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%13.8%
1 years$776,243$769,329$762,583$755,999$749,569$737,759
2 years$384,279$377,122$370,186$363,461$356,938$345,070
3 years$253,641$246,453$239,535$232,873$226,456$214,899
4 years$188,335$181,169$174,320$167,772$161,510$150,354
5 years$149,162$142,039$135,279$128,865$122,778$112,054
6 years$123,055$115,985$109,326$103,054$97,150$86,872
7 years$104,414$97,404$90,850$84,727$79,009$69,179
8 years$90,440$83,494$77,048$71,075$65,545$56,162
9 years$79,577$72,696$66,362$60,540$55,199$46,257
10 years$70,892$64,078$57,856$52,186$47,032$38,525
11 years$63,790$57,045$50,935$45,418$40,449$32,368
12 years$57,876$51,201$45,204$39,837$35,052$27,387
13 years$52,876$46,270$40,386$35,170$30,566$23,306
14 years$48,594$42,058$36,287$31,220$26,794$19,927
15 years$44,887$38,421$32,763$27,843$23,592$17,104
16 years$41,646$35,251$29,704$24,930$20,850$14,730
17 years$38,789$32,465$27,030$22,400$18,487$12,721
18 years$36,252$29,999$24,675$20,187$16,438$11,011
19 years$33,985$27,802$22,588$18,240$14,652$9,551
20 years$31,948$25,835$20,730$16,520$13,087$8,298
21 years$30,106$24,065$19,068$14,993$11,712$7,220
22 years$28,435$22,463$17,574$13,632$10,498$6,291
23 years$26,911$21,010$16,227$12,415$9,423$5,487
24 years$25,516$19,685$15,007$11,323$8,470$4,790
25 years$24,235$18,473$13,899$10,341$7,622$4,185
26 years$23,054$17,362$12,891$9,455$6,865$3,660
27 years$21,962$16,339$11,970$8,655$6,190$3,202
28 years$20,951$15,397$11,128$7,930$5,585$2,803
29 years$20,010$14,525$10,356$7,272$5,043$2,455
30 years$19,134$13,717$9,646$6,674$4,557$2,151
31 years$18,317$12,967$8,993$6,129$4,120$1,885
32 years$17,551$12,270$8,390$5,633$3,727$1,653
33 years$16,834$11,620$7,834$5,180$3,373$1,450
34 years$16,160$11,013$7,320$4,766$3,054$1,272
35 years$15,527$10,445$6,843$4,387$2,766$1,116
36 years$14,929$9,914$6,402$4,041$2,506$979
37 years$14,366$9,416$5,992$3,723$2,271$859
38 years$13,833$8,949$5,611$3,431$2,059$754
39 years$13,329$8,509$5,257$3,164$1,867$662
40 years$12,851$8,096$4,927$2,918$1,694$582
41 years$12,398$7,707$4,620$2,692$1,536$511
42 years$11,968$7,340$4,334$2,485$1,394$448
43 years$11,558$6,993$4,067$2,294$1,265$394
44 years$11,169$6,666$3,818$2,118$1,149$346
45 years$10,797$6,357$3,585$1,956$1,043$304
46 years$10,443$6,064$3,367$1,807$947$267
47 years$10,105$5,787$3,163$1,669$860$234
48 years$9,782$5,524$2,972$1,542$781$206
49 years$9,473$5,275$2,794$1,425$709$181
50 years$9,178$5,039$2,627$1,318$644$159

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 $5,531 every year, while hoping to spend $23,629 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: 37/50/13 Blend
67$9,400,000$9,400,000$9,400,000$9,400,000
68$10,364,505$9,866,305$9,720,605$10,706,532
69$11,396,544$10,324,613$10,021,104$11,410,146
70$12,533,058$10,804,586$10,330,878$12,166,967
71$13,784,680$11,307,261$10,650,213$12,983,915
72$15,163,125$11,833,724$10,979,403$13,866,376
73$16,681,302$12,385,115$11,318,751$14,820,253
74$18,353,437$12,962,627$11,668,571$15,852,014
75$20,195,204$13,567,513$12,029,185$16,968,751
76$22,223,878$14,201,084$12,400,926$18,178,239
77$24,458,493$14,864,717$12,784,136$19,489,008
78$26,920,023$15,559,852$13,179,168$20,910,413
79$29,631,583$16,288,002$13,586,388$22,452,721
80$32,618,641$17,050,751$14,006,169$24,127,198
81$35,909,266$17,849,761$14,438,899$25,946,211
82$39,534,386$18,686,774$14,884,977$27,923,340
83$43,528,082$19,563,615$15,344,812$30,073,493
84$47,927,913$20,482,199$15,818,830$32,413,046
85$52,775,266$21,444,532$16,307,467$34,959,984
86$58,115,748$22,452,719$16,811,172$37,734,068
87$63,999,617$23,508,965$17,330,409$40,757,009
88$70,482,257$24,615,584$17,865,657$44,052,668
89$77,624,699$25,774,999$18,417,408$47,647,265
90$85,494,197$26,989,752$18,986,169$51,569,627
91$94,164,865$28,262,510$19,572,466$55,851,440
92$103,718,374$29,596,066$20,176,837$60,527,542
93$114,244,725$30,993,350$20,799,838$65,636,243
94$125,843,097$32,457,434$21,442,042$71,219,670
95$138,622,783$33,991,539$22,104,041$77,324,154
96$152,704,223$35,599,041$22,786,442$84,000,657
97$168,220,141$37,283,480$23,489,875$91,305,238
98$185,316,795$39,048,571$24,214,985$99,299,565
99$204,155,361$40,898,203$24,962,440$108,051,488
100$224,913,452$42,836,460$25,732,927$117,635,661