Can I retire at age 68 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$602,827$597,458$592,219$587,105$582,112$575,554
2 years$298,429$292,871$287,485$282,262$277,196$270,594
3 years$196,977$191,395$186,022$180,848$175,865$169,424
4 years$146,260$140,695$135,376$130,291$125,428$119,198
5 years$115,838$110,307$105,057$100,076$95,349$89,347
6 years$95,564$90,074$84,902$80,031$75,446$69,681
7 years$81,087$75,644$70,554$65,798$61,358$55,831
8 years$70,235$64,841$59,835$55,197$50,902$45,613
9 years$61,799$56,456$51,536$47,015$42,867$37,814
10 years$55,054$49,763$44,930$40,528$36,525$31,705
11 years$49,539$44,301$39,556$35,271$31,413$26,821
12 years$44,947$39,762$35,105$30,938$27,221$22,854
13 years$41,064$35,933$31,364$27,313$23,738$19,588
14 years$37,738$32,662$28,181$24,246$20,808$16,871
15 years$34,859$29,838$25,443$21,623$18,321$14,591
16 years$32,342$27,376$23,068$19,361$16,192$12,662
17 years$30,123$25,212$20,991$17,396$14,357$11,020
18 years$28,153$23,297$19,162$15,677$12,766$9,615
19 years$26,393$21,591$17,542$14,165$11,378$8,406
20 years$24,810$20,064$16,099$12,830$10,163$7,364
21 years$23,381$18,689$14,808$11,644$9,095$6,461
22 years$22,082$17,445$13,648$10,587$8,153$5,676
23 years$20,899$16,316$12,602$9,642$7,318$4,993
24 years$19,816$15,287$11,654$8,794$6,578$4,396
25 years$18,821$14,346$10,794$8,031$5,919$3,875
26 years$17,904$13,483$10,011$7,343$5,332$3,418
27 years$17,056$12,689$9,296$6,721$4,807$3,017
28 years$16,270$11,957$8,642$6,158$4,337$2,664
29 years$15,540$11,280$8,042$5,647$3,916$2,354
30 years$14,860$10,653$7,491$5,183$3,539$2,081
31 years$14,225$10,070$6,984$4,760$3,199$1,841
32 years$13,630$9,529$6,516$4,374$2,894$1,629
33 years$13,073$9,024$6,084$4,023$2,619$1,442
34 years$12,550$8,552$5,684$3,701$2,371$1,276
35 years$12,058$8,112$5,314$3,407$2,148$1,130
36 years$11,594$7,699$4,972$3,138$1,946$1,001
37 years$11,156$7,313$4,653$2,891$1,764$887
38 years$10,743$6,950$4,358$2,665$1,599$786
39 years$10,351$6,608$4,083$2,457$1,450$697
40 years$9,980$6,287$3,827$2,266$1,315$617
41 years$9,628$5,985$3,588$2,091$1,193$547
42 years$9,294$5,700$3,366$1,930$1,083$485
43 years$8,976$5,431$3,158$1,781$983$430
44 years$8,673$5,177$2,965$1,645$892$382
45 years$8,385$4,936$2,784$1,519$810$338
46 years$8,110$4,709$2,615$1,403$735$300
47 years$7,848$4,494$2,456$1,296$668$266
48 years$7,597$4,290$2,308$1,198$606$236
49 years$7,357$4,097$2,170$1,107$551$209
50 years$7,127$3,913$2,040$1,023$500$186

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $7,300,000, adding $2,666 every year, while hoping to spend $21,664 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: 76/12/12 Blend
67$7,300,000$7,300,000$7,300,000$7,300,000
68$8,047,350$7,660,450$7,547,300$8,639,890
69$8,845,129$8,012,762$7,777,084$9,383,148
70$9,723,556$8,381,611$8,013,840$10,194,705
71$10,690,833$8,767,784$8,257,778$11,083,749
72$11,756,001$9,172,108$8,509,116$12,057,983
73$12,929,018$9,595,446$8,768,077$13,125,884
74$14,220,861$10,038,706$9,034,890$14,296,788
75$15,643,624$10,502,838$9,309,795$15,580,973
76$17,210,634$10,988,838$9,593,033$16,989,757
77$18,936,578$11,497,750$9,884,859$18,535,602
78$20,837,637$12,030,667$10,185,529$20,232,231
79$22,931,644$12,588,738$10,495,313$22,094,757
80$25,238,250$13,173,165$10,814,484$24,139,823
81$27,779,108$13,785,206$11,143,326$26,385,759
82$30,578,080$14,426,185$11,482,131$28,852,751
83$33,661,461$15,097,485$11,831,199$31,563,034
84$37,058,226$15,800,557$12,190,840$34,541,096
85$40,800,305$16,536,924$12,561,373$37,813,910
86$44,922,883$17,308,180$12,943,126$41,411,187
87$49,464,734$18,115,998$13,336,437$45,365,652
88$54,468,584$18,962,130$13,741,656$49,713,354
89$59,981,519$19,848,413$14,159,140$54,494,003
90$66,055,423$20,776,775$14,589,260$59,751,343
91$72,747,472$21,749,233$15,032,397$65,533,561
92$80,120,674$22,767,905$15,488,942$71,893,742
93$88,244,461$23,835,010$15,959,299$78,890,366
94$97,195,345$24,952,875$16,443,886$86,587,860
95$107,057,644$26,123,939$16,943,129$95,057,199
96$117,924,270$27,350,759$17,457,470$104,376,579
97$129,897,615$28,636,015$17,987,365$114,632,147
98$143,090,510$29,982,519$18,533,280$125,918,815
99$157,627,297$31,393,217$19,095,699$138,341,150
100$173,644,994$32,871,197$19,675,118$152,014,360