,287$67,919$59,519
6 years$68,073$64,162$60,478$57,009$53,742$45,718
7 years$57,761$53,883$50,258$46,870$43,707$36,061
8 years$50,031$46,188$42,622$39,318$36,259$28,989
9 years$44,021$40,215$36,711$33,490$30,535$23,635
10 years$39,217$35,447$32,005$28,869$26,018$19,479
11 years$35,288$31,557$28,177$25,125$22,376$16,192
12 years$32,017$28,324$25,006$22,038$19,391$13,550
13 years$29,251$25,596$22,341$19,456$16,909$11,402
14 years$26,882$23,266$20,074$17,271$14,822$9,637
15 years$24,831$21,254$18,124$15,403$13,051$8,175
16 years$23,038$19,500$16,432$13,791$11,534$6,957
17 years$21,458$17,959$14,953$12,391$10,227$5,935
18 years$20,054$16,595$13,650$11,167$9,093$5,074
19 years$18,800$15,380$12,496$10,090$8,105$4,346
20 years$17,673$14,292$11,468$9,139$7,240$3,728
21 years$16,655$13,312$10,548$8,294$6,479$3,202
22 years$15,730$12,427$9,722$7,541$5,807$2,754
23 years$14,887$11,622$8,976$6,868$5,213$2,370
24 years$14,115$10,889$8,302$6,264$4,686$2,042
25 years$13,406$10,219$7,689$5,721$4,216$1,760
26 years$12,753$9,604$7,131$5,231$3,798$1,518
27 years$12,149$9,039$6,622$4,788$3,424$1,310
28 years$11,590$8,517$6,156$4,387$3,090$1,131
29 years$11,070$8,035$5,729$4,023$2,790$977
30 years$10,585$7,588$5,336$3,692$2,521$844
31 years$10,133$7,173$4,975$3,391$2,279$730
32 years$9,709$6,787$4,641$3,116$2,062$631
33 years$9,312$6,428$4,334$2,865$1,866$545
34 years$8,940$6,092$4,049$2,636$1,689$472
35 years$8,589$5,778$3,786$2,427$1,530$408
36 years$8,259$5,484$3,541$2,235$1,386$353
37 years$7,947$5,209$3,315$2,059$1,256$305
38 years$7,652$4,950$3,104$1,898$1,139$264
39 years$7,373$4,707$2,908$1,750$1,033$229
40 years$7,109$4,479$2,726$1,614$937$198
41 years$6,859$4,263$2,556$1,489$850$171
42 years$6,620$4,060$2,398$1,375$771$148
43 years$6,394$3,869$2,250$1,269$700$128
44 years$6,178$3,688$2,112$1,172$635$111
45 years$5,973$3,516$1,983$1,082$577$96
46 years$5,777$3,354$1,862$999$524$83
47 years$5,590$3,201$1,750$923$476$72
48 years$5,411$3,056$1,644$853$432$62
49 years$5,241$2,918$1,545$789$392$54
50 years$5,077$2,788$1,453$729$356$47

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 $5,732 every year, while hoping to spend $31,205 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: 53/22/25 Blend
67$5,200,000$5,200,000$5,200,000$5,200,000
68$5,736,313$5,460,713$5,380,113$6,000,228
69$6,288,215$5,695,086$5,527,144$6,417,513
70$6,895,365$5,939,897$5,678,056$6,867,691
71$7,563,365$6,195,625$5,832,944$7,356,959
72$8,298,389$6,462,772$5,991,909$7,889,063
73$9,107,238$6,741,860$6,155,050$8,468,123
74$9,997,405$7,033,440$6,322,474$9,098,669
75$10,977,148$7,338,087$6,494,284$9,785,685
76$12,055,565$7,656,401$6,670,590$10,534,651
77$13,242,681$7,989,013$6,851,503$11,351,597
78$14,549,542$8,336,582$7,037,137$12,243,156
79$15,988,321$8,699,800$7,227,606$13,216,626
80$17,572,429$9,079,389$7,423,030$14,280,039
81$19,316,644$9,476,108$7,623,530$15,442,232
82$21,237,253$9,890,748$7,829,229$16,712,932
83$23,352,198$10,324,140$8,040,253$18,102,843
84$25,681,253$10,777,154$8,256,733$19,623,749
85$28,246,207$11,250,700$8,478,799$21,288,618
86$31,071,068$11,745,732$8,706,587$23,111,731
87$34,182,292$12,263,249$8,940,233$25,108,803
88$37,609,034$12,804,296$9,179,879$27,297,141
89$41,383,419$13,369,969$9,425,668$29,695,798
90$45,540,845$13,961,416$9,677,746$32,325,752
91$50,120,324$14,579,837$9,936,262$35,210,102
92$55,164,839$15,226,492$10,201,370$38,374,286
93$60,721,762$15,902,699$10,473,224$41,846,313
94$66,843,288$16,609,838$10,751,984$45,657,031
95$73,586,940$17,349,356$11,037,812$49,840,411
96$81,016,101$18,122,768$11,330,872$54,433,866
97$89,200,621$18,931,661$11,631,333$59,478,602
98$98,217,469$19,777,697$11,939,368$65,020,001
99$108,151,465$20,662,618$12,255,151$71,108,052
100$119,096,076$21,588,249$12,578,861$77,797,811