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%13.9%
1 years$355,090$351,927$348,841$345,829$342,888$337,346
2 years$175,787$172,513$169,340$166,264$163,280$157,712
3 years$116,027$112,739$109,574$106,527$103,592$98,171
4 years$86,153$82,875$79,742$76,747$73,882$68,650
5 years$68,234$64,975$61,883$58,949$56,164$51,136
6 years$56,291$53,057$50,011$47,142$44,441$39,623
7 years$47,764$44,557$41,559$38,758$36,142$31,535
8 years$41,371$38,194$35,245$32,513$29,984$25,587
9 years$36,402$33,255$30,357$27,694$25,250$21,062
10 years$32,429$29,312$26,466$23,872$21,515$17,531
11 years$29,181$26,095$23,300$20,776$18,503$14,720
12 years$26,475$23,422$20,678$18,223$16,035$12,446
13 years$24,188$21,166$18,475$16,089$13,982$10,585
14 years$22,229$19,239$16,600$14,282$12,257$9,044
15 years$20,533$17,576$14,987$12,737$10,792$7,758
16 years$19,051$16,125$13,588$11,404$9,538$6,676
17 years$17,744$14,851$12,365$10,247$8,457$5,761
18 years$16,583$13,723$11,287$9,234$7,520$4,983
19 years$15,546$12,718$10,333$8,344$6,702$4,319
20 years$14,614$11,818$9,483$7,557$5,987$3,750
21 years$13,772$11,008$8,723$6,859$5,357$3,261
22 years$13,007$10,276$8,039$6,236$4,802$2,839
23 years$12,310$9,611$7,423$5,679$4,311$2,474
24 years$11,672$9,005$6,865$5,180$3,875$2,158
25 years$11,086$8,450$6,358$4,731$3,487$1,884
26 years$10,546$7,942$5,897$4,325$3,141$1,646
27 years$10,047$7,474$5,476$3,959$2,831$1,439
28 years$9,584$7,043$5,090$3,627$2,555$1,259
29 years$9,154$6,644$4,737$3,326$2,307$1,102
30 years$8,753$6,275$4,412$3,053$2,085$964
31 years$8,379$5,932$4,114$2,804$1,885$845
32 years$8,029$5,613$3,838$2,577$1,705$740
33 years$7,701$5,315$3,584$2,369$1,543$648
34 years$7,393$5,038$3,348$2,180$1,397$568
35 years$7,103$4,778$3,130$2,007$1,265$498
36 years$6,829$4,535$2,928$1,848$1,146$437
37 years$6,572$4,307$2,741$1,703$1,039$383
38 years$6,328$4,094$2,567$1,570$942$336
39 years$6,097$3,893$2,405$1,447$854$295
40 years$5,879$3,704$2,254$1,335$775$259
41 years$5,671$3,525$2,114$1,232$703$227
42 years$5,475$3,357$1,983$1,137$638$199
43 years$5,287$3,199$1,860$1,049$579$175
44 years$5,109$3,049$1,746$969$525$153
45 years$4,939$2,908$1,640$895$477$135
46 years$4,777$2,774$1,540$826$433$118
47 years$4,623$2,647$1,447$764$393$104
48 years$4,475$2,527$1,360$706$357$91
49 years$4,334$2,413$1,278$652$324$80
50 years$4,198$2,305$1,202$603$295$70

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 $3,966 every year, while hoping to spend $27,049 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: 71/17/12 Blend
67$4,300,000$4,300,000$4,300,000$4,300,000
68$4,742,691$4,514,791$4,448,141$5,067,211
69$5,197,665$4,707,236$4,568,374$5,475,208
70$5,698,141$4,908,204$4,691,728$5,918,004
71$6,248,730$5,118,084$4,818,279$6,401,998
72$6,854,514$5,337,284$4,948,105$6,931,248
73$7,521,093$5,566,230$5,081,286$7,510,222
74$8,254,637$5,805,368$5,217,901$8,143,837
75$9,061,944$6,055,165$5,358,035$8,837,506
76$9,950,504$6,316,110$5,501,771$9,597,186
77$10,928,571$6,588,714$5,649,196$10,429,438
78$12,005,239$6,873,515$5,800,397$11,341,484
79$13,190,529$7,171,073$5,955,466$12,341,274
80$14,495,482$7,481,974$6,114,493$13,437,566
81$15,932,265$7,806,835$6,277,572$14,639,999
82$17,514,284$8,146,298$6,444,800$15,959,191
83$19,256,313$8,501,039$6,616,272$17,406,831
84$21,174,629$8,871,762$6,792,089$18,995,794
85$23,287,170$9,259,207$6,972,353$20,740,260
86$25,613,701$9,664,148$7,157,167$22,655,844
87$28,176,002$10,087,394$7,346,636$24,759,746
88$30,998,074$10,529,796$7,540,867$27,070,908
89$34,106,362$10,992,241$7,739,971$29,610,194
90$37,530,011$11,475,661$7,944,060$32,400,587
91$41,301,132$11,981,029$8,153,246$35,467,401
92$45,455,115$12,509,366$8,367,647$38,838,521
93$50,030,954$13,061,742$8,587,380$42,544,662
94$55,071,619$13,639,276$8,812,566$46,619,660
95$60,624,465$14,243,140$9,043,327$51,100,791
96$66,741,670$14,874,564$9,279,788$56,029,114
97$73,480,735$15,534,833$9,522,076$61,449,865
98$80,905,025$16,225,294$9,770,321$67,412,879
99$89,084,364$16,947,360$10,024,653$73,973,054
100$98,095,696$17,702,508$10,285,206$81,190,875