Can I retire at age 68 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$701,922$695,670$689,570$683,616$677,802$667,398
2 years$347,486$341,015$334,743$328,661$322,763$312,306
3 years$229,356$222,857$216,601$210,577$204,774$194,590
4 years$170,303$163,823$157,630$151,709$146,047$136,213
5 years$134,880$128,439$122,327$116,527$111,022$101,569
6 years$111,273$104,880$98,859$93,187$87,848$78,785
7 years$94,417$88,078$82,152$76,614$71,444$62,775
8 years$81,781$75,500$69,671$64,270$59,270$50,992
9 years$71,958$65,736$60,008$54,744$49,914$42,024
10 years$64,104$57,943$52,316$47,190$42,529$35,021
11 years$57,683$51,583$46,058$41,069$36,576$29,443
12 years$52,335$46,298$40,876$36,023$31,696$24,928
13 years$47,814$41,840$36,520$31,803$27,640$21,227
14 years$43,942$38,032$32,813$28,231$24,229$18,161
15 years$40,589$34,743$29,626$25,177$21,333$15,599
16 years$37,658$31,876$26,860$22,544$18,854$13,444
17 years$35,075$29,356$24,442$20,255$16,717$11,618
18 years$32,781$27,126$22,312$18,254$14,864$10,064
19 years$30,731$25,141$20,426$16,494$13,249$8,735
20 years$28,889$23,362$18,746$14,939$11,834$7,595
21 years$27,224$21,761$17,242$13,558$10,590$6,614
22 years$25,712$20,313$15,892$12,327$9,493$5,767
23 years$24,334$18,998$14,673$11,226$8,521$5,034
24 years$23,073$17,800$13,570$10,239$7,659$4,398
25 years$21,914$16,704$12,569$9,351$6,892$3,846
26 years$20,847$15,699$11,657$8,550$6,208$3,365
27 years$19,860$14,775$10,824$7,826$5,597$2,947
28 years$18,945$13,922$10,063$7,170$5,050$2,582
29 years$18,094$13,134$9,364$6,575$4,560$2,263
30 years$17,302$12,404$8,722$6,035$4,121$1,984
31 years$16,563$11,726$8,132$5,542$3,725$1,741
32 years$15,871$11,095$7,587$5,093$3,370$1,527
33 years$15,222$10,507$7,084$4,684$3,050$1,341
34 years$14,613$9,958$6,619$4,310$2,761$1,177
35 years$14,040$9,445$6,188$3,967$2,501$1,034
36 years$13,500$8,965$5,789$3,654$2,266$908
37 years$12,990$8,515$5,418$3,366$2,054$798
38 years$12,509$8,092$5,074$3,103$1,862$701
39 years$12,053$7,695$4,754$2,861$1,688$616
40 years$11,621$7,321$4,456$2,639$1,531$541
41 years$11,211$6,969$4,178$2,435$1,389$476
42 years$10,822$6,637$3,919$2,247$1,261$418
43 years$10,452$6,324$3,678$2,074$1,144$367
44 years$10,099$6,028$3,452$1,915$1,039$323
45 years$9,763$5,748$3,241$1,769$943$284
46 years$9,443$5,483$3,044$1,634$856$250
47 years$9,138$5,233$2,860$1,509$777$219
48 years$8,846$4,995$2,688$1,395$706$193
49 years$8,566$4,770$2,526$1,289$641$170
50 years$8,299$4,557$2,375$1,191$582$149

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $8,500,000, adding $2,199 every year, while hoping to spend $40,923 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: 46/34/20 Blend
67$8,500,000$8,500,000$8,500,000$8,500,000
68$9,369,268$8,918,768$8,787,018$9,746,555
69$10,281,392$9,312,246$9,037,842$10,404,331
70$11,285,181$9,723,633$9,295,696$11,113,291
71$12,389,941$10,153,763$9,560,774$11,881,618
72$13,605,927$10,603,510$9,833,272$12,714,860
73$14,944,439$11,073,789$10,113,394$13,619,116
74$16,417,927$11,565,559$10,401,347$14,601,080
75$18,040,108$12,079,825$10,697,345$15,668,109
76$19,826,100$12,617,637$11,001,607$16,828,287
77$21,792,559$13,180,098$11,314,358$18,090,497
78$23,957,839$13,768,361$11,635,828$19,464,502
79$26,342,164$14,383,637$11,966,254$20,961,035
80$28,967,820$15,027,191$12,305,879$22,591,895
81$31,859,364$15,700,349$12,654,952$24,370,054
82$35,043,855$16,404,502$13,013,729$26,309,779
83$38,551,112$17,141,107$13,382,473$28,426,758
84$42,413,992$17,911,687$13,761,452$30,738,248
85$46,668,702$18,717,842$14,150,943$33,263,230
86$51,355,139$19,561,246$14,551,229$36,022,584
87$56,517,268$20,443,653$14,962,601$39,039,284
88$62,203,539$21,366,900$15,385,356$42,338,606
89$68,467,336$22,332,915$15,819,802$45,948,362
90$75,367,490$23,343,713$16,266,251$49,899,160
91$82,968,829$24,401,411$16,725,026$54,224,683
92$91,342,791$25,508,221$17,196,456$58,962,002
93$100,568,099$26,666,467$17,680,880$64,151,922
94$110,731,500$27,878,579$18,178,645$69,839,357
95$121,928,590$29,147,107$18,690,107$76,073,747
96$134,264,712$30,474,720$19,215,630$82,909,522
97$147,855,949$31,864,218$19,755,591$90,406,603
98$162,830,224$33,318,533$20,310,371$98,630,961
99$179,328,503$34,840,737$20,880,365$107,655,233
100$197,506,129$36,434,052$21,465,976$117,559,397