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

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$545,022$540,167$535,431$530,807$526,293$512,323
2 years$269,813$264,788$259,918$255,196$250,616$236,639
3 years$178,088$173,042$168,184$163,506$159,001$145,455
4 years$132,235$127,204$122,395$117,797$113,401$100,389
5 years$104,731$99,729$94,983$90,480$86,206$73,764
6 years$86,400$81,437$76,761$72,357$68,211$56,352
7 years$73,312$68,390$63,789$59,489$55,474$44,198
8 years$63,500$58,623$54,098$49,904$46,021$35,323
9 years$55,873$51,042$46,594$42,507$38,757$28,626
10 years$49,775$44,991$40,622$36,641$33,022$23,447
11 years$44,789$40,053$35,763$31,889$28,400$19,365
12 years$40,637$35,949$31,739$27,971$24,611$16,100
13 years$37,126$32,488$28,356$24,694$21,461$13,457
14 years$34,119$29,530$25,478$21,921$18,813$11,296
15 years$31,516$26,977$23,004$19,549$16,564$9,516
16 years$29,240$24,750$20,856$17,504$14,640$8,040
17 years$27,235$22,794$18,978$15,728$12,981$6,810
18 years$25,454$21,063$17,325$14,174$11,542$5,779
19 years$23,862$19,521$15,860$12,807$10,287$4,913
20 years$22,431$18,140$14,555$11,599$9,189$4,183
21 years$21,139$16,896$13,388$10,527$8,223$3,566
22 years$19,965$15,772$12,339$9,572$7,371$3,042
23 years$18,895$14,751$11,393$8,717$6,616$2,598
24 years$17,915$13,821$10,537$7,950$5,947$2,221
25 years$17,016$12,970$9,759$7,261$5,351$1,899
26 years$16,187$12,190$9,051$6,639$4,820$1,625
27 years$15,420$11,472$8,405$6,077$4,346$1,391
28 years$14,710$10,810$7,813$5,568$3,921$1,191
29 years$14,050$10,198$7,271$5,106$3,541$1,020
30 years$13,435$9,631$6,773$4,686$3,199$874
31 years$12,861$9,105$6,314$4,303$2,893$749
32 years$12,323$8,615$5,891$3,955$2,617$643
33 years$11,820$8,158$5,500$3,637$2,368$551
34 years$11,347$7,732$5,139$3,346$2,144$472
35 years$10,902$7,334$4,805$3,080$1,942$405
36 years$10,482$6,961$4,495$2,837$1,759$348
37 years$10,087$6,611$4,207$2,614$1,595$298
38 years$9,713$6,283$3,940$2,409$1,446$256
39 years$9,359$5,975$3,691$2,221$1,311$220
40 years$9,023$5,684$3,460$2,049$1,189$188
41 years$8,705$5,411$3,244$1,890$1,079$162
42 years$8,403$5,153$3,043$1,745$979$139
43 years$8,115$4,910$2,856$1,611$888$119
44 years$7,842$4,680$2,680$1,487$806$102
45 years$7,581$4,463$2,517$1,373$732$88
46 years$7,332$4,258$2,364$1,269$665$75
47 years$7,095$4,063$2,221$1,172$604$65
48 years$6,868$3,879$2,087$1,083$548$55
49 years$6,651$3,704$1,962$1,001$498$48
50 years$6,444$3,538$1,844$925$452$41

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 $5,224 every year, while hoping to spend $26,887 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: 43/36/21 Blend
67$6,600,000$6,600,000$6,600,000$6,600,000
68$7,278,589$6,928,789$6,826,489$7,546,837
69$7,992,397$7,239,692$7,026,568$8,048,246
70$8,778,113$7,564,928$7,232,450$8,588,133
71$9,643,042$7,905,171$7,444,299$9,172,520
72$10,595,235$8,261,127$7,662,286$9,805,526
73$11,643,563$8,633,537$7,886,586$10,491,672
74$12,797,801$9,023,174$8,117,380$11,235,922
75$14,068,718$9,430,851$8,354,854$12,043,727
76$15,468,183$9,857,419$8,599,198$12,921,072
77$17,009,274$10,303,768$8,850,608$13,874,534
78$18,706,402$10,770,835$9,109,284$14,911,339
79$20,575,445$11,259,596$9,375,436$16,039,425
80$22,633,902$11,771,077$9,649,274$17,267,518
81$24,901,054$12,306,354$9,931,019$18,605,208
82$27,398,148$12,866,552$10,220,894$20,063,037
83$30,148,597$13,452,851$10,519,132$21,652,595
84$33,178,200$14,066,487$10,825,970$23,386,627
85$36,515,388$14,708,757$11,141,652$25,279,146
86$40,191,490$15,381,018$11,466,429$27,345,565
87$44,241,027$16,084,693$11,800,559$29,602,837
88$48,702,041$16,821,273$12,144,308$32,069,609
89$53,616,455$17,592,321$12,497,948$34,766,395
90$59,030,464$18,399,475$12,861,759$37,715,766
91$64,994,973$19,244,450$13,236,030$40,942,553
92$71,566,079$20,129,047$13,621,056$44,474,082
93$78,805,599$21,055,150$14,017,141$48,340,425
94$86,781,653$22,024,736$14,424,598$52,574,675
95$95,569,307$23,039,874$14,843,748$57,213,254
96$105,251,284$24,102,735$15,274,921$62,296,253
97$115,918,741$25,215,595$15,718,457$67,867,800
98$127,672,131$26,380,838$16,174,704$73,976,472
99$140,622,152$27,600,962$16,644,020$80,675,747
100$154,890,790$28,878,588$17,126,773$88,024,497