Can I retire at age 68 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$454,185$450,139$446,192$442,340$438,578$425,391
2 years$224,844$220,656$216,598$212,663$208,847$195,672
3 years$148,407$144,201$140,153$136,255$132,501$119,752
4 years$110,196$106,003$101,996$98,164$94,501$82,275
5 years$87,275$83,108$79,153$75,400$71,838$60,168
6 years$72,000$67,864$63,967$60,298$56,843$45,740
7 years$61,093$56,992$53,157$49,574$46,229$35,692
8 years$52,917$48,853$45,081$41,586$38,351$28,374
9 years$46,561$42,535$38,829$35,422$32,297$22,869
10 years$41,479$37,493$33,852$30,534$27,519$18,627
11 years$37,324$33,377$29,802$26,574$23,667$15,296
12 years$33,864$29,958$26,449$23,309$20,509$12,642
13 years$30,938$27,073$23,630$20,578$17,885$10,502
14 years$28,433$24,609$21,232$18,267$15,677$8,761
15 years$26,263$22,480$19,170$16,291$13,804$7,334
16 years$24,367$20,625$17,380$14,587$12,200$6,157
17 years$22,696$18,995$15,815$13,106$10,817$5,180
18 years$21,211$17,552$14,437$11,811$9,618$4,367
19 years$19,885$16,267$13,217$10,673$8,573$3,688
20 years$18,693$15,116$12,130$9,666$7,657$3,118
21 years$17,615$14,080$11,157$8,773$6,853$2,640
22 years$16,637$13,144$10,283$7,976$6,142$2,236
23 years$15,746$12,293$9,494$7,264$5,514$1,897
24 years$14,930$11,518$8,781$6,625$4,956$1,609
25 years$14,180$10,809$8,133$6,051$4,459$1,366
26 years$13,489$10,158$7,543$5,532$4,017$1,161
27 years$12,850$9,560$7,004$5,064$3,622$986
28 years$12,258$9,009$6,511$4,640$3,268$839
29 years$11,708$8,499$6,059$4,255$2,951$713
30 years$11,196$8,026$5,644$3,905$2,666$607
31 years$10,717$7,587$5,262$3,586$2,411$516
32 years$10,269$7,179$4,909$3,296$2,180$439
33 years$9,850$6,799$4,584$3,031$1,973$374
34 years$9,456$6,444$4,283$2,789$1,787$318
35 years$9,085$6,112$4,004$2,567$1,618$271
36 years$8,735$5,801$3,746$2,364$1,466$230
37 years$8,405$5,510$3,506$2,178$1,329$196
38 years$8,094$5,236$3,283$2,008$1,205$167
39 years$7,799$4,979$3,076$1,851$1,092$142
40 years$7,519$4,737$2,883$1,708$991$121
41 years$7,254$4,509$2,703$1,575$899$103
42 years$7,002$4,294$2,536$1,454$816$88
43 years$6,763$4,092$2,380$1,342$740$75
44 years$6,535$3,900$2,234$1,239$672$64
45 years$6,318$3,719$2,097$1,144$610$54
46 years$6,110$3,548$1,970$1,057$554$46
47 years$5,913$3,386$1,851$977$503$39
48 years$5,724$3,232$1,739$902$457$34
49 years$5,543$3,087$1,635$834$415$29
50 years$5,370$2,949$1,537$771$377$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $5,500,000, adding $6,100 every year, while hoping to spend $38,186 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: 44/36/20 Blend
67$5,500,000$5,500,000$5,500,000$5,500,000
68$6,067,292$5,775,792$5,690,542$6,298,878
69$6,645,526$6,018,176$5,840,546$6,705,040
70$7,281,461$6,271,158$5,994,295$7,140,796
71$7,980,940$6,535,215$6,151,874$7,612,341
72$8,750,405$6,810,849$6,313,370$8,123,005
73$9,596,950$7,098,585$6,478,872$8,676,445
74$10,528,394$7,398,970$6,648,470$9,276,678
75$11,553,351$7,712,581$6,822,254$9,928,115
76$12,681,312$8,040,016$7,000,319$10,635,606
77$13,922,734$8,381,906$7,182,758$11,404,479
78$15,289,142$8,738,908$7,369,669$12,240,589
79$16,793,231$9,111,711$7,561,150$13,150,373
80$18,448,992$9,501,037$7,757,300$14,140,909
81$20,271,841$9,907,639$7,958,221$15,219,976
82$22,278,763$10,332,308$8,164,016$16,396,130
83$24,488,476$10,775,870$8,374,790$17,678,782
84$26,921,604$11,239,191$8,590,649$19,078,281
85$29,600,874$11,723,177$8,811,701$20,606,010
86$32,551,326$12,228,776$9,038,056$22,274,493
87$35,800,556$12,756,981$9,269,826$24,097,508
88$39,378,971$13,308,831$9,507,124$26,090,215
89$43,320,078$13,885,415$9,750,064$28,269,295
90$47,660,797$14,487,872$9,998,762$30,653,106
91$52,441,815$15,117,395$10,253,337$33,261,849
92$57,707,965$15,775,232$10,513,909$36,117,761
93$63,508,650$16,462,691$10,780,598$39,245,315
94$69,898,311$17,181,141$11,053,526$42,671,450
95$76,936,939$17,932,017$11,332,819$46,425,822
96$84,690,640$18,716,819$11,618,602$50,541,079
97$93,232,261$19,537,120$11,911,001$55,053,163
98$102,642,078$20,394,565$12,210,146$60,001,645
99$113,008,551$21,290,879$12,516,167$65,430,096
100$124,429,158$22,227,867$12,829,194$71,386,492