Can I retire at age 68 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$470,701$466,508$462,417$458,425$454,526$451,095
2 years$233,020$228,680$224,474$220,396$216,441$212,981
3 years$153,804$149,445$145,250$141,210$137,319$133,938
4 years$114,203$109,858$105,705$101,734$97,937$94,662
5 years$90,449$86,130$82,031$78,141$74,450$71,289
6 years$74,618$70,332$66,293$62,490$58,910$55,868
7 years$63,315$59,064$55,090$51,377$47,910$44,988
8 years$54,841$50,629$46,721$43,099$39,746$36,944
9 years$48,254$44,082$40,241$36,711$33,472$30,789
10 years$42,987$38,856$35,083$31,645$28,519$25,955
11 years$38,681$34,591$30,886$27,540$24,528$22,079
12 years$35,095$31,047$27,411$24,157$21,255$18,921
13 years$32,063$28,058$24,490$21,327$18,535$16,312
14 years$29,467$25,504$22,004$18,931$16,248$14,133
15 years$27,218$23,298$19,867$16,884$14,306$12,297
16 years$25,253$21,375$18,012$15,117$12,643$10,737
17 years$23,521$19,686$16,390$13,583$11,210$9,404
18 years$21,983$18,191$14,962$12,241$9,968$8,257
19 years$20,608$16,859$13,697$11,061$8,885$7,267
20 years$19,372$15,666$12,571$10,018$7,936$6,407
21 years$18,256$14,592$11,563$9,092$7,102$5,659
22 years$17,242$13,621$10,657$8,266$6,366$5,006
23 years$16,318$12,740$9,840$7,528$5,714$4,433
24 years$15,472$11,936$9,100$6,866$5,136$3,931
25 years$14,695$11,202$8,428$6,271$4,622$3,489
26 years$13,979$10,528$7,817$5,734$4,163$3,099
27 years$13,318$9,908$7,259$5,248$3,753$2,755
28 years$12,704$9,336$6,748$4,808$3,387$2,451
29 years$12,134$8,808$6,279$4,409$3,058$2,182
30 years$11,603$8,318$5,849$4,047$2,763$1,943
31 years$11,107$7,863$5,453$3,717$2,498$1,731
32 years$10,643$7,440$5,088$3,416$2,260$1,543
33 years$10,208$7,046$4,750$3,141$2,045$1,376
34 years$9,799$6,678$4,438$2,890$1,852$1,228
35 years$9,415$6,334$4,150$2,660$1,677$1,095
36 years$9,053$6,012$3,882$2,450$1,520$978
37 years$8,711$5,710$3,633$2,257$1,377$873
38 years$8,388$5,426$3,403$2,081$1,249$779
39 years$8,082$5,160$3,188$1,919$1,132$696
40 years$7,793$4,909$2,988$1,770$1,027$622
41 years$7,518$4,673$2,802$1,633$932$555
42 years$7,257$4,451$2,628$1,507$845$496
43 years$7,009$4,241$2,466$1,391$767$443
44 years$6,772$4,042$2,315$1,284$696$396
45 years$6,547$3,855$2,174$1,186$632$354
46 years$6,333$3,677$2,042$1,096$574$317
47 years$6,128$3,509$1,918$1,012$521$283
48 years$5,932$3,350$1,802$935$473$253
49 years$5,744$3,199$1,694$864$430$226
50 years$5,565$3,056$1,593$799$391$202

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $5,700,000, adding $2,416 every year, while hoping to spend $37,955 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: 62/11/27 Blend
67$5,700,000$5,700,000$5,700,000$5,700,000
68$6,283,892$5,981,792$5,893,442$6,627,987
69$6,884,465$6,234,516$6,050,489$7,114,638
70$7,545,025$6,498,351$6,211,524$7,641,438
71$8,271,649$6,773,803$6,376,642$8,215,858
72$9,071,036$7,061,397$6,545,938$8,842,563
73$9,950,564$7,361,688$6,719,509$9,526,685
74$10,918,364$7,675,253$6,897,455$10,273,873
75$11,983,393$8,002,697$7,079,876$11,090,347
76$13,155,524$8,344,654$7,266,877$11,982,953
77$14,445,631$8,701,786$7,458,561$12,959,227
78$15,865,699$9,074,787$7,655,036$14,027,467
79$17,428,933$9,464,383$7,856,412$15,196,809
80$19,149,881$9,871,335$8,062,799$16,477,314
81$21,044,577$10,296,439$8,274,311$17,880,059
82$23,130,686$10,740,527$8,491,063$19,417,242
83$25,427,675$11,204,471$8,713,172$21,102,298
84$27,956,992$11,689,185$8,940,758$22,950,019
85$30,742,275$12,195,624$9,173,943$24,976,700
86$33,809,567$12,724,790$9,412,849$27,200,285
87$37,187,567$13,277,729$9,657,604$29,640,539
88$40,907,900$13,855,539$9,908,336$32,319,231
89$45,005,414$14,459,369$10,165,173$35,260,339
90$49,518,509$15,090,421$10,428,249$38,490,277
91$54,489,500$15,749,954$10,697,699$42,038,139
92$59,965,016$16,439,288$10,973,658$45,935,973
93$65,996,437$17,159,804$11,256,266$50,219,083
94$72,640,386$17,912,946$11,545,663$54,926,363
95$79,959,256$18,700,231$11,841,993$60,100,656
96$88,021,801$19,523,243$12,145,401$65,789,163
97$96,903,787$20,383,644$12,456,034$72,043,881
98$106,688,704$21,283,174$12,774,041$78,922,099
99$117,468,555$22,223,653$13,099,575$86,486,928
100$129,344,726$23,206,990$13,432,789$94,807,902