Can I retire at age 68 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$784,501$777,513$770,696$764,041$757,543$733,000
2 years$388,367$381,134$374,124$367,327$360,735$336,239
3 years$256,339$249,075$242,083$235,350$228,865$205,184
4 years$190,339$183,097$176,174$169,557$163,228$140,545
5 years$150,748$143,550$136,719$130,236$124,084$102,457
6 years$124,364$117,219$110,489$104,151$98,183$77,632
7 years$105,525$98,441$91,817$85,628$79,849$60,371
8 years$91,402$84,382$77,868$71,831$66,243$47,824
9 years$80,423$73,470$67,068$61,184$55,786$38,405
10 years$71,646$64,760$58,471$52,741$47,532$31,163
11 years$64,469$57,652$51,477$45,901$40,879$25,491
12 years$58,492$51,745$45,685$40,261$35,425$20,984
13 years$53,439$46,763$40,816$35,545$30,891$17,362
14 years$49,111$42,506$36,673$31,552$27,079$14,424
15 years$45,364$38,830$33,111$28,139$23,843$12,023
16 years$42,089$35,626$30,020$25,196$21,072$10,049
17 years$39,201$32,810$27,317$22,638$18,684$8,419
18 years$36,638$30,318$24,937$20,401$16,613$7,066
19 years$34,347$28,098$22,829$18,434$14,808$5,939
20 years$32,287$26,110$20,951$16,696$13,226$4,999
21 years$30,427$24,321$19,271$15,153$11,836$4,212
22 years$28,737$22,702$17,761$13,777$10,609$3,552
23 years$27,197$21,233$16,399$12,547$9,524$2,998
24 years$25,787$19,894$15,167$11,444$8,560$2,532
25 years$24,492$18,670$14,047$10,451$7,703$2,140
26 years$23,299$17,546$13,028$9,556$6,938$1,809
27 years$22,196$16,513$12,098$8,747$6,256$1,530
28 years$21,173$15,560$11,246$8,014$5,644$1,294
29 years$20,223$14,679$10,466$7,349$5,097$1,095
30 years$19,338$13,863$9,748$6,745$4,605$927
31 years$18,511$13,105$9,088$6,194$4,164$785
32 years$17,738$12,400$8,479$5,693$3,766$664
33 years$17,013$11,743$7,917$5,235$3,408$562
34 years$16,332$11,130$7,397$4,817$3,086$476
35 years$15,692$10,557$6,916$4,434$2,795$403
36 years$15,088$10,020$6,470$4,084$2,533$342
37 years$14,519$9,516$6,056$3,762$2,295$290
38 years$13,980$9,044$5,671$3,468$2,081$245
39 years$13,471$8,600$5,313$3,198$1,887$208
40 years$12,988$8,182$4,980$2,949$1,712$176
41 years$12,530$7,789$4,670$2,721$1,553$149
42 years$12,095$7,418$4,380$2,511$1,409$126
43 years$11,681$7,068$4,110$2,318$1,279$107
44 years$11,287$6,737$3,858$2,140$1,161$91
45 years$10,912$6,424$3,623$1,977$1,054$77
46 years$10,554$6,128$3,403$1,826$957$65
47 years$10,213$5,848$3,197$1,687$869$55
48 years$9,886$5,583$3,004$1,559$789$47
49 years$9,574$5,332$2,823$1,441$717$40
50 years$9,275$5,093$2,654$1,332$651$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $9,500,000, adding $6,490 every year, while hoping to spend $53,574 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: 61/17/22 Blend
67$9,500,000$9,500,000$9,500,000$9,500,000
68$10,475,694$9,972,194$9,824,944$11,053,689
69$11,487,213$10,403,830$10,097,078$11,877,463
70$12,600,111$10,854,819$10,376,532$12,769,680
71$13,824,672$11,326,056$10,663,496$13,742,281
72$15,172,228$11,818,472$10,958,162$14,803,095
73$16,655,264$12,333,046$11,260,730$15,960,734
74$18,287,537$12,870,801$11,571,400$17,224,674
75$20,084,205$13,432,810$11,890,381$18,605,344
76$22,061,971$14,020,194$12,217,886$20,114,218
77$24,239,238$14,634,129$12,554,131$21,763,930
78$26,636,284$15,275,846$12,899,338$23,568,379
79$29,275,456$15,946,633$13,253,737$25,542,869
80$32,181,374$16,647,840$13,617,559$27,704,245
81$35,381,171$17,380,881$13,991,044$30,071,051
82$38,904,742$18,147,235$14,374,435$32,663,705
83$42,785,030$18,948,454$14,767,983$35,504,684
84$47,058,336$19,786,161$15,171,943$38,618,738
85$51,764,659$20,662,056$15,586,576$42,033,119
86$56,948,078$21,577,920$16,012,151$45,777,836
87$62,657,164$22,535,620$16,448,939$49,885,934
88$68,945,438$23,537,110$16,897,223$54,393,804
89$75,871,880$24,584,435$17,357,287$59,341,523
90$83,501,480$25,679,740$17,829,424$64,773,228
91$91,905,855$26,825,272$18,313,934$70,737,532
92$101,163,925$28,023,382$18,811,123$77,287,972
93$111,362,652$29,276,535$19,321,303$84,483,521
94$122,597,871$30,587,313$19,844,794$92,389,131
95$134,975,182$31,958,421$20,381,924$101,076,348
96$148,610,958$33,392,691$20,933,025$110,623,980
97$163,633,435$34,893,091$21,498,441$121,118,838
98$180,183,925$36,462,733$22,078,518$132,656,548
99$198,418,152$38,104,873$22,673,615$145,342,454
100$218,507,716$39,822,925$23,284,094$159,292,601