Can I retire at age 68 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$355,090$351,927$348,841$345,829$342,888$340,299
2 years$175,787$172,513$169,340$166,264$163,280$160,670
3 years$116,027$112,739$109,574$106,527$103,592$101,041
4 years$86,153$82,875$79,742$76,747$73,882$71,411
5 years$68,234$64,975$61,883$58,949$56,164$53,780
6 years$56,291$53,057$50,011$47,142$44,441$42,146
7 years$47,764$44,557$41,559$38,758$36,142$33,938
8 years$41,371$38,194$35,245$32,513$29,984$27,870
9 years$36,402$33,255$30,357$27,694$25,250$23,227
10 years$32,429$29,312$26,466$23,872$21,515$19,580
11 years$29,181$26,095$23,300$20,776$18,503$16,656
12 years$26,475$23,422$20,678$18,223$16,035$14,273
13 years$24,188$21,166$18,475$16,089$13,982$12,305
14 years$22,229$19,239$16,600$14,282$12,257$10,662
15 years$20,533$17,576$14,987$12,737$10,792$9,276
16 years$19,051$16,125$13,588$11,404$9,538$8,100
17 years$17,744$14,851$12,365$10,247$8,457$7,094
18 years$16,583$13,723$11,287$9,234$7,520$6,229
19 years$15,546$12,718$10,333$8,344$6,702$5,482
20 years$14,614$11,818$9,483$7,557$5,987$4,834
21 years$13,772$11,008$8,723$6,859$5,357$4,269
22 years$13,007$10,276$8,039$6,236$4,802$3,776
23 years$12,310$9,611$7,423$5,679$4,311$3,344
24 years$11,672$9,005$6,865$5,180$3,875$2,965
25 years$11,086$8,450$6,358$4,731$3,487$2,632
26 years$10,546$7,942$5,897$4,325$3,141$2,338
27 years$10,047$7,474$5,476$3,959$2,831$2,078
28 years$9,584$7,043$5,090$3,627$2,555$1,849
29 years$9,154$6,644$4,737$3,326$2,307$1,646
30 years$8,753$6,275$4,412$3,053$2,085$1,466
31 years$8,379$5,932$4,114$2,804$1,885$1,306
32 years$8,029$5,613$3,838$2,577$1,705$1,164
33 years$7,701$5,315$3,584$2,369$1,543$1,038
34 years$7,393$5,038$3,348$2,180$1,397$926
35 years$7,103$4,778$3,130$2,007$1,265$826
36 years$6,829$4,535$2,928$1,848$1,146$737
37 years$6,572$4,307$2,741$1,703$1,039$658
38 years$6,328$4,094$2,567$1,570$942$588
39 years$6,097$3,893$2,405$1,447$854$525
40 years$5,879$3,704$2,254$1,335$775$469
41 years$5,671$3,525$2,114$1,232$703$419
42 years$5,475$3,357$1,983$1,137$638$374
43 years$5,287$3,199$1,860$1,049$579$334
44 years$5,109$3,049$1,746$969$525$299
45 years$4,939$2,908$1,640$895$477$267
46 years$4,777$2,774$1,540$826$433$239
47 years$4,623$2,647$1,447$764$393$213
48 years$4,475$2,527$1,360$706$357$191
49 years$4,334$2,413$1,278$652$324$171
50 years$4,198$2,305$1,202$603$295$153

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $4,300,000, adding $3,602 every year, while hoping to spend $22,812 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: 59/35/6 Blend
67$4,300,000$4,300,000$4,300,000$4,300,000
68$4,742,315$4,514,415$4,447,765$5,016,337
69$5,201,760$4,711,350$4,572,494$5,397,318
70$5,707,303$4,917,170$4,700,636$5,809,586
71$6,263,623$5,132,286$4,832,282$6,258,500
72$6,875,874$5,357,130$4,967,525$6,747,576
73$7,549,736$5,592,151$5,106,460$7,280,677
74$8,291,465$5,837,824$5,249,183$7,862,053
75$9,107,959$6,094,641$5,395,795$8,496,373
76$10,006,814$6,363,122$5,546,397$9,188,775
77$10,996,402$6,643,808$5,701,094$9,944,908
78$12,085,948$6,937,268$5,859,994$10,770,984
79$13,285,618$7,244,096$6,023,207$11,673,838
80$14,606,611$7,564,917$6,190,844$12,660,988
81$16,061,270$7,900,383$6,363,022$13,740,707
82$17,663,194$8,251,177$6,539,859$14,922,094
83$19,427,371$8,618,015$6,721,475$16,215,164
84$21,370,314$9,001,649$6,907,995$17,630,937
85$23,510,219$9,402,863$7,099,546$19,181,542
86$25,867,139$9,822,481$7,296,259$20,880,324
87$28,463,170$10,261,365$7,498,266$22,741,977
88$31,322,659$10,720,418$7,705,704$24,782,670
89$34,472,438$11,200,586$7,918,713$27,020,205
90$37,942,073$11,702,861$8,137,436$29,474,178
91$41,764,144$12,228,281$8,362,019$32,166,163
92$45,974,554$12,777,934$8,592,614$35,119,912
93$50,612,865$13,352,959$8,829,373$38,361,575
94$55,722,675$13,954,551$9,072,455$41,919,946
95$61,352,025$14,583,962$9,322,019$45,826,732
96$67,553,856$15,242,501$9,578,232$50,116,845
97$74,386,508$15,931,542$9,841,261$54,828,731
98$81,914,268$16,652,523$10,111,279$60,004,727
99$90,207,980$17,406,954$10,388,464$65,691,459
100$99,345,712$18,196,413$10,672,996$71,940,277