Can I retire at age 68 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$718,438$712,038$705,795$699,701$693,750$679,743
2 years$355,662$349,038$342,619$336,395$330,357$316,307
3 years$234,753$228,100$221,697$215,531$209,592$195,936
4 years$174,310$167,678$161,339$155,278$149,483$136,327
5 years$138,054$131,462$125,205$119,269$113,635$101,016
6 years$113,891$107,348$101,185$95,380$89,915$77,848
7 years$96,638$90,151$84,085$78,417$73,125$61,612
8 years$83,705$77,276$71,311$65,782$60,664$49,701
9 years$73,651$67,283$61,420$56,032$51,088$40,668
10 years$65,612$59,306$53,547$48,300$43,530$33,643
11 years$59,040$52,797$47,142$42,035$37,437$28,071
12 years$53,566$47,388$41,837$36,871$32,442$23,583
13 years$48,939$42,825$37,379$32,551$28,290$19,923
14 years$44,976$38,926$33,585$28,895$24,799$16,908
15 years$41,544$35,560$30,323$25,770$21,835$14,404
16 years$38,544$32,626$27,492$23,074$19,298$12,309
17 years$35,900$30,047$25,017$20,732$17,111$10,547
18 years$33,553$27,765$22,837$18,683$15,214$9,057
19 years$31,454$25,732$20,906$16,882$13,561$7,792
20 years$29,569$23,911$19,187$15,290$12,113$6,714
21 years$27,864$22,273$17,648$13,877$10,839$5,794
22 years$26,317$20,791$16,265$12,617$9,716$5,005
23 years$24,907$19,445$15,018$11,491$8,722$4,329
24 years$23,616$18,219$13,889$10,480$7,839$3,746
25 years$22,430$17,097$12,864$9,571$7,054$3,245
26 years$21,337$16,069$11,931$8,751$6,354$2,813
27 years$20,327$15,123$11,079$8,010$5,729$2,439
28 years$19,390$14,250$10,299$7,339$5,169$2,116
29 years$18,520$13,443$9,584$6,730$4,668$1,837
30 years$17,709$12,696$8,928$6,177$4,217$1,595
31 years$16,953$12,002$8,323$5,673$3,813$1,385
32 years$16,244$11,356$7,765$5,213$3,449$1,203
33 years$15,580$10,754$7,251$4,794$3,121$1,046
34 years$14,957$10,193$6,775$4,411$2,826$909
35 years$14,370$9,668$6,334$4,061$2,560$790
36 years$13,818$9,176$5,925$3,740$2,319$687
37 years$13,296$8,715$5,546$3,446$2,102$597
38 years$12,803$8,282$5,193$3,176$1,906$520
39 years$12,336$7,876$4,866$2,928$1,728$452
40 years$11,894$7,493$4,561$2,701$1,567$393
41 years$11,475$7,133$4,276$2,492$1,422$342
42 years$11,076$6,793$4,011$2,300$1,290$297
43 years$10,697$6,472$3,764$2,123$1,171$259
44 years$10,337$6,169$3,533$1,960$1,063$225
45 years$9,993$5,883$3,318$1,810$965$196
46 years$9,665$5,612$3,116$1,672$876$170
47 years$9,353$5,356$2,927$1,545$796$148
48 years$9,054$5,113$2,751$1,428$723$129
49 years$8,768$4,883$2,586$1,319$656$112
50 years$8,494$4,664$2,431$1,219$596$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $8,700,000, adding $2,926 every year, while hoping to spend $58,741 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: 38/45/17 Blend
67$8,700,000$8,700,000$8,700,000$8,700,000
68$9,590,418$9,129,318$8,994,468$9,905,661
69$10,506,141$9,514,155$9,233,283$10,517,107
70$11,513,299$9,915,880$9,478,129$11,171,647
71$12,621,155$10,335,258$9,729,147$11,877,779
72$13,839,919$10,773,092$9,986,479$12,640,179
73$15,180,836$11,230,218$10,250,271$13,463,978
74$16,656,297$11,707,515$10,520,672$14,354,807
75$18,279,957$12,205,901$10,797,831$15,318,842
76$20,066,859$12,726,336$11,081,905$16,362,864
77$22,033,578$13,269,826$11,373,048$17,494,317
78$24,198,380$13,837,424$11,671,422$18,721,375
79$26,581,388$14,430,232$11,977,189$20,053,013
80$29,204,779$15,049,403$12,290,514$21,499,092
81$32,092,987$15,696,144$12,611,566$23,070,444
82$35,272,935$16,371,718$12,940,518$24,778,969
83$38,774,292$17,077,450$13,277,542$26,637,747
84$42,629,748$17,814,723$13,622,818$28,661,153
85$46,875,326$18,584,988$13,976,526$30,864,988
86$51,550,719$19,389,762$14,338,849$33,266,622
87$56,699,666$20,230,634$14,709,974$35,885,156
88$62,370,365$21,109,269$15,090,092$38,741,591
89$68,615,927$22,027,407$15,479,394$41,859,024
90$75,494,875$22,986,874$15,878,078$45,262,859
91$83,071,700$23,989,578$16,286,341$48,981,038
92$91,417,466$25,037,520$16,704,386$53,044,299
93$100,610,482$26,132,793$17,132,417$57,486,460
94$110,737,041$27,277,590$17,570,644$62,344,730
95$121,892,235$28,474,208$18,019,276$67,660,049
96$134,180,849$29,725,050$18,478,528$73,477,470
97$147,718,353$31,032,635$18,948,616$79,846,576
98$162,631,991$32,399,600$19,429,760$86,821,933
99$179,061,981$33,828,707$19,922,184$94,463,604
100$197,162,837$35,322,848$20,426,112$102,837,697