Can I retire at age 68 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$487,216$482,877$478,642$474,510$470,474$464,210
2 years$241,196$236,704$232,351$228,130$224,035$217,735
3 years$159,200$154,689$150,346$146,165$142,137$135,996
4 years$118,210$113,713$109,414$105,304$101,373$95,438
5 years$93,623$89,152$84,909$80,883$77,063$71,351
6 years$77,236$72,799$68,619$64,683$60,977$55,495
7 years$65,536$61,137$57,023$53,179$49,591$44,341
8 years$56,765$52,406$48,360$44,611$41,140$36,123
9 years$49,947$45,628$41,653$37,999$34,646$29,858
10 years$44,496$40,219$36,314$32,755$29,520$24,958
11 years$40,038$35,805$31,970$28,507$25,388$21,048
12 years$36,327$32,136$28,373$25,004$22,001$17,878
13 years$33,188$29,042$25,349$22,075$19,185$15,273
14 years$30,501$26,398$22,776$19,596$16,818$13,111
15 years$28,174$24,115$20,564$17,476$14,808$11,301
16 years$26,139$22,125$18,644$15,648$13,087$9,773
17 years$24,346$20,377$16,965$14,059$11,604$8,475
18 years$22,754$18,829$15,487$12,670$10,318$7,368
19 years$21,331$17,450$14,178$11,449$9,196$6,419
20 years$20,052$16,216$13,012$10,369$8,214$5,602
21 years$18,897$15,104$11,968$9,411$7,351$4,897
22 years$17,847$14,099$11,031$8,556$6,589$4,286
23 years$16,891$13,187$10,185$7,792$5,915$3,755
24 years$16,015$12,355$9,419$7,107$5,316$3,294
25 years$15,211$11,595$8,724$6,491$4,784$2,892
26 years$14,470$10,897$8,091$5,935$4,309$2,541
27 years$13,785$10,256$7,513$5,432$3,885$2,233
28 years$13,150$9,664$6,985$4,977$3,506$1,965
29 years$12,560$9,117$6,500$4,564$3,165$1,729
30 years$12,010$8,610$6,054$4,189$2,860$1,522
31 years$11,497$8,139$5,644$3,847$2,586$1,341
32 years$11,016$7,701$5,266$3,535$2,339$1,182
33 years$10,566$7,293$4,917$3,251$2,117$1,042
34 years$10,143$6,912$4,594$2,991$1,917$918
35 years$9,745$6,556$4,295$2,754$1,736$810
36 years$9,371$6,223$4,018$2,536$1,573$714
37 years$9,017$5,910$3,761$2,337$1,426$630
38 years$8,682$5,617$3,522$2,154$1,292$556
39 years$8,366$5,341$3,300$1,986$1,172$491
40 years$8,066$5,082$3,093$1,832$1,063$433
41 years$7,782$4,837$2,900$1,690$964$382
42 years$7,512$4,607$2,720$1,560$875$337
43 years$7,255$4,389$2,553$1,440$794$298
44 years$7,010$4,184$2,396$1,329$721$263
45 years$6,777$3,990$2,250$1,228$654$232
46 years$6,555$3,806$2,113$1,134$594$205
47 years$6,343$3,632$1,985$1,048$540$181
48 years$6,140$3,467$1,866$968$490$160
49 years$5,946$3,311$1,754$895$445$141
50 years$5,760$3,163$1,649$827$404$125

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $5,900,000, adding $3,716 every year, while hoping to spend $40,951 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: 58/37/5 Blend
67$5,900,000$5,900,000$5,900,000$5,900,000
68$6,505,633$6,192,933$6,101,483$6,876,795
69$7,125,636$6,452,815$6,262,311$7,385,998
70$7,807,507$6,724,059$6,427,155$7,935,727
71$8,557,513$7,007,178$6,596,104$8,533,830
72$9,382,559$7,302,710$6,769,254$9,184,934
73$10,290,254$7,611,216$6,946,697$9,894,125
74$11,288,979$7,933,286$7,128,532$10,666,995
75$12,387,972$8,269,534$7,314,854$11,509,690
76$13,597,409$8,620,605$7,505,766$12,428,971
77$14,928,503$8,987,173$7,701,367$13,432,271
78$16,393,610$9,369,944$7,901,763$14,527,768
79$18,006,344$9,769,656$8,107,057$15,724,455
80$19,781,704$10,187,083$8,317,357$17,032,225
81$21,736,221$10,623,033$8,532,771$18,461,964
82$23,888,107$11,078,353$8,753,411$20,025,645
83$26,257,432$11,553,930$8,979,388$21,736,448
84$28,866,309$12,050,691$9,210,816$23,608,872
85$31,739,106$12,569,609$9,447,812$25,658,876
86$34,902,673$13,111,698$9,690,493$27,904,022
87$38,386,600$13,678,025$9,938,978$30,363,641
88$42,223,488$14,269,704$10,193,388$33,059,010
89$46,449,264$14,887,900$10,453,848$36,013,553
90$51,103,518$15,533,836$10,720,480$39,253,052
91$56,229,873$16,208,790$10,993,413$42,805,895
92$61,876,401$16,914,102$11,272,773$46,703,333
93$68,096,074$17,651,172$11,558,691$50,979,774
94$74,947,264$18,421,471$11,851,298$55,673,105
95$82,494,296$19,226,533$12,150,727$60,825,043
96$90,808,050$20,067,970$12,457,112$66,481,525
97$99,966,637$20,947,466$12,770,591$72,693,135
98$110,056,129$21,866,786$13,091,301$79,515,582
99$121,171,375$22,827,780$13,419,380$87,010,213
100$133,416,896$23,832,382$13,754,970$95,244,592