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%16.9%
1 years$792,759$785,698$778,808$772,084$765,517$743,995
2 years$392,455$385,146$378,062$371,194$364,532$343,013
3 years$259,038$251,697$244,631$237,828$231,274$210,432
4 years$192,342$185,024$178,029$171,341$164,947$144,942
5 years$152,335$145,061$138,158$131,607$125,390$106,277
6 years$125,673$118,453$111,652$105,247$99,217$81,013
7 years$106,636$99,477$92,783$86,529$80,690$63,396
8 years$92,364$85,270$78,688$72,587$66,940$50,547
9 years$81,270$74,243$67,774$61,828$56,373$40,864
10 years$72,400$65,441$59,087$53,297$48,033$33,388
11 years$65,147$58,259$52,019$46,384$41,310$27,505
12 years$59,108$52,290$46,165$40,685$35,798$22,807
13 years$54,001$47,255$41,246$35,919$31,217$19,012
14 years$49,628$42,953$37,060$31,885$27,364$15,915
15 years$45,842$39,239$33,460$28,435$24,094$13,370
16 years$42,532$36,001$30,336$25,461$21,294$11,264
17 years$39,614$33,155$27,605$22,876$18,881$9,512
18 years$37,024$30,637$25,200$20,616$16,788$8,049
19 years$34,708$28,394$23,069$18,629$14,963$6,822
20 years$32,627$26,385$21,172$16,872$13,366$5,791
21 years$30,747$24,577$19,474$15,312$11,961$4,921
22 years$29,040$22,941$17,948$13,922$10,721$4,186
23 years$27,483$21,457$16,572$12,679$9,624$3,563
24 years$26,059$20,104$15,326$11,564$8,650$3,036
25 years$24,750$18,866$14,195$10,561$7,784$2,588
26 years$23,544$17,731$13,165$9,657$7,011$2,207
27 years$22,430$16,687$12,225$8,839$6,321$1,883
28 years$21,396$15,724$11,365$8,098$5,704$1,608
29 years$20,436$14,834$10,576$7,426$5,150$1,373
30 years$19,541$14,009$9,851$6,816$4,654$1,172
31 years$18,706$13,243$9,184$6,260$4,207$1,002
32 years$17,925$12,531$8,569$5,753$3,806$856
33 years$17,192$11,867$8,001$5,290$3,444$731
34 years$16,504$11,247$7,475$4,867$3,118$625
35 years$15,857$10,668$6,989$4,481$2,825$534
36 years$15,247$10,125$6,538$4,127$2,559$457
37 years$14,671$9,617$6,119$3,802$2,319$391
38 years$14,127$9,139$5,731$3,504$2,103$334
39 years$13,613$8,690$5,369$3,231$1,907$286
40 years$13,125$8,268$5,032$2,980$1,730$244
41 years$12,662$7,871$4,719$2,750$1,569$209
42 years$12,222$7,496$4,426$2,538$1,424$179
43 years$11,804$7,142$4,153$2,343$1,292$153
44 years$11,406$6,808$3,899$2,163$1,173$131
45 years$11,027$6,492$3,661$1,998$1,065$112
46 years$10,665$6,193$3,438$1,845$967$96
47 years$10,320$5,910$3,230$1,705$878$82
48 years$9,990$5,642$3,036$1,575$797$70
49 years$9,675$5,388$2,853$1,456$724$60
50 years$9,373$5,146$2,682$1,346$658$51

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 $5,481 every year, while hoping to spend $40,357 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: 78/16/6 Blend
67$9,600,000$9,600,000$9,600,000$9,600,000
68$10,584,854$10,076,054$9,927,254$11,404,565
69$11,621,569$10,526,841$10,216,877$12,393,649
70$12,762,677$10,998,364$10,514,850$13,472,238
71$14,018,783$11,491,596$10,821,411$14,653,855
72$15,401,572$12,007,558$11,136,801$15,948,731
73$16,923,922$12,547,317$11,461,273$17,368,128
74$18,600,019$13,111,994$11,795,084$18,924,446
75$20,445,500$13,702,760$12,138,497$20,631,338
76$22,477,590$14,320,844$12,491,786$22,503,833
77$24,715,272$14,967,534$12,855,229$24,558,484
78$27,179,465$15,644,178$13,229,114$26,813,513
79$29,893,218$16,352,190$13,613,737$29,288,989
80$32,881,928$17,093,050$14,009,399$32,007,011
81$36,173,585$17,868,309$14,416,414$34,991,916
82$39,799,028$18,679,594$14,835,102$38,270,506
83$43,792,242$19,528,607$15,265,791$41,872,300
84$48,190,676$20,417,134$15,708,820$45,829,807
85$53,035,597$21,347,045$16,164,537$50,178,834
86$58,372,477$22,320,300$16,633,299$54,958,821
87$64,251,428$23,338,953$17,115,473$60,213,207
88$70,727,668$24,405,156$17,611,435$65,989,842
89$77,862,046$25,521,165$18,121,574$72,341,431
90$85,721,616$26,689,343$18,646,288$79,326,032
91$94,380,268$27,912,167$19,185,985$87,007,600
92$103,919,426$29,192,234$19,741,086$95,456,586
93$114,428,817$30,532,264$20,312,023$104,750,600
94$126,007,320$31,935,108$20,899,239$114,975,138
95$138,763,892$33,403,754$21,503,190$126,224,389
96$152,818,606$34,941,335$22,124,343$138,602,115
97$168,303,775$36,551,132$22,763,180$152,222,629
98$185,365,209$38,236,585$23,420,195$167,211,871
99$204,163,584$40,001,302$24,095,895$183,708,589
100$224,875,963$41,849,059$24,790,801$201,865,648