Can I retire at age 68 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$767,985$761,144$754,470$747,956$741,595$736,304
2 years$380,191$373,110$366,248$359,594$353,141$347,806
3 years$250,943$243,832$236,987$230,396$224,047$218,833
4 years$186,331$179,242$172,466$165,987$159,792$154,739
5 years$147,575$140,528$133,840$127,494$121,471$116,595
6 years$121,745$114,752$108,163$101,958$96,116$91,422
7 years$103,303$96,368$89,884$83,825$78,168$73,658
8 years$89,478$82,605$76,229$70,319$64,848$60,522
9 years$78,730$71,923$65,656$59,896$54,611$50,469
10 years$70,137$63,396$57,240$51,631$46,532$42,570
11 years$63,111$56,438$50,393$44,934$40,019$36,236
12 years$57,261$50,656$44,723$39,414$34,679$31,071
13 years$52,314$45,778$39,957$34,796$30,241$26,804
14 years$48,077$41,611$35,901$30,888$26,509$23,239
15 years$44,409$38,012$32,414$27,547$23,341$20,233
16 years$41,203$34,876$29,388$24,665$20,629$17,679
17 years$38,376$32,119$26,742$22,162$18,291$15,494
18 years$35,867$29,680$24,412$19,972$16,263$13,615
19 years$33,624$27,507$22,348$18,046$14,496$11,990
20 years$31,608$25,561$20,510$16,344$12,948$10,580
21 years$29,786$23,809$18,865$14,834$11,587$9,352
22 years$28,132$22,225$17,387$13,487$10,386$8,278
23 years$26,625$20,786$16,054$12,283$9,323$7,337
24 years$25,245$19,475$14,847$11,203$8,380$6,510
25 years$23,977$18,277$13,752$10,231$7,541$5,783
26 years$22,809$17,177$12,754$9,355$6,792$5,141
27 years$21,729$16,166$11,843$8,563$6,124$4,574
28 years$20,728$15,233$11,010$7,845$5,526$4,072
29 years$19,797$14,370$10,245$7,194$4,990$3,628
30 years$18,931$13,571$9,543$6,603$4,508$3,233
31 years$18,122$12,829$8,897$6,064$4,076$2,883
32 years$17,365$12,139$8,301$5,573$3,687$2,572
33 years$16,655$11,496$7,751$5,125$3,337$2,296
34 years$15,988$10,896$7,242$4,715$3,021$2,049
35 years$15,361$10,334$6,771$4,341$2,736$1,830
36 years$14,771$9,809$6,334$3,998$2,479$1,635
37 years$14,213$9,316$5,928$3,683$2,247$1,461
38 years$13,686$8,854$5,551$3,395$2,037$1,305
39 years$13,187$8,419$5,201$3,130$1,847$1,167
40 years$12,715$8,010$4,875$2,887$1,676$1,043
41 years$12,266$7,625$4,571$2,664$1,520$933
42 years$11,840$7,261$4,288$2,458$1,379$834
43 years$11,435$6,919$4,024$2,269$1,252$746
44 years$11,050$6,595$3,777$2,095$1,136$667
45 years$10,682$6,289$3,546$1,935$1,032$597
46 years$10,332$5,999$3,331$1,788$937$534
47 years$9,998$5,725$3,129$1,651$850$478
48 years$9,678$5,466$2,941$1,526$772$427
49 years$9,372$5,219$2,764$1,410$701$382
50 years$9,080$4,986$2,599$1,304$637$342

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $9,300,000, adding $3,723 every year, while hoping to spend $48,746 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: 56/38/6 Blend
67$9,300,000$9,300,000$9,300,000$9,300,000
68$10,252,440$9,759,540$9,615,390$10,813,286
69$11,246,324$10,185,892$9,885,640$11,617,673
70$12,339,950$10,631,502$10,163,310$12,487,546
71$13,543,440$11,097,261$10,448,597$13,433,726
72$14,867,948$11,584,104$10,741,702$14,463,483
73$16,325,764$12,093,010$11,042,834$15,584,802
74$17,930,426$12,625,002$11,352,203$16,806,462
75$19,696,857$13,181,154$11,670,029$18,138,111
76$21,641,495$13,762,590$11,996,534$19,590,358
77$23,782,457$14,370,486$12,331,947$21,174,865
78$26,139,702$15,006,075$12,676,502$22,904,455
79$28,735,228$15,670,648$13,030,441$24,793,234
80$31,593,269$16,365,557$13,394,008$26,856,711
81$34,740,532$17,092,219$13,767,457$29,111,948
82$38,206,445$17,852,117$14,151,046$31,577,714
83$42,023,437$18,646,805$14,545,041$34,274,656
84$46,227,240$19,477,911$14,949,712$37,225,492
85$50,857,229$20,347,139$15,365,338$40,455,218
86$55,956,793$21,256,276$15,792,204$43,991,340
87$61,573,745$22,207,193$16,230,602$47,864,128
88$67,760,771$23,201,850$16,680,831$52,106,896
89$74,575,929$24,242,299$17,143,198$56,756,311
90$82,083,195$25,330,693$17,618,016$61,852,730
91$90,353,068$26,469,284$18,105,607$67,440,578
92$99,463,236$27,660,434$18,606,300$73,568,761
93$109,499,307$28,906,617$19,120,432$80,291,115
94$120,555,618$30,210,423$19,648,348$87,666,912
95$132,736,126$31,574,568$20,190,402$95,761,411
96$146,155,386$33,001,897$20,746,956$104,646,463
97$160,939,636$34,495,391$21,318,380$114,401,183
98$177,227,986$36,058,172$21,905,053$125,112,688
99$195,173,732$37,693,514$22,507,363$136,876,909
100$214,945,802$39,404,845$23,125,709$149,799,484