Can I retire at age 68 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$883,596$875,725$868,047$860,552$853,233$834,301
2 years$437,424$429,277$421,382$413,727$406,301$387,327
3 years$288,719$280,537$272,662$265,079$257,774$239,349
4 years$214,381$206,225$198,428$190,974$183,847$166,112
5 years$169,790$161,683$153,988$146,687$139,757$122,764
6 years$140,073$132,026$124,445$117,306$110,585$94,351
7 years$118,854$110,875$103,415$96,444$89,935$74,462
8 years$102,948$95,041$87,704$80,905$74,610$59,893
9 years$90,582$82,750$75,539$68,913$62,833$48,861
10 years$80,696$72,940$65,857$59,403$53,536$40,296
11 years$72,612$64,934$57,979$51,699$46,043$33,515
12 years$65,881$58,281$51,455$45,347$39,900$28,066
13 years$60,189$52,669$45,972$40,034$34,794$23,632
14 years$55,315$47,875$41,306$35,538$30,500$19,987
15 years$51,094$43,735$37,294$31,694$26,854$16,968
16 years$47,405$40,126$33,812$28,378$23,734$14,449
17 years$44,153$36,954$30,768$25,498$21,044$12,336
18 years$41,266$34,147$28,087$22,979$18,712$10,554
19 years$38,685$31,648$25,712$20,763$16,678$9,047
20 years$36,366$29,408$23,597$18,805$14,897$7,766
21 years$34,270$27,393$21,705$17,067$13,331$6,676
22 years$32,367$25,570$20,005$15,518$11,950$5,745
23 years$30,633$23,915$18,471$14,132$10,727$4,949
24 years$29,045$22,407$17,082$12,889$9,641$4,267
25 years$27,586$21,028$15,822$11,771$8,676$3,681
26 years$26,242$19,763$14,674$10,763$7,815$3,178
27 years$25,000$18,599$13,626$9,852$7,046$2,745
28 years$23,848$17,526$12,667$9,026$6,357$2,372
29 years$22,778$16,534$11,788$8,277$5,741$2,050
30 years$21,781$15,614$10,980$7,596$5,187$1,773
31 years$20,850$14,761$10,236$6,977$4,690$1,533
32 years$19,979$13,967$9,551$6,412$4,242$1,327
33 years$19,162$13,227$8,917$5,896$3,839$1,148
34 years$18,395$12,536$8,332$5,425$3,476$994
35 years$17,674$11,890$7,790$4,994$3,148$860
36 years$16,994$11,285$7,287$4,599$2,852$745
37 years$16,353$10,718$6,821$4,238$2,585$645
38 years$15,746$10,186$6,387$3,906$2,344$558
39 years$15,172$9,686$5,984$3,602$2,125$484
40 years$14,629$9,216$5,609$3,322$1,928$419
41 years$14,113$8,772$5,259$3,065$1,749$363
42 years$13,623$8,355$4,933$2,828$1,587$314
43 years$13,157$7,960$4,629$2,611$1,440$272
44 years$12,713$7,588$4,345$2,411$1,307$236
45 years$12,290$7,236$4,080$2,226$1,187$204
46 years$11,887$6,903$3,832$2,057$1,078$177
47 years$11,503$6,587$3,600$1,900$979$153
48 years$11,135$6,288$3,383$1,756$889$133
49 years$10,783$6,005$3,180$1,623$807$115
50 years$10,447$5,736$2,990$1,500$733$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $10,700,000, adding $3,852 every year, while hoping to spend $42,149 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: 40/42/18 Blend
67$10,700,000$10,700,000$10,700,000$10,700,000
68$11,795,373$11,228,273$11,062,423$12,204,028
69$12,953,655$11,733,613$11,388,168$13,001,130
70$14,228,669$12,262,301$11,723,413$13,858,547
71$15,632,277$12,815,437$12,068,431$14,785,240
72$17,177,551$13,394,175$12,423,505$15,787,532
73$18,878,891$13,999,720$12,788,923$16,872,358
74$20,752,170$14,633,337$13,164,983$18,047,324
75$22,814,872$15,296,353$13,551,992$19,320,781
76$25,086,270$15,990,154$13,950,263$20,701,893
77$27,587,594$16,716,196$14,360,122$22,200,721
78$30,342,243$17,476,005$14,781,901$23,828,312
79$33,375,999$18,271,176$15,215,941$25,596,799
80$36,717,271$19,103,384$15,662,596$27,519,507
81$40,397,367$19,974,383$16,122,227$29,611,077
82$44,450,782$20,886,012$16,595,205$31,887,594
83$48,915,532$21,840,197$17,081,914$34,366,736
84$53,833,505$22,838,955$17,582,748$37,067,928
85$59,250,862$23,884,404$18,098,109$40,012,528
86$65,218,470$24,978,759$18,628,416$43,224,009
87$71,792,380$26,124,344$19,174,093$46,728,184
88$79,034,360$27,323,595$19,735,583$50,553,435
89$87,012,475$28,579,061$20,313,336$54,730,973
90$95,801,731$29,893,419$20,907,816$59,295,125
91$105,484,782$31,269,471$21,519,502$64,283,650
92$116,152,710$32,710,155$22,148,885$69,738,081
93$127,905,883$34,218,549$22,796,470$75,704,112
94$140,854,906$35,797,881$23,462,774$82,232,017
95$155,121,662$37,451,533$24,148,333$89,377,110
96$170,840,463$39,183,050$24,853,694$97,200,261
97$188,159,318$40,996,147$25,579,420$105,768,454
98$207,241,330$42,894,720$26,326,092$115,155,408
99$228,266,234$44,882,850$27,094,305$125,442,261
100$251,432,097$46,964,816$27,884,672$136,718,319