Can I retire at age 68 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$660,633$654,748$649,007$643,403$637,931$632,322
2 years$327,046$320,955$315,052$309,328$303,777$298,125
3 years$215,865$209,748$203,859$198,190$192,728$187,208
4 years$160,285$154,187$148,357$142,785$137,456$132,110
5 years$126,946$120,884$115,131$109,672$104,492$99,336
6 years$104,727$98,711$93,043$87,706$82,681$77,722
7 years$88,863$82,897$77,319$72,108$67,241$62,482
8 years$76,970$71,058$65,573$60,489$55,783$51,222
9 years$67,725$61,869$56,478$51,524$46,978$42,614
10 years$60,333$54,535$49,239$44,414$40,027$35,859
11 years$54,289$48,549$43,349$38,653$34,425$30,448
12 years$49,256$43,575$38,471$33,904$29,832$26,043
13 years$45,001$39,379$34,371$29,932$26,014$22,408
14 years$41,357$35,794$30,883$26,571$22,804$19,377
15 years$38,201$32,699$27,883$23,696$20,078$16,825
16 years$35,443$30,001$25,280$21,217$17,745$14,661
17 years$33,012$27,629$23,004$19,064$15,734$12,814
18 years$30,853$25,531$21,000$17,180$13,990$11,228
19 years$28,924$23,662$19,224$15,524$12,470$9,860
20 years$27,189$21,988$17,643$14,060$11,138$8,675
21 years$25,622$20,481$16,228$12,760$9,967$7,645
22 years$24,200$19,118$14,957$11,602$8,934$6,747
23 years$22,903$17,881$13,810$10,566$8,020$5,962
24 years$21,716$16,753$12,772$9,637$7,208$5,274
25 years$20,625$15,722$11,829$8,801$6,487$4,670
26 years$19,620$14,776$10,971$8,047$5,843$4,139
27 years$18,691$13,906$10,188$7,366$5,268$3,670
28 years$17,830$13,103$9,471$6,749$4,753$3,257
29 years$17,030$12,362$8,813$6,189$4,292$2,893
30 years$16,285$11,674$8,209$5,680$3,878$2,570
31 years$15,589$11,036$7,653$5,216$3,506$2,284
32 years$14,937$10,442$7,141$4,794$3,172$2,031
33 years$14,327$9,889$6,667$4,408$2,870$1,807
34 years$13,753$9,373$6,229$4,056$2,599$1,608
35 years$13,214$8,890$5,824$3,734$2,354$1,431
36 years$12,706$8,438$5,448$3,439$2,133$1,274
37 years$12,226$8,014$5,100$3,168$1,933$1,134
38 years$11,773$7,616$4,775$2,920$1,752$1,010
39 years$11,344$7,242$4,474$2,693$1,589$900
40 years$10,937$6,890$4,194$2,484$1,441$802
41 years$10,552$6,559$3,932$2,291$1,308$714
42 years$10,185$6,246$3,689$2,115$1,187$637
43 years$9,837$5,952$3,461$1,952$1,077$567
44 years$9,505$5,673$3,249$1,803$977$506
45 years$9,189$5,410$3,051$1,665$887$451
46 years$8,888$5,161$2,865$1,538$806$402
47 years$8,600$4,925$2,692$1,421$732$358
48 years$8,325$4,702$2,530$1,313$664$319
49 years$8,062$4,490$2,378$1,213$603$285
50 years$7,811$4,289$2,235$1,121$548$254

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $8,000,000, adding $5,766 every year, while hoping to spend $20,166 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: 37/39/24 Blend
67$8,000,000$8,000,000$8,000,000$8,000,000
68$8,821,948$8,397,948$8,273,948$9,084,629
69$9,700,330$8,787,991$8,529,668$9,667,559
70$10,667,631$9,196,470$8,793,280$10,294,509
71$11,732,900$9,624,267$9,065,025$10,971,327
72$12,906,107$10,072,308$9,345,155$11,702,518
73$14,198,240$10,541,560$9,633,927$12,493,024
74$15,621,404$11,033,041$9,931,608$13,348,261
75$17,188,943$11,547,815$10,238,472$14,274,174
76$18,915,556$12,086,999$10,554,802$15,277,284
77$20,817,444$12,651,764$10,880,889$16,364,748
78$22,912,459$13,243,335$11,217,034$17,544,421
79$25,220,271$13,863,000$11,563,547$18,824,926
80$27,762,559$14,512,107$11,920,745$20,215,734
81$30,563,209$15,192,070$12,288,960$21,727,244
82$33,648,545$15,904,370$12,668,528$23,370,880
83$37,047,574$16,650,561$13,059,801$25,159,191
84$40,792,260$17,432,273$13,463,138$27,105,967
85$44,917,828$18,251,211$13,878,911$29,226,360
86$49,463,094$19,109,168$14,307,502$31,537,025
87$54,470,832$20,008,020$14,749,306$34,056,269
88$59,988,178$20,949,734$15,204,729$36,804,216
89$66,067,075$21,936,374$15,674,190$39,802,994
90$72,764,762$22,970,102$16,158,121$43,076,933
91$80,144,318$24,053,187$16,656,968$46,652,792
92$88,275,250$25,188,005$17,171,189$50,559,998
93$97,234,159$26,377,051$17,701,257$54,830,922
94$107,105,454$27,622,936$18,247,659$59,501,170
95$117,982,153$28,928,403$18,810,898$64,609,916
96$129,966,761$30,296,324$19,391,493$70,200,259
97$143,172,239$31,729,711$19,989,975$76,319,622
98$157,723,064$33,231,724$20,606,896$83,020,190
99$173,756,412$34,805,674$21,242,823$90,359,389
100$191,423,447$36,455,034$21,898,339$98,400,421