Can I retire at age 68 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$693,664$687,485$681,457$675,573$669,828$646,319
2 years$343,398$337,003$330,804$324,795$318,966$295,528
3 years$226,658$220,235$214,052$208,099$202,365$179,734
4 years$168,299$161,896$155,775$149,924$144,328$122,678
5 years$133,293$126,928$120,888$115,156$109,716$89,103
6 years$109,964$103,647$97,695$92,091$86,815$67,255
7 years$93,306$87,042$81,185$75,713$70,604$52,093
8 years$80,819$74,611$68,852$63,514$58,572$41,096
9 years$71,111$64,963$59,302$54,100$49,326$32,861
10 years$63,350$57,261$51,701$46,634$42,029$26,547
11 years$57,004$50,976$45,517$40,586$36,146$21,617
12 years$51,719$45,754$40,395$35,599$31,323$17,712
13 years$47,251$41,348$36,090$31,429$27,315$14,585
14 years$43,425$37,584$32,427$27,899$23,944$12,058
15 years$40,111$34,334$29,277$24,881$21,082$10,001
16 years$37,215$31,501$26,544$22,278$18,632$8,317
17 years$34,662$29,011$24,154$20,017$16,521$6,932
18 years$32,396$26,807$22,050$18,039$14,689$5,787
19 years$30,370$24,845$20,185$16,300$13,093$4,839
20 years$28,549$23,087$18,525$14,763$11,695$4,051
21 years$26,904$21,505$17,040$13,398$10,466$3,395
22 years$25,410$20,074$15,705$12,182$9,381$2,848
23 years$24,048$18,775$14,500$11,094$8,421$2,390
24 years$22,802$17,591$13,410$10,119$7,569$2,007
25 years$21,656$16,508$12,421$9,241$6,811$1,687
26 years$20,601$15,515$11,520$8,449$6,135$1,418
27 years$19,626$14,601$10,697$7,734$5,531$1,192
28 years$18,722$13,759$9,944$7,086$4,991$1,003
29 years$17,882$12,980$9,254$6,498$4,507$844
30 years$17,099$12,258$8,620$5,964$4,072$710
31 years$16,368$11,588$8,036$5,477$3,682$598
32 years$15,684$10,964$7,498$5,034$3,330$503
33 years$15,043$10,383$7,001$4,629$3,014$424
34 years$14,441$9,841$6,541$4,259$2,729$357
35 years$13,875$9,334$6,115$3,921$2,471$300
36 years$13,341$8,860$5,721$3,611$2,239$253
37 years$12,837$8,415$5,354$3,327$2,030$213
38 years$12,361$7,997$5,014$3,066$1,840$179
39 years$11,911$7,604$4,698$2,827$1,669$151
40 years$11,484$7,235$4,403$2,608$1,513$127
41 years$11,079$6,887$4,129$2,406$1,373$107
42 years$10,694$6,559$3,873$2,221$1,246$90
43 years$10,329$6,249$3,634$2,050$1,131$76
44 years$9,980$5,957$3,411$1,893$1,026$64
45 years$9,649$5,680$3,203$1,748$932$54
46 years$9,332$5,419$3,009$1,615$846$45
47 years$9,030$5,171$2,826$1,492$768$38
48 years$8,741$4,937$2,656$1,378$698$32
49 years$8,465$4,714$2,497$1,274$634$27
50 years$8,201$4,503$2,347$1,177$575$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $8,400,000, adding $2,373 every year, while hoping to spend $52,383 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: 55/24/21 Blend
67$8,400,000$8,400,000$8,400,000$8,400,000
68$9,259,248$8,814,048$8,683,848$9,715,570
69$10,147,956$9,190,201$8,919,022$10,404,315
70$11,125,557$9,583,030$9,160,318$11,148,239
71$12,201,062$9,993,297$9,407,887$11,957,258
72$13,384,400$10,421,799$9,661,881$12,837,625
73$14,686,513$10,869,370$9,922,458$13,796,214
74$16,119,453$11,336,885$10,189,776$14,840,587
75$17,696,503$11,825,258$10,463,999$15,979,059
76$19,432,297$12,335,447$10,745,294$17,220,779
77$21,342,961$12,868,454$11,033,831$18,575,808
78$23,446,262$13,425,327$11,329,784$20,055,218
79$25,761,780$14,007,167$11,633,331$21,671,191
80$28,311,086$14,615,123$11,944,652$23,437,132
81$31,117,952$15,250,399$12,263,933$25,367,790
82$34,208,571$15,914,257$12,591,363$27,479,402
83$37,611,806$16,608,016$12,927,134$29,789,834
84$41,359,460$17,333,059$13,271,443$32,318,754
85$45,486,580$18,090,833$13,624,491$35,087,812
86$50,031,782$18,882,855$13,986,482$38,120,839
87$55,037,620$19,710,711$14,357,626$41,444,072
88$60,550,985$20,576,064$14,738,135$45,086,398
89$66,623,549$21,480,655$15,128,225$49,079,619
90$73,312,250$22,426,306$15,528,120$53,458,753
91$80,679,831$23,414,926$15,938,043$58,262,359
92$88,795,432$24,448,515$16,358,225$63,532,895
93$97,735,241$25,529,167$16,788,901$69,317,119
94$107,583,214$26,659,076$17,230,308$75,666,519
95$118,431,869$27,840,538$17,682,691$82,637,802
96$130,383,155$29,075,959$18,146,296$90,293,419
97$143,549,416$30,367,860$18,621,376$98,702,151
98$158,054,451$31,718,880$19,108,187$107,939,754
99$174,034,684$33,131,784$19,606,990$118,089,668
100$191,640,450$34,609,470$20,118,052$129,243,796