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%12.6%
1 years$792,759$785,698$778,808$772,084$765,517$757,208
2 years$392,455$385,146$378,062$371,194$364,532$356,166
3 years$259,038$251,697$244,631$237,828$231,274$223,110
4 years$192,342$185,024$178,029$171,341$164,947$157,048
5 years$152,335$145,061$138,158$131,607$125,390$117,780
6 years$125,673$118,453$111,652$105,247$99,217$91,905
7 years$106,636$99,477$92,783$86,529$80,690$73,678
8 years$92,364$85,270$78,688$72,587$66,940$60,229
9 years$81,270$74,243$67,774$61,828$56,373$49,960
10 years$72,400$65,441$59,087$53,297$48,033$41,914
11 years$65,147$58,259$52,019$46,384$41,310$35,479
12 years$59,108$52,290$46,165$40,685$35,798$30,250
13 years$54,001$47,255$41,246$35,919$31,217$25,945
14 years$49,628$42,953$37,060$31,885$27,364$22,361
15 years$45,842$39,239$33,460$28,435$24,094$19,351
16 years$42,532$36,001$30,336$25,461$21,294$16,805
17 years$39,614$33,155$27,605$22,876$18,881$14,636
18 years$37,024$30,637$25,200$20,616$16,788$12,779
19 years$34,708$28,394$23,069$18,629$14,963$11,181
20 years$32,627$26,385$21,172$16,872$13,366$9,801
21 years$30,747$24,577$19,474$15,312$11,961$8,606
22 years$29,040$22,941$17,948$13,922$10,721$7,566
23 years$27,483$21,457$16,572$12,679$9,624$6,661
24 years$26,059$20,104$15,326$11,564$8,650$5,869
25 years$24,750$18,866$14,195$10,561$7,784$5,177
26 years$23,544$17,731$13,165$9,657$7,011$4,570
27 years$22,430$16,687$12,225$8,839$6,321$4,037
28 years$21,396$15,724$11,365$8,098$5,704$3,568
29 years$20,436$14,834$10,576$7,426$5,150$3,156
30 years$19,541$14,009$9,851$6,816$4,654$2,792
31 years$18,706$13,243$9,184$6,260$4,207$2,472
32 years$17,925$12,531$8,569$5,753$3,806$2,189
33 years$17,192$11,867$8,001$5,290$3,444$1,939
34 years$16,504$11,247$7,475$4,867$3,118$1,718
35 years$15,857$10,668$6,989$4,481$2,825$1,523
36 years$15,247$10,125$6,538$4,127$2,559$1,350
37 years$14,671$9,617$6,119$3,802$2,319$1,197
38 years$14,127$9,139$5,731$3,504$2,103$1,062
39 years$13,613$8,690$5,369$3,231$1,907$942
40 years$13,125$8,268$5,032$2,980$1,730$835
41 years$12,662$7,871$4,719$2,750$1,569$741
42 years$12,222$7,496$4,426$2,538$1,424$658
43 years$11,804$7,142$4,153$2,343$1,292$584
44 years$11,406$6,808$3,899$2,163$1,173$518
45 years$11,027$6,492$3,661$1,998$1,065$460
46 years$10,665$6,193$3,438$1,845$967$408
47 years$10,320$5,910$3,230$1,705$878$362
48 years$9,990$5,642$3,036$1,575$797$322
49 years$9,675$5,388$2,853$1,456$724$285
50 years$9,373$5,146$2,682$1,346$658$253

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 $3,681 every year, while hoping to spend $49,959 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: 33/39/28 Blend
67$9,600,000$9,600,000$9,600,000$9,600,000
68$10,582,997$10,074,197$9,925,397$10,842,043
69$11,609,307$10,514,677$10,204,742$11,479,852
70$12,738,626$10,975,065$10,491,770$12,162,054
71$13,981,408$11,456,286$10,786,687$12,896,326
72$15,349,172$11,959,305$11,089,702$13,687,315
73$16,854,611$12,485,134$11,401,030$14,540,111
74$18,511,709$13,034,833$11,720,892$15,460,298
75$20,335,876$13,609,512$12,049,514$16,454,000
76$22,344,090$14,210,334$12,387,129$17,527,934
77$24,555,063$14,838,515$12,733,972$18,689,470
78$26,989,408$15,495,332$13,090,290$19,946,699
79$29,669,843$16,182,119$13,456,330$21,308,500
80$32,621,400$16,900,275$13,832,349$22,784,622
81$35,871,660$17,651,265$14,218,610$24,385,772
82$39,451,017$18,436,625$14,615,382$26,123,708
83$43,392,963$19,257,962$15,022,939$28,011,347
84$47,734,402$20,116,959$15,441,564$30,062,882
85$52,516,002$21,015,381$15,871,547$32,293,906
86$57,782,574$21,955,075$16,313,185$34,721,558
87$63,583,501$22,937,977$16,766,780$37,364,676
88$69,973,195$23,966,116$17,232,645$40,243,968
89$77,011,620$25,041,615$17,711,098$43,382,201
90$84,764,851$26,166,699$18,202,465$46,804,410
91$93,305,700$27,343,702$18,707,081$50,538,124
92$102,714,402$28,575,064$19,225,290$54,613,620
93$113,079,376$29,863,347$19,757,441$59,064,202
94$124,498,051$31,211,230$20,303,895$63,926,502
95$137,077,796$32,621,524$20,865,019$69,240,822
96$150,936,925$34,097,172$21,441,191$75,051,501
97$166,205,816$35,641,259$22,032,796$81,407,326
98$183,028,145$37,257,015$22,640,229$88,361,983
99$201,562,234$38,947,828$23,263,896$95,974,551
100$221,982,555$40,717,244$23,904,210$104,310,049