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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.8%
1 years$668,890$662,932$657,119$651,446$645,905$620,523
2 years$331,134$324,967$318,990$313,195$307,574$282,313
3 years$218,563$212,369$206,408$200,667$195,138$170,792
4 years$162,289$156,114$150,212$144,569$139,174$115,930
5 years$128,533$122,395$116,571$111,043$105,798$83,714
6 years$106,036$99,945$94,206$88,802$83,714$62,806
7 years$89,974$83,934$78,286$73,009$68,082$48,341
8 years$77,932$71,947$66,393$61,245$56,481$37,888
9 years$68,572$62,642$57,184$52,168$47,565$30,092
10 years$61,087$55,216$49,854$44,969$40,528$24,142
11 years$54,968$49,156$43,891$39,136$34,855$19,518
12 years$49,872$44,120$38,952$34,328$30,205$15,875
13 years$45,564$39,871$34,801$30,306$26,339$12,974
14 years$41,874$36,242$31,269$26,903$23,089$10,644
15 years$38,679$33,108$28,232$23,992$20,329$8,760
16 years$35,886$30,376$25,596$21,483$17,967$7,227
17 years$33,424$27,975$23,291$19,302$15,931$5,974
18 years$31,239$25,850$21,262$17,395$14,165$4,947
19 years$29,285$23,957$19,464$15,718$12,625$4,102
20 years$27,529$22,262$17,863$14,236$11,277$3,405
21 years$25,943$20,737$16,431$12,920$10,092$2,830
22 years$24,502$19,357$15,144$11,747$9,046$2,353
23 years$23,189$18,104$13,983$10,698$8,120$1,958
24 years$21,987$16,962$12,931$9,757$7,299$1,630
25 years$20,883$15,918$11,977$8,911$6,568$1,358
26 years$19,866$14,961$11,108$8,148$5,916$1,131
27 years$18,925$14,080$10,315$7,458$5,334$943
28 years$18,053$13,267$9,589$6,833$4,813$786
29 years$17,243$12,516$8,923$6,266$4,346$655
30 years$16,488$11,820$8,312$5,751$3,927$547
31 years$15,783$11,174$7,749$5,281$3,550$456
32 years$15,124$10,573$7,230$4,854$3,211$380
33 years$14,506$10,013$6,751$4,463$2,906$317
34 years$13,925$9,490$6,307$4,107$2,631$265
35 years$13,379$9,001$5,897$3,781$2,383$221
36 years$12,865$8,543$5,516$3,482$2,159$184
37 years$12,379$8,114$5,163$3,208$1,957$154
38 years$11,920$7,711$4,835$2,957$1,774$128
39 years$11,486$7,333$4,530$2,726$1,609$107
40 years$11,074$6,976$4,246$2,515$1,459$89
41 years$10,683$6,641$3,981$2,320$1,324$75
42 years$10,312$6,325$3,735$2,141$1,201$62
43 years$9,960$6,026$3,504$1,977$1,090$52
44 years$9,624$5,744$3,290$1,825$990$43
45 years$9,304$5,477$3,089$1,685$898$36
46 years$8,999$5,225$2,901$1,557$816$30
47 years$8,708$4,987$2,726$1,438$741$25
48 years$8,429$4,760$2,561$1,329$673$21
49 years$8,163$4,546$2,407$1,228$611$18
50 years$7,908$4,342$2,263$1,135$555$15

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 $5,059 every year, while hoping to spend $33,026 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: 22/50/28 Blend
67$8,100,000$8,100,000$8,100,000$8,100,000
68$8,931,418$8,502,118$8,376,568$9,048,412
69$9,807,284$8,883,583$8,622,044$9,534,143
70$10,771,380$9,282,632$8,874,636$10,050,338
71$11,832,673$9,700,093$9,134,548$10,601,873
72$13,001,040$10,136,832$9,401,990$11,191,660
73$14,287,365$10,593,756$9,677,176$11,822,875
74$15,703,643$11,071,816$9,960,328$12,498,989
75$17,263,088$11,572,009$10,251,673$13,223,795
76$18,980,264$12,095,378$10,551,444$14,001,437
77$20,871,216$12,643,017$10,859,883$14,836,449
78$22,953,626$13,216,071$11,177,235$15,733,791
79$25,246,980$13,815,742$11,503,756$16,698,890
80$27,772,745$14,443,287$11,839,706$17,737,686
81$30,554,582$15,100,025$12,185,353$18,856,685
82$33,618,561$15,787,337$12,540,973$20,063,011
83$36,993,409$16,506,671$12,906,850$21,364,471
84$40,710,782$17,259,544$13,283,276$22,769,619
85$44,805,565$18,047,545$13,670,549$24,287,832
86$49,316,198$18,872,340$14,068,977$25,929,395
87$54,285,040$19,735,674$14,478,878$27,705,582
88$59,758,769$20,639,378$14,900,575$29,628,766
89$65,788,824$21,585,367$15,334,405$31,712,517
90$72,431,885$22,575,652$15,780,709$33,971,733
91$79,750,417$23,612,338$16,239,841$36,422,763
92$87,813,248$24,697,631$16,712,165$39,083,556
93$96,696,229$25,833,845$17,198,052$41,973,824
94$106,482,944$27,023,403$17,697,887$45,115,212
95$117,265,501$28,268,846$18,212,063$48,531,497
96$129,145,399$29,572,837$18,740,984$52,248,802
97$142,234,490$30,938,166$19,285,067$56,295,827
98$156,656,030$32,367,758$19,844,739$60,704,113
99$172,545,847$33,864,680$20,420,439$65,508,324
100$190,053,618$35,432,144$21,012,618$70,746,566