Can I retire at age 68 with 9,100,000?

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 $9,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$751,469$744,776$738,245$731,871$725,647$711,578
2 years$372,015$365,086$358,371$351,861$345,546$331,429
3 years$245,546$238,588$231,890$225,441$219,229$205,503
4 years$182,324$175,387$168,757$162,417$156,356$143,128
5 years$144,401$137,506$130,962$124,752$118,859$106,167
6 years$119,127$112,284$105,837$99,765$94,049$81,906
7 years$101,082$94,296$87,951$82,023$76,487$64,897
8 years$87,554$80,829$74,589$68,807$63,453$52,412
9 years$77,037$70,376$64,244$58,608$53,437$42,938
10 years$68,629$62,033$56,009$50,521$45,531$35,564
11 years$61,754$55,224$49,310$43,968$39,158$29,711
12 years$56,029$49,566$43,761$38,566$33,934$24,994
13 years$51,189$44,794$39,098$34,048$29,591$21,143
14 years$47,043$40,716$35,129$30,224$25,939$17,968
15 years$43,454$37,195$31,717$26,954$22,839$15,328
16 years$40,316$34,126$28,756$24,135$20,185$13,117
17 years$37,551$31,428$26,167$21,685$17,897$11,255
18 years$35,095$29,041$23,887$19,542$15,914$9,679
19 years$32,901$26,915$21,867$17,658$14,184$8,340
20 years$30,928$25,011$20,069$15,993$12,670$7,197
21 years$29,146$23,297$18,459$14,515$11,338$6,220
22 years$27,527$21,747$17,013$13,197$10,163$5,382
23 years$26,052$20,339$15,709$12,019$9,123$4,661
24 years$24,702$19,056$14,528$10,962$8,200$4,041
25 years$23,461$17,884$13,456$10,011$7,378$3,506
26 years$22,318$16,808$12,480$9,154$6,646$3,043
27 years$21,261$15,818$11,588$8,379$5,992$2,643
28 years$20,282$14,905$10,773$7,677$5,407$2,297
29 years$19,372$14,061$10,025$7,040$4,882$1,997
30 years$18,524$13,279$9,338$6,461$4,411$1,737
31 years$17,732$12,553$8,706$5,933$3,988$1,511
32 years$16,991$11,878$8,122$5,453$3,608$1,315
33 years$16,297$11,249$7,584$5,015$3,265$1,145
34 years$15,645$10,661$7,086$4,614$2,956$997
35 years$15,031$10,112$6,625$4,247$2,677$868
36 years$14,453$9,598$6,197$3,912$2,426$756
37 years$13,907$9,116$5,801$3,604$2,199$658
38 years$13,392$8,663$5,432$3,322$1,993$573
39 years$12,904$8,238$5,089$3,063$1,808$500
40 years$12,441$7,838$4,770$2,825$1,640$435
41 years$12,002$7,461$4,473$2,607$1,487$379
42 years$11,586$7,105$4,196$2,406$1,350$331
43 years$11,189$6,770$3,937$2,221$1,225$288
44 years$10,812$6,453$3,696$2,050$1,112$251
45 years$10,453$6,154$3,470$1,894$1,009$219
46 years$10,110$5,870$3,259$1,749$916$191
47 years$9,783$5,602$3,062$1,616$832$166
48 years$9,470$5,348$2,877$1,493$756$145
49 years$9,171$5,107$2,705$1,380$686$126
50 years$8,885$4,878$2,543$1,276$623$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $9,100,000, adding $6,221 every year, while hoping to spend $29,452 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: 34/50/16 Blend
67$9,100,000$9,100,000$9,100,000$9,100,000
68$10,034,617$9,552,317$9,411,267$10,325,793
69$11,026,811$9,989,044$9,695,208$10,976,001
70$12,119,222$10,446,183$9,987,673$11,673,501
71$13,322,041$10,924,704$10,288,918$12,425,037
72$14,646,497$11,425,622$10,599,205$13,235,392
73$16,104,964$11,950,002$10,918,803$14,109,807
74$17,711,077$12,498,959$11,247,989$15,054,020
75$19,479,861$13,073,662$11,587,051$16,074,321
76$21,427,872$13,675,337$11,936,283$17,177,606
77$23,573,354$14,305,267$12,295,987$18,371,433
78$25,936,409$14,964,799$12,666,476$19,664,093
79$28,539,192$15,655,343$13,048,072$21,064,679
80$31,406,112$16,378,378$13,441,105$22,583,167
81$34,564,070$17,135,452$13,845,916$24,230,506
82$38,042,707$17,928,192$14,262,857$26,018,711
83$41,874,688$18,758,298$14,692,287$27,960,974
84$46,096,007$19,627,555$15,134,580$30,071,779
85$50,746,329$20,537,835$15,590,117$32,367,033
86$55,869,363$21,491,097$16,059,294$34,864,204
87$61,513,273$22,489,396$16,542,516$37,582,486
88$67,731,137$23,534,887$17,040,201$40,542,964
89$74,581,444$24,629,827$17,552,778$43,768,808
90$82,128,647$25,776,584$18,080,692$47,285,482
91$90,443,771$26,977,639$18,624,397$51,120,975
92$99,605,085$28,235,592$19,184,364$55,306,055
93$109,698,839$29,553,171$19,761,075$59,874,548
94$120,820,077$30,933,233$20,355,028$64,863,646
95$133,073,539$32,378,775$20,966,735$70,314,250
96$146,574,642$33,892,938$21,596,723$76,271,340
97$161,450,578$35,479,014$22,245,535$82,784,387
98$177,841,507$37,140,456$22,913,731$89,907,811
99$195,901,884$38,880,881$23,601,884$97,701,476
100$215,801,916$40,704,085$24,310,587$106,231,243