Can I retire at age 68 with 4,500,000?

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 $4,500,000?

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$371,606$368,296$365,066$361,914$358,836$349,878
2 years$183,963$180,537$177,217$173,997$170,874$161,905
3 years$121,424$117,983$114,671$111,482$108,410$99,711
4 years$90,160$86,730$83,451$80,316$77,319$68,957
5 years$71,407$67,997$64,761$61,691$58,776$50,775
6 years$58,909$55,525$52,337$49,334$46,508$38,875
7 years$49,985$46,630$43,492$40,561$37,823$30,559
8 years$43,296$39,970$36,885$34,025$31,378$24,480
9 years$38,095$34,801$31,769$28,982$26,425$19,887
10 years$33,937$30,676$27,697$24,983$22,515$16,329
11 years$30,538$27,309$24,384$21,742$19,364$13,521
12 years$27,707$24,511$21,640$19,071$16,780$11,271
13 years$25,313$22,151$19,334$16,837$14,633$9,446
14 years$23,263$20,134$17,372$14,946$12,827$7,951
15 years$21,488$18,393$15,684$13,329$11,294$6,717
16 years$19,937$16,875$14,220$11,935$9,982$5,692
17 years$18,569$15,542$12,940$10,723$8,850$4,835
18 years$17,355$14,361$11,812$9,664$7,869$4,115
19 years$16,270$13,310$10,814$8,732$7,014$3,509
20 years$15,294$12,368$9,924$7,909$6,265$2,996
21 years$14,413$11,520$9,128$7,178$5,607$2,562
22 years$13,612$10,754$8,413$6,526$5,026$2,193
23 years$12,883$10,058$7,768$5,943$4,511$1,879
24 years$12,215$9,424$7,184$5,421$4,055$1,611
25 years$11,602$8,844$6,654$4,951$3,649$1,382
26 years$11,036$8,311$6,171$4,527$3,287$1,186
27 years$10,514$7,822$5,731$4,143$2,963$1,019
28 years$10,030$7,371$5,327$3,796$2,674$875
29 years$9,579$6,953$4,957$3,481$2,414$752
30 years$9,160$6,567$4,618$3,195$2,181$647
31 years$8,769$6,208$4,305$2,934$1,972$556
32 years$8,402$5,874$4,017$2,697$1,784$478
33 years$8,059$5,563$3,750$2,480$1,615$412
34 years$7,736$5,272$3,504$2,282$1,462$354
35 years$7,433$5,000$3,276$2,100$1,324$305
36 years$7,147$4,746$3,065$1,934$1,200$262
37 years$6,877$4,508$2,868$1,782$1,087$226
38 years$6,622$4,284$2,686$1,643$986$194
39 years$6,381$4,074$2,517$1,515$894$167
40 years$6,152$3,876$2,359$1,397$811$144
41 years$5,935$3,689$2,212$1,289$736$124
42 years$5,729$3,514$2,075$1,190$667$107
43 years$5,533$3,348$1,947$1,098$606$92
44 years$5,347$3,191$1,828$1,014$550$79
45 years$5,169$3,043$1,716$936$499$68
46 years$4,999$2,903$1,612$865$453$59
47 years$4,838$2,770$1,514$799$412$51
48 years$4,683$2,645$1,423$738$374$44
49 years$4,535$2,525$1,337$682$339$38
50 years$4,394$2,412$1,257$631$308$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $4,500,000, adding $3,482 every year, while hoping to spend $53,764 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: 69/11/20 Blend
67$4,500,000$4,500,000$4,500,000$4,500,000
68$4,962,592$4,724,092$4,654,342$5,280,325
69$5,411,572$4,898,368$4,753,058$5,667,248
70$5,904,545$5,079,381$4,853,279$6,083,847
71$6,445,944$5,267,406$4,954,998$6,538,391
72$7,040,648$5,462,726$5,058,208$7,034,621
73$7,694,034$5,665,640$5,162,898$7,576,660
74$8,412,025$5,876,456$5,269,056$8,169,043
75$9,201,148$6,095,499$5,376,665$8,816,768
76$10,068,590$6,323,103$5,485,708$9,525,335
77$11,022,273$6,559,622$5,596,166$10,300,804
78$12,070,922$6,805,421$5,708,015$11,149,848
79$13,224,151$7,060,881$5,821,228$12,079,816
80$14,492,552$7,326,402$5,935,777$13,098,801
81$15,887,796$7,602,399$6,051,629$14,215,720
82$17,422,740$7,889,306$6,168,748$15,440,391
83$19,111,552$8,187,574$6,287,093$16,783,631
84$20,969,840$8,497,675$6,406,621$18,257,355
85$23,014,805$8,820,103$6,527,284$19,874,688
86$25,265,397$9,155,369$6,649,029$21,650,088
87$27,742,496$9,504,011$6,771,800$23,599,483
88$30,469,110$9,866,587$6,895,535$25,740,419
89$33,470,590$10,243,680$7,020,167$28,092,226
90$36,774,871$10,635,901$7,145,623$30,676,202
91$40,412,732$11,043,885$7,271,825$33,515,807
92$44,418,090$11,468,294$7,398,691$36,636,891
93$48,828,317$11,909,823$7,526,129$40,067,932
94$53,684,594$12,369,193$7,654,043$43,840,307
95$59,032,299$12,847,159$7,782,329$47,988,587
96$64,921,433$13,344,510$7,910,878$52,550,860
97$71,407,097$13,862,068$8,039,569$57,569,094
98$78,550,004$14,400,693$8,168,278$63,089,527
99$86,417,058$14,961,280$8,296,869$69,163,109
100$95,081,982$15,544,768$8,425,198$75,845,976