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%11.2%
1 years$611,085$605,642$600,331$595,148$590,086$587,106
2 years$302,517$296,883$291,423$286,129$280,994$277,986
3 years$199,675$194,016$188,570$183,325$178,274$175,332
4 years$148,264$142,623$137,231$132,076$127,146$124,293
5 years$117,425$111,818$106,497$101,447$96,655$93,898
6 years$96,873$91,308$86,065$81,128$76,480$73,823
7 years$82,198$76,680$71,520$66,700$62,198$59,643
8 years$71,197$65,729$60,655$55,953$51,600$49,146
9 years$62,646$57,229$52,242$47,659$43,454$41,102
10 years$55,808$50,444$45,546$41,083$37,025$34,773
11 years$50,218$44,908$40,098$35,754$31,843$29,689
12 years$45,562$40,307$35,586$31,361$27,594$25,538
13 years$41,626$36,426$31,794$27,687$24,063$22,101
14 years$38,255$33,110$28,567$24,578$21,093$19,224
15 years$35,336$30,246$25,792$21,919$18,572$16,794
16 years$32,785$27,751$23,384$19,626$16,414$14,723
17 years$30,536$25,557$21,279$17,634$14,554$12,948
18 years$28,539$23,616$19,425$15,892$12,941$11,418
19 years$26,754$21,887$17,782$14,360$11,534$10,091
20 years$25,150$20,339$16,320$13,005$10,303$8,937
21 years$23,701$18,945$15,011$11,803$9,220$7,928
22 years$22,385$17,684$13,835$10,732$8,264$7,044
23 years$21,185$16,540$12,774$9,774$7,418$6,267
24 years$20,087$15,496$11,814$8,914$6,668$5,582
25 years$19,078$14,543$10,942$8,141$6,000$4,977
26 years$18,149$13,668$10,148$7,444$5,405$4,442
27 years$17,289$12,863$9,423$6,813$4,873$3,968
28 years$16,493$12,121$8,760$6,242$4,397$3,547
29 years$15,753$11,434$8,152$5,724$3,970$3,172
30 years$15,063$10,799$7,594$5,254$3,587$2,839
31 years$14,419$10,208$7,079$4,825$3,243$2,542
32 years$13,817$9,659$6,605$4,434$2,934$2,277
33 years$13,252$9,147$6,167$4,078$2,655$2,041
34 years$12,722$8,670$5,762$3,752$2,404$1,829
35 years$12,223$8,223$5,387$3,454$2,177$1,640
36 years$11,753$7,805$5,040$3,181$1,973$1,472
37 years$11,309$7,413$4,717$2,931$1,788$1,320
38 years$10,890$7,045$4,417$2,701$1,621$1,185
39 years$10,493$6,699$4,139$2,491$1,470$1,064
40 years$10,117$6,373$3,879$2,297$1,333$955
41 years$9,760$6,067$3,637$2,120$1,210$858
42 years$9,421$5,778$3,412$1,956$1,098$770
43 years$9,099$5,505$3,202$1,806$996$692
44 years$8,792$5,248$3,005$1,667$904$621
45 years$8,500$5,004$2,822$1,540$821$558
46 years$8,221$4,774$2,650$1,422$745$502
47 years$7,955$4,556$2,490$1,314$677$451
48 years$7,701$4,349$2,340$1,214$615$405
49 years$7,458$4,153$2,199$1,122$558$364
50 years$7,225$3,967$2,068$1,037$507$327

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 $4,711 every year, while hoping to spend $32,096 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: 31/45/24 Blend
67$7,400,000$7,400,000$7,400,000$7,400,000
68$8,159,659$7,767,459$7,652,759$8,352,023
69$8,957,795$8,113,915$7,874,977$8,845,752
70$9,836,264$8,476,271$8,103,563$9,373,670
71$10,803,228$8,855,273$8,338,697$9,941,303
72$11,867,677$9,251,702$8,580,564$10,552,138
73$13,039,520$9,666,375$8,829,352$11,209,991
74$14,329,673$10,100,149$9,085,257$11,919,046
75$15,750,165$10,553,922$9,348,479$12,683,885
76$17,314,252$11,028,634$9,619,223$13,509,532
77$19,036,539$11,525,271$9,897,700$14,401,493
78$20,933,121$12,044,863$10,184,128$15,365,808
79$23,021,732$12,588,494$10,478,729$16,409,100
80$25,321,914$13,157,296$10,781,732$17,538,639
81$27,855,202$13,752,457$11,093,373$18,762,399
82$30,645,325$14,375,219$11,413,893$20,089,134
83$33,718,430$15,026,887$11,743,540$21,528,453
84$37,103,331$15,708,826$12,082,570$23,090,907
85$40,831,779$16,422,467$12,431,245$24,788,085
86$44,938,762$17,169,309$12,789,833$26,632,713
87$49,462,835$17,950,924$13,158,612$28,638,772
88$54,446,483$18,768,959$13,537,864$30,821,625
89$59,936,525$19,625,138$13,927,883$33,198,152
90$65,984,550$20,521,269$14,328,966$35,786,906
91$72,647,410$21,459,248$14,741,423$38,608,278
92$79,987,754$22,441,059$15,165,569$41,684,687
93$88,074,618$23,468,784$15,601,729$45,040,779
94$96,984,078$24,544,603$16,050,235$48,703,657
95$106,799,966$25,670,801$16,511,431$52,703,121
96$117,614,666$26,849,773$16,985,667$57,071,951
97$129,529,980$28,084,030$17,473,305$61,846,199
98$142,658,093$29,376,202$17,974,715$67,065,523
99$157,122,629$30,729,047$18,490,278$72,773,551
100$173,059,820$32,145,453$19,020,385$79,018,285