Can I retire at age 68 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$792,759$785,698$778,808$772,084$765,517$762,292
2 years$392,455$385,146$378,062$371,194$364,532$361,276
3 years$259,038$251,697$244,631$237,828$231,274$228,088
4 years$192,342$185,024$178,029$171,341$164,947$161,855
5 years$152,335$145,061$138,158$131,607$125,390$122,401
6 years$125,673$118,453$111,652$105,247$99,217$96,336
7 years$106,636$99,477$92,783$86,529$80,690$77,918
8 years$92,364$85,270$78,688$72,587$66,940$64,277
9 years$81,270$74,243$67,774$61,828$56,373$53,819
10 years$72,400$65,441$59,087$53,297$48,033$45,586
11 years$65,147$58,259$52,019$46,384$41,310$38,969
12 years$59,108$52,290$46,165$40,685$35,798$33,562
13 years$54,001$47,255$41,246$35,919$31,217$29,082
14 years$49,628$42,953$37,060$31,885$27,364$25,330
15 years$45,842$39,239$33,460$28,435$24,094$22,156
16 years$42,532$36,001$30,336$25,461$21,294$19,451
17 years$39,614$33,155$27,605$22,876$18,881$17,130
18 years$37,024$30,637$25,200$20,616$16,788$15,126
19 years$34,708$28,394$23,069$18,629$14,963$13,388
20 years$32,627$26,385$21,172$16,872$13,366$11,873
21 years$30,747$24,577$19,474$15,312$11,961$10,549
22 years$29,040$22,941$17,948$13,922$10,721$9,386
23 years$27,483$21,457$16,572$12,679$9,624$8,363
24 years$26,059$20,104$15,326$11,564$8,650$7,461
25 years$24,750$18,866$14,195$10,561$7,784$6,663
26 years$23,544$17,731$13,165$9,657$7,011$5,955
27 years$22,430$16,687$12,225$8,839$6,321$5,328
28 years$21,396$15,724$11,365$8,098$5,704$4,770
29 years$20,436$14,834$10,576$7,426$5,150$4,273
30 years$19,541$14,009$9,851$6,816$4,654$3,830
31 years$18,706$13,243$9,184$6,260$4,207$3,435
32 years$17,925$12,531$8,569$5,753$3,806$3,082
33 years$17,192$11,867$8,001$5,290$3,444$2,767
34 years$16,504$11,247$7,475$4,867$3,118$2,484
35 years$15,857$10,668$6,989$4,481$2,825$2,232
36 years$15,247$10,125$6,538$4,127$2,559$2,005
37 years$14,671$9,617$6,119$3,802$2,319$1,802
38 years$14,127$9,139$5,731$3,504$2,103$1,620
39 years$13,613$8,690$5,369$3,231$1,907$1,457
40 years$13,125$8,268$5,032$2,980$1,730$1,310
41 years$12,662$7,871$4,719$2,750$1,569$1,179
42 years$12,222$7,496$4,426$2,538$1,424$1,060
43 years$11,804$7,142$4,153$2,343$1,292$954
44 years$11,406$6,808$3,899$2,163$1,173$858
45 years$11,027$6,492$3,661$1,998$1,065$773
46 years$10,665$6,193$3,438$1,845$967$695
47 years$10,320$5,910$3,230$1,705$878$626
48 years$9,990$5,642$3,036$1,575$797$564
49 years$9,675$5,388$2,853$1,456$724$507
50 years$9,373$5,146$2,682$1,346$658$457

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $9,600,000, adding $4,968 every year, while hoping to spend $31,564 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: 37/40/23 Blend
67$9,600,000$9,600,000$9,600,000$9,600,000
68$10,584,324$10,075,524$9,926,724$10,902,641
69$11,630,342$10,535,641$10,225,686$11,595,792
70$12,781,995$11,017,246$10,533,605$12,340,711
71$14,050,025$11,521,358$10,850,747$13,144,720
72$15,446,269$12,049,046$11,177,389$14,013,160
73$16,983,769$12,601,430$11,513,812$14,951,886
74$18,676,897$13,179,683$11,860,307$15,967,318
75$20,541,487$13,785,035$12,217,175$17,066,501
76$22,594,992$14,418,774$12,584,724$18,257,166
77$24,856,640$15,082,253$12,963,271$19,547,794
78$27,347,621$15,776,887$13,353,143$20,947,697
79$30,091,283$16,504,159$13,754,678$22,467,099
80$33,113,355$17,265,624$14,168,222$24,117,225
81$36,442,191$18,062,914$14,594,131$25,910,405
82$40,109,034$18,897,736$15,032,774$27,860,182
83$44,148,311$19,771,881$15,484,527$29,981,435
84$48,597,962$20,687,225$15,949,782$32,290,514
85$53,499,792$21,645,738$16,428,938$34,805,385
86$58,899,872$22,649,479$16,922,408$37,545,797
87$64,848,967$23,700,612$17,430,617$40,533,457
88$71,403,021$24,801,402$17,954,002$43,792,230
89$78,623,682$25,954,223$18,493,013$47,348,356
90$86,578,883$27,161,565$19,048,115$51,230,688
91$95,343,485$28,426,038$19,619,783$55,470,961
92$104,999,984$29,750,378$20,208,509$60,104,073
93$115,639,287$31,137,450$20,814,799$65,168,417
94$127,361,571$32,590,263$21,439,172$70,706,223
95$140,277,232$34,111,966$22,082,165$76,763,953
96$154,507,921$35,705,864$22,744,328$83,392,727
97$170,187,696$37,375,418$23,426,230$90,648,794
98$187,464,287$39,124,260$24,128,455$98,594,052
99$206,500,490$40,956,194$24,851,604$107,296,618
100$227,475,703$42,875,211$25,596,295$116,831,462