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%13.4%
1 years$627,601$622,011$616,556$611,233$606,035$597,472
2 years$310,694$304,907$299,299$293,862$288,588$279,977
3 years$205,072$199,260$193,666$188,280$183,092$174,702
4 years$152,271$146,477$140,940$135,645$130,583$122,477
5 years$120,599$114,840$109,375$104,189$99,267$91,470
6 years$99,491$93,775$88,391$83,320$78,547$71,067
7 years$84,420$78,753$73,453$68,502$63,879$56,720
8 years$73,122$67,505$62,294$57,465$52,994$46,154
9 years$64,339$58,776$53,654$48,947$44,629$38,104
10 years$57,317$51,808$46,777$42,193$38,026$31,812
11 years$51,575$46,121$41,182$36,721$32,704$26,795
12 years$46,794$41,396$36,548$32,209$28,340$22,730
13 years$42,751$37,410$32,653$28,436$24,713$19,393
14 years$39,289$34,005$29,339$25,242$21,663$16,626
15 years$36,291$31,064$26,489$22,511$19,074$14,310
16 years$33,671$28,501$24,016$20,157$16,858$12,358
17 years$31,361$26,248$21,854$18,110$14,947$10,703
18 years$29,310$24,254$19,950$16,321$13,290$9,291
19 years$27,477$22,479$18,263$14,748$11,846$8,082
20 years$25,830$20,888$16,761$13,357$10,581$7,043
21 years$24,341$19,457$15,417$12,122$9,469$6,147
22 years$22,990$18,162$14,209$11,022$8,488$5,372
23 years$21,758$16,987$13,119$10,038$7,619$4,700
24 years$20,630$15,915$12,133$9,155$6,848$4,116
25 years$19,594$14,936$11,238$8,361$6,162$3,608
26 years$18,639$14,037$10,422$7,645$5,551$3,165
27 years$17,757$13,211$9,678$6,997$5,004$2,778
28 years$16,939$12,448$8,997$6,411$4,516$2,439
29 years$16,179$11,744$8,373$5,879$4,077$2,143
30 years$15,470$11,091$7,799$5,396$3,684$1,884
31 years$14,809$10,484$7,271$4,955$3,331$1,657
32 years$14,190$9,920$6,784$4,554$3,013$1,458
33 years$13,610$9,395$6,334$4,188$2,727$1,283
34 years$13,066$8,904$5,918$3,853$2,469$1,129
35 years$12,553$8,445$5,533$3,547$2,236$994
36 years$12,071$8,016$5,176$3,267$2,026$875
37 years$11,615$7,613$4,845$3,010$1,836$771
38 years$11,184$7,235$4,537$2,774$1,665$679
39 years$10,777$6,880$4,250$2,558$1,510$598
40 years$10,390$6,546$3,984$2,359$1,369$527
41 years$10,024$6,231$3,736$2,177$1,242$464
42 years$9,676$5,934$3,504$2,009$1,127$409
43 years$9,345$5,654$3,288$1,855$1,023$361
44 years$9,030$5,389$3,087$1,712$929$318
45 years$8,730$5,139$2,898$1,581$843$280
46 years$8,443$4,903$2,722$1,461$765$247
47 years$8,170$4,679$2,557$1,350$695$218
48 years$7,909$4,466$2,403$1,247$631$192
49 years$7,659$4,265$2,259$1,153$573$169
50 years$7,420$4,074$2,124$1,065$521$149

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 $3,273 every year, while hoping to spend $28,250 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: 68/17/15 Blend
67$7,600,000$7,600,000$7,600,000$7,600,000
68$8,378,576$7,975,776$7,857,976$8,918,793
69$9,203,133$8,336,531$8,091,161$9,639,932
70$10,110,848$8,714,017$8,331,210$10,424,746
71$11,110,173$9,109,022$8,578,324$11,282,431
72$12,210,422$9,522,376$8,832,709$12,220,147
73$13,421,858$9,954,944$9,094,577$13,245,770
74$14,755,787$10,407,637$9,364,146$14,367,971
75$16,224,672$10,881,406$9,641,639$15,596,292
76$17,842,243$11,377,249$9,927,289$16,941,235
77$19,623,630$11,896,212$10,221,331$18,414,363
78$21,585,504$12,439,391$10,524,010$20,028,402
79$23,746,239$13,007,934$10,835,577$21,797,362
80$26,126,077$13,603,044$11,156,290$23,736,669
81$28,747,326$14,225,983$11,486,416$25,863,305
82$31,634,570$14,878,072$11,826,227$28,195,969
83$34,814,895$15,560,697$12,176,004$30,755,252
84$38,318,152$16,275,309$12,536,038$33,563,824
85$42,177,233$17,023,429$12,906,625$36,646,653
86$46,428,385$17,806,651$13,288,072$40,031,231
87$51,111,551$18,626,648$13,680,693$43,747,836
88$56,270,745$19,485,169$14,084,812$47,829,816
89$61,954,470$20,384,052$14,500,762$52,313,893
90$68,216,175$21,325,219$14,928,886$57,240,518
91$75,114,757$22,310,687$15,369,536$62,654,240
92$82,715,121$23,342,570$15,823,075$68,604,130
93$91,088,791$24,423,083$16,289,875$75,144,236
94$100,314,581$25,554,547$16,770,319$82,334,094
95$110,479,347$26,739,398$17,264,803$90,239,285
96$121,678,797$27,980,186$17,773,731$98,932,047
97$134,018,405$29,279,585$18,297,521$108,491,958
98$147,614,396$30,640,399$18,836,602$119,006,681
99$162,594,850$32,065,564$19,391,414$130,572,787
100$179,100,910$33,558,162$19,962,412$143,296,661