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%18%
1 years$883,596$875,725$868,047$860,552$853,233$825,590
2 years$437,424$429,277$421,382$413,727$406,301$378,711
3 years$288,719$280,537$272,662$265,079$257,774$231,102
4 years$214,381$206,225$198,428$190,974$183,847$158,298
5 years$169,790$161,683$153,988$146,687$139,757$115,399
6 years$140,073$132,026$124,445$117,306$110,585$87,438
7 years$118,854$110,875$103,415$96,444$89,935$67,997
8 years$102,948$95,041$87,704$80,905$74,610$53,865
9 years$90,582$82,750$75,539$68,913$62,833$43,257
10 years$80,696$72,940$65,857$59,403$53,536$35,100
11 years$72,612$64,934$57,979$51,699$46,043$28,711
12 years$65,881$58,281$51,455$45,347$39,900$23,635
13 years$60,189$52,669$45,972$40,034$34,794$19,555
14 years$55,315$47,875$41,306$35,538$30,500$16,246
15 years$51,094$43,735$37,294$31,694$26,854$13,542
16 years$47,405$40,126$33,812$28,378$23,734$11,319
17 years$44,153$36,954$30,768$25,498$21,044$9,482
18 years$41,266$34,147$28,087$22,979$18,712$7,958
19 years$38,685$31,648$25,712$20,763$16,678$6,690
20 years$36,366$29,408$23,597$18,805$14,897$5,631
21 years$34,270$27,393$21,705$17,067$13,331$4,744
22 years$32,367$25,570$20,005$15,518$11,950$4,001
23 years$30,633$23,915$18,471$14,132$10,727$3,377
24 years$29,045$22,407$17,082$12,889$9,641$2,852
25 years$27,586$21,028$15,822$11,771$8,676$2,410
26 years$26,242$19,763$14,674$10,763$7,815$2,037
27 years$25,000$18,599$13,626$9,852$7,046$1,723
28 years$23,848$17,526$12,667$9,026$6,357$1,457
29 years$22,778$16,534$11,788$8,277$5,741$1,233
30 years$21,781$15,614$10,980$7,596$5,187$1,044
31 years$20,850$14,761$10,236$6,977$4,690$884
32 years$19,979$13,967$9,551$6,412$4,242$748
33 years$19,162$13,227$8,917$5,896$3,839$634
34 years$18,395$12,536$8,332$5,425$3,476$537
35 years$17,674$11,890$7,790$4,994$3,148$454
36 years$16,994$11,285$7,287$4,599$2,852$385
37 years$16,353$10,718$6,821$4,238$2,585$326
38 years$15,746$10,186$6,387$3,906$2,344$276
39 years$15,172$9,686$5,984$3,602$2,125$234
40 years$14,629$9,216$5,609$3,322$1,928$198
41 years$14,113$8,772$5,259$3,065$1,749$168
42 years$13,623$8,355$4,933$2,828$1,587$142
43 years$13,157$7,960$4,629$2,611$1,440$121
44 years$12,713$7,588$4,345$2,411$1,307$102
45 years$12,290$7,236$4,080$2,226$1,187$87
46 years$11,887$6,903$3,832$2,057$1,078$73
47 years$11,503$6,587$3,600$1,900$979$62
48 years$11,135$6,288$3,383$1,756$889$53
49 years$10,783$6,005$3,180$1,623$807$45
50 years$10,447$5,736$2,990$1,500$733$38

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 $5,323 every year, while hoping to spend $59,381 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: 35/35/30 Blend
67$10,700,000$10,700,000$10,700,000$10,700,000
68$11,796,891$11,229,791$11,063,941$12,103,108
69$12,936,993$11,716,869$11,371,402$12,821,324
70$14,191,395$12,225,825$11,687,173$13,590,040
71$15,571,693$12,757,666$12,011,469$14,418,364
72$17,090,664$13,313,450$12,344,512$15,311,680
73$18,762,386$13,894,284$12,686,527$16,275,895
74$20,602,370$14,501,325$13,037,747$17,317,490
75$22,627,709$15,135,787$13,398,408$18,443,575
76$24,857,236$15,798,940$13,768,755$19,661,957
77$27,311,701$16,492,115$14,149,035$20,981,205
78$30,013,970$17,216,705$14,539,504$22,410,729
79$32,989,241$17,974,169$14,940,423$23,960,864
80$36,265,275$18,766,035$15,352,059$25,642,962
81$39,872,665$19,593,903$15,774,685$27,469,495
82$43,845,122$20,459,449$16,208,581$29,454,168
83$48,219,790$21,364,428$16,654,035$31,612,041
84$53,037,603$22,310,679$17,111,339$33,959,668
85$58,343,663$23,300,127$17,580,794$36,515,245
86$64,187,673$24,334,789$18,062,706$39,298,778
87$70,624,399$25,416,778$18,557,391$42,332,265
88$77,714,194$26,548,306$19,065,169$45,639,895
89$85,523,560$27,731,691$19,586,371$49,248,271
90$94,125,781$28,969,361$20,121,332$53,186,656
91$103,601,610$30,263,860$20,670,396$57,487,236
92$114,040,037$31,617,852$21,233,918$62,185,423
93$125,539,123$33,034,128$21,812,255$67,320,175
94$138,206,925$34,515,612$22,405,777$72,934,358
95$152,162,522$36,065,368$23,014,861$79,075,143
96$167,537,132$37,686,604$23,639,892$85,794,438
97$184,475,354$39,382,682$24,281,263$93,149,372
98$203,136,532$41,157,125$24,939,378$101,202,822
99$223,696,258$43,013,624$25,614,647$110,023,997
100$246,348,030$44,956,046$26,307,491$119,689,079