Can I retire at age 68 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$726,696$720,223$713,907$707,743$701,724$686,714
2 years$359,750$353,050$346,557$340,261$334,154$319,105
3 years$237,451$230,722$224,245$218,009$212,001$197,382
4 years$176,314$169,605$163,193$157,063$151,201$137,125
5 years$139,641$132,973$126,645$120,639$114,941$101,448
6 years$115,200$108,582$102,348$96,476$90,949$78,053
7 years$97,749$91,187$85,051$79,318$73,966$61,670
8 years$84,667$78,164$72,130$66,538$61,362$49,661
9 years$74,498$68,056$62,126$56,676$51,675$40,563
10 years$66,367$59,988$54,163$48,855$44,030$33,493
11 years$59,718$53,404$47,684$42,519$37,867$27,893
12 years$54,182$47,932$42,318$37,295$32,815$23,388
13 years$49,501$43,317$37,809$32,925$28,615$19,719
14 years$45,493$39,374$33,971$29,228$25,084$16,701
15 years$42,022$35,969$30,671$26,066$22,086$14,198
16 years$38,987$33,001$27,808$23,339$19,520$12,107
17 years$36,313$30,392$25,304$20,970$17,307$10,351
18 years$33,938$28,084$23,100$18,898$15,389$8,869
19 years$31,816$26,028$21,147$17,076$13,717$7,614
20 years$29,908$24,186$19,407$15,466$12,252$6,546
21 years$28,185$22,529$17,851$14,036$10,964$5,636
22 years$26,620$21,030$16,452$12,762$9,828$4,858
23 years$25,193$19,669$15,191$11,623$8,822$4,191
24 years$23,887$18,428$14,049$10,601$7,929$3,619
25 years$22,688$17,294$13,012$9,681$7,135$3,127
26 years$21,582$16,254$12,068$8,852$6,427$2,704
27 years$20,560$15,296$11,206$8,102$5,795$2,339
28 years$19,613$14,414$10,418$7,423$5,229$2,024
29 years$18,733$13,598$9,695$6,807$4,721$1,753
30 years$17,913$12,842$9,030$6,248$4,266$1,518
31 years$17,147$12,140$8,419$5,738$3,857$1,315
32 years$16,431$11,487$7,855$5,273$3,489$1,140
33 years$15,760$10,878$7,334$4,849$3,157$988
34 years$15,129$10,310$6,852$4,462$2,859$857
35 years$14,536$9,779$6,407$4,107$2,589$743
36 years$13,976$9,281$5,993$3,783$2,346$644
37 years$13,449$8,815$5,609$3,485$2,126$559
38 years$12,950$8,378$5,253$3,212$1,928$485
39 years$12,478$7,966$4,922$2,962$1,748$420
40 years$12,031$7,579$4,613$2,732$1,585$365
41 years$11,607$7,215$4,325$2,521$1,438$317
42 years$11,204$6,871$4,057$2,326$1,305$275
43 years$10,820$6,547$3,807$2,147$1,185$238
44 years$10,456$6,240$3,574$1,983$1,075$207
45 years$10,108$5,951$3,356$1,831$976$179
46 years$9,777$5,677$3,152$1,691$886$156
47 years$9,460$5,417$2,961$1,563$805$135
48 years$9,158$5,172$2,783$1,444$731$117
49 years$8,869$4,939$2,615$1,335$664$102
50 years$8,592$4,718$2,459$1,233$603$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $8,800,000, adding $4,741 every year, while hoping to spend $22,522 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: 72/11/17 Blend
67$8,800,000$8,800,000$8,800,000$8,800,000
68$9,702,490$9,236,090$9,099,690$10,362,453
69$10,668,181$9,664,696$9,380,567$11,229,915
70$11,731,618$10,113,548$9,670,098$12,176,414
71$12,902,746$10,583,615$9,968,549$13,212,377
72$14,192,526$11,075,912$10,276,196$14,346,667
73$15,613,035$11,591,503$10,593,320$15,589,037
74$17,177,582$12,131,504$10,920,213$16,950,227
75$18,900,831$12,697,084$11,257,176$18,442,061
76$20,798,943$13,289,467$11,604,518$20,077,557
77$22,889,723$13,909,940$11,962,558$21,871,048
78$25,192,796$14,559,848$12,331,625$23,838,316
79$27,729,785$15,240,604$12,712,058$25,996,741
80$30,524,517$15,953,687$13,104,206$28,365,461
81$33,603,250$16,700,650$13,508,429$30,965,553
82$36,994,919$17,483,119$13,925,098$33,820,227
83$40,731,408$18,302,800$14,354,597$36,955,046
84$44,847,853$19,161,479$14,797,318$40,398,164
85$49,382,975$20,061,032$15,253,668$44,180,590
86$54,379,438$21,003,423$15,724,066$48,336,478
87$59,884,263$21,990,712$16,208,944$52,903,448
88$65,949,260$23,025,059$16,708,746$57,922,937
89$72,631,526$24,108,728$17,223,931$63,440,589
90$79,993,979$25,244,094$17,754,970$69,506,683
91$88,105,955$26,433,645$18,302,352$76,176,606
92$97,043,860$27,679,990$18,866,577$83,511,371
93$106,891,890$28,985,866$19,448,164$91,578,189
94$117,742,830$30,354,141$20,047,645$100,451,104
95$129,698,926$31,787,822$20,665,569$110,211,687
96$142,872,855$33,290,063$21,302,503$120,949,801
97$157,388,779$34,864,169$21,959,031$132,764,449
98$173,383,530$36,513,609$22,635,753$145,764,701
99$191,007,889$38,242,015$23,333,290$160,070,724
100$210,428,019$40,053,199$24,052,281$175,814,909