Can I retire at age 68 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$627,601$622,011$616,556$611,233$606,035$599,706
2 years$310,694$304,907$299,299$293,862$288,588$282,214
3 years$205,072$199,260$193,666$188,280$183,092$176,872
4 years$152,271$146,477$140,940$135,645$130,583$124,564
5 years$120,599$114,840$109,375$104,189$99,267$93,467
6 years$99,491$93,775$88,391$83,320$78,547$72,972
7 years$84,420$78,753$73,453$68,502$63,879$58,533
8 years$73,122$67,505$62,294$57,465$52,994$47,876
9 years$64,339$58,776$53,654$48,947$44,629$39,737
10 years$57,317$51,808$46,777$42,193$38,026$33,357
11 years$51,575$46,121$41,182$36,721$32,704$28,254
12 years$46,794$41,396$36,548$32,209$28,340$24,105
13 years$42,751$37,410$32,653$28,436$24,713$20,687
14 years$39,289$34,005$29,339$25,242$21,663$17,842
15 years$36,291$31,064$26,489$22,511$19,074$15,451
16 years$33,671$28,501$24,016$20,157$16,858$13,426
17 years$31,361$26,248$21,854$18,110$14,947$11,702
18 years$29,310$24,254$19,950$16,321$13,290$10,224
19 years$27,477$22,479$18,263$14,748$11,846$8,953
20 years$25,830$20,888$16,761$13,357$10,581$7,854
21 years$24,341$19,457$15,417$12,122$9,469$6,901
22 years$22,990$18,162$14,209$11,022$8,488$6,072
23 years$21,758$16,987$13,119$10,038$7,619$5,349
24 years$20,630$15,915$12,133$9,155$6,848$4,717
25 years$19,594$14,936$11,238$8,361$6,162$4,164
26 years$18,639$14,037$10,422$7,645$5,551$3,679
27 years$17,757$13,211$9,678$6,997$5,004$3,252
28 years$16,939$12,448$8,997$6,411$4,516$2,877
29 years$16,179$11,744$8,373$5,879$4,077$2,546
30 years$15,470$11,091$7,799$5,396$3,684$2,255
31 years$14,809$10,484$7,271$4,955$3,331$1,998
32 years$14,190$9,920$6,784$4,554$3,013$1,771
33 years$13,610$9,395$6,334$4,188$2,727$1,570
34 years$13,066$8,904$5,918$3,853$2,469$1,392
35 years$12,553$8,445$5,533$3,547$2,236$1,235
36 years$12,071$8,016$5,176$3,267$2,026$1,096
37 years$11,615$7,613$4,845$3,010$1,836$972
38 years$11,184$7,235$4,537$2,774$1,665$863
39 years$10,777$6,880$4,250$2,558$1,510$766
40 years$10,390$6,546$3,984$2,359$1,369$680
41 years$10,024$6,231$3,736$2,177$1,242$604
42 years$9,676$5,934$3,504$2,009$1,127$536
43 years$9,345$5,654$3,288$1,855$1,023$476
44 years$9,030$5,389$3,087$1,712$929$423
45 years$8,730$5,139$2,898$1,581$843$376
46 years$8,443$4,903$2,722$1,461$765$334
47 years$8,170$4,679$2,557$1,350$695$297
48 years$7,909$4,466$2,403$1,247$631$264
49 years$7,659$4,265$2,259$1,153$573$234
50 years$7,420$4,074$2,124$1,065$521$208

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $7,600,000, adding $6,194 every year, while hoping to spend $41,329 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: 77/12/11 Blend
67$7,600,000$7,600,000$7,600,000$7,600,000
68$8,381,589$7,978,789$7,860,989$9,009,597
69$9,192,537$8,325,776$8,080,359$9,770,774
70$10,084,817$8,688,380$8,305,692$10,599,293
71$11,066,681$9,067,323$8,537,145$11,506,584
72$12,147,221$9,463,360$8,774,877$12,500,475
73$13,336,456$9,877,283$9,019,054$13,589,586
74$14,645,424$10,309,920$9,269,842$14,783,407
75$16,086,290$10,762,139$9,527,415$16,092,390
76$17,672,456$11,234,848$9,791,947$17,528,040
77$19,418,690$11,728,998$10,063,621$19,103,029
78$21,341,264$12,245,587$10,342,620$20,831,313
79$23,458,109$12,785,658$10,629,134$22,728,259
80$25,788,984$13,350,303$10,923,358$24,810,792
81$28,355,660$13,940,667$11,225,490$27,097,554
82$31,182,127$14,557,950$11,535,734$29,609,075
83$34,294,821$15,203,406$11,854,297$32,367,969
84$37,722,871$15,878,351$12,181,395$35,399,143
85$41,498,377$16,584,163$12,517,244$38,730,034
86$45,656,709$17,322,285$12,862,070$42,390,861
87$50,236,844$18,094,227$13,216,100$46,414,916
88$55,281,732$18,901,575$13,579,569$50,838,868
89$60,838,702$19,745,985$13,952,718$55,703,115
90$66,959,906$20,629,195$14,335,791$61,052,158
91$73,702,817$21,553,026$14,729,041$66,935,020
92$81,130,765$22,519,385$15,132,724$73,405,710
93$89,313,536$23,530,268$15,547,103$80,523,726
94$98,328,034$24,587,769$15,972,448$88,354,619
95$108,259,004$25,694,079$16,409,035$96,970,604
96$119,199,829$26,851,496$16,857,145$106,451,245
97$131,253,419$28,062,426$17,317,067$116,884,198
98$144,533,174$29,329,391$17,789,094$128,366,040
99$159,164,059$30,655,033$18,273,530$141,003,176
100$175,283,782$32,042,118$18,770,682$154,912,840