Can I retire at age 68 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$495,474$491,061$486,755$482,552$478,448$473,452
2 years$245,284$240,716$236,289$231,996$227,833$222,801
3 years$161,899$157,311$152,895$148,642$144,546$139,636
4 years$120,214$115,640$111,268$107,088$103,092$98,340
5 years$95,210$90,663$86,349$82,254$78,369$73,789
6 years$78,545$74,033$69,782$65,779$62,010$57,610
7 years$66,647$62,173$57,990$54,081$50,431$46,210
8 years$57,728$53,294$49,180$45,367$41,837$37,797
9 years$50,794$46,402$42,359$38,643$35,233$31,371
10 years$45,250$40,901$36,929$33,310$30,020$26,334
11 years$40,717$36,412$32,512$28,990$25,819$22,305
12 years$36,942$32,681$28,853$25,428$22,374$19,030
13 years$33,751$29,534$25,779$22,449$19,510$16,332
14 years$31,018$26,846$23,162$19,928$17,103$14,086
15 years$28,651$24,524$20,912$17,772$15,059$12,198
16 years$26,582$22,500$18,960$15,913$13,309$10,600
17 years$24,759$20,722$17,253$14,298$11,801$9,238
18 years$23,140$19,148$15,750$12,885$10,492$8,072
19 years$21,693$17,746$14,418$11,643$9,352$7,068
20 years$20,392$16,491$13,232$10,545$8,354$6,200
21 years$19,217$15,360$12,171$9,570$7,475$5,448
22 years$18,150$14,338$11,218$8,701$6,701$4,794
23 years$17,177$13,410$10,357$7,925$6,015$4,223
24 years$16,287$12,565$9,579$7,228$5,406$3,724
25 years$15,469$11,791$8,872$6,601$4,865$3,287
26 years$14,715$11,082$8,228$6,035$4,382$2,904
27 years$14,018$10,429$7,641$5,524$3,951$2,568
28 years$13,373$9,828$7,103$5,061$3,565$2,271
29 years$12,773$9,271$6,610$4,641$3,219$2,010
30 years$12,213$8,756$6,157$4,260$2,909$1,780
31 years$11,691$8,277$5,740$3,912$2,630$1,577
32 years$11,203$7,832$5,355$3,595$2,379$1,398
33 years$10,745$7,417$5,000$3,306$2,153$1,239
34 years$10,315$7,029$4,672$3,042$1,949$1,099
35 years$9,911$6,667$4,368$2,800$1,765$975
36 years$9,529$6,328$4,086$2,579$1,599$865
37 years$9,170$6,010$3,825$2,376$1,450$768
38 years$8,830$5,712$3,582$2,190$1,314$681
39 years$8,508$5,432$3,356$2,020$1,192$605
40 years$8,203$5,168$3,145$1,863$1,081$537
41 years$7,914$4,919$2,949$1,719$981$477
42 years$7,639$4,685$2,766$1,586$890$424
43 years$7,378$4,464$2,596$1,464$808$376
44 years$7,129$4,255$2,437$1,352$733$334
45 years$6,892$4,057$2,288$1,248$666$297
46 years$6,666$3,871$2,149$1,153$604$264
47 years$6,450$3,694$2,019$1,065$549$234
48 years$6,244$3,526$1,897$985$498$208
49 years$6,047$3,367$1,783$910$453$185
50 years$5,858$3,217$1,677$841$411$164

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $6,000,000, adding $3,746 every year, while hoping to spend $43,977 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: 57/29/14 Blend
67$6,000,000$6,000,000$6,000,000$6,000,000
68$6,615,864$6,297,864$6,204,864$6,969,046
69$7,243,891$6,559,668$6,365,936$7,470,386
70$7,934,503$6,832,827$6,530,929$8,011,271
71$8,694,037$7,117,850$6,699,930$8,599,642
72$9,529,475$7,415,271$6,873,024$9,240,058
73$10,448,510$7,725,648$7,050,299$9,937,535
74$11,459,618$8,049,564$7,231,844$10,697,587
75$12,572,138$8,387,632$7,417,750$11,526,280
76$13,796,359$8,740,490$7,608,108$12,430,285
77$15,143,620$9,108,806$7,803,012$13,416,941
78$16,626,412$9,493,280$8,002,556$14,494,321
79$18,258,501$9,894,646$8,206,836$15,671,308
80$20,055,053$10,313,669$8,415,950$16,957,676
81$22,032,780$10,751,150$8,629,996$18,364,182
82$24,210,097$11,207,930$8,849,074$19,902,662
83$26,607,295$11,684,886$9,073,286$21,586,144
84$29,246,731$12,182,937$9,302,733$23,428,965
85$32,153,042$12,703,046$9,537,520$25,446,910
86$35,353,377$13,246,219$9,777,751$27,657,353
87$38,877,648$13,813,511$10,023,532$30,079,419
88$42,758,819$14,406,024$10,274,972$32,734,165
89$47,033,213$15,024,913$10,532,177$35,644,775
90$51,740,854$15,671,388$10,795,259$38,836,773
91$56,925,848$16,346,712$11,064,326$42,338,264
92$62,636,794$17,052,211$11,339,491$46,180,197
93$68,927,250$17,789,272$11,620,867$50,396,649
94$75,856,229$18,559,346$11,908,566$55,025,148
95$83,488,764$19,363,953$12,202,702$60,107,023
96$91,896,516$20,204,685$12,503,390$65,687,788
97$101,158,453$21,083,208$12,810,747$71,817,571
98$111,361,596$22,001,265$13,124,887$78,551,579
99$122,601,836$22,960,684$13,445,928$85,950,619
100$134,984,843$23,963,378$13,773,987$94,081,665