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%15.8%
1 years$842,306$834,804$827,484$820,339$813,362$794,022
2 years$416,983$409,217$401,691$394,394$387,315$367,943
3 years$275,228$267,428$259,921$252,692$245,729$226,931
4 years$204,364$196,588$189,156$182,050$175,256$157,176
5 years$161,856$154,127$146,793$139,832$133,227$115,916
6 years$133,527$125,857$118,630$111,825$105,418$88,894
7 years$113,300$105,694$98,582$91,937$85,733$69,997
8 years$98,137$90,599$83,606$77,124$71,124$56,171
9 years$86,349$78,883$72,009$65,692$59,896$45,714
10 years$76,925$69,532$62,779$56,628$51,035$37,607
11 years$69,219$61,900$55,270$49,283$43,892$31,200
12 years$62,802$55,558$49,051$43,228$38,036$26,059
13 years$57,377$50,208$43,824$38,164$33,168$21,883
14 years$52,730$45,638$39,376$33,877$29,075$18,458
15 years$48,707$41,691$35,551$30,213$25,600$15,626
16 years$45,190$38,251$32,232$27,052$22,625$13,268
17 years$42,090$35,227$29,330$24,306$20,061$11,295
18 years$39,337$32,552$26,775$21,905$17,837$9,635
19 years$36,878$30,169$24,511$19,793$15,899$8,234
20 years$34,667$28,034$22,495$17,926$14,201$7,048
21 years$32,669$26,113$20,691$16,269$12,708$6,040
22 years$30,855$24,375$19,070$14,792$11,391$5,182
23 years$29,201$22,798$17,608$13,472$10,225$4,450
24 years$27,688$21,360$16,284$12,287$9,191$3,824
25 years$26,297$20,045$15,082$11,221$8,270$3,289
26 years$25,016$18,839$13,988$10,260$7,450$2,830
27 years$23,831$17,730$12,989$9,391$6,716$2,436
28 years$22,734$16,707$12,075$8,604$6,060$2,098
29 years$21,713$15,761$11,237$7,890$5,472$1,808
30 years$20,763$14,885$10,467$7,241$4,945$1,558
31 years$19,875$14,071$9,758$6,651$4,470$1,343
32 years$19,045$13,314$9,104$6,112$4,044$1,158
33 years$18,267$12,609$8,501$5,621$3,660$999
34 years$17,536$11,950$7,943$5,172$3,313$862
35 years$16,848$11,334$7,426$4,761$3,001$743
36 years$16,200$10,758$6,947$4,384$2,719$641
37 years$15,588$10,218$6,502$4,040$2,464$554
38 years$15,010$9,710$6,089$3,723$2,234$478
39 years$14,463$9,234$5,704$3,433$2,026$412
40 years$13,945$8,785$5,347$3,167$1,838$356
41 years$13,453$8,363$5,014$2,922$1,667$307
42 years$12,986$7,964$4,703$2,696$1,513$265
43 years$12,542$7,588$4,413$2,489$1,373$229
44 years$12,119$7,233$4,142$2,298$1,246$198
45 years$11,716$6,898$3,890$2,122$1,131$171
46 years$11,332$6,580$3,653$1,961$1,027$147
47 years$10,965$6,279$3,432$1,811$933$127
48 years$10,615$5,994$3,225$1,674$847$110
49 years$10,279$5,724$3,032$1,547$769$95
50 years$9,959$5,468$2,850$1,430$699$82

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 $2,487 every year, while hoping to spend $34,079 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: 64/28/8 Blend
67$10,200,000$10,200,000$10,200,000$10,200,000
68$11,242,965$10,702,365$10,544,265$11,944,528
69$12,353,488$11,190,521$10,861,238$12,900,517
70$13,576,142$11,701,455$11,187,688$13,939,986
71$14,922,328$12,236,246$11,523,895$15,074,397
72$16,404,610$12,796,027$11,870,150$16,312,967
73$18,036,831$13,381,983$12,226,752$17,665,833
74$19,834,246$13,995,358$12,594,006$19,144,145
75$21,813,664$14,637,455$12,972,229$20,760,165
76$23,993,606$15,309,639$13,361,747$22,527,386
77$26,394,483$16,013,340$13,762,895$24,460,651
78$29,038,786$16,750,060$14,176,017$26,576,291
79$31,951,297$17,521,368$14,601,470$28,892,275
80$35,159,328$18,328,913$15,039,617$31,428,380
81$38,692,970$19,174,421$15,490,836$34,206,369
82$42,585,388$20,059,702$15,955,513$37,250,192
83$46,873,122$20,986,653$16,434,047$40,586,214
84$51,596,442$21,957,260$16,926,850$44,243,453
85$56,799,723$22,973,609$17,434,342$48,253,853
86$62,531,861$24,037,883$17,956,960$52,652,577
87$68,846,743$25,152,371$18,495,150$57,478,340
88$75,803,746$26,319,473$19,049,373$62,773,763
89$83,468,305$27,541,704$19,620,103$68,585,773
90$91,912,525$28,821,700$20,207,830$74,966,039
91$101,215,865$30,162,226$20,813,054$81,971,457
92$111,465,885$31,566,177$21,436,294$89,664,674
93$122,759,077$33,036,591$22,078,081$98,114,680
94$135,201,770$34,576,651$22,738,964$107,397,447
95$148,911,138$36,189,694$23,419,506$117,596,642
96$164,016,303$37,879,218$24,120,289$128,804,410
97$180,659,555$39,648,890$24,841,908$141,122,230
98$198,997,698$41,502,553$25,584,980$154,661,873
99$219,203,524$43,444,239$26,350,138$169,546,442
100$241,467,448$45,478,171$27,138,032$185,911,529