Can I retire at age 68 with 9,100,000?

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 $9,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$751,469$744,776$738,245$731,871$725,647$714,508
2 years$372,015$365,086$358,371$351,861$345,546$334,351
3 years$245,546$238,588$231,890$225,441$219,229$208,325
4 years$182,324$175,387$168,757$162,417$156,356$145,828
5 years$144,401$137,506$130,962$124,752$118,859$108,738
6 years$119,127$112,284$105,837$99,765$94,049$84,346
7 years$101,082$94,296$87,951$82,023$76,487$67,206
8 years$87,554$80,829$74,589$68,807$63,453$54,592
9 years$77,037$70,376$64,244$58,608$53,437$44,991
10 years$68,629$62,033$56,009$50,521$45,531$37,493
11 years$61,754$55,224$49,310$43,968$39,158$31,521
12 years$56,029$49,566$43,761$38,566$33,934$26,687
13 years$51,189$44,794$39,098$34,048$29,591$22,725
14 years$47,043$40,716$35,129$30,224$25,939$19,443
15 years$43,454$37,195$31,717$26,954$22,839$16,701
16 years$40,316$34,126$28,756$24,135$20,185$14,392
17 years$37,551$31,428$26,167$21,685$17,897$12,438
18 years$35,095$29,041$23,887$19,542$15,914$10,774
19 years$32,901$26,915$21,867$17,658$14,184$9,352
20 years$30,928$25,011$20,069$15,993$12,670$8,132
21 years$29,146$23,297$18,459$14,515$11,338$7,081
22 years$27,527$21,747$17,013$13,197$10,163$6,174
23 years$26,052$20,339$15,709$12,019$9,123$5,389
24 years$24,702$19,056$14,528$10,962$8,200$4,708
25 years$23,461$17,884$13,456$10,011$7,378$4,117
26 years$22,318$16,808$12,480$9,154$6,646$3,603
27 years$21,261$15,818$11,588$8,379$5,992$3,155
28 years$20,282$14,905$10,773$7,677$5,407$2,764
29 years$19,372$14,061$10,025$7,040$4,882$2,423
30 years$18,524$13,279$9,338$6,461$4,411$2,124
31 years$17,732$12,553$8,706$5,933$3,988$1,864
32 years$16,991$11,878$8,122$5,453$3,608$1,635
33 years$16,297$11,249$7,584$5,015$3,265$1,435
34 years$15,645$10,661$7,086$4,614$2,956$1,260
35 years$15,031$10,112$6,625$4,247$2,677$1,107
36 years$14,453$9,598$6,197$3,912$2,426$972
37 years$13,907$9,116$5,801$3,604$2,199$854
38 years$13,392$8,663$5,432$3,322$1,993$750
39 years$12,904$8,238$5,089$3,063$1,808$659
40 years$12,441$7,838$4,770$2,825$1,640$579
41 years$12,002$7,461$4,473$2,607$1,487$509
42 years$11,586$7,105$4,196$2,406$1,350$447
43 years$11,189$6,770$3,937$2,221$1,225$393
44 years$10,812$6,453$3,696$2,050$1,112$346
45 years$10,453$6,154$3,470$1,894$1,009$304
46 years$10,110$5,870$3,259$1,749$916$267
47 years$9,783$5,602$3,062$1,616$832$235
48 years$9,470$5,348$2,877$1,493$756$207
49 years$9,171$5,107$2,705$1,380$686$182
50 years$8,885$4,878$2,543$1,276$623$160

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $9,100,000, adding $3,611 every year, while hoping to spend $31,306 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: 60/33/7 Blend
67$9,100,000$9,100,000$9,100,000$9,100,000
68$10,031,925$9,549,625$9,408,575$10,619,269
69$11,021,872$9,984,247$9,690,453$11,447,619
70$12,111,744$10,439,117$9,980,724$12,346,789
71$13,311,701$10,915,192$10,279,638$13,326,714
72$14,632,937$11,413,480$10,587,448$14,395,165
73$16,087,788$11,935,031$10,904,419$15,560,681
74$17,689,846$12,480,951$11,230,820$16,832,651
75$19,454,088$13,052,396$11,566,931$18,221,399
76$21,397,019$13,650,577$11,913,037$19,738,277
77$23,536,826$14,276,766$12,269,435$21,395,773
78$25,893,548$14,932,294$12,636,427$23,207,619
79$28,489,269$15,618,555$13,014,326$25,188,922
80$31,348,322$16,337,012$13,403,454$27,356,302
81$34,497,524$17,089,198$13,804,142$29,728,043
82$37,966,421$17,876,719$14,216,730$32,324,264
83$41,787,575$18,701,258$14,641,570$35,167,103
84$45,996,868$19,564,579$15,079,023$38,280,919
85$50,633,838$20,468,533$15,529,459$41,692,525
86$55,742,055$21,415,056$15,993,262$45,431,428
87$61,369,532$22,406,182$16,470,824$49,530,105
88$67,569,179$23,444,039$16,962,551$54,024,307
89$74,399,298$24,530,860$17,468,860$58,953,386
90$81,924,139$25,668,984$17,990,178$64,360,665
91$90,214,500$26,860,864$18,526,949$70,293,838
92$99,348,403$28,109,070$19,079,625$76,805,415
93$109,411,822$29,416,297$19,648,675$83,953,209
94$120,499,502$30,785,369$20,234,579$91,800,878
95$132,715,846$32,219,247$20,837,833$100,418,514
96$146,175,908$33,721,036$21,458,945$109,883,303
97$161,006,472$35,293,987$22,098,441$120,280,238
98$177,347,252$36,941,514$22,756,860$131,702,919
99$195,352,214$38,667,189$23,434,756$144,254,425
100$215,191,021$40,474,763$24,132,702$158,048,276