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

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$553,280$548,351$543,543$538,850$534,267$531,569
2 years$273,901$268,800$263,856$259,063$254,413$251,690
3 years$180,787$175,664$170,732$165,984$161,410$158,746
4 years$134,239$129,131$124,249$119,582$115,119$112,535
5 years$106,317$101,241$96,423$91,850$87,512$85,015
6 years$87,709$82,671$77,924$73,454$69,245$66,840
7 years$74,423$69,427$64,755$60,390$56,315$54,001
8 years$64,463$59,511$54,917$50,660$46,718$44,497
9 years$56,720$51,815$47,300$43,151$39,344$37,214
10 years$50,529$45,673$41,238$37,197$33,523$31,484
11 years$45,467$40,660$36,305$32,372$28,831$26,881
12 years$41,252$36,494$32,220$28,395$24,984$23,122
13 years$37,689$32,980$28,786$25,068$21,787$20,010
14 years$34,636$29,978$25,864$22,253$19,098$17,406
15 years$31,994$27,385$23,352$19,846$16,815$15,205
16 years$29,684$25,125$21,172$17,770$14,862$13,331
17 years$27,647$23,140$19,266$15,966$13,177$11,724
18 years$25,839$21,382$17,587$14,388$11,717$10,338
19 years$24,224$19,817$16,100$13,001$10,443$9,137
20 years$22,771$18,415$14,776$11,775$9,328$8,091
21 years$21,459$17,152$13,591$10,687$8,348$7,178
22 years$20,267$16,011$12,526$9,717$7,482$6,378
23 years$19,181$14,975$11,566$8,849$6,717$5,674
24 years$18,187$14,031$10,696$8,071$6,037$5,054
25 years$17,274$13,167$9,907$7,371$5,432$4,507
26 years$16,432$12,375$9,188$6,739$4,893$4,022
27 years$15,654$11,646$8,532$6,169$4,412$3,592
28 years$14,933$10,974$7,932$5,652$3,981$3,211
29 years$14,263$10,353$7,381$5,183$3,595$2,872
30 years$13,638$9,777$6,875$4,757$3,248$2,570
31 years$13,055$9,243$6,410$4,369$2,936$2,301
32 years$12,510$8,745$5,980$4,015$2,656$2,062
33 years$11,999$8,282$5,584$3,692$2,404$1,848
34 years$11,519$7,850$5,217$3,397$2,176$1,656
35 years$11,067$7,445$4,878$3,127$1,971$1,485
36 years$10,641$7,067$4,563$2,880$1,786$1,332
37 years$10,239$6,712$4,271$2,654$1,619$1,195
38 years$9,860$6,378$3,999$2,446$1,468$1,073
39 years$9,500$6,065$3,747$2,255$1,331$963
40 years$9,160$5,771$3,512$2,080$1,207$865
41 years$8,837$5,493$3,293$1,919$1,095$776
42 years$8,530$5,231$3,089$1,771$994$697
43 years$8,238$4,984$2,899$1,635$902$626
44 years$7,961$4,751$2,721$1,510$819$563
45 years$7,696$4,531$2,555$1,394$743$506
46 years$7,444$4,322$2,400$1,288$675$454
47 years$7,203$4,125$2,254$1,190$613$408
48 years$6,972$3,938$2,119$1,099$556$367
49 years$6,752$3,760$1,991$1,016$505$330
50 years$6,542$3,592$1,872$939$459$296

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 $2,395 every year, while hoping to spend $52,006 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: 66/21/13 Blend
67$6,700,000$6,700,000$6,700,000$6,700,000
68$7,385,870$7,030,770$6,926,920$7,851,164
69$8,083,895$7,319,944$7,103,638$8,451,034
70$8,851,376$7,621,544$7,284,533$9,100,124
71$9,695,341$7,936,125$7,469,690$9,808,280
72$10,623,536$8,264,266$7,659,195$10,581,274
73$11,644,494$8,606,572$7,853,136$11,425,458
74$12,767,617$8,963,679$8,051,600$12,347,821
75$14,003,263$9,336,248$8,254,678$13,356,056
76$15,362,845$9,724,973$8,462,459$14,458,628
77$16,858,939$10,130,581$8,675,035$15,664,856
78$18,505,401$10,553,829$8,892,498$16,984,999
79$20,317,497$10,995,513$9,114,943$18,430,346
80$22,312,051$11,456,462$9,342,462$20,013,331
81$24,507,597$11,937,545$9,575,152$21,747,638
82$26,924,561$12,439,673$9,813,108$23,648,335
83$29,585,445$12,963,797$10,056,427$25,732,014
84$32,515,050$13,510,912$10,305,206$28,016,943
85$35,740,698$14,082,060$10,559,544$30,523,239
86$39,292,500$14,678,332$10,819,539$33,273,054
87$43,203,633$15,300,867$11,085,291$36,290,785
88$47,510,654$15,950,861$11,356,899$39,603,296
89$52,253,850$16,629,562$11,634,465$43,240,179
90$57,477,611$17,338,279$11,918,087$47,234,019
91$63,230,853$18,078,380$12,207,868$51,620,711
92$69,567,476$18,851,297$12,503,908$56,439,787
93$76,546,878$19,658,530$12,806,309$61,734,792
94$84,234,510$20,501,648$13,115,170$67,553,689
95$92,702,495$21,382,294$13,430,594$73,949,310
96$102,030,312$22,302,189$13,752,681$80,979,855
97$112,305,538$23,263,130$14,081,530$88,709,431
98$123,624,684$24,267,005$14,417,242$97,208,661
99$136,094,098$25,315,784$14,759,916$106,555,342
100$149,830,973$26,411,535$15,109,650$116,835,180