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%18.7%
1 years$792,759$785,698$778,808$772,084$765,517$738,650
2 years$392,455$385,146$378,062$371,194$364,532$337,746
3 years$259,038$251,697$244,631$237,828$231,274$205,411
4 years$192,342$185,024$178,029$171,341$164,947$140,203
5 years$152,335$145,061$138,158$131,607$125,390$101,832
6 years$125,673$118,453$111,652$105,247$99,217$76,862
7 years$106,636$99,477$92,783$86,529$80,690$59,534
8 years$92,364$85,270$78,688$72,587$66,940$46,966
9 years$81,270$74,243$67,774$61,828$56,373$37,555
10 years$72,400$65,441$59,087$53,297$48,033$30,339
11 years$65,147$58,259$52,019$46,384$41,310$24,705
12 years$59,108$52,290$46,165$40,685$35,798$20,243
13 years$54,001$47,255$41,246$35,919$31,217$16,669
14 years$49,628$42,953$37,060$31,885$27,364$13,781
15 years$45,842$39,239$33,460$28,435$24,094$11,430
16 years$42,532$36,001$30,336$25,461$21,294$9,505
17 years$39,614$33,155$27,605$22,876$18,881$7,922
18 years$37,024$30,637$25,200$20,616$16,788$6,614
19 years$34,708$28,394$23,069$18,629$14,963$5,531
20 years$32,627$26,385$21,172$16,872$13,366$4,630
21 years$30,747$24,577$19,474$15,312$11,961$3,880
22 years$29,040$22,941$17,948$13,922$10,721$3,254
23 years$27,483$21,457$16,572$12,679$9,624$2,732
24 years$26,059$20,104$15,326$11,564$8,650$2,294
25 years$24,750$18,866$14,195$10,561$7,784$1,928
26 years$23,544$17,731$13,165$9,657$7,011$1,620
27 years$22,430$16,687$12,225$8,839$6,321$1,363
28 years$21,396$15,724$11,365$8,098$5,704$1,146
29 years$20,436$14,834$10,576$7,426$5,150$964
30 years$19,541$14,009$9,851$6,816$4,654$812
31 years$18,706$13,243$9,184$6,260$4,207$683
32 years$17,925$12,531$8,569$5,753$3,806$575
33 years$17,192$11,867$8,001$5,290$3,444$484
34 years$16,504$11,247$7,475$4,867$3,118$408
35 years$15,857$10,668$6,989$4,481$2,825$343
36 years$15,247$10,125$6,538$4,127$2,559$289
37 years$14,671$9,617$6,119$3,802$2,319$243
38 years$14,127$9,139$5,731$3,504$2,103$205
39 years$13,613$8,690$5,369$3,231$1,907$173
40 years$13,125$8,268$5,032$2,980$1,730$145
41 years$12,662$7,871$4,719$2,750$1,569$123
42 years$12,222$7,496$4,426$2,538$1,424$103
43 years$11,804$7,142$4,153$2,343$1,292$87
44 years$11,406$6,808$3,899$2,163$1,173$73
45 years$11,027$6,492$3,661$1,998$1,065$62
46 years$10,665$6,193$3,438$1,845$967$52
47 years$10,320$5,910$3,230$1,705$878$44
48 years$9,990$5,642$3,036$1,575$797$37
49 years$9,675$5,388$2,853$1,456$724$31
50 years$9,373$5,146$2,682$1,346$658$26

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 $2,997 every year, while hoping to spend $56,760 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: 56/20/24 Blend
67$9,600,000$9,600,000$9,600,000$9,600,000
68$10,582,291$10,073,491$9,924,691$11,105,451
69$11,601,293$10,506,700$10,196,776$11,897,431
70$12,722,330$10,959,234$10,476,074$12,753,607
71$13,955,751$11,431,980$10,762,765$13,685,215
72$15,312,957$11,925,866$11,057,037$14,699,534
73$16,806,510$12,441,864$11,359,079$15,804,567
74$18,450,251$12,980,993$11,669,086$17,009,118
75$20,259,433$13,544,318$11,987,256$18,322,871
76$22,250,860$14,132,955$12,313,794$19,756,483
77$24,443,049$14,748,070$12,648,907$21,321,676
78$26,856,403$15,390,889$12,992,809$23,031,353
79$29,513,404$16,062,691$13,345,716$24,899,709
80$32,438,825$16,764,817$13,707,852$26,942,369
81$35,659,964$17,498,671$14,079,443$29,176,531
82$39,206,898$18,265,724$14,460,723$31,621,123
83$43,112,773$19,067,516$14,851,928$34,296,980
84$47,414,110$19,905,658$15,253,302$37,227,041
85$52,151,155$20,781,841$15,665,093$40,436,556
86$57,368,253$21,697,832$16,087,554$43,953,329
87$63,114,273$22,655,483$16,520,945$47,807,967
88$69,443,062$23,656,735$16,965,530$52,034,176
89$76,413,958$24,703,619$17,421,579$56,669,067
90$84,092,348$25,798,262$17,889,368$61,753,507
91$92,550,285$26,942,895$18,369,179$67,332,499
92$101,867,168$28,139,850$18,861,301$73,455,603
93$112,130,491$29,391,575$19,366,026$80,177,399
94$123,436,668$30,700,629$19,883,655$87,558,000
95$135,891,944$32,069,696$20,414,494$95,663,609
96$149,613,398$33,501,587$20,958,855$104,567,146
97$164,730,045$34,999,245$21,517,057$114,348,926
98$181,384,057$36,565,755$22,089,426$125,097,414
99$199,732,102$38,204,348$22,676,292$136,910,053
100$219,946,823$39,918,409$23,277,995$149,894,180