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%18.1%
1 years$536,764$531,983$527,318$522,765$518,319$501,326
2 years$265,725$260,776$255,980$251,329$246,819$229,861
3 years$175,390$170,420$165,636$161,029$156,592$140,201
4 years$130,232$125,277$120,540$116,012$111,683$95,985
5 years$103,144$98,218$93,544$89,109$84,899$69,936
6 years$85,091$80,203$75,598$71,261$67,178$52,962
7 years$72,201$67,354$62,822$58,588$54,634$41,163
8 years$62,538$57,735$53,278$49,148$45,324$32,589
9 years$55,027$50,269$45,888$41,863$38,169$26,154
10 years$49,021$44,309$40,007$36,086$32,522$21,209
11 years$44,110$39,446$35,221$31,406$27,970$17,338
12 years$40,021$35,405$31,258$27,547$24,238$14,263
13 years$36,563$31,995$27,927$24,320$21,136$11,793
14 years$33,602$29,083$25,092$21,589$18,528$9,790
15 years$31,039$26,568$22,655$19,253$16,313$8,155
16 years$28,797$24,375$20,540$17,239$14,418$6,811
17 years$26,822$22,449$18,691$15,489$12,784$5,702
18 years$25,068$20,744$17,062$13,959$11,367$4,782
19 years$23,500$19,225$15,620$12,613$10,132$4,017
20 years$22,091$17,865$14,335$11,424$9,050$3,378
21 years$20,818$16,640$13,185$10,368$8,098$2,844
22 years$19,662$15,533$12,152$9,427$7,259$2,397
23 years$18,609$14,528$11,221$8,585$6,516$2,021
24 years$17,644$13,612$10,377$7,830$5,857$1,706
25 years$16,758$12,774$9,611$7,151$5,270$1,440
26 years$15,941$12,005$8,914$6,538$4,747$1,216
27 years$15,187$11,299$8,277$5,985$4,280$1,028
28 years$14,487$10,647$7,695$5,483$3,862$869
29 years$13,837$10,044$7,161$5,028$3,487$735
30 years$13,231$9,485$6,670$4,615$3,151$621
31 years$12,666$8,967$6,218$4,238$2,849$525
32 years$12,137$8,484$5,802$3,895$2,577$445
33 years$11,641$8,035$5,417$3,582$2,332$376
34 years$11,175$7,615$5,061$3,296$2,111$318
35 years$10,736$7,223$4,732$3,034$1,912$269
36 years$10,324$6,856$4,427$2,794$1,733$228
37 years$9,934$6,511$4,143$2,574$1,570$193
38 years$9,565$6,188$3,880$2,373$1,424$163
39 years$9,217$5,884$3,635$2,188$1,291$138
40 years$8,887$5,598$3,407$2,018$1,171$117
41 years$8,573$5,329$3,195$1,862$1,062$99
42 years$8,275$5,075$2,997$1,718$964$84
43 years$7,992$4,836$2,812$1,586$875$71
44 years$7,723$4,609$2,640$1,465$794$60
45 years$7,466$4,395$2,479$1,353$721$51
46 years$7,221$4,193$2,328$1,249$655$43
47 years$6,988$4,002$2,187$1,154$594$36
48 years$6,764$3,820$2,055$1,067$540$31
49 years$6,551$3,648$1,932$986$490$26
50 years$6,346$3,485$1,816$911$445$22

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 $6,340 every year, while hoping to spend $29,557 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: 62/31/7 Blend
67$6,500,000$6,500,000$6,500,000$6,500,000
68$7,169,540$6,825,040$6,724,290$7,603,891
69$7,869,384$7,128,018$6,918,105$8,197,669
70$8,639,623$7,444,852$7,117,422$8,841,457
71$9,487,403$7,776,189$7,322,395$9,543,354
72$10,420,603$8,122,707$7,533,181$10,308,972
73$11,447,903$8,485,118$7,749,940$11,144,486
74$12,578,865$8,864,165$7,972,839$12,056,683
75$13,824,029$9,260,629$8,202,049$13,053,031
76$15,195,007$9,675,326$8,437,744$14,141,740
77$16,704,593$10,109,113$8,680,104$15,331,846
78$18,366,887$10,562,885$8,929,314$16,633,286
79$20,197,426$11,037,583$9,185,562$18,056,994
80$22,213,329$11,534,190$9,449,044$19,615,002
81$24,433,461$12,053,737$9,719,959$21,320,549
82$26,878,609$12,597,306$9,998,513$23,188,203
83$29,571,679$13,166,026$10,284,915$25,233,998
84$32,537,914$13,761,084$10,579,383$27,475,582
85$35,805,127$14,383,723$10,882,138$29,932,378
86$39,403,968$15,035,244$11,193,408$32,625,769
87$43,368,213$15,717,011$11,513,428$35,579,291
88$47,735,080$16,430,454$11,842,437$38,818,856
89$52,545,581$17,177,069$12,180,681$42,372,989
90$57,844,912$17,958,427$12,528,415$46,273,099
91$63,682,874$18,776,171$12,885,899$50,553,766
92$70,114,348$19,632,025$13,253,397$55,253,067
93$77,199,812$20,527,793$13,631,186$60,412,928
94$85,005,907$21,465,370$14,019,545$66,079,519
95$93,606,072$22,446,736$14,418,763$72,303,682
96$103,081,236$23,473,971$14,829,136$79,141,407
97$113,520,578$24,549,251$15,250,968$86,654,356
98$125,022,373$25,674,860$15,684,571$94,910,438
99$137,694,915$26,853,188$16,130,264$103,984,447
100$151,657,544$28,086,742$16,588,376$113,958,758