Can I retire at age 68 with 6,500,000?

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$536,764$531,983$527,318$522,765$518,319$507,439
2 years$265,725$260,776$255,980$251,329$246,819$235,908
3 years$175,390$170,420$165,636$161,029$156,592$145,992
4 years$130,232$125,277$120,540$116,012$111,683$101,475
5 years$103,144$98,218$93,544$89,109$84,899$75,112
6 years$85,091$80,203$75,598$71,261$67,178$57,822
7 years$72,201$67,354$62,822$58,588$54,634$45,711
8 years$62,538$57,735$53,278$49,148$45,324$36,832
9 years$55,027$50,269$45,888$41,863$38,169$30,101
10 years$49,021$44,309$40,007$36,086$32,522$24,871
11 years$44,110$39,446$35,221$31,406$27,970$20,725
12 years$40,021$35,405$31,258$27,547$24,238$17,389
13 years$36,563$31,995$27,927$24,320$21,136$14,671
14 years$33,602$29,083$25,092$21,589$18,528$12,434
15 years$31,039$26,568$22,655$19,253$16,313$10,578
16 years$28,797$24,375$20,540$17,239$14,418$9,027
17 years$26,822$22,449$18,691$15,489$12,784$7,723
18 years$25,068$20,744$17,062$13,959$11,367$6,622
19 years$23,500$19,225$15,620$12,613$10,132$5,689
20 years$22,091$17,865$14,335$11,424$9,050$4,895
21 years$20,818$16,640$13,185$10,368$8,098$4,217
22 years$19,662$15,533$12,152$9,427$7,259$3,638
23 years$18,609$14,528$11,221$8,585$6,516$3,141
24 years$17,644$13,612$10,377$7,830$5,857$2,714
25 years$16,758$12,774$9,611$7,151$5,270$2,347
26 years$15,941$12,005$8,914$6,538$4,747$2,031
27 years$15,187$11,299$8,277$5,985$4,280$1,759
28 years$14,487$10,647$7,695$5,483$3,862$1,523
29 years$13,837$10,044$7,161$5,028$3,487$1,320
30 years$13,231$9,485$6,670$4,615$3,151$1,144
31 years$12,666$8,967$6,218$4,238$2,849$992
32 years$12,137$8,484$5,802$3,895$2,577$861
33 years$11,641$8,035$5,417$3,582$2,332$747
34 years$11,175$7,615$5,061$3,296$2,111$648
35 years$10,736$7,223$4,732$3,034$1,912$562
36 years$10,324$6,856$4,427$2,794$1,733$488
37 years$9,934$6,511$4,143$2,574$1,570$424
38 years$9,565$6,188$3,880$2,373$1,424$368
39 years$9,217$5,884$3,635$2,188$1,291$319
40 years$8,887$5,598$3,407$2,018$1,171$277
41 years$8,573$5,329$3,195$1,862$1,062$241
42 years$8,275$5,075$2,997$1,718$964$209
43 years$7,992$4,836$2,812$1,586$875$182
44 years$7,723$4,609$2,640$1,465$794$158
45 years$7,466$4,395$2,479$1,353$721$137
46 years$7,221$4,193$2,328$1,249$655$119
47 years$6,988$4,002$2,187$1,154$594$103
48 years$6,764$3,820$2,055$1,067$540$90
49 years$6,551$3,648$1,932$986$490$78
50 years$6,346$3,485$1,816$911$445$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $6,500,000, adding $3,851 every year, while hoping to spend $20,740 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: 41/43/16 Blend
67$6,500,000$6,500,000$6,500,000$6,500,000
68$7,166,972$6,822,472$6,721,722$7,426,827
69$7,875,936$7,134,706$6,924,833$7,923,354
70$8,656,519$7,461,545$7,134,052$8,458,108
71$9,516,005$7,803,681$7,349,564$9,036,454
72$10,462,419$8,161,842$7,571,555$9,662,378
73$11,504,604$8,536,791$7,800,221$10,340,250
74$12,652,304$8,929,325$8,035,759$11,074,867
75$13,916,259$9,340,281$8,278,377$11,871,491
76$15,308,300$9,770,537$8,528,285$12,735,901
77$16,841,465$10,221,012$8,785,701$13,674,436
78$18,530,122$10,692,669$9,050,849$14,694,062
79$20,390,103$11,186,519$9,323,962$15,802,424
80$22,438,855$11,703,619$9,605,275$17,007,922
81$24,695,601$12,245,080$9,895,035$18,319,783
82$27,181,527$12,812,064$10,193,493$19,748,145
83$29,919,977$13,405,789$10,500,910$21,304,149
84$32,936,676$14,027,534$10,817,552$23,000,037
85$36,259,971$14,678,638$11,143,694$24,849,268
86$39,921,101$15,360,504$11,479,621$26,866,636
87$43,954,489$16,074,603$11,825,623$29,068,405
88$48,398,067$16,822,479$12,182,001$31,472,461
89$53,293,637$17,605,748$12,549,066$34,098,469
90$58,687,262$18,426,104$12,927,134$36,968,061
91$64,629,704$19,285,324$13,316,534$40,105,026
92$71,176,900$20,185,271$13,717,604$43,535,534
93$78,390,491$21,127,897$14,130,691$47,288,374
94$86,338,406$22,115,248$14,556,154$51,395,219
95$95,095,498$23,149,470$14,994,360$55,890,920
96$104,744,257$24,232,812$15,445,689$60,813,824
97$115,375,583$25,367,632$15,910,532$66,206,129
98$127,089,648$26,556,402$16,389,290$72,114,276
99$139,996,839$27,801,713$16,882,378$78,589,379
100$154,218,801$29,106,281$17,390,222$85,687,695