Can I retire at age 68 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$842,306$834,804$827,484$820,339$813,362$800,877
2 years$416,983$409,217$401,691$394,394$387,315$374,767
3 years$275,228$267,428$259,921$252,692$245,729$233,508
4 years$204,364$196,588$189,156$182,050$175,256$163,456
5 years$161,856$154,127$146,793$139,832$133,227$121,882
6 years$133,527$125,857$118,630$111,825$105,418$94,542
7 years$113,300$105,694$98,582$91,937$85,733$75,329
8 years$98,137$90,599$83,606$77,124$71,124$61,191
9 years$86,349$78,883$72,009$65,692$59,896$50,429
10 years$76,925$69,532$62,779$56,628$51,035$42,025
11 years$69,219$61,900$55,270$49,283$43,892$35,331
12 years$62,802$55,558$49,051$43,228$38,036$29,913
13 years$57,377$50,208$43,824$38,164$33,168$25,472
14 years$52,730$45,638$39,376$33,877$29,075$21,793
15 years$48,707$41,691$35,551$30,213$25,600$18,719
16 years$45,190$38,251$32,232$27,052$22,625$16,132
17 years$42,090$35,227$29,330$24,306$20,061$13,941
18 years$39,337$32,552$26,775$21,905$17,837$12,077
19 years$36,878$30,169$24,511$19,793$15,899$10,483
20 years$34,667$28,034$22,495$17,926$14,201$9,115
21 years$32,669$26,113$20,691$16,269$12,708$7,937
22 years$30,855$24,375$19,070$14,792$11,391$6,920
23 years$29,201$22,798$17,608$13,472$10,225$6,040
24 years$27,688$21,360$16,284$12,287$9,191$5,278
25 years$26,297$20,045$15,082$11,221$8,270$4,615
26 years$25,016$18,839$13,988$10,260$7,450$4,038
27 years$23,831$17,730$12,989$9,391$6,716$3,536
28 years$22,734$16,707$12,075$8,604$6,060$3,098
29 years$21,713$15,761$11,237$7,890$5,472$2,716
30 years$20,763$14,885$10,467$7,241$4,945$2,381
31 years$19,875$14,071$9,758$6,651$4,470$2,089
32 years$19,045$13,314$9,104$6,112$4,044$1,833
33 years$18,267$12,609$8,501$5,621$3,660$1,609
34 years$17,536$11,950$7,943$5,172$3,313$1,412
35 years$16,848$11,334$7,426$4,761$3,001$1,240
36 years$16,200$10,758$6,947$4,384$2,719$1,089
37 years$15,588$10,218$6,502$4,040$2,464$957
38 years$15,010$9,710$6,089$3,723$2,234$841
39 years$14,463$9,234$5,704$3,433$2,026$739
40 years$13,945$8,785$5,347$3,167$1,838$649
41 years$13,453$8,363$5,014$2,922$1,667$571
42 years$12,986$7,964$4,703$2,696$1,513$502
43 years$12,542$7,588$4,413$2,489$1,373$441
44 years$12,119$7,233$4,142$2,298$1,246$388
45 years$11,716$6,898$3,890$2,122$1,131$341
46 years$11,332$6,580$3,653$1,961$1,027$300
47 years$10,965$6,279$3,432$1,811$933$263
48 years$10,615$5,994$3,225$1,674$847$232
49 years$10,279$5,724$3,032$1,547$769$204
50 years$9,959$5,468$2,850$1,430$699$179

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $10,200,000, adding $5,281 every year, while hoping to spend $22,685 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: 76/14/10 Blend
67$10,200,000$10,200,000$10,200,000$10,200,000
68$11,245,847$10,705,247$10,547,147$12,080,364
69$12,368,787$11,205,668$10,876,340$13,130,958
70$13,605,506$11,729,849$11,215,801$14,278,867
71$14,967,587$12,278,930$11,565,849$15,536,520
72$16,467,791$12,854,107$11,926,814$16,914,818
73$18,120,181$13,456,634$12,299,038$18,425,758
74$19,940,254$14,087,824$12,682,870$20,082,546
75$21,945,086$14,749,054$13,078,673$21,899,726
76$24,153,496$15,441,768$13,486,820$23,893,308
77$26,586,219$16,167,481$13,907,695$26,080,921
78$29,266,105$16,927,780$14,341,695$28,481,976
79$32,218,335$17,724,328$14,789,228$31,117,849
80$35,470,655$18,558,870$15,250,717$34,012,079
81$39,053,643$19,433,236$15,726,597$37,190,588
82$43,000,992$20,349,342$16,217,316$40,681,924
83$47,349,833$21,309,199$16,723,335$44,517,526
84$52,141,082$22,314,916$17,245,133$48,732,023
85$57,419,827$23,368,702$17,783,200$53,363,553
86$63,235,756$24,472,875$18,338,044$58,454,121
87$69,643,622$25,629,864$18,910,187$64,049,996
88$76,703,761$26,842,217$19,500,168$70,202,141
89$84,482,663$28,112,605$20,108,543$76,966,693
90$93,053,600$29,443,828$20,735,884$84,405,487
91$102,497,314$30,838,822$21,382,783$92,586,640
92$112,902,783$32,300,667$22,049,849$101,585,188
93$124,368,058$33,832,591$22,737,710$111,483,790
94$137,001,191$35,437,979$23,447,014$122,373,506
95$150,921,252$37,120,380$24,178,429$134,354,650
96$166,259,457$38,883,515$24,932,644$147,537,734
97$183,160,402$40,731,288$25,710,368$162,044,510
98$201,783,432$42,667,790$26,512,333$178,009,106
99$222,304,141$44,697,311$27,339,296$195,579,297
100$244,916,036$46,824,351$28,192,034$214,917,887