Can I retire at age 68 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$900,112$892,094$884,272$876,637$869,181$854,430
2 years$445,600$437,301$429,258$421,460$413,896$399,080
3 years$294,116$285,781$277,758$270,033$262,593$248,173
4 years$218,389$210,079$202,137$194,544$187,283$173,371
5 years$172,964$164,705$156,867$149,428$142,370$129,005
6 years$142,691$134,494$126,772$119,499$112,652$99,851
7 years$121,076$112,948$105,348$98,247$91,616$79,381
8 years$104,872$96,817$89,343$82,417$76,005$64,333
9 years$92,275$84,297$76,951$70,201$64,007$52,893
10 years$82,204$74,303$67,088$60,514$54,537$43,971
11 years$73,969$66,148$59,063$52,665$46,904$36,874
12 years$67,112$59,371$52,417$46,194$40,646$31,140
13 years$61,314$53,654$46,831$40,783$35,444$26,447
14 years$56,349$48,770$42,078$36,202$31,070$22,566
15 years$52,049$44,552$37,991$32,286$27,356$19,330
16 years$48,291$40,876$34,444$28,909$24,178$16,612
17 years$44,978$37,645$31,343$25,974$21,438$14,315
18 years$42,037$34,786$28,612$23,408$19,061$12,365
19 years$39,408$32,239$26,193$21,151$16,990$10,701
20 years$37,046$29,958$24,039$19,156$15,176$9,277
21 years$34,911$27,905$22,111$17,386$13,580$8,054
22 years$32,972$26,048$20,379$15,808$12,173$7,001
23 years$31,205$24,362$18,816$14,396$10,927$6,092
24 years$29,588$22,826$17,402$13,130$9,822$5,306
25 years$28,102$21,421$16,117$11,991$8,838$4,625
26 years$26,733$20,132$14,948$10,964$7,961$4,034
27 years$25,467$18,947$13,881$10,036$7,177$3,521
28 years$24,294$17,853$12,904$9,195$6,476$3,075
29 years$23,203$16,843$12,008$8,432$5,848$2,687
30 years$22,188$15,906$11,185$7,738$5,284$2,348
31 years$21,239$15,037$10,428$7,107$4,777$2,053
32 years$20,352$14,228$9,729$6,532$4,321$1,795
33 years$19,520$13,474$9,084$6,006$3,911$1,571
34 years$18,739$12,770$8,488$5,526$3,541$1,374
35 years$18,004$12,112$7,935$5,087$3,207$1,203
36 years$17,312$11,496$7,423$4,685$2,906$1,053
37 years$16,658$10,919$6,948$4,317$2,634$922
38 years$16,041$10,377$6,507$3,979$2,388$807
39 years$15,456$9,867$6,096$3,669$2,165$707
40 years$14,902$9,388$5,714$3,384$1,964$619
41 years$14,376$8,936$5,358$3,122$1,782$542
42 years$13,877$8,511$5,026$2,881$1,617$475
43 years$13,403$8,109$4,716$2,660$1,467$416
44 years$12,951$7,730$4,427$2,456$1,332$364
45 years$12,520$7,371$4,157$2,268$1,209$319
46 years$12,110$7,032$3,904$2,095$1,098$280
47 years$11,718$6,710$3,668$1,936$997$245
48 years$11,343$6,406$3,447$1,789$905$215
49 years$10,985$6,117$3,240$1,653$822$188
50 years$10,642$5,843$3,046$1,528$747$165

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $10,900,000, adding $5,390 every year, while hoping to spend $27,406 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: 54/17/29 Blend
67$10,900,000$10,900,000$10,900,000$10,900,000
68$12,017,360$11,439,660$11,270,710$12,568,919
69$13,213,971$11,971,043$11,619,119$13,482,722
70$14,531,717$12,527,546$11,978,281$14,473,842
71$15,982,927$13,110,370$12,348,528$15,552,400
72$17,581,182$13,720,775$12,730,200$16,726,808
73$19,341,452$14,360,082$13,123,651$18,006,313
74$21,280,229$15,029,675$13,529,242$19,401,087
75$23,415,688$15,731,005$13,947,348$20,922,316
76$25,767,859$16,465,595$14,378,354$22,582,305
77$28,358,809$17,235,038$14,822,658$24,394,590
78$31,212,859$18,041,006$15,280,668$26,374,065
79$34,356,808$18,885,252$15,752,808$28,537,117
80$37,820,187$19,769,615$16,239,512$30,901,777
81$41,635,539$20,696,018$16,741,228$33,487,888
82$45,838,724$21,666,483$17,258,419$36,317,290
83$50,469,259$22,683,126$17,791,562$39,414,018
84$55,570,691$23,748,167$18,341,146$42,804,529
85$61,191,006$24,863,932$18,907,680$46,517,946
86$67,383,085$26,032,861$19,491,683$50,586,329
87$74,205,199$27,257,511$20,093,694$55,044,970
88$81,721,564$28,540,564$20,714,268$59,932,728
89$90,002,943$29,884,830$21,353,975$65,292,384
90$99,127,314$31,293,258$22,013,404$71,171,046
91$109,180,609$32,768,936$22,693,162$77,620,581
92$120,257,523$34,315,106$23,393,874$84,698,106
93$132,462,408$35,935,164$24,116,187$92,466,519
94$145,910,257$37,632,670$24,860,763$100,995,083
95$160,727,792$39,411,361$25,628,288$110,360,081
96$177,054,659$41,275,149$26,419,467$120,645,521
97$195,044,745$43,228,142$27,235,029$131,943,929
98$214,867,630$45,274,642$28,075,724$144,357,213
99$236,710,191$47,419,162$28,942,324$157,997,615
100$260,778,364$49,666,435$29,835,626$172,988,766