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%16.4%
1 years$437,669$433,771$429,967$426,254$422,629$411,578
2 years$216,668$212,633$208,722$204,930$201,252$190,193
3 years$143,010$138,958$135,057$131,301$127,683$116,962
4 years$106,189$102,149$98,287$94,595$91,064$80,765
5 years$84,102$80,086$76,275$72,658$69,226$59,376
6 years$69,382$65,396$61,641$58,105$54,776$45,385
7 years$58,872$54,920$51,224$47,771$44,547$35,617
8 years$50,993$47,076$43,442$40,074$36,956$28,481
9 years$44,868$40,988$37,417$34,134$31,123$23,095
10 years$39,971$36,129$32,621$29,424$26,518$18,929
11 years$35,967$32,164$28,719$25,608$22,806$15,644
12 years$32,632$28,868$25,487$22,461$19,764$13,015
13 years$29,813$26,089$22,771$19,830$17,234$10,885
14 years$27,399$23,714$20,460$17,603$15,107$9,144
15 years$25,308$21,663$18,473$15,699$13,302$7,708
16 years$23,481$19,875$16,748$14,057$11,756$6,517
17 years$21,870$18,304$15,240$12,630$10,424$5,524
18 years$20,440$16,914$13,912$11,382$9,268$4,692
19 years$19,162$15,676$12,736$10,285$8,261$3,992
20 years$18,013$14,567$11,688$9,315$7,379$3,401
21 years$16,975$13,568$10,751$8,454$6,603$2,901
22 years$16,032$12,666$9,909$7,686$5,919$2,477
23 years$15,173$11,846$9,149$7,000$5,313$2,117
24 years$14,387$11,099$8,461$6,384$4,776$1,811
25 years$13,664$10,416$7,837$5,831$4,297$1,550
26 years$12,998$9,789$7,268$5,331$3,871$1,327
27 years$12,383$9,213$6,749$4,880$3,490$1,137
28 years$11,813$8,681$6,274$4,471$3,149$975
29 years$11,282$8,190$5,839$4,100$2,843$836
30 years$10,789$7,734$5,439$3,763$2,569$717
31 years$10,327$7,311$5,070$3,456$2,323$615
32 years$9,896$6,918$4,731$3,176$2,101$527
33 years$9,492$6,551$4,417$2,921$1,902$453
34 years$9,112$6,209$4,127$2,687$1,722$388
35 years$8,754$5,889$3,858$2,474$1,559$333
36 years$8,418$5,590$3,610$2,278$1,413$286
37 years$8,100$5,309$3,378$2,099$1,281$246
38 years$7,800$5,046$3,164$1,935$1,161$211
39 years$7,515$4,798$2,964$1,784$1,053$181
40 years$7,246$4,565$2,778$1,645$955$156
41 years$6,990$4,345$2,605$1,518$866$134
42 years$6,748$4,138$2,444$1,401$786$115
43 years$6,517$3,943$2,293$1,293$713$99
44 years$6,297$3,758$2,152$1,194$648$85
45 years$6,088$3,584$2,021$1,103$588$73
46 years$5,888$3,419$1,898$1,019$534$62
47 years$5,698$3,263$1,783$941$485$54
48 years$5,515$3,115$1,676$870$440$46
49 years$5,341$2,974$1,575$804$400$40
50 years$5,175$2,841$1,481$743$363$34

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 $2,100 every year, while hoping to spend $55,641 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: 67/17/16 Blend
67$5,300,000$5,300,000$5,300,000$5,300,000
68$5,842,766$5,561,866$5,479,716$6,211,744
69$6,379,527$5,775,196$5,604,085$6,671,698
70$6,969,172$5,997,114$5,730,755$7,167,731
71$7,617,037$6,227,983$5,859,746$7,708,734
72$8,329,001$6,468,180$5,991,073$8,299,119
73$9,111,538$6,718,100$6,124,753$8,943,739
74$9,971,783$6,978,154$6,260,800$9,647,937
75$10,917,595$7,248,774$6,399,227$10,417,597
76$11,957,634$7,530,408$6,540,045$11,259,193
77$13,101,440$7,823,525$6,683,264$12,179,855
78$14,359,524$8,128,615$6,828,890$13,187,432
79$15,743,467$8,446,189$6,976,930$14,290,567
80$17,266,029$8,776,781$7,127,386$15,498,778
81$18,941,270$9,120,949$7,280,259$16,822,545
82$20,784,679$9,479,275$7,435,548$18,273,409
83$22,813,326$9,852,369$7,593,248$19,864,080
84$25,046,015$10,240,865$7,753,352$21,608,556
85$27,503,470$10,645,429$7,915,850$23,522,253
86$30,208,522$11,066,752$8,080,729$25,622,151
87$33,186,329$11,505,562$8,247,971$27,926,952
88$36,464,614$11,962,613$8,417,558$30,457,257
89$40,073,922$12,438,699$8,589,463$33,235,757
90$44,047,912$12,934,645$8,763,660$36,287,444
91$48,423,672$13,451,316$8,940,116$39,639,853
92$53,242,070$13,989,614$9,118,794$43,323,312
93$58,548,139$14,550,483$9,299,651$47,371,234
94$64,391,502$15,134,909$9,482,642$51,820,424
95$70,826,838$15,743,923$9,667,714$56,711,432
96$77,914,402$16,378,601$9,854,808$62,088,926
97$85,720,589$17,040,071$10,043,862$68,002,122
98$94,318,563$17,729,508$10,234,805$74,505,236
99$103,788,946$18,448,144$10,427,561$81,658,003
100$114,220,580$19,197,264$10,622,046$89,526,234