Can I retire at age 68 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$668,890$662,932$657,119$651,446$645,905$624,729
2 years$331,134$324,967$318,990$313,195$307,574$286,442
3 years$218,563$212,369$206,408$200,667$195,138$174,712
4 years$162,289$156,114$150,212$144,569$139,174$119,612
5 years$128,533$122,395$116,571$111,043$105,798$87,151
6 years$106,036$99,945$94,206$88,802$83,714$65,999
7 years$89,974$83,934$78,286$73,009$68,082$51,295
8 years$77,932$71,947$66,393$61,245$56,481$40,610
9 years$68,572$62,642$57,184$52,168$47,565$32,592
10 years$61,087$55,216$49,854$44,969$40,528$26,430
11 years$54,968$49,156$43,891$39,136$34,855$21,605
12 years$49,872$44,120$38,952$34,328$30,205$17,774
13 years$45,564$39,871$34,801$30,306$26,339$14,696
14 years$41,874$36,242$31,269$26,903$23,089$12,200
15 years$38,679$33,108$28,232$23,992$20,329$10,162
16 years$35,886$30,376$25,596$21,483$17,967$8,488
17 years$33,424$27,975$23,291$19,302$15,931$7,105
18 years$31,239$25,850$21,262$17,395$14,165$5,959
19 years$29,285$23,957$19,464$15,718$12,625$5,005
20 years$27,529$22,262$17,863$14,236$11,277$4,210
21 years$25,943$20,737$16,431$12,920$10,092$3,544
22 years$24,502$19,357$15,144$11,747$9,046$2,987
23 years$23,189$18,104$13,983$10,698$8,120$2,519
24 years$21,987$16,962$12,931$9,757$7,299$2,125
25 years$20,883$15,918$11,977$8,911$6,568$1,795
26 years$19,866$14,961$11,108$8,148$5,916$1,516
27 years$18,925$14,080$10,315$7,458$5,334$1,281
28 years$18,053$13,267$9,589$6,833$4,813$1,083
29 years$17,243$12,516$8,923$6,266$4,346$915
30 years$16,488$11,820$8,312$5,751$3,927$774
31 years$15,783$11,174$7,749$5,281$3,550$655
32 years$15,124$10,573$7,230$4,854$3,211$554
33 years$14,506$10,013$6,751$4,463$2,906$469
34 years$13,925$9,490$6,307$4,107$2,631$397
35 years$13,379$9,001$5,897$3,781$2,383$336
36 years$12,865$8,543$5,516$3,482$2,159$284
37 years$12,379$8,114$5,163$3,208$1,957$240
38 years$11,920$7,711$4,835$2,957$1,774$204
39 years$11,486$7,333$4,530$2,726$1,609$172
40 years$11,074$6,976$4,246$2,515$1,459$146
41 years$10,683$6,641$3,981$2,320$1,324$123
42 years$10,312$6,325$3,735$2,141$1,201$105
43 years$9,960$6,026$3,504$1,977$1,090$89
44 years$9,624$5,744$3,290$1,825$990$75
45 years$9,304$5,477$3,089$1,685$898$63
46 years$8,999$5,225$2,901$1,557$816$54
47 years$8,708$4,987$2,726$1,438$741$45
48 years$8,429$4,760$2,561$1,329$673$39
49 years$8,163$4,546$2,407$1,228$611$33
50 years$7,908$4,342$2,263$1,135$555$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $8,100,000, adding $4,994 every year, while hoping to spend $29,661 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: 41/42/17 Blend
67$8,100,000$8,100,000$8,100,000$8,100,000
68$8,931,351$8,502,051$8,376,501$9,252,556
69$9,810,790$8,887,093$8,625,555$9,865,802
70$10,778,937$9,290,007$8,881,958$10,525,863
71$11,844,810$9,711,639$9,145,925$11,239,656
72$13,018,345$10,152,873$9,417,677$12,012,099
73$14,310,489$10,614,636$9,697,442$12,848,586
74$15,733,306$11,097,901$9,985,453$13,755,039
75$17,300,089$11,603,684$10,281,952$14,737,954
76$19,025,487$12,133,053$10,587,187$15,804,462
77$20,925,641$12,687,127$10,901,411$16,962,395
78$23,018,336$13,267,076$11,224,888$18,220,350
79$25,323,171$13,874,128$11,557,888$19,587,772
80$27,861,745$14,509,570$11,900,687$21,075,034
81$30,657,854$15,174,751$12,253,571$22,693,533
82$33,737,725$15,871,083$12,616,835$24,455,792
83$37,130,254$16,600,048$12,990,781$26,375,573
84$40,867,287$17,363,197$13,375,719$28,468,004
85$44,983,915$18,162,157$13,771,969$30,749,712
86$49,518,805$18,998,634$14,179,861$33,238,976
87$54,514,570$19,874,414$14,599,734$35,955,898
88$60,018,166$20,791,370$15,031,934$38,922,579
89$66,081,336$21,751,464$15,476,822$42,163,326
90$72,761,101$22,756,755$15,934,764$45,704,872
91$80,120,296$23,809,398$16,406,141$49,576,625
92$88,228,161$24,911,654$16,891,342$53,810,934
93$97,161,000$26,065,892$17,390,769$58,443,389
94$107,002,896$27,274,595$17,904,833$63,513,146
95$117,846,507$28,540,366$18,433,961$69,063,291
96$129,793,940$29,865,932$18,978,587$75,141,238
97$142,957,714$31,254,155$19,539,162$81,799,165
98$157,461,824$32,708,032$20,116,147$89,094,495
99$173,442,910$34,230,705$20,710,018$97,090,435
100$191,051,545$35,825,469$21,321,262$105,856,554