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

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$809,275$802,066$795,033$788,169$781,466$751,053
2 years$400,631$393,170$385,938$378,927$372,127$341,854
3 years$264,434$256,941$249,728$242,782$236,092$206,913
4 years$196,349$188,879$181,738$174,911$168,383$140,518
5 years$155,509$148,083$141,036$134,348$128,002$101,524
6 years$128,291$120,921$113,978$107,440$101,284$76,209
7 years$108,857$101,549$94,716$88,332$82,371$58,691
8 years$94,288$87,047$80,327$74,099$68,335$46,027
9 years$82,963$75,790$69,186$63,116$57,548$36,579
10 years$73,908$66,805$60,318$54,407$49,033$29,364
11 years$66,505$59,472$53,103$47,350$42,170$23,756
12 years$60,339$53,379$47,127$41,533$36,544$19,335
13 years$55,126$48,239$42,105$36,667$31,867$15,813
14 years$50,662$43,848$37,832$32,549$27,934$12,982
15 years$46,797$40,056$34,157$29,028$24,596$10,691
16 years$43,418$36,751$30,968$25,991$21,738$8,827
17 years$40,439$33,846$28,180$23,353$19,274$7,302
18 years$37,795$31,275$25,725$21,046$17,138$6,051
19 years$35,431$28,986$23,550$19,017$15,275$5,022
20 years$33,307$26,935$21,613$17,223$13,644$4,172
21 years$31,388$25,089$19,879$15,631$12,210$3,469
22 years$29,645$23,419$18,322$14,212$10,944$2,887
23 years$28,056$21,904$16,917$12,943$9,824$2,404
24 years$26,602$20,522$15,645$11,805$8,830$2,003
25 years$25,266$19,259$14,491$10,781$7,946$1,670
26 years$24,035$18,101$13,440$9,858$7,157$1,392
27 years$22,897$17,035$12,480$9,023$6,453$1,161
28 years$21,842$16,052$11,602$8,267$5,823$969
29 years$20,862$15,143$10,796$7,581$5,258$809
30 years$19,949$14,301$10,056$6,958$4,751$675
31 years$19,096$13,519$9,375$6,390$4,295$563
32 years$18,298$12,792$8,747$5,872$3,885$470
33 years$17,550$12,114$8,167$5,400$3,516$393
34 years$16,848$11,481$7,631$4,969$3,183$328
35 years$16,187$10,890$7,135$4,574$2,883$274
36 years$15,565$10,336$6,674$4,213$2,612$229
37 years$14,977$9,817$6,247$3,881$2,368$191
38 years$14,422$9,330$5,850$3,577$2,147$160
39 years$13,896$8,872$5,481$3,299$1,947$133
40 years$13,398$8,441$5,137$3,042$1,766$111
41 years$12,926$8,035$4,817$2,807$1,602$93
42 years$12,477$7,652$4,519$2,591$1,454$78
43 years$12,050$7,291$4,240$2,391$1,319$65
44 years$11,644$6,950$3,980$2,208$1,197$54
45 years$11,257$6,627$3,737$2,039$1,087$45
46 years$10,888$6,322$3,510$1,884$987$38
47 years$10,535$6,033$3,298$1,740$896$32
48 years$10,198$5,759$3,099$1,608$814$26
49 years$9,876$5,500$2,913$1,486$739$22
50 years$9,568$5,254$2,738$1,374$671$18

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 $4,678 every year, while hoping to spend $26,856 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: 54/17/29 Blend
67$9,800,000$9,800,000$9,800,000$9,800,000
68$10,804,425$10,285,025$10,133,125$11,300,323
69$11,877,902$10,760,417$10,444,010$12,119,523
70$13,059,974$11,258,203$10,764,410$13,007,815
71$14,361,688$11,779,452$11,094,615$13,974,428
72$15,795,219$12,325,284$11,434,924$15,026,898
73$17,373,983$12,896,874$11,785,645$16,173,509
74$19,112,761$13,495,453$12,147,096$17,423,373
75$21,027,844$14,122,312$12,519,605$18,786,512
76$23,137,181$14,778,802$12,903,509$20,273,949
77$25,460,552$15,466,342$13,299,155$21,897,813
78$28,019,754$16,186,418$13,706,902$23,671,446
79$30,838,804$16,940,588$14,127,119$25,609,529
80$33,944,170$17,730,484$14,560,185$27,728,219
81$37,365,017$18,557,820$15,006,493$30,045,293
82$41,133,485$19,424,389$15,466,446$32,580,318
83$45,284,989$20,332,073$15,940,461$35,354,831
84$49,858,557$21,282,844$16,428,966$38,392,534
85$54,897,196$22,278,769$16,932,402$41,719,523
86$60,448,297$23,322,016$17,451,225$45,364,522
87$66,564,086$24,414,858$17,985,904$49,359,155
88$73,302,113$25,559,675$18,536,921$53,738,238
89$80,725,795$26,758,966$19,104,775$58,540,106
90$88,905,019$28,015,349$19,689,978$63,806,966
91$97,916,798$29,331,568$20,293,059$69,585,295
92$107,845,998$30,710,501$20,914,563$75,926,272
93$118,786,139$32,155,164$21,555,050$82,886,256
94$130,840,280$33,668,722$22,215,099$90,527,312
95$144,121,988$35,254,489$22,895,304$98,917,792
96$158,756,415$36,915,943$23,596,281$108,132,974
97$174,881,474$38,656,729$24,318,661$118,255,769
98$192,649,143$40,480,668$25,063,096$129,377,492
99$212,226,903$42,391,768$25,830,256$141,598,723
100$233,799,312$44,394,229$26,620,835$155,030,246