Can I retire at age 68 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$627,601$622,011$616,556$611,233$606,035$583,373
2 years$310,694$304,907$299,299$293,862$288,588$266,016
3 years$205,072$199,260$193,666$188,280$183,092$161,320
4 years$152,271$146,477$140,940$135,645$130,583$109,776
5 years$120,599$114,840$109,375$104,189$99,267$79,480
6 years$99,491$93,775$88,391$83,320$78,547$59,794
7 years$84,420$78,753$73,453$68,502$63,879$46,155
8 years$73,122$67,505$62,294$57,465$52,994$36,282
9 years$64,339$58,776$53,654$48,947$44,629$28,906
10 years$57,317$51,808$46,777$42,193$38,026$23,263
11 years$51,575$46,121$41,182$36,721$32,704$18,869
12 years$46,794$41,396$36,548$32,209$28,340$15,399
13 years$42,751$37,410$32,653$28,436$24,713$12,628
14 years$39,289$34,005$29,339$25,242$21,663$10,397
15 years$36,291$31,064$26,489$22,511$19,074$8,586
16 years$33,671$28,501$24,016$20,157$16,858$7,110
17 years$31,361$26,248$21,854$18,110$14,947$5,899
18 years$29,310$24,254$19,950$16,321$13,290$4,903
19 years$27,477$22,479$18,263$14,748$11,846$4,081
20 years$25,830$20,888$16,761$13,357$10,581$3,401
21 years$24,341$19,457$15,417$12,122$9,469$2,837
22 years$22,990$18,162$14,209$11,022$8,488$2,368
23 years$21,758$16,987$13,119$10,038$7,619$1,979
24 years$20,630$15,915$12,133$9,155$6,848$1,654
25 years$19,594$14,936$11,238$8,361$6,162$1,383
26 years$18,639$14,037$10,422$7,645$5,551$1,157
27 years$17,757$13,211$9,678$6,997$5,004$968
28 years$16,939$12,448$8,997$6,411$4,516$810
29 years$16,179$11,744$8,373$5,879$4,077$678
30 years$15,470$11,091$7,799$5,396$3,684$568
31 years$14,809$10,484$7,271$4,955$3,331$476
32 years$14,190$9,920$6,784$4,554$3,013$399
33 years$13,610$9,395$6,334$4,188$2,727$334
34 years$13,066$8,904$5,918$3,853$2,469$280
35 years$12,553$8,445$5,533$3,547$2,236$234
36 years$12,071$8,016$5,176$3,267$2,026$196
37 years$11,615$7,613$4,845$3,010$1,836$165
38 years$11,184$7,235$4,537$2,774$1,665$138
39 years$10,777$6,880$4,250$2,558$1,510$116
40 years$10,390$6,546$3,984$2,359$1,369$97
41 years$10,024$6,231$3,736$2,177$1,242$81
42 years$9,676$5,934$3,504$2,009$1,127$68
43 years$9,345$5,654$3,288$1,855$1,023$57
44 years$9,030$5,389$3,087$1,712$929$48
45 years$8,730$5,139$2,898$1,581$843$40
46 years$8,443$4,903$2,722$1,461$765$34
47 years$8,170$4,679$2,557$1,350$695$28
48 years$7,909$4,466$2,403$1,247$631$24
49 years$7,659$4,265$2,259$1,153$573$20
50 years$7,420$4,074$2,124$1,065$521$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $7,600,000, adding $6,886 every year, while hoping to spend $35,666 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: 33/41/26 Blend
67$7,600,000$7,600,000$7,600,000$7,600,000
68$8,382,303$7,979,503$7,861,703$8,592,287
69$9,199,349$8,332,550$8,087,122$9,104,643
70$10,098,539$8,701,701$8,318,896$9,652,765
71$11,088,214$9,087,708$8,557,203$10,242,800
72$12,177,563$9,491,357$8,802,220$10,878,476
73$13,376,714$9,913,473$9,054,134$11,563,881
74$14,696,825$10,354,919$9,313,134$12,303,495
75$16,150,191$10,816,601$9,579,414$13,102,230
76$17,750,361$11,299,465$9,853,175$13,965,475
77$19,512,263$11,804,504$10,134,622$14,899,141
78$21,452,347$12,332,758$10,423,965$15,909,713
79$23,588,740$12,885,316$10,721,421$17,004,312
80$25,941,414$13,463,319$11,027,211$18,190,749
81$28,532,380$14,067,963$11,341,564$19,477,606
82$31,385,890$14,700,501$11,664,714$20,874,304
83$34,528,669$15,362,244$11,996,900$22,391,189
84$37,990,166$16,054,567$12,338,369$24,039,630
85$41,802,833$16,778,910$12,689,374$25,832,114
86$46,002,428$17,536,783$13,050,174$27,782,366
87$50,628,356$18,329,766$13,421,036$29,905,466
88$55,724,040$19,159,516$13,802,232$32,217,991
89$61,337,329$20,027,769$14,194,044$34,738,165
90$67,520,951$20,936,344$14,596,759$37,486,023
91$74,333,009$21,887,147$15,010,672$40,483,592
92$81,837,533$22,882,173$15,436,086$43,755,099
93$90,105,078$23,923,517$15,873,311$47,327,185
94$99,213,397$25,013,370$16,322,668$51,229,155
95$109,248,168$26,154,030$16,784,483$55,493,243
96$120,303,809$27,347,905$17,259,090$60,154,910
97$132,484,364$28,597,518$17,746,836$65,253,171
98$145,904,486$29,905,514$18,248,072$70,830,954
99$160,690,523$31,274,663$18,763,162$76,935,495
100$176,981,704$32,707,870$19,292,476$83,618,775