Can I retire at age 68 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$759,727$752,960$746,358$739,913$733,621$725,960
2 years$376,103$369,098$362,310$355,728$349,343$341,628
3 years$248,244$241,210$234,438$227,918$221,638$214,108
4 years$184,328$177,315$170,611$164,202$158,074$150,788
5 years$145,988$139,017$132,401$126,123$120,165$113,144
6 years$120,436$113,518$107,000$100,862$95,083$88,335
7 years$102,192$95,332$88,917$82,924$77,328$70,856
8 years$88,516$81,717$75,409$69,563$64,151$57,955
9 years$77,884$71,149$64,950$59,252$54,024$48,102
10 years$69,383$62,715$56,625$51,076$46,031$40,379
11 years$62,433$55,831$49,851$44,451$39,588$34,202
12 years$56,645$50,111$44,242$38,990$34,307$29,179
13 years$51,751$45,286$39,527$34,422$29,916$25,043
14 years$47,560$41,164$35,515$30,556$26,224$21,598
15 years$43,932$37,604$32,066$27,251$23,090$18,703
16 years$40,759$34,501$29,072$24,400$20,407$16,253
17 years$37,963$31,774$26,455$21,923$18,094$14,165
18 years$35,481$29,360$24,150$19,757$16,088$12,377
19 years$33,262$27,211$22,108$17,852$14,340$10,837
20 years$31,268$25,286$20,289$16,169$12,809$9,507
21 years$29,466$23,553$18,662$14,674$11,462$8,353
22 years$27,830$21,986$17,200$13,342$10,274$7,350
23 years$26,338$20,563$15,881$12,151$9,223$6,475
24 years$24,973$19,266$14,688$11,082$8,290$5,710
25 years$23,719$18,080$13,604$10,121$7,460$5,041
26 years$22,563$16,992$12,617$9,254$6,719$4,453
27 years$21,495$15,992$11,716$8,471$6,058$3,937
28 years$20,505$15,069$10,891$7,761$5,466$3,483
29 years$19,585$14,216$10,135$7,117$4,936$3,083
30 years$18,727$13,425$9,441$6,532$4,460$2,730
31 years$17,927$12,691$8,801$5,999$4,032$2,418
32 years$17,178$12,009$8,212$5,513$3,647$2,143
33 years$16,476$11,372$7,667$5,070$3,301$1,900
34 years$15,817$10,778$7,164$4,664$2,989$1,685
35 years$15,196$10,223$6,698$4,294$2,707$1,495
36 years$14,612$9,703$6,266$3,955$2,453$1,326
37 years$14,060$9,216$5,864$3,644$2,223$1,177
38 years$13,539$8,758$5,492$3,358$2,015$1,045
39 years$13,045$8,328$5,145$3,097$1,827$927
40 years$12,578$7,924$4,823$2,856$1,658$823
41 years$12,134$7,543$4,522$2,635$1,504$731
42 years$11,713$7,183$4,242$2,432$1,365$649
43 years$11,312$6,844$3,980$2,245$1,238$577
44 years$10,931$6,524$3,736$2,073$1,124$512
45 years$10,568$6,221$3,508$1,914$1,020$455
46 years$10,221$5,935$3,295$1,768$927$404
47 years$9,890$5,664$3,096$1,634$841$359
48 years$9,574$5,407$2,909$1,510$764$319
49 years$9,272$5,163$2,734$1,395$694$284
50 years$8,982$4,932$2,571$1,290$630$252

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $9,200,000, adding $3,527 every year, while hoping to spend $27,531 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: 34/36/30 Blend
67$9,200,000$9,200,000$9,200,000$9,200,000
68$10,142,038$9,654,438$9,511,838$10,394,839
69$11,147,233$10,098,213$9,801,192$11,030,821
70$12,254,036$10,562,810$10,099,316$11,713,459
71$13,472,780$11,049,220$10,406,476$12,449,080
72$14,814,854$11,558,483$10,722,944$13,242,429
73$16,292,808$12,091,687$11,049,001$14,098,705
74$17,920,468$12,649,973$11,384,936$15,023,610
75$19,713,072$13,234,538$11,731,048$16,023,397
76$21,687,410$13,846,635$12,087,642$17,104,925
77$23,861,984$14,487,578$12,455,037$18,275,723
78$26,257,182$15,158,745$12,833,556$19,544,049
79$28,895,470$15,861,580$13,223,536$20,918,971
80$31,801,606$16,597,595$13,625,322$22,410,442
81$35,002,869$17,368,377$14,039,270$24,029,395
82$38,529,323$18,175,588$14,465,747$25,787,835
83$42,414,094$19,020,972$14,905,130$27,698,949
84$46,693,687$19,906,356$15,357,807$29,777,224
85$51,408,330$20,833,653$15,824,180$32,038,582
86$56,602,350$21,804,873$16,304,661$34,500,516
87$62,324,598$22,822,119$16,799,674$37,182,257
88$68,628,901$23,887,598$17,309,658$40,104,942
89$75,574,581$25,003,622$17,835,063$43,291,810
90$83,227,004$26,172,615$18,376,354$46,768,413
91$91,658,204$27,397,119$18,934,008$50,562,848
92$100,947,562$28,679,799$19,508,517$54,706,016
93$111,182,550$30,023,446$20,100,390$59,231,904
94$122,459,565$31,430,990$20,710,148$64,177,897
95$134,884,832$32,905,500$21,338,330$69,585,123
96$148,575,410$34,450,194$21,985,488$75,498,828
97$163,660,295$36,068,447$22,652,195$81,968,795
98$180,281,639$37,763,795$23,339,038$89,049,804
99$198,596,092$39,539,947$24,046,622$96,802,137
100$218,776,280$41,400,790$24,775,570$105,292,135