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

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$767,985$761,144$754,470$747,956$741,595$722,787
2 years$380,191$373,110$366,248$359,594$353,141$334,314
3 years$250,943$243,832$236,987$230,396$224,047$205,791
4 years$186,331$179,242$172,466$165,987$159,792$142,247
5 years$147,575$140,528$133,840$127,494$121,471$104,685
6 years$121,745$114,752$108,163$101,958$96,116$80,106
7 years$103,303$96,368$89,884$83,825$78,168$62,935
8 years$89,478$82,605$76,229$70,319$64,848$50,386
9 years$78,730$71,923$65,656$59,896$54,611$40,907
10 years$70,137$63,396$57,240$51,631$46,532$33,569
11 years$63,111$56,438$50,393$44,934$40,019$27,779
12 years$57,261$50,656$44,723$39,414$34,679$23,141
13 years$52,314$45,778$39,957$34,796$30,241$19,380
14 years$48,077$41,611$35,901$30,888$26,509$16,302
15 years$44,409$38,012$32,414$27,547$23,341$13,762
16 years$41,203$34,876$29,388$24,665$20,629$11,653
17 years$38,376$32,119$26,742$22,162$18,291$9,891
18 years$35,867$29,680$24,412$19,972$16,263$8,413
19 years$33,624$27,507$22,348$18,046$14,496$7,168
20 years$31,608$25,561$20,510$16,344$12,948$6,117
21 years$29,786$23,809$18,865$14,834$11,587$5,226
22 years$28,132$22,225$17,387$13,487$10,386$4,470
23 years$26,625$20,786$16,054$12,283$9,323$3,826
24 years$25,245$19,475$14,847$11,203$8,380$3,278
25 years$23,977$18,277$13,752$10,231$7,541$2,810
26 years$22,809$17,177$12,754$9,355$6,792$2,410
27 years$21,729$16,166$11,843$8,563$6,124$2,068
28 years$20,728$15,233$11,010$7,845$5,526$1,775
29 years$19,797$14,370$10,245$7,194$4,990$1,525
30 years$18,931$13,571$9,543$6,603$4,508$1,310
31 years$18,122$12,829$8,897$6,064$4,076$1,125
32 years$17,365$12,139$8,301$5,573$3,687$967
33 years$16,655$11,496$7,751$5,125$3,337$831
34 years$15,988$10,896$7,242$4,715$3,021$715
35 years$15,361$10,334$6,771$4,341$2,736$615
36 years$14,771$9,809$6,334$3,998$2,479$529
37 years$14,213$9,316$5,928$3,683$2,247$455
38 years$13,686$8,854$5,551$3,395$2,037$391
39 years$13,187$8,419$5,201$3,130$1,847$336
40 years$12,715$8,010$4,875$2,887$1,676$289
41 years$12,266$7,625$4,571$2,664$1,520$249
42 years$11,840$7,261$4,288$2,458$1,379$214
43 years$11,435$6,919$4,024$2,269$1,252$184
44 years$11,050$6,595$3,777$2,095$1,136$159
45 years$10,682$6,289$3,546$1,935$1,032$136
46 years$10,332$5,999$3,331$1,788$937$117
47 years$9,998$5,725$3,129$1,651$850$101
48 years$9,678$5,466$2,941$1,526$772$87
49 years$9,372$5,219$2,764$1,410$701$75
50 years$9,080$4,986$2,599$1,304$637$64

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 $2,332 every year, while hoping to spend $41,472 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: 44/49/7 Blend
67$9,300,000$9,300,000$9,300,000$9,300,000
68$10,251,005$9,758,105$9,613,955$10,681,622
69$11,252,482$10,192,127$9,891,897$11,413,731
70$12,354,719$10,646,025$10,177,760$12,202,272
71$13,567,951$11,120,731$10,471,765$13,055,919
72$14,903,454$11,617,218$10,774,141$13,980,658
73$16,373,652$12,136,508$11,085,120$14,983,054
74$17,992,237$12,679,669$11,404,944$16,070,314
75$19,774,294$13,247,822$11,733,859$17,250,345
76$21,736,448$13,842,140$12,072,119$18,531,830
77$23,897,013$14,463,853$12,419,983$19,924,301
78$26,276,175$15,114,249$12,777,719$21,438,226
79$28,896,174$15,794,676$13,145,602$23,085,103
80$31,781,518$16,506,549$13,523,913$24,877,563
81$34,959,212$17,251,349$13,912,943$26,829,481
82$38,459,013$18,030,627$14,312,989$28,956,106
83$42,313,715$18,846,010$14,724,356$31,274,197
84$46,559,450$19,699,200$15,147,358$33,802,173
85$51,236,036$20,591,984$15,582,317$36,560,281
86$56,387,352$21,526,231$16,029,565$39,570,782
87$62,061,746$22,503,901$16,489,440$42,858,152
88$68,312,500$23,527,048$16,962,292$46,449,307
89$75,198,326$24,597,824$17,448,479$50,373,846
90$82,783,920$25,718,482$17,948,368$54,664,328
91$91,140,580$26,891,388$18,462,338$59,356,563
92$100,346,868$28,119,015$18,990,776$64,489,947
93$110,489,362$29,403,960$19,534,080$70,107,821
94$121,663,464$30,748,941$20,092,659$76,257,872
95$133,974,306$32,156,808$20,666,932$82,992,572
96$147,537,741$33,630,547$21,257,330$90,369,661
97$162,481,435$35,173,289$21,864,295$98,452,684
98$178,946,074$36,788,312$22,488,281$107,311,574
99$197,086,689$38,479,055$23,129,753$117,023,305
100$217,074,122$40,249,119$23,789,191$127,672,600