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%18.1%
1 years$751,469$744,776$738,245$731,871$725,647$701,857
2 years$372,015$365,086$358,371$351,861$345,546$321,805
3 years$245,546$238,588$231,890$225,441$219,229$196,282
4 years$182,324$175,387$168,757$162,417$156,356$134,379
5 years$144,401$137,506$130,962$124,752$118,859$97,911
6 years$119,127$112,284$105,837$99,765$94,049$74,147
7 years$101,082$94,296$87,951$82,023$76,487$57,628
8 years$87,554$80,829$74,589$68,807$63,453$45,624
9 years$77,037$70,376$64,244$58,608$53,437$36,616
10 years$68,629$62,033$56,009$50,521$45,531$29,693
11 years$61,754$55,224$49,310$43,968$39,158$24,273
12 years$56,029$49,566$43,761$38,566$33,934$19,968
13 years$51,189$44,794$39,098$34,048$29,591$16,510
14 years$47,043$40,716$35,129$30,224$25,939$13,707
15 years$43,454$37,195$31,717$26,954$22,839$11,417
16 years$40,316$34,126$28,756$24,135$20,185$9,536
17 years$37,551$31,428$26,167$21,685$17,897$7,983
18 years$35,095$29,041$23,887$19,542$15,914$6,695
19 years$32,901$26,915$21,867$17,658$14,184$5,623
20 years$30,928$25,011$20,069$15,993$12,670$4,729
21 years$29,146$23,297$18,459$14,515$11,338$3,982
22 years$27,527$21,747$17,013$13,197$10,163$3,355
23 years$26,052$20,339$15,709$12,019$9,123$2,830
24 years$24,702$19,056$14,528$10,962$8,200$2,388
25 years$23,461$17,884$13,456$10,011$7,378$2,016
26 years$22,318$16,808$12,480$9,154$6,646$1,703
27 years$21,261$15,818$11,588$8,379$5,992$1,439
28 years$20,282$14,905$10,773$7,677$5,407$1,216
29 years$19,372$14,061$10,025$7,040$4,882$1,028
30 years$18,524$13,279$9,338$6,461$4,411$870
31 years$17,732$12,553$8,706$5,933$3,988$736
32 years$16,991$11,878$8,122$5,453$3,608$622
33 years$16,297$11,249$7,584$5,015$3,265$527
34 years$15,645$10,661$7,086$4,614$2,956$446
35 years$15,031$10,112$6,625$4,247$2,677$377
36 years$14,453$9,598$6,197$3,912$2,426$319
37 years$13,907$9,116$5,801$3,604$2,199$270
38 years$13,392$8,663$5,432$3,322$1,993$229
39 years$12,904$8,238$5,089$3,063$1,808$194
40 years$12,441$7,838$4,770$2,825$1,640$164
41 years$12,002$7,461$4,473$2,607$1,487$139
42 years$11,586$7,105$4,196$2,406$1,350$117
43 years$11,189$6,770$3,937$2,221$1,225$99
44 years$10,812$6,453$3,696$2,050$1,112$84
45 years$10,453$6,154$3,470$1,894$1,009$71
46 years$10,110$5,870$3,259$1,749$916$60
47 years$9,783$5,602$3,062$1,616$832$51
48 years$9,470$5,348$2,877$1,493$756$43
49 years$9,171$5,107$2,705$1,380$686$37
50 years$8,885$4,878$2,543$1,276$623$31

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 $3,381 every year, while hoping to spend $54,890 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: 60/26/14 Blend
67$9,100,000$9,100,000$9,100,000$9,100,000
68$10,031,688$9,549,388$9,408,338$10,598,470
69$10,996,517$9,958,905$9,665,114$11,390,126
70$12,057,920$10,386,649$9,928,653$12,246,865
71$13,225,688$10,833,455$10,199,123$13,180,138
72$14,510,610$11,300,197$10,476,697$14,197,345
73$15,924,576$11,787,790$10,761,550$15,306,619
74$17,480,684$12,297,193$11,053,863$16,516,911
75$19,193,367$12,829,408$11,353,820$17,838,063
76$21,078,527$13,385,486$11,661,610$19,280,904
77$23,153,688$13,966,526$11,977,425$20,857,348
78$25,438,157$14,573,679$12,301,462$22,580,504
79$27,953,211$15,208,151$12,633,922$24,464,798
80$30,722,291$15,871,203$12,975,011$26,526,104
81$33,771,230$16,564,157$13,324,939$28,781,893
82$37,128,491$17,288,397$13,683,921$31,251,395
83$40,825,440$18,045,371$14,052,175$33,955,773
84$44,896,637$18,836,597$14,429,925$36,918,328
85$49,380,168$19,663,663$14,817,401$40,164,707
86$54,317,996$20,528,234$15,214,836$43,723,145
87$59,756,367$21,432,053$15,622,467$47,624,728
88$65,746,236$22,376,943$16,040,540$51,903,682
89$72,343,755$23,364,816$16,469,301$56,597,693
90$79,610,801$24,397,675$16,909,005$61,748,255
91$87,615,557$25,477,615$17,359,911$67,401,062
92$96,433,158$26,606,833$17,822,282$73,606,429
93$106,146,400$27,787,627$18,296,389$80,419,768
94$116,846,520$29,022,408$18,782,505$87,902,103
95$128,634,058$30,313,699$19,280,912$96,120,638
96$141,619,804$31,664,143$19,791,895$105,149,391
97$155,925,846$33,076,508$20,315,745$115,069,885
98$171,686,721$34,553,695$20,852,761$125,971,909
99$189,050,682$36,098,742$21,403,244$137,954,361
100$208,181,103$37,714,831$21,967,504$151,126,177