Can I retire at age 68 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$908,370$900,278$892,384$884,679$877,155$862,979
2 years$449,688$441,313$433,196$425,327$417,693$403,450
3 years$296,814$288,403$280,307$272,511$265,002$251,135
4 years$220,392$212,007$203,991$196,329$189,001$175,618
5 years$174,551$166,216$158,306$150,799$143,676$130,814
6 years$144,000$135,728$127,935$120,595$113,686$101,360
7 years$122,187$113,984$106,314$99,148$92,457$80,672
8 years$105,834$97,705$90,163$83,173$76,702$65,455
9 years$93,122$85,070$77,657$70,845$64,594$53,879
10 years$82,958$74,985$67,703$61,069$55,037$44,846
11 years$74,648$66,755$59,605$53,148$47,334$37,655
12 years$67,728$59,915$52,898$46,618$41,019$31,840
13 years$61,877$54,146$47,261$41,157$35,769$27,077
14 years$56,866$49,217$42,464$36,534$31,355$23,135
15 years$52,527$44,961$38,339$32,582$27,607$19,845
16 years$48,734$41,251$34,760$29,174$24,400$17,078
17 years$45,391$37,990$31,630$26,213$21,634$14,738
18 years$42,423$35,105$28,874$23,623$19,236$12,748
19 years$39,770$32,535$26,433$21,345$17,146$11,049
20 years$37,386$30,233$24,259$19,332$15,315$9,593
21 years$35,231$28,161$22,314$17,545$13,705$8,341
22 years$33,275$26,287$20,566$15,953$12,285$7,261
23 years$31,491$24,586$18,989$14,528$11,027$6,328
24 years$29,859$23,035$17,561$13,251$9,912$5,521
25 years$28,360$21,617$16,265$12,101$8,919$4,820
26 years$26,978$20,317$15,085$11,065$8,034$4,211
27 years$25,701$19,121$14,008$10,128$7,243$3,681
28 years$24,517$18,017$13,022$9,279$6,536$3,220
29 years$23,416$16,997$12,118$8,509$5,902$2,818
30 years$22,391$16,052$11,288$7,809$5,332$2,467
31 years$21,434$15,175$10,523$7,172$4,821$2,160
32 years$20,539$14,358$9,818$6,592$4,361$1,893
33 years$19,699$13,597$9,167$6,061$3,947$1,658
34 years$18,911$12,887$8,565$5,577$3,573$1,454
35 years$18,169$12,223$8,008$5,134$3,236$1,274
36 years$17,471$11,602$7,491$4,728$2,932$1,117
37 years$16,811$11,019$7,012$4,357$2,658$980
38 years$16,188$10,472$6,566$4,016$2,409$859
39 years$15,598$9,958$6,152$3,702$2,185$754
40 years$15,039$9,474$5,766$3,415$1,982$661
41 years$14,508$9,018$5,407$3,151$1,798$580
42 years$14,005$8,589$5,072$2,908$1,632$509
43 years$13,526$8,183$4,759$2,684$1,481$447
44 years$13,070$7,801$4,467$2,478$1,344$392
45 years$12,635$7,439$4,195$2,289$1,220$344
46 years$12,221$7,096$3,940$2,114$1,108$302
47 years$11,825$6,772$3,701$1,953$1,006$265
48 years$11,447$6,465$3,478$1,805$914$233
49 years$11,086$6,173$3,269$1,668$830$204
50 years$10,740$5,897$3,074$1,542$754$179

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $11,000,000, adding $2,961 every year, while hoping to spend $52,607 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: 68/18/14 Blend
67$11,000,000$11,000,000$11,000,000$11,000,000
68$12,125,054$11,542,054$11,371,554$12,910,498
69$13,305,836$12,051,641$11,696,528$13,943,462
70$14,605,295$12,584,435$12,030,625$15,066,313
71$16,035,480$13,141,517$12,374,096$16,293,072
72$17,609,668$13,724,020$12,727,197$17,633,939
73$19,342,487$14,333,131$13,090,191$19,100,139
74$21,250,058$14,970,092$13,463,350$20,704,025
75$23,350,143$15,636,205$13,846,951$22,459,194
76$25,662,313$16,332,834$14,241,279$24,380,610
77$28,208,133$17,061,407$14,646,626$26,484,746
78$31,011,367$17,823,421$15,063,292$28,789,736
79$34,098,200$18,620,442$15,491,586$31,315,542
80$37,497,486$19,454,113$15,931,824$34,084,141
81$41,241,019$20,326,154$16,384,329$37,119,733
82$45,363,834$21,238,367$16,849,436$40,448,958
83$49,904,537$22,192,639$17,327,484$44,101,152
84$54,905,671$23,190,949$17,818,826$48,108,621
85$60,414,112$24,235,369$18,323,820$52,506,934
86$66,481,519$25,328,069$18,842,835$57,335,266
87$73,164,814$26,471,324$19,376,249$62,636,756
88$80,526,723$27,667,518$19,924,452$68,458,917
89$88,636,369$28,919,146$20,487,842$74,854,074
90$97,569,920$30,228,826$21,066,826$81,879,858
91$107,411,312$31,599,299$21,661,825$89,599,747
92$118,253,038$33,033,436$22,273,267$98,083,655
93$130,197,021$34,534,247$22,901,595$107,408,592
94$143,355,579$36,104,887$23,547,260$117,659,386
95$157,852,481$37,748,660$24,210,727$128,929,476
96$173,824,118$39,469,029$24,892,470$141,321,791
97$191,420,789$41,269,622$25,592,979$154,949,715
98$210,808,119$43,154,243$26,312,753$169,938,150
99$232,168,622$45,126,875$27,052,305$186,424,695
100$255,703,426$47,191,697$27,812,162$204,560,929