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%12.5%
1 years$561,538$556,536$551,656$546,893$542,242$536,579
2 years$277,989$272,812$267,794$262,929$258,210$252,508
3 years$183,485$178,285$173,280$168,461$163,819$158,254
4 years$136,242$131,059$126,104$121,367$116,837$111,452
5 years$107,904$102,752$97,862$93,221$88,818$83,628
6 years$89,018$83,904$79,087$74,550$70,279$65,291
7 years$75,534$70,463$65,722$61,292$57,155$52,372
8 years$65,425$60,400$55,737$51,416$47,416$42,836
9 years$57,566$52,589$48,006$43,795$39,931$35,554
10 years$51,283$46,354$41,853$37,752$34,023$29,845
11 years$46,146$41,267$36,847$32,855$29,261$25,279
12 years$41,868$37,039$32,701$28,819$25,357$21,567
13 years$38,251$33,472$29,216$25,442$22,112$18,510
14 years$35,153$30,425$26,250$22,585$19,383$15,964
15 years$32,471$27,794$23,701$20,142$17,066$13,824
16 years$30,127$25,500$21,488$18,035$15,083$12,013
17 years$28,060$23,485$19,553$16,204$13,374$10,470
18 years$26,225$21,701$17,850$14,603$11,891$9,148
19 years$24,585$20,112$16,341$13,195$10,599$8,010
20 years$23,111$18,689$14,997$11,951$9,467$7,027
21 years$21,779$17,408$13,794$10,846$8,472$6,174
22 years$20,570$16,250$12,713$9,862$7,594$5,433
23 years$19,467$15,198$11,738$8,981$6,817$4,786
24 years$18,458$14,240$10,856$8,191$6,127$4,221
25 years$17,531$13,364$10,055$7,481$5,514$3,726
26 years$16,677$12,560$9,325$6,840$4,966$3,291
27 years$15,888$11,820$8,659$6,261$4,478$2,910
28 years$15,156$11,138$8,050$5,736$4,040$2,574
29 years$14,476$10,507$7,491$5,260$3,648$2,278
30 years$13,842$9,923$6,978$4,828$3,296$2,018
31 years$13,250$9,381$6,505$4,434$2,980$1,787
32 years$12,697$8,876$6,070$4,075$2,696$1,584
33 years$12,178$8,406$5,667$3,747$2,440$1,404
34 years$11,690$7,967$5,295$3,448$2,209$1,246
35 years$11,232$7,556$4,950$3,174$2,001$1,105
36 years$10,800$7,172$4,631$2,923$1,813$980
37 years$10,392$6,812$4,335$2,693$1,643$870
38 years$10,007$6,474$4,059$2,482$1,489$772
39 years$9,642$6,156$3,803$2,289$1,351$686
40 years$9,297$5,857$3,565$2,111$1,225$609
41 years$8,969$5,575$3,342$1,948$1,111$540
42 years$8,657$5,309$3,135$1,798$1,009$480
43 years$8,361$5,059$2,942$1,659$915$426
44 years$8,079$4,822$2,762$1,532$831$379
45 years$7,811$4,598$2,593$1,415$754$336
46 years$7,555$4,387$2,435$1,307$685$299
47 years$7,310$4,186$2,288$1,208$622$266
48 years$7,076$3,996$2,150$1,116$565$236
49 years$6,853$3,816$2,021$1,031$513$210
50 years$6,639$3,645$1,900$953$466$186

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 $3,940 every year, while hoping to spend $29,448 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: 67/13/20 Blend
67$6,800,000$6,800,000$6,800,000$6,800,000
68$7,497,664$7,137,264$7,031,864$7,962,289
69$8,231,093$7,455,658$7,236,099$8,592,326
70$9,038,346$7,788,665$7,446,189$9,277,271
71$9,926,919$8,136,973$7,662,299$10,025,592
72$10,905,077$8,501,297$7,884,598$10,843,523
73$11,981,925$8,882,389$8,113,262$11,737,924
74$13,167,493$9,281,038$8,348,468$12,716,349
75$14,472,836$9,698,068$8,590,401$13,787,108
76$15,910,136$10,134,344$8,839,250$14,959,353
77$17,492,814$10,590,771$9,095,209$16,243,157
78$19,235,660$11,068,298$9,358,477$17,649,611
79$21,154,972$11,567,920$9,629,261$19,190,926
80$23,268,708$12,090,676$9,907,770$20,880,548
81$25,596,657$12,637,660$10,194,221$22,733,280
82$28,160,625$13,210,014$10,488,836$24,765,425
83$30,984,640$13,808,936$10,791,843$26,994,935
84$34,095,181$14,435,682$11,103,477$29,441,580
85$37,521,425$15,091,566$11,423,980$32,127,132
86$41,295,526$15,777,968$11,753,599$35,075,570
87$45,452,912$16,496,331$12,092,587$38,313,303
88$50,032,627$17,248,170$12,441,207$41,869,419
89$55,077,694$18,035,069$12,799,726$45,775,953
90$60,635,523$18,858,691$13,168,420$50,068,196
91$66,758,357$19,720,777$13,547,573$54,785,017
92$73,503,767$20,623,153$13,937,475$59,969,232
93$80,935,195$21,567,732$14,338,424$65,668,005
94$89,122,551$22,556,517$14,750,727$71,933,290
95$98,142,874$23,591,609$15,174,700$78,822,321
96$108,081,060$24,675,210$15,610,665$86,398,146
97$119,030,660$25,809,628$16,058,954$94,730,221
98$131,094,768$26,997,280$16,519,909$103,895,065
99$144,386,988$28,240,701$16,993,881$113,976,976
100$159,032,513$29,542,547$17,481,227$125,068,823