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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.1%
1 years$627,601$622,011$616,556$611,233$606,035$593,313
2 years$310,694$304,907$299,299$293,862$288,588$275,831
3 years$205,072$199,260$193,666$188,280$183,092$170,698
4 years$152,271$146,477$140,940$135,645$130,583$118,647
5 years$120,599$114,840$109,375$104,189$99,267$87,824
6 years$99,491$93,775$88,391$83,320$78,547$67,607
7 years$84,420$78,753$73,453$68,502$63,879$53,447
8 years$73,122$67,505$62,294$57,465$52,994$43,065
9 years$64,339$58,776$53,654$48,947$44,629$35,196
10 years$57,317$51,808$46,777$42,193$38,026$29,080
11 years$51,575$46,121$41,182$36,721$32,704$24,233
12 years$46,794$41,396$36,548$32,209$28,340$20,332
13 years$42,751$37,410$32,653$28,436$24,713$17,154
14 years$39,289$34,005$29,339$25,242$21,663$14,538
15 years$36,291$31,064$26,489$22,511$19,074$12,368
16 years$33,671$28,501$24,016$20,157$16,858$10,554
17 years$31,361$26,248$21,854$18,110$14,947$9,030
18 years$29,310$24,254$19,950$16,321$13,290$7,743
19 years$27,477$22,479$18,263$14,748$11,846$6,652
20 years$25,830$20,888$16,761$13,357$10,581$5,723
21 years$24,341$19,457$15,417$12,122$9,469$4,931
22 years$22,990$18,162$14,209$11,022$8,488$4,254
23 years$21,758$16,987$13,119$10,038$7,619$3,673
24 years$20,630$15,915$12,133$9,155$6,848$3,174
25 years$19,594$14,936$11,238$8,361$6,162$2,745
26 years$18,639$14,037$10,422$7,645$5,551$2,375
27 years$17,757$13,211$9,678$6,997$5,004$2,056
28 years$16,939$12,448$8,997$6,411$4,516$1,781
29 years$16,179$11,744$8,373$5,879$4,077$1,543
30 years$15,470$11,091$7,799$5,396$3,684$1,338
31 years$14,809$10,484$7,271$4,955$3,331$1,160
32 years$14,190$9,920$6,784$4,554$3,013$1,006
33 years$13,610$9,395$6,334$4,188$2,727$873
34 years$13,066$8,904$5,918$3,853$2,469$757
35 years$12,553$8,445$5,533$3,547$2,236$657
36 years$12,071$8,016$5,176$3,267$2,026$571
37 years$11,615$7,613$4,845$3,010$1,836$495
38 years$11,184$7,235$4,537$2,774$1,665$430
39 years$10,777$6,880$4,250$2,558$1,510$373
40 years$10,390$6,546$3,984$2,359$1,369$324
41 years$10,024$6,231$3,736$2,177$1,242$282
42 years$9,676$5,934$3,504$2,009$1,127$245
43 years$9,345$5,654$3,288$1,855$1,023$212
44 years$9,030$5,389$3,087$1,712$929$184
45 years$8,730$5,139$2,898$1,581$843$160
46 years$8,443$4,903$2,722$1,461$765$139
47 years$8,170$4,679$2,557$1,350$695$121
48 years$7,909$4,466$2,403$1,247$631$105
49 years$7,659$4,265$2,259$1,153$573$91
50 years$7,420$4,074$2,124$1,065$521$79

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 $3,632 every year, while hoping to spend $28,570 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: 52/18/30 Blend
67$7,600,000$7,600,000$7,600,000$7,600,000
68$8,378,946$7,976,146$7,858,346$8,743,738
69$9,203,201$8,336,579$8,091,203$9,358,778
70$10,110,571$8,713,716$8,330,902$10,024,337
71$11,109,506$9,108,344$8,577,644$10,747,853
72$12,209,313$9,521,291$8,831,633$11,534,882
73$13,420,250$9,953,421$9,093,079$12,391,529
74$14,753,618$10,405,641$9,362,200$13,324,509
75$16,221,872$10,878,902$9,639,218$14,341,209
76$17,838,734$11,374,200$9,924,363$15,449,749
77$19,619,327$11,892,577$10,217,871$16,659,068
78$21,580,312$12,435,128$10,519,984$17,978,994
79$23,740,052$13,002,997$10,830,952$19,420,343
80$26,118,780$13,597,387$11,151,031$20,995,016
81$28,738,792$14,219,555$11,480,487$22,716,110
82$31,624,655$14,870,819$11,819,590$24,598,036
83$34,803,444$15,552,563$12,168,619$26,656,655
84$38,304,990$16,266,234$12,527,864$28,909,427
85$42,162,170$17,013,350$12,897,618$31,375,567
86$46,411,209$17,795,502$13,278,186$34,076,231
87$51,092,028$18,614,357$13,669,880$37,034,705
88$56,248,616$19,471,663$14,073,023$40,276,628
89$61,929,451$20,369,250$14,487,946$43,830,227
90$68,187,951$21,309,039$14,914,987$47,726,580
91$75,082,981$22,293,041$15,354,498$51,999,910
92$82,679,409$23,323,364$15,806,838$56,687,897
93$91,048,719$24,402,219$16,272,377$61,832,037
94$100,269,683$25,531,922$16,751,497$67,478,025
95$110,429,106$26,714,902$17,244,587$73,676,183
96$121,622,646$27,953,703$17,752,052$80,481,933
97$133,955,714$29,250,993$18,274,304$87,956,312
98$147,544,473$30,609,568$18,811,770$96,166,546
99$162,516,933$32,032,360$19,364,887$105,186,679
100$179,014,155$33,522,440$19,934,106$115,098,265