Can I retire at age 68 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$867,080$859,357$851,821$844,466$837,285$822,399
2 years$429,248$421,253$413,506$405,993$398,707$383,761
3 years$283,323$275,294$267,565$260,124$252,956$238,415
4 years$210,374$202,370$194,719$187,405$180,410$166,386
5 years$166,617$158,661$151,110$143,945$137,145$123,678
6 years$137,455$129,558$122,119$115,114$108,518$95,623
7 years$116,633$108,803$101,482$94,641$88,254$75,935
8 years$101,023$93,264$86,065$79,392$73,216$61,469
9 years$88,889$81,203$74,127$67,625$61,658$50,478
10 years$79,187$71,577$64,626$58,293$52,536$41,912
11 years$71,255$63,720$56,896$50,732$45,183$35,103
12 years$64,649$57,192$50,493$44,499$39,154$29,606
13 years$59,064$51,685$45,113$39,286$34,143$25,111
14 years$54,281$46,980$40,534$34,874$29,930$21,398
15 years$50,139$42,917$36,597$31,101$26,353$18,304
16 years$46,519$39,376$33,180$27,848$23,290$15,708
17 years$43,328$36,264$30,193$25,021$20,651$13,517
18 years$40,494$33,509$27,562$22,549$18,362$11,658
19 years$37,962$31,056$25,232$20,375$16,366$10,075
20 years$35,686$28,859$23,156$18,453$14,619$8,721
21 years$33,630$26,881$21,299$16,748$13,082$7,560
22 years$31,762$25,092$19,631$15,227$11,726$6,561
23 years$30,060$23,468$18,125$13,868$10,526$5,700
24 years$28,502$21,988$16,763$12,648$9,461$4,957
25 years$27,071$20,635$15,526$11,551$8,514$4,314
26 years$25,752$19,393$14,399$10,562$7,669$3,757
27 years$24,532$18,251$13,371$9,668$6,914$3,274
28 years$23,402$17,198$12,430$8,858$6,239$2,855
29 years$22,352$16,225$11,567$8,123$5,633$2,490
30 years$21,373$15,322$10,775$7,454$5,090$2,173
31 years$20,460$14,485$10,045$6,846$4,602$1,896
32 years$19,605$13,706$9,372$6,292$4,163$1,656
33 years$18,804$12,979$8,751$5,786$3,767$1,446
34 years$18,051$12,301$8,176$5,324$3,411$1,263
35 years$17,344$11,668$7,644$4,901$3,089$1,104
36 years$16,676$11,074$7,151$4,513$2,799$964
37 years$16,047$10,518$6,693$4,158$2,537$843
38 years$15,452$9,996$6,268$3,833$2,300$737
39 years$14,889$9,505$5,872$3,534$2,086$644
40 years$14,355$9,043$5,504$3,260$1,892$563
41 years$13,849$8,608$5,161$3,008$1,716$492
42 years$13,368$8,198$4,841$2,776$1,557$431
43 years$12,911$7,811$4,543$2,562$1,413$377
44 years$12,475$7,446$4,264$2,366$1,283$329
45 years$12,061$7,100$4,004$2,185$1,165$288
46 years$11,665$6,773$3,761$2,018$1,057$252
47 years$11,288$6,464$3,533$1,865$960$220
48 years$10,927$6,171$3,320$1,723$872$193
49 years$10,582$5,893$3,121$1,592$792$169
50 years$10,252$5,629$2,934$1,472$719$147

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $10,500,000, adding $6,169 every year, while hoping to spend $44,053 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: 54/18/28 Blend
67$10,500,000$10,500,000$10,500,000$10,500,000
68$11,577,363$11,020,863$10,858,113$12,112,071
69$12,711,382$11,514,014$11,174,988$12,975,618
70$13,959,595$12,029,852$11,501,002$13,910,255
71$15,333,602$12,569,443$11,836,414$14,926,958
72$16,846,187$13,133,903$12,181,491$16,033,622
73$18,511,435$13,724,402$12,536,508$17,238,929
74$20,344,867$14,342,163$12,901,747$18,552,429
75$22,363,585$14,988,470$13,277,497$19,984,624
76$24,586,434$15,664,668$13,664,056$21,547,070
77$27,034,179$16,372,166$14,061,731$23,252,477
78$29,729,701$17,112,438$14,470,835$25,114,832
79$32,698,215$17,887,032$14,891,692$27,149,525
80$35,967,504$18,697,568$15,324,635$29,373,491
81$39,568,184$19,545,743$15,770,005$31,805,370
82$43,533,991$20,433,337$16,228,152$34,465,673
83$47,902,101$21,362,213$16,699,438$37,376,981
84$52,713,478$22,334,325$17,184,232$40,564,146
85$58,013,265$23,351,719$17,682,916$44,054,530
86$63,851,206$24,416,540$18,195,881$47,878,250
87$70,282,114$25,531,036$18,723,529$52,068,468
88$77,366,395$26,697,562$19,266,272$56,661,694
89$85,170,611$27,918,587$19,824,536$61,698,126
90$93,768,112$29,196,696$20,398,756$67,222,028
91$103,239,726$30,534,600$20,989,381$73,282,142
92$113,674,523$31,935,141$21,596,871$79,932,141
93$125,170,657$33,401,295$22,221,698$87,231,132
94$137,836,288$34,936,183$22,864,349$95,244,212
95$151,790,607$36,543,074$23,525,323$104,043,069
96$167,164,960$38,225,396$24,205,133$113,706,661
97$184,104,087$39,986,740$24,904,305$124,321,949
98$202,767,485$41,830,872$25,623,381$135,984,717
99$223,330,921$43,761,737$26,362,916$148,800,465
100$245,988,083$45,783,471$27,123,482$162,885,400