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%19.5%
1 years$900,112$892,094$884,272$876,637$869,181$836,016
2 years$445,600$437,301$429,258$421,460$413,896$380,873
3 years$294,116$285,781$277,758$270,033$262,593$230,751
4 years$218,389$210,079$202,137$194,544$187,283$156,865
5 years$172,964$164,705$156,867$149,428$142,370$113,454
6 years$142,691$134,494$126,772$119,499$112,652$85,258
7 years$121,076$112,948$105,348$98,247$91,616$65,736
8 years$104,872$96,817$89,343$82,417$76,005$51,613
9 years$92,275$84,297$76,951$70,201$64,007$41,069
10 years$82,204$74,303$67,088$60,514$54,537$33,010
11 years$73,969$66,148$59,063$52,665$46,904$26,740
12 years$67,112$59,371$52,417$46,194$40,646$21,793
13 years$61,314$53,654$46,831$40,783$35,444$17,848
14 years$56,349$48,770$42,078$36,202$31,070$14,673
15 years$52,049$44,552$37,991$32,286$27,356$12,101
16 years$48,291$40,876$34,444$28,909$24,178$10,005
17 years$44,978$37,645$31,343$25,974$21,438$8,290
18 years$42,037$34,786$28,612$23,408$19,061$6,880
19 years$39,408$32,239$26,193$21,151$16,990$5,718
20 years$37,046$29,958$24,039$19,156$15,176$4,758
21 years$34,911$27,905$22,111$17,386$13,580$3,962
22 years$32,972$26,048$20,379$15,808$12,173$3,303
23 years$31,205$24,362$18,816$14,396$10,927$2,755
24 years$29,588$22,826$17,402$13,130$9,822$2,299
25 years$28,102$21,421$16,117$11,991$8,838$1,919
26 years$26,733$20,132$14,948$10,964$7,961$1,603
27 years$25,467$18,947$13,881$10,036$7,177$1,339
28 years$24,294$17,853$12,904$9,195$6,476$1,119
29 years$23,203$16,843$12,008$8,432$5,848$936
30 years$22,188$15,906$11,185$7,738$5,284$782
31 years$21,239$15,037$10,428$7,107$4,777$654
32 years$20,352$14,228$9,729$6,532$4,321$547
33 years$19,520$13,474$9,084$6,006$3,911$457
34 years$18,739$12,770$8,488$5,526$3,541$383
35 years$18,004$12,112$7,935$5,087$3,207$320
36 years$17,312$11,496$7,423$4,685$2,906$268
37 years$16,658$10,919$6,948$4,317$2,634$224
38 years$16,041$10,377$6,507$3,979$2,388$187
39 years$15,456$9,867$6,096$3,669$2,165$157
40 years$14,902$9,388$5,714$3,384$1,964$131
41 years$14,376$8,936$5,358$3,122$1,782$110
42 years$13,877$8,511$5,026$2,881$1,617$92
43 years$13,403$8,109$4,716$2,660$1,467$77
44 years$12,951$7,730$4,427$2,456$1,332$64
45 years$12,520$7,371$4,157$2,268$1,209$54
46 years$12,110$7,032$3,904$2,095$1,098$45
47 years$11,718$6,710$3,668$1,936$997$38
48 years$11,343$6,406$3,447$1,789$905$32
49 years$10,985$6,117$3,240$1,653$822$26
50 years$10,642$5,843$3,046$1,528$747$22

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 $6,843 every year, while hoping to spend $35,802 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: 60/23/17 Blend
67$10,900,000$10,900,000$10,900,000$10,900,000
68$12,018,859$11,441,159$11,272,209$12,687,197
69$13,206,689$11,963,682$11,611,734$13,661,842
70$14,514,478$12,510,610$11,961,435$14,720,044
71$15,954,424$13,083,099$12,321,612$15,873,638
72$17,539,968$13,682,363$12,692,579$17,131,861
73$19,285,921$14,309,675$13,074,656$18,504,868
74$21,208,602$14,966,366$13,468,174$20,003,830
75$23,325,995$15,653,834$13,873,474$21,641,035
76$25,657,917$16,373,543$14,290,906$23,430,000
77$28,226,205$17,127,026$14,720,831$25,385,597
78$31,054,920$17,915,892$15,163,621$27,524,189
79$34,170,577$18,741,827$15,619,657$29,863,782
80$37,602,395$19,606,595$16,089,335$32,424,191
81$41,382,571$20,512,050$16,573,060$35,227,222
82$45,546,584$21,460,131$17,071,248$38,296,877
83$50,133,531$22,452,873$17,584,330$41,659,571
84$55,186,494$23,492,406$18,112,747$45,344,383
85$60,752,948$24,580,966$18,656,956$49,383,323
86$66,885,209$25,720,894$19,217,425$53,811,631
87$73,640,929$26,914,646$19,794,637$58,668,101
88$81,083,634$28,164,794$20,389,088$63,995,447
89$89,283,333$29,474,037$21,001,290$69,840,699
90$98,317,170$30,845,202$21,631,770$76,255,639
91$108,270,156$32,281,252$22,281,070$83,297,288
92$119,235,973$33,785,294$22,949,747$91,028,436
93$131,317,855$35,360,586$23,638,376$99,518,226
94$144,629,562$37,010,541$24,347,548$108,842,808
95$159,296,459$38,738,739$25,077,871$119,086,040
96$175,456,691$40,548,930$25,829,974$130,340,281
97$193,262,495$42,445,049$26,604,499$142,707,252
98$212,881,631$44,431,218$27,402,111$156,298,988
99$234,498,969$46,511,760$28,223,494$171,238,887
100$258,318,234$48,691,206$29,069,351$187,662,871