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%16.1%
1 years$809,275$802,066$795,033$788,169$781,466$761,956
2 years$400,631$393,170$385,938$378,927$372,127$352,594
3 years$264,434$256,941$249,728$242,782$236,092$217,148
4 years$196,349$188,879$181,738$174,911$168,383$150,173
5 years$155,509$148,083$141,036$134,348$128,002$110,577
6 years$128,291$120,921$113,978$107,440$101,284$84,660
7 years$108,857$101,549$94,716$88,332$82,371$66,551
8 years$94,288$87,047$80,327$74,099$68,335$53,312
9 years$82,963$75,790$69,186$63,116$57,548$43,309
10 years$73,908$66,805$60,318$54,407$49,033$35,562
11 years$66,505$59,472$53,103$47,350$42,170$29,447
12 years$60,339$53,379$47,127$41,533$36,544$24,546
13 years$55,126$48,239$42,105$36,667$31,867$20,571
14 years$50,662$43,848$37,832$32,549$27,934$17,316
15 years$46,797$40,056$34,157$29,028$24,596$14,628
16 years$43,418$36,751$30,968$25,991$21,738$12,395
17 years$40,439$33,846$28,180$23,353$19,274$10,529
18 years$37,795$31,275$25,725$21,046$17,138$8,962
19 years$35,431$28,986$23,550$19,017$15,275$7,642
20 years$33,307$26,935$21,613$17,223$13,644$6,526
21 years$31,388$25,089$19,879$15,631$12,210$5,580
22 years$29,645$23,419$18,322$14,212$10,944$4,776
23 years$28,056$21,904$16,917$12,943$9,824$4,091
24 years$26,602$20,522$15,645$11,805$8,830$3,508
25 years$25,266$19,259$14,491$10,781$7,946$3,009
26 years$24,035$18,101$13,440$9,858$7,157$2,583
27 years$22,897$17,035$12,480$9,023$6,453$2,219
28 years$21,842$16,052$11,602$8,267$5,823$1,906
29 years$20,862$15,143$10,796$7,581$5,258$1,638
30 years$19,949$14,301$10,056$6,958$4,751$1,408
31 years$19,096$13,519$9,375$6,390$4,295$1,211
32 years$18,298$12,792$8,747$5,872$3,885$1,042
33 years$17,550$12,114$8,167$5,400$3,516$896
34 years$16,848$11,481$7,631$4,969$3,183$771
35 years$16,187$10,890$7,135$4,574$2,883$664
36 years$15,565$10,336$6,674$4,213$2,612$571
37 years$14,977$9,817$6,247$3,881$2,368$492
38 years$14,422$9,330$5,850$3,577$2,147$423
39 years$13,896$8,872$5,481$3,299$1,947$364
40 years$13,398$8,441$5,137$3,042$1,766$314
41 years$12,926$8,035$4,817$2,807$1,602$270
42 years$12,477$7,652$4,519$2,591$1,454$233
43 years$12,050$7,291$4,240$2,391$1,319$200
44 years$11,644$6,950$3,980$2,208$1,197$172
45 years$11,257$6,627$3,737$2,039$1,087$149
46 years$10,888$6,322$3,510$1,884$987$128
47 years$10,535$6,033$3,298$1,740$896$110
48 years$10,198$5,759$3,099$1,608$814$95
49 years$9,876$5,500$2,913$1,486$739$82
50 years$9,568$5,254$2,738$1,374$671$70

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 $4,057 every year, while hoping to spend $48,550 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: 42/34/24 Blend
67$9,800,000$9,800,000$9,800,000$9,800,000
68$10,803,785$10,284,385$10,132,485$11,181,431
69$11,854,114$10,736,663$10,420,266$11,904,028
70$13,009,950$11,209,475$10,716,061$12,681,107
71$14,282,002$11,703,777$11,020,087$13,521,685
72$15,682,072$12,220,568$11,332,566$14,431,637
73$17,223,164$12,760,897$11,653,727$15,417,411
74$18,919,605$13,325,859$11,983,805$16,486,088
75$20,787,183$13,916,604$12,323,041$17,645,445
76$22,843,294$14,534,336$12,671,681$18,904,025
77$25,107,106$15,180,315$13,029,979$20,271,211
78$27,599,742$15,855,861$13,398,194$21,757,316
79$30,344,476$16,562,358$13,776,593$23,373,672
80$33,366,953$17,301,255$14,165,450$25,132,732
81$36,695,435$18,074,068$14,565,045$27,048,188
82$40,361,061$18,882,389$14,975,665$29,135,092
83$44,398,145$19,727,883$15,397,606$31,409,992
84$48,844,500$20,612,293$15,831,171$33,891,088
85$53,741,792$21,537,449$16,276,668$36,598,393
86$59,135,936$22,505,264$16,734,417$39,553,920
87$65,077,525$23,517,746$17,204,743$42,781,883
88$71,622,312$24,576,995$17,687,982$46,308,919
89$78,831,735$25,685,215$18,184,476$50,164,334
90$86,773,493$26,844,711$18,694,577$54,380,373
91$95,522,189$28,057,902$19,218,646$58,992,517
92$105,160,033$29,327,320$19,757,051$64,039,811
93$115,777,616$30,655,619$20,310,172$69,565,224
94$127,474,768$32,045,579$20,878,398$75,616,051
95$140,361,495$33,500,114$21,462,126$82,244,345
96$154,559,025$35,022,276$22,061,764$89,507,404
97$170,200,943$36,615,265$22,677,731$97,468,304
98$187,434,459$38,282,433$23,310,455$106,196,479
99$206,421,794$40,027,293$23,960,375$115,768,375
100$227,341,712$41,853,524$24,627,942$126,268,155