Can I retire at age 68 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$916,628$908,463$900,497$892,722$885,130$852,031
2 years$453,776$445,325$437,134$429,193$421,490$388,523
3 years$299,512$291,025$282,855$274,988$267,411$235,612
4 years$222,396$213,934$205,846$198,114$190,720$160,331
5 years$176,138$167,727$159,745$152,170$144,982$116,083
6 years$145,309$136,962$129,098$121,692$114,719$87,330
7 years$123,297$115,020$107,281$100,049$93,298$67,411
8 years$106,796$98,593$90,983$83,929$77,399$52,991
9 years$93,968$85,843$78,363$71,489$65,181$42,217
10 years$83,712$75,667$68,319$61,624$55,538$33,976
11 years$75,327$67,362$60,147$53,631$47,764$27,559
12 years$68,343$60,460$53,379$47,042$41,392$22,491
13 years$62,439$54,638$47,690$41,531$36,094$18,444
14 years$57,383$49,665$42,850$36,867$31,640$15,185
15 years$53,004$45,370$38,688$32,879$27,858$12,541
16 years$49,177$41,626$35,076$29,439$24,621$10,384
17 years$45,804$38,336$31,918$26,451$21,831$8,616
18 years$42,808$35,424$29,137$23,838$19,411$7,161
19 years$40,132$32,831$26,673$21,539$17,302$5,961
20 years$37,725$30,508$24,480$19,508$15,454$4,967
21 years$35,551$28,417$22,517$17,705$13,830$4,144
22 years$33,577$26,526$20,752$16,098$12,396$3,459
23 years$31,778$24,809$19,161$14,660$11,128$2,890
24 years$30,131$23,245$17,721$13,371$10,002$2,415
25 years$28,618$21,814$16,413$12,211$9,000$2,020
26 years$27,223$20,502$15,222$11,165$8,107$1,690
27 years$25,934$19,294$14,135$10,220$7,309$1,414
28 years$24,739$18,181$13,141$9,364$6,595$1,184
29 years$23,629$17,152$12,228$8,587$5,955$991
30 years$22,595$16,198$11,390$7,880$5,381$830
31 years$21,629$15,312$10,619$7,238$4,865$695
32 years$20,726$14,489$9,908$6,652$4,401$582
33 years$19,878$13,721$9,251$6,117$3,983$488
34 years$19,083$13,004$8,643$5,628$3,606$409
35 years$18,335$12,334$8,081$5,181$3,266$342
36 years$17,629$11,707$7,560$4,771$2,959$287
37 years$16,964$11,119$7,076$4,396$2,682$240
38 years$16,335$10,567$6,626$4,052$2,431$201
39 years$15,740$10,048$6,208$3,736$2,205$169
40 years$15,175$9,560$5,819$3,446$2,000$142
41 years$14,640$9,100$5,456$3,179$1,814$119
42 years$14,132$8,667$5,118$2,934$1,646$99
43 years$13,649$8,258$4,802$2,709$1,494$83
44 years$13,188$7,871$4,508$2,501$1,356$70
45 years$12,750$7,506$4,233$2,310$1,231$59
46 years$12,332$7,161$3,976$2,134$1,118$49
47 years$11,933$6,833$3,735$1,971$1,015$41
48 years$11,551$6,523$3,510$1,821$922$34
49 years$11,186$6,229$3,299$1,683$837$29
50 years$10,837$5,951$3,102$1,556$760$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $11,100,000, adding $2,177 every year, while hoping to spend $25,793 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: 41/41/18 Blend
67$11,100,000$11,100,000$11,100,000$11,100,000
68$12,234,446$11,646,146$11,474,096$12,671,031
69$13,454,915$12,189,363$11,831,034$13,524,515
70$14,799,009$12,758,334$12,199,066$14,445,035
71$16,279,308$13,354,293$12,578,535$15,440,833
72$17,909,678$13,978,533$12,969,796$16,518,796
73$19,705,397$14,632,413$13,373,216$17,686,477
74$21,683,300$15,317,355$13,789,172$18,952,167
75$23,861,941$16,034,849$14,218,053$20,324,960
76$26,261,761$16,786,458$14,660,260$21,814,841
77$28,905,289$17,573,823$15,116,207$23,432,771
78$31,817,348$18,398,661$15,586,320$25,190,782
79$35,025,295$19,262,773$16,071,039$27,102,093
80$38,559,274$20,168,047$16,570,818$29,181,219
81$42,452,503$21,116,464$17,086,123$31,444,107
82$46,741,587$22,110,100$17,617,437$33,908,279
83$51,466,863$23,151,129$18,165,255$36,592,988
84$56,672,784$24,241,835$18,730,092$39,519,396
85$62,408,331$25,384,608$19,312,474$42,710,760
86$68,727,485$26,581,958$19,912,945$46,192,651
87$75,689,728$27,836,513$20,532,068$49,993,178
88$83,360,608$29,151,031$21,170,421$54,143,251
89$91,812,360$30,528,401$21,828,600$58,676,862
90$101,124,584$31,971,656$22,507,221$63,631,393
91$111,384,996$33,483,971$23,206,917$69,047,962
92$122,690,260$35,068,680$23,928,343$74,971,797
93$135,146,896$36,729,276$24,672,173$81,452,654
94$148,872,290$38,469,420$25,439,101$88,545,276
95$163,995,797$40,292,955$26,229,844$96,309,892
96$180,659,965$42,203,907$27,045,141$104,812,779
97$199,021,882$44,206,498$27,885,753$114,126,869
98$219,254,653$46,305,156$28,752,465$124,332,426
99$241,549,043$48,504,524$29,646,088$135,517,788
100$266,115,268$50,809,468$30,567,454$147,780,185