Can I retire at age 68 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$660,633$654,748$649,007$643,403$637,931$632,586
2 years$327,046$320,955$315,052$309,328$303,777$298,390
3 years$215,865$209,748$203,859$198,190$192,728$187,466
4 years$160,285$154,187$148,357$142,785$137,456$132,359
5 years$126,946$120,884$115,131$109,672$104,492$99,575
6 years$104,727$98,711$93,043$87,706$82,681$77,951
7 years$88,863$82,897$77,319$72,108$67,241$62,701
8 years$76,970$71,058$65,573$60,489$55,783$51,431
9 years$67,725$61,869$56,478$51,524$46,978$42,813
10 years$60,333$54,535$49,239$44,414$40,027$36,047
11 years$54,289$48,549$43,349$38,653$34,425$30,627
12 years$49,256$43,575$38,471$33,904$29,832$26,212
13 years$45,001$39,379$34,371$29,932$26,014$22,569
14 years$41,357$35,794$30,883$26,571$22,804$19,529
15 years$38,201$32,699$27,883$23,696$20,078$16,969
16 years$35,443$30,001$25,280$21,217$17,745$14,796
17 years$33,012$27,629$23,004$19,064$15,734$12,941
18 years$30,853$25,531$21,000$17,180$13,990$11,347
19 years$28,924$23,662$19,224$15,524$12,470$9,971
20 years$27,189$21,988$17,643$14,060$11,138$8,780
21 years$25,622$20,481$16,228$12,760$9,967$7,743
22 years$24,200$19,118$14,957$11,602$8,934$6,839
23 years$22,903$17,881$13,810$10,566$8,020$6,048
24 years$21,716$16,753$12,772$9,637$7,208$5,354
25 years$20,625$15,722$11,829$8,801$6,487$4,744
26 years$19,620$14,776$10,971$8,047$5,843$4,208
27 years$18,691$13,906$10,188$7,366$5,268$3,735
28 years$17,830$13,103$9,471$6,749$4,753$3,317
29 years$17,030$12,362$8,813$6,189$4,292$2,948
30 years$16,285$11,674$8,209$5,680$3,878$2,621
31 years$15,589$11,036$7,653$5,216$3,506$2,332
32 years$14,937$10,442$7,141$4,794$3,172$2,075
33 years$14,327$9,889$6,667$4,408$2,870$1,847
34 years$13,753$9,373$6,229$4,056$2,599$1,645
35 years$13,214$8,890$5,824$3,734$2,354$1,465
36 years$12,706$8,438$5,448$3,439$2,133$1,306
37 years$12,226$8,014$5,100$3,168$1,933$1,164
38 years$11,773$7,616$4,775$2,920$1,752$1,037
39 years$11,344$7,242$4,474$2,693$1,589$925
40 years$10,937$6,890$4,194$2,484$1,441$825
41 years$10,552$6,559$3,932$2,291$1,308$735
42 years$10,185$6,246$3,689$2,115$1,187$656
43 years$9,837$5,952$3,461$1,952$1,077$585
44 years$9,505$5,673$3,249$1,803$977$522
45 years$9,189$5,410$3,051$1,665$887$466
46 years$8,888$5,161$2,865$1,538$806$416
47 years$8,600$4,925$2,692$1,421$732$371
48 years$8,325$4,702$2,530$1,313$664$331
49 years$8,062$4,490$2,378$1,213$603$295
50 years$7,811$4,289$2,235$1,121$548$264

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $8,000,000, adding $5,632 every year, while hoping to spend $57,732 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: 70/5/25 Blend
67$8,000,000$8,000,000$8,000,000$8,000,000
68$8,821,809$8,397,809$8,273,809$9,382,877
69$9,660,208$8,747,876$8,489,556$10,109,250
70$10,582,187$9,113,160$8,710,594$10,896,894
71$11,596,213$9,494,348$8,937,042$11,757,780
72$12,711,611$9,892,155$9,169,017$12,699,168
73$13,938,656$10,307,331$9,406,640$13,729,057
74$15,288,669$10,740,660$9,650,032$14,856,252
75$16,774,123$11,192,963$9,899,318$16,090,450
76$18,408,764$11,665,098$10,154,625$17,442,331
77$20,207,733$12,157,963$10,416,081$18,923,659
78$22,187,718$12,672,499$10,683,816$20,547,386
79$24,367,103$13,209,690$10,957,961$22,327,782
80$26,766,147$13,770,564$11,238,652$24,280,563
81$29,407,172$14,356,199$11,526,025$26,423,040
82$32,314,774$14,967,724$11,820,217$28,774,281
83$35,516,055$15,606,317$12,121,369$31,355,292
84$39,040,881$16,273,214$12,429,623$34,189,212
85$42,922,157$16,969,708$12,745,122$37,301,530
86$47,196,146$17,697,152$13,068,012$40,720,327
87$51,902,803$18,456,963$13,398,441$44,476,539
88$57,086,157$19,250,623$13,736,557$48,604,245
89$62,794,726$20,079,684$14,082,512$53,140,992
90$69,081,971$20,945,771$14,436,459$58,128,146
91$76,006,803$21,850,586$14,798,552$63,611,280
92$83,634,141$22,795,908$15,168,947$69,640,605
93$92,035,517$23,783,602$15,547,801$76,271,443
94$101,289,762$24,815,620$15,935,274$83,564,745
95$111,483,737$25,894,005$16,331,526$91,587,666
96$122,713,165$27,020,898$16,736,718$100,414,200
97$135,083,524$28,198,538$17,151,014$110,125,873
98$148,711,048$29,429,271$17,574,578$120,812,515
99$163,723,824$30,715,554$18,007,575$132,573,102
100$180,262,996$32,059,958$18,450,171$145,516,693