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

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$949,659$941,200$932,947$924,892$917,026$893,407
2 years$470,128$461,373$452,887$444,660$436,679$413,041
3 years$310,306$301,512$293,048$284,898$277,047$254,129
4 years$230,410$221,643$213,264$205,253$197,592$175,570
5 years$182,485$173,771$165,501$157,654$150,207$129,142
6 years$150,546$141,897$133,750$126,077$118,853$98,766
7 years$127,741$119,165$111,147$103,655$96,660$77,552
8 years$110,645$102,146$94,261$86,953$80,188$62,051
9 years$97,355$88,937$81,187$74,065$67,530$50,348
10 years$86,729$78,393$70,781$63,845$57,539$41,290
11 years$78,041$69,789$62,314$55,564$49,486$34,146
12 years$70,806$62,639$55,302$48,737$42,883$28,426
13 years$64,689$56,607$49,409$43,028$37,395$23,791
14 years$59,451$51,454$44,394$38,195$32,780$19,999
15 years$54,914$47,005$40,082$34,063$28,862$16,871
16 years$50,949$43,126$36,340$30,500$25,509$14,275
17 years$47,454$39,717$33,068$27,404$22,618$12,108
18 years$44,351$36,701$30,187$24,697$20,111$10,291
19 years$41,578$34,014$27,635$22,315$17,925$8,762
20 years$39,085$31,607$25,362$20,211$16,011$7,471
21 years$36,832$29,441$23,328$18,343$14,328$6,378
22 years$34,787$27,482$21,500$16,678$12,843$5,451
23 years$32,923$25,703$19,852$15,189$11,529$4,662
24 years$31,216$24,082$18,359$13,853$10,362$3,991
25 years$29,649$22,600$17,005$12,651$9,324$3,418
26 years$28,204$21,240$15,771$11,568$8,399$2,930
27 years$26,869$19,990$14,645$10,588$7,572$2,512
28 years$25,631$18,836$13,614$9,701$6,833$2,155
29 years$24,481$17,770$12,669$8,896$6,170$1,849
30 years$23,409$16,782$11,801$8,164$5,575$1,587
31 years$22,408$15,864$11,002$7,498$5,040$1,362
32 years$21,472$15,011$10,265$6,891$4,559$1,170
33 years$20,595$14,215$9,584$6,337$4,126$1,005
34 years$19,771$13,473$8,955$5,831$3,736$863
35 years$18,995$12,779$8,372$5,367$3,384$742
36 years$18,265$12,129$7,832$4,943$3,066$637
37 years$17,575$11,520$7,331$4,555$2,779$548
38 years$16,923$10,948$6,865$4,198$2,519$471
39 years$16,307$10,410$6,432$3,871$2,284$404
40 years$15,722$9,905$6,028$3,570$2,072$348
41 years$15,168$9,428$5,653$3,294$1,880$299
42 years$14,641$8,979$5,302$3,040$1,706$257
43 years$14,140$8,555$4,976$2,806$1,548$221
44 years$13,664$8,155$4,670$2,591$1,405$190
45 years$13,209$7,777$4,385$2,393$1,276$163
46 years$12,776$7,419$4,119$2,210$1,158$140
47 years$12,363$7,080$3,870$2,042$1,052$121
48 years$11,967$6,758$3,636$1,887$955$104
49 years$11,590$6,454$3,418$1,744$867$89
50 years$11,228$6,165$3,213$1,612$788$77

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 $6,498 every year, while hoping to spend $30,063 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: 55/16/29 Blend
67$11,500,000$11,500,000$11,500,000$11,500,000
68$12,679,703$12,070,203$11,891,953$13,274,734
69$13,941,046$12,629,656$12,258,346$14,245,795
70$15,330,038$13,215,515$12,636,007$15,299,259
71$16,859,668$13,829,041$13,025,279$16,446,089
72$18,544,248$14,471,558$13,426,520$17,695,290
73$20,399,550$15,144,453$13,840,097$19,056,764
74$22,442,952$15,849,179$14,266,388$20,541,401
75$24,693,604$16,587,260$14,705,783$22,161,181
76$27,172,609$17,360,293$15,158,684$23,929,282
77$29,903,221$18,169,953$15,625,506$25,860,205
78$32,911,064$19,017,995$16,106,674$27,969,903
79$36,224,375$19,906,259$16,602,630$30,275,930
80$39,874,269$20,836,674$17,113,827$32,797,606
81$43,895,036$21,811,262$17,640,731$35,556,193
82$48,324,458$22,832,143$18,183,825$38,575,092
83$53,204,174$23,901,540$18,743,604$41,880,061
84$58,580,066$25,021,781$19,320,581$45,499,453
85$64,502,694$26,195,309$19,915,282$49,464,482
86$71,027,775$27,424,686$20,528,250$53,809,510
87$78,216,708$28,712,595$21,160,046$58,572,369
88$86,137,151$30,061,851$21,811,246$63,794,712
89$94,863,662$31,475,403$22,482,444$69,522,404
90$104,478,404$32,956,347$23,174,255$75,805,945
91$115,071,917$34,507,924$23,887,308$82,700,945
92$126,743,975$36,133,535$24,622,256$90,268,643
93$139,604,527$37,836,744$25,379,768$98,576,480
94$153,774,734$39,621,290$26,160,535$107,698,724
95$169,388,115$41,491,091$26,965,271$117,717,174
96$186,591,803$43,450,255$27,794,708$128,721,917
97$205,547,940$45,503,090$28,649,604$140,812,176
98$226,435,202$47,654,113$29,530,737$154,097,238
99$249,450,487$49,908,060$30,438,912$168,697,481
100$274,810,777$52,269,895$31,374,955$184,745,498