Can I retire at age 68 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$776,243$769,329$762,583$755,999$749,569$733,835
2 years$384,279$377,122$370,186$363,461$356,938$341,160
3 years$253,641$246,453$239,535$232,873$226,456$211,127
4 years$188,335$181,169$174,320$167,772$161,510$146,748
5 years$149,162$142,039$135,279$128,865$122,778$108,624
6 years$123,055$115,985$109,326$103,054$97,150$83,620
7 years$104,414$97,404$90,850$84,727$79,009$66,105
8 years$90,440$83,494$77,048$71,075$65,545$53,264
9 years$79,577$72,696$66,362$60,540$55,199$43,531
10 years$70,892$64,078$57,856$52,186$47,032$35,967
11 years$63,790$57,045$50,935$45,418$40,449$29,972
12 years$57,876$51,201$45,204$39,837$35,052$25,148
13 years$52,876$46,270$40,386$35,170$30,566$21,217
14 years$48,594$42,058$36,287$31,220$26,794$17,982
15 years$44,887$38,421$32,763$27,843$23,592$15,297
16 years$41,646$35,251$29,704$24,930$20,850$13,054
17 years$38,789$32,465$27,030$22,400$18,487$11,169
18 years$36,252$29,999$24,675$20,187$16,438$9,577
19 years$33,985$27,802$22,588$18,240$14,652$8,227
20 years$31,948$25,835$20,730$16,520$13,087$7,079
21 years$30,106$24,065$19,068$14,993$11,712$6,099
22 years$28,435$22,463$17,574$13,632$10,498$5,261
23 years$26,911$21,010$16,227$12,415$9,423$4,542
24 years$25,516$19,685$15,007$11,323$8,470$3,925
25 years$24,235$18,473$13,899$10,341$7,622$3,395
26 years$23,054$17,362$12,891$9,455$6,865$2,938
27 years$21,962$16,339$11,970$8,655$6,190$2,543
28 years$20,951$15,397$11,128$7,930$5,585$2,203
29 years$20,010$14,525$10,356$7,272$5,043$1,909
30 years$19,134$13,717$9,646$6,674$4,557$1,655
31 years$18,317$12,967$8,993$6,129$4,120$1,435
32 years$17,551$12,270$8,390$5,633$3,727$1,245
33 years$16,834$11,620$7,834$5,180$3,373$1,080
34 years$16,160$11,013$7,320$4,766$3,054$937
35 years$15,527$10,445$6,843$4,387$2,766$813
36 years$14,929$9,914$6,402$4,041$2,506$706
37 years$14,366$9,416$5,992$3,723$2,271$613
38 years$13,833$8,949$5,611$3,431$2,059$532
39 years$13,329$8,509$5,257$3,164$1,867$462
40 years$12,851$8,096$4,927$2,918$1,694$401
41 years$12,398$7,707$4,620$2,692$1,536$348
42 years$11,968$7,340$4,334$2,485$1,394$302
43 years$11,558$6,993$4,067$2,294$1,265$263
44 years$11,169$6,666$3,818$2,118$1,149$228
45 years$10,797$6,357$3,585$1,956$1,043$198
46 years$10,443$6,064$3,367$1,807$947$172
47 years$10,105$5,787$3,163$1,669$860$149
48 years$9,782$5,524$2,972$1,542$781$130
49 years$9,473$5,275$2,794$1,425$709$113
50 years$9,178$5,039$2,627$1,318$644$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $9,400,000, adding $3,588 every year, while hoping to spend $41,530 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: 73/5/22 Blend
67$9,400,000$9,400,000$9,400,000$9,400,000
68$10,362,501$9,864,301$9,718,601$11,063,007
69$11,375,289$10,303,464$9,999,987$11,968,802
70$12,489,988$10,762,754$10,289,407$12,955,546
71$13,716,952$11,243,114$10,587,086$14,035,589
72$15,067,585$11,745,530$10,893,258$15,218,210
73$16,554,455$12,271,038$11,208,158$16,513,627
74$18,191,409$12,820,719$11,532,032$17,933,095
75$19,993,708$13,395,709$11,865,130$19,489,004
76$21,978,165$13,997,197$12,207,710$21,195,002
77$24,163,307$14,626,429$12,560,037$23,066,118
78$26,569,549$15,284,709$12,922,383$25,118,908
79$29,219,388$15,973,405$13,295,028$27,371,603
80$32,137,613$16,693,949$13,678,259$29,844,285
81$35,351,538$17,447,841$14,072,370$32,559,076
82$38,891,265$18,236,655$14,477,664$35,540,339
83$42,789,961$19,062,038$14,894,452$38,814,916
84$47,084,174$19,925,716$15,323,054$42,412,372
85$51,814,182$20,829,497$15,763,798$46,365,275
86$57,024,363$21,775,278$16,217,020$50,709,506
87$62,763,626$22,765,043$16,683,068$55,484,590
88$69,085,860$23,800,875$17,162,295$60,734,071
89$76,050,453$24,884,953$17,655,067$66,505,921
90$83,722,846$26,019,563$18,161,759$72,852,989
91$92,175,154$27,207,099$18,682,755$79,833,503
92$101,486,843$28,450,071$19,218,451$87,511,612
93$111,745,484$29,751,107$19,769,253$95,957,992
94$123,047,577$31,112,965$20,335,576$105,250,515
95$135,499,461$32,538,530$20,917,848$115,474,974
96$149,218,319$34,030,832$21,516,509$126,725,898
97$164,333,285$35,593,040$22,132,010$139,107,439
98$180,986,660$37,228,479$22,764,812$152,734,352
99$199,335,258$38,940,634$23,415,392$167,733,079
100$219,551,884$40,733,154$24,084,238$184,242,936