Can I retire at age 68 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$635,859$630,195$624,669$619,275$614,009$603,340
2 years$314,782$308,919$303,237$297,729$292,385$281,672
3 years$207,770$201,882$196,215$190,758$185,501$175,076
4 years$154,274$148,405$142,794$137,430$132,301$122,245
5 years$122,186$116,351$110,814$105,559$100,573$90,914
6 years$100,800$95,009$89,554$84,417$79,580$70,330
7 years$85,531$79,789$74,420$69,404$64,720$55,881
8 years$74,084$68,394$63,114$58,221$53,691$45,262
9 years$65,185$59,549$54,360$49,591$45,216$37,191
10 years$58,071$52,490$47,392$42,748$38,526$30,898
11 years$52,254$46,728$41,723$37,204$33,134$25,895
12 years$47,409$41,941$37,029$32,633$28,713$21,854
13 years$43,314$37,902$33,083$28,810$25,038$18,548
14 years$39,806$34,452$29,725$25,574$21,948$15,816
15 years$36,769$31,473$26,838$22,808$19,325$13,539
16 years$34,114$28,876$24,332$20,422$17,080$11,627
17 years$31,774$26,593$22,141$18,349$15,144$10,012
18 years$29,696$24,573$20,212$16,536$13,465$8,642
19 years$27,839$22,774$18,503$14,942$12,002$7,473
20 years$26,170$21,163$16,981$13,533$10,720$6,474
21 years$24,662$19,713$15,620$12,282$9,594$5,616
22 years$23,292$18,401$14,396$11,167$8,599$4,878
23 years$22,044$17,210$13,292$10,170$7,719$4,241
24 years$20,901$16,125$12,293$9,275$6,938$3,691
25 years$19,852$15,132$11,386$8,471$6,243$3,215
26 years$18,885$14,222$10,560$7,745$5,624$2,802
27 years$17,990$13,384$9,806$7,090$5,070$2,444
28 years$17,162$12,612$9,116$6,496$4,575$2,132
29 years$16,391$11,898$8,483$5,957$4,131$1,862
30 years$15,674$11,236$7,901$5,467$3,733$1,626
31 years$15,004$10,622$7,366$5,021$3,375$1,420
32 years$14,377$10,051$6,873$4,614$3,053$1,241
33 years$13,790$9,518$6,417$4,243$2,763$1,085
34 years$13,238$9,021$5,996$3,904$2,501$948
35 years$12,719$8,556$5,606$3,594$2,266$829
36 years$12,229$8,121$5,244$3,310$2,053$725
37 years$11,768$7,713$4,908$3,050$1,860$634
38 years$11,331$7,330$4,596$2,811$1,687$555
39 years$10,918$6,970$4,306$2,592$1,529$486
40 years$10,527$6,632$4,036$2,391$1,387$425
41 years$10,156$6,313$3,785$2,206$1,259$372
42 years$9,803$6,012$3,550$2,035$1,142$325
43 years$9,468$5,728$3,331$1,879$1,036$285
44 years$9,149$5,460$3,127$1,735$941$249
45 years$8,845$5,207$2,936$1,602$854$218
46 years$8,554$4,967$2,758$1,480$775$191
47 years$8,278$4,740$2,591$1,367$704$167
48 years$8,013$4,525$2,435$1,263$639$146
49 years$7,760$4,321$2,289$1,168$581$128
50 years$7,518$4,128$2,152$1,079$528$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $7,700,000, adding $4,480 every year, while hoping to spend $43,074 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: 64/18/18 Blend
67$7,700,000$7,700,000$7,700,000$7,700,000
68$8,490,021$8,081,921$7,962,571$8,994,777
69$9,310,173$8,432,105$8,183,487$9,684,475
70$10,212,536$8,798,004$8,410,360$10,432,304
71$11,205,452$9,180,343$8,643,343$11,248,242
72$12,298,109$9,579,881$8,882,596$12,138,943
73$13,500,632$9,997,411$9,128,280$13,111,728
74$14,824,179$10,433,766$9,380,559$14,174,654
75$16,281,041$10,889,817$9,639,604$15,336,587
76$17,884,765$11,366,475$9,905,588$16,607,284
77$19,650,274$11,864,696$10,178,689$17,997,485
78$21,594,016$12,385,479$10,459,088$19,519,013
79$23,734,110$12,929,873$10,746,972$21,184,879
80$26,090,526$13,498,973$11,042,532$23,009,410
81$28,685,265$14,093,928$11,345,963$25,008,377
82$31,542,573$14,715,942$11,657,464$27,199,144
83$34,689,166$15,366,274$11,977,239$29,600,830
84$38,154,483$16,046,243$12,305,499$32,234,485
85$41,970,963$16,757,232$12,642,456$35,123,290
86$46,174,354$17,500,688$12,988,330$38,292,769
87$50,804,044$18,278,128$13,343,345$41,771,033
88$55,903,439$19,091,140$13,707,731$45,589,036
89$61,520,371$19,941,386$14,081,720$49,780,871
90$67,707,545$20,830,610$14,465,554$54,384,084
91$74,523,042$21,760,637$14,859,477$59,440,028
92$82,030,863$22,733,380$15,263,741$64,994,252
93$90,301,536$23,750,840$15,678,601$71,096,921
94$99,412,778$24,815,117$16,104,320$77,803,295
95$109,450,233$25,928,409$16,541,166$85,174,241
96$120,508,274$27,093,019$16,989,413$93,276,805
97$132,690,901$28,311,359$17,449,341$102,184,842
98$146,112,715$29,585,958$17,921,236$111,979,711
99$160,900,005$30,919,464$18,405,391$122,751,035
100$177,191,939$32,314,650$18,902,104$134,597,546