Can I retire at age 68 with 4,700,000?

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 $4,700,000?

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$388,122$384,664$381,291$377,999$374,785$371,955
2 years$192,139$188,561$185,093$181,730$178,469$175,616
3 years$126,821$123,227$119,767$116,436$113,228$110,440
4 years$94,168$90,585$87,160$83,886$80,755$78,054
5 years$74,581$71,019$67,640$64,432$61,389$58,783
6 years$61,527$57,993$54,663$51,527$48,575$46,066
7 years$52,207$48,702$45,425$42,363$39,504$37,095
8 years$45,220$41,747$38,524$35,538$32,773$30,462
9 years$39,788$36,348$33,181$30,270$27,599$25,388
10 years$35,446$32,039$28,928$26,093$23,516$21,401
11 years$31,895$28,522$25,468$22,709$20,225$18,206
12 years$28,938$25,600$22,602$19,919$17,526$15,601
13 years$26,438$23,135$20,193$17,585$15,283$13,450
14 years$24,297$21,029$18,144$15,610$13,397$11,653
15 years$22,443$19,211$16,381$13,922$11,796$10,139
16 years$20,823$17,625$14,852$12,465$10,425$8,853
17 years$19,394$16,232$13,515$11,200$9,244$7,754
18 years$18,126$14,999$12,337$10,093$8,219$6,808
19 years$16,993$13,901$11,294$9,120$7,326$5,992
20 years$15,974$12,918$10,365$8,260$6,544$5,283
21 years$15,053$12,032$9,534$7,497$5,856$4,666
22 years$14,217$11,232$8,787$6,816$5,249$4,127
23 years$13,455$10,505$8,113$6,208$4,712$3,656
24 years$12,758$9,842$7,503$5,662$4,235$3,241
25 years$12,117$9,237$6,950$5,171$3,811$2,877
26 years$11,527$8,681$6,445$4,728$3,433$2,555
27 years$10,981$8,170$5,985$4,327$3,095$2,272
28 years$10,475$7,698$5,564$3,965$2,793$2,021
29 years$10,005$7,262$5,178$3,636$2,522$1,799
30 years$9,567$6,859$4,823$3,337$2,278$1,602
31 years$9,158$6,484$4,496$3,065$2,060$1,428
32 years$8,776$6,135$4,195$2,816$1,863$1,272
33 years$8,417$5,810$3,917$2,590$1,686$1,135
34 years$8,080$5,506$3,660$2,383$1,527$1,012
35 years$7,763$5,223$3,422$2,194$1,383$903
36 years$7,465$4,957$3,201$2,020$1,253$806
37 years$7,183$4,708$2,996$1,861$1,136$720
38 years$6,917$4,474$2,806$1,716$1,030$643
39 years$6,664$4,255$2,629$1,582$934$574
40 years$6,426$4,048$2,464$1,459$847$513
41 years$6,199$3,853$2,310$1,346$768$458
42 years$5,984$3,670$2,167$1,242$697$409
43 years$5,779$3,497$2,033$1,147$633$366
44 years$5,584$3,333$1,909$1,059$574$327
45 years$5,399$3,178$1,792$978$521$292
46 years$5,222$3,032$1,683$903$473$261
47 years$5,053$2,893$1,581$835$430$233
48 years$4,891$2,762$1,486$771$390$209
49 years$4,737$2,638$1,397$713$355$186
50 years$4,589$2,520$1,313$659$322$167

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $4,700,000, adding $3,686 every year, while hoping to spend $39,210 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: 50/25/25 Blend
67$4,700,000$4,700,000$4,700,000$4,700,000
68$5,183,202$4,934,102$4,861,252$5,405,666
69$5,670,170$5,134,154$4,982,385$5,761,007
70$6,205,494$5,342,694$5,106,262$6,142,761
71$6,794,065$5,560,097$5,232,932$6,556,904
72$7,441,273$5,786,755$5,362,449$7,006,520
73$8,153,053$6,023,077$5,494,861$7,495,002
74$8,935,947$6,269,490$5,630,222$8,026,079
75$9,797,162$6,526,444$5,768,583$8,603,853
76$10,744,638$6,794,405$5,909,996$9,232,836
77$11,787,124$7,073,863$6,054,513$9,917,990
78$12,934,259$7,365,331$6,202,188$10,664,775
79$14,196,664$7,669,343$6,353,072$11,479,197
80$15,586,043$7,986,460$6,507,219$12,367,865
81$17,115,290$8,317,267$6,664,681$13,338,051
82$18,798,614$8,662,377$6,825,512$14,397,758
83$20,651,670$9,022,431$6,989,764$15,555,796
84$22,691,709$9,398,099$7,157,490$16,821,857
85$24,937,739$9,790,082$7,328,742$18,206,615
86$27,410,706$10,199,113$7,503,572$19,721,814
87$30,133,689$10,625,960$7,682,033$21,380,388
88$33,132,119$11,071,427$7,864,175$23,196,572
89$36,434,021$11,536,352$8,050,050$25,186,042
90$40,070,273$12,021,615$8,239,709$27,366,055
91$44,074,902$12,528,135$8,433,200$29,755,614
92$48,485,403$13,056,875$8,630,573$32,375,645
93$53,343,093$13,608,841$8,831,877$35,249,189
94$58,693,502$14,185,088$9,037,158$38,401,622
95$64,586,798$14,786,716$9,246,462$41,860,889
96$71,078,268$15,414,881$9,459,834$45,657,766
97$78,228,831$16,070,791$9,677,319$49,826,149
98$86,105,620$16,755,708$9,898,957$54,403,369
99$94,782,611$17,470,955$10,124,790$59,430,546
100$104,341,323$18,217,918$10,354,856$64,952,969