Can I retire at age 68 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$652,375$646,564$640,894$635,360$629,957$612,740
2 years$322,958$316,943$311,114$305,462$299,980$282,760
3 years$213,166$207,126$201,311$195,712$190,319$173,636
4 years$158,282$152,259$146,503$141,000$135,737$119,718
5 years$125,359$119,373$113,692$108,301$103,185$87,874
6 years$103,418$97,477$91,880$86,609$81,647$67,058
7 years$87,752$81,861$76,353$71,206$66,401$52,535
8 years$76,008$70,170$64,753$59,733$55,086$41,936
9 years$66,878$61,096$55,772$50,879$46,390$33,944
10 years$59,579$53,853$48,623$43,859$39,527$27,769
11 years$53,611$47,942$42,807$38,170$33,994$22,906
12 years$48,641$43,030$37,990$33,480$29,459$19,018
13 years$44,439$38,887$33,942$29,558$25,689$15,875
14 years$40,840$35,347$30,497$26,238$22,519$13,308
15 years$37,724$32,290$27,535$23,400$19,827$11,195
16 years$35,000$29,626$24,964$20,952$17,523$9,445
17 years$32,599$27,284$22,716$18,825$15,537$7,988
18 years$30,467$25,212$20,737$16,965$13,815$6,769
19 years$28,562$23,366$18,984$15,330$12,314$5,746
20 years$26,850$21,713$17,422$13,884$10,999$4,885
21 years$25,302$20,225$16,025$12,601$9,843$4,157
22 years$23,897$18,879$14,770$11,457$8,823$3,542
23 years$22,617$17,657$13,637$10,434$7,920$3,020
24 years$21,444$16,544$12,612$9,516$7,118$2,577
25 years$20,367$15,525$11,681$8,691$6,405$2,200
26 years$19,375$14,591$10,834$7,947$5,770$1,880
27 years$18,458$13,732$10,060$7,274$5,202$1,606
28 years$17,607$12,940$9,352$6,664$4,694$1,373
29 years$16,817$12,207$8,703$6,111$4,238$1,175
30 years$16,081$11,528$8,107$5,609$3,830$1,005
31 years$15,394$10,898$7,558$5,151$3,462$860
32 years$14,751$10,312$7,051$4,734$3,132$736
33 years$14,148$9,765$6,584$4,353$2,834$630
34 years$13,582$9,255$6,152$4,005$2,566$539
35 years$13,049$8,779$5,751$3,687$2,324$462
36 years$12,547$8,332$5,380$3,396$2,106$395
37 years$12,073$7,914$5,036$3,129$1,909$339
38 years$11,626$7,521$4,716$2,884$1,730$290
39 years$11,202$7,152$4,418$2,659$1,569$248
40 years$10,801$6,804$4,141$2,453$1,423$213
41 years$10,420$6,477$3,883$2,263$1,291$182
42 years$10,058$6,168$3,642$2,088$1,172$156
43 years$9,714$5,877$3,418$1,928$1,063$134
44 years$9,386$5,602$3,208$1,780$965$115
45 years$9,074$5,342$3,013$1,644$876$98
46 years$8,777$5,096$2,829$1,518$796$84
47 years$8,493$4,863$2,658$1,403$722$72
48 years$8,221$4,643$2,498$1,296$656$62
49 years$7,962$4,434$2,348$1,198$596$53
50 years$7,713$4,235$2,207$1,107$541$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $7,900,000, adding $5,124 every year, while hoping to spend $25,229 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: 25/48/27 Blend
67$7,900,000$7,900,000$7,900,000$7,900,000
68$8,711,085$8,292,385$8,169,935$8,854,759
69$9,572,773$8,671,869$8,416,785$9,353,979
70$10,521,506$9,069,101$8,671,058$9,886,372
71$11,566,139$9,484,926$8,932,977$10,456,682
72$12,716,424$9,920,227$9,202,771$11,068,105
73$13,983,110$10,375,929$9,480,675$11,724,134
74$15,378,042$10,853,003$9,766,931$12,428,588
75$16,914,268$11,352,467$10,061,790$13,185,645
76$18,606,171$11,875,385$10,365,508$13,999,874
77$20,469,598$12,422,877$10,678,350$14,876,279
78$22,522,011$12,996,111$11,000,588$15,820,336
79$24,782,652$13,596,316$11,332,504$16,838,042
80$27,272,725$14,224,779$11,674,385$17,935,968
81$30,015,596$14,882,846$12,026,531$19,121,312
82$33,037,014$15,571,932$12,389,246$20,401,967
83$36,365,350$16,293,518$12,762,847$21,786,581
84$40,031,872$17,049,156$13,147,658$23,284,642
85$44,071,032$17,840,474$13,544,014$24,906,555
86$48,520,798$18,669,178$13,952,259$26,663,733
87$53,423,007$19,537,056$14,372,748$28,568,704
88$58,823,764$20,445,982$14,805,845$30,635,215
89$64,773,874$21,397,921$15,251,926$32,878,356
90$71,329,323$22,394,933$15,711,380$35,314,696
91$78,551,806$23,439,176$16,184,603$37,962,433
92$86,509,309$24,532,915$16,672,006$40,841,548
93$95,276,752$25,678,521$17,174,011$43,973,997
94$104,936,694$26,878,482$17,691,054$47,383,897
95$115,580,114$28,135,404$18,223,581$51,097,750
96$127,307,269$29,452,023$18,772,055$55,144,684
97$140,228,640$30,831,202$19,336,949$59,556,710
98$154,465,976$32,275,945$19,918,751$64,369,020
99$170,153,442$33,789,403$20,517,966$69,620,301
100$187,438,886$35,374,876$21,135,110$75,353,094