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%17.8%
1 years$916,628$908,463$900,497$892,722$885,130$857,139
2 years$453,776$445,325$437,134$429,193$421,490$393,544
3 years$299,512$291,025$282,855$274,988$267,411$240,386
4 years$222,396$213,934$205,846$198,114$190,720$164,823
5 years$176,138$167,727$159,745$152,170$144,982$120,283
6 years$145,309$136,962$129,098$121,692$114,719$91,239
7 years$123,297$115,020$107,281$100,049$93,298$71,033
8 years$106,796$98,593$90,983$83,929$77,399$56,337
9 years$93,968$85,843$78,363$71,489$65,181$45,297
10 years$83,712$75,667$68,319$61,624$55,538$36,801
11 years$75,327$67,362$60,147$53,631$47,764$30,142
12 years$68,343$60,460$53,379$47,042$41,392$24,846
13 years$62,439$54,638$47,690$41,531$36,094$20,585
14 years$57,383$49,665$42,850$36,867$31,640$17,125
15 years$53,004$45,370$38,688$32,879$27,858$14,295
16 years$49,177$41,626$35,076$29,439$24,621$11,966
17 years$45,804$38,336$31,918$26,451$21,831$10,039
18 years$42,808$35,424$29,137$23,838$19,411$8,438
19 years$40,132$32,831$26,673$21,539$17,302$7,104
20 years$37,725$30,508$24,480$19,508$15,454$5,988
21 years$35,551$28,417$22,517$17,705$13,830$5,053
22 years$33,577$26,526$20,752$16,098$12,396$4,268
23 years$31,778$24,809$19,161$14,660$11,128$3,608
24 years$30,131$23,245$17,721$13,371$10,002$3,052
25 years$28,618$21,814$16,413$12,211$9,000$2,583
26 years$27,223$20,502$15,222$11,165$8,107$2,187
27 years$25,934$19,294$14,135$10,220$7,309$1,853
28 years$24,739$18,181$13,141$9,364$6,595$1,570
29 years$23,629$17,152$12,228$8,587$5,955$1,331
30 years$22,595$16,198$11,390$7,880$5,381$1,128
31 years$21,629$15,312$10,619$7,238$4,865$956
32 years$20,726$14,489$9,908$6,652$4,401$811
33 years$19,878$13,721$9,251$6,117$3,983$688
34 years$19,083$13,004$8,643$5,628$3,606$584
35 years$18,335$12,334$8,081$5,181$3,266$495
36 years$17,629$11,707$7,560$4,771$2,959$420
37 years$16,964$11,119$7,076$4,396$2,682$357
38 years$16,335$10,567$6,626$4,052$2,431$303
39 years$15,740$10,048$6,208$3,736$2,205$257
40 years$15,175$9,560$5,819$3,446$2,000$218
41 years$14,640$9,100$5,456$3,179$1,814$185
42 years$14,132$8,667$5,118$2,934$1,646$157
43 years$13,649$8,258$4,802$2,709$1,494$133
44 years$13,188$7,871$4,508$2,501$1,356$113
45 years$12,750$7,506$4,233$2,310$1,231$96
46 years$12,332$7,161$3,976$2,134$1,118$81
47 years$11,933$6,833$3,735$1,971$1,015$69
48 years$11,551$6,523$3,510$1,821$922$59
49 years$11,186$6,229$3,299$1,683$837$50
50 years$10,837$5,951$3,102$1,556$760$42

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 $2,637 every year, while hoping to spend $26,389 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: 27/49/24 Blend
67$11,100,000$11,100,000$11,100,000$11,100,000
68$12,234,920$11,646,620$11,474,570$12,472,848
69$13,454,804$12,189,227$11,830,890$13,204,934
70$14,798,232$12,757,537$12,198,263$13,987,950
71$16,277,777$13,352,782$12,577,031$14,828,140
72$17,907,295$13,976,252$12,967,546$15,730,376
73$19,702,053$14,629,303$13,370,172$16,699,988
74$21,678,875$15,313,351$13,785,285$17,742,804
75$23,856,300$16,029,885$14,213,272$18,865,200
76$26,254,757$16,780,464$14,654,531$20,074,155
77$28,896,758$17,566,722$15,109,474$21,377,310
78$31,807,109$18,390,373$15,578,523$22,783,032
79$35,013,147$19,253,214$16,062,116$24,300,485
80$38,544,995$20,157,129$16,560,704$25,939,714
81$42,435,847$21,104,091$17,074,750$27,711,724
82$46,722,283$22,096,171$17,604,734$29,628,583
83$51,444,611$23,135,539$18,151,148$31,703,522
84$56,647,252$24,224,471$18,714,502$33,951,053
85$62,379,154$25,365,352$19,295,320$36,387,097
86$68,694,257$26,560,684$19,894,143$39,029,124
87$75,652,003$27,813,088$20,511,528$41,896,306
88$83,317,892$29,125,315$21,148,049$45,009,687
89$91,764,108$30,500,246$21,804,300$48,392,374
90$101,070,193$31,940,904$22,480,890$52,069,739
91$111,323,803$33,450,459$23,178,450$56,069,647
92$122,621,531$35,032,231$23,897,628$60,422,710
93$135,069,822$36,689,706$24,639,094$65,162,553
94$148,785,978$38,426,535$25,403,537$70,326,129
95$163,899,260$40,246,548$26,191,668$75,954,043
96$180,552,117$42,153,760$27,004,221$82,090,924
97$198,901,521$44,152,383$27,841,951$88,785,830
98$219,120,458$46,246,831$28,705,637$96,092,694
99$241,399,551$48,441,733$29,596,083$104,070,812
100$265,948,869$50,741,942$30,514,116$112,785,389