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%14.5%
1 years$718,438$712,038$705,795$699,701$693,750$680,857
2 years$355,662$349,038$342,619$336,395$330,357$317,416
3 years$234,753$228,100$221,697$215,531$209,592$197,006
4 years$174,310$167,678$161,339$155,278$149,483$137,349
5 years$138,054$131,462$125,205$119,269$113,635$101,987
6 years$113,891$107,348$101,185$95,380$89,915$78,767
7 years$96,638$90,151$84,085$78,417$73,125$62,479
8 years$83,705$77,276$71,311$65,782$60,664$50,518
9 years$73,651$67,283$61,420$56,032$51,088$41,436
10 years$65,612$59,306$53,547$48,300$43,530$34,362
11 years$59,040$52,797$47,142$42,035$37,437$28,744
12 years$53,566$47,388$41,837$36,871$32,442$24,211
13 years$48,939$42,825$37,379$32,551$28,290$20,508
14 years$44,976$38,926$33,585$28,895$24,799$17,452
15 years$41,544$35,560$30,323$25,770$21,835$14,908
16 years$38,544$32,626$27,492$23,074$19,298$12,776
17 years$35,900$30,047$25,017$20,732$17,111$10,978
18 years$33,553$27,765$22,837$18,683$15,214$9,455
19 years$31,454$25,732$20,906$16,882$13,561$8,158
20 years$29,569$23,911$19,187$15,290$12,113$7,051
21 years$27,864$22,273$17,648$13,877$10,839$6,103
22 years$26,317$20,791$16,265$12,617$9,716$5,289
23 years$24,907$19,445$15,018$11,491$8,722$4,588
24 years$23,616$18,219$13,889$10,480$7,839$3,984
25 years$22,430$17,097$12,864$9,571$7,054$3,461
26 years$21,337$16,069$11,931$8,751$6,354$3,010
27 years$20,327$15,123$11,079$8,010$5,729$2,618
28 years$19,390$14,250$10,299$7,339$5,169$2,279
29 years$18,520$13,443$9,584$6,730$4,668$1,985
30 years$17,709$12,696$8,928$6,177$4,217$1,729
31 years$16,953$12,002$8,323$5,673$3,813$1,507
32 years$16,244$11,356$7,765$5,213$3,449$1,313
33 years$15,580$10,754$7,251$4,794$3,121$1,145
34 years$14,957$10,193$6,775$4,411$2,826$999
35 years$14,370$9,668$6,334$4,061$2,560$871
36 years$13,818$9,176$5,925$3,740$2,319$760
37 years$13,296$8,715$5,546$3,446$2,102$663
38 years$12,803$8,282$5,193$3,176$1,906$579
39 years$12,336$7,876$4,866$2,928$1,728$505
40 years$11,894$7,493$4,561$2,701$1,567$441
41 years$11,475$7,133$4,276$2,492$1,422$385
42 years$11,076$6,793$4,011$2,300$1,290$336
43 years$10,697$6,472$3,764$2,123$1,171$293
44 years$10,337$6,169$3,533$1,960$1,063$256
45 years$9,993$5,883$3,318$1,810$965$223
46 years$9,665$5,612$3,116$1,672$876$195
47 years$9,353$5,356$2,927$1,545$796$170
48 years$9,054$5,113$2,751$1,428$723$149
49 years$8,768$4,883$2,586$1,319$656$130
50 years$8,494$4,664$2,431$1,219$596$113

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 $5,540 every year, while hoping to spend $21,195 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: 90/5/5 Blend
67$8,700,000$8,700,000$8,700,000$8,700,000
68$9,593,115$9,132,015$8,997,165$10,457,805
69$10,549,061$9,556,932$9,276,018$11,445,321
70$11,601,803$10,001,960$9,563,503$12,527,697
71$12,761,193$10,468,061$9,859,886$13,717,412
72$14,038,084$10,956,246$10,165,442$15,025,301
73$15,444,439$11,467,572$10,480,454$16,463,295
74$16,993,438$12,003,149$10,805,216$18,044,542
75$18,699,605$12,564,140$11,140,027$19,783,524
76$20,578,945$13,151,764$11,485,198$21,696,193
77$22,649,096$13,767,298$11,841,051$23,800,127
78$24,929,491$14,412,084$12,207,914$26,114,687
79$27,441,548$15,087,524$12,586,127$28,661,206
80$30,208,866$15,795,093$12,976,043$31,463,186
81$33,257,451$16,536,333$13,378,021$34,546,519
82$36,615,961$17,312,864$13,792,435$37,939,732
83$40,315,976$18,126,381$14,219,668$41,674,255
84$44,392,296$18,978,664$14,660,118$45,784,717
85$48,883,270$19,871,578$15,114,191$50,309,270
86$53,831,156$20,807,078$15,582,309$55,289,953
87$59,282,523$21,787,214$16,064,905$60,773,080
88$65,288,688$22,814,135$16,562,427$66,809,685
89$71,906,201$23,890,094$17,075,335$73,455,996
90$79,197,379$25,017,455$17,604,105$80,773,967
91$87,230,895$26,198,694$18,149,226$88,831,865
92$96,082,425$27,436,408$18,711,203$97,704,905
93$105,835,361$28,733,320$19,290,557$107,475,967
94$116,581,601$30,092,286$19,887,823$118,236,372
95$128,422,414$31,516,299$20,503,556$130,086,747
96$141,469,400$33,008,497$21,138,325$143,137,968
97$155,845,537$34,572,172$21,792,717$157,512,208
98$171,686,348$36,210,774$22,467,339$173,344,092
99$189,141,175$37,927,921$23,162,814$190,781,960
100$208,374,593$39,727,408$23,879,786$209,989,269