Can I retire at age 68 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$685,406$679,301$673,344$667,531$661,854$639,388
2 years$339,310$332,991$326,866$320,928$315,168$292,760
3 years$223,960$217,613$211,504$205,622$199,956$178,308
4 years$166,296$159,969$153,921$148,139$142,610$121,889
5 years$131,707$125,417$119,449$113,785$108,410$88,670
6 years$108,655$102,413$96,532$90,995$85,781$67,038
7 years$92,195$86,006$80,219$74,812$69,763$52,014
8 years$79,857$73,723$68,032$62,758$57,875$41,107
9 years$70,265$64,189$58,596$53,456$48,739$32,930
10 years$62,596$56,580$51,085$46,079$41,528$26,653
11 years$56,325$50,370$44,975$40,103$35,716$21,746
12 years$51,104$45,209$39,914$35,176$30,950$17,853
13 years$46,689$40,856$35,660$31,055$26,989$14,731
14 years$42,908$37,137$32,041$27,567$23,659$12,205
15 years$39,634$33,925$28,929$24,585$20,831$10,144
16 years$36,772$31,126$26,228$22,013$18,411$8,455
17 years$34,250$28,665$23,867$19,779$16,324$7,062
18 years$32,010$26,488$21,787$17,824$14,515$5,909
19 years$30,008$24,549$19,945$16,106$12,937$4,952
20 years$28,209$22,812$18,305$14,587$11,556$4,156
21 years$26,583$21,249$16,837$13,239$10,341$3,491
22 years$25,107$19,835$15,518$12,037$9,269$2,935
23 years$23,762$18,551$14,328$10,962$8,321$2,469
24 years$22,530$17,381$13,251$9,998$7,479$2,078
25 years$21,399$16,311$12,273$9,131$6,730$1,751
26 years$20,356$15,330$11,382$8,349$6,062$1,475
27 years$19,392$14,427$10,570$7,642$5,465$1,244
28 years$18,499$13,595$9,826$7,002$4,931$1,049
29 years$17,669$12,825$9,144$6,421$4,453$884
30 years$16,895$12,112$8,517$5,893$4,024$746
31 years$16,173$11,450$7,940$5,412$3,638$630
32 years$15,497$10,834$7,408$4,974$3,291$531
33 years$14,864$10,260$6,917$4,574$2,978$448
34 years$14,269$9,724$6,463$4,208$2,696$378
35 years$13,710$9,223$6,042$3,874$2,442$319
36 years$13,182$8,754$5,653$3,568$2,213$270
37 years$12,685$8,314$5,291$3,287$2,005$228
38 years$12,214$7,902$4,955$3,030$1,818$192
39 years$11,769$7,514$4,642$2,794$1,649$162
40 years$11,347$7,149$4,351$2,577$1,495$137
41 years$10,947$6,805$4,080$2,377$1,357$116
42 years$10,567$6,481$3,827$2,194$1,231$98
43 years$10,206$6,175$3,591$2,025$1,117$83
44 years$9,862$5,886$3,371$1,870$1,014$70
45 years$9,534$5,613$3,165$1,727$921$59
46 years$9,221$5,354$2,973$1,595$836$50
47 years$8,923$5,110$2,793$1,474$759$42
48 years$8,637$4,878$2,624$1,362$689$35
49 years$8,365$4,658$2,467$1,259$626$30
50 years$8,104$4,450$2,319$1,163$569$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $8,300,000, adding $4,463 every year, while hoping to spend $43,953 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: 50/33/17 Blend
67$8,300,000$8,300,000$8,300,000$8,300,000
68$9,151,204$8,711,304$8,582,654$9,565,499
69$10,037,861$9,091,392$8,823,407$10,231,664
70$11,013,484$9,488,631$9,070,752$10,950,310
71$12,087,101$9,903,816$9,324,864$11,730,354
72$13,268,659$10,337,777$9,585,921$12,577,598
73$14,569,120$10,791,386$9,854,107$13,498,414
74$16,000,560$11,265,554$10,129,610$14,499,806
75$17,576,287$11,761,235$10,412,621$15,589,471
76$19,310,964$12,279,431$10,703,339$16,775,869
77$21,220,747$12,821,188$11,001,966$18,068,300
78$23,323,440$13,387,603$11,308,709$19,476,991
79$25,638,661$13,979,826$11,623,780$21,013,185
80$28,188,025$14,599,058$11,947,398$22,689,249
81$30,995,352$15,246,560$12,279,784$24,518,782
82$34,086,889$15,923,653$12,621,169$26,516,743
83$37,491,559$16,631,719$12,971,785$28,699,589
84$41,241,231$17,372,206$13,331,872$31,085,424
85$45,371,023$18,146,631$13,701,677$33,694,166
86$49,919,635$18,956,584$14,081,450$36,547,733
87$54,929,709$19,803,728$14,471,451$39,670,243
88$60,448,237$20,689,808$14,871,941$43,088,238
89$66,526,999$21,616,650$15,283,193$46,830,929
90$73,223,055$22,586,168$15,705,482$50,930,467
91$80,599,283$23,600,367$16,139,093$55,422,244
92$88,724,973$24,661,348$16,584,315$60,345,214
93$97,676,476$25,771,310$17,041,446$65,742,262
94$107,537,932$26,932,559$17,510,789$71,660,602
95$118,402,057$28,147,511$17,992,657$78,152,209
96$130,371,024$29,418,696$18,487,368$85,274,315
97$143,557,422$30,748,766$18,995,249$93,089,931
98$158,085,323$32,140,499$19,516,633$101,668,440
99$174,091,448$33,596,805$20,051,862$111,086,246
100$191,726,462$35,120,735$20,601,286$121,427,481