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%19.7%
1 years$834,049$826,619$819,371$812,296$805,388$774,045
2 years$412,895$405,206$397,753$390,527$383,518$352,319
3 years$272,529$264,806$257,372$250,214$243,320$213,247
4 years$202,360$194,661$187,301$180,265$173,538$144,820
5 years$160,269$152,616$145,353$138,461$131,921$104,631
6 years$132,218$124,623$117,467$110,728$104,384$78,542
7 years$112,190$104,658$97,616$91,036$84,892$60,488
8 years$97,175$89,711$82,786$76,368$70,426$47,436
9 years$85,503$78,110$71,303$65,048$59,309$37,699
10 years$76,171$68,850$62,164$56,072$50,534$30,263
11 years$68,540$61,293$54,728$48,800$43,461$24,483
12 years$62,186$55,013$48,570$42,804$37,663$19,927
13 years$56,814$49,716$43,394$37,789$32,843$16,297
14 years$52,213$45,190$38,990$33,545$28,790$13,380
15 years$48,229$41,282$35,202$29,917$25,349$11,018
16 years$44,747$37,876$31,916$26,787$22,403$9,097
17 years$41,677$34,882$29,042$24,068$19,864$7,526
18 years$38,952$32,233$26,512$21,690$17,662$6,237
19 years$36,516$29,873$24,270$19,599$15,743$5,175
20 years$34,327$27,759$22,274$17,750$14,062$4,300
21 years$32,348$25,857$20,488$16,110$12,584$3,575
22 years$30,552$24,136$18,883$14,647$11,280$2,975
23 years$28,915$22,574$17,435$13,340$10,125$2,478
24 years$27,416$21,151$16,124$12,167$9,101$2,064
25 years$26,039$19,849$14,934$11,111$8,189$1,721
26 years$24,771$18,655$13,851$10,159$7,377$1,435
27 years$23,598$17,556$12,862$9,299$6,651$1,197
28 years$22,511$16,543$11,957$8,520$6,001$999
29 years$21,500$15,607$11,127$7,813$5,419$833
30 years$20,559$14,739$10,364$7,170$4,896$696
31 years$19,680$13,933$9,662$6,586$4,427$581
32 years$18,858$13,183$9,015$6,052$4,004$485
33 years$18,088$12,485$8,417$5,566$3,624$405
34 years$17,364$11,833$7,865$5,121$3,281$338
35 years$16,683$11,223$7,353$4,714$2,972$282
36 years$16,041$10,653$6,878$4,341$2,692$236
37 years$15,436$10,117$6,438$4,000$2,440$197
38 years$14,863$9,615$6,029$3,687$2,212$164
39 years$14,322$9,143$5,649$3,400$2,006$137
40 years$13,808$8,699$5,294$3,136$1,820$115
41 years$13,321$8,281$4,964$2,893$1,651$96
42 years$12,859$7,886$4,657$2,670$1,498$80
43 years$12,419$7,514$4,370$2,465$1,360$67
44 years$12,000$7,162$4,102$2,276$1,234$56
45 years$11,601$6,830$3,851$2,102$1,120$47
46 years$11,221$6,515$3,617$1,941$1,017$39
47 years$10,858$6,218$3,398$1,794$924$33
48 years$10,511$5,936$3,194$1,657$839$27
49 years$10,179$5,668$3,002$1,532$762$23
50 years$9,861$5,415$2,822$1,416$692$19

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 $5,581 every year, while hoping to spend $35,077 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: 64/12/24 Blend
67$10,100,000$10,100,000$10,100,000$10,100,000
68$11,135,957$10,600,657$10,444,107$11,778,479
69$12,234,503$11,082,767$10,756,663$12,694,887
70$13,443,925$11,587,326$11,078,514$13,691,307
71$14,775,495$12,115,395$11,409,934$14,779,212
72$16,241,635$12,668,088$11,751,206$15,967,572
73$17,856,030$13,246,573$12,102,620$17,266,260
74$19,633,764$13,852,074$12,464,476$18,686,140
75$21,591,453$14,485,870$12,837,081$20,239,171
76$23,747,410$15,149,307$13,220,752$21,938,516
77$26,121,814$15,843,791$13,615,816$23,798,665
78$28,736,901$16,570,799$14,022,608$25,835,569
79$31,617,172$17,331,876$14,441,472$28,066,789
80$34,789,628$18,128,642$14,872,766$30,511,661
81$38,284,021$18,962,796$15,316,855$33,191,473
82$42,133,137$19,836,119$15,774,115$36,129,664
83$46,373,102$20,750,474$16,244,933$39,352,048
84$51,043,730$21,707,818$16,729,709$42,887,046
85$56,188,889$22,710,200$17,228,853$46,765,959
86$61,856,923$23,759,768$17,742,788$51,023,260
87$68,101,106$24,858,772$18,271,947$55,696,910
88$74,980,140$26,009,574$18,816,779$60,828,721
89$82,558,716$27,214,645$19,377,743$66,464,743
90$90,908,122$28,476,579$19,955,314$72,655,697
91$100,106,911$29,798,093$20,549,978$79,457,451
92$110,241,652$31,182,035$21,162,238$86,931,540
93$121,407,736$32,631,390$21,792,609$95,145,749
94$133,710,287$34,149,290$22,441,623$104,174,742
95$147,265,145$35,739,014$23,109,826$114,100,770
96$162,199,965$37,404,001$23,797,781$125,014,438
97$178,655,421$39,147,857$24,506,066$137,015,556
98$196,786,532$40,974,360$25,235,277$150,214,082
99$216,764,126$42,887,471$25,986,027$164,731,147
100$238,776,454$44,891,345$26,758,946$180,700,200