Can I retire at age 68 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$553,280$548,351$543,543$538,850$534,267$521,988
2 years$273,901$268,800$263,856$259,063$254,413$242,109
3 years$180,787$175,664$170,732$165,984$161,410$149,467
4 years$134,239$129,131$124,249$119,582$115,119$103,628
5 years$106,317$101,241$96,423$91,850$87,512$76,505
6 years$87,709$82,671$77,924$73,454$69,245$58,734
7 years$74,423$69,427$64,755$60,390$56,315$46,301
8 years$64,463$59,511$54,917$50,660$46,718$37,199
9 years$56,720$51,815$47,300$43,151$39,344$30,310
10 years$50,529$45,673$41,238$37,197$33,523$24,966
11 years$45,467$40,660$36,305$32,372$28,831$20,739
12 years$41,252$36,494$32,220$28,395$24,984$17,344
13 years$37,689$32,980$28,786$25,068$21,787$14,584
14 years$34,636$29,978$25,864$22,253$19,098$12,318
15 years$31,994$27,385$23,352$19,846$16,815$10,443
16 years$29,684$25,125$21,172$17,770$14,862$8,880
17 years$27,647$23,140$19,266$15,966$13,177$7,570
18 years$25,839$21,382$17,587$14,388$11,717$6,467
19 years$24,224$19,817$16,100$13,001$10,443$5,535
20 years$22,771$18,415$14,776$11,775$9,328$4,745
21 years$21,459$17,152$13,591$10,687$8,348$4,073
22 years$20,267$16,011$12,526$9,717$7,482$3,499
23 years$19,181$14,975$11,566$8,849$6,717$3,010
24 years$18,187$14,031$10,696$8,071$6,037$2,591
25 years$17,274$13,167$9,907$7,371$5,432$2,231
26 years$16,432$12,375$9,188$6,739$4,893$1,923
27 years$15,654$11,646$8,532$6,169$4,412$1,658
28 years$14,933$10,974$7,932$5,652$3,981$1,431
29 years$14,263$10,353$7,381$5,183$3,595$1,235
30 years$13,638$9,777$6,875$4,757$3,248$1,066
31 years$13,055$9,243$6,410$4,369$2,936$920
32 years$12,510$8,745$5,980$4,015$2,656$795
33 years$11,999$8,282$5,584$3,692$2,404$687
34 years$11,519$7,850$5,217$3,397$2,176$593
35 years$11,067$7,445$4,878$3,127$1,971$513
36 years$10,641$7,067$4,563$2,880$1,786$443
37 years$10,239$6,712$4,271$2,654$1,619$383
38 years$9,860$6,378$3,999$2,446$1,468$331
39 years$9,500$6,065$3,747$2,255$1,331$286
40 years$9,160$5,771$3,512$2,080$1,207$248
41 years$8,837$5,493$3,293$1,919$1,095$214
42 years$8,530$5,231$3,089$1,771$994$185
43 years$8,238$4,984$2,899$1,635$902$160
44 years$7,961$4,751$2,721$1,510$819$138
45 years$7,696$4,531$2,555$1,394$743$120
46 years$7,444$4,322$2,400$1,288$675$104
47 years$7,203$4,125$2,254$1,190$613$90
48 years$6,972$3,938$2,119$1,099$556$77
49 years$6,752$3,760$1,991$1,016$505$67
50 years$6,542$3,592$1,872$939$459$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $6,700,000, adding $4,635 every year, while hoping to spend $37,309 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: 35/40/25 Blend
67$6,700,000$6,700,000$6,700,000$6,700,000
68$7,388,181$7,033,081$6,929,231$7,590,738
69$8,102,079$7,338,005$7,121,664$8,046,587
70$8,887,544$7,656,621$7,319,293$8,534,373
71$9,751,837$7,989,558$7,522,252$9,059,954
72$10,702,957$8,337,480$7,730,680$9,626,726
73$11,749,719$8,701,077$7,944,719$10,238,417
74$12,901,835$9,081,074$8,164,511$10,899,114
75$14,170,007$9,478,231$8,390,207$11,613,302
76$15,566,026$9,893,343$8,621,958$12,385,902
77$17,102,886$10,327,242$8,859,918$13,222,314
78$18,794,902$10,780,799$9,104,248$14,128,469
79$20,657,852$11,254,927$9,355,109$15,110,874
80$22,709,116$11,750,583$9,612,669$16,176,680
81$24,967,852$12,268,767$9,877,099$17,333,738
82$27,455,163$12,810,527$10,148,573$18,590,674
83$30,194,310$13,376,963$10,427,270$19,956,967
84$33,210,919$13,969,223$10,713,372$21,443,030
85$36,533,231$14,588,513$11,007,069$23,060,310
86$40,192,364$15,236,095$11,308,550$24,821,389
87$44,222,611$15,913,289$11,618,012$26,740,099
88$48,661,758$16,621,481$11,935,656$28,831,645
89$53,551,444$17,362,120$12,261,687$31,112,751
90$58,937,552$18,136,725$12,596,314$33,601,804
91$64,870,645$18,946,887$12,939,754$36,319,031
92$71,406,440$19,794,274$13,292,224$39,286,678
93$78,606,334$20,680,630$13,653,951$42,529,216
94$86,537,985$21,607,786$14,025,163$46,073,568
95$95,275,949$22,577,657$14,406,096$49,949,355
96$104,902,385$23,592,251$14,796,989$54,189,170
97$115,507,829$24,653,672$15,198,088$58,828,880
98$127,192,047$25,764,122$15,609,644$63,907,953
99$140,064,983$26,925,910$16,031,914$69,469,831
100$154,247,787$28,141,456$16,465,159$75,562,323