Can I retire at age 68 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$809,275$802,066$795,033$788,169$781,466$768,520
2 years$400,631$393,170$385,938$378,927$372,127$359,121
3 years$264,434$256,941$249,728$242,782$236,092$223,433
4 years$196,349$188,879$181,738$174,911$168,383$156,167
5 years$155,509$148,083$141,036$134,348$128,002$116,264
6 years$128,291$120,921$113,978$107,440$101,284$90,038
7 years$108,857$101,549$94,716$88,332$82,371$71,620
8 years$94,288$87,047$80,327$74,099$68,335$58,077
9 years$82,963$75,790$69,186$63,116$57,548$47,778
10 years$73,908$66,805$60,318$54,407$49,033$39,743
11 years$66,505$59,472$53,103$47,350$42,170$33,349
12 years$60,339$53,379$47,127$41,533$36,544$28,181
13 years$55,126$48,239$42,105$36,667$31,867$23,950
14 years$50,662$43,848$37,832$32,549$27,934$20,450
15 years$46,797$40,056$34,157$29,028$24,596$17,529
16 years$43,418$36,751$30,968$25,991$21,738$15,075
17 years$40,439$33,846$28,180$23,353$19,274$13,000
18 years$37,795$31,275$25,725$21,046$17,138$11,237
19 years$35,431$28,986$23,550$19,017$15,275$9,732
20 years$33,307$26,935$21,613$17,223$13,644$8,443
21 years$31,388$25,089$19,879$15,631$12,210$7,335
22 years$29,645$23,419$18,322$14,212$10,944$6,381
23 years$28,056$21,904$16,917$12,943$9,824$5,557
24 years$26,602$20,522$15,645$11,805$8,830$4,844
25 years$25,266$19,259$14,491$10,781$7,946$4,226
26 years$24,035$18,101$13,440$9,858$7,157$3,689
27 years$22,897$17,035$12,480$9,023$6,453$3,222
28 years$21,842$16,052$11,602$8,267$5,823$2,816
29 years$20,862$15,143$10,796$7,581$5,258$2,462
30 years$19,949$14,301$10,056$6,958$4,751$2,154
31 years$19,096$13,519$9,375$6,390$4,295$1,885
32 years$18,298$12,792$8,747$5,872$3,885$1,650
33 years$17,550$12,114$8,167$5,400$3,516$1,444
34 years$16,848$11,481$7,631$4,969$3,183$1,265
35 years$16,187$10,890$7,135$4,574$2,883$1,108
36 years$15,565$10,336$6,674$4,213$2,612$971
37 years$14,977$9,817$6,247$3,881$2,368$851
38 years$14,422$9,330$5,850$3,577$2,147$745
39 years$13,896$8,872$5,481$3,299$1,947$653
40 years$13,398$8,441$5,137$3,042$1,766$573
41 years$12,926$8,035$4,817$2,807$1,602$502
42 years$12,477$7,652$4,519$2,591$1,454$440
43 years$12,050$7,291$4,240$2,391$1,319$386
44 years$11,644$6,950$3,980$2,208$1,197$338
45 years$11,257$6,627$3,737$2,039$1,087$297
46 years$10,888$6,322$3,510$1,884$987$260
47 years$10,535$6,033$3,298$1,740$896$228
48 years$10,198$5,759$3,099$1,608$814$200
49 years$9,876$5,500$2,913$1,486$739$175
50 years$9,568$5,254$2,738$1,374$671$154

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $9,800,000, adding $2,384 every year, while hoping to spend $45,307 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: 77/9/14 Blend
67$9,800,000$9,800,000$9,800,000$9,800,000
68$10,802,059$10,282,659$10,130,759$11,602,369
69$11,855,663$10,738,303$10,421,933$12,585,982
70$13,015,216$11,214,755$10,721,343$13,658,345
71$14,291,477$11,712,987$11,029,217$14,833,025
72$15,696,300$12,234,017$11,345,789$16,120,211
73$17,242,750$12,778,910$11,671,300$17,531,123
74$18,945,218$13,348,784$12,005,996$19,078,115
75$20,819,564$13,944,809$12,350,131$20,774,792
76$22,883,265$14,568,210$12,703,966$22,636,136
77$25,155,577$15,220,271$13,067,767$24,678,649
78$27,657,718$15,902,337$13,441,810$26,920,500
79$30,413,070$16,615,816$13,826,376$29,381,705
80$33,447,398$17,362,186$14,221,754$32,084,307
81$36,789,091$18,142,991$14,628,241$35,052,585
82$40,469,434$18,959,853$15,046,142$38,313,282
83$44,522,899$19,814,469$15,475,771$41,895,856
84$48,987,473$20,708,617$15,917,448$45,832,754
85$53,905,016$21,644,160$16,371,503$50,159,720
86$59,321,655$22,623,050$16,838,275$54,916,127
87$65,288,217$23,647,333$17,318,111$60,145,349
88$71,860,715$24,719,153$17,811,368$65,895,169
89$79,100,871$25,840,754$18,318,412$72,218,226
90$87,076,699$27,014,490$18,839,618$79,172,508
91$95,863,149$28,242,827$19,375,372$86,821,903
92$105,542,813$29,528,348$19,926,069$95,236,795
93$116,206,703$30,873,760$20,492,116$104,494,725
94$127,955,114$32,281,902$21,073,929$114,681,127
95$140,898,566$33,755,745$21,671,935$125,890,124
96$155,158,848$35,298,405$22,286,574$138,225,416
97$170,870,171$36,913,147$22,918,294$151,801,261
98$188,180,430$38,603,393$23,567,559$166,743,544
99$207,252,604$40,372,729$24,234,842$183,190,965
100$228,266,288$42,224,911$24,920,628$201,296,345