Can I retire at age 68 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$330,316$327,374$324,503$321,702$318,966$311,508
2 years$163,523$160,477$157,526$154,664$151,888$144,417
3 years$107,932$104,874$101,930$99,095$96,364$89,113
4 years$80,143$77,093$74,179$71,392$68,728$61,752
5 years$63,473$60,442$57,566$54,836$52,246$45,566
6 years$52,364$49,356$46,522$43,853$41,340$34,962
7 years$44,431$41,449$38,660$36,054$33,621$27,546
8 years$38,485$35,529$32,787$30,245$27,892$22,118
9 years$33,863$30,935$28,239$25,762$23,489$18,011
10 years$30,167$27,267$24,619$22,207$20,014$14,826
11 years$27,145$24,274$21,675$19,327$17,212$12,308
12 years$24,628$21,787$19,236$16,952$14,916$10,287
13 years$22,501$19,689$17,186$14,966$13,007$8,644
14 years$20,678$17,897$15,441$13,285$11,402$7,296
15 years$19,101$16,349$13,942$11,848$10,039$6,181
16 years$17,722$15,000$12,640$10,609$8,873$5,252
17 years$16,506$13,815$11,502$9,532$7,867$4,474
18 years$15,426$12,765$10,500$8,590$6,995$3,820
19 years$14,462$11,831$9,612$7,762$6,235$3,267
20 years$13,595$10,994$8,821$7,030$5,569$2,798
21 years$12,811$10,240$8,114$6,380$4,984$2,400
22 years$12,100$9,559$7,478$5,801$4,467$2,060
23 years$11,451$8,940$6,905$5,283$4,010$1,771
24 years$10,858$8,376$6,386$4,818$3,604$1,523
25 years$10,313$7,861$5,915$4,400$3,243$1,311
26 years$9,810$7,388$5,486$4,024$2,921$1,129
27 years$9,346$6,953$5,094$3,683$2,634$973
28 years$8,915$6,552$4,735$3,374$2,377$838
29 years$8,515$6,181$4,407$3,094$2,146$723
30 years$8,142$5,837$4,105$2,840$1,939$624
31 years$7,794$5,518$3,827$2,608$1,753$538
32 years$7,469$5,221$3,570$2,397$1,586$464
33 years$7,163$4,945$3,334$2,204$1,435$401
34 years$6,877$4,686$3,115$2,028$1,299$346
35 years$6,607$4,445$2,912$1,867$1,177$299
36 years$6,353$4,219$2,724$1,719$1,066$258
37 years$6,113$4,007$2,550$1,584$966$223
38 years$5,886$3,808$2,388$1,460$876$192
39 years$5,672$3,621$2,237$1,346$795$166
40 years$5,469$3,445$2,097$1,242$721$144
41 years$5,276$3,279$1,966$1,146$654$124
42 years$5,093$3,123$1,844$1,057$593$107
43 years$4,918$2,976$1,731$976$538$93
44 years$4,753$2,837$1,624$901$489$80
45 years$4,595$2,705$1,525$832$444$69
46 years$4,444$2,580$1,433$769$403$60
47 years$4,300$2,462$1,346$710$366$52
48 years$4,163$2,351$1,265$656$332$45
49 years$4,031$2,245$1,189$607$302$39
50 years$3,905$2,144$1,118$561$274$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $4,000,000, adding $3,919 every year, while hoping to spend $24,545 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: 48/24/28 Blend
67$4,000,000$4,000,000$4,000,000$4,000,000
68$4,412,042$4,200,042$4,138,042$4,588,380
69$4,835,955$4,379,729$4,250,551$4,892,523
70$5,302,284$4,567,397$4,366,006$5,219,907
71$5,815,330$4,763,413$4,484,481$5,574,981
72$6,379,832$4,968,158$4,606,049$5,960,367
73$7,001,010$5,182,033$4,730,786$6,378,950
74$7,684,616$5,405,456$4,858,771$6,833,901
75$8,436,990$5,638,866$4,990,083$7,328,707
76$9,265,115$5,882,723$5,124,803$7,867,200
77$10,176,687$6,137,506$5,263,014$8,453,596
78$11,180,185$6,403,720$5,404,801$9,092,532
79$12,284,952$6,681,890$5,550,250$9,789,108
80$13,501,283$6,972,569$5,699,449$10,548,935
81$14,840,524$7,276,334$5,852,490$11,378,183
82$16,315,173$7,593,791$6,009,464$12,283,645
83$17,939,005$7,925,571$6,170,466$13,272,793
84$19,727,198$8,272,339$6,335,591$14,353,851
85$21,696,477$8,634,788$6,504,938$15,535,869
86$23,865,271$9,013,646$6,678,607$16,828,807
87$26,253,889$9,409,675$6,856,701$18,243,628
88$28,884,708$9,823,671$7,039,322$19,792,402
89$31,782,387$10,256,470$7,226,579$21,488,412
90$34,974,100$10,708,946$7,418,579$23,346,284
91$38,489,790$11,182,016$7,615,433$25,382,120
92$42,362,453$11,676,639$7,817,254$27,613,647
93$46,628,448$12,193,820$8,024,157$30,060,384
94$51,327,843$12,734,611$8,236,260$32,743,826
95$56,504,791$13,300,114$8,453,682$35,687,637
96$62,207,944$13,891,484$8,676,545$38,917,882
97$68,490,919$14,509,931$8,904,973$42,463,260
98$75,412,796$15,156,722$9,139,094$46,355,380
99$83,038,683$15,833,183$9,379,035$50,629,051
100$91,440,324$16,540,704$9,624,929$55,322,612