Can I retire at age 68 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$677,148$671,117$665,232$659,488$653,880$634,474
2 years$335,222$328,979$322,928$317,062$311,371$291,981
3 years$221,261$214,991$208,956$203,144$197,547$178,779
4 years$164,292$158,041$152,066$146,354$140,892$122,891
5 years$130,120$123,906$118,010$112,414$107,104$89,919
6 years$107,345$101,179$95,369$89,898$84,748$68,394
7 years$91,085$84,970$79,252$73,910$68,922$53,399
8 years$78,894$72,835$67,212$62,002$57,178$42,476
9 years$69,418$63,416$57,890$52,812$48,152$34,256
10 years$61,842$55,898$50,470$45,524$41,028$27,919
11 years$55,647$49,763$44,433$39,620$35,285$22,941
12 years$50,488$44,664$39,433$34,752$30,578$18,973
13 years$46,126$40,363$35,231$30,681$26,664$15,772
14 years$42,391$36,689$31,655$27,235$23,374$13,167
15 years$39,156$33,516$28,580$24,289$20,580$11,030
16 years$36,329$30,751$25,912$21,748$18,189$9,266
17 years$33,837$28,320$23,579$19,540$16,127$7,802
18 years$31,624$26,169$21,525$17,610$14,340$6,582
19 years$29,647$24,253$19,705$15,912$12,781$5,562
20 years$27,869$22,537$18,084$14,411$11,416$4,707
21 years$26,263$20,993$16,634$13,079$10,216$3,987
22 years$24,805$19,596$15,331$11,892$9,158$3,381
23 years$23,475$18,328$14,155$10,830$8,220$2,870
24 years$22,259$17,172$13,091$9,878$7,389$2,437
25 years$21,141$16,115$12,125$9,021$6,649$2,071
26 years$20,111$15,145$11,245$8,248$5,989$1,760
27 years$19,159$14,254$10,442$7,550$5,400$1,497
28 years$18,276$13,431$9,707$6,917$4,872$1,274
29 years$17,456$12,671$9,034$6,343$4,399$1,084
30 years$16,692$11,966$8,414$5,822$3,975$923
31 years$15,978$11,312$7,845$5,347$3,594$786
32 years$15,311$10,703$7,319$4,914$3,251$669
33 years$14,685$10,136$6,834$4,519$2,942$570
34 years$14,097$9,607$6,385$4,157$2,664$486
35 years$13,544$9,112$5,970$3,827$2,413$414
36 years$13,023$8,649$5,585$3,525$2,186$352
37 years$12,532$8,214$5,227$3,248$1,981$300
38 years$12,067$7,806$4,895$2,993$1,796$256
39 years$11,627$7,423$4,586$2,760$1,629$218
40 years$11,211$7,062$4,298$2,546$1,477$186
41 years$10,815$6,723$4,031$2,349$1,340$158
42 years$10,440$6,403$3,781$2,168$1,216$135
43 years$10,083$6,100$3,548$2,001$1,104$115
44 years$9,743$5,815$3,330$1,848$1,002$98
45 years$9,419$5,545$3,127$1,706$910$84
46 years$9,110$5,290$2,937$1,576$826$71
47 years$8,815$5,048$2,759$1,456$750$61
48 years$8,533$4,819$2,593$1,346$681$52
49 years$8,264$4,602$2,437$1,244$619$44
50 years$8,006$4,396$2,291$1,149$562$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $8,200,000, adding $2,820 every year, while hoping to spend $55,947 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: 60/23/17 Blend
67$8,200,000$8,200,000$8,200,000$8,200,000
68$9,039,309$8,604,709$8,477,609$9,542,095
69$9,901,791$8,966,812$8,702,082$10,244,052
70$10,850,372$9,344,784$8,932,199$11,003,024
71$11,893,773$9,739,342$9,168,091$11,829,712
72$13,041,606$10,151,238$9,409,891$12,730,677
73$14,304,461$10,581,259$9,657,733$13,713,133
74$15,694,003$11,030,229$9,911,754$14,785,017
75$17,223,090$11,499,008$10,172,096$15,955,064
76$18,905,884$11,988,499$10,438,901$17,232,880
77$20,757,994$12,499,645$10,712,314$18,629,039
78$22,796,616$13,033,434$10,992,483$20,155,175
79$25,040,699$13,590,900$11,279,559$21,824,094
80$27,511,121$14,173,125$11,573,695$23,649,888
81$30,230,889$14,781,242$11,875,047$25,648,071
82$33,225,352$15,416,435$12,183,774$27,835,718
83$36,522,445$16,079,947$12,500,037$30,231,626
84$40,152,946$16,773,077$12,824,000$32,856,490
85$44,150,773$17,497,183$13,155,830$35,733,093
86$48,553,298$18,253,692$13,495,697$38,886,518
87$53,401,704$19,044,092$13,843,772$42,344,387
88$58,741,370$19,869,945$14,200,231$46,137,112
89$64,622,302$20,732,884$14,565,250$50,298,182
90$71,099,602$21,634,621$14,939,012$54,864,476
91$78,233,990$22,576,946$15,321,698$59,876,605
92$86,092,376$23,561,736$15,713,494$65,379,297
93$94,748,491$24,590,954$16,114,588$71,421,809
94$104,283,583$25,666,656$16,525,172$78,058,392
95$114,787,182$26,790,996$16,945,440$85,348,799
96$126,357,949$27,966,229$17,375,586$93,358,841
97$139,104,602$29,194,716$17,815,810$102,161,009
98$153,146,945$30,478,930$18,266,313$111,835,149
99$168,616,997$31,821,462$18,727,299$122,469,213
100$185,660,240$33,225,023$19,198,973$134,160,086