Can I retire at age 68 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$553,280$548,351$543,543$538,850$534,267$531,346
2 years$273,901$268,800$263,856$259,063$254,413$251,465
3 years$180,787$175,664$170,732$165,984$161,410$158,527
4 years$134,239$129,131$124,249$119,582$115,119$112,323
5 years$106,317$101,241$96,423$91,850$87,512$84,811
6 years$87,709$82,671$77,924$73,454$69,245$66,643
7 years$74,423$69,427$64,755$60,390$56,315$53,813
8 years$64,463$59,511$54,917$50,660$46,718$44,317
9 years$56,720$51,815$47,300$43,151$39,344$37,042
10 years$50,529$45,673$41,238$37,197$33,523$31,319
11 years$45,467$40,660$36,305$32,372$28,831$26,724
12 years$41,252$36,494$32,220$28,395$24,984$22,973
13 years$37,689$32,980$28,786$25,068$21,787$19,869
14 years$34,636$29,978$25,864$22,253$19,098$17,271
15 years$31,994$27,385$23,352$19,846$16,815$15,077
16 years$29,684$25,125$21,172$17,770$14,862$13,210
17 years$27,647$23,140$19,266$15,966$13,177$11,609
18 years$25,839$21,382$17,587$14,388$11,717$10,230
19 years$24,224$19,817$16,100$13,001$10,443$9,035
20 years$22,771$18,415$14,776$11,775$9,328$7,995
21 years$21,459$17,152$13,591$10,687$8,348$7,088
22 years$20,267$16,011$12,526$9,717$7,482$6,293
23 years$19,181$14,975$11,566$8,849$6,717$5,594
24 years$18,187$14,031$10,696$8,071$6,037$4,979
25 years$17,274$13,167$9,907$7,371$5,432$4,436
26 years$16,432$12,375$9,188$6,739$4,893$3,956
27 years$15,654$11,646$8,532$6,169$4,412$3,531
28 years$14,933$10,974$7,932$5,652$3,981$3,154
29 years$14,263$10,353$7,381$5,183$3,595$2,819
30 years$13,638$9,777$6,875$4,757$3,248$2,520
31 years$13,055$9,243$6,410$4,369$2,936$2,255
32 years$12,510$8,745$5,980$4,015$2,656$2,018
33 years$11,999$8,282$5,584$3,692$2,404$1,807
34 years$11,519$7,850$5,217$3,397$2,176$1,619
35 years$11,067$7,445$4,878$3,127$1,971$1,450
36 years$10,641$7,067$4,563$2,880$1,786$1,300
37 years$10,239$6,712$4,271$2,654$1,619$1,165
38 years$9,860$6,378$3,999$2,446$1,468$1,045
39 years$9,500$6,065$3,747$2,255$1,331$937
40 years$9,160$5,771$3,512$2,080$1,207$841
41 years$8,837$5,493$3,293$1,919$1,095$754
42 years$8,530$5,231$3,089$1,771$994$677
43 years$8,238$4,984$2,899$1,635$902$607
44 years$7,961$4,751$2,721$1,510$819$545
45 years$7,696$4,531$2,555$1,394$743$489
46 years$7,444$4,322$2,400$1,288$675$439
47 years$7,203$4,125$2,254$1,190$613$394
48 years$6,972$3,938$2,119$1,099$556$354
49 years$6,752$3,760$1,991$1,016$505$318
50 years$6,542$3,592$1,872$939$459$286

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $6,700,000, adding $3,460 every year, while hoping to spend $35,467 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: 69/19/12 Blend
67$6,700,000$6,700,000$6,700,000$6,700,000
68$7,386,969$7,031,869$6,928,019$7,877,339
69$8,102,703$7,338,694$7,122,371$8,510,284
70$8,890,254$7,659,365$7,322,045$9,197,897
71$9,756,908$7,994,522$7,527,182$9,949,228
72$10,710,696$8,344,837$7,737,927$10,770,533
73$11,760,467$8,711,014$7,954,426$11,668,700
74$12,915,968$9,093,787$8,176,833$12,651,306
75$14,187,942$9,493,928$8,405,302$13,726,692
76$15,588,225$9,912,244$8,639,993$14,904,041
77$17,129,861$10,349,580$8,881,070$16,193,457
78$18,827,220$10,806,823$9,128,699$17,606,066
79$20,696,138$11,284,899$9,383,052$19,154,116
80$22,754,065$11,784,780$9,644,305$20,851,090
81$25,020,228$12,307,483$9,912,638$22,711,834
82$27,515,816$12,854,073$10,188,235$24,752,694
83$30,264,174$13,425,668$10,471,286$26,991,668
84$33,291,030$14,023,436$10,761,985$29,448,576
85$36,624,732$14,648,602$11,060,528$32,145,242
86$40,296,520$15,302,448$11,367,121$35,105,701
87$44,340,816$15,986,319$11,681,970$38,356,421
88$48,795,552$16,701,622$12,005,290$41,926,553
89$53,702,529$17,449,832$12,337,298$45,848,201
90$59,107,807$18,232,494$12,678,217$50,156,724
91$65,062,144$19,051,226$13,028,278$54,891,070
92$71,621,471$19,907,725$13,387,714$60,094,134
93$78,847,424$20,803,766$13,756,765$65,813,167
94$86,807,922$21,741,211$14,135,677$72,100,214
95$95,577,809$22,722,010$14,524,702$79,012,607
96$105,239,563$23,748,205$14,924,096$86,613,498
97$115,884,069$24,821,938$15,334,124$94,972,455
98$127,611,482$25,945,451$15,755,055$104,166,113
99$140,532,169$27,121,094$16,187,165$114,278,897
100$154,767,752$28,351,329$16,630,737$125,403,812