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

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$858,822$851,172$843,709$836,424$829,311$817,255
2 years$425,160$417,241$409,567$402,127$394,910$382,789
3 years$280,624$272,672$265,017$257,647$250,547$238,738
4 years$208,371$200,443$192,865$185,620$178,692$167,287
5 years$165,030$157,149$149,671$142,574$135,839$124,869
6 years$136,145$128,324$120,956$114,017$107,485$96,964
7 years$115,522$107,767$100,515$93,740$87,414$77,346
8 years$100,061$92,376$85,245$78,636$72,518$62,901
9 years$88,043$80,430$73,421$66,981$61,071$51,900
10 years$78,433$70,895$64,010$57,738$52,035$43,304
11 years$70,576$63,114$56,354$50,249$44,752$36,451
12 years$64,033$56,647$50,013$44,075$38,781$30,901
13 years$58,502$51,193$44,683$38,912$33,818$26,348
14 years$53,764$46,533$40,148$34,542$29,645$22,573
15 years$49,662$42,508$36,248$30,805$26,102$19,416
16 years$46,076$39,001$32,864$27,583$23,069$16,756
17 years$42,915$35,918$29,905$24,783$20,454$14,501
18 years$40,109$33,190$27,299$22,334$18,187$12,579
19 years$37,601$30,760$24,991$20,181$16,210$10,935
20 years$35,346$28,584$22,936$18,278$14,479$9,522
21 years$33,309$26,625$21,097$16,588$12,957$8,304
22 years$31,460$24,853$19,444$15,082$11,615$7,252
23 years$29,774$23,245$17,953$13,736$10,426$6,339
24 years$28,230$21,779$16,603$12,528$9,371$5,547
25 years$26,813$20,438$15,378$11,441$8,432$4,859
26 years$25,506$19,209$14,262$10,461$7,596$4,258
27 years$24,299$18,078$13,244$9,575$6,848$3,735
28 years$23,179$17,034$12,312$8,773$6,179$3,277
29 years$22,139$16,070$11,457$8,045$5,580$2,877
30 years$21,170$15,176$10,672$7,383$5,042$2,527
31 years$20,265$14,347$9,949$6,781$4,558$2,221
32 years$19,418$13,575$9,283$6,232$4,123$1,952
33 years$18,625$12,856$8,667$5,731$3,731$1,716
34 years$17,880$12,184$8,098$5,273$3,378$1,509
35 years$17,178$11,557$7,571$4,854$3,060$1,327
36 years$16,518$10,969$7,083$4,470$2,772$1,168
37 years$15,894$10,418$6,629$4,119$2,513$1,028
38 years$15,305$9,901$6,208$3,796$2,278$904
39 years$14,747$9,415$5,816$3,501$2,066$796
40 years$14,218$8,957$5,452$3,229$1,874$701
41 years$13,717$8,527$5,112$2,979$1,700$617
42 years$13,241$8,120$4,795$2,749$1,543$543
43 years$12,788$7,737$4,500$2,538$1,400$478
44 years$12,357$7,375$4,224$2,343$1,271$421
45 years$11,946$7,033$3,966$2,164$1,154$371
46 years$11,554$6,709$3,725$1,999$1,047$327
47 years$11,180$6,402$3,499$1,847$951$288
48 years$10,823$6,112$3,288$1,707$864$253
49 years$10,481$5,837$3,091$1,577$784$223
50 years$10,154$5,575$2,906$1,458$713$197

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 $2,536 every year, while hoping to spend $48,797 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$10,400,000$10,400,000$10,400,000$10,400,000
68$11,463,416$10,912,216$10,751,016$12,157,234
69$12,580,765$11,394,995$11,059,255$13,106,771
70$13,810,448$11,899,794$11,376,185$14,139,077
71$15,163,871$12,427,642$11,702,045$15,266,991
72$16,653,604$12,979,615$12,037,082$16,499,947
73$18,293,494$13,556,839$12,381,547$17,848,330
74$20,098,802$14,160,495$12,735,700$19,323,573
75$22,086,341$14,791,821$13,099,807$20,938,264
76$24,274,640$15,452,112$13,474,143$22,706,262
77$26,684,113$16,142,725$13,858,986$24,642,826
78$29,337,256$16,865,082$14,254,626$26,764,760
79$32,258,857$17,620,672$14,661,357$29,090,569
80$35,476,232$18,411,057$15,079,484$31,640,627
81$39,019,479$19,237,869$15,509,318$34,437,378
82$42,921,764$20,102,823$15,951,178$37,505,535
83$47,219,634$21,007,712$16,405,393$40,872,318
84$51,953,363$21,954,416$16,872,299$44,567,707
85$57,167,327$22,944,904$17,352,243$48,624,723
86$62,910,430$23,981,239$17,845,578$53,079,737
87$69,236,558$25,065,584$18,352,669$57,972,812
88$76,205,093$26,200,204$18,873,890$63,348,078
89$83,881,471$27,387,472$19,409,623$69,254,148
90$92,337,798$28,629,875$19,960,263$75,744,571
91$101,653,533$29,930,019$20,526,212$82,878,340
92$111,916,238$31,290,634$21,107,884$90,720,438
93$123,222,401$32,714,582$21,705,705$99,342,460
94$135,678,350$34,204,861$22,320,110$108,823,274
95$149,401,254$35,764,612$22,951,547$119,249,771
96$164,520,232$37,397,128$23,600,473$130,717,680
97$181,177,567$39,105,858$24,267,361$143,332,465
98$199,530,053$40,894,419$24,952,691$157,210,322
99$219,750,472$42,766,600$25,656,960$172,479,269
100$242,029,227$44,726,370$26,380,675$189,280,353