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%16.6%
1 years$495,474$491,061$486,755$482,552$478,448$465,560
2 years$245,284$240,716$236,289$231,996$227,833$214,940
3 years$161,899$157,311$152,895$148,642$144,546$132,053
4 years$120,214$115,640$111,268$107,088$103,092$91,093
5 years$95,210$90,663$86,349$82,254$78,369$66,899
6 years$78,545$74,033$69,782$65,779$62,010$51,080
7 years$66,647$62,173$57,990$54,081$50,431$40,040
8 years$57,728$53,294$49,180$45,367$41,837$31,981
9 years$50,794$46,402$42,359$38,643$35,233$25,902
10 years$45,250$40,901$36,929$33,310$30,020$21,202
11 years$40,717$36,412$32,512$28,990$25,819$17,500
12 years$36,942$32,681$28,853$25,428$22,374$14,540
13 years$33,751$29,534$25,779$22,449$19,510$12,145
14 years$31,018$26,846$23,162$19,928$17,103$10,188
15 years$28,651$24,524$20,912$17,772$15,059$8,577
16 years$26,582$22,500$18,960$15,913$13,309$7,241
17 years$24,759$20,722$17,253$14,298$11,801$6,128
18 years$23,140$19,148$15,750$12,885$10,492$5,197
19 years$21,693$17,746$14,418$11,643$9,352$4,415
20 years$20,392$16,491$13,232$10,545$8,354$3,756
21 years$19,217$15,360$12,171$9,570$7,475$3,199
22 years$18,150$14,338$11,218$8,701$6,701$2,728
23 years$17,177$13,410$10,357$7,925$6,015$2,328
24 years$16,287$12,565$9,579$7,228$5,406$1,988
25 years$15,469$11,791$8,872$6,601$4,865$1,698
26 years$14,715$11,082$8,228$6,035$4,382$1,452
27 years$14,018$10,429$7,641$5,524$3,951$1,242
28 years$13,373$9,828$7,103$5,061$3,565$1,063
29 years$12,773$9,271$6,610$4,641$3,219$910
30 years$12,213$8,756$6,157$4,260$2,909$779
31 years$11,691$8,277$5,740$3,912$2,630$667
32 years$11,203$7,832$5,355$3,595$2,379$571
33 years$10,745$7,417$5,000$3,306$2,153$490
34 years$10,315$7,029$4,672$3,042$1,949$419
35 years$9,911$6,667$4,368$2,800$1,765$359
36 years$9,529$6,328$4,086$2,579$1,599$308
37 years$9,170$6,010$3,825$2,376$1,450$264
38 years$8,830$5,712$3,582$2,190$1,314$226
39 years$8,508$5,432$3,356$2,020$1,192$194
40 years$8,203$5,168$3,145$1,863$1,081$166
41 years$7,914$4,919$2,949$1,719$981$143
42 years$7,639$4,685$2,766$1,586$890$122
43 years$7,378$4,464$2,596$1,464$808$105
44 years$7,129$4,255$2,437$1,352$733$90
45 years$6,892$4,057$2,288$1,248$666$77
46 years$6,666$3,871$2,149$1,153$604$66
47 years$6,450$3,694$2,019$1,065$549$57
48 years$6,244$3,526$1,897$985$498$49
49 years$6,047$3,367$1,783$910$453$42
50 years$5,858$3,217$1,677$841$411$36

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 $5,777 every year, while hoping to spend $54,616 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: 55/32/13 Blend
67$6,000,000$6,000,000$6,000,000$6,000,000
68$6,617,959$6,299,959$6,206,959$6,959,397
69$7,234,880$6,550,546$6,356,781$7,442,438
70$7,912,896$6,811,581$6,509,792$7,961,705
71$8,658,182$7,083,519$6,666,040$8,525,843
72$9,477,539$7,366,834$6,825,575$9,139,141
73$10,378,462$7,662,023$6,988,446$9,806,315
74$11,369,206$7,969,603$7,154,700$10,532,549
75$12,458,869$8,290,118$7,324,386$11,323,545
76$13,657,473$8,624,133$7,497,552$12,185,574
77$14,976,060$8,972,240$7,674,245$13,125,535
78$16,426,797$9,335,058$7,854,511$14,151,016
79$18,023,089$9,713,235$8,038,396$15,270,365
80$19,779,707$10,107,446$8,225,945$16,492,768
81$21,712,925$10,518,399$8,417,202$17,828,332
82$23,840,675$10,946,833$8,612,211$19,288,181
83$26,182,717$11,393,521$8,811,013$20,884,555
84$28,760,821$11,859,270$9,013,649$22,630,927
85$31,598,977$12,344,927$9,220,158$24,542,126
86$34,723,618$12,851,373$9,430,579$26,634,475
87$38,163,872$13,379,535$9,644,947$28,925,944
88$41,951,832$13,930,377$9,863,298$31,436,313
89$46,122,864$14,504,911$10,085,664$34,187,363
90$50,715,938$15,104,194$10,312,076$37,203,071
91$55,773,994$15,729,330$10,542,561$40,509,839
92$61,344,351$16,381,477$10,777,146$44,136,738
93$67,479,149$17,061,843$11,015,854$48,115,780
94$74,235,842$17,771,693$11,258,706$52,482,216
95$81,677,744$18,512,352$11,505,718$57,274,867
96$89,874,619$19,285,203$11,756,906$62,536,484
97$98,903,348$20,091,695$12,012,279$68,314,152
98$108,848,644$20,933,343$12,271,845$74,659,727
99$119,803,860$21,811,732$12,535,607$81,630,321
100$131,871,868$22,728,520$12,803,563$89,288,843