Can I retire at age 68 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$495,474$491,061$486,755$482,552$478,448$469,749
2 years$245,284$240,716$236,289$231,996$227,833$219,100
3 years$161,899$157,311$152,895$148,642$144,546$136,051
4 years$120,214$115,640$111,268$107,088$103,092$94,900
5 years$95,210$90,663$86,349$82,254$78,369$70,504
6 years$78,545$74,033$69,782$65,779$62,010$54,482
7 years$66,647$62,173$57,990$54,081$50,431$43,240
8 years$57,728$53,294$49,180$45,367$41,837$34,983
9 years$50,794$46,402$42,359$38,643$35,233$28,710
10 years$45,250$40,901$36,929$33,310$30,020$23,824
11 years$40,717$36,412$32,512$28,990$25,819$19,941
12 years$36,942$32,681$28,853$25,428$22,374$16,807
13 years$33,751$29,534$25,779$22,449$19,510$14,246
14 years$31,018$26,846$23,162$19,928$17,103$12,131
15 years$28,651$24,524$20,912$17,772$15,059$10,370
16 years$26,582$22,500$18,960$15,913$13,309$8,893
17 years$24,759$20,722$17,253$14,298$11,801$7,647
18 years$23,140$19,148$15,750$12,885$10,492$6,591
19 years$21,693$17,746$14,418$11,643$9,352$5,691
20 years$20,392$16,491$13,232$10,545$8,354$4,923
21 years$19,217$15,360$12,171$9,570$7,475$4,264
22 years$18,150$14,338$11,218$8,701$6,701$3,698
23 years$17,177$13,410$10,357$7,925$6,015$3,210
24 years$16,287$12,565$9,579$7,228$5,406$2,790
25 years$15,469$11,791$8,872$6,601$4,865$2,426
26 years$14,715$11,082$8,228$6,035$4,382$2,111
27 years$14,018$10,429$7,641$5,524$3,951$1,838
28 years$13,373$9,828$7,103$5,061$3,565$1,601
29 years$12,773$9,271$6,610$4,641$3,219$1,396
30 years$12,213$8,756$6,157$4,260$2,909$1,217
31 years$11,691$8,277$5,740$3,912$2,630$1,061
32 years$11,203$7,832$5,355$3,595$2,379$926
33 years$10,745$7,417$5,000$3,306$2,153$808
34 years$10,315$7,029$4,672$3,042$1,949$705
35 years$9,911$6,667$4,368$2,800$1,765$616
36 years$9,529$6,328$4,086$2,579$1,599$537
37 years$9,170$6,010$3,825$2,376$1,450$469
38 years$8,830$5,712$3,582$2,190$1,314$410
39 years$8,508$5,432$3,356$2,020$1,192$358
40 years$8,203$5,168$3,145$1,863$1,081$313
41 years$7,914$4,919$2,949$1,719$981$273
42 years$7,639$4,685$2,766$1,586$890$239
43 years$7,378$4,464$2,596$1,464$808$209
44 years$7,129$4,255$2,437$1,352$733$182
45 years$6,892$4,057$2,288$1,248$666$159
46 years$6,666$3,871$2,149$1,153$604$139
47 years$6,450$3,694$2,019$1,065$549$122
48 years$6,244$3,526$1,897$985$498$106
49 years$6,047$3,367$1,783$910$453$93
50 years$5,858$3,217$1,677$841$411$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $6,000,000, adding $3,340 every year, while hoping to spend $49,537 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: 81/6/13 Blend
67$6,000,000$6,000,000$6,000,000$6,000,000
68$6,615,445$6,297,445$6,204,445$7,134,728
69$7,237,514$6,553,313$6,359,587$7,731,996
70$7,921,373$6,820,058$6,518,266$8,380,680
71$8,673,273$7,098,161$6,680,548$9,091,303
72$9,500,100$7,388,125$6,846,500$9,870,051
73$10,409,442$7,690,474$7,016,189$10,723,740
74$11,409,657$8,005,760$7,189,684$11,659,875
75$12,509,956$8,334,555$7,367,051$12,686,722
76$13,720,484$8,677,461$7,548,361$13,813,386
77$15,052,424$9,035,108$7,733,681$15,049,897
78$16,518,094$9,408,151$7,923,083$16,407,301
79$18,131,068$9,797,278$8,116,634$17,897,767
80$19,906,301$10,203,208$8,314,405$19,534,700
81$21,860,272$10,626,694$8,516,466$21,332,866
82$24,011,139$11,068,522$8,722,887$23,308,532
83$26,378,911$11,529,515$8,933,739$25,479,619
84$28,985,631$12,010,533$9,149,091$27,865,870
85$31,855,594$12,512,477$9,369,014$30,489,034
86$35,015,566$13,036,290$9,593,578$33,373,073
87$38,495,042$13,582,957$9,822,851$36,544,387
88$42,326,523$14,153,508$10,056,903$40,032,061
89$46,545,823$14,749,024$10,295,803$43,868,141
90$51,192,403$15,370,633$10,539,620$48,087,931
91$56,309,751$16,019,516$10,788,419$52,730,332
92$61,945,783$16,696,910$11,042,269$57,838,204
93$68,153,302$17,404,108$11,301,234$63,458,769
94$74,990,494$18,142,464$11,565,380$69,644,058
95$82,521,473$18,913,394$11,834,770$76,451,402
96$90,816,894$19,718,381$12,109,465$83,943,967
97$99,954,613$20,558,977$12,389,527$92,191,357
98$110,020,422$21,436,805$12,675,015$101,270,263
99$121,108,862$22,353,566$12,965,985$111,265,187
100$133,324,114$23,311,039$13,262,494$122,269,244