Can I retire at age 68 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$619,343$613,826$608,444$603,190$598,061$578,916
2 years$306,605$300,895$295,361$289,995$284,791$265,680
3 years$202,373$196,638$191,118$185,803$180,683$162,205
4 years$150,267$144,550$139,085$133,860$128,865$111,161
5 years$119,012$113,329$107,936$102,818$97,961$81,079
6 years$98,182$92,542$87,228$82,224$77,513$61,468
7 years$83,309$77,716$72,487$67,601$63,039$47,828
8 years$72,160$66,617$61,475$56,709$52,297$37,910
9 years$63,492$58,002$52,948$48,303$44,041$30,463
10 years$56,562$51,126$46,161$41,638$37,526$24,734
11 years$50,896$45,515$40,640$36,237$32,273$20,245
12 years$46,178$40,851$36,067$31,785$27,967$16,677
13 years$42,189$36,918$32,223$28,062$24,388$13,807
14 years$38,772$33,557$28,953$24,910$21,378$11,479
15 years$35,814$30,655$26,140$22,215$18,823$9,575
16 years$33,228$28,126$23,700$19,891$16,636$8,009
17 years$30,948$25,903$21,566$17,872$14,751$6,714
18 years$28,925$23,935$19,687$16,106$13,116$5,639
19 years$27,116$22,183$18,023$14,554$11,690$4,744
20 years$25,490$20,613$16,540$13,181$10,442$3,996
21 years$24,021$19,201$15,214$11,963$9,344$3,370
22 years$22,687$17,923$14,022$10,877$8,376$2,844
23 years$21,471$16,763$12,947$9,906$7,519$2,402
24 years$20,358$15,706$11,974$9,035$6,758$2,030
25 years$19,336$14,739$11,090$8,251$6,081$1,717
26 years$18,394$13,852$10,285$7,544$5,478$1,453
27 years$17,523$13,037$9,551$6,905$4,939$1,229
28 years$16,716$12,284$8,879$6,327$4,456$1,041
29 years$15,966$11,589$8,262$5,802$4,024$882
30 years$15,267$10,945$7,696$5,325$3,636$747
31 years$14,614$10,346$7,175$4,890$3,287$633
32 years$14,004$9,790$6,694$4,494$2,973$536
33 years$13,431$9,271$6,251$4,133$2,691$454
34 years$12,894$8,787$5,840$3,803$2,436$385
35 years$12,388$8,334$5,460$3,500$2,207$326
36 years$11,912$7,910$5,108$3,224$1,999$277
37 years$11,462$7,513$4,781$2,970$1,812$235
38 years$11,037$7,140$4,477$2,738$1,643$199
39 years$10,635$6,789$4,194$2,524$1,490$169
40 years$10,254$6,460$3,931$2,328$1,351$143
41 years$9,892$6,149$3,686$2,148$1,226$121
42 years$9,549$5,856$3,458$1,983$1,112$103
43 years$9,222$5,580$3,245$1,830$1,010$87
44 years$8,911$5,319$3,046$1,690$916$74
45 years$8,615$5,072$2,860$1,561$832$63
46 years$8,332$4,838$2,686$1,442$755$53
47 years$8,063$4,617$2,524$1,332$686$45
48 years$7,805$4,408$2,372$1,231$623$38
49 years$7,558$4,209$2,229$1,137$566$32
50 years$7,323$4,021$2,096$1,051$514$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $7,500,000, adding $6,627 every year, while hoping to spend $22,946 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: 74/11/15 Blend
67$7,500,000$7,500,000$7,500,000$7,500,000
68$8,271,836$7,874,336$7,758,086$8,856,246
69$9,091,149$8,235,764$7,993,567$9,605,275
70$9,993,262$8,614,133$8,236,168$10,422,266
71$10,986,598$9,010,249$8,486,103$11,316,833
72$12,080,437$9,424,956$8,743,593$12,296,677
73$13,285,002$9,859,140$9,008,864$13,370,273
74$14,611,563$10,313,728$9,282,151$14,546,953
75$16,072,534$10,789,693$9,563,696$15,836,991
76$17,681,599$11,288,054$9,853,746$17,251,701
77$19,453,832$11,809,879$10,152,557$18,803,541
78$21,405,848$12,356,288$10,460,392$20,506,228
79$23,555,953$12,928,454$10,777,523$22,374,868
80$25,924,319$13,527,608$11,104,230$24,426,098
81$28,533,178$14,155,038$11,440,799$26,678,238
82$31,407,024$14,812,097$11,787,528$29,151,468
83$34,572,851$15,500,201$12,144,721$31,868,010
84$38,060,406$16,220,835$12,512,693$34,852,341
85$41,902,466$16,975,555$12,891,768$38,131,423
86$46,135,154$17,765,993$13,282,278$41,734,951
87$50,798,273$18,593,859$13,684,567$45,695,636
88$55,935,685$19,460,948$14,098,989$50,049,508
89$61,595,728$20,369,137$14,525,908$54,836,257
90$67,831,665$21,320,397$14,965,699$60,099,606
91$74,702,192$22,316,794$15,418,747$65,887,719
92$82,271,992$23,360,493$15,885,451$72,253,653
93$90,612,342$24,453,764$16,366,220$79,255,860
94$99,801,789$25,598,986$16,861,477$86,958,734
95$109,926,889$26,798,654$17,371,654$95,433,214
96$121,083,027$28,055,384$17,897,200$104,757,456
97$133,375,314$29,371,916$18,438,574$115,017,564
98$146,919,582$30,751,126$18,996,253$126,308,402
99$161,843,475$32,196,027$19,570,723$138,734,485
100$178,287,655$33,709,778$20,162,487$152,410,963