Can I retire at age 68 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$809,275$802,066$795,033$788,169$781,466$751,648
2 years$400,631$393,170$385,938$378,927$372,127$342,436
3 years$264,434$256,941$249,728$242,782$236,092$207,464
4 years$196,349$188,879$181,738$174,911$168,383$141,035
5 years$155,509$148,083$141,036$134,348$128,002$102,005
6 years$128,291$120,921$113,978$107,440$101,284$76,654
7 years$108,857$101,549$94,716$88,332$82,371$59,102
8 years$94,288$87,047$80,327$74,099$68,335$46,404
9 years$82,963$75,790$69,186$63,116$57,548$36,925
10 years$73,908$66,805$60,318$54,407$49,033$29,679
11 years$66,505$59,472$53,103$47,350$42,170$24,042
12 years$60,339$53,379$47,127$41,533$36,544$19,594
13 years$55,126$48,239$42,105$36,667$31,867$16,047
14 years$50,662$43,848$37,832$32,549$27,934$13,193
15 years$46,797$40,056$34,157$29,028$24,596$10,880
16 years$43,418$36,751$30,968$25,991$21,738$8,996
17 years$40,439$33,846$28,180$23,353$19,274$7,453
18 years$37,795$31,275$25,725$21,046$17,138$6,186
19 years$35,431$28,986$23,550$19,017$15,275$5,141
20 years$33,307$26,935$21,613$17,223$13,644$4,277
21 years$31,388$25,089$19,879$15,631$12,210$3,562
22 years$29,645$23,419$18,322$14,212$10,944$2,969
23 years$28,056$21,904$16,917$12,943$9,824$2,477
24 years$26,602$20,522$15,645$11,805$8,830$2,067
25 years$25,266$19,259$14,491$10,781$7,946$1,726
26 years$24,035$18,101$13,440$9,858$7,157$1,441
27 years$22,897$17,035$12,480$9,023$6,453$1,204
28 years$21,842$16,052$11,602$8,267$5,823$1,006
29 years$20,862$15,143$10,796$7,581$5,258$841
30 years$19,949$14,301$10,056$6,958$4,751$703
31 years$19,096$13,519$9,375$6,390$4,295$588
32 years$18,298$12,792$8,747$5,872$3,885$492
33 years$17,550$12,114$8,167$5,400$3,516$411
34 years$16,848$11,481$7,631$4,969$3,183$344
35 years$16,187$10,890$7,135$4,574$2,883$288
36 years$15,565$10,336$6,674$4,213$2,612$241
37 years$14,977$9,817$6,247$3,881$2,368$201
38 years$14,422$9,330$5,850$3,577$2,147$168
39 years$13,896$8,872$5,481$3,299$1,947$141
40 years$13,398$8,441$5,137$3,042$1,766$118
41 years$12,926$8,035$4,817$2,807$1,602$99
42 years$12,477$7,652$4,519$2,591$1,454$83
43 years$12,050$7,291$4,240$2,391$1,319$69
44 years$11,644$6,950$3,980$2,208$1,197$58
45 years$11,257$6,627$3,737$2,039$1,087$48
46 years$10,888$6,322$3,510$1,884$987$40
47 years$10,535$6,033$3,298$1,740$896$34
48 years$10,198$5,759$3,099$1,608$814$28
49 years$9,876$5,500$2,913$1,486$739$24
50 years$9,568$5,254$2,738$1,374$671$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $9,800,000, adding $4,591 every year, while hoping to spend $44,475 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: 65/15/20 Blend
67$9,800,000$9,800,000$9,800,000$9,800,000
68$10,804,336$10,284,936$10,133,036$11,451,598
69$11,859,057$10,741,576$10,425,171$12,343,515
70$13,019,869$11,219,102$10,725,603$13,312,362
71$14,297,546$11,718,489$11,034,561$14,370,126
72$15,703,961$12,240,759$11,352,284$15,525,521
73$17,252,194$12,786,985$11,679,014$16,788,135
74$18,956,659$13,358,289$12,015,002$18,168,522
75$20,833,239$13,955,846$12,360,506$19,678,298
76$22,899,434$14,580,888$12,715,788$21,330,245
77$25,174,529$15,234,704$13,081,120$23,138,437
78$27,679,774$15,918,647$13,456,780$25,118,364
79$30,438,583$16,634,133$13,843,054$27,287,082
80$33,476,758$17,382,646$14,240,236$29,663,366
81$36,822,731$18,165,738$14,648,627$32,267,889
82$40,507,830$18,985,039$15,068,537$35,123,411
83$44,566,578$19,842,256$15,500,282$38,254,996
84$49,037,017$20,739,175$15,944,190$41,690,243
85$53,961,067$21,677,669$16,400,595$45,459,542
86$59,384,923$22,659,701$16,869,841$49,596,362
87$65,359,486$23,687,327$17,352,282$54,137,562
88$71,940,849$24,762,702$17,848,279$59,123,735
89$79,190,825$25,888,084$18,358,205$64,599,589
90$87,177,526$27,065,837$18,882,442$70,614,365
91$95,976,011$28,298,441$19,421,382$77,222,299
92$105,668,994$29,588,494$19,975,427$84,483,130
93$116,347,618$30,938,717$20,544,991$92,462,659
94$128,112,324$32,351,963$21,130,498$101,233,369
95$141,073,794$33,831,222$21,732,382$110,875,101
96$155,353,995$35,379,626$22,351,091$121,475,805
97$171,087,332$37,000,457$22,987,082$133,132,369
98$188,421,918$38,697,158$23,640,827$145,951,523
99$207,520,968$40,473,332$24,312,809$160,050,846
100$228,564,340$42,332,760$25,003,522$175,559,869