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%16.5%
1 years$677,148$671,117$665,232$659,488$653,880$636,523
2 years$335,222$328,979$322,928$317,062$311,371$294,006
3 years$221,261$214,991$208,956$203,144$197,547$180,716
4 years$164,292$158,041$152,066$146,354$140,892$124,725
5 years$130,120$123,906$118,010$112,414$107,104$91,646
6 years$107,345$101,179$95,369$89,898$84,748$70,013
7 years$91,085$84,970$79,252$73,910$68,922$54,913
8 years$78,894$72,835$67,212$62,002$57,178$43,886
9 years$69,418$63,416$57,890$52,812$48,152$35,565
10 years$61,842$55,898$50,470$45,524$41,028$29,131
11 years$55,647$49,763$44,433$39,620$35,285$24,060
12 years$50,488$44,664$39,433$34,752$30,578$20,003
13 years$46,126$40,363$35,231$30,681$26,664$16,719
14 years$42,391$36,689$31,655$27,235$23,374$14,035
15 years$39,156$33,516$28,580$24,289$20,580$11,823
16 years$36,329$30,751$25,912$21,748$18,189$9,989
17 years$33,837$28,320$23,579$19,540$16,127$8,461
18 years$31,624$26,169$21,525$17,610$14,340$7,180
19 years$29,647$24,253$19,705$15,912$12,781$6,104
20 years$27,869$22,537$18,084$14,411$11,416$5,197
21 years$26,263$20,993$16,634$13,079$10,216$4,430
22 years$24,805$19,596$15,331$11,892$9,158$3,780
23 years$23,475$18,328$14,155$10,830$8,220$3,228
24 years$22,259$17,172$13,091$9,878$7,389$2,759
25 years$21,141$16,115$12,125$9,021$6,649$2,359
26 years$20,111$15,145$11,245$8,248$5,989$2,019
27 years$19,159$14,254$10,442$7,550$5,400$1,728
28 years$18,276$13,431$9,707$6,917$4,872$1,480
29 years$17,456$12,671$9,034$6,343$4,399$1,268
30 years$16,692$11,966$8,414$5,822$3,975$1,086
31 years$15,978$11,312$7,845$5,347$3,594$931
32 years$15,311$10,703$7,319$4,914$3,251$798
33 years$14,685$10,136$6,834$4,519$2,942$684
34 years$14,097$9,607$6,385$4,157$2,664$587
35 years$13,544$9,112$5,970$3,827$2,413$503
36 years$13,023$8,649$5,585$3,525$2,186$432
37 years$12,532$8,214$5,227$3,248$1,981$370
38 years$12,067$7,806$4,895$2,993$1,796$318
39 years$11,627$7,423$4,586$2,760$1,629$273
40 years$11,211$7,062$4,298$2,546$1,477$234
41 years$10,815$6,723$4,031$2,349$1,340$201
42 years$10,440$6,403$3,781$2,168$1,216$172
43 years$10,083$6,100$3,548$2,001$1,104$148
44 years$9,743$5,815$3,330$1,848$1,002$127
45 years$9,419$5,545$3,127$1,706$910$109
46 years$9,110$5,290$2,937$1,576$826$93
47 years$8,815$5,048$2,759$1,456$750$80
48 years$8,533$4,819$2,593$1,346$681$69
49 years$8,264$4,602$2,437$1,244$619$59
50 years$8,006$4,396$2,291$1,149$562$51

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 $4,986 every year, while hoping to spend $22,797 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: 77/15/8 Blend
67$8,200,000$8,200,000$8,200,000$8,200,000
68$9,041,543$8,606,943$8,479,843$9,727,071
69$9,939,525$9,004,427$8,739,662$10,575,674
70$10,928,336$9,420,624$9,007,421$11,502,415
71$12,017,219$9,856,427$9,283,361$12,517,834
72$13,216,354$10,312,771$9,567,733$13,630,737
73$14,536,962$10,790,637$9,860,792$14,850,823
74$15,991,408$11,291,054$10,162,805$16,188,766
75$17,593,315$11,815,099$10,474,042$17,656,319
76$19,357,696$12,363,902$10,794,785$19,266,421
77$21,301,095$12,938,647$11,125,324$21,033,322
78$23,441,741$13,540,575$11,465,957$22,972,709
79$25,799,723$14,170,987$11,816,991$25,101,860
80$28,397,177$14,831,248$12,178,742$27,439,797
81$31,258,497$15,522,787$12,551,538$30,007,473
82$34,410,562$16,247,103$12,935,714$32,827,960
83$37,882,996$17,005,766$13,331,616$35,926,669
84$41,708,437$17,800,425$13,739,601$39,331,585
85$45,922,857$18,632,806$14,160,037$43,073,534
86$50,565,894$19,504,718$14,593,303$47,186,465
87$55,681,225$20,418,059$15,039,789$51,707,772
88$61,316,985$21,374,819$15,499,897$56,678,646
89$67,526,214$22,377,082$15,974,041$62,144,456
90$74,367,365$23,427,036$16,462,648$68,155,180
91$81,904,848$24,526,972$16,966,158$74,765,871
92$90,209,642$25,679,293$17,485,024$82,037,172
93$99,359,965$26,886,519$18,019,712$90,035,891
94$109,442,014$28,151,290$18,570,705$98,835,623
95$120,550,772$29,476,377$19,138,496$108,517,443
96$132,790,913$30,864,681$19,723,598$119,170,669
97$146,277,782$32,319,246$20,326,535$130,893,700
98$161,138,492$33,843,265$20,947,849$143,794,943
99$177,513,115$35,440,083$21,588,100$157,993,827
100$195,556,013$37,113,207$22,247,861$173,621,934