Can I retire at age 68 with 10,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$858,822$851,172$843,709$836,424$829,311$806,971
2 years$425,160$417,241$409,567$402,127$394,910$372,563
3 years$280,624$272,672$265,017$257,647$250,547$228,892
4 years$208,371$200,443$192,865$185,620$178,692$157,895
5 years$165,030$157,149$149,671$142,574$135,839$115,958
6 years$136,145$128,324$120,956$114,017$107,485$88,538
7 years$115,522$107,767$100,515$93,740$87,414$69,403
8 years$100,061$92,376$85,245$78,636$72,518$55,433
9 years$88,043$80,430$73,421$66,981$61,071$44,896
10 years$78,433$70,895$64,010$57,738$52,035$36,751
11 years$70,576$63,114$56,354$50,249$44,752$30,334
12 years$64,033$56,647$50,013$44,075$38,781$25,203
13 years$58,502$51,193$44,683$38,912$33,818$21,051
14 years$53,764$46,533$40,148$34,542$29,645$17,659
15 years$49,662$42,508$36,248$30,805$26,102$14,866
16 years$46,076$39,001$32,864$27,583$23,069$12,551
17 years$42,915$35,918$29,905$24,783$20,454$10,623
18 years$40,109$33,190$27,299$22,334$18,187$9,009
19 years$37,601$30,760$24,991$20,181$16,210$7,653
20 years$35,346$28,584$22,936$18,278$14,479$6,510
21 years$33,309$26,625$21,097$16,588$12,957$5,545
22 years$31,460$24,853$19,444$15,082$11,615$4,728
23 years$29,774$23,245$17,953$13,736$10,426$4,034
24 years$28,230$21,779$16,603$12,528$9,371$3,445
25 years$26,813$20,438$15,378$11,441$8,432$2,944
26 years$25,506$19,209$14,262$10,461$7,596$2,517
27 years$24,299$18,078$13,244$9,575$6,848$2,153
28 years$23,179$17,034$12,312$8,773$6,179$1,842
29 years$22,139$16,070$11,457$8,045$5,580$1,577
30 years$21,170$15,176$10,672$7,383$5,042$1,350
31 years$20,265$14,347$9,949$6,781$4,558$1,156
32 years$19,418$13,575$9,283$6,232$4,123$990
33 years$18,625$12,856$8,667$5,731$3,731$849
34 years$17,880$12,184$8,098$5,273$3,378$727
35 years$17,178$11,557$7,571$4,854$3,060$623
36 years$16,518$10,969$7,083$4,470$2,772$534
37 years$15,894$10,418$6,629$4,119$2,513$458
38 years$15,305$9,901$6,208$3,796$2,278$392
39 years$14,747$9,415$5,816$3,501$2,066$336
40 years$14,218$8,957$5,452$3,229$1,874$288
41 years$13,717$8,527$5,112$2,979$1,700$247
42 years$13,241$8,120$4,795$2,749$1,543$212
43 years$12,788$7,737$4,500$2,538$1,400$182
44 years$12,357$7,375$4,224$2,343$1,271$156
45 years$11,946$7,033$3,966$2,164$1,154$134
46 years$11,554$6,709$3,725$1,999$1,047$115
47 years$11,180$6,402$3,499$1,847$951$98
48 years$10,823$6,112$3,288$1,707$864$84
49 years$10,481$5,837$3,091$1,577$784$72
50 years$10,154$5,575$2,906$1,458$713$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $10,400,000, adding $5,776 every year, while hoping to spend $52,970 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: 72/18/10 Blend
67$10,400,000$10,400,000$10,400,000$10,400,000
68$11,466,758$10,915,558$10,754,358$12,270,213
69$12,580,008$11,394,061$11,058,269$13,280,605
70$13,805,033$11,894,235$11,370,586$14,379,462
71$15,153,181$12,417,086$11,691,535$15,581,188
72$16,636,950$12,963,668$12,021,346$16,895,923
73$18,270,115$13,535,084$12,360,257$18,334,829
74$20,067,853$14,132,490$12,708,513$19,910,193
75$22,046,888$14,757,095$13,066,361$21,635,537
76$24,225,645$15,410,168$13,434,059$23,525,749
77$26,624,430$16,093,035$13,811,869$25,597,215
78$29,265,616$16,807,088$14,200,061$27,867,980
79$32,173,856$17,553,782$14,598,910$30,357,906
80$35,376,316$18,334,644$15,008,700$33,088,867
81$38,902,929$19,151,270$15,429,720$36,084,945
82$42,786,681$20,005,336$15,862,269$39,372,658
83$47,063,918$20,898,593$16,306,651$42,981,209
84$51,774,694$21,832,880$16,763,180$46,942,755
85$56,963,141$22,810,120$17,232,175$51,292,712
86$62,677,894$23,832,329$17,713,966$56,070,082
87$68,972,545$24,901,618$18,208,889$61,317,820
88$75,906,146$26,020,199$18,717,289$67,083,236
89$83,543,775$27,190,391$19,239,520$73,418,439
90$91,957,141$28,414,621$19,775,944$80,380,821
91$101,225,265$29,695,433$20,326,934$88,033,601
92$111,435,226$31,035,493$20,892,870$96,446,412
93$122,682,979$32,437,592$21,474,141$105,695,958
94$135,074,266$33,904,657$22,071,148$115,866,733
95$148,725,610$35,439,754$22,684,300$127,051,811
96$163,765,414$37,046,094$23,314,016$139,353,724
97$180,335,176$38,727,043$23,960,726$152,885,422
98$198,590,824$40,486,127$24,624,870$167,771,335
99$218,704,184$42,327,043$25,306,899$184,148,542
100$240,864,605$44,253,663$26,007,274$202,168,060