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%14.7%
1 years$594,569$589,273$584,106$579,063$574,138$563,006
2 years$294,341$288,859$283,547$278,396$273,399$262,229
3 years$194,278$188,773$183,473$178,371$173,456$162,596
4 years$144,257$138,768$133,522$128,506$123,710$113,244
5 years$114,251$108,796$103,618$98,705$94,042$84,000
6 years$94,255$88,840$83,739$78,935$74,413$64,805
7 years$79,977$74,608$69,587$64,897$60,517$51,347
8 years$69,273$63,953$59,016$54,440$50,205$41,469
9 years$60,953$55,682$50,830$46,371$42,280$33,973
10 years$54,300$49,081$44,315$39,972$36,025$28,138
11 years$48,860$43,694$39,014$34,788$30,982$23,508
12 years$44,331$39,217$34,624$30,514$26,849$19,775
13 years$40,501$35,441$30,934$26,939$23,413$16,728
14 years$37,221$32,215$27,795$23,913$20,523$14,216
15 years$34,381$29,429$25,095$21,327$18,070$12,127
16 years$31,899$27,000$22,752$19,096$15,971$10,378
17 years$29,711$24,866$20,704$17,157$14,161$8,905
18 years$27,768$22,978$18,900$15,462$12,591$7,658
19 years$26,031$21,296$17,302$13,971$11,223$6,598
20 years$24,471$19,789$15,879$12,654$10,024$5,695
21 years$23,060$18,433$14,605$11,484$8,971$4,921
22 years$21,780$17,206$13,461$10,442$8,041$4,258
23 years$20,613$16,092$12,429$9,509$7,218$3,688
24 years$19,544$15,078$11,495$8,673$6,488$3,197
25 years$18,563$14,150$10,646$7,921$5,838$2,774
26 years$17,658$13,298$9,874$7,242$5,259$2,408
27 years$16,822$12,515$9,169$6,629$4,741$2,091
28 years$16,047$11,793$8,524$6,074$4,278$1,818
29 years$15,327$11,125$7,932$5,570$3,863$1,580
30 years$14,656$10,507$7,388$5,112$3,490$1,374
31 years$14,030$9,932$6,888$4,695$3,156$1,196
32 years$13,444$9,398$6,427$4,314$2,854$1,040
33 years$12,894$8,900$6,000$3,968$2,583$906
34 years$12,378$8,435$5,606$3,650$2,339$788
35 years$11,893$8,001$5,242$3,360$2,118$687
36 years$11,435$7,594$4,903$3,095$1,919$598
37 years$11,004$7,212$4,590$2,852$1,740$521
38 years$10,596$6,854$4,298$2,628$1,577$454
39 years$10,209$6,518$4,027$2,423$1,430$395
40 years$9,844$6,201$3,774$2,235$1,297$344
41 years$9,496$5,903$3,539$2,062$1,177$300
42 years$9,167$5,622$3,320$1,903$1,068$262
43 years$8,853$5,356$3,115$1,757$969$228
44 years$8,555$5,106$2,924$1,622$880$199
45 years$8,270$4,869$2,746$1,498$799$173
46 years$7,999$4,645$2,579$1,384$725$151
47 years$7,740$4,432$2,423$1,279$658$132
48 years$7,493$4,231$2,277$1,181$598$115
49 years$7,256$4,041$2,140$1,092$543$100
50 years$7,030$3,860$2,012$1,009$493$87

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 $3,153 every year, while hoping to spend $50,151 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: 67/18/15 Blend
67$7,200,000$7,200,000$7,200,000$7,200,000
68$7,937,652$7,556,052$7,444,452$8,441,229
69$8,693,933$7,872,939$7,640,481$9,094,497
70$9,525,673$8,203,671$7,841,396$9,802,338
71$10,440,516$8,548,876$8,047,308$10,575,050
72$11,446,886$8,909,208$8,258,330$11,418,991
73$12,554,060$9,285,351$8,474,576$12,341,160
74$13,772,263$9,678,022$8,696,163$13,349,261
75$15,112,760$10,087,972$8,923,211$14,451,769
76$16,587,963$10,515,984$9,155,840$15,658,018
77$18,211,549$10,962,881$9,394,174$16,978,278
78$19,998,586$11,429,521$9,638,338$18,423,859
79$21,965,679$11,916,804$9,888,459$20,007,209
80$24,131,123$12,425,673$10,144,667$21,742,034
81$26,515,078$12,957,112$10,407,094$23,643,427
82$29,139,758$13,512,152$10,675,874$25,728,004
83$32,029,640$14,091,874$10,951,142$28,014,063
84$35,211,695$14,697,408$11,233,038$30,521,752
85$38,715,643$15,329,936$11,521,700$33,273,261
86$42,574,233$15,990,697$11,817,271$36,293,025
87$46,823,552$16,680,988$12,119,896$39,607,957
88$51,503,364$17,402,166$12,429,722$43,247,693
89$56,657,486$18,155,651$12,746,897$47,244,880
90$62,334,203$18,942,932$13,071,572$51,635,472
91$68,586,722$19,765,565$13,403,899$56,459,070
92$75,473,672$20,625,182$13,744,034$61,759,296
93$83,059,660$21,523,490$14,092,133$67,584,200
94$91,415,882$22,462,277$14,448,356$73,986,708
95$100,620,788$23,443,415$14,812,862$81,025,124
96$110,760,830$24,468,864$15,185,814$88,763,674
97$121,931,272$25,540,677$15,567,377$97,273,110
98$134,237,095$26,661,002$15,957,717$106,631,372
99$147,793,979$27,832,092$16,357,001$116,924,326
100$162,729,404$29,056,304$16,765,400$128,246,566