Can I retire at age 68 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$941,401$933,016$924,835$916,849$909,052$879,249
2 years$466,040$457,361$448,949$440,793$432,882$403,140
3 years$307,607$298,890$290,500$282,420$274,638$245,891
4 years$228,406$219,716$211,409$203,468$195,874$168,343
5 years$180,898$172,260$164,062$156,283$148,900$122,657
6 years$149,236$140,663$132,587$124,981$117,820$92,887
7 years$126,630$118,129$110,180$102,754$95,819$72,193
8 years$109,682$101,258$93,442$86,197$79,491$57,155
9 years$96,508$88,163$80,481$73,421$66,943$45,871
10 years$85,975$77,712$70,165$63,290$57,039$37,197
11 years$77,362$69,182$61,772$55,081$49,055$30,407
12 years$70,191$62,094$54,821$48,313$42,510$25,015
13 years$64,127$56,115$48,979$42,653$37,070$20,683
14 years$58,934$51,007$44,008$37,863$32,495$17,171
15 years$54,437$46,596$39,733$33,767$28,611$14,303
16 years$50,506$42,751$36,024$30,235$25,287$11,946
17 years$47,042$39,372$32,781$27,166$22,421$10,000
18 years$43,965$36,381$29,924$24,482$19,936$8,387
19 years$41,216$33,718$27,394$22,121$17,769$7,045
20 years$38,745$31,332$25,141$20,035$15,872$5,925
21 years$36,512$29,185$23,125$18,183$14,203$4,988
22 years$34,485$27,243$21,313$16,533$12,731$4,204
23 years$32,637$25,480$19,679$15,057$11,428$3,545
24 years$30,945$23,873$18,200$13,733$10,272$2,991
25 years$29,391$22,404$16,857$12,541$9,243$2,526
26 years$27,959$21,056$15,634$11,467$8,326$2,133
27 years$26,635$19,816$14,517$10,496$7,507$1,803
28 years$25,408$18,672$13,496$9,617$6,773$1,524
29 years$24,268$17,615$12,559$8,819$6,116$1,288
30 years$23,205$16,636$11,698$8,093$5,526$1,090
31 years$22,214$15,726$10,906$7,433$4,996$922
32 years$21,286$14,880$10,175$6,831$4,520$780
33 years$20,416$14,092$9,501$6,282$4,090$660
34 years$19,599$13,356$8,877$5,780$3,703$558
35 years$18,830$12,668$8,299$5,321$3,354$472
36 years$18,106$12,024$7,764$4,900$3,039$400
37 years$17,422$11,420$7,267$4,515$2,754$338
38 years$16,776$10,853$6,805$4,162$2,497$286
39 years$16,165$10,320$6,376$3,837$2,264$242
40 years$15,586$9,819$5,976$3,539$2,054$205
41 years$15,036$9,346$5,603$3,265$1,863$174
42 years$14,514$8,901$5,256$3,014$1,691$147
43 years$14,017$8,481$4,932$2,782$1,535$125
44 years$13,545$8,084$4,630$2,569$1,393$105
45 years$13,095$7,709$4,347$2,372$1,264$89
46 years$12,665$7,354$4,083$2,191$1,148$76
47 years$12,255$7,018$3,836$2,024$1,043$64
48 years$11,863$6,700$3,605$1,871$947$54
49 years$11,489$6,398$3,388$1,729$860$46
50 years$11,130$6,111$3,185$1,598$781$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $11,400,000, adding $5,225 every year, while hoping to spend $20,899 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: 29/44/27 Blend
67$11,400,000$11,400,000$11,400,000$11,400,000
68$12,568,190$11,963,990$11,787,290$12,827,501
69$13,827,909$12,527,989$12,159,927$13,596,047
70$15,215,418$13,118,923$12,544,348$14,419,532
71$16,743,732$13,738,091$12,940,924$15,304,439
72$18,427,188$14,386,853$13,350,041$16,256,088
73$20,281,588$15,066,636$13,772,094$17,280,295
74$22,324,343$15,778,934$14,207,493$18,383,431
75$24,574,642$16,525,318$14,656,660$19,572,469
76$27,053,628$17,307,431$15,120,030$20,855,047
77$29,784,599$18,126,996$15,598,052$22,239,532
78$32,793,233$18,985,823$16,091,191$23,735,094
79$36,107,820$19,885,807$16,599,924$25,351,781
80$39,759,541$20,828,934$17,124,745$27,100,614
81$43,782,752$21,817,290$17,666,161$28,993,676
82$48,215,314$22,853,059$18,224,699$31,044,222
83$53,098,949$23,938,532$18,800,900$33,266,794
84$58,479,634$25,076,112$19,395,322$35,677,350
85$64,408,033$26,268,318$20,008,542$38,293,406
86$70,939,979$27,517,791$20,641,154$41,134,188
87$78,136,996$28,827,302$21,293,772$44,220,810
88$86,066,885$30,199,755$21,967,029$47,576,456
89$94,804,360$31,638,196$22,661,577$51,226,591
90$104,431,754$33,145,818$23,378,090$55,199,190
91$115,039,800$34,725,969$24,117,262$59,524,987
92$126,728,480$36,382,163$24,879,811$64,237,757
93$139,607,977$38,118,080$25,666,476$69,374,617
94$153,799,707$39,937,583$26,478,020$74,976,366
95$169,437,474$41,844,721$27,315,230$81,087,853
96$186,668,723$43,843,739$28,178,917$87,758,385
97$205,655,942$45,939,091$29,069,920$95,042,178
98$226,578,188$48,135,446$29,989,102$102,998,853
99$249,632,781$50,437,701$30,937,355$111,693,977
100$275,037,166$52,850,991$31,915,598$121,199,669