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

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$701,922$695,670$689,570$683,616$677,802$669,055
2 years$347,486$341,015$334,743$328,661$322,763$313,963
3 years$229,356$222,857$216,601$210,577$204,774$196,194
4 years$170,303$163,823$157,630$151,709$146,047$137,754
5 years$134,880$128,439$122,327$116,527$111,022$103,040
6 years$111,273$104,880$98,859$93,187$87,848$80,186
7 years$94,417$88,078$82,152$76,614$71,444$64,105
8 years$81,781$75,500$69,671$64,270$59,270$52,254
9 years$71,958$65,736$60,008$54,744$49,914$43,217
10 years$64,104$57,943$52,316$47,190$42,529$36,147
11 years$57,683$51,583$46,058$41,069$36,576$30,503
12 years$52,335$46,298$40,876$36,023$31,696$25,925
13 years$47,814$41,840$36,520$31,803$27,640$22,163
14 years$43,942$38,032$32,813$28,231$24,229$19,038
15 years$40,589$34,743$29,626$25,177$21,333$16,420
16 years$37,658$31,876$26,860$22,544$18,854$14,210
17 years$35,075$29,356$24,442$20,255$16,717$12,332
18 years$32,781$27,126$22,312$18,254$14,864$10,729
19 years$30,731$25,141$20,426$16,494$13,249$9,354
20 years$28,889$23,362$18,746$14,939$11,834$8,169
21 years$27,224$21,761$17,242$13,558$10,590$7,146
22 years$25,712$20,313$15,892$12,327$9,493$6,259
23 years$24,334$18,998$14,673$11,226$8,521$5,489
24 years$23,073$17,800$13,570$10,239$7,659$4,818
25 years$21,914$16,704$12,569$9,351$6,892$4,233
26 years$20,847$15,699$11,657$8,550$6,208$3,722
27 years$19,860$14,775$10,824$7,826$5,597$3,275
28 years$18,945$13,922$10,063$7,170$5,050$2,883
29 years$18,094$13,134$9,364$6,575$4,560$2,539
30 years$17,302$12,404$8,722$6,035$4,121$2,238
31 years$16,563$11,726$8,132$5,542$3,725$1,973
32 years$15,871$11,095$7,587$5,093$3,370$1,740
33 years$15,222$10,507$7,084$4,684$3,050$1,535
34 years$14,613$9,958$6,619$4,310$2,761$1,354
35 years$14,040$9,445$6,188$3,967$2,501$1,195
36 years$13,500$8,965$5,789$3,654$2,266$1,055
37 years$12,990$8,515$5,418$3,366$2,054$932
38 years$12,509$8,092$5,074$3,103$1,862$823
39 years$12,053$7,695$4,754$2,861$1,688$727
40 years$11,621$7,321$4,456$2,639$1,531$642
41 years$11,211$6,969$4,178$2,435$1,389$567
42 years$10,822$6,637$3,919$2,247$1,261$501
43 years$10,452$6,324$3,678$2,074$1,144$443
44 years$10,099$6,028$3,452$1,915$1,039$391
45 years$9,763$5,748$3,241$1,769$943$346
46 years$9,443$5,483$3,044$1,634$856$305
47 years$9,138$5,233$2,860$1,509$777$270
48 years$8,846$4,995$2,688$1,395$706$239
49 years$8,566$4,770$2,526$1,289$641$211
50 years$8,299$4,557$2,375$1,191$582$186

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 $5,034 every year, while hoping to spend $49,084 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: 61/20/19 Blend
67$8,500,000$8,500,000$8,500,000$8,500,000
68$9,372,193$8,921,693$8,789,943$9,897,576
69$10,275,931$9,306,631$9,032,181$10,637,915
70$11,270,206$9,708,785$9,280,889$11,439,625
71$12,364,200$10,128,949$9,536,231$12,313,454
72$13,568,031$10,567,950$9,798,378$13,266,409
73$14,892,848$11,026,657$10,067,501$14,306,202
74$16,350,933$11,505,978$10,343,777$15,441,314
75$17,955,822$12,006,864$10,627,387$16,681,080
76$19,722,428$12,530,313$10,918,517$18,035,771
77$21,667,184$13,077,366$11,217,355$19,516,688
78$23,808,196$13,649,117$11,524,096$21,136,271
79$26,165,417$14,246,709$11,838,939$22,908,212
80$28,760,832$14,871,340$12,162,085$24,847,579
81$31,618,664$15,524,263$12,493,743$26,970,962
82$34,765,609$16,206,793$12,834,124$29,296,622
83$38,231,081$16,920,305$13,183,447$31,844,664
84$42,047,490$17,666,240$13,541,932$34,637,221
85$46,250,554$18,446,105$13,909,806$37,698,664
86$50,879,629$19,261,483$14,287,303$41,055,825
87$55,978,082$20,114,026$14,674,658$44,738,252
88$61,593,702$21,005,469$15,072,115$48,778,481
89$67,779,150$21,937,627$15,479,921$53,212,341
90$74,592,454$22,912,402$15,898,329$58,079,289
91$82,097,560$23,931,786$16,327,599$63,422,779
92$90,364,933$24,997,864$16,767,995$69,290,669
93$99,472,220$26,112,824$17,219,787$75,735,667
94$109,504,987$27,278,953$17,683,251$82,815,827
95$120,557,525$28,498,651$18,158,669$90,595,092
96$132,733,737$29,774,429$18,646,329$99,143,892
97$146,148,121$31,108,920$19,146,524$108,539,804
98$160,926,853$32,504,880$19,659,556$118,868,285
99$177,208,972$33,965,199$20,185,731$130,223,464
100$195,147,695$35,492,902$20,725,361$142,709,036