Can I retire at age 68 with 11,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$924,886$916,647$908,609$900,764$893,104$879,032
2 years$457,864$449,337$441,073$433,060$425,287$411,147
3 years$302,211$293,647$285,403$277,466$269,820$256,050
4 years$224,399$215,861$207,700$199,898$192,438$179,146
5 years$177,725$169,238$161,184$153,541$146,288$133,511
6 years$146,618$138,195$130,261$122,788$115,753$103,507
7 years$124,408$116,056$108,247$100,951$94,138$82,426
8 years$107,758$99,482$91,802$84,685$78,097$66,917
9 years$94,815$86,617$79,069$72,133$65,769$55,115
10 years$84,467$76,348$68,934$62,179$56,038$45,903
11 years$76,005$67,969$60,689$54,115$48,195$38,566
12 years$68,959$61,005$53,860$47,466$41,764$32,632
13 years$63,002$55,131$48,120$41,905$36,419$27,769
14 years$57,900$50,112$43,236$37,199$31,925$23,742
15 years$53,482$45,778$39,036$33,175$28,109$20,379
16 years$49,620$42,001$35,392$29,704$24,843$17,551
17 years$46,216$38,681$32,205$26,689$22,028$15,156
18 years$43,194$35,743$29,399$24,052$19,586$13,120
19 years$40,493$33,126$26,914$21,733$17,457$11,379
20 years$38,065$30,783$24,700$19,684$15,593$9,887
21 years$35,871$28,673$22,719$17,864$13,954$8,603
22 years$33,880$26,765$20,939$16,243$12,508$7,495
23 years$32,064$25,033$19,334$14,793$11,228$6,537
24 years$30,402$23,454$17,881$13,492$10,092$5,707
25 years$28,875$22,010$16,561$12,321$9,081$4,987
26 years$27,468$20,686$15,359$11,266$8,180$4,360
27 years$26,168$19,468$14,263$10,312$7,375$3,815
28 years$24,962$18,345$13,259$9,448$6,655$3,340
29 years$23,842$17,306$12,339$8,664$6,009$2,925
30 years$22,798$16,344$11,493$7,951$5,429$2,563
31 years$21,824$15,450$10,715$7,303$4,909$2,246
32 years$20,912$14,619$9,997$6,711$4,440$1,969
33 years$20,058$13,845$9,334$6,172$4,018$1,727
34 years$19,255$13,122$8,721$5,679$3,638$1,515
35 years$18,500$12,446$8,154$5,227$3,295$1,329
36 years$17,788$11,813$7,628$4,814$2,986$1,167
37 years$17,117$11,219$7,139$4,436$2,706$1,024
38 years$16,482$10,662$6,686$4,089$2,453$899
39 years$15,881$10,139$6,264$3,770$2,225$789
40 years$15,312$9,646$5,871$3,477$2,018$693
41 years$14,772$9,182$5,505$3,208$1,831$608
42 years$14,259$8,745$5,164$2,961$1,661$534
43 years$13,771$8,332$4,846$2,733$1,508$469
44 years$13,307$7,942$4,549$2,524$1,368$412
45 years$12,865$7,574$4,271$2,331$1,242$362
46 years$12,443$7,225$4,011$2,153$1,128$318
47 years$12,040$6,895$3,769$1,989$1,024$279
48 years$11,655$6,582$3,541$1,838$930$245
49 years$11,287$6,286$3,329$1,698$845$216
50 years$10,935$6,004$3,130$1,570$767$189

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $11,200,000, adding $2,528 every year, while hoping to spend $31,760 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: 76/7/17 Blend
67$11,200,000$11,200,000$11,200,000$11,200,000
68$12,345,008$11,751,408$11,577,808$13,236,034
69$13,570,406$12,293,434$11,931,872$14,367,491
70$14,919,731$12,860,956$12,296,733$15,603,447
71$16,405,588$13,455,188$12,672,718$16,957,671
72$18,041,871$14,077,404$13,060,167$18,441,951
73$19,843,886$14,728,942$13,459,427$20,069,266
74$21,828,502$15,411,199$13,870,857$21,853,910
75$24,014,305$16,125,644$14,294,827$23,811,623
76$26,421,778$16,873,815$14,731,718$25,959,739
77$29,073,491$17,657,323$15,181,922$28,317,348
78$31,994,315$18,477,859$15,645,844$30,905,475
79$35,211,655$19,337,194$16,123,899$33,747,276
80$38,755,712$20,237,186$16,616,519$36,868,258
81$42,659,766$21,179,779$17,124,143$40,296,513
82$46,960,489$22,167,015$17,647,229$44,062,985
83$51,698,293$23,201,033$18,186,245$48,201,759
84$56,917,710$24,284,074$18,741,675$52,750,381
85$62,667,812$25,418,489$19,314,017$57,750,211
86$69,002,676$26,606,743$19,903,784$63,246,810
87$75,981,893$27,851,417$20,511,504$69,290,370
88$83,671,129$29,155,220$21,137,723$75,936,182
89$92,142,749$30,520,990$21,783,002$83,245,161
90$101,476,495$31,951,704$22,447,918$91,284,411
91$111,760,241$33,450,482$23,133,067$100,127,863
92$123,090,824$35,020,593$23,839,062$109,856,968
93$135,574,953$36,665,468$24,566,536$120,561,461
94$149,330,223$38,388,700$25,316,140$132,340,208
95$164,486,219$40,194,060$26,088,544$145,302,133
96$181,185,743$42,085,498$26,884,440$159,567,248
97$199,586,159$44,067,157$27,704,538$175,267,777
98$219,860,880$46,143,382$28,549,574$192,549,408
99$242,201,007$48,318,724$29,420,301$211,572,655
100$266,817,127$50,597,959$30,317,499$232,514,379