Can I retire at age 68 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$949,659$941,200$932,947$924,892$917,026$908,205
2 years$470,128$461,373$452,887$444,660$436,679$427,793
3 years$310,306$301,512$293,048$284,898$277,047$268,372
4 years$230,410$221,643$213,264$205,253$197,592$189,195
5 years$182,485$173,771$165,501$157,654$150,207$142,111
6 years$150,546$141,897$133,750$126,077$118,853$111,070
7 years$127,741$119,165$111,147$103,655$96,660$89,191
8 years$110,645$102,146$94,261$86,953$80,188$73,036
9 years$97,355$88,937$81,187$74,065$67,530$60,690
10 years$86,729$78,393$70,781$63,845$57,539$51,008
11 years$78,041$69,789$62,314$55,564$49,486$43,257
12 years$70,806$62,639$55,302$48,737$42,883$36,952
13 years$64,689$56,607$49,409$43,028$37,395$31,755
14 years$59,451$51,454$44,394$38,195$32,780$27,423
15 years$54,914$47,005$40,082$34,063$28,862$23,780
16 years$50,949$43,126$36,340$30,500$25,509$20,693
17 years$47,454$39,717$33,068$27,404$22,618$18,060
18 years$44,351$36,701$30,187$24,697$20,111$15,802
19 years$41,578$34,014$27,635$22,315$17,925$13,857
20 years$39,085$31,607$25,362$20,211$16,011$12,174
21 years$36,832$29,441$23,328$18,343$14,328$10,712
22 years$34,787$27,482$21,500$16,678$12,843$9,440
23 years$32,923$25,703$19,852$15,189$11,529$8,329
24 years$31,216$24,082$18,359$13,853$10,362$7,357
25 years$29,649$22,600$17,005$12,651$9,324$6,504
26 years$28,204$21,240$15,771$11,568$8,399$5,755
27 years$26,869$19,990$14,645$10,588$7,572$5,096
28 years$25,631$18,836$13,614$9,701$6,833$4,515
29 years$24,481$17,770$12,669$8,896$6,170$4,003
30 years$23,409$16,782$11,801$8,164$5,575$3,550
31 years$22,408$15,864$11,002$7,498$5,040$3,151
32 years$21,472$15,011$10,265$6,891$4,559$2,797
33 years$20,595$14,215$9,584$6,337$4,126$2,484
34 years$19,771$13,473$8,955$5,831$3,736$2,206
35 years$18,995$12,779$8,372$5,367$3,384$1,960
36 years$18,265$12,129$7,832$4,943$3,066$1,742
37 years$17,575$11,520$7,331$4,555$2,779$1,549
38 years$16,923$10,948$6,865$4,198$2,519$1,377
39 years$16,307$10,410$6,432$3,871$2,284$1,225
40 years$15,722$9,905$6,028$3,570$2,072$1,089
41 years$15,168$9,428$5,653$3,294$1,880$969
42 years$14,641$8,979$5,302$3,040$1,706$862
43 years$14,140$8,555$4,976$2,806$1,548$767
44 years$13,664$8,155$4,670$2,591$1,405$682
45 years$13,209$7,777$4,385$2,393$1,276$607
46 years$12,776$7,419$4,119$2,210$1,158$540
47 years$12,363$7,080$3,870$2,042$1,052$481
48 years$11,967$6,758$3,636$1,887$955$428
49 years$11,590$6,454$3,418$1,744$867$381
50 years$11,228$6,165$3,213$1,612$788$339

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $11,500,000, adding $5,518 every year, while hoping to spend $53,904 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: 67/13/20 Blend
67$11,500,000$11,500,000$11,500,000$11,500,000
68$12,678,692$12,069,192$11,890,942$13,464,455
69$13,914,565$12,603,229$12,231,935$14,525,392
70$15,274,690$13,161,627$12,582,545$15,678,394
71$16,771,685$13,745,523$12,943,036$16,937,977
72$18,419,451$14,356,108$13,313,682$18,314,623
73$20,233,307$14,994,628$13,694,762$19,819,870
74$22,230,130$15,662,391$14,086,562$21,466,419
75$24,428,520$16,360,765$14,489,379$23,268,250
76$26,848,969$17,091,183$14,903,513$25,240,750
77$29,514,060$17,855,146$15,329,277$27,400,862
78$32,448,674$18,654,229$15,766,987$29,767,240
79$35,680,230$19,490,078$16,216,973$32,360,419
80$39,238,942$20,364,420$16,679,570$35,203,011
81$43,158,102$21,279,064$17,155,123$38,319,917
82$47,474,394$22,235,904$17,643,986$41,738,554
83$52,228,244$23,236,925$18,146,522$45,489,115
84$57,464,199$24,284,208$18,663,103$49,604,852
85$63,231,343$25,379,930$19,194,114$54,122,384
86$69,583,769$26,526,376$19,739,946$59,082,040
87$76,581,082$27,725,937$20,301,002$64,528,239
88$84,288,963$28,981,118$20,877,696$70,509,905
89$92,779,792$30,294,547$21,470,453$77,080,923
90$102,133,325$31,668,975$22,079,708$84,300,649
91$112,437,454$33,107,284$22,705,908$92,234,459
92$123,789,029$34,612,497$23,349,511$100,954,371
93$136,294,779$36,187,777$24,010,988$110,539,714
94$150,072,312$37,836,444$24,690,822$121,077,878
95$165,251,230$39,561,972$25,389,507$132,665,128
96$181,974,351$41,368,005$26,107,551$145,407,515
97$200,399,057$43,258,359$26,845,476$159,421,869
98$220,698,778$45,237,035$27,603,817$174,836,897
99$243,064,629$47,308,226$28,383,121$191,794,391
100$267,707,217$49,476,324$29,183,950$210,450,567