Can I retire at age 68 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$528,506$523,798$519,205$514,722$510,345$505,226
2 years$261,637$256,764$252,041$247,463$243,021$237,865
3 years$172,692$167,798$163,088$158,552$154,183$149,150
4 years$128,228$123,349$118,686$114,228$109,964$105,093
5 years$101,557$96,707$92,105$87,738$83,593$78,898
6 years$83,782$78,969$74,435$70,165$66,144$61,631
7 years$71,090$66,318$61,856$57,686$53,793$49,464
8 years$61,576$56,847$52,458$48,392$44,627$40,481
9 years$54,180$49,495$45,182$41,219$37,582$33,618
10 years$48,267$43,628$39,391$35,531$32,022$28,238
11 years$43,432$38,839$34,679$30,923$27,540$23,933
12 years$39,405$34,860$30,777$27,123$23,865$20,431
13 years$36,001$31,503$27,497$23,946$20,811$17,546
14 years$33,086$28,636$24,706$21,256$18,243$15,143
15 years$30,561$26,159$22,306$18,957$16,062$13,122
16 years$28,354$24,000$20,224$16,974$14,196$11,411
17 years$26,409$22,104$18,403$15,251$12,587$9,952
18 years$24,682$20,425$16,800$13,744$11,192$8,702
19 years$23,139$18,929$15,379$12,419$9,976$7,625
20 years$21,752$17,590$14,114$11,248$8,910$6,694
21 years$20,498$16,384$12,982$10,208$7,974$5,886
22 years$19,360$15,294$11,965$9,282$7,147$5,183
23 years$18,322$14,304$11,048$8,453$6,416$4,569
24 years$17,373$13,402$10,217$7,709$5,767$4,033
25 years$16,500$12,577$9,463$7,041$5,189$3,563
26 years$15,696$11,821$8,777$6,438$4,674$3,150
27 years$14,953$11,125$8,150$5,893$4,214$2,787
28 years$14,264$10,483$7,577$5,399$3,803$2,467
29 years$13,624$9,889$7,051$4,951$3,434$2,186
30 years$13,028$9,339$6,567$4,544$3,103$1,937
31 years$12,471$8,829$6,123$4,173$2,805$1,718
32 years$11,950$8,354$5,712$3,835$2,537$1,523
33 years$11,461$7,911$5,334$3,527$2,296$1,352
34 years$11,003$7,498$4,984$3,245$2,079$1,200
35 years$10,571$7,112$4,659$2,987$1,883$1,065
36 years$10,165$6,750$4,359$2,751$1,706$946
37 years$9,781$6,411$4,080$2,535$1,546$840
38 years$9,418$6,093$3,820$2,336$1,402$746
39 years$9,075$5,794$3,579$2,154$1,271$663
40 years$8,750$5,512$3,355$1,987$1,153$589
41 years$8,441$5,247$3,146$1,833$1,046$524
42 years$8,148$4,997$2,951$1,692$949$466
43 years$7,869$4,761$2,769$1,562$861$414
44 years$7,604$4,538$2,599$1,442$782$368
45 years$7,351$4,328$2,441$1,332$710$327
46 years$7,110$4,129$2,292$1,230$645$291
47 years$6,880$3,940$2,153$1,137$585$259
48 years$6,660$3,761$2,024$1,050$532$230
49 years$6,450$3,592$1,902$971$483$205
50 years$6,249$3,431$1,788$897$438$182

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $6,400,000, adding $2,883 every year, while hoping to spend $24,137 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: 49/45/6 Blend
67$6,400,000$6,400,000$6,400,000$6,400,000
68$7,055,774$6,716,574$6,617,374$7,390,659
69$7,749,781$7,020,004$6,813,374$7,922,919
70$8,513,768$7,337,494$7,015,132$8,497,898
71$9,354,848$7,669,706$7,222,814$9,121,825
72$10,280,856$8,017,336$7,436,592$9,799,270
73$11,300,430$8,381,112$7,656,644$10,535,251
74$12,423,085$8,761,797$7,883,153$11,335,278
75$13,659,305$9,160,191$8,116,304$12,205,402
76$15,020,646$9,577,132$8,356,292$13,152,270
77$16,519,838$10,013,498$8,603,314$14,183,182
78$18,170,911$10,470,209$8,857,575$15,306,162
79$19,989,324$10,948,229$9,119,284$16,530,026
80$21,992,112$11,448,569$9,388,657$17,864,463
81$24,198,047$11,972,288$9,665,916$19,320,122
82$26,627,813$12,520,496$9,951,289$20,908,712
83$29,304,205$13,094,355$10,245,012$22,643,103
84$32,252,340$13,695,084$10,547,326$24,537,451
85$35,499,896$14,323,961$10,858,479$26,607,317
86$39,077,375$14,982,324$11,178,727$28,869,821
87$43,018,385$15,671,577$11,508,333$31,343,790
88$47,359,965$16,393,189$11,847,567$34,049,934
89$52,142,928$17,148,701$12,196,707$37,011,036
90$57,412,249$17,939,730$12,556,039$40,252,163
91$63,217,489$18,767,967$12,925,857$43,800,893
92$69,613,263$19,635,188$13,306,463$47,687,574
93$76,659,754$20,543,251$13,698,168$51,945,602
94$84,423,286$21,494,106$14,101,293$56,611,729
95$92,976,940$22,489,797$14,516,166$61,726,403
96$102,401,256$23,532,465$14,943,125$67,334,146
97$112,784,983$24,624,354$15,382,519$73,483,963
98$124,225,922$25,767,819$15,834,704$80,229,796
99$136,831,848$26,965,324$16,300,049$87,631,030
100$150,721,528$28,219,456$16,778,932$95,753,040