Can I retire at age 68 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$503,732$499,245$494,868$490,595$486,423$477,187
2 years$249,372$244,728$240,227$235,863$231,630$222,361
3 years$164,597$159,933$155,443$151,120$146,955$137,943
4 years$122,217$117,567$113,123$108,873$104,810$96,122
5 years$96,796$92,174$87,788$83,625$79,675$71,337
6 years$79,855$75,267$70,946$66,876$63,044$55,066
7 years$67,758$63,209$58,956$54,982$51,272$43,654
8 years$58,690$54,182$49,999$46,123$42,535$35,277
9 years$51,640$47,175$43,064$39,287$35,820$28,917
10 years$46,004$41,583$37,545$33,866$30,521$23,966
11 years$41,396$37,019$33,054$29,473$26,249$20,035
12 years$37,558$33,226$29,334$25,852$22,747$16,864
13 years$34,313$30,026$26,208$22,823$19,836$14,276
14 years$31,535$27,293$23,548$20,260$17,388$12,140
15 years$29,129$24,933$21,261$18,068$15,310$10,363
16 years$27,025$22,875$19,276$16,178$13,531$8,875
17 years$25,171$21,067$17,540$14,536$11,997$7,621
18 years$23,525$19,467$16,012$13,100$10,667$6,558
19 years$22,054$18,042$14,658$11,837$9,508$5,655
20 years$20,732$16,766$13,453$10,721$8,493$4,884
21 years$19,537$15,616$12,374$9,730$7,600$4,224
22 years$18,452$14,577$11,405$8,846$6,812$3,658
23 years$17,463$13,634$10,530$8,057$6,115$3,170
24 years$16,558$12,774$9,739$7,348$5,496$2,751
25 years$15,727$11,988$9,020$6,711$4,946$2,388
26 years$14,960$11,267$8,365$6,136$4,455$2,075
27 years$14,252$10,603$7,768$5,616$4,017$1,804
28 years$13,596$9,991$7,221$5,146$3,624$1,569
29 years$12,985$9,426$6,720$4,719$3,273$1,365
30 years$12,417$8,902$6,260$4,331$2,957$1,188
31 years$11,886$8,415$5,836$3,977$2,673$1,034
32 years$11,390$7,962$5,445$3,655$2,418$901
33 years$10,924$7,540$5,084$3,361$2,189$785
34 years$10,487$7,147$4,750$3,093$1,982$684
35 years$10,076$6,778$4,441$2,847$1,795$596
36 years$9,688$6,434$4,154$2,622$1,626$520
37 years$9,322$6,111$3,888$2,416$1,474$453
38 years$8,977$5,807$3,641$2,227$1,336$395
39 years$8,650$5,522$3,412$2,053$1,212$344
40 years$8,340$5,254$3,198$1,894$1,099$300
41 years$8,046$5,001$2,998$1,747$997$262
42 years$7,766$4,763$2,813$1,613$905$228
43 years$7,501$4,538$2,639$1,489$821$199
44 years$7,248$4,326$2,477$1,374$745$174
45 years$7,007$4,125$2,326$1,269$677$152
46 years$6,777$3,935$2,185$1,172$614$132
47 years$6,558$3,755$2,053$1,083$558$115
48 years$6,348$3,585$1,929$1,001$507$101
49 years$6,148$3,423$1,813$925$460$88
50 years$5,956$3,270$1,704$855$418$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $6,100,000, adding $2,876 every year, while hoping to spend $24,070 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: 55/19/26 Blend
67$6,100,000$6,100,000$6,100,000$6,100,000
68$6,725,167$6,401,867$6,307,317$7,046,699
69$7,385,523$6,689,948$6,493,001$7,556,372
70$8,112,430$6,991,338$6,684,100$8,108,430
71$8,912,648$7,306,665$6,880,768$8,709,198
72$9,793,631$7,636,584$7,083,166$9,363,368
73$10,763,588$7,981,783$7,291,460$10,076,097
74$11,831,568$8,342,985$7,505,817$10,853,059
75$13,007,540$8,720,943$7,726,414$11,700,492
76$14,302,489$9,116,449$7,953,429$12,625,262
77$15,728,521$9,530,333$8,187,046$13,634,921
78$17,298,974$9,963,463$8,427,456$14,737,777
79$19,028,546$10,416,750$8,674,854$15,942,973
80$20,933,436$10,891,148$8,929,438$17,260,569
81$23,031,489$11,387,657$9,191,417$18,701,639
82$25,342,373$11,907,324$9,461,002$20,278,367
83$27,887,759$12,451,248$9,738,410$22,004,168
84$30,691,530$13,020,578$10,023,866$23,893,804
85$33,780,001$13,616,522$10,317,601$25,963,528
86$37,182,171$14,240,341$10,619,850$28,231,232
87$40,929,996$14,893,361$10,930,858$30,716,614
88$45,058,688$15,576,968$11,250,875$33,441,361
89$49,607,054$16,292,619$11,580,158$36,429,351
90$54,617,852$17,041,836$11,918,973$39,706,876
91$60,138,204$17,826,218$12,267,590$43,302,889
92$66,220,037$18,647,438$12,626,290$47,249,269
93$72,920,569$19,507,251$12,995,359$51,581,126
94$80,302,859$20,407,498$13,375,095$56,337,124
95$88,436,389$21,350,104$13,765,800$61,559,845
96$97,397,734$22,337,092$14,167,787$67,296,183
97$107,271,271$23,370,578$14,581,376$73,597,792
98$118,149,987$24,452,782$15,006,898$80,521,561
99$130,136,349$25,586,032$15,444,692$88,130,149
100$143,343,274$26,772,765$15,895,107$96,492,577