Can I retire at age 68 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$437,669$433,771$429,967$426,254$422,629$408,121
2 years$216,668$212,633$208,722$204,930$201,252$186,783
3 years$143,010$138,958$135,057$131,301$127,683$113,707
4 years$106,189$102,149$98,287$94,595$91,064$77,690
5 years$84,102$80,086$76,275$72,658$69,226$56,487
6 years$69,382$65,396$61,641$58,105$54,776$42,683
7 years$58,872$54,920$51,224$47,771$44,547$33,098
8 years$50,993$47,076$43,442$40,074$36,956$26,142
9 years$44,868$40,988$37,417$34,134$31,123$20,929
10 years$39,971$36,129$32,621$29,424$26,518$16,929
11 years$35,967$32,164$28,719$25,608$22,806$13,803
12 years$32,632$28,868$25,487$22,461$19,764$11,325
13 years$29,813$26,089$22,771$19,830$17,234$9,338
14 years$27,399$23,714$20,460$17,603$15,107$7,731
15 years$25,308$21,663$18,473$15,699$13,302$6,421
16 years$23,481$19,875$16,748$14,057$11,756$5,348
17 years$21,870$18,304$15,240$12,630$10,424$4,464
18 years$20,440$16,914$13,912$11,382$9,268$3,732
19 years$19,162$15,676$12,736$10,285$8,261$3,126
20 years$18,013$14,567$11,688$9,315$7,379$2,621
21 years$16,975$13,568$10,751$8,454$6,603$2,200
22 years$16,032$12,666$9,909$7,686$5,919$1,848
23 years$15,173$11,846$9,149$7,000$5,313$1,553
24 years$14,387$11,099$8,461$6,384$4,776$1,307
25 years$13,664$10,416$7,837$5,831$4,297$1,100
26 years$12,998$9,789$7,268$5,331$3,871$926
27 years$12,383$9,213$6,749$4,880$3,490$780
28 years$11,813$8,681$6,274$4,471$3,149$657
29 years$11,282$8,190$5,839$4,100$2,843$554
30 years$10,789$7,734$5,439$3,763$2,569$467
31 years$10,327$7,311$5,070$3,456$2,323$394
32 years$9,896$6,918$4,731$3,176$2,101$332
33 years$9,492$6,551$4,417$2,921$1,902$280
34 years$9,112$6,209$4,127$2,687$1,722$236
35 years$8,754$5,889$3,858$2,474$1,559$199
36 years$8,418$5,590$3,610$2,278$1,413$168
37 years$8,100$5,309$3,378$2,099$1,281$142
38 years$7,800$5,046$3,164$1,935$1,161$119
39 years$7,515$4,798$2,964$1,784$1,053$101
40 years$7,246$4,565$2,778$1,645$955$85
41 years$6,990$4,345$2,605$1,518$866$72
42 years$6,748$4,138$2,444$1,401$786$61
43 years$6,517$3,943$2,293$1,293$713$51
44 years$6,297$3,758$2,152$1,194$648$43
45 years$6,088$3,584$2,021$1,103$588$36
46 years$5,888$3,419$1,898$1,019$534$31
47 years$5,698$3,263$1,783$941$485$26
48 years$5,515$3,115$1,676$870$440$22
49 years$5,341$2,974$1,575$804$400$18
50 years$5,175$2,841$1,481$743$363$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $5,300,000, adding $2,645 every year, while hoping to spend $55,143 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: 32/49/19 Blend
67$5,300,000$5,300,000$5,300,000$5,300,000
68$5,843,328$5,562,428$5,480,278$5,995,698
69$6,380,676$5,776,316$5,605,196$6,323,527
70$6,970,985$5,998,835$5,732,450$6,671,176
71$7,619,599$6,230,352$5,862,061$7,044,476
72$8,332,406$6,471,246$5,994,047$7,445,704
73$9,115,890$6,721,916$6,128,427$7,877,354
74$9,977,198$6,982,777$6,265,216$8,342,163
75$10,924,200$7,254,262$6,404,429$8,843,132
76$11,965,571$7,536,823$6,546,080$9,383,556
77$13,110,865$7,830,933$6,690,179$9,967,049
78$14,370,611$8,137,086$6,836,738$10,597,580
79$15,756,408$8,455,798$6,985,763$11,279,505
80$17,281,035$8,787,606$7,137,260$12,017,610
81$18,958,576$9,133,073$7,291,233$12,817,150
82$20,804,543$9,492,787$7,447,682$13,683,899
83$22,836,034$9,867,360$7,606,607$14,624,200
84$25,071,883$10,257,435$7,768,002$15,645,024
85$27,532,847$10,663,681$7,931,861$16,754,034
86$30,241,793$11,086,797$8,098,174$17,959,652
87$33,223,920$11,527,514$8,266,927$19,271,137
88$36,506,994$11,986,597$8,438,104$20,698,670
89$40,121,610$12,464,843$8,611,683$22,253,446
90$44,101,481$12,963,086$8,787,641$23,947,779
91$48,483,753$13,482,199$8,965,948$25,795,209
92$53,309,361$14,023,092$9,146,572$27,810,634
93$58,623,409$14,586,716$9,329,476$30,010,443
94$64,475,600$15,174,068$9,514,616$32,412,664
95$70,920,701$15,786,188$9,701,946$35,037,138
96$78,019,063$16,424,161$9,891,411$37,905,694
97$85,837,188$17,089,126$10,082,954$41,042,358
98$94,448,357$17,782,269$10,276,510$44,473,568
99$103,933,323$18,504,834$10,472,006$48,228,427
100$114,381,069$19,258,118$10,669,365$52,338,965