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%14.6%
1 years$454,185$450,139$446,192$442,340$438,578$430,251
2 years$224,844$220,656$216,598$212,663$208,847$200,490
3 years$148,407$144,201$140,153$136,255$132,501$124,374
4 years$110,196$106,003$101,996$98,164$94,501$86,668
5 years$87,275$83,108$79,153$75,400$71,838$64,320
6 years$72,000$67,864$63,967$60,298$56,843$49,649
7 years$61,093$56,992$53,157$49,574$46,229$39,361
8 years$52,917$48,853$45,081$41,586$38,351$31,807
9 years$46,561$42,535$38,829$35,422$32,297$26,073
10 years$41,479$37,493$33,852$30,534$27,519$21,609
11 years$37,324$33,377$29,802$26,574$23,667$18,064
12 years$33,864$29,958$26,449$23,309$20,509$15,206
13 years$30,938$27,073$23,630$20,578$17,885$12,871
14 years$28,433$24,609$21,232$18,267$15,677$10,946
15 years$26,263$22,480$19,170$16,291$13,804$9,344
16 years$24,367$20,625$17,380$14,587$12,200$8,002
17 years$22,696$18,995$15,815$13,106$10,817$6,871
18 years$21,211$17,552$14,437$11,811$9,618$5,913
19 years$19,885$16,267$13,217$10,673$8,573$5,099
20 years$18,693$15,116$12,130$9,666$7,657$4,404
21 years$17,615$14,080$11,157$8,773$6,853$3,809
22 years$16,637$13,144$10,283$7,976$6,142$3,298
23 years$15,746$12,293$9,494$7,264$5,514$2,859
24 years$14,930$11,518$8,781$6,625$4,956$2,480
25 years$14,180$10,809$8,133$6,051$4,459$2,153
26 years$13,489$10,158$7,543$5,532$4,017$1,871
27 years$12,850$9,560$7,004$5,064$3,622$1,626
28 years$12,258$9,009$6,511$4,640$3,268$1,414
29 years$11,708$8,499$6,059$4,255$2,951$1,231
30 years$11,196$8,026$5,644$3,905$2,666$1,071
31 years$10,717$7,587$5,262$3,586$2,411$933
32 years$10,269$7,179$4,909$3,296$2,180$812
33 years$9,850$6,799$4,584$3,031$1,973$708
34 years$9,456$6,444$4,283$2,789$1,787$617
35 years$9,085$6,112$4,004$2,567$1,618$537
36 years$8,735$5,801$3,746$2,364$1,466$468
37 years$8,405$5,510$3,506$2,178$1,329$408
38 years$8,094$5,236$3,283$2,008$1,205$356
39 years$7,799$4,979$3,076$1,851$1,092$310
40 years$7,519$4,737$2,883$1,708$991$271
41 years$7,254$4,509$2,703$1,575$899$236
42 years$7,002$4,294$2,536$1,454$816$206
43 years$6,763$4,092$2,380$1,342$740$180
44 years$6,535$3,900$2,234$1,239$672$157
45 years$6,318$3,719$2,097$1,144$610$137
46 years$6,110$3,548$1,970$1,057$554$119
47 years$5,913$3,386$1,851$977$503$104
48 years$5,724$3,232$1,739$902$457$91
49 years$5,543$3,087$1,635$834$415$79
50 years$5,370$2,949$1,537$771$377$69

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 $5,778 every year, while hoping to spend $32,556 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: 70/25/5 Blend
67$5,500,000$5,500,000$5,500,000$5,500,000
68$6,066,960$5,775,460$5,690,210$6,488,200
69$6,651,151$6,023,818$5,846,193$7,015,502
70$7,293,837$6,283,255$6,006,310$7,587,675
71$8,000,953$6,554,278$6,170,665$8,212,808
72$8,779,033$6,837,421$6,339,365$8,896,090
73$9,635,280$7,133,240$6,512,520$9,643,228
74$10,577,629$7,442,319$6,690,239$10,460,501
75$11,614,823$7,765,269$6,872,638$11,354,820
76$12,756,497$8,102,729$7,059,834$12,333,792
77$14,013,266$8,455,369$7,251,944$13,405,786
78$15,396,827$8,823,890$7,449,092$14,580,016
79$16,920,068$9,209,025$7,651,402$15,866,624
80$18,597,192$9,611,545$7,859,001$17,276,773
81$20,443,848$10,032,253$8,072,020$18,822,753
82$22,477,281$10,471,993$8,290,592$20,518,094
83$24,716,490$10,931,647$8,514,854$22,377,692
84$27,182,414$11,412,140$8,744,943$24,417,949
85$29,898,124$11,914,439$8,981,004$26,656,923
86$32,889,045$12,439,559$9,223,180$29,114,499
87$36,183,192$12,988,561$9,471,620$31,812,576
88$39,811,434$13,562,558$9,726,476$34,775,265
89$43,807,790$14,162,713$9,987,903$38,029,122
90$48,209,746$14,790,247$10,256,058$41,603,391
91$53,058,608$15,446,437$10,531,104$45,530,281
92$58,399,896$16,132,622$10,813,206$49,845,264
93$64,283,768$16,850,203$11,102,531$54,587,409
94$70,765,498$17,600,649$11,399,251$59,799,749
95$77,905,995$18,385,497$11,703,543$65,529,681
96$85,772,379$19,206,359$12,015,584$71,829,414
97$94,438,613$20,064,922$12,335,558$78,756,455
98$103,986,203$20,962,955$12,663,650$86,374,151
99$114,504,965$21,902,309$13,000,052$94,752,282
100$126,093,874$22,884,925$13,344,956$103,967,717