Can I retire at age 68 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$520,248$515,614$511,093$506,680$502,371$498,578
2 years$257,549$252,752$248,103$243,596$239,224$235,400
3 years$169,994$165,176$160,539$156,074$151,774$148,037
4 years$126,225$121,422$116,831$112,443$108,246$104,626
5 years$99,970$95,196$90,666$86,367$82,287$78,794
6 years$82,473$77,735$73,272$69,068$65,111$61,749
7 years$69,980$65,282$60,889$56,785$52,953$49,723
8 years$60,614$55,958$51,639$47,635$43,929$40,833
9 years$53,333$48,722$44,476$40,575$36,995$34,030
10 years$47,512$42,946$38,776$34,976$31,521$28,687
11 years$42,753$38,232$34,137$30,439$27,110$24,403
12 years$38,789$34,315$30,296$26,700$23,493$20,912
13 years$35,438$31,011$27,068$23,572$20,486$18,029
14 years$32,569$28,188$24,320$20,924$17,958$15,621
15 years$30,084$25,750$21,958$18,661$15,812$13,591
16 years$27,911$23,625$19,908$16,709$13,974$11,867
17 years$25,997$21,758$18,116$15,013$12,391$10,393
18 years$24,297$20,106$16,537$13,529$11,017$9,126
19 years$22,777$18,634$15,139$12,225$9,820$8,031
20 years$21,412$17,315$13,894$11,072$8,771$7,082
21 years$20,178$16,128$12,780$10,049$7,849$6,255
22 years$19,057$15,055$11,778$9,136$7,036$5,533
23 years$18,036$14,081$10,875$8,321$6,316$4,900
24 years$17,101$13,193$10,058$7,589$5,677$4,345
25 years$16,242$12,381$9,316$6,931$5,108$3,856
26 years$15,451$11,636$8,640$6,337$4,601$3,425
27 years$14,719$10,951$8,023$5,801$4,148$3,045
28 years$14,041$10,319$7,458$5,315$3,743$2,709
29 years$13,411$9,735$6,940$4,874$3,380$2,411
30 years$12,824$9,193$6,465$4,473$3,054$2,147
31 years$12,276$8,691$6,027$4,108$2,761$1,913
32 years$11,763$8,223$5,623$3,775$2,498$1,706
33 years$11,282$7,788$5,250$3,472$2,260$1,521
34 years$10,831$7,381$4,906$3,194$2,047$1,357
35 years$10,406$7,001$4,586$2,940$1,854$1,211
36 years$10,006$6,645$4,291$2,708$1,679$1,080
37 years$9,628$6,311$4,016$2,495$1,522$965
38 years$9,271$5,998$3,761$2,300$1,380$861
39 years$8,933$5,703$3,523$2,121$1,251$769
40 years$8,613$5,426$3,302$1,956$1,135$687
41 years$8,309$5,165$3,097$1,805$1,030$614
42 years$8,021$4,919$2,905$1,665$934$548
43 years$7,746$4,687$2,726$1,537$848$490
44 years$7,485$4,468$2,559$1,419$770$438
45 years$7,236$4,260$2,402$1,311$699$391
46 years$6,999$4,064$2,256$1,211$634$350
47 years$6,773$3,878$2,120$1,119$576$313
48 years$6,556$3,702$1,992$1,034$523$280
49 years$6,349$3,536$1,872$955$475$250
50 years$6,151$3,377$1,760$883$432$223

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $6,300,000, adding $6,218 every year, while hoping to spend $33,940 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: 81/10/9 Blend
67$6,300,000$6,300,000$6,300,000$6,300,000
68$6,949,014$6,615,114$6,517,464$7,502,395
69$7,621,701$6,903,143$6,699,687$8,153,864
70$8,361,866$7,204,147$6,886,877$8,863,639
71$9,176,353$7,518,728$7,079,165$9,641,658
72$10,072,708$7,847,512$7,276,684$10,494,733
73$11,059,243$8,191,159$7,479,571$11,430,367
74$12,145,116$8,550,356$7,687,967$12,456,820
75$13,340,420$8,925,826$7,902,017$13,583,189
76$14,656,275$9,318,324$8,121,866$14,819,494
77$16,104,934$9,728,640$8,347,668$16,176,769
78$17,699,898$10,157,605$8,579,576$17,667,167
79$19,456,045$10,606,084$8,817,749$19,304,075
80$21,389,768$11,074,989$9,062,349$21,102,234
81$23,519,130$11,565,269$9,313,544$23,077,886
82$25,864,037$12,077,923$9,571,503$25,248,917
83$28,446,422$12,613,995$9,836,402$27,635,034
84$31,290,455$13,174,577$10,108,419$30,257,939
85$34,422,767$13,760,818$10,387,737$33,141,545
86$37,872,707$14,373,915$10,674,543$36,312,191
87$41,672,613$15,015,127$10,969,031$39,798,893
88$45,858,122$15,685,771$11,271,395$43,633,617
89$50,468,502$16,387,225$11,581,839$47,851,578
90$55,547,026$17,120,936$11,900,567$52,491,574
91$61,141,377$17,888,417$12,227,791$57,596,347
92$67,304,102$18,691,253$12,563,726$63,212,987
93$74,093,103$19,531,107$12,908,594$69,393,374
94$81,572,188$20,409,720$13,262,620$76,194,667
95$89,811,669$21,328,914$13,626,036$83,679,844
96$98,889,030$22,290,602$13,999,079$91,918,288
97$108,889,654$23,296,784$14,381,990$100,986,447
98$119,907,630$24,349,558$14,775,018$110,968,552
99$132,046,644$25,451,122$15,178,417$121,957,408
100$145,420,952$26,603,778$15,592,445$134,055,269