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%17.7%
1 years$503,732$499,245$494,868$490,595$486,423$471,229
2 years$249,372$244,728$240,227$235,863$231,630$216,458
3 years$164,597$159,933$155,443$151,120$146,955$132,281
4 years$122,217$117,567$113,123$108,873$104,810$90,746
5 years$96,796$92,174$87,788$83,625$79,675$66,258
6 years$79,855$75,267$70,946$66,876$63,044$50,287
7 years$67,758$63,209$58,956$54,982$51,272$39,173
8 years$58,690$54,182$49,999$46,123$42,535$31,086
9 years$51,640$47,175$43,064$39,287$35,820$25,010
10 years$46,004$41,583$37,545$33,866$30,521$20,332
11 years$41,396$37,019$33,054$29,473$26,249$16,664
12 years$37,558$33,226$29,334$25,852$22,747$13,745
13 years$34,313$30,026$26,208$22,823$19,836$11,395
14 years$31,535$27,293$23,548$20,260$17,388$9,487
15 years$29,129$24,933$21,261$18,068$15,310$7,925
16 years$27,025$22,875$19,276$16,178$13,531$6,638
17 years$25,171$21,067$17,540$14,536$11,997$5,573
18 years$23,525$19,467$16,012$13,100$10,667$4,688
19 years$22,054$18,042$14,658$11,837$9,508$3,950
20 years$20,732$16,766$13,453$10,721$8,493$3,332
21 years$19,537$15,616$12,374$9,730$7,600$2,814
22 years$18,452$14,577$11,405$8,846$6,812$2,379
23 years$17,463$13,634$10,530$8,057$6,115$2,012
24 years$16,558$12,774$9,739$7,348$5,496$1,704
25 years$15,727$11,988$9,020$6,711$4,946$1,443
26 years$14,960$11,267$8,365$6,136$4,455$1,223
27 years$14,252$10,603$7,768$5,616$4,017$1,037
28 years$13,596$9,991$7,221$5,146$3,624$879
29 years$12,985$9,426$6,720$4,719$3,273$746
30 years$12,417$8,902$6,260$4,331$2,957$633
31 years$11,886$8,415$5,836$3,977$2,673$537
32 years$11,390$7,962$5,445$3,655$2,418$456
33 years$10,924$7,540$5,084$3,361$2,189$387
34 years$10,487$7,147$4,750$3,093$1,982$328
35 years$10,076$6,778$4,441$2,847$1,795$279
36 years$9,688$6,434$4,154$2,622$1,626$237
37 years$9,322$6,111$3,888$2,416$1,474$201
38 years$8,977$5,807$3,641$2,227$1,336$171
39 years$8,650$5,522$3,412$2,053$1,212$145
40 years$8,340$5,254$3,198$1,894$1,099$123
41 years$8,046$5,001$2,998$1,747$997$105
42 years$7,766$4,763$2,813$1,613$905$89
43 years$7,501$4,538$2,639$1,489$821$76
44 years$7,248$4,326$2,477$1,374$745$64
45 years$7,007$4,125$2,326$1,269$677$55
46 years$6,777$3,935$2,185$1,172$614$46
47 years$6,558$3,755$2,053$1,083$558$39
48 years$6,348$3,585$1,929$1,001$507$33
49 years$6,148$3,423$1,813$925$460$28
50 years$5,956$3,270$1,704$855$418$24

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 $5,756 every year, while hoping to spend $50,714 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: 80/11/9 Blend
67$6,100,000$6,100,000$6,100,000$6,100,000
68$6,728,137$6,404,837$6,310,287$7,256,997
69$7,360,448$6,664,715$6,467,723$7,864,464
70$8,055,555$6,935,627$6,628,732$8,523,660
71$8,819,809$7,218,061$6,793,383$9,245,489
72$9,660,209$7,512,525$6,961,740$10,036,187
73$10,584,464$7,819,552$7,133,872$10,902,617
74$11,601,069$8,139,700$7,309,846$11,852,339
75$12,719,382$8,473,550$7,489,731$12,893,678
76$13,949,717$8,821,711$7,673,594$14,035,801
77$15,303,433$9,184,821$7,861,505$15,288,806
78$16,793,051$9,563,544$8,053,533$16,663,811
79$18,432,362$9,958,578$8,249,747$18,173,064
80$20,236,566$10,370,651$8,450,215$19,830,054
81$22,222,407$10,800,524$8,655,009$21,649,638
82$24,408,338$11,248,995$8,864,198$23,648,184
83$26,814,690$11,716,898$9,077,850$25,843,717
84$29,463,867$12,205,104$9,296,036$28,256,096
85$32,380,552$12,714,525$9,518,825$30,907,195
86$35,591,948$13,246,117$9,746,285$33,821,110
87$39,128,027$13,800,876$9,978,485$37,024,388
88$43,021,815$14,379,848$10,215,494$40,546,272
89$47,309,705$14,984,126$10,457,378$44,418,978
90$52,031,800$15,614,853$10,704,205$48,678,000
91$57,232,289$16,273,226$10,956,041$53,362,438
92$62,959,864$16,960,496$11,212,950$58,515,371
93$69,268,183$17,677,973$11,474,997$64,184,262
94$76,216,373$18,427,029$11,742,245$70,421,400
95$83,869,588$19,209,098$12,014,754$77,284,396
96$92,299,623$20,025,681$12,292,586$84,836,726
97$101,585,595$20,878,350$12,575,799$93,148,325
98$111,814,686$21,768,750$12,864,448$102,296,248
99$123,082,966$22,698,601$13,158,589$112,365,395
100$135,496,301$23,669,704$13,458,274$123,449,310