Can I retire at age 68 with 5,200,000?

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 $5,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$429,411$425,586$421,854$418,212$414,655$402,673
2 years$212,580$208,621$204,784$201,063$197,455$185,478
3 years$140,312$136,336$132,509$128,823$125,274$113,677
4 years$104,185$100,221$96,432$92,810$89,346$78,220
5 years$82,515$78,575$74,835$71,287$67,919$57,293
6 years$68,073$64,162$60,478$57,009$53,742$43,626
7 years$57,761$53,883$50,258$46,870$43,707$34,100
8 years$50,031$46,188$42,622$39,318$36,259$27,157
9 years$44,021$40,215$36,711$33,490$30,535$21,928
10 years$39,217$35,447$32,005$28,869$26,018$17,894
11 years$35,288$31,557$28,177$25,125$22,376$14,722
12 years$32,017$28,324$25,006$22,038$19,391$12,192
13 years$29,251$25,596$22,341$19,456$16,909$10,149
14 years$26,882$23,266$20,074$17,271$14,822$8,484
15 years$24,831$21,254$18,124$15,403$13,051$7,117
16 years$23,038$19,500$16,432$13,791$11,534$5,988
17 years$21,458$17,959$14,953$12,391$10,227$5,049
18 years$20,054$16,595$13,650$11,167$9,093$4,266
19 years$18,800$15,380$12,496$10,090$8,105$3,610
20 years$17,673$14,292$11,468$9,139$7,240$3,060
21 years$16,655$13,312$10,548$8,294$6,479$2,596
22 years$15,730$12,427$9,722$7,541$5,807$2,205
23 years$14,887$11,622$8,976$6,868$5,213$1,874
24 years$14,115$10,889$8,302$6,264$4,686$1,594
25 years$13,406$10,219$7,689$5,721$4,216$1,357
26 years$12,753$9,604$7,131$5,231$3,798$1,155
27 years$12,149$9,039$6,622$4,788$3,424$984
28 years$11,590$8,517$6,156$4,387$3,090$839
29 years$11,070$8,035$5,729$4,023$2,790$715
30 years$10,585$7,588$5,336$3,692$2,521$610
31 years$10,133$7,173$4,975$3,391$2,279$520
32 years$9,709$6,787$4,641$3,116$2,062$444
33 years$9,312$6,428$4,334$2,865$1,866$378
34 years$8,940$6,092$4,049$2,636$1,689$323
35 years$8,589$5,778$3,786$2,427$1,530$276
36 years$8,259$5,484$3,541$2,235$1,386$235
37 years$7,947$5,209$3,315$2,059$1,256$201
38 years$7,652$4,950$3,104$1,898$1,139$171
39 years$7,373$4,707$2,908$1,750$1,033$146
40 years$7,109$4,479$2,726$1,614$937$125
41 years$6,859$4,263$2,556$1,489$850$107
42 years$6,620$4,060$2,398$1,375$771$91
43 years$6,394$3,869$2,250$1,269$700$78
44 years$6,178$3,688$2,112$1,172$635$66
45 years$5,973$3,516$1,983$1,082$577$57
46 years$5,777$3,354$1,862$999$524$48
47 years$5,590$3,201$1,750$923$476$41
48 years$5,411$3,056$1,644$853$432$35
49 years$5,241$2,918$1,545$789$392$30
50 years$5,077$2,788$1,453$729$356$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $5,200,000, adding $5,676 every year, while hoping to spend $49,826 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: 44/44/12 Blend
67$5,200,000$5,200,000$5,200,000$5,200,000
68$5,736,255$5,460,655$5,380,055$5,968,637
69$6,268,338$5,675,212$5,507,272$6,345,590
70$6,853,024$5,898,613$5,637,081$6,748,422
71$7,495,626$6,131,238$5,769,517$7,183,923
72$8,201,996$6,373,485$5,904,612$7,655,119
73$8,978,583$6,625,769$6,042,399$8,165,333
74$9,832,491$6,888,525$6,182,913$8,718,213
75$10,771,548$7,162,206$6,326,183$9,317,768
76$11,804,377$7,447,285$6,472,241$9,968,404
77$12,940,480$7,744,258$6,621,118$10,674,958
78$14,190,325$8,053,643$6,772,842$11,442,750
79$15,565,447$8,375,980$6,927,440$12,277,626
80$17,078,554$8,711,835$7,084,941$13,186,012
81$18,743,649$9,061,797$7,245,369$14,174,974
82$20,576,161$9,426,485$7,408,749$15,252,281
83$22,593,090$9,806,543$7,575,102$16,426,476
84$24,813,167$10,202,646$7,744,450$17,706,957
85$27,257,034$10,615,499$7,916,813$19,104,059
86$29,947,431$11,045,839$8,092,206$20,629,152
87$32,909,420$11,494,436$8,270,646$22,294,745
88$36,170,614$11,962,096$8,452,145$24,114,601
89$39,761,439$12,449,660$8,636,714$26,103,863
90$43,715,422$12,958,011$8,824,361$28,279,195
91$48,069,509$13,488,067$9,015,091$30,658,938
92$52,864,410$14,040,793$9,208,907$33,263,275
93$58,144,981$14,617,194$9,405,808$36,114,422
94$63,960,656$15,218,323$9,605,789$39,236,833
95$70,365,904$15,845,281$9,808,843$42,657,427
96$77,420,746$16,499,221$10,014,960$46,405,837
97$85,191,325$17,181,345$10,224,124$50,514,689
98$93,750,523$17,892,913$10,436,314$55,019,900
99$103,178,654$18,635,244$10,651,509$59,961,020
100$113,564,220$19,409,714$10,869,677$65,381,594