Can I retire at age 68 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$668,890$662,932$657,119$651,446$645,905$627,241
2 years$331,134$324,967$318,990$313,195$307,574$288,918
3 years$218,563$212,369$206,408$200,667$195,138$177,075
4 years$162,289$156,114$150,212$144,569$139,174$121,842
5 years$128,533$122,395$116,571$111,043$105,798$89,245
6 years$106,036$99,945$94,206$88,802$83,714$67,956
7 years$89,974$83,934$78,286$73,009$68,082$53,118
8 years$77,932$71,947$66,393$61,245$56,481$42,302
9 years$68,572$62,642$57,184$52,168$47,565$34,157
10 years$61,087$55,216$49,854$44,969$40,528$27,873
11 years$54,968$49,156$43,891$39,136$34,855$22,933
12 years$49,872$44,120$38,952$34,328$30,205$18,991
13 years$45,564$39,871$34,801$30,306$26,339$15,809
14 years$41,874$36,242$31,269$26,903$23,089$13,216
15 years$38,679$33,108$28,232$23,992$20,329$11,087
16 years$35,886$30,376$25,596$21,483$17,967$9,327
17 years$33,424$27,975$23,291$19,302$15,931$7,865
18 years$31,239$25,850$21,262$17,395$14,165$6,645
19 years$29,285$23,957$19,464$15,718$12,625$5,624
20 years$27,529$22,262$17,863$14,236$11,277$4,766
21 years$25,943$20,737$16,431$12,920$10,092$4,044
22 years$24,502$19,357$15,144$11,747$9,046$3,435
23 years$23,189$18,104$13,983$10,698$8,120$2,919
24 years$21,987$16,962$12,931$9,757$7,299$2,483
25 years$20,883$15,918$11,977$8,911$6,568$2,113
26 years$19,866$14,961$11,108$8,148$5,916$1,800
27 years$18,925$14,080$10,315$7,458$5,334$1,533
28 years$18,053$13,267$9,589$6,833$4,813$1,306
29 years$17,243$12,516$8,923$6,266$4,346$1,114
30 years$16,488$11,820$8,312$5,751$3,927$950
31 years$15,783$11,174$7,749$5,281$3,550$810
32 years$15,124$10,573$7,230$4,854$3,211$691
33 years$14,506$10,013$6,751$4,463$2,906$589
34 years$13,925$9,490$6,307$4,107$2,631$503
35 years$13,379$9,001$5,897$3,781$2,383$429
36 years$12,865$8,543$5,516$3,482$2,159$366
37 years$12,379$8,114$5,163$3,208$1,957$313
38 years$11,920$7,711$4,835$2,957$1,774$267
39 years$11,486$7,333$4,530$2,726$1,609$228
40 years$11,074$6,976$4,246$2,515$1,459$195
41 years$10,683$6,641$3,981$2,320$1,324$166
42 years$10,312$6,325$3,735$2,141$1,201$142
43 years$9,960$6,026$3,504$1,977$1,090$121
44 years$9,624$5,744$3,290$1,825$990$103
45 years$9,304$5,477$3,089$1,685$898$88
46 years$8,999$5,225$2,901$1,557$816$75
47 years$8,708$4,987$2,726$1,438$741$64
48 years$8,429$4,760$2,561$1,329$673$55
49 years$8,163$4,546$2,407$1,228$611$47
50 years$7,908$4,342$2,263$1,135$555$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $8,100,000, adding $2,758 every year, while hoping to spend $27,892 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: 75/19/6 Blend
67$8,100,000$8,100,000$8,100,000$8,100,000
68$8,929,045$8,499,745$8,374,195$9,592,974
69$9,810,131$8,886,556$8,625,054$10,416,698
70$10,780,152$9,291,385$8,883,381$11,315,209
71$11,848,152$9,715,087$9,149,398$12,298,939
72$13,024,093$10,158,556$9,423,333$13,376,315
73$14,318,954$10,622,728$9,705,418$14,556,614
74$15,744,832$11,108,587$9,995,894$15,850,045
75$17,315,058$11,617,161$10,295,010$17,267,845
76$19,044,322$12,149,530$10,603,021$18,822,386
77$20,948,809$12,706,823$10,920,188$20,527,288
78$23,046,355$13,290,225$11,246,782$22,397,545
79$25,356,615$13,900,978$11,583,081$24,449,667
80$27,901,247$14,540,383$11,929,372$26,701,831
81$30,704,117$15,209,805$12,285,948$29,174,052
82$33,791,523$15,910,671$12,653,114$31,888,370
83$37,192,446$16,644,481$13,031,180$34,869,055
84$40,938,819$17,412,805$13,420,469$38,142,834
85$45,065,834$18,217,288$13,821,310$41,739,140
86$49,612,269$19,059,655$14,234,044$45,690,389
87$54,620,857$19,941,714$14,659,021$50,032,282
88$60,138,687$20,865,361$15,096,600$54,804,138
89$66,217,650$21,832,581$15,547,154$60,049,265
90$72,914,930$22,845,456$16,011,063$65,815,362
91$80,293,539$23,906,170$16,488,719$72,154,970
92$88,422,916$25,017,009$16,980,528$79,125,961
93$97,379,582$26,180,371$17,486,904$86,792,084
94$107,247,861$27,398,770$18,008,277$95,223,558
95$118,120,674$28,674,841$18,545,085$104,497,737
96$130,100,420$30,011,345$19,097,783$114,699,833
97$143,299,940$31,411,179$19,666,836$125,923,714
98$157,843,584$32,877,377$20,252,725$138,272,790
99$173,868,382$34,413,120$20,855,943$151,860,982
100$191,525,338$36,021,745$21,476,999$166,813,791