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%14.6%
1 years$437,669$433,771$429,967$426,254$422,629$414,605
2 years$216,668$212,633$208,722$204,930$201,252$193,199
3 years$143,010$138,958$135,057$131,301$127,683$119,852
4 years$106,189$102,149$98,287$94,595$91,064$83,516
5 years$84,102$80,086$76,275$72,658$69,226$61,982
6 years$69,382$65,396$61,641$58,105$54,776$47,844
7 years$58,872$54,920$51,224$47,771$44,547$37,929
8 years$50,993$47,076$43,442$40,074$36,956$30,650
9 years$44,868$40,988$37,417$34,134$31,123$25,125
10 years$39,971$36,129$32,621$29,424$26,518$20,823
11 years$35,967$32,164$28,719$25,608$22,806$17,407
12 years$32,632$28,868$25,487$22,461$19,764$14,653
13 years$29,813$26,089$22,771$19,830$17,234$12,403
14 years$27,399$23,714$20,460$17,603$15,107$10,548
15 years$25,308$21,663$18,473$15,699$13,302$9,004
16 years$23,481$19,875$16,748$14,057$11,756$7,711
17 years$21,870$18,304$15,240$12,630$10,424$6,621
18 years$20,440$16,914$13,912$11,382$9,268$5,698
19 years$19,162$15,676$12,736$10,285$8,261$4,913
20 years$18,013$14,567$11,688$9,315$7,379$4,243
21 years$16,975$13,568$10,751$8,454$6,603$3,670
22 years$16,032$12,666$9,909$7,686$5,919$3,178
23 years$15,173$11,846$9,149$7,000$5,313$2,755
24 years$14,387$11,099$8,461$6,384$4,776$2,390
25 years$13,664$10,416$7,837$5,831$4,297$2,075
26 years$12,998$9,789$7,268$5,331$3,871$1,803
27 years$12,383$9,213$6,749$4,880$3,490$1,567
28 years$11,813$8,681$6,274$4,471$3,149$1,363
29 years$11,282$8,190$5,839$4,100$2,843$1,186
30 years$10,789$7,734$5,439$3,763$2,569$1,032
31 years$10,327$7,311$5,070$3,456$2,323$899
32 years$9,896$6,918$4,731$3,176$2,101$783
33 years$9,492$6,551$4,417$2,921$1,902$682
34 years$9,112$6,209$4,127$2,687$1,722$594
35 years$8,754$5,889$3,858$2,474$1,559$518
36 years$8,418$5,590$3,610$2,278$1,413$451
37 years$8,100$5,309$3,378$2,099$1,281$394
38 years$7,800$5,046$3,164$1,935$1,161$343
39 years$7,515$4,798$2,964$1,784$1,053$299
40 years$7,246$4,565$2,778$1,645$955$261
41 years$6,990$4,345$2,605$1,518$866$228
42 years$6,748$4,138$2,444$1,401$786$198
43 years$6,517$3,943$2,293$1,293$713$173
44 years$6,297$3,758$2,152$1,194$648$151
45 years$6,088$3,584$2,021$1,103$588$132
46 years$5,888$3,419$1,898$1,019$534$115
47 years$5,698$3,263$1,783$941$485$100
48 years$5,515$3,115$1,676$870$440$87
49 years$5,341$2,974$1,575$804$400$76
50 years$5,175$2,841$1,481$743$363$67

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 $3,010 every year, while hoping to spend $21,889 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: 77/17/6 Blend
67$5,300,000$5,300,000$5,300,000$5,300,000
68$5,843,705$5,562,805$5,480,655$6,290,212
69$6,416,473$5,812,093$5,640,967$6,832,971
70$7,046,930$6,072,862$5,805,916$7,424,735
71$7,740,937$6,345,652$5,975,634$8,072,866
72$8,504,952$6,631,028$6,150,257$8,782,952
73$9,346,091$6,929,583$6,329,925$9,561,146
74$10,272,196$7,241,936$6,514,781$10,414,222
75$11,291,907$7,568,738$6,704,973$11,349,636
76$12,414,744$7,910,669$6,900,653$12,375,598
77$13,651,200$8,268,444$7,101,977$13,501,147
78$15,012,834$8,642,809$7,309,105$14,736,236
79$16,512,385$9,034,548$7,522,201$16,091,824
80$18,163,889$9,444,483$7,741,437$17,579,979
81$19,982,816$9,873,472$7,966,984$19,213,991
82$21,986,208$10,322,417$8,199,023$21,008,493
83$24,192,848$10,792,263$8,437,738$22,979,603
84$26,623,433$11,283,998$8,683,316$25,145,072
85$29,300,770$11,798,660$8,935,954$27,524,449
86$32,249,990$12,337,336$9,195,850$30,139,265
87$35,498,787$12,901,164$9,463,209$33,013,237
88$39,077,680$13,491,337$9,738,243$36,172,485
89$43,020,297$14,109,107$10,021,168$39,645,782
90$47,363,697$14,755,783$10,312,207$43,464,821
91$52,148,717$15,432,739$10,611,589$47,664,513
92$57,420,358$16,141,414$10,919,548$52,283,314
93$63,228,208$16,883,318$11,236,327$57,363,588
94$69,626,915$17,660,030$11,562,174$62,952,001
95$76,676,697$18,473,208$11,897,343$69,099,962
96$84,443,914$19,324,589$12,242,098$75,864,108
97$93,001,692$20,215,993$12,596,707$83,306,828
98$102,430,615$21,149,327$12,961,447$91,496,861
99$112,819,485$22,126,591$13,336,603$100,509,932
100$124,266,159$23,149,881$13,722,466$110,429,469