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%15%
1 years$644,117$638,379$632,782$627,318$621,983$609,176
2 years$318,870$312,931$307,176$301,595$296,182$283,338
3 years$210,468$204,504$198,763$193,235$187,910$175,429
4 years$156,278$150,332$144,648$139,215$134,019$121,997
5 years$123,772$117,862$112,253$106,930$101,879$90,350
6 years$102,109$96,243$90,717$85,513$80,614$69,590
7 years$86,641$80,825$75,386$70,305$65,560$55,045
8 years$75,046$69,282$63,934$58,977$54,389$44,379
9 years$66,032$60,322$55,066$50,235$45,803$36,291
10 years$58,825$53,171$48,008$43,303$39,027$30,003
11 years$52,932$47,335$42,265$37,687$33,564$25,018
12 years$48,025$42,486$37,509$33,057$29,086$21,005
13 years$43,876$38,395$33,512$29,184$25,364$17,733
14 years$40,323$34,900$30,111$25,906$22,234$15,040
15 years$37,246$31,881$27,186$23,104$19,576$12,803
16 years$34,557$29,251$24,648$20,687$17,301$10,933
17 years$32,186$26,939$22,429$18,587$15,341$9,361
18 years$30,082$24,893$20,475$16,751$13,640$8,033
19 years$28,201$23,070$18,744$15,136$12,158$6,906
20 years$26,510$21,438$17,202$13,708$10,860$5,946
21 years$24,982$19,969$15,822$12,441$9,718$5,127
22 years$23,595$18,640$14,583$11,312$8,711$4,426
23 years$22,330$17,434$13,465$10,302$7,819$3,825
24 years$21,173$16,334$12,453$9,396$7,028$3,308
25 years$20,110$15,329$11,534$8,581$6,324$2,863
26 years$19,130$14,407$10,697$7,846$5,697$2,479
27 years$18,224$13,558$9,933$7,182$5,136$2,148
28 years$17,384$12,776$9,234$6,580$4,634$1,862
29 years$16,604$12,053$8,593$6,034$4,185$1,615
30 years$15,877$11,382$8,004$5,538$3,781$1,401
31 years$15,199$10,760$7,462$5,086$3,419$1,216
32 years$14,564$10,181$6,962$4,674$3,092$1,056
33 years$13,969$9,642$6,501$4,298$2,799$917
34 years$13,410$9,138$6,074$3,955$2,534$796
35 years$12,884$8,667$5,678$3,640$2,295$691
36 years$12,388$8,227$5,312$3,353$2,079$601
37 years$11,921$7,813$4,972$3,089$1,885$522
38 years$11,479$7,426$4,656$2,847$1,709$453
39 years$11,060$7,061$4,362$2,625$1,549$394
40 years$10,664$6,718$4,089$2,422$1,405$342
41 years$10,288$6,395$3,834$2,234$1,275$298
42 years$9,931$6,090$3,596$2,062$1,157$259
43 years$9,591$5,803$3,375$1,903$1,050$225
44 years$9,268$5,531$3,168$1,757$953$195
45 years$8,959$5,275$2,974$1,623$865$170
46 years$8,666$5,032$2,794$1,499$786$148
47 years$8,385$4,802$2,625$1,385$713$128
48 years$8,117$4,584$2,466$1,280$648$112
49 years$7,861$4,377$2,318$1,183$588$97
50 years$7,616$4,182$2,179$1,093$534$84

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 $5,546 every year, while hoping to spend $54,934 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: 79/16/5 Blend
67$7,800,000$7,800,000$7,800,000$7,800,000
68$8,601,321$8,187,921$8,067,021$9,278,746
69$9,420,206$8,530,679$8,278,817$10,065,906
70$10,320,777$8,888,392$8,495,866$10,921,345
71$11,311,306$9,261,734$8,718,288$11,858,007
72$12,400,911$9,651,410$8,946,202$12,883,952
73$13,599,634$10,058,160$9,179,731$14,008,055
74$14,918,543$10,482,756$9,418,998$15,240,087
75$16,369,831$10,926,008$9,664,131$16,590,806
76$17,966,933$11,388,761$9,915,258$18,072,056
77$19,724,651$11,871,901$10,172,510$19,696,880
78$21,659,297$12,376,355$10,436,021$21,479,641
79$23,788,842$12,903,094$10,705,925$23,436,155
80$26,133,091$13,453,133$10,982,360$25,583,841
81$28,713,864$14,027,534$11,265,466$27,941,880
82$31,555,203$14,627,409$11,555,385$30,531,399
83$34,683,605$15,253,922$11,852,261$33,375,666
84$38,128,261$15,908,292$12,156,240$36,500,308
85$41,921,340$16,591,795$12,467,471$39,933,553
86$46,098,288$17,305,765$12,786,103$43,706,491
87$50,698,167$18,051,601$13,112,291$47,853,371
88$55,764,015$18,830,765$13,446,188$52,411,916
89$61,343,261$19,644,788$13,787,951$57,423,682
90$67,488,166$20,495,276$14,137,740$62,934,443
91$74,256,321$21,383,906$14,495,716$68,994,627
92$81,711,184$22,312,436$14,862,041$75,659,785
93$89,922,687$23,282,707$15,236,881$82,991,113
94$98,967,886$24,296,645$15,620,402$91,056,030
95$108,931,699$25,356,268$16,012,774$99,928,809
96$119,907,696$26,463,690$16,414,166$109,691,276
97$131,998,992$27,621,121$16,824,751$120,433,579
98$145,319,212$28,830,879$17,244,703$132,255,039
99$159,993,569$30,095,389$17,674,198$145,265,078
100$176,160,041$31,417,192$18,113,412$159,584,254