Can I retire at age 68 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$619,343$613,826$608,444$603,190$598,061$593,545
2 years$306,605$300,895$295,361$289,995$284,791$280,239
3 years$202,373$196,638$191,118$185,803$180,683$176,235
4 years$150,267$144,550$139,085$133,860$128,865$124,555
5 years$119,012$113,329$107,936$102,818$97,961$93,802
6 years$98,182$92,542$87,228$82,224$77,513$73,510
7 years$83,309$77,716$72,487$67,601$63,039$59,194
8 years$72,160$66,617$61,475$56,709$52,297$48,610
9 years$63,492$58,002$52,948$48,303$44,041$40,512
10 years$56,562$51,126$46,161$41,638$37,526$34,151
11 years$50,896$45,515$40,640$36,237$32,273$29,052
12 years$46,178$40,851$36,067$31,785$27,967$24,895
13 years$42,189$36,918$32,223$28,062$24,388$21,463
14 years$38,772$33,557$28,953$24,910$21,378$18,596
15 years$35,814$30,655$26,140$22,215$18,823$16,180
16 years$33,228$28,126$23,700$19,891$16,636$14,128
17 years$30,948$25,903$21,566$17,872$14,751$12,373
18 years$28,925$23,935$19,687$16,106$13,116$10,865
19 years$27,116$22,183$18,023$14,554$11,690$9,561
20 years$25,490$20,613$16,540$13,181$10,442$8,431
21 years$24,021$19,201$15,214$11,963$9,344$7,446
22 years$22,687$17,923$14,022$10,877$8,376$6,586
23 years$21,471$16,763$12,947$9,906$7,519$5,833
24 years$20,358$15,706$11,974$9,035$6,758$5,172
25 years$19,336$14,739$11,090$8,251$6,081$4,591
26 years$18,394$13,852$10,285$7,544$5,478$4,078
27 years$17,523$13,037$9,551$6,905$4,939$3,625
28 years$16,716$12,284$8,879$6,327$4,456$3,225
29 years$15,966$11,589$8,262$5,802$4,024$2,871
30 years$15,267$10,945$7,696$5,325$3,636$2,557
31 years$14,614$10,346$7,175$4,890$3,287$2,278
32 years$14,004$9,790$6,694$4,494$2,973$2,031
33 years$13,431$9,271$6,251$4,133$2,691$1,811
34 years$12,894$8,787$5,840$3,803$2,436$1,615
35 years$12,388$8,334$5,460$3,500$2,207$1,441
36 years$11,912$7,910$5,108$3,224$1,999$1,286
37 years$11,462$7,513$4,781$2,970$1,812$1,148
38 years$11,037$7,140$4,477$2,738$1,643$1,025
39 years$10,635$6,789$4,194$2,524$1,490$916
40 years$10,254$6,460$3,931$2,328$1,351$818
41 years$9,892$6,149$3,686$2,148$1,226$731
42 years$9,549$5,856$3,458$1,983$1,112$653
43 years$9,222$5,580$3,245$1,830$1,010$583
44 years$8,911$5,319$3,046$1,690$916$521
45 years$8,615$5,072$2,860$1,561$832$466
46 years$8,332$4,838$2,686$1,442$755$416
47 years$8,063$4,617$2,524$1,332$686$372
48 years$7,805$4,408$2,372$1,231$623$333
49 years$7,558$4,209$2,229$1,137$566$298
50 years$7,323$4,021$2,096$1,051$514$266

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $7,500,000, adding $3,055 every year, while hoping to spend $41,504 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: 44/42/14 Blend
67$7,500,000$7,500,000$7,500,000$7,500,000
68$8,268,151$7,870,651$7,754,401$8,598,476
69$9,067,343$8,212,153$7,970,014$9,170,963
70$9,946,661$8,568,998$8,191,458$9,786,683
71$10,914,234$8,941,893$8,418,886$10,453,138
72$11,979,020$9,331,580$8,652,453$11,175,018
73$13,150,888$9,738,835$8,892,318$11,957,475
74$14,440,711$10,164,470$9,138,643$12,806,162
75$15,860,472$10,609,337$9,391,596$13,727,289
76$17,423,373$11,074,328$9,651,347$14,727,675
77$19,143,961$11,560,374$9,918,072$15,814,810
78$21,038,267$12,068,454$10,191,949$16,996,923
79$23,123,953$12,599,591$10,473,162$18,283,056
80$25,420,482$13,154,857$10,761,899$19,683,147
81$27,949,301$13,735,375$11,058,352$21,208,116
82$30,734,040$14,342,319$11,362,717$22,869,968
83$33,800,742$14,976,922$11,675,198$24,681,903
84$37,178,099$15,640,473$11,995,999$26,658,430
85$40,897,733$16,334,323$12,325,332$28,815,509
86$44,994,483$17,059,887$12,663,413$31,170,688
87$49,506,746$17,818,647$13,010,462$33,743,268
88$54,476,828$18,612,155$13,366,707$36,554,481
89$59,951,352$19,442,037$13,732,379$39,627,682
90$65,981,690$20,309,997$14,107,713$42,988,567
91$72,624,454$21,217,820$14,492,954$46,665,407
92$79,942,029$22,167,373$14,888,348$50,689,309
93$88,003,157$23,160,615$15,294,149$55,094,506
94$96,883,592$24,199,599$15,710,616$59,918,671
95$106,666,811$25,286,472$16,138,014$65,203,265
96$117,444,803$26,423,486$16,576,615$70,993,923
97$129,318,936$27,613,000$17,026,695$77,340,876
98$142,400,916$28,857,485$17,488,538$84,299,419
99$156,813,839$30,159,531$17,962,433$91,930,420
100$172,693,352$31,521,850$18,448,676$100,300,891