Can I retire at age 68 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$718,438$712,038$705,795$699,701$693,750$673,432
2 years$355,662$349,038$342,619$336,395$330,357$310,051
3 years$234,753$228,100$221,697$215,531$209,592$189,935
4 years$174,310$167,678$161,339$155,278$149,483$130,626
5 years$138,054$131,462$125,205$119,269$113,635$95,629
6 years$113,891$107,348$101,185$95,380$89,915$72,777
7 years$96,638$90,151$84,085$78,417$73,125$56,854
8 years$83,705$77,276$71,311$65,782$60,664$45,250
9 years$73,651$67,283$61,420$56,032$51,088$36,516
10 years$65,612$59,306$53,547$48,300$43,530$29,779
11 years$59,040$52,797$47,142$42,035$37,437$24,485
12 years$53,566$47,388$41,837$36,871$32,442$20,263
13 years$48,939$42,825$37,379$32,551$28,290$16,857
14 years$44,976$38,926$33,585$28,895$24,799$14,082
15 years$41,544$35,560$30,323$25,770$21,835$11,805
16 years$38,544$32,626$27,492$23,074$19,298$9,924
17 years$35,900$30,047$25,017$20,732$17,111$8,362
18 years$33,553$27,765$22,837$18,683$15,214$7,060
19 years$31,454$25,732$20,906$16,882$13,561$5,971
20 years$29,569$23,911$19,187$15,290$12,113$5,056
21 years$27,864$22,273$17,648$13,877$10,839$4,287
22 years$26,317$20,791$16,265$12,617$9,716$3,638
23 years$24,907$19,445$15,018$11,491$8,722$3,090
24 years$23,616$18,219$13,889$10,480$7,839$2,626
25 years$22,430$17,097$12,864$9,571$7,054$2,233
26 years$21,337$16,069$11,931$8,751$6,354$1,900
27 years$20,327$15,123$11,079$8,010$5,729$1,617
28 years$19,390$14,250$10,299$7,339$5,169$1,377
29 years$18,520$13,443$9,584$6,730$4,668$1,173
30 years$17,709$12,696$8,928$6,177$4,217$999
31 years$16,953$12,002$8,323$5,673$3,813$852
32 years$16,244$11,356$7,765$5,213$3,449$726
33 years$15,580$10,754$7,251$4,794$3,121$619
34 years$14,957$10,193$6,775$4,411$2,826$528
35 years$14,370$9,668$6,334$4,061$2,560$450
36 years$13,818$9,176$5,925$3,740$2,319$384
37 years$13,296$8,715$5,546$3,446$2,102$327
38 years$12,803$8,282$5,193$3,176$1,906$279
39 years$12,336$7,876$4,866$2,928$1,728$238
40 years$11,894$7,493$4,561$2,701$1,567$203
41 years$11,475$7,133$4,276$2,492$1,422$173
42 years$11,076$6,793$4,011$2,300$1,290$148
43 years$10,697$6,472$3,764$2,123$1,171$126
44 years$10,337$6,169$3,533$1,960$1,063$108
45 years$9,993$5,883$3,318$1,810$965$92
46 years$9,665$5,612$3,116$1,672$876$78
47 years$9,353$5,356$2,927$1,545$796$67
48 years$9,054$5,113$2,751$1,428$723$57
49 years$8,768$4,883$2,586$1,319$656$49
50 years$8,494$4,664$2,431$1,219$596$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $8,700,000, adding $4,493 every year, while hoping to spend $40,540 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: 72/7/21 Blend
67$8,700,000$8,700,000$8,700,000$8,700,000
68$9,592,035$9,130,935$8,996,085$10,233,265
69$10,527,288$9,535,216$9,254,319$11,065,072
70$11,556,578$9,957,949$9,519,846$11,970,536
71$12,689,455$10,399,994$9,792,866$12,961,238
72$13,936,439$10,862,253$10,073,587$14,045,636
73$15,309,124$11,345,672$10,362,221$15,233,046
74$16,820,285$11,851,241$10,658,986$16,533,723
75$18,483,998$12,379,995$10,964,105$17,958,961
76$20,315,773$12,933,022$11,277,810$19,521,195
77$22,332,701$13,511,459$11,600,336$21,234,122
78$24,553,614$14,116,498$11,931,925$23,112,824
79$26,999,264$14,749,388$12,272,825$25,173,912
80$29,692,518$15,411,437$12,623,294$27,435,680
81$32,658,572$16,104,015$12,983,592$29,918,280
82$35,925,193$16,828,557$13,353,988$32,643,905
83$39,522,975$17,586,569$13,734,759$35,637,001
84$43,485,633$18,379,627$14,126,189$38,924,497
85$47,850,320$19,209,380$14,528,568$42,536,055
86$52,657,972$20,077,559$14,942,195$46,504,348
87$57,953,703$20,985,978$15,367,376$50,865,370
88$63,787,224$21,936,534$15,804,427$55,658,773
89$70,213,315$22,931,218$16,253,669$60,928,237
90$77,292,341$23,972,115$16,715,434$66,721,883
91$85,090,821$25,061,410$17,190,063$73,092,726
92$93,682,058$26,201,393$17,677,903$80,099,170
93$103,146,829$27,394,461$18,179,313$87,805,561
94$113,574,145$28,643,130$18,694,661$96,282,789
95$125,062,098$29,950,034$19,224,322$105,608,959
96$137,718,779$31,317,932$19,768,683$115,870,121
97$151,663,302$32,749,718$20,328,142$127,161,085
98$167,026,928$34,248,424$20,903,104$139,586,310
99$183,954,305$35,817,227$21,493,988$153,260,887
100$202,604,829$37,459,455$22,101,221$168,311,627