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

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$718,438$712,038$705,795$699,701$693,750$679,188
2 years$355,662$349,038$342,619$336,395$330,357$315,754
3 years$234,753$228,100$221,697$215,531$209,592$195,405
4 years$174,310$167,678$161,339$155,278$149,483$135,820
5 years$138,054$131,462$125,205$119,269$113,635$100,535
6 years$113,891$107,348$101,185$95,380$89,915$77,393
7 years$96,638$90,151$84,085$78,417$73,125$61,182
8 years$83,705$77,276$71,311$65,782$60,664$49,298
9 years$73,651$67,283$61,420$56,032$51,088$40,290
10 years$65,612$59,306$53,547$48,300$43,530$33,288
11 years$59,040$52,797$47,142$42,035$37,437$27,740
12 years$53,566$47,388$41,837$36,871$32,442$23,275
13 years$48,939$42,825$37,379$32,551$28,290$19,637
14 years$44,976$38,926$33,585$28,895$24,799$16,643
15 years$41,544$35,560$30,323$25,770$21,835$14,158
16 years$38,544$32,626$27,492$23,074$19,298$12,082
17 years$35,900$30,047$25,017$20,732$17,111$10,337
18 years$33,553$27,765$22,837$18,683$15,214$8,864
19 years$31,454$25,732$20,906$16,882$13,561$7,614
20 years$29,569$23,911$19,187$15,290$12,113$6,552
21 years$27,864$22,273$17,648$13,877$10,839$5,645
22 years$26,317$20,791$16,265$12,617$9,716$4,869
23 years$24,907$19,445$15,018$11,491$8,722$4,204
24 years$23,616$18,219$13,889$10,480$7,839$3,633
25 years$22,430$17,097$12,864$9,571$7,054$3,142
26 years$21,337$16,069$11,931$8,751$6,354$2,719
27 years$20,327$15,123$11,079$8,010$5,729$2,354
28 years$19,390$14,250$10,299$7,339$5,169$2,039
29 years$18,520$13,443$9,584$6,730$4,668$1,767
30 years$17,709$12,696$8,928$6,177$4,217$1,532
31 years$16,953$12,002$8,323$5,673$3,813$1,328
32 years$16,244$11,356$7,765$5,213$3,449$1,152
33 years$15,580$10,754$7,251$4,794$3,121$999
34 years$14,957$10,193$6,775$4,411$2,826$867
35 years$14,370$9,668$6,334$4,061$2,560$752
36 years$13,818$9,176$5,925$3,740$2,319$653
37 years$13,296$8,715$5,546$3,446$2,102$567
38 years$12,803$8,282$5,193$3,176$1,906$492
39 years$12,336$7,876$4,866$2,928$1,728$427
40 years$11,894$7,493$4,561$2,701$1,567$371
41 years$11,475$7,133$4,276$2,492$1,422$322
42 years$11,076$6,793$4,011$2,300$1,290$280
43 years$10,697$6,472$3,764$2,123$1,171$243
44 years$10,337$6,169$3,533$1,960$1,063$211
45 years$9,993$5,883$3,318$1,810$965$183
46 years$9,665$5,612$3,116$1,672$876$159
47 years$9,353$5,356$2,927$1,545$796$138
48 years$9,054$5,113$2,751$1,428$723$120
49 years$8,768$4,883$2,586$1,319$656$104
50 years$8,494$4,664$2,431$1,219$596$91

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 $4,232 every year, while hoping to spend $50,249 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: 60/32/8 Blend
67$8,700,000$8,700,000$8,700,000$8,700,000
68$9,591,765$9,130,665$8,995,815$10,150,484
69$10,516,661$9,524,603$9,243,711$10,919,359
70$11,534,212$9,936,160$9,498,226$11,751,492
71$12,653,815$10,366,146$9,759,531$12,657,854
72$13,885,827$10,815,410$10,027,797$13,645,592
73$15,241,655$11,284,839$10,303,203$14,722,561
74$16,733,871$11,775,363$10,585,927$15,897,401
75$18,376,326$12,287,956$10,876,156$17,179,613
76$20,184,284$12,823,638$11,174,080$18,579,645
77$22,174,560$13,383,476$11,479,891$20,108,994
78$24,365,687$13,968,588$11,793,789$21,780,301
79$26,778,082$14,580,144$12,115,975$23,607,479
80$29,434,244$15,219,369$12,446,659$25,605,833
81$32,358,967$15,887,547$12,786,051$27,792,203
82$35,579,567$16,586,023$13,134,370$30,185,122
83$39,126,149$17,316,204$13,491,837$32,804,985
84$43,031,882$18,079,564$13,858,679$35,674,237
85$47,333,318$18,877,646$14,235,129$38,817,585
86$52,070,734$19,712,069$14,621,424$42,262,223
87$57,288,513$20,584,525$15,017,806$46,038,084
88$63,035,563$21,496,788$15,424,524$50,178,123
89$69,365,776$22,450,716$15,841,831$54,718,619
90$76,338,539$23,448,254$16,269,986$59,699,513
91$84,019,293$24,491,442$16,709,254$65,164,781
92$92,480,153$25,582,415$17,159,905$71,162,844
93$101,800,583$26,723,408$17,622,217$77,747,018
94$112,068,152$27,916,764$18,096,471$84,976,014
95$123,379,356$29,164,938$18,582,955$92,914,482
96$135,840,531$30,470,501$19,081,965$101,633,621
97$149,568,855$31,836,145$19,593,800$111,211,836
98$164,693,454$33,264,693$20,118,769$121,735,480
99$181,356,623$34,759,099$20,657,184$133,299,655
100$199,715,165$36,322,461$21,209,366$146,009,106