Can I retire at age 68 with 10,100,000?

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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$834,049$826,619$819,371$812,296$805,388$785,599
2 years$412,895$405,206$397,753$390,527$383,518$363,703
3 years$272,529$264,806$257,372$250,214$243,320$224,098
4 years$202,360$194,661$187,301$180,265$173,538$155,058
5 years$160,269$152,616$145,353$138,461$131,921$114,234
6 years$132,218$124,623$117,467$110,728$104,384$87,508
7 years$112,190$104,658$97,616$91,036$84,892$68,828
8 years$97,175$89,711$82,786$76,368$70,426$55,168
9 years$85,503$78,110$71,303$65,048$59,309$44,844
10 years$76,171$68,850$62,164$56,072$50,534$36,845
11 years$68,540$61,293$54,728$48,800$43,461$30,529
12 years$62,186$55,013$48,570$42,804$37,663$25,465
13 years$56,814$49,716$43,394$37,789$32,843$21,356
14 years$52,213$45,190$38,990$33,545$28,790$17,989
15 years$48,229$41,282$35,202$29,917$25,349$15,207
16 years$44,747$37,876$31,916$26,787$22,403$12,895
17 years$41,677$34,882$29,042$24,068$19,864$10,961
18 years$38,952$32,233$26,512$21,690$17,662$9,337
19 years$36,516$29,873$24,270$19,599$15,743$7,967
20 years$34,327$27,759$22,274$17,750$14,062$6,809
21 years$32,348$25,857$20,488$16,110$12,584$5,826
22 years$30,552$24,136$18,883$14,647$11,280$4,991
23 years$28,915$22,574$17,435$13,340$10,125$4,279
24 years$27,416$21,151$16,124$12,167$9,101$3,671
25 years$26,039$19,849$14,934$11,111$8,189$3,152
26 years$24,771$18,655$13,851$10,159$7,377$2,708
27 years$23,598$17,556$12,862$9,299$6,651$2,328
28 years$22,511$16,543$11,957$8,520$6,001$2,002
29 years$21,500$15,607$11,127$7,813$5,419$1,722
30 years$20,559$14,739$10,364$7,170$4,896$1,481
31 years$19,680$13,933$9,662$6,586$4,427$1,275
32 years$18,858$13,183$9,015$6,052$4,004$1,098
33 years$18,088$12,485$8,417$5,566$3,624$945
34 years$17,364$11,833$7,865$5,121$3,281$814
35 years$16,683$11,223$7,353$4,714$2,972$701
36 years$16,041$10,653$6,878$4,341$2,692$604
37 years$15,436$10,117$6,438$4,000$2,440$520
38 years$14,863$9,615$6,029$3,687$2,212$448
39 years$14,322$9,143$5,649$3,400$2,006$386
40 years$13,808$8,699$5,294$3,136$1,820$333
41 years$13,321$8,281$4,964$2,893$1,651$287
42 years$12,859$7,886$4,657$2,670$1,498$247
43 years$12,419$7,514$4,370$2,465$1,360$213
44 years$12,000$7,162$4,102$2,276$1,234$184
45 years$11,601$6,830$3,851$2,102$1,120$158
46 years$11,221$6,515$3,617$1,941$1,017$136
47 years$10,858$6,218$3,398$1,794$924$118
48 years$10,511$5,936$3,194$1,657$839$101
49 years$10,179$5,668$3,002$1,532$762$87
50 years$9,861$5,415$2,822$1,416$692$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $10,100,000, adding $5,926 every year, while hoping to spend $36,606 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: 64/24/12 Blend
67$10,100,000$10,100,000$10,100,000$10,100,000
68$11,136,313$10,601,013$10,444,463$11,817,956
69$12,233,268$11,081,514$10,755,404$12,754,804
70$13,440,886$11,584,333$11,075,534$13,772,904
71$14,770,415$12,110,524$11,405,124$14,884,047
72$16,234,252$12,661,193$11,744,449$16,097,287
73$17,846,052$13,237,499$12,093,795$17,422,583
74$19,620,868$13,840,655$12,453,456$18,870,893
75$21,575,282$14,471,932$12,823,732$20,454,271
76$23,727,569$15,132,665$13,204,935$22,185,978
77$26,097,864$15,824,249$13,597,384$24,080,608
78$28,708,358$16,548,148$14,001,407$26,154,220
79$31,583,499$17,305,897$14,417,344$28,424,487
80$34,750,232$18,099,102$14,845,541$30,910,858
81$38,238,246$18,929,448$15,286,357$33,634,743
82$42,080,258$19,798,702$15,740,160$36,619,705
83$46,312,319$20,708,712$16,207,330$39,891,684
84$50,974,155$21,661,420$16,688,256$43,479,236
85$56,109,546$22,658,856$17,183,339$47,413,798
86$61,766,731$23,703,152$17,692,993$51,729,980
87$67,998,871$24,796,539$18,217,641$56,465,890
88$74,864,545$25,941,358$18,757,721$61,663,486
89$82,428,305$27,140,062$19,313,681$67,368,971
90$90,761,288$28,395,221$19,885,986$73,633,218
91$99,941,882$29,709,529$20,475,109$80,512,251
92$110,056,470$31,085,812$21,081,540$88,067,767
93$121,200,241$32,527,028$21,705,784$96,367,708
94$133,478,095$34,036,281$22,348,356$105,486,904
95$147,005,626$35,616,824$23,009,791$115,507,765
96$161,910,217$37,272,066$23,690,636$126,521,060
97$178,332,241$39,005,579$24,391,455$138,626,760
98$196,426,389$40,821,112$25,112,828$151,934,980
99$216,363,124$42,722,589$25,855,351$166,567,009
100$238,330,294$44,714,128$26,619,637$182,656,444