Can I retire at age 68 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$759,727$752,960$746,358$739,913$733,621$722,658
2 years$376,103$369,098$362,310$355,728$349,343$338,323
3 years$248,244$241,210$234,438$227,918$221,638$210,903
4 years$184,328$177,315$170,611$164,202$158,074$147,707
5 years$145,988$139,017$132,401$126,123$120,165$110,197
6 years$120,436$113,518$107,000$100,862$95,083$85,524
7 years$102,192$95,332$88,917$82,924$77,328$68,182
8 years$88,516$81,717$75,409$69,563$64,151$55,417
9 years$77,884$71,149$64,950$59,252$54,024$45,698
10 years$69,383$62,715$56,625$51,076$46,031$38,106
11 years$62,433$55,831$49,851$44,451$39,588$32,056
12 years$56,645$50,111$44,242$38,990$34,307$27,158
13 years$51,751$45,286$39,527$34,422$29,916$23,141
14 years$47,560$41,164$35,515$30,556$26,224$19,812
15 years$43,932$37,604$32,066$27,251$23,090$17,029
16 years$40,759$34,501$29,072$24,400$20,407$14,686
17 years$37,963$31,774$26,455$21,923$18,094$12,700
18 years$35,481$29,360$24,150$19,757$16,088$11,010
19 years$33,262$27,211$22,108$17,852$14,340$9,563
20 years$31,268$25,286$20,289$16,169$12,809$8,322
21 years$29,466$23,553$18,662$14,674$11,462$7,252
22 years$27,830$21,986$17,200$13,342$10,274$6,328
23 years$26,338$20,563$15,881$12,151$9,223$5,528
24 years$24,973$19,266$14,688$11,082$8,290$4,833
25 years$23,719$18,080$13,604$10,121$7,460$4,230
26 years$22,563$16,992$12,617$9,254$6,719$3,704
27 years$21,495$15,992$11,716$8,471$6,058$3,246
28 years$20,505$15,069$10,891$7,761$5,466$2,846
29 years$19,585$14,216$10,135$7,117$4,936$2,497
30 years$18,727$13,425$9,441$6,532$4,460$2,191
31 years$17,927$12,691$8,801$5,999$4,032$1,924
32 years$17,178$12,009$8,212$5,513$3,647$1,690
33 years$16,476$11,372$7,667$5,070$3,301$1,484
34 years$15,817$10,778$7,164$4,664$2,989$1,304
35 years$15,196$10,223$6,698$4,294$2,707$1,146
36 years$14,612$9,703$6,266$3,955$2,453$1,008
37 years$14,060$9,216$5,864$3,644$2,223$886
38 years$13,539$8,758$5,492$3,358$2,015$779
39 years$13,045$8,328$5,145$3,097$1,827$685
40 years$12,578$7,924$4,823$2,856$1,658$603
41 years$12,134$7,543$4,522$2,635$1,504$530
42 years$11,713$7,183$4,242$2,432$1,365$466
43 years$11,312$6,844$3,980$2,245$1,238$410
44 years$10,931$6,524$3,736$2,073$1,124$361
45 years$10,568$6,221$3,508$1,914$1,020$318
46 years$10,221$5,935$3,295$1,768$927$279
47 years$9,890$5,664$3,096$1,634$841$246
48 years$9,574$5,407$2,909$1,510$764$216
49 years$9,272$5,163$2,734$1,395$694$190
50 years$8,982$4,932$2,571$1,290$630$168

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $9,200,000, adding $3,342 every year, while hoping to spend $44,128 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: 37/38/25 Blend
67$9,200,000$9,200,000$9,200,000$9,200,000
68$10,141,847$9,654,247$9,511,647$10,440,962
69$11,129,364$10,080,354$9,783,336$11,086,926
70$12,216,128$10,525,860$10,062,647$11,779,894
71$13,412,217$10,991,671$10,349,789$12,527,558
72$14,728,733$11,478,733$10,644,977$13,334,878
73$16,177,910$11,988,037$10,948,430$14,207,294
74$17,773,230$12,520,624$11,260,375$15,150,776
75$19,529,545$13,077,579$11,581,043$16,171,874
76$21,463,222$13,660,045$11,910,672$17,277,777
77$23,592,297$14,269,213$12,249,506$18,476,378
78$25,936,642$14,906,336$12,597,795$19,776,343
79$28,518,155$15,572,722$12,955,797$21,187,190
80$31,360,966$16,269,744$13,323,775$22,719,371
81$34,491,663$16,998,840$13,702,000$24,384,372
82$37,939,546$17,761,516$14,090,750$26,194,812
83$41,736,899$18,559,350$14,490,309$28,164,557
84$45,919,298$19,393,994$14,900,971$30,308,847
85$50,525,948$20,267,181$15,323,034$32,644,435
86$55,600,047$21,180,725$15,756,808$35,189,738
87$61,189,198$22,136,526$16,202,607$37,965,006
88$67,345,857$23,136,578$16,660,756$40,992,504
89$74,127,830$24,182,965$17,131,587$44,296,720
90$81,598,814$25,277,876$17,615,440$47,904,586
91$89,829,001$26,423,600$18,112,666$51,845,726
92$98,895,742$27,622,539$18,623,623$56,152,728
93$108,884,272$28,877,208$19,148,678$60,861,443
94$119,888,518$30,190,242$19,688,210$66,011,320
95$132,011,987$31,564,403$20,242,604$71,645,760
96$145,368,736$33,002,586$20,812,258$77,812,529
97$160,084,458$34,507,823$21,397,579$84,564,188
98$176,297,658$36,083,291$21,998,984$91,958,587
99$194,160,969$37,732,323$22,616,899$100,059,400
100$213,842,587$39,458,406$23,251,765$108,936,711