Can I retire at age 68 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$933,143$924,831$916,722$908,807$901,078$879,652
2 years$461,952$453,349$445,011$436,926$429,085$407,624
3 years$304,909$296,268$287,951$279,943$272,229$251,404
4 years$226,403$217,789$209,555$201,683$194,156$174,126
5 years$179,311$170,749$162,623$154,912$147,594$128,417
6 years$147,927$139,429$131,424$123,884$116,786$98,480
7 years$125,519$117,093$109,214$101,852$94,979$77,546
8 years$108,720$100,370$92,622$85,441$78,794$62,228
9 years$95,662$87,390$79,775$72,777$66,356$50,644
10 years$85,221$77,030$69,550$62,734$56,538$41,663
11 years$76,684$68,575$61,231$54,598$48,625$34,564
12 years$69,575$61,550$54,341$47,890$42,137$28,869
13 years$63,564$55,623$48,550$42,279$36,745$24,243
14 years$58,417$50,560$43,622$37,531$32,210$20,448
15 years$53,959$46,187$39,385$33,471$28,360$17,311
16 years$50,063$42,376$35,708$29,970$25,065$14,699
17 years$46,629$39,027$32,493$26,927$22,224$12,513
18 years$43,580$36,062$29,662$24,267$19,761$10,675
19 years$40,855$33,422$27,154$21,927$17,613$9,123
20 years$38,405$31,057$24,921$19,859$15,732$7,808
21 years$36,192$28,929$22,922$18,024$14,079$6,691
22 years$34,182$27,004$21,126$16,388$12,620$5,741
23 years$32,350$25,256$19,506$14,925$11,328$4,930
24 years$30,673$23,664$18,040$13,612$10,182$4,236
25 years$29,133$22,207$16,709$12,431$9,162$3,643
26 years$27,714$20,871$15,497$11,367$8,253$3,135
27 years$26,402$19,642$14,390$10,404$7,441$2,699
28 years$25,185$18,509$13,377$9,532$6,714$2,325
29 years$24,055$17,461$12,449$8,741$6,063$2,003
30 years$23,002$16,490$11,596$8,022$5,478$1,726
31 years$22,019$15,588$10,810$7,368$4,953$1,488
32 years$21,099$14,750$10,086$6,771$4,480$1,283
33 years$20,237$13,968$9,417$6,227$4,054$1,107
34 years$19,427$13,239$8,799$5,729$3,671$955
35 years$18,665$12,557$8,227$5,274$3,325$824
36 years$17,947$11,918$7,696$4,857$3,012$711
37 years$17,269$11,320$7,203$4,475$2,730$613
38 years$16,629$10,758$6,745$4,125$2,475$529
39 years$16,023$10,229$6,320$3,803$2,245$457
40 years$15,449$9,732$5,923$3,508$2,036$394
41 years$14,904$9,264$5,554$3,237$1,847$340
42 years$14,387$8,823$5,210$2,987$1,676$294
43 years$13,894$8,407$4,889$2,757$1,521$254
44 years$13,426$8,013$4,589$2,546$1,381$219
45 years$12,980$7,641$4,309$2,351$1,253$189
46 years$12,554$7,290$4,047$2,172$1,138$163
47 years$12,148$6,956$3,802$2,007$1,033$141
48 years$11,759$6,641$3,573$1,854$938$122
49 years$11,388$6,342$3,358$1,714$852$105
50 years$11,033$6,058$3,157$1,584$774$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $11,300,000, adding $4,295 every year, while hoping to spend $26,846 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: 53/38/9 Blend
67$11,300,000$11,300,000$11,300,000$11,300,000
68$12,457,030$11,858,130$11,682,980$13,088,898
69$13,699,083$12,410,615$12,045,796$14,070,808
70$15,066,926$12,989,271$12,419,867$15,135,236
71$16,573,361$13,595,354$12,805,540$16,292,625
72$18,232,495$14,230,177$13,203,177$17,551,770
73$20,059,872$14,895,119$13,613,147$18,922,336
74$22,072,624$15,591,624$14,035,832$20,414,938
75$24,289,626$16,321,208$14,471,626$22,041,242
76$26,731,678$17,085,458$14,920,936$23,814,066
77$29,421,701$17,886,037$15,384,180$25,747,502
78$32,384,954$18,724,692$15,861,789$27,857,036
79$35,649,269$19,603,252$16,354,209$30,159,696
80$39,245,318$20,523,634$16,861,897$32,674,202
81$43,206,897$21,487,849$17,385,328$35,421,140
82$47,571,252$22,498,006$17,924,988$38,423,149
83$52,379,425$23,556,313$18,481,381$41,705,128
84$57,676,643$24,665,089$19,055,023$45,294,464
85$63,512,744$25,826,762$19,646,450$49,221,283
86$69,942,650$27,043,879$20,256,212$53,518,730
87$77,026,881$28,319,110$20,884,876$58,223,269
88$84,832,132$29,655,255$21,533,028$63,375,025
89$93,431,896$31,055,249$22,201,271$69,018,148
90$102,907,163$32,522,170$22,890,228$75,201,227
91$113,347,182$34,059,245$23,600,538$81,977,733
92$124,850,302$35,669,855$24,332,864$89,406,519
93$137,524,904$37,357,550$25,087,886$97,552,363
94$151,490,422$39,126,047$25,866,308$106,486,570
95$166,878,469$40,979,248$26,668,853$116,287,632
96$183,834,081$42,921,239$27,496,269$127,041,959
97$202,517,088$44,956,310$28,349,323$138,844,679
98$223,103,616$47,088,955$29,228,811$151,800,530
99$245,787,759$49,323,887$30,135,551$166,024,827
100$270,783,403$51,666,050$31,070,384$181,644,542