Can I retire at age 68 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$404,637$401,033$397,517$394,084$390,733$387,459
2 years$200,316$196,585$192,969$189,464$186,063$182,764
3 years$132,217$128,470$124,864$121,391$118,046$114,823
4 years$98,175$94,439$90,869$87,456$84,192$81,070
5 years$77,754$74,042$70,518$67,174$64,001$60,990
6 years$64,145$60,461$56,989$53,720$50,642$47,745
7 years$54,429$50,775$47,358$44,166$41,185$38,404
8 years$47,144$43,523$40,163$37,050$34,167$31,502
9 years$41,482$37,895$34,593$31,558$28,774$26,223
10 years$36,954$33,402$30,159$27,203$24,517$22,079
11 years$33,252$29,736$26,551$23,675$21,085$18,759
12 years$30,170$26,690$23,564$20,766$18,272$16,055
13 years$27,563$24,120$21,053$18,334$15,934$13,823
14 years$25,331$21,924$18,916$16,274$13,967$11,961
15 years$23,398$20,028$17,078$14,514$12,298$10,393
16 years$21,709$18,375$15,484$12,996$10,869$9,063
17 years$20,220$16,923$14,090$11,676$9,637$7,926
18 years$18,897$15,638$12,862$10,523$8,569$6,950
19 years$17,716$14,493$11,775$9,508$7,638$6,108
20 years$16,654$13,467$10,806$8,612$6,822$5,377
21 years$15,694$12,544$9,940$7,816$6,105$4,743
22 years$14,822$11,710$9,161$7,106$5,472$4,189
23 years$14,028$10,952$8,459$6,472$4,912$3,704
24 years$13,301$10,261$7,823$5,903$4,415$3,279
25 years$12,633$9,630$7,245$5,391$3,973$2,906
26 years$12,017$9,050$6,720$4,929$3,579$2,577
27 years$11,448$8,517$6,240$4,512$3,227$2,288
28 years$10,921$8,026$5,801$4,134$2,911$2,032
29 years$10,431$7,571$5,398$3,791$2,629$1,806
30 years$9,974$7,150$5,028$3,479$2,375$1,605
31 years$9,548$6,760$4,688$3,195$2,148$1,428
32 years$9,149$6,396$4,374$2,936$1,943$1,271
33 years$8,775$6,057$4,084$2,700$1,758$1,132
34 years$8,424$5,741$3,816$2,484$1,592$1,008
35 years$8,094$5,445$3,567$2,287$1,442$898
36 years$7,782$5,168$3,337$2,106$1,306$800
37 years$7,489$4,908$3,123$1,941$1,184$713
38 years$7,211$4,665$2,925$1,789$1,073$635
39 years$6,948$4,436$2,740$1,649$973$566
40 years$6,699$4,220$2,569$1,521$883$505
41 years$6,463$4,017$2,408$1,404$801$450
42 years$6,238$3,826$2,259$1,295$727$402
43 years$6,025$3,645$2,120$1,196$660$358
44 years$5,822$3,475$1,990$1,104$599$320
45 years$5,628$3,314$1,869$1,020$544$285
46 years$5,444$3,161$1,755$942$493$255
47 years$5,268$3,017$1,649$870$448$227
48 years$5,099$2,880$1,549$804$407$203
49 years$4,938$2,750$1,456$743$370$181
50 years$4,784$2,627$1,369$687$336$161

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $4,900,000, adding $4,560 every year, while hoping to spend $46,154 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: 41/34/25 Blend
67$4,900,000$4,900,000$4,900,000$4,900,000
68$5,404,504$5,144,804$5,068,854$5,586,159
69$5,906,656$5,347,792$5,189,553$5,920,222
70$6,458,480$5,559,179$5,312,748$6,276,875
71$7,064,995$5,779,329$5,438,475$6,662,021
72$7,731,729$6,008,620$5,566,768$7,078,301
73$8,464,771$6,247,449$5,697,662$7,528,618
74$9,270,833$6,496,229$5,831,189$8,016,160
75$10,157,307$6,755,393$5,967,382$8,544,430
76$11,132,338$7,025,393$6,106,275$9,117,277
77$12,204,900$7,306,701$6,247,899$9,738,934
78$13,384,881$7,599,810$6,392,285$10,414,052
79$14,683,175$7,905,237$6,539,462$11,147,744
80$16,111,786$8,223,521$6,689,461$11,945,635
81$17,683,939$8,555,224$6,842,309$12,813,908
82$19,414,207$8,900,937$6,998,033$13,759,365
83$21,318,648$9,261,274$7,156,659$14,789,488
84$23,414,954$9,636,880$7,318,211$15,912,505
85$25,722,620$10,028,428$7,482,711$17,137,471
86$28,263,127$10,436,621$7,650,182$18,474,349
87$31,060,144$10,862,194$7,820,642$19,934,100
88$34,139,755$11,305,917$7,994,109$21,528,789
89$37,530,697$11,768,594$8,170,599$23,271,689
90$41,264,638$12,251,066$8,350,124$25,177,414
91$45,376,475$12,754,212$8,532,697$27,262,047
92$49,904,659$13,278,951$8,718,326$29,543,291
93$54,891,561$13,826,247$8,907,016$32,040,635
94$60,383,870$14,397,103$9,098,772$34,775,535
95$66,433,036$14,992,572$9,293,592$37,771,610
96$73,095,753$15,613,755$9,491,474$41,054,869
97$80,434,492$16,261,802$9,692,411$44,653,947
98$88,518,097$16,937,917$9,896,393$48,600,375
99$97,422,427$17,643,359$10,103,407$52,928,874
100$107,231,077$18,379,445$10,313,433$57,677,678