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%18.8%
1 years$503,732$499,245$494,868$490,595$486,423$469,164
2 years$249,372$244,728$240,227$235,863$231,630$214,426
3 years$164,597$159,933$155,443$151,120$146,955$130,347
4 years$122,217$117,567$113,123$108,873$104,810$88,924
5 years$96,796$92,174$87,788$83,625$79,675$64,553
6 years$79,855$75,267$70,946$66,876$63,044$48,697
7 years$67,758$63,209$58,956$54,982$51,272$37,697
8 years$58,690$54,182$49,999$46,123$42,535$29,722
9 years$51,640$47,175$43,064$39,287$35,820$23,752
10 years$46,004$41,583$37,545$33,866$30,521$19,176
11 years$41,396$37,019$33,054$29,473$26,249$15,604
12 years$37,558$33,226$29,334$25,852$22,747$12,777
13 years$34,313$30,026$26,208$22,823$19,836$10,514
14 years$31,535$27,293$23,548$20,260$17,388$8,687
15 years$29,129$24,933$21,261$18,068$15,310$7,200
16 years$27,025$22,875$19,276$16,178$13,531$5,983
17 years$25,171$21,067$17,540$14,536$11,997$4,983
18 years$23,525$19,467$16,012$13,100$10,667$4,157
19 years$22,054$18,042$14,658$11,837$9,508$3,473
20 years$20,732$16,766$13,453$10,721$8,493$2,906
21 years$19,537$15,616$12,374$9,730$7,600$2,433
22 years$18,452$14,577$11,405$8,846$6,812$2,039
23 years$17,463$13,634$10,530$8,057$6,115$1,710
24 years$16,558$12,774$9,739$7,348$5,496$1,435
25 years$15,727$11,988$9,020$6,711$4,946$1,205
26 years$14,960$11,267$8,365$6,136$4,455$1,012
27 years$14,252$10,603$7,768$5,616$4,017$850
28 years$13,596$9,991$7,221$5,146$3,624$715
29 years$12,985$9,426$6,720$4,719$3,273$601
30 years$12,417$8,902$6,260$4,331$2,957$505
31 years$11,886$8,415$5,836$3,977$2,673$425
32 years$11,390$7,962$5,445$3,655$2,418$357
33 years$10,924$7,540$5,084$3,361$2,189$301
34 years$10,487$7,147$4,750$3,093$1,982$253
35 years$10,076$6,778$4,441$2,847$1,795$213
36 years$9,688$6,434$4,154$2,622$1,626$179
37 years$9,322$6,111$3,888$2,416$1,474$151
38 years$8,977$5,807$3,641$2,227$1,336$127
39 years$8,650$5,522$3,412$2,053$1,212$107
40 years$8,340$5,254$3,198$1,894$1,099$90
41 years$8,046$5,001$2,998$1,747$997$76
42 years$7,766$4,763$2,813$1,613$905$64
43 years$7,501$4,538$2,639$1,489$821$54
44 years$7,248$4,326$2,477$1,374$745$45
45 years$7,007$4,125$2,326$1,269$677$38
46 years$6,777$3,935$2,185$1,172$614$32
47 years$6,558$3,755$2,053$1,083$558$27
48 years$6,348$3,585$1,929$1,001$507$23
49 years$6,148$3,423$1,813$925$460$19
50 years$5,956$3,270$1,704$855$418$16

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 $5,792 every year, while hoping to spend $24,550 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: 51/21/28 Blend
67$6,100,000$6,100,000$6,100,000$6,100,000
68$6,728,174$6,404,874$6,310,324$7,017,952
69$7,388,327$6,692,592$6,495,599$7,508,268
70$8,114,993$6,993,585$6,686,258$8,038,206
71$8,914,930$7,308,479$6,882,455$8,613,991
72$9,795,584$7,637,926$7,084,349$9,239,997
73$10,765,163$7,982,613$7,292,104$9,921,036
74$11,832,707$8,343,259$7,505,887$10,662,395
75$13,008,180$8,720,615$7,725,871$11,469,890
76$14,302,559$9,115,471$7,952,233$12,349,915
77$15,727,944$9,528,652$8,185,156$13,309,506
78$17,297,663$9,961,025$8,424,827$14,356,399
79$19,026,405$10,413,496$8,671,440$15,499,104
80$20,930,358$10,887,016$8,925,192$16,746,986
81$23,027,356$11,382,582$9,186,288$18,110,348
82$25,337,054$11,901,236$9,454,936$19,600,526
83$27,881,110$12,444,073$9,731,353$21,229,996
84$30,683,389$13,012,239$10,015,760$23,012,487
85$33,770,191$13,606,934$10,308,384$24,963,110
86$37,170,495$14,229,419$10,609,459$27,098,498
87$40,916,236$14,881,011$10,919,226$29,436,959
88$45,042,604$15,563,093$11,237,933$31,998,647
89$49,588,379$16,277,114$11,565,833$34,805,749
90$54,596,293$17,024,591$11,903,188$37,882,692
91$60,113,436$17,807,118$12,250,266$41,256,370
92$66,191,700$18,626,360$12,607,343$44,956,394
93$72,888,267$19,484,065$12,974,703$49,015,370
94$80,266,152$20,382,066$13,352,637$53,469,201
95$88,394,795$21,322,283$13,741,446$58,357,422
96$97,350,717$22,306,727$14,141,437$63,723,574
97$107,218,242$23,337,509$14,552,927$69,615,604
98$118,090,293$24,416,837$14,976,241$76,086,319
99$130,069,271$25,547,031$15,411,713$83,193,877
100$143,268,019$26,730,517$15,859,687$91,002,331