Can I retire at age 68 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$644,117$638,379$632,782$627,318$621,983$603,766
2 years$318,870$312,931$307,176$301,595$296,182$277,977
3 years$210,468$204,504$198,763$193,235$187,910$170,287
4 years$156,278$150,332$144,648$139,215$134,019$117,113
5 years$123,772$117,862$112,253$106,930$101,879$85,736
6 years$102,109$96,243$90,717$85,513$80,614$65,248
7 years$86,641$80,825$75,386$70,305$65,560$50,972
8 years$75,046$69,282$63,934$58,977$54,389$40,569
9 years$66,032$60,322$55,066$50,235$45,803$32,738
10 years$58,825$53,171$48,008$43,303$39,027$26,699
11 years$52,932$47,335$42,265$37,687$33,564$21,952
12 years$48,025$42,486$37,509$33,057$29,086$18,167
13 years$43,876$38,395$33,512$29,184$25,364$15,113
14 years$40,323$34,900$30,111$25,906$22,234$12,625
15 years$37,246$31,881$27,186$23,104$19,576$10,584
16 years$34,557$29,251$24,648$20,687$17,301$8,897
17 years$32,186$26,939$22,429$18,587$15,341$7,497
18 years$30,082$24,893$20,475$16,751$13,640$6,330
19 years$28,201$23,070$18,744$15,136$12,158$5,353
20 years$26,510$21,438$17,202$13,708$10,860$4,533
21 years$24,982$19,969$15,822$12,441$9,718$3,843
22 years$23,595$18,640$14,583$11,312$8,711$3,262
23 years$22,330$17,434$13,465$10,302$7,819$2,770
24 years$21,173$16,334$12,453$9,396$7,028$2,354
25 years$20,110$15,329$11,534$8,581$6,324$2,002
26 years$19,130$14,407$10,697$7,846$5,697$1,704
27 years$18,224$13,558$9,933$7,182$5,136$1,450
28 years$17,384$12,776$9,234$6,580$4,634$1,235
29 years$16,604$12,053$8,593$6,034$4,185$1,052
30 years$15,877$11,382$8,004$5,538$3,781$896
31 years$15,199$10,760$7,462$5,086$3,419$764
32 years$14,564$10,181$6,962$4,674$3,092$651
33 years$13,969$9,642$6,501$4,298$2,799$555
34 years$13,410$9,138$6,074$3,955$2,534$473
35 years$12,884$8,667$5,678$3,640$2,295$403
36 years$12,388$8,227$5,312$3,353$2,079$344
37 years$11,921$7,813$4,972$3,089$1,885$293
38 years$11,479$7,426$4,656$2,847$1,709$250
39 years$11,060$7,061$4,362$2,625$1,549$213
40 years$10,664$6,718$4,089$2,422$1,405$182
41 years$10,288$6,395$3,834$2,234$1,275$155
42 years$9,931$6,090$3,596$2,062$1,157$132
43 years$9,591$5,803$3,375$1,903$1,050$113
44 years$9,268$5,531$3,168$1,757$953$96
45 years$8,959$5,275$2,974$1,623$865$82
46 years$8,666$5,032$2,794$1,499$786$70
47 years$8,385$4,802$2,625$1,385$713$60
48 years$8,117$4,584$2,466$1,280$648$51
49 years$7,861$4,377$2,318$1,183$588$44
50 years$7,616$4,182$2,179$1,093$534$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $7,800,000, adding $3,452 every year, while hoping to spend $48,896 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: 44/47/9 Blend
67$7,800,000$7,800,000$7,800,000$7,800,000
68$8,599,161$8,185,761$8,064,861$8,955,287
69$9,424,250$8,534,838$8,283,009$9,551,696
70$10,331,860$8,899,381$8,506,826$10,192,443
71$11,330,355$9,280,097$8,736,450$10,885,776
72$12,428,954$9,677,724$8,972,023$11,636,542
73$13,637,811$10,093,036$9,213,690$12,450,060
74$14,968,116$10,526,843$9,461,597$13,332,169
75$16,432,198$10,979,993$9,715,895$14,289,279
76$18,043,643$11,453,373$9,976,738$15,328,429
77$19,817,420$11,947,913$10,244,283$16,457,351
78$21,770,021$12,464,585$10,518,691$17,684,536
79$23,919,621$13,004,408$10,800,125$19,019,314
80$26,286,245$13,568,447$11,088,753$20,471,936
81$28,891,960$14,157,819$11,384,744$22,053,669
82$31,761,081$14,773,693$11,688,274$23,776,894
83$34,920,399$15,417,292$11,999,519$25,655,222
84$38,399,438$16,089,897$12,318,660$27,703,617
85$42,230,729$16,792,850$12,645,884$29,938,532
86$46,450,120$17,527,557$12,981,378$32,378,060
87$51,097,113$18,295,488$13,325,335$35,042,097
88$56,215,234$19,098,183$13,677,950$37,952,526
89$61,852,451$19,937,256$14,039,423$41,133,420
90$68,061,615$20,814,396$14,409,959$44,611,257
91$74,900,972$21,731,373$14,789,764$48,415,172
92$82,434,700$22,690,040$15,179,050$52,577,218
93$90,733,525$23,692,337$15,578,034$57,132,663
94$99,875,380$24,740,297$15,986,933$62,120,319
95$109,946,145$25,836,049$16,405,972$67,582,900
96$121,040,459$26,981,821$16,835,379$73,567,413
97$133,262,606$28,179,951$17,275,384$80,125,597
98$146,727,507$29,432,884$17,726,225$87,314,403
99$161,561,799$30,743,182$18,188,140$95,196,522
100$177,905,034$32,113,529$18,661,374$103,840,964