Can I retire at age 68 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$875,338$867,541$859,934$852,509$845,259$815,593
2 years$433,336$425,265$417,444$409,860$402,504$372,928
3 years$286,021$277,916$270,114$262,601$255,365$226,808
4 years$212,378$204,297$196,574$189,189$182,129$154,808
5 years$168,204$160,172$152,549$145,316$138,451$112,440
6 years$138,764$130,792$123,282$116,210$109,552$84,869
7 years$117,743$109,839$102,448$95,543$89,095$65,736
8 years$101,985$94,152$86,884$80,148$73,913$51,859
9 years$89,736$81,977$74,833$68,269$62,245$41,468
10 years$79,942$72,258$65,241$58,848$53,036$33,500
11 years$71,933$64,327$57,438$51,216$45,613$27,278
12 years$65,265$57,737$50,974$44,923$39,527$22,351
13 years$59,627$52,177$45,542$39,660$34,468$18,405
14 years$54,798$47,428$40,920$35,206$30,215$15,216
15 years$50,617$43,326$36,945$31,398$26,603$12,621
16 years$46,962$39,751$33,496$28,113$23,512$10,496
17 years$43,741$36,609$30,480$25,259$20,848$8,747
18 years$40,880$33,828$27,824$22,764$18,537$7,303
19 years$38,324$31,352$25,472$20,569$16,522$6,107
20 years$36,026$29,134$23,377$18,629$14,758$5,112
21 years$33,950$27,137$21,502$16,907$13,207$4,284
22 years$32,065$25,331$19,818$15,373$11,838$3,593
23 years$30,346$23,692$18,298$14,000$10,626$3,016
24 years$28,773$22,198$16,923$12,769$9,551$2,533
25 years$27,328$20,831$15,674$11,661$8,595$2,128
26 years$25,997$19,578$14,537$10,662$7,742$1,789
27 years$24,766$18,425$13,499$9,760$6,980$1,505
28 years$23,625$17,362$12,549$8,942$6,298$1,266
29 years$22,565$16,379$11,678$8,200$5,687$1,065
30 years$21,577$15,468$10,877$7,525$5,139$896
31 years$20,655$14,623$10,141$6,912$4,646$754
32 years$19,792$13,836$9,461$6,352$4,202$635
33 years$18,983$13,103$8,834$5,841$3,803$535
34 years$18,223$12,419$8,254$5,374$3,443$450
35 years$17,509$11,779$7,717$4,947$3,119$379
36 years$16,835$11,180$7,219$4,556$2,826$319
37 years$16,200$10,618$6,757$4,198$2,561$269
38 years$15,599$10,091$6,328$3,869$2,322$226
39 years$15,031$9,596$5,928$3,568$2,106$191
40 years$14,492$9,130$5,556$3,291$1,910$161
41 years$13,981$8,690$5,210$3,036$1,733$135
42 years$13,495$8,277$4,887$2,802$1,572$114
43 years$13,034$7,886$4,586$2,587$1,427$96
44 years$12,594$7,517$4,305$2,388$1,295$81
45 years$12,176$7,168$4,042$2,206$1,176$68
46 years$11,776$6,838$3,796$2,037$1,068$57
47 years$11,395$6,526$3,567$1,882$969$48
48 years$11,031$6,230$3,352$1,739$880$41
49 years$10,683$5,949$3,150$1,607$800$34
50 years$10,349$5,683$2,962$1,486$726$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $10,600,000, adding $2,049 every year, while hoping to spend $29,383 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: 25/49/26 Blend
67$10,600,000$10,600,000$10,600,000$10,600,000
68$11,683,314$11,121,514$10,957,214$11,879,512
69$12,843,748$11,635,204$11,293,017$12,555,431
70$14,121,562$12,173,081$11,639,085$13,276,992
71$15,528,698$12,736,298$11,995,730$14,050,050
72$17,078,313$13,326,065$12,363,276$14,878,940
73$18,784,909$13,943,650$12,742,053$15,768,396
74$20,664,462$14,590,382$13,132,404$16,723,595
75$22,734,580$15,267,653$13,534,682$17,750,200
76$25,014,664$15,976,924$13,949,251$18,854,403
77$27,526,092$16,719,726$14,376,483$20,042,983
78$30,292,424$17,497,664$14,816,766$21,323,356
79$33,339,620$18,312,418$15,270,497$22,703,649
80$36,696,288$19,165,753$15,738,084$24,192,757
81$40,393,950$20,059,515$16,219,951$25,800,428
82$44,467,345$20,995,643$16,716,531$27,537,347
83$48,954,752$21,976,168$17,228,273$29,415,224
84$53,898,355$23,003,218$17,755,639$31,446,897
85$59,344,637$24,079,026$18,299,102$33,646,449
86$65,344,822$25,205,930$18,859,154$36,029,326
87$71,955,357$26,386,385$19,436,300$38,612,476
88$79,238,446$27,622,960$20,031,059$41,414,497
89$87,262,635$28,918,353$20,643,966$44,455,803
90$96,103,461$30,275,388$21,275,576$47,758,807
91$105,844,161$31,697,030$21,926,455$51,348,115
92$116,576,464$33,186,383$22,597,190$55,250,754
93$128,401,453$34,746,705$23,288,385$59,496,408
94$141,430,518$36,381,410$24,000,663$64,117,687
95$155,786,408$38,094,077$24,734,663$69,150,420
96$171,604,394$39,888,460$25,491,046$74,633,982
97$189,033,540$41,768,491$26,270,493$80,611,644
98$208,238,111$43,738,297$27,073,705$87,130,971
99$229,399,128$45,802,204$27,901,404$94,244,252
100$252,716,071$47,964,744$28,754,333$102,008,973