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%14.2%
1 years$842,306$834,804$827,484$820,339$813,362$799,230
2 years$416,983$409,217$401,691$394,394$387,315$373,123
3 years$275,228$267,428$259,921$252,692$245,729$231,919
4 years$204,364$196,588$189,156$182,050$175,256$161,934
5 years$161,856$154,127$146,793$139,832$133,227$120,432
6 years$133,527$125,857$118,630$111,825$105,418$93,164
7 years$113,300$105,694$98,582$91,937$85,733$74,024
8 years$98,137$90,599$83,606$77,124$71,124$59,957
9 years$86,349$78,883$72,009$65,692$59,896$49,265
10 years$76,925$69,532$62,779$56,628$51,035$40,930
11 years$69,219$61,900$55,270$49,283$43,892$34,303
12 years$62,802$55,558$49,051$43,228$38,036$28,949
13 years$57,377$50,208$43,824$38,164$33,168$24,570
14 years$52,730$45,638$39,376$33,877$29,075$20,951
15 years$48,707$41,691$35,551$30,213$25,600$17,934
16 years$45,190$38,251$32,232$27,052$22,625$15,402
17 years$42,090$35,227$29,330$24,306$20,061$13,263
18 years$39,337$32,552$26,775$21,905$17,837$11,447
19 years$36,878$30,169$24,511$19,793$15,899$9,900
20 years$34,667$28,034$22,495$17,926$14,201$8,576
21 years$32,669$26,113$20,691$16,269$12,708$7,440
22 years$30,855$24,375$19,070$14,792$11,391$6,462
23 years$29,201$22,798$17,608$13,472$10,225$5,619
24 years$27,688$21,360$16,284$12,287$9,191$4,890
25 years$26,297$20,045$15,082$11,221$8,270$4,259
26 years$25,016$18,839$13,988$10,260$7,450$3,712
27 years$23,831$17,730$12,989$9,391$6,716$3,237
28 years$22,734$16,707$12,075$8,604$6,060$2,825
29 years$21,713$15,761$11,237$7,890$5,472$2,466
30 years$20,763$14,885$10,467$7,241$4,945$2,153
31 years$19,875$14,071$9,758$6,651$4,470$1,881
32 years$19,045$13,314$9,104$6,112$4,044$1,644
33 years$18,267$12,609$8,501$5,621$3,660$1,437
34 years$17,536$11,950$7,943$5,172$3,313$1,256
35 years$16,848$11,334$7,426$4,761$3,001$1,099
36 years$16,200$10,758$6,947$4,384$2,719$961
37 years$15,588$10,218$6,502$4,040$2,464$840
38 years$15,010$9,710$6,089$3,723$2,234$735
39 years$14,463$9,234$5,704$3,433$2,026$643
40 years$13,945$8,785$5,347$3,167$1,838$563
41 years$13,453$8,363$5,014$2,922$1,667$493
42 years$12,986$7,964$4,703$2,696$1,513$431
43 years$12,542$7,588$4,413$2,489$1,373$377
44 years$12,119$7,233$4,142$2,298$1,246$330
45 years$11,716$6,898$3,890$2,122$1,131$289
46 years$11,332$6,580$3,653$1,961$1,027$253
47 years$10,965$6,279$3,432$1,811$933$222
48 years$10,615$5,994$3,225$1,674$847$194
49 years$10,279$5,724$3,032$1,547$769$170
50 years$9,959$5,468$2,850$1,430$699$149

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 $5,092 every year, while hoping to spend $41,750 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: 67/8/25 Blend
67$10,200,000$10,200,000$10,200,000$10,200,000
68$11,245,652$10,705,052$10,546,952$11,926,128
69$12,348,287$11,185,178$10,855,854$12,864,358
70$13,561,992$11,687,431$11,173,704$13,884,871
71$14,898,050$12,212,851$11,500,759$15,000,049
72$16,368,898$12,762,527$11,837,281$16,219,232
73$17,988,237$13,337,602$12,183,541$17,552,704
74$19,771,164$13,939,272$12,539,816$19,011,783
75$21,734,316$14,568,789$12,906,393$20,608,932
76$23,896,024$15,227,468$13,283,565$22,357,871
77$26,276,488$15,916,682$13,671,634$24,273,709
78$28,897,965$16,637,876$14,070,909$26,373,080
79$31,784,983$17,392,557$14,481,710$28,674,304
80$34,964,569$18,182,310$14,904,365$31,197,553
81$38,466,505$19,008,793$15,339,211$33,965,043
82$42,323,608$19,873,743$15,786,594$37,001,239
83$46,572,041$20,778,982$16,246,870$40,333,088
84$51,251,654$21,726,417$16,720,406$43,990,266
85$56,406,360$22,718,049$17,207,576$48,005,461
86$62,084,548$23,755,972$17,708,769$52,414,678
87$68,339,539$24,842,382$18,224,380$57,257,572
88$75,230,095$25,979,582$18,754,820$62,577,828
89$82,820,965$27,169,981$19,300,506$68,423,565
90$91,183,501$28,416,109$19,861,871$74,847,787
91$100,396,333$29,720,612$20,439,358$81,908,888
92$110,546,104$31,086,268$21,033,423$89,671,191
93$121,728,297$32,515,986$21,644,533$98,205,559
94$134,048,129$34,012,814$22,273,169$107,590,058
95$147,621,544$35,579,948$22,919,827$117,910,693
96$162,576,314$37,220,738$23,585,014$129,262,213
97$179,053,238$38,938,694$24,269,251$141,749,006
98$197,207,473$40,737,495$24,973,076$155,486,080
99$217,210,001$42,620,997$25,697,039$170,600,141
100$239,249,238$44,593,244$26,441,708$187,230,792