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

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$710,180$703,854$697,682$691,658$685,776$670,833
2 years$351,574$345,026$338,681$332,528$326,560$311,581
3 years$232,055$225,479$219,149$213,054$207,183$192,635
4 years$172,307$165,751$159,484$153,493$147,765$133,760
5 years$136,467$129,951$123,766$117,898$112,328$98,906
6 years$112,582$106,114$100,022$94,284$88,882$76,056
7 years$95,528$89,115$83,118$77,516$72,285$60,058
8 years$82,743$76,388$70,491$65,026$59,967$48,335
9 years$72,804$66,509$60,714$55,388$50,501$39,456
10 years$64,858$58,625$52,932$47,745$43,029$32,559
11 years$58,361$52,190$46,600$41,552$37,007$27,098
12 years$52,951$46,843$41,357$36,447$32,069$22,707
13 years$48,376$42,332$36,949$32,177$27,965$19,132
14 years$44,459$38,479$33,199$28,563$24,514$16,193
15 years$41,066$35,151$29,974$25,473$21,584$13,756
16 years$38,101$32,251$27,176$22,809$19,076$11,722
17 years$35,488$29,702$24,729$20,493$16,914$10,015
18 years$33,167$27,446$22,575$18,469$15,039$8,575
19 years$31,093$25,436$20,666$16,688$13,405$7,355
20 years$29,229$23,637$18,966$15,114$11,973$6,319
21 years$27,544$22,017$17,445$13,717$10,715$5,436
22 years$26,015$20,552$16,078$12,472$9,604$4,682
23 years$24,621$19,222$14,846$11,359$8,621$4,036
24 years$23,344$18,009$13,730$10,360$7,749$3,483
25 years$22,172$16,901$12,716$9,461$6,973$3,007
26 years$21,092$15,884$11,794$8,651$6,281$2,598
27 years$20,093$14,949$10,952$7,918$5,663$2,246
28 years$19,168$14,086$10,181$7,255$5,110$1,942
29 years$18,307$13,289$9,474$6,653$4,614$1,680
30 years$17,506$12,550$8,825$6,106$4,169$1,454
31 years$16,758$11,864$8,227$5,607$3,769$1,259
32 years$16,058$11,225$7,676$5,153$3,409$1,090
33 years$15,401$10,631$7,167$4,739$3,086$944
34 years$14,785$10,076$6,697$4,360$2,794$818
35 years$14,205$9,556$6,261$4,014$2,530$708
36 years$13,659$9,070$5,857$3,697$2,293$614
37 years$13,143$8,615$5,482$3,406$2,078$532
38 years$12,656$8,187$5,134$3,139$1,884$461
39 years$12,195$7,785$4,810$2,895$1,708$400
40 years$11,758$7,407$4,508$2,670$1,549$346
41 years$11,343$7,051$4,227$2,463$1,406$300
42 years$10,949$6,715$3,965$2,273$1,276$260
43 years$10,575$6,398$3,721$2,099$1,158$226
44 years$10,218$6,099$3,493$1,938$1,051$196
45 years$9,878$5,816$3,279$1,790$954$170
46 years$9,554$5,548$3,080$1,653$866$147
47 years$9,245$5,294$2,894$1,527$786$128
48 years$8,950$5,054$2,719$1,411$714$111
49 years$8,667$4,826$2,556$1,304$649$96
50 years$8,397$4,610$2,403$1,205$589$83

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 $4,128 every year, while hoping to spend $41,476 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: 54/32/14 Blend
67$8,600,000$8,600,000$8,600,000$8,600,000
68$9,481,458$9,025,658$8,892,358$9,958,273
69$10,404,437$9,423,785$9,146,122$10,681,530
70$11,420,169$9,840,030$9,406,997$11,463,548
71$12,538,072$10,275,238$9,675,177$12,313,792
72$13,768,522$10,730,291$9,950,862$13,238,761
73$15,122,953$11,206,117$10,234,257$14,245,600
74$16,613,961$11,703,684$10,525,572$15,342,162
75$18,255,429$12,224,009$10,825,023$16,537,079
76$20,062,653$12,768,155$11,132,831$17,839,844
77$22,052,486$13,337,237$11,449,224$19,260,893
78$24,243,501$13,932,423$11,774,434$20,811,703
79$26,656,161$14,554,935$12,108,701$22,504,897
80$29,313,018$15,206,054$12,452,270$24,354,361
81$32,238,918$15,887,124$12,805,394$26,375,368
82$35,461,243$16,599,548$13,168,330$28,584,722
83$39,010,166$17,344,801$13,541,344$31,000,909
84$42,918,932$18,124,426$13,924,709$33,644,273
85$47,224,179$18,940,039$14,318,702$36,537,199
86$51,966,278$19,793,333$14,723,612$39,704,319
87$57,189,715$20,686,084$15,139,730$43,172,747
88$62,943,514$21,620,150$15,567,359$46,972,322
89$69,281,695$22,597,480$16,006,808$51,135,889
90$76,263,785$23,620,114$16,458,393$55,699,604
91$83,955,383$24,690,190$16,922,440$60,703,268
92$92,428,772$25,809,951$17,399,283$66,190,695
93$101,763,611$26,981,742$17,889,263$72,210,128
94$112,047,677$28,208,025$18,392,731$78,814,676
95$123,377,700$29,491,378$18,910,047$86,062,820
96$135,860,271$30,834,502$19,441,580$94,018,950
97$149,612,853$32,240,226$19,987,707$102,753,972
98$164,764,886$33,711,519$20,548,817$112,345,964
99$181,459,009$35,251,488$21,125,307$122,880,910
100$199,852,408$36,863,391$21,717,584$134,453,500