Can I retire at age 68 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$776,243$769,329$762,583$755,999$749,569$738,978
2 years$384,279$377,122$370,186$363,461$356,938$346,288
3 years$253,641$246,453$239,535$232,873$226,456$216,078
4 years$188,335$181,169$174,320$167,772$161,510$151,485
5 years$149,162$142,039$135,279$128,865$122,778$113,133
6 years$123,055$115,985$109,326$103,054$97,150$87,898
7 years$104,414$97,404$90,850$84,727$79,009$70,153
8 years$90,440$83,494$77,048$71,075$65,545$57,085
9 years$79,577$72,696$66,362$60,540$55,199$47,129
10 years$70,892$64,078$57,856$52,186$47,032$39,347
11 years$63,790$57,045$50,935$45,418$40,449$33,141
12 years$57,876$51,201$45,204$39,837$35,052$28,113
13 years$52,876$46,270$40,386$35,170$30,566$23,987
14 years$48,594$42,058$36,287$31,220$26,794$20,564
15 years$44,887$38,421$32,763$27,843$23,592$17,699
16 years$41,646$35,251$29,704$24,930$20,850$15,285
17 years$38,789$32,465$27,030$22,400$18,487$13,237
18 years$36,252$29,999$24,675$20,187$16,438$11,492
19 years$33,985$27,802$22,588$18,240$14,652$9,997
20 years$31,948$25,835$20,730$16,520$13,087$8,712
21 years$30,106$24,065$19,068$14,993$11,712$7,603
22 years$28,435$22,463$17,574$13,632$10,498$6,644
23 years$26,911$21,010$16,227$12,415$9,423$5,813
24 years$25,516$19,685$15,007$11,323$8,470$5,091
25 years$24,235$18,473$13,899$10,341$7,622$4,462
26 years$23,054$17,362$12,891$9,455$6,865$3,914
27 years$21,962$16,339$11,970$8,655$6,190$3,436
28 years$20,951$15,397$11,128$7,930$5,585$3,017
29 years$20,010$14,525$10,356$7,272$5,043$2,651
30 years$19,134$13,717$9,646$6,674$4,557$2,330
31 years$18,317$12,967$8,993$6,129$4,120$2,049
32 years$17,551$12,270$8,390$5,633$3,727$1,803
33 years$16,834$11,620$7,834$5,180$3,373$1,586
34 years$16,160$11,013$7,320$4,766$3,054$1,396
35 years$15,527$10,445$6,843$4,387$2,766$1,229
36 years$14,929$9,914$6,402$4,041$2,506$1,082
37 years$14,366$9,416$5,992$3,723$2,271$953
38 years$13,833$8,949$5,611$3,431$2,059$840
39 years$13,329$8,509$5,257$3,164$1,867$740
40 years$12,851$8,096$4,927$2,918$1,694$652
41 years$12,398$7,707$4,620$2,692$1,536$574
42 years$11,968$7,340$4,334$2,485$1,394$506
43 years$11,558$6,993$4,067$2,294$1,265$446
44 years$11,169$6,666$3,818$2,118$1,149$393
45 years$10,797$6,357$3,585$1,956$1,043$346
46 years$10,443$6,064$3,367$1,807$947$305
47 years$10,105$5,787$3,163$1,669$860$269
48 years$9,782$5,524$2,972$1,542$781$237
49 years$9,473$5,275$2,794$1,425$709$209
50 years$9,178$5,039$2,627$1,318$644$184

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $9,400,000, adding $5,888 every year, while hoping to spend $51,775 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: 31/40/29 Blend
67$9,400,000$9,400,000$9,400,000$9,400,000
68$10,364,873$9,866,673$9,720,973$10,594,056
69$11,367,002$10,295,052$9,991,538$11,200,970
70$12,469,613$10,742,686$10,269,431$11,848,865
71$13,682,900$11,210,465$10,554,843$12,545,280
72$15,018,096$11,699,318$10,847,971$13,294,499
73$16,487,578$12,210,220$11,149,014$14,101,221
74$18,104,982$12,744,192$11,458,177$14,970,594
75$19,885,335$13,302,302$11,775,671$15,908,263
76$21,845,194$13,885,670$12,101,711$16,920,417
77$24,002,803$14,495,467$12,436,517$18,013,848
78$26,378,264$15,132,919$12,780,315$19,196,005
79$28,993,727$15,799,313$13,133,336$20,475,064
80$31,873,602$16,495,994$13,495,818$21,859,999
81$35,044,783$17,224,371$13,868,001$23,360,663
82$38,536,907$17,985,922$14,250,135$24,987,874
83$42,382,631$18,782,191$14,642,474$26,753,513
84$46,617,939$19,614,799$15,045,277$28,670,630
85$51,282,486$20,485,441$15,458,811$30,753,565
86$56,419,967$21,395,894$15,883,348$33,018,071
87$62,078,531$22,348,020$16,319,167$35,481,463
88$68,311,235$23,343,768$16,766,554$38,162,768
89$75,176,547$24,385,178$17,225,799$41,082,905
90$82,738,895$25,474,392$17,697,203$44,264,872
91$91,069,273$26,613,648$18,181,071$47,733,953
92$100,245,917$27,805,295$18,677,715$51,517,954
93$110,355,037$29,051,791$19,187,455$55,647,454
94$121,491,635$30,355,713$19,710,619$60,156,086
95$133,760,398$31,719,759$20,247,541$65,080,848
96$147,276,688$33,146,757$20,798,563$70,462,438
97$162,167,631$34,639,668$21,364,035$76,345,632
98$178,573,314$36,201,597$21,944,315$82,779,698
99$196,648,112$37,835,795$22,539,769$89,818,846
100$216,562,139$39,545,669$23,150,771$97,522,733