Can I retire at age 68 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$891,854$883,910$876,159$868,594$861,207$843,130
2 years$441,512$433,289$425,320$417,593$410,099$391,971
3 years$291,417$283,159$275,210$267,556$260,183$242,571
4 years$216,385$208,152$200,283$192,759$185,565$168,604
5 years$171,377$163,194$155,427$148,057$141,064$124,802
6 years$141,382$133,260$125,608$118,403$111,619$96,074
7 years$119,965$111,911$104,381$97,345$90,776$75,951
8 years$103,910$95,929$88,524$81,661$75,307$61,197
9 years$91,429$83,523$76,245$69,557$63,420$50,015
10 years$81,450$73,622$66,472$59,959$54,037$41,324
11 years$73,291$65,541$58,521$52,182$46,473$34,436
12 years$66,496$58,826$51,936$45,771$40,273$28,893
13 years$60,752$53,162$46,401$40,409$35,119$24,377
14 years$55,832$48,322$41,692$35,870$30,785$20,660
15 years$51,572$44,143$37,642$31,990$27,105$17,575
16 years$47,848$40,501$34,128$28,644$23,956$14,998
17 years$44,566$37,300$31,055$25,736$21,241$12,832
18 years$41,651$34,467$28,349$23,193$18,886$11,003
19 years$39,047$31,943$25,953$20,957$16,834$9,452
20 years$36,706$29,683$23,818$18,981$15,036$8,133
21 years$34,590$27,649$21,908$17,226$13,456$7,007
22 years$32,670$25,809$20,192$15,663$12,061$6,044
23 years$30,919$24,139$18,643$14,264$10,827$5,219
24 years$29,316$22,616$17,242$13,010$9,731$4,510
25 years$27,844$21,224$15,970$11,881$8,757$3,900
26 years$26,487$19,948$14,811$10,864$7,888$3,375
27 years$25,233$18,773$13,753$9,944$7,112$2,922
28 years$24,071$17,690$12,785$9,111$6,417$2,531
29 years$22,991$16,688$11,898$8,355$5,794$2,193
30 years$21,984$15,760$11,082$7,667$5,235$1,901
31 years$21,044$14,899$10,332$7,042$4,733$1,649
32 years$20,165$14,097$9,640$6,472$4,282$1,430
33 years$19,341$13,350$9,001$5,951$3,875$1,240
34 years$18,567$12,653$8,410$5,476$3,508$1,076
35 years$17,839$12,001$7,863$5,041$3,178$934
36 years$17,153$11,391$7,355$4,642$2,879$811
37 years$16,505$10,819$6,884$4,277$2,609$704
38 years$15,893$10,282$6,447$3,942$2,366$611
39 years$15,314$9,777$6,040$3,635$2,145$531
40 years$14,765$9,302$5,661$3,353$1,946$461
41 years$14,245$8,854$5,309$3,093$1,765$400
42 years$13,750$8,433$4,980$2,855$1,602$347
43 years$13,280$8,035$4,673$2,635$1,454$302
44 years$12,832$7,659$4,386$2,433$1,320$262
45 years$12,405$7,303$4,118$2,247$1,198$228
46 years$11,998$6,967$3,868$2,076$1,088$198
47 years$11,610$6,649$3,634$1,918$988$172
48 years$11,239$6,347$3,415$1,772$897$149
49 years$10,884$6,061$3,210$1,638$815$130
50 years$10,545$5,790$3,018$1,514$740$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $10,800,000, adding $4,095 every year, while hoping to spend $28,598 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: 44/39/17 Blend
67$10,800,000$10,800,000$10,800,000$10,800,000
68$11,905,824$11,333,424$11,166,024$12,371,033
69$13,089,790$11,858,334$11,509,658$13,222,650
70$14,393,562$12,408,006$11,863,845$14,141,995
71$15,829,330$12,983,623$12,228,908$15,137,870
72$17,410,527$13,586,425$12,605,182$16,217,353
73$19,151,954$14,217,713$12,993,008$17,388,215
74$21,069,921$14,878,849$13,392,742$18,658,983
75$23,182,401$15,571,261$13,804,748$20,039,021
76$25,509,200$16,296,447$14,229,401$21,538,610
77$28,072,142$17,055,976$14,667,089$23,169,042
78$30,895,276$17,851,494$15,118,211$24,942,723
79$34,005,102$18,684,725$15,583,179$26,873,280
80$37,430,823$19,557,477$16,062,417$28,975,686
81$41,204,619$20,471,646$16,556,360$31,266,397
82$45,361,952$21,429,219$17,065,460$33,763,501
83$49,941,899$22,432,278$17,590,181$36,486,877
84$54,987,521$23,483,008$18,131,000$39,458,385
85$60,546,269$24,583,697$18,688,410$42,702,054
86$66,670,436$25,736,745$19,262,919$46,244,312
87$73,417,644$26,944,669$19,855,050$50,114,220
88$80,851,392$28,210,106$20,465,343$54,343,740
89$89,041,655$29,535,822$21,094,352$58,968,033
90$98,065,542$30,924,716$21,742,651$64,025,772
91$108,008,027$32,379,827$22,410,830$69,559,509
92$118,962,749$33,904,342$23,099,496$75,616,056
93$131,032,897$35,501,602$23,809,277$82,246,926
94$144,332,183$37,175,111$24,540,818$89,508,801
95$158,985,914$38,928,540$25,294,784$97,464,061
96$175,132,179$40,765,740$26,071,861$106,181,357
97$192,923,149$42,690,749$26,872,756$115,736,251
98$212,526,514$44,707,799$27,698,197$126,211,910
99$234,127,066$46,821,328$28,548,933$137,699,886
100$257,928,443$49,035,990$29,425,740$150,300,959