Can I retire at age 68 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$338,574$335,558$332,616$329,744$326,940$321,391
2 years$167,611$164,489$161,464$158,531$155,686$150,113
3 years$110,631$107,496$104,478$101,572$98,773$93,350
4 years$82,146$79,021$76,033$73,177$70,446$65,213
5 years$65,060$61,953$59,005$56,207$53,552$48,525
6 years$53,673$50,589$47,685$44,949$42,374$37,558
7 years$45,542$42,485$39,626$36,955$34,461$29,859
8 years$39,447$36,417$33,606$31,001$28,589$24,199
9 years$34,709$31,708$28,945$26,406$24,076$19,895
10 years$30,921$27,949$25,235$22,762$20,514$16,540
11 years$27,823$24,881$22,216$19,810$17,643$13,870
12 years$25,244$22,332$19,716$17,376$15,289$11,713
13 years$23,063$20,182$17,615$15,340$13,332$9,948
14 years$21,195$18,345$15,827$13,617$11,687$8,488
15 years$19,578$16,758$14,290$12,144$10,290$7,271
16 years$18,165$15,375$12,956$10,874$9,094$6,249
17 years$16,918$14,160$11,790$9,770$8,064$5,385
18 years$15,812$13,085$10,762$8,805$7,170$4,651
19 years$14,823$12,127$9,852$7,956$6,391$4,025
20 years$13,935$11,269$9,042$7,206$5,708$3,489
21 years$13,132$10,496$8,317$6,540$5,108$3,029
22 years$12,402$9,798$7,665$5,946$4,579$2,633
23 years$11,738$9,164$7,078$5,415$4,110$2,291
24 years$11,129$8,586$6,546$4,939$3,694$1,996
25 years$10,570$8,057$6,062$4,510$3,324$1,740
26 years$10,055$7,573$5,623$4,124$2,994$1,518
27 years$9,579$7,127$5,221$3,775$2,700$1,325
28 years$9,138$6,716$4,854$3,459$2,436$1,157
29 years$8,728$6,335$4,517$3,172$2,200$1,011
30 years$8,346$5,983$4,207$2,911$1,988$883
31 years$7,989$5,656$3,922$2,673$1,797$772
32 years$7,655$5,352$3,660$2,457$1,625$675
33 years$7,342$5,068$3,417$2,259$1,471$591
34 years$7,049$4,803$3,193$2,079$1,332$517
35 years$6,772$4,556$2,985$1,914$1,206$452
36 years$6,512$4,324$2,792$1,762$1,093$396
37 years$6,266$4,107$2,614$1,624$991$347
38 years$6,034$3,903$2,447$1,497$898$304
39 years$5,814$3,712$2,293$1,380$814$266
40 years$5,605$3,531$2,149$1,273$739$233
41 years$5,408$3,361$2,015$1,174$670$204
42 years$5,220$3,201$1,890$1,084$608$179
43 years$5,041$3,050$1,774$1,000$552$156
44 years$4,871$2,907$1,665$924$501$137
45 years$4,709$2,773$1,563$853$455$120
46 years$4,555$2,645$1,468$788$413$105
47 years$4,408$2,524$1,380$728$375$92
48 years$4,267$2,410$1,296$673$341$81
49 years$4,132$2,301$1,219$622$309$71
50 years$4,003$2,198$1,146$575$281$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $4,100,000, adding $5,627 every year, while hoping to spend $32,306 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: 48/43/9 Blend
67$4,100,000$4,100,000$4,100,000$4,100,000
68$4,524,004$4,306,704$4,243,154$4,729,895
69$4,951,079$4,483,359$4,350,927$5,048,444
70$5,420,633$4,667,588$4,461,227$5,390,258
71$5,936,965$4,859,727$4,574,105$5,760,626
72$6,504,810$5,060,128$4,689,612$6,162,217
73$7,129,388$5,269,161$4,807,801$6,597,962
74$7,816,446$5,487,211$4,928,723$7,071,081
75$8,572,320$5,714,681$5,052,432$7,585,112
76$9,403,989$5,951,993$5,178,981$8,143,942
77$10,319,143$6,199,587$5,308,423$8,751,843
78$11,326,255$6,457,926$5,440,815$9,413,509
79$12,434,661$6,727,493$5,576,210$10,134,103
80$13,654,648$7,008,791$5,714,665$10,919,299
81$14,997,550$7,302,351$5,856,234$11,775,336
82$16,475,858$7,608,723$6,000,976$12,709,075
83$18,103,333$7,928,488$6,148,946$13,728,062
84$19,895,138$8,262,249$6,300,201$14,840,596
85$21,867,984$8,610,641$6,454,799$16,055,808
86$24,040,281$8,974,326$6,612,798$17,383,739
87$26,432,318$9,353,996$6,774,255$18,835,441
88$29,066,451$9,750,378$6,939,229$20,423,072
89$31,967,314$10,164,231$7,107,778$22,160,009
90$35,162,051$10,596,350$7,279,960$24,060,975
91$38,680,574$11,047,565$7,455,833$26,142,174
92$42,555,845$11,518,748$7,635,455$28,421,438
93$46,824,184$12,010,809$7,818,885$30,918,395
94$51,525,614$12,524,702$8,006,181$33,654,653
95$56,704,239$13,061,425$8,197,401$36,653,996
96$62,408,659$13,622,022$8,392,601$39,942,608
97$68,692,427$14,207,587$8,591,838$43,549,316
98$75,614,560$14,819,264$8,795,170$47,505,858
99$83,240,089$15,458,251$9,002,652$51,847,179
100$91,640,677$16,125,804$9,214,340$56,611,757