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%15.8%
1 years$809,275$802,066$795,033$788,169$781,466$762,884
2 years$400,631$393,170$385,938$378,927$372,127$353,514
3 years$264,434$256,941$249,728$242,782$236,092$218,031
4 years$196,349$188,879$181,738$174,911$168,383$151,012
5 years$155,509$148,083$141,036$134,348$128,002$111,370
6 years$128,291$120,921$113,978$107,440$101,284$85,407
7 years$108,857$101,549$94,716$88,332$82,371$67,252
8 years$94,288$87,047$80,327$74,099$68,335$53,968
9 years$82,963$75,790$69,186$63,116$57,548$43,921
10 years$73,908$66,805$60,318$54,407$49,033$36,132
11 years$66,505$59,472$53,103$47,350$42,170$29,976
12 years$60,339$53,379$47,127$41,533$36,544$25,037
13 years$55,126$48,239$42,105$36,667$31,867$21,025
14 years$50,662$43,848$37,832$32,549$27,934$17,734
15 years$46,797$40,056$34,157$29,028$24,596$15,013
16 years$43,418$36,751$30,968$25,991$21,738$12,748
17 years$40,439$33,846$28,180$23,353$19,274$10,852
18 years$37,795$31,275$25,725$21,046$17,138$9,258
19 years$35,431$28,986$23,550$19,017$15,275$7,912
20 years$33,307$26,935$21,613$17,223$13,644$6,771
21 years$31,388$25,089$19,879$15,631$12,210$5,803
22 years$29,645$23,419$18,322$14,212$10,944$4,979
23 years$28,056$21,904$16,917$12,943$9,824$4,275
24 years$26,602$20,522$15,645$11,805$8,830$3,674
25 years$25,266$19,259$14,491$10,781$7,946$3,160
26 years$24,035$18,101$13,440$9,858$7,157$2,719
27 years$22,897$17,035$12,480$9,023$6,453$2,341
28 years$21,842$16,052$11,602$8,267$5,823$2,016
29 years$20,862$15,143$10,796$7,581$5,258$1,737
30 years$19,949$14,301$10,056$6,958$4,751$1,497
31 years$19,096$13,519$9,375$6,390$4,295$1,291
32 years$18,298$12,792$8,747$5,872$3,885$1,113
33 years$17,550$12,114$8,167$5,400$3,516$960
34 years$16,848$11,481$7,631$4,969$3,183$828
35 years$16,187$10,890$7,135$4,574$2,883$714
36 years$15,565$10,336$6,674$4,213$2,612$616
37 years$14,977$9,817$6,247$3,881$2,368$532
38 years$14,422$9,330$5,850$3,577$2,147$459
39 years$13,896$8,872$5,481$3,299$1,947$396
40 years$13,398$8,441$5,137$3,042$1,766$342
41 years$12,926$8,035$4,817$2,807$1,602$295
42 years$12,477$7,652$4,519$2,591$1,454$255
43 years$12,050$7,291$4,240$2,391$1,319$220
44 years$11,644$6,950$3,980$2,208$1,197$190
45 years$11,257$6,627$3,737$2,039$1,087$164
46 years$10,888$6,322$3,510$1,884$987$142
47 years$10,535$6,033$3,298$1,740$896$122
48 years$10,198$5,759$3,099$1,608$814$106
49 years$9,876$5,500$2,913$1,486$739$91
50 years$9,568$5,254$2,738$1,374$671$79

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 $3,417 every year, while hoping to spend $23,063 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: 39/39/22 Blend
67$9,800,000$9,800,000$9,800,000$9,800,000
68$10,803,125$10,283,725$10,131,825$11,153,581
69$11,880,504$10,763,088$10,446,702$11,886,183
70$13,067,004$11,265,168$10,771,355$12,675,390
71$14,373,729$11,791,052$11,106,086$13,528,299
72$15,812,918$12,341,882$11,451,208$14,450,709
73$17,398,056$12,918,854$11,807,044$15,448,977
74$19,144,003$13,523,223$12,173,925$16,530,079
75$21,067,133$14,156,303$12,552,193$17,701,668
76$23,185,492$14,819,473$12,942,203$18,972,145
77$25,518,963$15,514,178$13,344,318$20,350,727
78$28,089,458$16,241,933$13,758,913$21,847,538
79$30,921,121$17,004,327$14,186,375$23,473,693
80$34,040,560$17,803,023$14,627,103$25,241,398
81$37,477,094$18,639,768$15,081,508$27,164,062
82$41,263,033$19,516,393$15,550,014$29,256,418
83$45,433,981$20,434,815$16,033,058$31,534,650
84$50,029,173$21,397,046$16,531,091$34,016,547
85$55,091,843$22,405,196$17,044,578$36,721,658
86$60,669,636$23,461,476$17,573,996$39,671,475
87$66,815,055$24,568,204$18,119,840$42,889,622
88$73,585,955$25,727,810$18,682,620$46,402,074
89$81,046,093$26,942,844$19,262,859$50,237,397
90$89,265,729$28,215,977$19,861,098$54,427,000
91$98,322,285$29,550,012$20,477,896$59,005,433
92$108,301,080$30,947,884$21,113,828$64,010,696
93$119,296,134$32,412,675$21,769,486$69,484,593
94$131,411,058$33,947,614$22,445,481$75,473,112
95$144,760,024$35,556,086$23,142,444$82,026,853
96$159,468,855$37,241,642$23,861,023$89,201,490
97$175,676,200$39,008,004$24,601,890$97,058,288
98$193,534,852$40,859,076$25,365,733$105,664,669
99$213,213,187$42,798,951$26,153,265$115,094,833
100$234,896,752$44,831,919$26,965,219$125,430,447