Can I retire at age 68 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$462,443$458,324$454,305$450,382$446,552$441,521
2 years$228,932$224,668$220,536$216,530$212,644$207,579
3 years$151,105$146,823$142,702$138,733$134,910$129,969
4 years$112,200$107,931$103,850$99,949$96,219$91,439
5 years$88,862$84,619$80,592$76,771$73,144$68,540
6 years$73,309$69,098$65,130$61,394$57,876$53,454
7 years$62,204$58,028$54,124$50,475$47,069$42,829
8 years$53,879$49,741$45,901$42,343$39,048$34,991
9 years$47,408$43,308$39,535$36,066$32,884$29,008
10 years$42,233$38,174$34,467$31,090$28,019$24,321
11 years$38,003$33,984$30,344$27,057$24,097$20,575
12 years$34,480$30,502$26,930$23,733$20,882$17,531
13 years$31,501$27,565$24,060$20,953$18,210$15,026
14 years$28,950$25,056$21,618$18,599$15,963$12,942
15 years$26,741$22,889$19,518$16,587$14,055$11,193
16 years$24,810$21,000$17,696$14,852$12,422$9,713
17 years$23,108$19,341$16,103$13,345$11,014$8,453
18 years$21,597$17,872$14,700$12,026$9,793$7,376
19 years$20,247$16,563$13,457$10,867$8,729$6,449
20 years$19,033$15,391$12,350$9,842$7,797$5,649
21 years$17,936$14,336$11,360$8,932$6,977$4,956
22 years$16,940$13,383$10,470$8,121$6,254$4,354
23 years$16,032$12,516$9,667$7,396$5,614$3,830
24 years$15,201$11,727$8,940$6,746$5,046$3,372
25 years$14,438$11,005$8,280$6,161$4,541$2,972
26 years$13,734$10,343$7,680$5,633$4,090$2,622
27 years$13,084$9,734$7,131$5,156$3,687$2,314
28 years$12,481$9,172$6,629$4,724$3,327$2,044
29 years$11,921$8,653$6,169$4,332$3,004$1,806
30 years$11,399$8,172$5,746$3,976$2,715$1,597
31 years$10,912$7,725$5,357$3,651$2,454$1,412
32 years$10,456$7,310$4,998$3,356$2,220$1,250
33 years$10,029$6,922$4,667$3,086$2,009$1,106
34 years$9,627$6,561$4,361$2,839$1,819$979
35 years$9,250$6,223$4,077$2,614$1,648$867
36 years$8,894$5,906$3,814$2,407$1,493$768
37 years$8,558$5,610$3,570$2,218$1,353$680
38 years$8,241$5,331$3,343$2,044$1,227$603
39 years$7,941$5,069$3,132$1,885$1,112$534
40 years$7,656$4,823$2,936$1,739$1,009$474
41 years$7,386$4,591$2,753$1,604$915$420
42 years$7,130$4,372$2,582$1,480$831$372
43 years$6,886$4,166$2,423$1,367$754$330
44 years$6,654$3,971$2,274$1,262$684$293
45 years$6,432$3,787$2,135$1,165$621$260
46 years$6,221$3,613$2,006$1,076$564$230
47 years$6,020$3,447$1,884$994$512$204
48 years$5,828$3,291$1,771$919$465$181
49 years$5,644$3,143$1,664$849$422$161
50 years$5,468$3,002$1,565$785$384$142

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $5,600,000, adding $2,717 every year, while hoping to spend $20,641 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: 74/17/9 Blend
67$5,600,000$5,600,000$5,600,000$5,600,000
68$6,174,003$5,877,203$5,790,403$6,621,208
69$6,781,789$6,143,224$5,962,419$7,182,436
70$7,450,878$6,421,588$6,139,507$7,794,237
71$8,187,500$6,712,879$6,321,813$8,463,902
72$8,998,522$7,017,706$6,509,490$9,197,155
73$9,891,508$7,336,711$6,702,696$10,000,293
74$10,874,797$7,670,564$6,901,590$10,880,249
75$11,957,572$8,019,968$7,106,340$11,844,655
76$13,149,958$8,385,660$7,317,115$12,901,913
77$14,463,107$8,768,411$7,534,092$14,061,273
78$15,909,311$9,169,030$7,757,451$15,332,918
79$17,502,113$9,588,365$7,987,378$16,728,062
80$19,256,438$10,027,304$8,224,065$18,259,052
81$21,188,730$10,486,778$8,467,707$19,939,483
82$23,317,113$10,967,762$8,718,507$21,784,326
83$25,661,556$11,471,280$8,976,674$23,810,068
84$28,244,063$11,998,401$9,242,422$26,034,864
85$31,088,885$12,550,250$9,515,970$28,478,710
86$34,222,743$13,128,004$9,797,547$31,163,628
87$37,675,081$13,732,895$10,087,384$34,113,873
88$41,478,350$14,366,217$10,385,721$37,356,157
89$45,668,304$15,029,325$10,692,806$40,919,905
90$50,284,348$15,723,638$11,008,891$44,837,526
91$55,369,901$16,450,646$11,334,239$49,144,718
92$60,972,812$17,211,909$11,669,117$53,880,803
93$67,145,808$18,009,062$12,013,802$59,089,098
94$73,946,994$18,843,819$12,368,577$64,817,316
95$81,440,398$19,717,977$12,733,735$71,118,022
96$89,696,580$20,633,419$13,109,577$78,049,117
97$98,793,294$21,592,120$13,496,411$85,674,391
98$108,816,225$22,596,148$13,894,555$94,064,116
99$119,859,794$23,647,673$14,304,336$103,295,707
100$132,028,053$24,748,969$14,726,092$113,454,455