Can I retire at age 68 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$586,311$581,089$575,993$571,020$566,164$554,506
2 years$290,253$284,847$279,608$274,529$269,602$257,910
3 years$191,580$186,151$180,925$175,893$171,047$159,685
4 years$142,253$136,841$131,667$126,721$121,992$111,048
5 years$112,665$107,285$102,179$97,334$92,736$82,242
6 years$92,945$87,606$82,576$77,839$73,379$63,345
7 years$78,866$73,571$68,621$63,996$59,677$50,105
8 years$68,311$63,064$58,196$53,684$49,508$40,396
9 years$60,106$54,909$50,124$45,727$41,693$33,034
10 years$53,546$48,399$43,699$39,417$35,524$27,311
11 years$48,182$43,087$38,472$34,305$30,552$22,773
12 years$43,715$38,673$34,143$30,090$26,476$19,120
13 years$39,939$34,949$30,505$26,565$23,087$16,142
14 years$36,704$31,768$27,409$23,581$20,238$13,690
15 years$33,904$29,020$24,746$21,030$17,819$11,654
16 years$31,456$26,625$22,436$18,830$15,749$9,952
17 years$29,298$24,521$20,416$16,919$13,964$8,521
18 years$27,382$22,659$18,637$15,247$12,416$7,312
19 years$25,670$21,000$17,061$13,777$11,067$6,286
20 years$24,131$19,514$15,658$12,478$9,885$5,413
21 years$22,740$18,177$14,402$11,325$8,846$4,667
22 years$21,477$16,967$13,274$10,297$7,929$4,029
23 years$20,326$15,869$12,256$9,377$7,118$3,481
24 years$19,273$14,868$11,335$8,553$6,398$3,011
25 years$18,305$13,953$10,498$7,811$5,757$2,606
26 years$17,413$13,114$9,737$7,142$5,186$2,257
27 years$16,589$12,341$9,041$6,537$4,675$1,955
28 years$15,824$11,629$8,405$5,989$4,218$1,695
29 years$15,114$10,971$7,822$5,492$3,809$1,470
30 years$14,453$10,361$7,286$5,041$3,442$1,275
31 years$13,835$9,794$6,792$4,629$3,112$1,107
32 years$13,257$9,268$6,337$4,255$2,815$961
33 years$12,715$8,777$5,917$3,912$2,547$834
34 years$12,206$8,318$5,529$3,600$2,306$724
35 years$11,728$7,890$5,169$3,314$2,089$629
36 years$11,276$7,488$4,835$3,052$1,893$547
37 years$10,851$7,112$4,526$2,812$1,715$475
38 years$10,448$6,759$4,238$2,592$1,555$413
39 years$10,068$6,427$3,971$2,390$1,410$359
40 years$9,707$6,115$3,722$2,204$1,279$312
41 years$9,364$5,821$3,490$2,034$1,161$271
42 years$9,039$5,544$3,274$1,877$1,053$235
43 years$8,730$5,282$3,072$1,733$956$205
44 years$8,436$5,035$2,883$1,600$867$178
45 years$8,155$4,801$2,707$1,477$788$155
46 years$7,888$4,580$2,543$1,365$715$134
47 years$7,633$4,371$2,389$1,261$649$117
48 years$7,389$4,173$2,245$1,165$590$102
49 years$7,155$3,985$2,110$1,077$536$88
50 years$6,932$3,806$1,984$995$486$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $7,100,000, adding $3,931 every year, while hoping to spend $44,594 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: 43/38/19 Blend
67$7,100,000$7,100,000$7,100,000$7,100,000
68$7,828,255$7,451,955$7,341,905$8,121,409
69$8,579,289$7,769,653$7,540,411$8,646,460
70$9,405,434$8,101,424$7,744,072$9,210,283
71$10,314,305$8,447,909$7,953,015$9,820,211
72$11,314,290$8,809,783$8,167,367$10,480,515
73$12,414,633$9,187,748$8,387,259$11,195,880
74$13,625,519$9,582,541$8,612,826$11,971,453
75$14,958,170$9,994,933$8,844,203$12,812,885
76$16,424,951$10,425,733$9,081,532$13,726,386
77$18,039,487$10,875,785$9,324,954$14,718,778
78$19,816,790$11,345,974$9,574,616$15,797,554
79$21,773,402$11,837,226$9,830,665$16,970,952
80$23,927,550$12,350,511$10,093,254$18,248,026
81$26,299,320$12,886,846$10,362,537$19,638,729
82$28,910,841$13,447,292$10,638,673$21,154,002
83$31,786,501$14,032,963$10,921,822$22,805,877
84$34,953,171$14,645,025$11,212,150$24,607,585
85$38,440,461$15,284,698$11,509,824$26,573,675
86$42,281,000$15,953,260$11,815,015$28,720,153
87$46,510,741$16,652,050$12,127,897$31,064,623
88$51,169,304$17,382,468$12,448,650$33,626,453
89$56,300,347$18,145,982$12,777,453$36,426,952
90$61,951,977$18,944,129$13,114,492$39,489,565
91$68,177,206$19,778,519$13,459,955$42,840,091
92$75,034,451$20,650,837$13,814,034$46,506,921
93$82,588,086$21,562,849$14,176,924$50,521,301
94$90,909,045$22,516,403$14,548,826$54,917,621
95$100,075,496$23,513,436$14,929,940$59,733,734
96$110,173,579$24,555,975$15,320,475$65,011,306
97$121,298,212$25,646,147$15,720,639$70,796,205
98$133,553,996$26,786,174$16,130,647$77,138,926
99$147,056,197$27,978,390$16,550,716$84,095,059
100$161,931,832$29,225,234$16,981,068$91,725,811