Can I retire at age 68 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$569,796$564,720$559,768$554,935$550,216$543,340
2 years$282,077$276,824$271,732$266,796$262,007$255,089
3 years$186,183$180,907$175,829$170,939$166,228$159,482
4 years$138,246$132,986$127,958$123,152$118,555$112,034
5 years$109,491$104,263$99,301$94,592$90,124$83,845
6 years$90,327$85,138$80,250$75,646$71,312$65,284
7 years$76,644$71,499$66,688$62,193$57,996$52,221
8 years$66,387$61,288$56,557$52,172$48,113$42,591
9 years$58,413$53,362$48,712$44,439$40,518$35,246
10 years$52,037$47,036$42,468$38,307$34,524$29,498
11 years$46,825$41,873$37,389$33,338$29,691$24,908
12 years$42,484$37,583$33,181$29,242$25,730$21,183
13 years$38,814$33,964$29,645$25,817$22,437$18,121
14 years$35,670$30,873$26,637$22,917$19,668$15,576
15 years$32,949$28,203$24,049$20,438$17,317$13,443
16 years$30,570$25,875$21,804$18,300$15,305$11,642
17 years$28,473$23,830$19,841$16,442$13,571$10,111
18 years$26,611$22,020$18,112$14,818$12,066$8,803
19 years$24,947$20,408$16,581$13,389$10,755$7,680
20 years$23,451$18,964$15,217$12,127$9,607$6,712
21 years$22,099$17,665$13,997$11,006$8,597$5,876
22 years$20,872$16,489$12,900$10,007$7,706$5,151
23 years$19,754$15,422$11,911$9,113$6,917$4,520
24 years$18,730$14,449$11,016$8,312$6,217$3,971
25 years$17,789$13,560$10,203$7,591$5,595$3,491
26 years$16,922$12,744$9,463$6,941$5,039$3,072
27 years$16,121$11,994$8,787$6,353$4,543$2,705
28 years$15,379$11,302$8,168$5,821$4,100$2,384
29 years$14,688$10,662$7,601$5,338$3,702$2,101
30 years$14,045$10,069$7,080$4,899$3,345$1,853
31 years$13,445$9,519$6,601$4,499$3,024$1,635
32 years$12,883$9,006$6,159$4,135$2,736$1,443
33 years$12,357$8,529$5,750$3,802$2,476$1,274
34 years$11,862$8,084$5,373$3,498$2,241$1,125
35 years$11,397$7,667$5,023$3,220$2,030$994
36 years$10,959$7,277$4,699$2,966$1,839$878
37 years$10,545$6,912$4,398$2,733$1,667$776
38 years$10,154$6,569$4,119$2,519$1,511$686
39 years$9,784$6,246$3,859$2,322$1,371$606
40 years$9,433$5,943$3,617$2,142$1,243$536
41 years$9,101$5,657$3,392$1,976$1,128$474
42 years$8,785$5,388$3,181$1,824$1,023$419
43 years$8,484$5,133$2,985$1,684$929$371
44 years$8,198$4,893$2,802$1,555$843$328
45 years$7,926$4,666$2,631$1,436$765$290
46 years$7,666$4,451$2,471$1,326$695$256
47 years$7,418$4,248$2,322$1,225$631$227
48 years$7,180$4,055$2,182$1,132$573$201
49 years$6,954$3,872$2,051$1,046$520$178
50 years$6,737$3,699$1,928$967$473$157

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $6,900,000, adding $5,645 every year, while hoping to spend $20,531 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: 27/50/23 Blend
67$6,900,000$6,900,000$6,900,000$6,900,000
68$7,609,623$7,243,923$7,136,973$7,759,751
69$8,363,960$7,577,030$7,354,217$8,212,204
70$9,194,550$7,925,772$7,578,050$8,695,500
71$10,109,152$8,290,892$7,808,672$9,213,999
72$11,116,310$8,673,171$8,046,287$9,770,700
73$12,225,444$9,073,426$8,291,108$10,368,886
74$13,446,930$9,492,515$8,543,351$11,012,145
75$14,792,205$9,931,335$8,803,241$11,704,404
76$16,273,868$10,390,829$9,071,008$12,449,962
77$17,905,806$10,871,984$9,346,890$13,253,524
78$19,703,320$11,375,832$9,631,133$14,120,244
79$21,683,271$11,903,460$9,923,988$15,055,766
80$23,864,238$12,456,004$10,225,715$16,066,279
81$26,266,696$13,034,654$10,536,582$17,158,560
82$28,913,207$13,640,659$10,856,865$18,340,046
83$31,828,631$14,275,329$11,186,848$19,618,885
84$35,040,367$14,940,035$11,526,823$21,004,021
85$38,578,604$15,636,217$11,877,091$22,505,261
86$42,476,611$16,365,381$12,237,963$24,133,369
87$46,771,049$17,129,108$12,609,758$25,900,159
88$51,502,317$17,929,056$12,992,806$27,818,597
89$56,714,934$18,766,960$13,387,446$29,902,922
90$62,457,959$19,644,642$13,794,026$32,168,768
91$68,785,452$20,564,011$14,212,908$34,633,308
92$75,756,988$21,527,067$14,644,460$37,315,406
93$83,438,216$22,535,909$15,089,065$40,235,785
94$91,901,482$23,592,736$15,547,116$43,417,218
95$101,226,506$24,699,853$16,019,017$46,884,731
96$111,501,141$25,859,678$16,505,186$50,665,831
97$122,822,200$27,074,744$17,006,052$54,790,754
98$135,296,366$28,347,709$17,522,057$59,292,743
99$149,041,206$29,681,357$18,053,656$64,208,346
100$164,186,275$31,078,610$18,601,320$69,577,755