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%13.4%
1 years$916,628$908,463$900,497$892,722$885,130$872,623
2 years$453,776$445,325$437,134$429,193$421,490$408,914
3 years$299,512$291,025$282,855$274,988$267,411$255,156
4 years$222,396$213,934$205,846$198,114$190,720$178,881
5 years$176,138$167,727$159,745$152,170$144,982$133,594
6 years$145,309$136,962$129,098$121,692$114,719$103,795
7 years$123,297$115,020$107,281$100,049$93,298$82,841
8 years$106,796$98,593$90,983$83,929$77,399$67,409
9 years$93,968$85,843$78,363$71,489$65,181$55,652
10 years$83,712$75,667$68,319$61,624$55,538$46,463
11 years$75,327$67,362$60,147$53,631$47,764$39,135
12 years$68,343$60,460$53,379$47,042$41,392$33,198
13 years$62,439$54,638$47,690$41,531$36,094$28,325
14 years$57,383$49,665$42,850$36,867$31,640$24,283
15 years$53,004$45,370$38,688$32,879$27,858$20,900
16 years$49,177$41,626$35,076$29,439$24,621$18,049
17 years$45,804$38,336$31,918$26,451$21,831$15,631
18 years$42,808$35,424$29,137$23,838$19,411$13,570
19 years$40,132$32,831$26,673$21,539$17,302$11,805
20 years$37,725$30,508$24,480$19,508$15,454$10,287
21 years$35,551$28,417$22,517$17,705$13,830$8,978
22 years$33,577$26,526$20,752$16,098$12,396$7,846
23 years$31,778$24,809$19,161$14,660$11,128$6,864
24 years$30,131$23,245$17,721$13,371$10,002$6,012
25 years$28,618$21,814$16,413$12,211$9,000$5,269
26 years$27,223$20,502$15,222$11,165$8,107$4,622
27 years$25,934$19,294$14,135$10,220$7,309$4,057
28 years$24,739$18,181$13,141$9,364$6,595$3,563
29 years$23,629$17,152$12,228$8,587$5,955$3,131
30 years$22,595$16,198$11,390$7,880$5,381$2,752
31 years$21,629$15,312$10,619$7,238$4,865$2,420
32 years$20,726$14,489$9,908$6,652$4,401$2,129
33 years$19,878$13,721$9,251$6,117$3,983$1,873
34 years$19,083$13,004$8,643$5,628$3,606$1,649
35 years$18,335$12,334$8,081$5,181$3,266$1,452
36 years$17,629$11,707$7,560$4,771$2,959$1,278
37 years$16,964$11,119$7,076$4,396$2,682$1,126
38 years$16,335$10,567$6,626$4,052$2,431$992
39 years$15,740$10,048$6,208$3,736$2,205$873
40 years$15,175$9,560$5,819$3,446$2,000$770
41 years$14,640$9,100$5,456$3,179$1,814$678
42 years$14,132$8,667$5,118$2,934$1,646$598
43 years$13,649$8,258$4,802$2,709$1,494$527
44 years$13,188$7,871$4,508$2,501$1,356$464
45 years$12,750$7,506$4,233$2,310$1,231$409
46 years$12,332$7,161$3,976$2,134$1,118$361
47 years$11,933$6,833$3,735$1,971$1,015$318
48 years$11,551$6,523$3,510$1,821$922$280
49 years$11,186$6,229$3,299$1,683$837$247
50 years$10,837$5,951$3,102$1,556$760$218

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 $5,352 every year, while hoping to spend $22,835 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: 33/41/26 Blend
67$11,100,000$11,100,000$11,100,000$11,100,000
68$12,237,721$11,649,421$11,477,371$12,544,408
69$13,461,672$12,195,946$11,837,566$13,323,216
70$14,809,701$12,768,486$12,209,063$14,159,556
71$16,294,439$13,368,290$12,592,216$15,060,473
72$17,929,807$13,996,671$12,987,390$16,031,689
73$19,731,142$14,655,003$13,394,962$17,079,475
74$21,715,346$15,344,726$13,815,321$18,210,703
75$23,901,046$16,067,353$14,248,869$19,432,904
76$26,308,766$16,824,466$14,696,019$20,754,333
77$28,961,122$17,617,726$15,157,197$22,184,045
78$31,883,037$18,448,876$15,632,845$23,731,970
79$35,101,976$19,319,740$16,123,414$25,409,003
80$38,648,203$20,232,233$16,629,374$27,227,100
81$42,555,069$21,188,361$17,151,207$29,199,381
82$46,859,325$22,190,230$17,689,411$31,340,251
83$51,601,469$23,240,044$18,244,500$33,665,523
84$56,826,131$24,340,118$18,817,002$36,192,565
85$62,582,489$25,492,877$19,407,465$38,940,452
86$68,924,739$26,700,864$20,016,451$41,930,137
87$75,912,602$27,966,746$20,644,542$45,184,642
88$83,611,889$29,293,318$21,292,336$48,729,262
89$92,095,124$30,683,513$21,960,452$52,591,800
90$101,442,226$32,140,405$22,649,526$56,802,811
91$111,741,265$33,667,216$23,360,216$61,395,887
92$123,089,291$35,267,326$24,093,201$66,407,957
93$135,593,254$36,944,281$24,849,178$71,879,625
94$149,371,010$38,701,795$25,628,870$77,855,545
95$164,552,435$40,543,765$26,433,019$84,384,822
96$181,280,652$42,474,278$27,262,394$91,521,468
97$199,713,378$44,497,617$28,117,784$99,324,894
98$220,024,419$46,618,277$29,000,006$107,860,457
99$242,405,305$48,840,967$29,909,901$117,200,062
100$267,067,100$51,170,629$30,848,337$127,422,823