Can I retire at age 68 with 6,500,000?

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$536,764$531,983$527,318$522,765$518,319$513,333
2 years$265,725$260,776$255,980$251,329$246,819$241,796
3 years$175,390$170,420$165,636$161,029$156,592$151,689
4 years$130,232$125,277$120,540$116,012$111,683$106,936
5 years$103,144$98,218$93,544$89,109$84,899$80,324
6 years$85,091$80,203$75,598$71,261$67,178$62,779
7 years$72,201$67,354$62,822$58,588$54,634$50,413
8 years$62,538$57,735$53,278$49,148$45,324$41,281
9 years$55,027$50,269$45,888$41,863$38,169$34,303
10 years$49,021$44,309$40,007$36,086$32,522$28,830
11 years$44,110$39,446$35,221$31,406$27,970$24,450
12 years$40,021$35,405$31,258$27,547$24,238$20,886
13 years$36,563$31,995$27,927$24,320$21,136$17,948
14 years$33,602$29,083$25,092$21,589$18,528$15,500
15 years$31,039$26,568$22,655$19,253$16,313$13,441
16 years$28,797$24,375$20,540$17,239$14,418$11,696
17 years$26,822$22,449$18,691$15,489$12,784$10,208
18 years$25,068$20,744$17,062$13,959$11,367$8,932
19 years$23,500$19,225$15,620$12,613$10,132$7,832
20 years$22,091$17,865$14,335$11,424$9,050$6,881
21 years$20,818$16,640$13,185$10,368$8,098$6,055
22 years$19,662$15,533$12,152$9,427$7,259$5,336
23 years$18,609$14,528$11,221$8,585$6,516$4,708
24 years$17,644$13,612$10,377$7,830$5,857$4,158
25 years$16,758$12,774$9,611$7,151$5,270$3,676
26 years$15,941$12,005$8,914$6,538$4,747$3,253
27 years$15,187$11,299$8,277$5,985$4,280$2,880
28 years$14,487$10,647$7,695$5,483$3,862$2,552
29 years$13,837$10,044$7,161$5,028$3,487$2,262
30 years$13,231$9,485$6,670$4,615$3,151$2,007
31 years$12,666$8,967$6,218$4,238$2,849$1,781
32 years$12,137$8,484$5,802$3,895$2,577$1,581
33 years$11,641$8,035$5,417$3,582$2,332$1,404
34 years$11,175$7,615$5,061$3,296$2,111$1,247
35 years$10,736$7,223$4,732$3,034$1,912$1,108
36 years$10,324$6,856$4,427$2,794$1,733$985
37 years$9,934$6,511$4,143$2,574$1,570$875
38 years$9,565$6,188$3,880$2,373$1,424$778
39 years$9,217$5,884$3,635$2,188$1,291$692
40 years$8,887$5,598$3,407$2,018$1,171$616
41 years$8,573$5,329$3,195$1,862$1,062$548
42 years$8,275$5,075$2,997$1,718$964$487
43 years$7,992$4,836$2,812$1,586$875$433
44 years$7,723$4,609$2,640$1,465$794$386
45 years$7,466$4,395$2,479$1,353$721$343
46 years$7,221$4,193$2,328$1,249$655$305
47 years$6,988$4,002$2,187$1,154$594$272
48 years$6,764$3,820$2,055$1,067$540$242
49 years$6,551$3,648$1,932$986$490$215
50 years$6,346$3,485$1,816$911$445$192

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $6,500,000, adding $4,272 every year, while hoping to spend $34,957 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: 72/11/17 Blend
67$6,500,000$6,500,000$6,500,000$6,500,000
68$7,167,407$6,822,907$6,722,157$7,654,879
69$7,861,288$7,120,035$6,910,155$8,276,265
70$8,624,774$7,430,551$7,103,279$8,951,905
71$9,464,927$7,755,074$7,301,665$9,690,920
72$10,389,529$8,094,252$7,505,450$10,499,584
73$11,407,154$8,448,764$7,714,776$11,384,802
74$12,527,251$8,819,320$7,929,788$12,354,179
75$13,760,229$9,206,666$8,150,635$13,416,086
76$15,117,560$9,611,580$8,377,469$14,579,743
77$16,611,884$10,034,880$8,610,447$15,855,299
78$18,257,126$10,477,419$8,849,727$17,253,932
79$20,068,635$10,940,095$9,095,475$18,787,951
80$22,063,320$11,423,843$9,347,857$20,470,911
81$24,259,814$11,929,648$9,607,046$22,317,740
82$26,678,651$12,458,537$9,873,219$24,344,880
83$29,342,457$13,011,588$10,146,554$26,570,438
84$32,276,161$13,589,930$10,427,238$29,014,359
85$35,507,239$14,194,745$10,715,459$31,698,611
86$39,065,961$14,827,272$11,011,411$34,647,391
87$42,985,688$15,488,807$11,315,293$37,887,352
88$47,303,180$16,180,710$11,627,307$41,447,854
89$52,058,944$16,904,405$11,947,661$45,361,238
90$57,297,618$17,661,382$12,276,569$49,663,130
91$63,068,388$18,453,203$12,614,248$54,392,777
92$69,425,460$19,281,506$12,960,921$59,593,415
93$76,428,562$20,148,005$13,316,817$65,312,672
94$84,143,514$21,054,496$13,682,169$71,603,023
95$92,642,847$22,002,861$14,057,216$78,522,275
96$102,006,488$22,995,072$14,442,203$86,134,115
97$112,322,514$24,033,194$14,837,381$94,508,711
98$123,687,982$25,119,392$15,243,005$103,723,367
99$136,209,848$26,255,934$15,659,337$113,863,252
100$150,005,973$27,445,196$16,086,646$125,022,206