Can I retire at age 68 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$594,569$589,273$584,106$579,063$574,138$557,997
2 years$294,341$288,859$283,547$278,396$273,399$257,260
3 years$194,278$188,773$183,473$178,371$173,456$157,824
4 years$144,257$138,768$133,522$128,506$123,710$108,706
5 years$114,251$108,796$103,618$98,705$94,042$79,707
6 years$94,255$88,840$83,739$78,935$74,413$60,760
7 years$79,977$74,608$69,587$64,897$60,517$47,547
8 years$69,273$63,953$59,016$54,440$50,205$37,910
9 years$60,953$55,682$50,830$46,371$42,280$30,648
10 years$54,300$49,081$44,315$39,972$36,025$25,041
11 years$48,860$43,694$39,014$34,788$30,982$20,629
12 years$44,331$39,217$34,624$30,514$26,849$17,106
13 years$40,501$35,441$30,934$26,939$23,413$14,259
14 years$37,221$32,215$27,795$23,913$20,523$11,936
15 years$34,381$29,429$25,095$21,327$18,070$10,027
16 years$31,899$27,000$22,752$19,096$15,971$8,448
17 years$29,711$24,866$20,704$17,157$14,161$7,134
18 years$27,768$22,978$18,900$15,462$12,591$6,037
19 years$26,031$21,296$17,302$13,971$11,223$5,117
20 years$24,471$19,789$15,879$12,654$10,024$4,343
21 years$23,060$18,433$14,605$11,484$8,971$3,691
22 years$21,780$17,206$13,461$10,442$8,041$3,139
23 years$20,613$16,092$12,429$9,509$7,218$2,673
24 years$19,544$15,078$11,495$8,673$6,488$2,277
25 years$18,563$14,150$10,646$7,921$5,838$1,941
26 years$17,658$13,298$9,874$7,242$5,259$1,655
27 years$16,822$12,515$9,169$6,629$4,741$1,412
28 years$16,047$11,793$8,524$6,074$4,278$1,206
29 years$15,327$11,125$7,932$5,570$3,863$1,029
30 years$14,656$10,507$7,388$5,112$3,490$879
31 years$14,030$9,932$6,888$4,695$3,156$751
32 years$13,444$9,398$6,427$4,314$2,854$642
33 years$12,894$8,900$6,000$3,968$2,583$548
34 years$12,378$8,435$5,606$3,650$2,339$469
35 years$11,893$8,001$5,242$3,360$2,118$401
36 years$11,435$7,594$4,903$3,095$1,919$343
37 years$11,004$7,212$4,590$2,852$1,740$293
38 years$10,596$6,854$4,298$2,628$1,577$250
39 years$10,209$6,518$4,027$2,423$1,430$214
40 years$9,844$6,201$3,774$2,235$1,297$183
41 years$9,496$5,903$3,539$2,062$1,177$157
42 years$9,167$5,622$3,320$1,903$1,068$134
43 years$8,853$5,356$3,115$1,757$969$115
44 years$8,555$5,106$2,924$1,622$880$98
45 years$8,270$4,869$2,746$1,498$799$84
46 years$7,999$4,645$2,579$1,384$725$72
47 years$7,740$4,432$2,423$1,279$658$61
48 years$7,493$4,231$2,277$1,181$598$52
49 years$7,256$4,041$2,140$1,092$543$45
50 years$7,030$3,860$2,012$1,009$493$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $7,200,000, adding $4,993 every year, while hoping to spend $54,286 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: 68/11/21 Blend
67$7,200,000$7,200,000$7,200,000$7,200,000
68$7,939,550$7,557,950$7,446,350$8,437,391
69$8,691,625$7,870,530$7,638,043$9,083,783
70$9,518,591$8,196,607$7,834,338$9,783,856
71$10,428,031$8,536,784$8,035,333$10,548,384
72$11,428,298$8,891,695$8,241,124$11,383,719
73$12,528,596$9,261,999$8,451,813$12,296,858
74$13,739,064$9,648,388$8,667,500$13,295,500
75$15,070,876$10,051,586$8,888,288$14,388,124
76$16,536,340$10,472,349$9,114,281$15,584,064
77$18,149,022$10,911,469$9,345,585$16,893,598
78$19,923,865$11,369,774$9,582,304$18,328,046
79$21,877,337$11,848,131$9,824,549$19,899,869
80$24,027,582$12,347,446$10,072,428$21,622,794
81$26,394,592$12,868,668$10,326,052$23,511,936
82$29,000,399$13,412,790$10,585,533$25,583,941
83$31,869,274$13,980,852$10,850,983$27,857,145
84$35,027,966$14,573,940$11,122,517$30,351,741
85$38,505,947$15,193,192$11,400,250$33,089,971
86$42,335,695$15,839,798$11,684,299$36,096,336
87$46,552,993$16,515,006$11,974,781$39,397,820
88$51,197,277$17,220,120$12,271,814$43,024,150
89$56,311,997$17,956,504$12,575,518$47,008,071
90$61,945,036$18,725,588$12,886,013$51,385,654
91$68,149,155$19,528,867$13,203,420$56,196,637
92$74,982,495$20,367,908$13,527,860$61,484,795
93$82,509,122$21,244,348$13,859,457$67,298,352
94$90,799,636$22,159,904$14,198,331$73,690,438
95$99,931,831$23,116,371$14,544,607$80,719,584
96$109,991,434$24,115,631$14,898,409$88,450,274
97$121,072,914$25,159,650$15,259,859$96,953,552
98$133,280,369$26,250,491$15,629,082$106,307,692
99$146,728,512$27,390,310$16,006,202$116,598,930
100$161,543,753$28,581,367$16,391,342$127,922,280