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%12.9%
1 years$619,343$613,826$608,444$603,190$598,061$590,832
2 years$306,605$300,895$295,361$289,995$284,791$277,516
3 years$202,373$196,638$191,118$185,803$180,683$173,588
4 years$150,267$144,550$139,085$133,860$128,865$122,004
5 years$119,012$113,329$107,936$102,818$97,961$91,355
6 years$98,182$92,542$87,228$82,224$77,513$71,170
7 years$83,309$77,716$72,487$67,601$63,039$56,961
8 years$72,160$66,617$61,475$56,709$52,297$46,483
9 years$63,492$58,002$52,948$48,303$44,041$38,490
10 years$56,562$51,126$46,161$41,638$37,526$32,232
11 years$50,896$45,515$40,640$36,237$32,273$27,233
12 years$46,178$40,851$36,067$31,785$27,967$23,175
13 years$42,189$36,918$32,223$28,062$24,388$19,838
14 years$38,772$33,557$28,953$24,910$21,378$17,064
15 years$35,814$30,655$26,140$22,215$18,823$14,737
16 years$33,228$28,126$23,700$19,891$16,636$12,771
17 years$30,948$25,903$21,566$17,872$14,751$11,099
18 years$28,925$23,935$19,687$16,106$13,116$9,670
19 years$27,116$22,183$18,023$14,554$11,690$8,443
20 years$25,490$20,613$16,540$13,181$10,442$7,385
21 years$24,021$19,201$15,214$11,963$9,344$6,469
22 years$22,687$17,923$14,022$10,877$8,376$5,675
23 years$21,471$16,763$12,947$9,906$7,519$4,984
24 years$20,358$15,706$11,974$9,035$6,758$4,382
25 years$19,336$14,739$11,090$8,251$6,081$3,856
26 years$18,394$13,852$10,285$7,544$5,478$3,396
27 years$17,523$13,037$9,551$6,905$4,939$2,993
28 years$16,716$12,284$8,879$6,327$4,456$2,639
29 years$15,966$11,589$8,262$5,802$4,024$2,328
30 years$15,267$10,945$7,696$5,325$3,636$2,055
31 years$14,614$10,346$7,175$4,890$3,287$1,815
32 years$14,004$9,790$6,694$4,494$2,973$1,603
33 years$13,431$9,271$6,251$4,133$2,691$1,416
34 years$12,894$8,787$5,840$3,803$2,436$1,252
35 years$12,388$8,334$5,460$3,500$2,207$1,107
36 years$11,912$7,910$5,108$3,224$1,999$979
37 years$11,462$7,513$4,781$2,970$1,812$866
38 years$11,037$7,140$4,477$2,738$1,643$766
39 years$10,635$6,789$4,194$2,524$1,490$677
40 years$10,254$6,460$3,931$2,328$1,351$599
41 years$9,892$6,149$3,686$2,148$1,226$530
42 years$9,549$5,856$3,458$1,983$1,112$469
43 years$9,222$5,580$3,245$1,830$1,010$416
44 years$8,911$5,319$3,046$1,690$916$368
45 years$8,615$5,072$2,860$1,561$832$326
46 years$8,332$4,838$2,686$1,442$755$288
47 years$8,063$4,617$2,524$1,332$686$255
48 years$7,805$4,408$2,372$1,231$623$226
49 years$7,558$4,209$2,229$1,137$566$200
50 years$7,323$4,021$2,096$1,051$514$177

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 $5,752 every year, while hoping to spend $24,072 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: 66/8/26 Blend
67$7,500,000$7,500,000$7,500,000$7,500,000
68$8,270,933$7,873,433$7,757,183$8,760,312
69$9,088,956$8,233,619$7,991,436$9,450,971
70$9,989,610$8,610,647$8,232,730$10,202,578
71$10,981,299$9,005,317$8,481,275$11,023,827
72$12,073,282$9,418,468$8,737,288$11,921,581
73$13,275,761$9,850,978$9,000,992$12,903,395
74$14,599,980$10,303,767$9,272,617$13,977,586
75$16,058,327$10,777,801$9,552,399$15,153,307
76$17,664,454$11,274,090$9,840,581$16,440,639
77$19,433,404$11,793,696$10,137,416$17,850,679
78$21,381,752$12,337,728$10,443,160$19,395,646
79$23,527,765$12,907,351$10,758,081$21,088,995
80$25,891,571$13,503,786$11,082,451$22,945,541
81$28,495,351$14,128,311$11,416,552$24,981,599
82$31,363,546$14,782,267$11,760,676$27,215,138
83$34,523,089$15,467,060$12,115,120$29,665,944
84$38,003,660$16,184,162$12,480,192$32,355,810
85$41,837,965$16,935,117$12,856,210$35,308,739
86$46,062,043$17,721,544$13,243,500$38,551,167
87$50,715,611$18,545,139$13,642,396$42,112,213
88$55,842,433$19,407,680$14,053,246$46,023,950
89$61,490,736$20,311,031$14,476,404$50,321,706
90$67,713,666$21,257,146$14,912,239$55,044,398
91$74,569,787$22,248,074$15,361,126$60,234,895
92$82,123,636$23,285,961$15,823,455$65,940,421
93$90,446,332$24,373,057$16,299,625$72,212,996
94$99,616,244$25,511,724$16,790,049$79,109,931
95$109,719,736$26,704,433$17,295,150$86,694,360
96$120,851,976$27,953,777$17,815,365$95,035,838
97$133,117,841$29,262,476$18,351,144$104,210,991
98$146,632,902$30,633,378$18,902,948$114,304,240
99$161,524,516$32,069,471$19,471,254$125,408,594
100$177,933,028$33,573,888$20,056,553$137,626,523