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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.7%
1 years$792,759$785,698$778,808$772,084$765,517$741,607
2 years$392,455$385,146$378,062$371,194$364,532$340,655
3 years$259,038$251,697$244,631$237,828$231,274$208,180
4 years$192,342$185,024$178,029$171,341$164,947$142,813
5 years$152,335$145,061$138,158$131,607$125,390$104,275
6 years$125,673$118,453$111,652$105,247$99,217$79,140
7 years$106,636$99,477$92,783$86,529$80,690$61,649
8 years$92,364$85,270$78,688$72,587$66,940$48,923
9 years$81,270$74,243$67,774$61,828$56,373$39,360
10 years$72,400$65,441$59,087$53,297$48,033$31,998
11 years$65,147$58,259$52,019$46,384$41,310$26,225
12 years$59,108$52,290$46,165$40,685$35,798$21,631
13 years$54,001$47,255$41,246$35,919$31,217$17,934
14 years$49,628$42,953$37,060$31,885$27,364$14,930
15 years$45,842$39,239$33,460$28,435$24,094$12,471
16 years$42,532$36,001$30,336$25,461$21,294$10,447
17 years$39,614$33,155$27,605$22,876$18,881$8,771
18 years$37,024$30,637$25,200$20,616$16,788$7,378
19 years$34,708$28,394$23,069$18,629$14,963$6,216
20 years$32,627$26,385$21,172$16,872$13,366$5,244
21 years$30,747$24,577$19,474$15,312$11,961$4,428
22 years$29,040$22,941$17,948$13,922$10,721$3,743
23 years$27,483$21,457$16,572$12,679$9,624$3,167
24 years$26,059$20,104$15,326$11,564$8,650$2,681
25 years$24,750$18,866$14,195$10,561$7,784$2,271
26 years$23,544$17,731$13,165$9,657$7,011$1,924
27 years$22,430$16,687$12,225$8,839$6,321$1,631
28 years$21,396$15,724$11,365$8,098$5,704$1,383
29 years$20,436$14,834$10,576$7,426$5,150$1,174
30 years$19,541$14,009$9,851$6,816$4,654$996
31 years$18,706$13,243$9,184$6,260$4,207$845
32 years$17,925$12,531$8,569$5,753$3,806$717
33 years$17,192$11,867$8,001$5,290$3,444$609
34 years$16,504$11,247$7,475$4,867$3,118$517
35 years$15,857$10,668$6,989$4,481$2,825$439
36 years$15,247$10,125$6,538$4,127$2,559$373
37 years$14,671$9,617$6,119$3,802$2,319$317
38 years$14,127$9,139$5,731$3,504$2,103$269
39 years$13,613$8,690$5,369$3,231$1,907$228
40 years$13,125$8,268$5,032$2,980$1,730$194
41 years$12,662$7,871$4,719$2,750$1,569$165
42 years$12,222$7,496$4,426$2,538$1,424$140
43 years$11,804$7,142$4,153$2,343$1,292$119
44 years$11,406$6,808$3,899$2,163$1,173$101
45 years$11,027$6,492$3,661$1,998$1,065$86
46 years$10,665$6,193$3,438$1,845$967$73
47 years$10,320$5,910$3,230$1,705$878$62
48 years$9,990$5,642$3,036$1,575$797$53
49 years$9,675$5,388$2,853$1,456$724$45
50 years$9,373$5,146$2,682$1,346$658$38

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 $3,754 every year, while hoping to spend $26,804 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: 47/43/10 Blend
67$9,600,000$9,600,000$9,600,000$9,600,000
68$10,583,072$10,074,272$9,925,472$11,051,116
69$11,634,026$10,539,392$10,229,456$11,839,009
70$12,791,279$11,026,405$10,542,726$12,690,515
71$14,065,646$11,536,355$10,865,563$13,614,016
72$15,469,041$12,070,336$11,198,259$14,616,207
73$17,014,598$12,629,496$11,541,114$15,704,438
74$18,716,784$13,215,038$11,894,439$16,886,778
75$20,591,543$13,828,223$12,258,550$18,172,087
76$22,656,447$14,470,372$12,633,777$19,570,096
77$24,930,854$15,142,870$13,020,459$21,091,490
78$27,436,099$15,847,169$13,418,942$22,748,011
79$30,195,692$16,584,791$13,829,588$24,552,560
80$33,235,538$17,357,331$14,252,764$26,519,312
81$36,584,185$18,166,462$14,688,854$28,663,846
82$40,273,091$19,013,938$15,138,249$31,003,288
83$44,336,920$19,901,595$15,601,355$33,556,462
84$48,813,873$20,831,360$16,078,588$36,344,067
85$53,746,045$21,805,254$16,570,377$39,388,861
86$59,179,823$22,825,393$17,077,166$42,715,869
87$65,166,324$23,893,996$17,599,410$46,352,616
88$71,761,879$25,013,391$18,137,580$50,329,377
89$79,028,560$26,186,017$18,692,159$54,679,451
90$87,034,773$27,414,432$19,263,646$59,439,474
91$95,855,896$28,701,315$19,852,554$64,649,749
92$105,574,996$30,049,478$20,459,414$70,354,624
93$116,283,612$31,461,869$21,084,770$76,602,894
94$128,082,615$32,941,575$21,729,184$83,448,258
95$141,083,165$34,491,836$22,393,236$90,949,810
96$155,407,760$36,116,048$23,077,521$99,172,590
97$171,191,388$37,817,770$23,782,654$108,188,184
98$188,582,805$39,600,737$24,509,269$118,075,388
99$207,745,938$41,468,860$25,258,016$128,920,938
100$228,861,433$43,426,243$26,029,569$140,820,320