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%17.1%
1 years$941,401$933,016$924,835$916,849$909,052$882,783
2 years$466,040$457,361$448,949$440,793$432,882$406,625
3 years$307,607$298,890$290,500$282,420$274,638$249,216
4 years$228,406$219,716$211,409$203,468$195,874$171,482
5 years$180,898$172,260$164,062$156,283$148,900$125,605
6 years$149,236$140,663$132,587$124,981$117,820$95,642
7 years$126,630$118,129$110,180$102,754$95,819$74,759
8 years$109,682$101,258$93,442$86,197$79,491$59,536
9 years$96,508$88,163$80,481$73,421$66,943$48,073
10 years$85,975$77,712$70,165$63,290$57,039$39,229
11 years$77,362$69,182$61,772$55,081$49,055$32,276
12 years$70,191$62,094$54,821$48,313$42,510$26,728
13 years$64,127$56,115$48,979$42,653$37,070$22,250
14 years$58,934$51,007$44,008$37,863$32,495$18,600
15 years$54,437$46,596$39,733$33,767$28,611$15,603
16 years$50,506$42,751$36,024$30,235$25,287$13,127
17 years$47,042$39,372$32,781$27,166$22,421$11,069
18 years$43,965$36,381$29,924$24,482$19,936$9,353
19 years$41,216$33,718$27,394$22,121$17,769$7,915
20 years$38,745$31,332$25,141$20,035$15,872$6,708
21 years$36,512$29,185$23,125$18,183$14,203$5,692
22 years$34,485$27,243$21,313$16,533$12,731$4,834
23 years$32,637$25,480$19,679$15,057$11,428$4,109
24 years$30,945$23,873$18,200$13,733$10,272$3,495
25 years$29,391$22,404$16,857$12,541$9,243$2,974
26 years$27,959$21,056$15,634$11,467$8,326$2,533
27 years$26,635$19,816$14,517$10,496$7,507$2,158
28 years$25,408$18,672$13,496$9,617$6,773$1,839
29 years$24,268$17,615$12,559$8,819$6,116$1,567
30 years$23,205$16,636$11,698$8,093$5,526$1,337
31 years$22,214$15,726$10,906$7,433$4,996$1,140
32 years$21,286$14,880$10,175$6,831$4,520$972
33 years$20,416$14,092$9,501$6,282$4,090$830
34 years$19,599$13,356$8,877$5,780$3,703$708
35 years$18,830$12,668$8,299$5,321$3,354$604
36 years$18,106$12,024$7,764$4,900$3,039$516
37 years$17,422$11,420$7,267$4,515$2,754$440
38 years$16,776$10,853$6,805$4,162$2,497$376
39 years$16,165$10,320$6,376$3,837$2,264$321
40 years$15,586$9,819$5,976$3,539$2,054$274
41 years$15,036$9,346$5,603$3,265$1,863$234
42 years$14,514$8,901$5,256$3,014$1,691$200
43 years$14,017$8,481$4,932$2,782$1,535$170
44 years$13,545$8,084$4,630$2,569$1,393$145
45 years$13,095$7,709$4,347$2,372$1,264$124
46 years$12,665$7,354$4,083$2,191$1,148$106
47 years$12,255$7,018$3,836$2,024$1,043$91
48 years$11,863$6,700$3,605$1,871$947$77
49 years$11,489$6,398$3,388$1,729$860$66
50 years$11,130$6,111$3,185$1,598$781$56

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 $2,531 every year, while hoping to spend $30,335 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: 57/38/5 Blend
67$11,400,000$11,400,000$11,400,000$11,400,000
68$12,565,411$11,961,211$11,784,511$13,269,575
69$13,814,806$12,515,034$12,147,016$14,296,604
70$15,190,624$13,094,978$12,520,648$15,411,374
71$16,705,726$13,702,290$12,905,748$16,625,139
72$18,374,286$14,338,279$13,302,667$17,947,343
73$20,211,924$15,004,315$13,711,767$19,388,360
74$22,235,850$15,701,836$14,133,421$20,959,594
75$24,465,030$16,432,349$14,568,013$22,673,578
76$26,920,361$17,197,432$15,015,940$24,544,090
77$29,624,872$17,998,741$15,477,608$26,586,275
78$32,603,941$18,838,011$15,953,440$28,816,788
79$35,885,530$19,717,061$16,443,868$31,253,941
80$39,500,456$20,637,798$16,949,338$33,917,873
81$43,482,673$21,602,221$17,470,312$36,830,735
82$47,869,602$22,612,426$18,007,264$40,016,891
83$52,702,476$23,670,610$18,560,682$43,503,143
84$58,026,734$24,779,074$19,131,070$47,318,976
85$63,892,446$25,940,235$19,718,947$51,496,833
86$70,354,792$27,156,623$20,324,847$56,072,408
87$77,474,574$28,430,891$20,949,323$61,084,981
88$85,318,798$29,765,821$21,592,942$66,577,780
89$93,961,299$31,164,331$22,256,290$72,598,377
90$103,483,445$32,629,476$22,939,969$79,199,132
91$113,974,900$34,164,464$23,644,602$86,437,676
92$125,534,472$35,772,655$24,370,828$94,377,448
93$138,271,045$37,457,572$25,119,308$103,088,281
94$152,304,608$39,222,910$25,890,721$112,647,053
95$167,767,388$41,072,542$26,685,770$123,138,401
96$184,805,093$43,010,528$27,505,175$134,655,507
97$203,578,296$45,041,127$28,349,682$147,300,968
98$224,263,943$47,168,803$29,220,056$161,187,751
99$247,057,026$49,398,236$30,117,089$176,440,245
100$272,172,426$51,734,332$31,041,595$193,195,423