Can I retire at age 68 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$784,501$777,513$770,696$764,041$757,543$728,062
2 years$388,367$381,134$374,124$367,327$360,735$331,389
3 years$256,339$249,075$242,083$235,350$228,865$200,579
4 years$190,339$183,097$176,174$169,557$163,228$136,217
5 years$150,748$143,550$136,719$130,236$124,084$98,416
6 years$124,364$117,219$110,489$104,151$98,183$73,876
7 years$105,525$98,441$91,817$85,628$79,849$56,895
8 years$91,402$84,382$77,868$71,831$66,243$44,618
9 years$80,423$73,470$67,068$61,184$55,786$35,460
10 years$71,646$64,760$58,471$52,741$47,532$28,465
11 years$64,469$57,652$51,477$45,901$40,879$23,028
12 years$58,492$51,745$45,685$40,261$35,425$18,743
13 years$53,439$46,763$40,816$35,545$30,891$15,329
14 years$49,111$42,506$36,673$31,552$27,079$12,585
15 years$45,364$38,830$33,111$28,139$23,843$10,364
16 years$42,089$35,626$30,020$25,196$21,072$8,556
17 years$39,201$32,810$27,317$22,638$18,684$7,079
18 years$36,638$30,318$24,937$20,401$16,613$5,866
19 years$34,347$28,098$22,829$18,434$14,808$4,868
20 years$32,287$26,110$20,951$16,696$13,226$4,044
21 years$30,427$24,321$19,271$15,153$11,836$3,363
22 years$28,737$22,702$17,761$13,777$10,609$2,799
23 years$27,197$21,233$16,399$12,547$9,524$2,331
24 years$25,787$19,894$15,167$11,444$8,560$1,942
25 years$24,492$18,670$14,047$10,451$7,703$1,619
26 years$23,299$17,546$13,028$9,556$6,938$1,350
27 years$22,196$16,513$12,098$8,747$6,256$1,126
28 years$21,173$15,560$11,246$8,014$5,644$939
29 years$20,223$14,679$10,466$7,349$5,097$784
30 years$19,338$13,863$9,748$6,745$4,605$654
31 years$18,511$13,105$9,088$6,194$4,164$546
32 years$17,738$12,400$8,479$5,693$3,766$456
33 years$17,013$11,743$7,917$5,235$3,408$381
34 years$16,332$11,130$7,397$4,817$3,086$318
35 years$15,692$10,557$6,916$4,434$2,795$266
36 years$15,088$10,020$6,470$4,084$2,533$222
37 years$14,519$9,516$6,056$3,762$2,295$185
38 years$13,980$9,044$5,671$3,468$2,081$155
39 years$13,471$8,600$5,313$3,198$1,887$129
40 years$12,988$8,182$4,980$2,949$1,712$108
41 years$12,530$7,789$4,670$2,721$1,553$90
42 years$12,095$7,418$4,380$2,511$1,409$75
43 years$11,681$7,068$4,110$2,318$1,279$63
44 years$11,287$6,737$3,858$2,140$1,161$53
45 years$10,912$6,424$3,623$1,977$1,054$44
46 years$10,554$6,128$3,403$1,826$957$37
47 years$10,213$5,848$3,197$1,687$869$31
48 years$9,886$5,583$3,004$1,559$789$26
49 years$9,574$5,332$2,823$1,441$717$21
50 years$9,275$5,093$2,654$1,332$651$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $9,500,000, adding $3,148 every year, while hoping to spend $47,966 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: 73/21/6 Blend
67$9,500,000$9,500,000$9,500,000$9,500,000
68$10,472,247$9,968,747$9,821,497$11,229,269
69$11,489,381$10,406,180$10,099,482$12,165,822
70$12,608,655$10,863,440$10,385,171$13,184,817
71$13,840,436$11,341,447$10,678,773$14,299,387
72$15,196,149$11,841,166$10,980,500$15,518,945
73$16,688,380$12,363,607$11,290,571$16,853,854
74$18,330,998$12,909,828$11,609,209$18,315,519
75$20,139,287$13,480,936$11,936,644$19,916,491
76$22,130,084$14,078,092$12,273,112$21,670,588
77$24,321,946$14,702,511$12,618,854$23,593,018
78$26,735,317$15,355,467$12,974,118$25,700,527
79$29,392,726$16,038,292$13,339,158$28,011,547
80$32,318,999$16,752,383$13,714,235$30,546,372
81$35,541,491$17,499,204$14,099,616$33,327,349
82$39,090,344$18,280,286$14,495,574$36,379,080
83$42,998,775$19,097,236$14,902,391$39,728,657
84$47,303,383$19,951,734$15,320,355$43,405,913
85$52,044,502$20,845,543$15,749,761$47,443,700
86$57,266,575$21,780,508$16,190,911$51,878,197
87$63,018,575$22,758,562$16,644,116$56,749,246
88$69,354,470$23,781,732$17,109,694$62,100,729
89$76,333,728$24,852,139$17,587,971$67,980,972
90$84,021,881$25,972,006$18,079,281$74,443,205
91$92,491,142$27,143,664$18,583,966$81,546,054
92$101,821,088$28,369,552$19,102,378$89,354,095
93$112,099,407$29,652,229$19,634,875$97,938,457
94$123,422,730$30,994,372$20,181,828$107,377,489
95$135,897,542$32,398,789$20,743,612$117,757,494
96$149,641,183$33,868,422$21,320,616$129,173,542
97$164,782,963$35,406,353$21,913,235$141,730,359
98$181,465,372$37,015,812$22,521,875$155,543,312
99$199,845,436$38,700,183$23,146,954$170,739,492
100$220,096,190$40,463,011$23,788,896$187,458,908