Can I retire at age 68 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$710,180$703,854$697,682$691,658$685,776$681,740
2 years$351,574$345,026$338,681$332,528$326,560$322,488
3 years$232,055$225,479$219,149$213,054$207,183$203,201
4 years$172,307$165,751$159,484$153,493$147,765$143,904
5 years$136,467$129,951$123,766$117,898$112,328$108,600
6 years$112,582$106,114$100,022$94,284$88,882$85,290
7 years$95,528$89,115$83,118$77,516$72,285$68,832
8 years$82,743$76,388$70,491$65,026$59,967$56,654
9 years$72,804$66,509$60,714$55,388$50,501$47,326
10 years$64,858$58,625$52,932$47,745$43,029$39,991
11 years$58,361$52,190$46,600$41,552$37,007$34,102
12 years$52,951$46,843$41,357$36,447$32,069$29,297
13 years$48,376$42,332$36,949$32,177$27,965$25,322
14 years$44,459$38,479$33,199$28,563$24,514$21,997
15 years$41,066$35,151$29,974$25,473$21,584$19,190
16 years$38,101$32,251$27,176$22,809$19,076$16,802
17 years$35,488$29,702$24,729$20,493$16,914$14,756
18 years$33,167$27,446$22,575$18,469$15,039$12,994
19 years$31,093$25,436$20,666$16,688$13,405$11,468
20 years$29,229$23,637$18,966$15,114$11,973$10,141
21 years$27,544$22,017$17,445$13,717$10,715$8,983
22 years$26,015$20,552$16,078$12,472$9,604$7,970
23 years$24,621$19,222$14,846$11,359$8,621$7,080
24 years$23,344$18,009$13,730$10,360$7,749$6,297
25 years$22,172$16,901$12,716$9,461$6,973$5,606
26 years$21,092$15,884$11,794$8,651$6,281$4,995
27 years$20,093$14,949$10,952$7,918$5,663$4,455
28 years$19,168$14,086$10,181$7,255$5,110$3,976
29 years$18,307$13,289$9,474$6,653$4,614$3,550
30 years$17,506$12,550$8,825$6,106$4,169$3,172
31 years$16,758$11,864$8,227$5,607$3,769$2,836
32 years$16,058$11,225$7,676$5,153$3,409$2,536
33 years$15,401$10,631$7,167$4,739$3,086$2,269
34 years$14,785$10,076$6,697$4,360$2,794$2,031
35 years$14,205$9,556$6,261$4,014$2,530$1,818
36 years$13,659$9,070$5,857$3,697$2,293$1,628
37 years$13,143$8,615$5,482$3,406$2,078$1,458
38 years$12,656$8,187$5,134$3,139$1,884$1,307
39 years$12,195$7,785$4,810$2,895$1,708$1,171
40 years$11,758$7,407$4,508$2,670$1,549$1,049
41 years$11,343$7,051$4,227$2,463$1,406$941
42 years$10,949$6,715$3,965$2,273$1,276$843
43 years$10,575$6,398$3,721$2,099$1,158$756
44 years$10,218$6,099$3,493$1,938$1,051$678
45 years$9,878$5,816$3,279$1,790$954$608
46 years$9,554$5,548$3,080$1,653$866$546
47 years$9,245$5,294$2,894$1,527$786$489
48 years$8,950$5,054$2,719$1,411$714$439
49 years$8,667$4,826$2,556$1,304$649$394
50 years$8,397$4,610$2,403$1,205$589$353

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $8,600,000, adding $3,576 every year, while hoping to spend $31,971 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: 85/5/10 Blend
67$8,600,000$8,600,000$8,600,000$8,600,000
68$9,480,889$9,025,089$8,891,789$10,272,739
69$10,413,922$9,433,301$9,155,647$11,198,880
70$11,441,054$9,860,444$9,427,272$12,211,570
71$12,571,848$10,307,412$9,706,892$13,323,229
72$13,816,843$10,775,142$9,994,739$14,543,802
73$15,187,651$11,264,614$10,291,053$15,884,244
74$16,697,068$11,776,857$10,596,081$17,356,619
75$18,359,195$12,312,949$10,910,075$18,974,218
76$20,189,568$12,874,019$11,233,298$20,751,681
77$22,205,308$13,461,249$11,566,017$22,705,135
78$24,425,280$14,075,881$11,908,509$24,852,343
79$26,870,272$14,719,213$12,261,058$27,212,878
80$29,563,193$15,392,608$12,623,957$29,808,297
81$32,529,284$16,097,491$12,997,505$32,662,351
82$35,796,362$16,835,359$13,382,012$35,801,207
83$39,395,078$17,607,779$13,777,797$39,253,690
84$43,359,209$18,416,393$14,185,186$43,051,561
85$47,725,976$19,262,924$14,604,517$47,229,807
86$52,536,392$20,149,174$15,036,135$51,826,978
87$57,835,656$21,077,035$15,480,397$56,885,547
88$63,673,571$22,048,488$15,937,670$62,452,308
89$70,105,023$23,065,612$16,408,329$68,578,818
90$77,190,490$24,130,581$16,892,763$75,321,883
91$84,996,619$25,245,679$17,391,370$82,744,093
92$93,596,854$26,413,297$17,904,560$90,914,409
93$103,072,126$27,635,942$18,432,756$99,908,815
94$113,511,620$28,916,240$18,976,390$109,811,034
95$125,013,616$30,256,947$19,535,910$120,713,315
96$137,686,416$31,660,948$20,111,774$132,717,304
97$151,649,365$33,131,269$20,704,453$145,934,999
98$167,033,982$34,671,083$21,314,434$160,489,811
99$183,985,196$36,283,713$21,942,215$176,517,720
100$202,662,716$37,972,646$22,588,310$194,168,563