Can I retire at age 68 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$545,022$540,167$535,431$530,807$526,293$510,879
2 years$269,813$264,788$259,918$255,196$250,616$235,211
3 years$178,088$173,042$168,184$163,506$159,001$144,089
4 years$132,235$127,204$122,395$117,797$113,401$99,095
5 years$104,731$99,729$94,983$90,480$86,206$72,546
6 years$86,400$81,437$76,761$72,357$68,211$55,210
7 years$73,312$68,390$63,789$59,489$55,474$43,130
8 years$63,500$58,623$54,098$49,904$46,021$34,328
9 years$55,873$51,042$46,594$42,507$38,757$27,702
10 years$49,775$44,991$40,622$36,641$33,022$22,591
11 years$44,789$40,053$35,763$31,889$28,400$18,575
12 years$40,637$35,949$31,739$27,971$24,611$15,372
13 years$37,126$32,488$28,356$24,694$21,461$12,788
14 years$34,119$29,530$25,478$21,921$18,813$10,683
15 years$31,516$26,977$23,004$19,549$16,564$8,955
16 years$29,240$24,750$20,856$17,504$14,640$7,528
17 years$27,235$22,794$18,978$15,728$12,981$6,344
18 years$25,454$21,063$17,325$14,174$11,542$5,356
19 years$23,862$19,521$15,860$12,807$10,287$4,530
20 years$22,431$18,140$14,555$11,599$9,189$3,836
21 years$21,139$16,896$13,388$10,527$8,223$3,252
22 years$19,965$15,772$12,339$9,572$7,371$2,760
23 years$18,895$14,751$11,393$8,717$6,616$2,344
24 years$17,915$13,821$10,537$7,950$5,947$1,992
25 years$17,016$12,970$9,759$7,261$5,351$1,694
26 years$16,187$12,190$9,051$6,639$4,820$1,441
27 years$15,420$11,472$8,405$6,077$4,346$1,227
28 years$14,710$10,810$7,813$5,568$3,921$1,045
29 years$14,050$10,198$7,271$5,106$3,541$890
30 years$13,435$9,631$6,773$4,686$3,199$758
31 years$12,861$9,105$6,314$4,303$2,893$646
32 years$12,323$8,615$5,891$3,955$2,617$551
33 years$11,820$8,158$5,500$3,637$2,368$469
34 years$11,347$7,732$5,139$3,346$2,144$400
35 years$10,902$7,334$4,805$3,080$1,942$341
36 years$10,482$6,961$4,495$2,837$1,759$291
37 years$10,087$6,611$4,207$2,614$1,595$248
38 years$9,713$6,283$3,940$2,409$1,446$212
39 years$9,359$5,975$3,691$2,221$1,311$181
40 years$9,023$5,684$3,460$2,049$1,189$154
41 years$8,705$5,411$3,244$1,890$1,079$131
42 years$8,403$5,153$3,043$1,745$979$112
43 years$8,115$4,910$2,856$1,611$888$96
44 years$7,842$4,680$2,680$1,487$806$82
45 years$7,581$4,463$2,517$1,373$732$70
46 years$7,332$4,258$2,364$1,269$665$59
47 years$7,095$4,063$2,221$1,172$604$51
48 years$6,868$3,879$2,087$1,083$548$43
49 years$6,651$3,704$1,962$1,001$498$37
50 years$6,444$3,538$1,844$925$452$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $6,600,000, adding $4,614 every year, while hoping to spend $23,687 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: 72/22/6 Blend
67$6,600,000$6,600,000$6,600,000$6,600,000
68$7,277,959$6,928,159$6,825,859$7,796,366
69$7,995,108$7,242,436$7,029,323$8,453,110
70$8,784,613$7,571,319$7,238,808$9,168,492
71$9,653,828$7,915,498$7,454,493$9,951,037
72$10,610,858$8,275,697$7,676,558$10,807,353
73$11,664,634$8,652,675$7,905,191$11,744,713
74$12,824,996$9,047,226$8,140,585$12,771,119
75$14,102,788$9,460,182$8,382,937$13,895,381
76$15,509,959$9,892,418$8,632,452$15,127,193
77$17,059,675$10,344,846$8,889,339$16,477,225
78$18,766,445$10,818,426$9,153,815$17,957,225
79$20,646,255$11,314,162$9,426,100$19,580,123
80$22,716,723$11,833,107$9,706,425$21,360,154
81$24,997,263$12,376,363$9,995,024$23,312,990
82$27,509,266$12,945,086$10,292,140$25,455,887
83$30,276,305$13,540,490$10,598,020$27,807,844
84$33,324,356$14,163,842$10,912,922$30,389,780
85$36,682,045$14,816,474$11,237,109$33,224,730
86$40,380,914$15,499,782$11,570,853$36,338,063
87$44,455,722$16,215,226$11,914,432$39,757,710
88$48,944,774$16,964,340$12,268,133$43,514,436
89$53,890,277$17,748,730$12,632,252$47,642,120
90$59,338,746$18,570,078$13,007,093$52,178,075
91$65,341,436$19,430,149$13,392,968$57,163,396
92$71,954,829$20,330,794$13,790,200$62,643,346
93$79,241,169$21,273,950$14,199,119$68,667,777
94$87,269,044$22,261,649$14,620,065$75,291,603
95$96,114,039$23,296,022$15,053,389$82,575,307
96$105,859,444$24,379,301$15,499,451$90,585,514
97$116,597,048$25,513,826$15,958,623$99,395,615
98$128,427,994$26,702,052$16,431,285$109,086,453
99$141,463,746$27,946,549$16,917,829$119,747,084
100$155,827,132$29,250,013$17,418,660$131,475,612