Can I retire at age 68 with 10,000,000?

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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$825,791$818,435$811,258$804,254$797,414$788,758
2 years$408,807$401,194$393,815$386,660$379,721$371,006
3 years$269,831$262,184$254,824$247,737$240,911$232,406
4 years$200,356$192,733$185,447$178,481$171,819$163,592
5 years$158,683$151,105$143,914$137,090$130,614$122,687
6 years$130,909$123,389$116,304$109,632$103,351$95,734
7 years$111,079$103,622$96,649$90,135$84,052$76,748
8 years$96,213$88,823$81,966$75,612$69,729$62,739
9 years$84,656$77,336$70,598$64,404$58,722$52,042
10 years$75,417$68,168$61,549$55,517$50,034$43,660
11 years$67,862$60,686$54,186$48,317$43,031$36,958
12 years$61,571$54,469$48,089$42,380$37,290$31,511
13 years$56,251$49,224$42,964$37,415$32,517$27,026
14 years$51,696$44,743$38,604$33,213$28,505$23,293
15 years$47,752$40,874$34,854$29,620$25,098$20,158
16 years$44,304$37,501$31,600$26,522$22,181$17,505
17 years$41,265$34,537$28,755$23,830$19,668$15,246
18 years$38,566$31,914$26,250$21,475$17,487$13,311
19 years$36,155$29,577$24,030$19,405$15,587$11,647
20 years$33,987$27,484$22,054$17,575$13,923$10,210
21 years$32,028$25,601$20,285$15,950$12,459$8,964
22 years$30,250$23,897$18,696$14,502$11,168$7,882
23 years$28,629$22,351$17,262$13,208$10,025$6,938
24 years$27,145$20,941$15,965$12,046$9,011$6,114
25 years$25,782$19,652$14,787$11,001$8,108$5,393
26 years$24,525$18,470$13,714$10,059$7,304$4,760
27 years$23,364$17,382$12,734$9,207$6,585$4,205
28 years$22,288$16,379$11,838$8,436$5,942$3,717
29 years$21,288$15,452$11,017$7,736$5,365$3,287
30 years$20,356$14,593$10,262$7,099$4,848$2,909
31 years$19,486$13,795$9,567$6,520$4,383$2,575
32 years$18,672$13,053$8,926$5,992$3,965$2,280
33 years$17,909$12,361$8,334$5,510$3,588$2,020
34 years$17,192$11,716$7,787$5,070$3,248$1,790
35 years$16,518$11,112$7,280$4,667$2,942$1,586
36 years$15,882$10,547$6,810$4,298$2,666$1,406
37 years$15,283$10,017$6,374$3,960$2,416$1,247
38 years$14,716$9,520$5,969$3,650$2,190$1,106
39 years$14,180$9,053$5,593$3,366$1,986$981
40 years$13,672$8,613$5,242$3,105$1,802$870
41 years$13,189$8,199$4,915$2,864$1,635$772
42 years$12,731$7,808$4,611$2,643$1,483$685
43 years$12,296$7,439$4,327$2,440$1,346$608
44 years$11,881$7,091$4,061$2,253$1,222$539
45 years$11,486$6,762$3,813$2,081$1,109$479
46 years$11,110$6,451$3,582$1,922$1,007$425
47 years$10,750$6,156$3,365$1,776$914$377
48 years$10,406$5,877$3,162$1,641$830$335
49 years$10,078$5,612$2,972$1,516$754$297
50 years$9,763$5,361$2,794$1,402$685$264

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $10,000,000, adding $3,949 every year, while hoping to spend $43,436 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: 55/18/27 Blend
67$10,000,000$10,000,000$10,000,000$10,000,000
68$11,024,073$10,494,073$10,339,073$11,547,947
69$12,102,313$10,962,067$10,639,217$12,377,308
70$13,289,078$11,451,537$10,947,959$13,275,289
71$14,595,391$11,963,490$11,265,543$14,252,443
72$16,033,399$12,498,979$11,592,217$15,316,402
73$17,616,486$13,059,109$11,928,236$16,475,557
74$19,359,400$13,645,038$12,273,864$17,739,140
75$21,278,391$14,257,977$12,629,371$19,117,304
76$23,391,365$14,899,196$12,995,034$20,621,219
77$25,718,054$15,570,027$13,371,137$22,263,175
78$28,280,200$16,271,862$13,757,974$24,056,695
79$31,101,760$17,006,163$14,155,846$26,016,660
80$34,209,134$17,774,460$14,565,062$28,159,445
81$37,631,413$18,578,355$14,985,938$30,503,075
82$41,400,651$19,419,529$15,418,802$33,067,386
83$45,552,174$20,299,742$15,863,988$35,874,213
84$50,124,904$21,220,838$16,321,840$38,947,594
85$55,161,735$22,184,750$16,792,712$42,313,989
86$60,709,931$23,193,502$17,276,967$46,002,529
87$66,821,577$24,249,216$17,774,978$50,045,288
88$73,554,067$25,354,117$18,287,129$54,477,578
89$80,970,646$26,510,533$18,813,812$59,338,284
90$89,141,010$27,720,906$19,355,432$64,670,221
91$98,141,958$28,987,796$19,912,405$70,520,536
92$108,058,122$30,313,883$20,485,155$76,941,152
93$118,982,765$31,701,978$21,074,122$83,989,245
94$131,018,657$33,155,024$21,679,755$91,727,789
95$144,279,048$34,676,109$22,302,515$100,226,136
96$158,888,739$36,268,466$22,942,877$109,560,669
97$174,985,255$37,935,486$23,601,328$119,815,520
98$192,720,147$39,680,720$24,278,368$131,083,354
99$212,260,418$41,507,892$24,974,510$143,466,239
100$233,790,107$43,420,904$25,690,282$157,076,604