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

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$883,596$875,725$868,047$860,552$853,233$821,002
2 years$437,424$429,277$421,382$413,727$406,301$374,203
3 years$288,719$280,537$272,662$265,079$257,774$226,819
4 years$214,381$206,225$198,428$190,974$183,847$154,270
5 years$169,790$161,683$153,988$146,687$139,757$111,636
6 years$140,073$132,026$124,445$117,306$110,585$83,938
7 years$118,854$110,875$103,415$96,444$89,935$64,755
8 years$102,948$95,041$87,704$80,905$74,610$50,873
9 years$90,582$82,750$75,539$68,913$62,833$40,505
10 years$80,696$72,940$65,857$59,403$53,536$32,578
11 years$72,612$64,934$57,979$51,699$46,043$26,407
12 years$65,881$58,281$51,455$45,347$39,900$21,536
13 years$60,189$52,669$45,972$40,034$34,794$17,649
14 years$55,315$47,875$41,306$35,538$30,500$14,520
15 years$51,094$43,735$37,294$31,694$26,854$11,984
16 years$47,405$40,126$33,812$28,378$23,734$9,915
17 years$44,153$36,954$30,768$25,498$21,044$8,221
18 years$41,266$34,147$28,087$22,979$18,712$6,828
19 years$38,685$31,648$25,712$20,763$16,678$5,679
20 years$36,366$29,408$23,597$18,805$14,897$4,729
21 years$34,270$27,393$21,705$17,067$13,331$3,942
22 years$32,367$25,570$20,005$15,518$11,950$3,288
23 years$30,633$23,915$18,471$14,132$10,727$2,745
24 years$29,045$22,407$17,082$12,889$9,641$2,292
25 years$27,586$21,028$15,822$11,771$8,676$1,915
26 years$26,242$19,763$14,674$10,763$7,815$1,601
27 years$25,000$18,599$13,626$9,852$7,046$1,339
28 years$23,848$17,526$12,667$9,026$6,357$1,120
29 years$22,778$16,534$11,788$8,277$5,741$937
30 years$21,781$15,614$10,980$7,596$5,187$784
31 years$20,850$14,761$10,236$6,977$4,690$656
32 years$19,979$13,967$9,551$6,412$4,242$549
33 years$19,162$13,227$8,917$5,896$3,839$459
34 years$18,395$12,536$8,332$5,425$3,476$385
35 years$17,674$11,890$7,790$4,994$3,148$322
36 years$16,994$11,285$7,287$4,599$2,852$270
37 years$16,353$10,718$6,821$4,238$2,585$226
38 years$15,746$10,186$6,387$3,906$2,344$189
39 years$15,172$9,686$5,984$3,602$2,125$158
40 years$14,629$9,216$5,609$3,322$1,928$133
41 years$14,113$8,772$5,259$3,065$1,749$111
42 years$13,623$8,355$4,933$2,828$1,587$93
43 years$13,157$7,960$4,629$2,611$1,440$78
44 years$12,713$7,588$4,345$2,411$1,307$65
45 years$12,290$7,236$4,080$2,226$1,187$55
46 years$11,887$6,903$3,832$2,057$1,078$46
47 years$11,503$6,587$3,600$1,900$979$38
48 years$11,135$6,288$3,383$1,756$889$32
49 years$10,783$6,005$3,180$1,623$807$27
50 years$10,447$5,736$2,990$1,500$733$22

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 $4,537 every year, while hoping to spend $47,478 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: 66/29/5 Blend
67$10,700,000$10,700,000$10,700,000$10,700,000
68$11,796,080$11,228,980$11,063,130$12,566,791
69$12,948,764$11,728,684$11,383,229$13,578,309
70$14,217,430$12,251,282$11,712,459$14,677,161
71$15,613,859$12,797,846$12,051,078$15,876,716
72$17,151,031$13,369,498$12,399,347$17,186,772
73$18,843,248$13,967,415$12,757,537$18,618,102
74$20,706,269$14,592,829$13,125,924$20,182,559
75$22,757,461$15,247,029$13,504,795$21,893,178
76$25,015,957$15,931,369$13,894,441$23,764,305
77$27,502,843$16,647,264$14,295,163$25,811,721
78$30,241,352$17,396,199$14,707,269$28,052,792
79$33,257,085$18,179,728$15,131,078$30,506,628
80$36,578,253$18,999,480$15,566,915$33,194,259
81$40,235,942$19,857,162$16,015,113$36,138,832
82$44,264,406$20,754,561$16,476,018$39,365,821
83$48,701,392$21,693,552$16,949,982$42,903,271
84$53,588,495$22,676,096$17,437,367$46,782,048
85$58,971,548$23,704,251$17,938,545$51,036,135
86$64,901,059$24,780,173$18,453,899$55,702,941
87$71,432,684$25,906,118$18,983,822$60,823,655
88$78,627,754$27,084,454$19,528,716$66,443,623
89$86,553,852$28,317,660$20,088,996$72,612,778
90$95,285,454$29,608,334$20,665,086$79,386,098
91$104,904,627$30,959,199$21,257,423$86,824,124
92$115,501,807$32,373,108$21,866,455$94,993,524
93$127,176,653$33,853,052$22,492,642$103,967,715
94$140,038,982$35,402,162$23,136,457$113,827,548
95$154,209,815$37,023,725$23,798,384$124,662,065
96$169,822,508$38,721,179$24,478,922$136,569,335
97$187,024,020$40,498,133$25,178,582$149,657,367
98$205,976,293$42,358,365$25,897,888$164,045,121
99$226,857,788$44,305,837$26,637,380$179,863,629
100$249,865,159$46,344,700$27,397,609$197,257,214