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

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$759,727$752,960$746,358$739,913$733,621$727,171
2 years$376,103$369,098$362,310$355,728$349,343$342,843
3 years$248,244$241,210$234,438$227,918$221,638$215,289
4 years$184,328$177,315$170,611$164,202$158,074$151,926
5 years$145,988$139,017$132,401$126,123$120,165$114,237
6 years$120,436$113,518$107,000$100,862$95,083$89,380
7 years$102,192$95,332$88,917$82,924$77,328$71,854
8 years$88,516$81,717$75,409$69,563$64,151$58,906
9 years$77,884$71,149$64,950$59,252$54,024$49,006
10 years$69,383$62,715$56,625$51,076$46,031$41,237
11 years$62,433$55,831$49,851$44,451$39,588$35,015
12 years$56,645$50,111$44,242$38,990$34,307$29,949
13 years$51,751$45,286$39,527$34,422$29,916$25,769
14 years$47,560$41,164$35,515$30,556$26,224$22,283
15 years$43,932$37,604$32,066$27,251$23,090$19,349
16 years$40,759$34,501$29,072$24,400$20,407$16,861
17 years$37,963$31,774$26,455$21,923$18,094$14,736
18 years$35,481$29,360$24,150$19,757$16,088$12,912
19 years$33,262$27,211$22,108$17,852$14,340$11,339
20 years$31,268$25,286$20,289$16,169$12,809$9,976
21 years$29,466$23,553$18,662$14,674$11,462$8,792
22 years$27,830$21,986$17,200$13,342$10,274$7,759
23 years$26,338$20,563$15,881$12,151$9,223$6,856
24 years$24,973$19,266$14,688$11,082$8,290$6,065
25 years$23,719$18,080$13,604$10,121$7,460$5,370
26 years$22,563$16,992$12,617$9,254$6,719$4,759
27 years$21,495$15,992$11,716$8,471$6,058$4,221
28 years$20,505$15,069$10,891$7,761$5,466$3,746
29 years$19,585$14,216$10,135$7,117$4,936$3,326
30 years$18,727$13,425$9,441$6,532$4,460$2,955
31 years$17,927$12,691$8,801$5,999$4,032$2,627
32 years$17,178$12,009$8,212$5,513$3,647$2,336
33 years$16,476$11,372$7,667$5,070$3,301$2,078
34 years$15,817$10,778$7,164$4,664$2,989$1,849
35 years$15,196$10,223$6,698$4,294$2,707$1,645
36 years$14,612$9,703$6,266$3,955$2,453$1,465
37 years$14,060$9,216$5,864$3,644$2,223$1,304
38 years$13,539$8,758$5,492$3,358$2,015$1,162
39 years$13,045$8,328$5,145$3,097$1,827$1,035
40 years$12,578$7,924$4,823$2,856$1,658$922
41 years$12,134$7,543$4,522$2,635$1,504$822
42 years$11,713$7,183$4,242$2,432$1,365$732
43 years$11,312$6,844$3,980$2,245$1,238$653
44 years$10,931$6,524$3,736$2,073$1,124$582
45 years$10,568$6,221$3,508$1,914$1,020$518
46 years$10,221$5,935$3,295$1,768$927$462
47 years$9,890$5,664$3,096$1,634$841$412
48 years$9,574$5,407$2,909$1,510$764$367
49 years$9,272$5,163$2,734$1,395$694$328
50 years$8,982$4,932$2,571$1,290$630$292

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 $5,422 every year, while hoping to spend $27,742 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: 23/48/29 Blend
67$9,200,000$9,200,000$9,200,000$9,200,000
68$10,143,993$9,656,393$9,513,793$10,284,393
69$11,149,163$10,100,039$9,802,988$10,851,214
70$12,255,930$10,564,494$10,100,941$11,454,952
71$13,474,629$11,050,748$10,407,916$12,100,741
72$14,816,646$11,559,839$10,724,186$12,792,073
73$16,294,528$12,092,855$11,050,030$13,532,760
74$17,922,101$12,650,936$11,385,738$14,326,966
75$19,714,601$13,235,278$11,731,605$15,179,244
76$21,688,816$13,847,132$12,087,940$16,094,572
77$23,863,246$14,487,812$12,455,057$17,078,394
78$26,258,276$15,158,694$12,833,280$18,136,667
79$28,896,370$15,861,220$13,222,945$19,275,912
80$31,802,282$16,596,902$13,624,395$20,503,268
81$35,003,288$17,367,324$14,037,986$21,826,551
82$38,529,449$18,174,148$14,464,084$23,254,328
83$42,413,886$19,019,115$14,903,064$24,795,983
84$46,693,101$19,904,049$15,355,315$26,461,803
85$51,407,315$20,830,865$15,821,236$28,263,066
86$56,600,851$21,801,568$16,301,238$30,212,138
87$62,322,553$22,818,260$16,795,744$32,322,586
88$68,626,244$23,883,145$17,305,192$34,609,291
89$75,571,234$24,998,533$17,830,030$37,088,586
90$83,222,886$26,166,847$18,370,721$39,778,394
91$91,653,222$27,390,624$18,927,742$42,698,392
92$100,941,613$28,672,527$19,501,584$45,870,184
93$111,175,522$30,015,345$20,092,751$49,317,496
94$122,451,333$31,422,005$20,701,766$53,066,386
95$134,875,257$32,895,572$21,329,164$57,145,479
96$148,564,339$34,439,261$21,975,497$61,586,226
97$163,647,560$36,056,443$22,641,334$66,423,186
98$180,267,053$37,750,650$23,327,261$71,694,339
99$198,579,450$39,525,589$24,033,881$77,441,430
100$218,757,353$41,385,142$24,761,815$83,710,349