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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.4%
1 years$520,248$515,614$511,093$506,680$502,371$491,224
2 years$257,549$252,752$248,103$243,596$239,224$228,052
3 years$169,994$165,176$160,539$156,074$151,774$140,925
4 years$126,225$121,422$116,831$112,443$108,246$97,804
5 years$99,970$95,196$90,666$86,367$82,287$72,282
6 years$82,473$77,735$73,272$69,068$65,111$55,552
7 years$69,980$65,282$60,889$56,785$52,953$43,842
8 years$60,614$55,958$51,639$47,635$43,929$35,264
9 years$53,333$48,722$44,476$40,575$36,995$28,769
10 years$47,512$42,946$38,776$34,976$31,521$23,725
11 years$42,753$38,232$34,137$30,439$27,110$19,733
12 years$38,789$34,315$30,296$26,700$23,493$16,525
13 years$35,438$31,011$27,068$23,572$20,486$13,914
14 years$32,569$28,188$24,320$20,924$17,958$11,768
15 years$30,084$25,750$21,958$18,661$15,812$9,990
16 years$27,911$23,625$19,908$16,709$13,974$8,507
17 years$25,997$21,758$18,116$15,013$12,391$7,263
18 years$24,297$20,106$16,537$13,529$11,017$6,214
19 years$22,777$18,634$15,139$12,225$9,820$5,326
20 years$21,412$17,315$13,894$11,072$8,771$4,573
21 years$20,178$16,128$12,780$10,049$7,849$3,931
22 years$19,057$15,055$11,778$9,136$7,036$3,383
23 years$18,036$14,081$10,875$8,321$6,316$2,914
24 years$17,101$13,193$10,058$7,589$5,677$2,512
25 years$16,242$12,381$9,316$6,931$5,108$2,167
26 years$15,451$11,636$8,640$6,337$4,601$1,871
27 years$14,719$10,951$8,023$5,801$4,148$1,616
28 years$14,041$10,319$7,458$5,315$3,743$1,396
29 years$13,411$9,735$6,940$4,874$3,380$1,207
30 years$12,824$9,193$6,465$4,473$3,054$1,044
31 years$12,276$8,691$6,027$4,108$2,761$903
32 years$11,763$8,223$5,623$3,775$2,498$781
33 years$11,282$7,788$5,250$3,472$2,260$676
34 years$10,831$7,381$4,906$3,194$2,047$585
35 years$10,406$7,001$4,586$2,940$1,854$506
36 years$10,006$6,645$4,291$2,708$1,679$438
37 years$9,628$6,311$4,016$2,495$1,522$380
38 years$9,271$5,998$3,761$2,300$1,380$329
39 years$8,933$5,703$3,523$2,121$1,251$285
40 years$8,613$5,426$3,302$1,956$1,135$247
41 years$8,309$5,165$3,097$1,805$1,030$214
42 years$8,021$4,919$2,905$1,665$934$185
43 years$7,746$4,687$2,726$1,537$848$160
44 years$7,485$4,468$2,559$1,419$770$139
45 years$7,236$4,260$2,402$1,311$699$120
46 years$6,999$4,064$2,256$1,211$634$104
47 years$6,773$3,878$2,120$1,119$576$90
48 years$6,556$3,702$1,992$1,034$523$78
49 years$6,349$3,536$1,872$955$475$68
50 years$6,151$3,377$1,760$883$432$59

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 $4,718 every year, while hoping to spend $31,227 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: 56/18/26 Blend
67$6,300,000$6,300,000$6,300,000$6,300,000
68$6,947,467$6,613,567$6,515,917$7,286,723
69$7,622,883$6,904,406$6,700,975$7,811,023
70$8,366,145$7,208,450$6,891,185$8,378,304
71$9,184,140$7,526,313$7,086,689$8,995,738
72$10,084,458$7,858,637$7,287,628$9,668,169
73$11,075,459$8,206,097$7,494,149$10,400,923
74$12,166,357$8,569,397$7,706,405$11,199,860
75$13,367,305$8,949,277$7,924,549$12,071,427
76$14,689,489$9,346,510$8,148,740$13,022,715
77$16,145,235$9,761,907$8,379,141$14,061,528
78$17,748,126$10,196,318$8,615,919$15,196,455
79$19,513,128$10,650,631$8,859,246$16,436,944
80$21,456,733$11,125,778$9,109,297$17,793,397
81$23,597,114$11,622,735$9,366,253$19,277,260
82$25,954,296$12,142,525$9,630,298$20,901,136
83$28,550,343$12,686,218$9,901,622$22,678,893
84$31,409,572$13,254,936$10,180,420$24,625,802
85$34,558,776$13,849,855$10,466,892$26,758,674
86$38,027,479$14,472,206$10,761,241$29,096,015
87$41,848,217$15,123,280$11,063,677$31,658,204
88$46,056,841$15,804,426$11,374,416$34,467,680
89$50,692,858$16,517,062$11,693,678$37,549,148
90$55,799,802$17,262,671$12,021,690$40,929,817
91$61,425,648$18,042,808$12,358,682$44,639,647
92$67,623,259$18,859,101$12,704,893$48,711,634
93$74,450,891$19,713,256$13,060,566$53,182,116
94$81,972,738$20,607,062$13,425,951$58,091,114
95$90,259,540$21,542,391$13,801,304$63,482,705
96$99,389,253$22,521,208$14,186,887$69,405,439
97$109,447,778$23,545,568$14,582,970$75,912,788
98$120,529,779$24,617,629$14,989,826$83,063,651
99$132,739,571$25,739,647$15,407,740$90,922,907
100$146,192,108$26,913,991$15,837,001$99,562,021