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

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 $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%19.6%
1 years$751,469$744,776$738,245$731,871$725,647$697,683
2 years$372,015$365,086$358,371$351,861$345,546$317,706
3 years$245,546$238,588$231,890$225,441$219,229$192,389
4 years$182,324$175,387$168,757$162,417$156,356$130,721
5 years$144,401$137,506$130,962$124,752$118,859$94,495
6 years$119,127$112,284$105,837$99,765$94,049$70,972
7 years$101,082$94,296$87,951$82,023$76,487$54,689
8 years$87,554$80,829$74,589$68,807$63,453$42,914
9 years$77,037$70,376$64,244$58,608$53,437$34,126
10 years$68,629$62,033$56,009$50,521$45,531$27,413
11 years$61,754$55,224$49,310$43,968$39,158$22,191
12 years$56,029$49,566$43,761$38,566$33,934$18,074
13 years$51,189$44,794$39,098$34,048$29,591$14,792
14 years$47,043$40,716$35,129$30,224$25,939$12,152
15 years$43,454$37,195$31,717$26,954$22,839$10,015
16 years$40,316$34,126$28,756$24,135$20,185$8,274
17 years$37,551$31,428$26,167$21,685$17,897$6,850
18 years$35,095$29,041$23,887$19,542$15,914$5,681
19 years$32,901$26,915$21,867$17,658$14,184$4,718
20 years$30,928$25,011$20,069$15,993$12,670$3,923
21 years$29,146$23,297$18,459$14,515$11,338$3,264
22 years$27,527$21,747$17,013$13,197$10,163$2,719
23 years$26,052$20,339$15,709$12,019$9,123$2,266
24 years$24,702$19,056$14,528$10,962$8,200$1,889
25 years$23,461$17,884$13,456$10,011$7,378$1,576
26 years$22,318$16,808$12,480$9,154$6,646$1,315
27 years$21,261$15,818$11,588$8,379$5,992$1,098
28 years$20,282$14,905$10,773$7,677$5,407$917
29 years$19,372$14,061$10,025$7,040$4,882$766
30 years$18,524$13,279$9,338$6,461$4,411$640
31 years$17,732$12,553$8,706$5,933$3,988$534
32 years$16,991$11,878$8,122$5,453$3,608$447
33 years$16,297$11,249$7,584$5,015$3,265$373
34 years$15,645$10,661$7,086$4,614$2,956$312
35 years$15,031$10,112$6,625$4,247$2,677$261
36 years$14,453$9,598$6,197$3,912$2,426$218
37 years$13,907$9,116$5,801$3,604$2,199$182
38 years$13,392$8,663$5,432$3,322$1,993$152
39 years$12,904$8,238$5,089$3,063$1,808$127
40 years$12,441$7,838$4,770$2,825$1,640$106
41 years$12,002$7,461$4,473$2,607$1,487$89
42 years$11,586$7,105$4,196$2,406$1,350$74
43 years$11,189$6,770$3,937$2,221$1,225$62
44 years$10,812$6,453$3,696$2,050$1,112$52
45 years$10,453$6,154$3,470$1,894$1,009$43
46 years$10,110$5,870$3,259$1,749$916$36
47 years$9,783$5,602$3,062$1,616$832$30
48 years$9,470$5,348$2,877$1,493$756$25
49 years$9,171$5,107$2,705$1,380$686$21
50 years$8,885$4,878$2,543$1,276$623$18

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 $5,233 every year, while hoping to spend $44,658 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: 79/6/15 Blend
67$9,100,000$9,100,000$9,100,000$9,100,000
68$10,033,598$9,551,298$9,410,248$10,794,554
69$11,009,509$9,971,796$9,677,975$11,716,819
70$12,083,466$10,411,401$9,953,175$12,722,249
71$13,265,424$10,871,003$10,236,050$13,824,154
72$14,566,348$11,351,534$10,526,809$15,032,173
73$15,998,324$11,853,967$10,825,665$16,356,921
74$17,574,667$12,379,325$11,132,839$17,810,089
75$19,310,049$12,928,679$11,448,555$19,404,553
76$21,220,637$13,503,147$11,773,045$21,154,494
77$23,324,246$14,103,905$12,106,546$23,075,531
78$25,640,504$14,732,182$12,449,300$25,184,868
79$28,191,042$15,389,265$12,801,559$27,501,457
80$30,999,694$16,076,505$13,163,576$30,046,170
81$34,092,724$16,795,314$13,535,617$32,842,004
82$37,499,070$17,547,173$13,917,949$35,914,286
83$41,250,624$18,333,634$14,310,849$39,290,922
84$45,382,526$19,156,320$14,714,601$43,002,649
85$49,933,499$20,016,935$15,129,495$47,083,332
86$54,946,212$20,917,261$15,555,829$51,570,276
87$60,467,686$21,859,167$15,993,910$56,504,583
88$66,549,735$22,844,611$16,444,051$61,931,532
89$73,249,455$23,875,644$16,906,574$67,901,009
90$80,629,763$24,954,414$17,381,807$74,467,974
91$88,759,992$26,083,174$17,870,091$81,692,983
92$97,716,543$27,264,281$18,371,770$89,642,751
93$107,583,607$28,500,208$18,887,202$98,390,785
94$118,453,962$29,793,544$19,416,750$108,018,073
95$130,429,842$31,147,004$19,960,787$118,613,849
96$143,623,910$32,563,432$20,519,698$130,276,432
97$158,160,315$34,045,806$21,093,874$143,114,154
98$174,175,867$35,597,250$21,683,718$157,246,377
99$191,821,325$37,221,035$22,289,642$172,804,621
100$211,262,825$38,920,591$22,912,070$189,933,800