Can I retire at age 68 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$602,827$597,458$592,219$587,105$582,112$578,444
2 years$298,429$292,871$287,485$282,262$277,196$273,496
3 years$196,977$191,395$186,022$180,848$175,865$172,247
4 years$146,260$140,695$135,376$130,291$125,428$121,921
5 years$115,838$110,307$105,057$100,076$95,349$91,962
6 years$95,564$90,074$84,902$80,031$75,446$72,185
7 years$81,087$75,644$70,554$65,798$61,358$58,223
8 years$70,235$64,841$59,835$55,197$50,902$47,895
9 years$61,799$56,456$51,536$47,015$42,867$39,985
10 years$55,054$49,763$44,930$40,528$36,525$33,768
11 years$49,539$44,301$39,556$35,271$31,413$28,778
12 years$44,947$39,762$35,105$30,938$27,221$24,708
13 years$41,064$35,933$31,364$27,313$23,738$21,342
14 years$37,738$32,662$28,181$24,246$20,808$18,528
15 years$34,859$29,838$25,443$21,623$18,321$16,153
16 years$32,342$27,376$23,068$19,361$16,192$14,133
17 years$30,123$25,212$20,991$17,396$14,357$12,403
18 years$28,153$23,297$19,162$15,677$12,766$10,914
19 years$26,393$21,591$17,542$14,165$11,378$9,626
20 years$24,810$20,064$16,099$12,830$10,163$8,506
21 years$23,381$18,689$14,808$11,644$9,095$7,529
22 years$22,082$17,445$13,648$10,587$8,153$6,675
23 years$20,899$16,316$12,602$9,642$7,318$5,925
24 years$19,816$15,287$11,654$8,794$6,578$5,266
25 years$18,821$14,346$10,794$8,031$5,919$4,684
26 years$17,904$13,483$10,011$7,343$5,332$4,171
27 years$17,056$12,689$9,296$6,721$4,807$3,717
28 years$16,270$11,957$8,642$6,158$4,337$3,314
29 years$15,540$11,280$8,042$5,647$3,916$2,957
30 years$14,860$10,653$7,491$5,183$3,539$2,640
31 years$14,225$10,070$6,984$4,760$3,199$2,358
32 years$13,630$9,529$6,516$4,374$2,894$2,107
33 years$13,073$9,024$6,084$4,023$2,619$1,884
34 years$12,550$8,552$5,684$3,701$2,371$1,685
35 years$12,058$8,112$5,314$3,407$2,148$1,507
36 years$11,594$7,699$4,972$3,138$1,946$1,348
37 years$11,156$7,313$4,653$2,891$1,764$1,207
38 years$10,743$6,950$4,358$2,665$1,599$1,080
39 years$10,351$6,608$4,083$2,457$1,450$967
40 years$9,980$6,287$3,827$2,266$1,315$866
41 years$9,628$5,985$3,588$2,091$1,193$776
42 years$9,294$5,700$3,366$1,930$1,083$695
43 years$8,976$5,431$3,158$1,781$983$623
44 years$8,673$5,177$2,965$1,645$892$558
45 years$8,385$4,936$2,784$1,519$810$500
46 years$8,110$4,709$2,615$1,403$735$448
47 years$7,848$4,494$2,456$1,296$668$401
48 years$7,597$4,290$2,308$1,198$606$360
49 years$7,357$4,097$2,170$1,107$551$323
50 years$7,127$3,913$2,040$1,023$500$289

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $7,300,000, adding $6,874 every year, while hoping to spend $20,235 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: 75/18/7 Blend
67$7,300,000$7,300,000$7,300,000$7,300,000
68$8,051,691$7,664,791$7,551,641$8,647,690
69$8,851,433$8,018,835$7,783,091$9,394,781
70$9,732,071$8,389,550$8,021,616$10,209,942
71$10,701,835$8,777,731$8,267,433$11,102,593
72$11,769,793$9,184,210$8,520,762$12,080,402
73$12,945,938$9,609,863$8,781,834$13,151,811
74$14,241,282$10,055,605$9,050,884$14,326,110
75$15,667,960$10,522,396$9,328,156$15,613,527
76$17,239,342$11,011,244$9,613,899$17,025,322
77$18,970,162$11,523,202$9,908,372$18,573,890
78$20,876,656$12,059,377$10,211,840$20,272,879
79$22,976,717$12,620,928$10,524,578$22,137,314
80$25,290,059$13,209,070$10,846,868$24,183,741
81$27,838,407$13,825,077$11,179,001$26,430,378
82$30,645,704$14,470,284$11,521,277$28,897,285
83$33,738,329$15,146,092$11,874,003$31,606,553
84$37,145,356$15,853,968$12,237,499$34,582,510
85$40,898,819$16,595,449$12,612,092$37,851,949
86$45,034,022$17,372,149$12,998,121$41,444,375
87$49,589,866$18,185,758$13,395,932$45,392,286
88$54,609,221$19,038,049$13,805,884$49,731,475
89$60,139,328$19,930,880$14,228,348$54,501,363
90$66,232,245$20,866,198$14,663,702$59,745,371
91$72,945,338$21,846,046$15,112,341$65,511,329
92$80,341,825$22,872,565$15,574,667$71,851,917
93$88,491,370$23,948,000$16,051,097$78,825,168
94$97,470,740$25,074,703$16,542,060$86,495,006
95$107,364,534$26,255,141$17,047,997$94,931,848
96$118,265,976$27,491,903$17,569,364$104,213,267
97$130,277,798$28,787,699$18,106,631$114,424,716
98$143,513,210$30,145,372$18,660,279$125,660,335
99$158,096,967$31,567,905$19,230,808$138,023,833
100$174,166,547$33,058,422$19,818,729$151,629,465