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%19.2%
1 years$701,922$695,670$689,570$683,616$677,802$652,715
2 years$347,486$341,015$334,743$328,661$322,763$297,771
3 years$229,356$222,857$216,601$210,577$204,774$180,664
4 years$170,303$163,823$157,630$151,709$146,047$123,002
5 years$134,880$128,439$122,327$116,527$111,022$89,103
6 years$111,273$104,880$98,859$93,187$87,848$67,070
7 years$94,417$88,078$82,152$76,614$71,444$51,801
8 years$81,781$75,500$69,671$64,270$59,270$40,745
9 years$71,958$65,736$60,008$54,744$49,914$32,481
10 years$64,104$57,943$52,316$47,190$42,529$26,157
11 years$57,683$51,583$46,058$41,069$36,576$21,230
12 years$52,335$46,298$40,876$36,023$31,696$17,337
13 years$47,814$41,840$36,520$31,803$27,640$14,228
14 years$43,942$38,032$32,813$28,231$24,229$11,722
15 years$40,589$34,743$29,626$25,177$21,333$9,688
16 years$37,658$31,876$26,860$22,544$18,854$8,027
17 years$35,075$29,356$24,442$20,255$16,717$6,666
18 years$32,781$27,126$22,312$18,254$14,864$5,544
19 years$30,731$25,141$20,426$16,494$13,249$4,618
20 years$28,889$23,362$18,746$14,939$11,834$3,852
21 years$27,224$21,761$17,242$13,558$10,590$3,215
22 years$25,712$20,313$15,892$12,327$9,493$2,686
23 years$24,334$18,998$14,673$11,226$8,521$2,246
24 years$23,073$17,800$13,570$10,239$7,659$1,879
25 years$21,914$16,704$12,569$9,351$6,892$1,572
26 years$20,847$15,699$11,657$8,550$6,208$1,316
27 years$19,860$14,775$10,824$7,826$5,597$1,102
28 years$18,945$13,922$10,063$7,170$5,050$924
29 years$18,094$13,134$9,364$6,575$4,560$774
30 years$17,302$12,404$8,722$6,035$4,121$649
31 years$16,563$11,726$8,132$5,542$3,725$544
32 years$15,871$11,095$7,587$5,093$3,370$456
33 years$15,222$10,507$7,084$4,684$3,050$382
34 years$14,613$9,958$6,619$4,310$2,761$320
35 years$14,040$9,445$6,188$3,967$2,501$269
36 years$13,500$8,965$5,789$3,654$2,266$225
37 years$12,990$8,515$5,418$3,366$2,054$189
38 years$12,509$8,092$5,074$3,103$1,862$159
39 years$12,053$7,695$4,754$2,861$1,688$133
40 years$11,621$7,321$4,456$2,639$1,531$112
41 years$11,211$6,969$4,178$2,435$1,389$94
42 years$10,822$6,637$3,919$2,247$1,261$78
43 years$10,452$6,324$3,678$2,074$1,144$66
44 years$10,099$6,028$3,452$1,915$1,039$55
45 years$9,763$5,748$3,241$1,769$943$46
46 years$9,443$5,483$3,044$1,634$856$39
47 years$9,138$5,233$2,860$1,509$777$33
48 years$8,846$4,995$2,688$1,395$706$27
49 years$8,566$4,770$2,526$1,289$641$23
50 years$8,299$4,557$2,375$1,191$582$19

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 $3,262 every year, while hoping to spend $35,377 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: 71/24/5 Blend
67$8,500,000$8,500,000$8,500,000$8,500,000
68$9,370,365$8,919,865$8,788,115$10,031,063
69$10,288,501$9,319,297$9,044,876$10,866,781
70$11,299,102$9,737,116$9,309,053$11,776,438
71$12,411,560$10,174,185$9,580,856$12,771,035
72$13,636,228$10,631,409$9,860,504$13,858,910
73$14,984,511$11,109,736$10,148,218$15,049,236
74$16,468,977$11,610,158$10,444,229$16,352,110
75$18,103,473$12,133,717$10,748,771$17,778,639
76$19,903,260$12,681,501$11,062,087$19,341,052
77$21,885,152$13,254,654$11,384,427$21,052,804
78$24,067,677$13,854,372$11,716,045$22,928,707
79$26,471,252$14,481,909$12,057,205$24,985,065
80$29,118,376$15,138,578$12,408,176$27,239,826
81$32,033,838$15,825,756$12,769,238$29,712,747
82$35,244,956$16,544,885$13,140,675$32,425,580
83$38,781,835$17,297,477$13,522,781$35,402,275
84$42,677,645$18,085,116$13,915,856$38,669,199
85$46,968,939$18,909,462$14,320,212$42,255,388
86$51,695,998$19,772,252$14,736,166$46,192,812
87$56,903,208$20,675,311$15,164,046$50,516,674
88$62,639,481$21,620,547$15,604,188$55,265,744
89$68,958,717$22,609,963$16,056,937$60,482,715
90$75,920,310$23,645,655$16,522,648$66,214,605
91$83,589,711$24,729,822$17,001,686$72,513,198
92$92,039,046$25,864,767$17,494,427$79,435,524
93$101,347,793$27,052,905$18,001,254$87,044,397
94$111,603,536$28,296,766$18,522,565$95,409,003
95$122,902,791$29,599,001$19,058,765$104,605,546
96$135,351,913$30,962,390$19,610,271$114,717,962
97$149,068,107$32,389,846$20,177,514$125,838,711
98$164,180,528$33,884,422$20,760,934$138,069,636
99$180,831,500$35,449,317$21,360,984$151,522,926
100$199,177,866$37,087,886$21,978,130$166,322,164