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%11.6%
1 years$867,080$859,357$851,821$844,466$837,285$831,659
2 years$429,248$421,253$413,506$405,993$398,707$393,034
3 years$283,323$275,294$267,565$260,124$252,956$247,410
4 years$210,374$202,370$194,719$187,405$180,410$175,035
5 years$166,617$158,661$151,110$143,945$137,145$131,956
6 years$137,455$129,558$122,119$115,114$108,518$103,522
7 years$116,633$108,803$101,482$94,641$88,254$83,454
8 years$101,023$93,264$86,065$79,392$73,216$68,610
9 years$88,889$81,203$74,127$67,625$61,658$57,247
10 years$79,187$71,577$64,626$58,293$52,536$48,316
11 years$71,255$63,720$56,896$50,732$45,183$41,152
12 years$64,649$57,192$50,493$44,499$39,154$35,309
13 years$59,064$51,685$45,113$39,286$34,143$30,479
14 years$54,281$46,980$40,534$34,874$29,930$26,443
15 years$50,139$42,917$36,597$31,101$26,353$23,038
16 years$46,519$39,376$33,180$27,848$23,290$20,143
17 years$43,328$36,264$30,193$25,021$20,651$17,666
18 years$40,494$33,509$27,562$22,549$18,362$15,534
19 years$37,962$31,056$25,232$20,375$16,366$13,690
20 years$35,686$28,859$23,156$18,453$14,619$12,089
21 years$33,630$26,881$21,299$16,748$13,082$10,693
22 years$31,762$25,092$19,631$15,227$11,726$9,473
23 years$30,060$23,468$18,125$13,868$10,526$8,402
24 years$28,502$21,988$16,763$12,648$9,461$7,461
25 years$27,071$20,635$15,526$11,551$8,514$6,632
26 years$25,752$19,393$14,399$10,562$7,669$5,901
27 years$24,532$18,251$13,371$9,668$6,914$5,254
28 years$23,402$17,198$12,430$8,858$6,239$4,682
29 years$22,352$16,225$11,567$8,123$5,633$4,174
30 years$21,373$15,322$10,775$7,454$5,090$3,723
31 years$20,460$14,485$10,045$6,846$4,602$3,323
32 years$19,605$13,706$9,372$6,292$4,163$2,967
33 years$18,804$12,979$8,751$5,786$3,767$2,650
34 years$18,051$12,301$8,176$5,324$3,411$2,368
35 years$17,344$11,668$7,644$4,901$3,089$2,116
36 years$16,676$11,074$7,151$4,513$2,799$1,892
37 years$16,047$10,518$6,693$4,158$2,537$1,692
38 years$15,452$9,996$6,268$3,833$2,300$1,513
39 years$14,889$9,505$5,872$3,534$2,086$1,354
40 years$14,355$9,043$5,504$3,260$1,892$1,211
41 years$13,849$8,608$5,161$3,008$1,716$1,084
42 years$13,368$8,198$4,841$2,776$1,557$970
43 years$12,911$7,811$4,543$2,562$1,413$868
44 years$12,475$7,446$4,264$2,366$1,283$777
45 years$12,061$7,100$4,004$2,185$1,165$696
46 years$11,665$6,773$3,761$2,018$1,057$623
47 years$11,288$6,464$3,533$1,865$960$558
48 years$10,927$6,171$3,320$1,723$872$500
49 years$10,582$5,893$3,121$1,592$792$448
50 years$10,252$5,629$2,934$1,472$719$401

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 $3,077 every year, while hoping to spend $48,628 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: 66/24/10 Blend
67$10,500,000$10,500,000$10,500,000$10,500,000
68$11,574,174$11,017,674$10,854,924$12,313,533
69$12,703,000$11,505,800$11,166,824$13,294,202
70$13,945,336$12,016,215$11,487,543$14,359,561
71$15,312,710$12,549,958$11,817,325$15,522,676
72$16,817,821$13,108,122$12,156,421$16,793,085
73$18,474,665$13,691,846$12,505,087$18,181,282
74$20,298,663$14,302,328$12,863,589$19,698,810
75$22,306,804$14,940,820$13,232,197$21,358,371
76$24,517,814$15,608,635$13,611,191$23,173,942
77$26,952,321$16,307,148$14,000,856$25,160,904
78$29,633,059$17,037,800$14,401,486$27,336,184
79$32,585,077$17,802,099$14,813,382$29,718,414
80$35,835,979$18,601,626$15,236,855$32,328,098
81$39,416,181$19,438,037$15,672,221$35,187,809
82$43,359,199$20,313,069$16,119,808$38,322,396
83$47,701,965$21,228,537$16,579,950$41,759,211
84$52,485,178$22,186,347$17,052,990$45,528,372
85$57,753,683$23,188,495$17,539,282$49,663,034
86$63,556,898$24,237,072$18,039,188$54,199,704
87$69,949,281$25,334,267$18,553,079$59,178,580
88$76,990,838$26,482,376$19,081,338$64,643,923
89$84,747,695$27,683,805$19,624,355$70,644,476
90$93,292,722$28,941,073$20,182,533$77,233,912
91$102,706,216$30,256,822$20,756,283$84,471,342
92$113,076,661$31,633,817$21,346,030$92,421,863
93$124,501,566$33,074,960$21,952,208$101,157,169
94$137,088,380$34,583,287$22,575,261$110,756,223
95$150,955,510$36,161,984$23,215,648$121,305,992
96$166,233,438$37,814,386$23,873,837$132,902,268
97$183,065,948$39,543,991$24,550,311$145,650,559
98$201,611,491$41,354,463$25,245,562$159,667,082
99$222,044,673$43,249,641$25,960,098$175,079,851
100$244,557,906$45,233,550$26,694,439$192,029,880