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

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$941,401$933,016$924,835$916,849$909,052$905,222
2 years$466,040$457,361$448,949$440,793$432,882$429,015
3 years$307,607$298,890$290,500$282,420$274,638$270,854
4 years$228,406$219,716$211,409$203,468$195,874$192,202
5 years$180,898$172,260$164,062$156,283$148,900$145,352
6 years$149,236$140,663$132,587$124,981$117,820$114,399
7 years$126,630$118,129$110,180$102,754$95,819$92,527
8 years$109,682$101,258$93,442$86,197$79,491$76,329
9 years$96,508$88,163$80,481$73,421$66,943$63,910
10 years$85,975$77,712$70,165$63,290$57,039$54,134
11 years$77,362$69,182$61,772$55,081$49,055$46,276
12 years$70,191$62,094$54,821$48,313$42,510$39,854
13 years$64,127$56,115$48,979$42,653$37,070$34,535
14 years$58,934$51,007$44,008$37,863$32,495$30,079
15 years$54,437$46,596$39,733$33,767$28,611$26,310
16 years$50,506$42,751$36,024$30,235$25,287$23,098
17 years$47,042$39,372$32,781$27,166$22,421$20,342
18 years$43,965$36,381$29,924$24,482$19,936$17,962
19 years$41,216$33,718$27,394$22,121$17,769$15,898
20 years$38,745$31,332$25,141$20,035$15,872$14,099
21 years$36,512$29,185$23,125$18,183$14,203$12,526
22 years$34,485$27,243$21,313$16,533$12,731$11,146
23 years$32,637$25,480$19,679$15,057$11,428$9,931
24 years$30,945$23,873$18,200$13,733$10,272$8,860
25 years$29,391$22,404$16,857$12,541$9,243$7,912
26 years$27,959$21,056$15,634$11,467$8,326$7,072
27 years$26,635$19,816$14,517$10,496$7,507$6,327
28 years$25,408$18,672$13,496$9,617$6,773$5,664
29 years$24,268$17,615$12,559$8,819$6,116$5,074
30 years$23,205$16,636$11,698$8,093$5,526$4,548
31 years$22,214$15,726$10,906$7,433$4,996$4,079
32 years$21,286$14,880$10,175$6,831$4,520$3,660
33 years$20,416$14,092$9,501$6,282$4,090$3,285
34 years$19,599$13,356$8,877$5,780$3,703$2,950
35 years$18,830$12,668$8,299$5,321$3,354$2,650
36 years$18,106$12,024$7,764$4,900$3,039$2,381
37 years$17,422$11,420$7,267$4,515$2,754$2,140
38 years$16,776$10,853$6,805$4,162$2,497$1,924
39 years$16,165$10,320$6,376$3,837$2,264$1,730
40 years$15,586$9,819$5,976$3,539$2,054$1,556
41 years$15,036$9,346$5,603$3,265$1,863$1,399
42 years$14,514$8,901$5,256$3,014$1,691$1,259
43 years$14,017$8,481$4,932$2,782$1,535$1,133
44 years$13,545$8,084$4,630$2,569$1,393$1,019
45 years$13,095$7,709$4,347$2,372$1,264$917
46 years$12,665$7,354$4,083$2,191$1,148$826
47 years$12,255$7,018$3,836$2,024$1,043$743
48 years$11,863$6,700$3,605$1,871$947$669
49 years$11,489$6,398$3,388$1,729$860$602
50 years$11,130$6,111$3,185$1,598$781$542

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 $5,327 every year, while hoping to spend $27,736 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: 74/18/8 Blend
67$11,400,000$11,400,000$11,400,000$11,400,000
68$12,568,295$11,964,095$11,787,395$13,482,357
69$13,820,750$12,520,825$12,152,762$14,642,084
70$15,200,026$13,103,904$12,529,439$15,908,178
71$16,719,029$13,714,596$12,917,776$17,294,397
72$18,391,982$14,354,223$13,318,133$18,812,618
73$20,234,555$15,024,171$13,730,881$20,475,914
74$22,264,019$15,725,895$14,156,405$22,298,675
75$24,499,402$16,460,917$14,595,098$24,296,737
76$26,961,675$17,230,836$15,047,367$26,487,539
77$29,673,945$18,037,325$15,513,633$28,890,273
78$32,661,674$18,882,142$15,994,327$31,526,072
79$35,952,924$19,767,125$16,489,895$34,418,203
80$39,578,613$20,694,205$17,000,798$37,592,283
81$43,572,814$21,665,405$17,527,508$41,076,519
82$47,973,076$22,682,844$18,070,514$44,901,970
83$52,820,773$23,748,747$18,630,319$49,102,840
84$58,161,500$24,865,444$19,207,443$53,716,792
85$64,045,502$26,035,378$19,802,421$58,785,306
86$70,528,144$27,261,113$20,415,803$64,354,062
87$77,670,441$28,545,334$21,048,159$70,473,369
88$85,539,628$29,890,857$21,700,074$77,198,636
89$94,209,796$31,300,635$22,372,152$84,590,892
90$103,762,592$32,777,764$23,065,017$92,717,355
91$114,287,991$34,325,488$23,779,309$101,652,061
92$125,885,141$35,947,213$24,515,691$111,476,563
93$138,663,304$37,646,504$25,274,845$122,280,692
94$152,742,882$39,427,104$26,057,474$134,163,397
95$168,256,559$41,292,935$26,864,302$147,233,681
96$185,350,549$43,248,110$27,696,077$161,611,616
97$204,185,978$45,296,941$28,553,569$177,429,476
98$224,940,406$47,443,949$29,437,572$194,832,977
99$247,809,500$49,693,875$30,348,903$213,982,645
100$273,008,885$52,051,691$31,288,407$235,055,325