Can I retire at age 68 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$767,985$761,144$754,470$747,956$741,595$728,710
2 years$380,191$373,110$366,248$359,594$353,141$340,201
3 years$250,943$243,832$236,987$230,396$224,047$211,455
4 years$186,331$179,242$172,466$165,987$159,792$147,646
5 years$147,575$140,528$133,840$127,494$121,471$109,806
6 years$121,745$114,752$108,163$101,958$96,116$84,944
7 years$103,303$96,368$89,884$83,825$78,168$67,492
8 years$89,478$82,605$76,229$70,319$64,848$54,667
9 years$78,730$71,923$65,656$59,896$54,611$44,918
10 years$70,137$63,396$57,240$51,631$46,532$37,319
11 years$63,111$56,438$50,393$44,934$40,019$31,276
12 years$57,261$50,656$44,723$39,414$34,679$26,395
13 years$52,314$45,778$39,957$34,796$30,241$22,402
14 years$48,077$41,611$35,901$30,888$26,509$19,103
15 years$44,409$38,012$32,414$27,547$23,341$16,352
16 years$41,203$34,876$29,388$24,665$20,629$14,043
17 years$38,376$32,119$26,742$22,162$18,291$12,093
18 years$35,867$29,680$24,412$19,972$16,263$10,437
19 years$33,624$27,507$22,348$18,046$14,496$9,026
20 years$31,608$25,561$20,510$16,344$12,948$7,819
21 years$29,786$23,809$18,865$14,834$11,587$6,783
22 years$28,132$22,225$17,387$13,487$10,386$5,892
23 years$26,625$20,786$16,054$12,283$9,323$5,123
24 years$25,245$19,475$14,847$11,203$8,380$4,458
25 years$23,977$18,277$13,752$10,231$7,541$3,883
26 years$22,809$17,177$12,754$9,355$6,792$3,385
27 years$21,729$16,166$11,843$8,563$6,124$2,952
28 years$20,728$15,233$11,010$7,845$5,526$2,576
29 years$19,797$14,370$10,245$7,194$4,990$2,248
30 years$18,931$13,571$9,543$6,603$4,508$1,963
31 years$18,122$12,829$8,897$6,064$4,076$1,715
32 years$17,365$12,139$8,301$5,573$3,687$1,499
33 years$16,655$11,496$7,751$5,125$3,337$1,310
34 years$15,988$10,896$7,242$4,715$3,021$1,145
35 years$15,361$10,334$6,771$4,341$2,736$1,002
36 years$14,771$9,809$6,334$3,998$2,479$876
37 years$14,213$9,316$5,928$3,683$2,247$766
38 years$13,686$8,854$5,551$3,395$2,037$670
39 years$13,187$8,419$5,201$3,130$1,847$587
40 years$12,715$8,010$4,875$2,887$1,676$513
41 years$12,266$7,625$4,571$2,664$1,520$449
42 years$11,840$7,261$4,288$2,458$1,379$393
43 years$11,435$6,919$4,024$2,269$1,252$344
44 years$11,050$6,595$3,777$2,095$1,136$301
45 years$10,682$6,289$3,546$1,935$1,032$264
46 years$10,332$5,999$3,331$1,788$937$231
47 years$9,998$5,725$3,129$1,651$850$202
48 years$9,678$5,466$2,941$1,526$772$177
49 years$9,372$5,219$2,764$1,410$701$155
50 years$9,080$4,986$2,599$1,304$637$136

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $9,300,000, adding $3,213 every year, while hoping to spend $33,235 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: 47/23/30 Blend
67$9,300,000$9,300,000$9,300,000$9,300,000
68$10,251,914$9,759,014$9,614,864$10,645,293
69$11,262,248$10,201,844$9,901,600$11,367,008
70$12,374,521$10,665,259$10,196,828$12,146,519
71$13,599,098$11,150,232$10,500,797$12,992,111
72$14,947,396$11,657,783$10,813,764$13,910,023
73$16,431,998$12,188,982$11,135,993$14,907,112
74$18,066,768$12,744,949$11,467,755$15,990,913
75$19,866,985$13,326,858$11,809,331$17,169,710
76$21,849,481$13,935,938$12,161,008$18,452,607
77$24,032,809$14,573,479$12,523,082$19,849,616
78$26,437,408$15,240,832$12,895,858$21,371,745
79$29,085,803$15,939,413$13,279,649$23,031,098
80$32,002,816$16,670,705$13,674,778$24,840,990
81$35,215,798$17,436,264$14,081,578$26,816,065
82$38,754,888$18,237,719$14,500,389$28,972,432
83$42,653,297$19,076,779$14,931,563$31,327,815
84$46,947,625$19,955,233$15,375,462$33,901,714
85$51,678,201$20,874,957$15,832,458$36,715,585
86$56,889,466$21,837,918$16,302,934$39,793,039
87$62,630,393$22,846,177$16,787,283$43,160,060
88$68,954,947$23,901,895$17,285,912$46,845,248
89$75,922,598$25,007,334$17,799,236$50,880,077
90$83,598,879$26,164,869$18,327,686$55,299,198
91$92,056,003$27,376,986$18,871,702$60,140,749
92$101,373,551$28,646,293$19,431,739$65,446,717
93$111,639,214$29,975,523$20,008,265$71,263,327
94$122,949,631$31,367,541$20,601,758$77,641,472
95$135,411,292$32,825,349$21,212,716$84,637,185
96$149,141,547$34,352,095$21,841,645$92,312,163
97$164,269,715$35,951,077$22,489,070$100,734,346
98$180,938,302$37,625,756$23,155,530$109,978,543
99$199,304,346$39,379,755$23,841,578$120,127,138
100$219,540,903$41,216,876$24,547,783$131,270,857