Can I retire at age 68 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$611,085$605,642$600,331$595,148$590,086$574,656
2 years$302,517$296,883$291,423$286,129$280,994$265,553
3 years$199,675$194,016$188,570$183,325$178,274$163,306
4 years$148,264$142,623$137,231$132,076$127,146$112,766
5 years$117,425$111,818$106,497$101,447$96,655$82,902
6 years$96,873$91,308$86,065$81,128$76,480$63,368
7 years$82,198$76,680$71,520$66,700$62,198$49,729
8 years$71,197$65,729$60,655$55,953$51,600$39,766
9 years$62,646$57,229$52,242$47,659$43,454$32,246
10 years$55,808$50,444$45,546$41,083$37,025$26,429
11 years$50,218$44,908$40,098$35,754$31,843$21,842
12 years$45,562$40,307$35,586$31,361$27,594$18,171
13 years$41,626$36,426$31,794$27,687$24,063$15,198
14 years$38,255$33,110$28,567$24,578$21,093$12,767
15 years$35,336$30,246$25,792$21,919$18,572$10,763
16 years$32,785$27,751$23,384$19,626$16,414$9,100
17 years$30,536$25,557$21,279$17,634$14,554$7,713
18 years$28,539$23,616$19,425$15,892$12,941$6,551
19 years$26,754$21,887$17,782$14,360$11,534$5,573
20 years$25,150$20,339$16,320$13,005$10,303$4,748
21 years$23,701$18,945$15,011$11,803$9,220$4,051
22 years$22,385$17,684$13,835$10,732$8,264$3,459
23 years$21,185$16,540$12,774$9,774$7,418$2,956
24 years$20,087$15,496$11,814$8,914$6,668$2,529
25 years$19,078$14,543$10,942$8,141$6,000$2,164
26 years$18,149$13,668$10,148$7,444$5,405$1,853
27 years$17,289$12,863$9,423$6,813$4,873$1,588
28 years$16,493$12,121$8,760$6,242$4,397$1,361
29 years$15,753$11,434$8,152$5,724$3,970$1,167
30 years$15,063$10,799$7,594$5,254$3,587$1,001
31 years$14,419$10,208$7,079$4,825$3,243$858
32 years$13,817$9,659$6,605$4,434$2,934$736
33 years$13,252$9,147$6,167$4,078$2,655$632
34 years$12,722$8,670$5,762$3,752$2,404$542
35 years$12,223$8,223$5,387$3,454$2,177$466
36 years$11,753$7,805$5,040$3,181$1,973$400
37 years$11,309$7,413$4,717$2,931$1,788$343
38 years$10,890$7,045$4,417$2,701$1,621$295
39 years$10,493$6,699$4,139$2,491$1,470$253
40 years$10,117$6,373$3,879$2,297$1,333$217
41 years$9,760$6,067$3,637$2,120$1,210$187
42 years$9,421$5,778$3,412$1,956$1,098$160
43 years$9,099$5,505$3,202$1,806$996$138
44 years$8,792$5,248$3,005$1,667$904$118
45 years$8,500$5,004$2,822$1,540$821$102
46 years$8,221$4,774$2,650$1,422$745$87
47 years$7,955$4,556$2,490$1,314$677$75
48 years$7,701$4,349$2,340$1,214$615$64
49 years$7,458$4,153$2,199$1,122$558$55
50 years$7,225$3,967$2,068$1,037$507$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $7,400,000, adding $2,389 every year, while hoping to spend $43,825 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: 62/18/20 Blend
67$7,400,000$7,400,000$7,400,000$7,400,000
68$8,157,264$7,765,064$7,650,364$8,620,705
69$8,942,676$8,098,923$7,860,022$9,267,571
70$9,806,730$8,447,672$8,075,234$9,968,379
71$10,757,403$8,811,994$8,296,141$10,732,489
72$11,803,482$9,192,606$8,522,886$11,566,070
73$12,954,649$9,590,255$8,755,614$12,475,910
74$14,221,573$10,005,727$8,994,476$13,469,475
75$15,616,007$10,439,841$9,239,625$14,554,985
76$17,150,904$10,893,458$9,491,217$15,741,484
77$18,840,535$11,367,477$9,749,412$17,038,925
78$20,700,627$11,862,840$10,014,375$18,458,264
79$22,748,506$12,380,535$10,286,271$20,011,562
80$25,003,266$12,921,593$10,565,274$21,712,095
81$27,485,946$13,487,098$10,851,557$23,574,477
82$30,219,728$14,078,181$11,145,299$25,614,798
83$33,230,157$14,696,029$11,446,684$27,850,776
84$36,545,383$15,341,883$11,755,897$30,301,914
85$40,196,422$16,017,046$12,073,131$32,989,691
86$44,217,456$16,722,880$12,398,579$35,937,757
87$48,646,146$17,460,811$12,732,441$39,172,156
88$53,523,995$18,232,333$13,074,920$42,721,570
89$58,896,737$19,039,012$13,426,225$46,617,583
90$64,814,768$19,882,487$13,786,567$50,894,981
91$71,333,621$20,764,476$14,156,163$55,592,076
92$78,514,491$21,686,775$14,535,235$60,751,065
93$86,424,812$22,651,270$14,924,008$66,418,424
94$95,138,893$23,659,933$15,322,713$72,645,345
95$104,738,622$24,714,831$15,731,586$79,488,215
96$115,314,233$25,818,130$16,150,866$87,009,144
97$126,965,163$26,972,097$16,580,798$95,276,552
98$139,800,988$28,179,107$17,021,633$104,365,805
99$153,942,456$29,441,651$17,473,625$114,359,926
100$169,522,629$30,762,335$17,937,034$125,350,376