Can I retire at age 68 with 6,800,000?

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 $6,800,000?

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$561,538$556,536$551,656$546,893$542,242$524,464
2 years$277,989$272,812$267,794$262,929$258,210$240,470
3 years$183,485$178,285$173,280$168,461$163,819$146,672
4 years$136,242$131,059$126,104$121,367$116,837$100,415
5 years$107,904$102,752$97,862$93,221$88,818$73,164
6 years$89,018$83,904$79,087$74,550$70,279$55,406
7 years$75,534$70,463$65,722$61,292$57,155$43,063
8 years$65,425$60,400$55,737$51,416$47,416$34,093
9 years$57,566$52,589$48,006$43,795$39,931$27,362
10 years$51,283$46,354$41,853$37,752$34,023$22,188
11 years$46,146$41,267$36,847$32,855$29,261$18,138
12 years$41,868$37,039$32,701$28,819$25,357$14,921
13 years$38,251$33,472$29,216$25,442$22,112$12,337
14 years$35,153$30,425$26,250$22,585$19,383$10,242
15 years$32,471$27,794$23,701$20,142$17,066$8,531
16 years$30,127$25,500$21,488$18,035$15,083$7,126
17 years$28,060$23,485$19,553$16,204$13,374$5,965
18 years$26,225$21,701$17,850$14,603$11,891$5,003
19 years$24,585$20,112$16,341$13,195$10,599$4,202
20 years$23,111$18,689$14,997$11,951$9,467$3,534
21 years$21,779$17,408$13,794$10,846$8,472$2,975
22 years$20,570$16,250$12,713$9,862$7,594$2,507
23 years$19,467$15,198$11,738$8,981$6,817$2,115
24 years$18,458$14,240$10,856$8,191$6,127$1,784
25 years$17,531$13,364$10,055$7,481$5,514$1,507
26 years$16,677$12,560$9,325$6,840$4,966$1,273
27 years$15,888$11,820$8,659$6,261$4,478$1,075
28 years$15,156$11,138$8,050$5,736$4,040$909
29 years$14,476$10,507$7,491$5,260$3,648$769
30 years$13,842$9,923$6,978$4,828$3,296$650
31 years$13,250$9,381$6,505$4,434$2,980$550
32 years$12,697$8,876$6,070$4,075$2,696$465
33 years$12,178$8,406$5,667$3,747$2,440$393
34 years$11,690$7,967$5,295$3,448$2,209$333
35 years$11,232$7,556$4,950$3,174$2,001$282
36 years$10,800$7,172$4,631$2,923$1,813$238
37 years$10,392$6,812$4,335$2,693$1,643$202
38 years$10,007$6,474$4,059$2,482$1,489$171
39 years$9,642$6,156$3,803$2,289$1,351$145
40 years$9,297$5,857$3,565$2,111$1,225$122
41 years$8,969$5,575$3,342$1,948$1,111$104
42 years$8,657$5,309$3,135$1,798$1,009$88
43 years$8,361$5,059$2,942$1,659$915$74
44 years$8,079$4,822$2,762$1,532$831$63
45 years$7,811$4,598$2,593$1,415$754$53
46 years$7,555$4,387$2,435$1,307$685$45
47 years$7,310$4,186$2,288$1,208$622$38
48 years$7,076$3,996$2,150$1,116$565$32
49 years$6,853$3,816$2,021$1,031$513$27
50 years$6,639$3,645$1,900$953$466$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $6,800,000, adding $6,270 every year, while hoping to spend $24,872 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: 50/37/13 Blend
67$6,800,000$6,800,000$6,800,000$6,800,000
68$7,500,068$7,139,668$7,034,268$7,848,270
69$8,238,611$7,463,048$7,243,452$8,411,246
70$9,051,652$7,801,440$7,458,810$9,019,567
71$9,946,763$8,155,553$7,680,523$9,680,067
72$10,932,289$8,526,131$7,908,777$10,397,657
73$12,017,424$8,913,953$8,143,762$11,177,730
74$13,212,298$9,319,834$8,385,675$12,026,212
75$14,528,077$9,744,630$8,634,719$12,949,613
76$15,977,060$10,189,236$8,891,102$13,955,089
77$17,572,805$10,654,593$9,155,038$15,050,500
78$19,330,246$11,141,684$9,426,748$16,244,489
79$21,265,845$11,651,540$9,706,458$17,546,556
80$23,397,739$12,185,243$9,994,401$18,967,145
81$25,745,912$12,743,924$10,290,818$20,517,741
82$28,332,391$13,328,771$10,595,956$22,210,973
83$31,181,442$13,941,029$10,910,068$24,060,730
84$34,319,810$14,582,000$11,233,416$26,082,289
85$37,776,964$15,253,051$11,566,268$28,292,454
86$41,585,378$15,955,615$11,908,902$30,709,711
87$45,780,838$16,691,192$12,261,602$33,354,400
88$50,402,779$17,461,355$12,624,661$36,248,899
89$55,494,654$18,267,753$12,998,379$39,417,831
90$61,104,351$19,112,116$13,383,067$42,888,295
91$67,284,638$19,996,253$13,779,043$46,690,112
92$74,093,665$20,922,063$14,186,635$50,856,104
93$81,595,512$21,891,537$14,606,180$55,422,396
94$89,860,793$22,906,760$15,038,026$60,428,754
95$98,967,321$23,969,920$15,482,527$65,918,950
96$109,000,849$25,083,307$15,940,053$71,941,170
97$120,055,871$26,249,324$16,410,980$78,548,466
98$132,236,518$27,470,489$16,895,696$85,799,244
99$145,657,543$28,749,443$17,394,602$93,757,810
100$160,445,398$30,088,951$17,908,107$102,494,969