Can I retire at age 68 with 11,600,000?

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 $11,600,000?

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$957,917$949,385$941,060$932,934$925,000$916,103
2 years$474,216$465,385$456,825$448,526$440,476$431,513
3 years$313,004$304,134$295,596$287,375$279,456$270,706
4 years$232,413$223,571$215,118$207,038$199,311$190,840
5 years$184,072$175,282$166,941$159,025$151,513$143,347
6 years$151,855$143,131$134,913$127,173$119,887$112,036
7 years$128,851$120,201$112,113$104,556$97,500$89,967
8 years$111,607$103,035$95,081$87,710$80,886$73,671
9 years$98,201$89,710$81,893$74,709$68,118$61,218
10 years$87,483$79,075$71,396$64,400$58,040$51,451
11 years$78,720$70,396$62,856$56,047$49,916$43,634
12 years$71,422$63,184$55,783$49,161$43,256$37,274
13 years$65,252$57,100$49,839$43,402$37,720$32,031
14 years$59,968$51,902$44,780$38,527$33,065$27,661
15 years$55,392$47,413$40,431$34,360$29,113$23,987
16 years$51,392$43,501$36,656$30,765$25,730$20,873
17 years$47,867$40,063$33,356$27,642$22,814$18,217
18 years$44,737$37,020$30,449$24,911$20,285$15,939
19 years$41,939$34,309$27,875$22,509$18,081$13,977
20 years$39,425$31,882$25,582$20,387$16,150$12,279
21 years$37,153$29,697$23,531$18,502$14,453$10,805
22 years$35,090$27,721$21,687$16,823$12,955$9,522
23 years$33,209$25,927$20,024$15,321$11,629$8,401
24 years$31,488$24,292$18,519$13,973$10,452$7,420
25 years$29,907$22,797$17,152$12,761$9,405$6,560
26 years$28,449$21,425$15,908$11,668$8,472$5,805
27 years$27,102$20,164$14,772$10,680$7,638$5,140
28 years$25,854$19,000$13,732$9,785$6,892$4,554
29 years$24,694$17,924$12,779$8,973$6,223$4,038
30 years$23,613$16,928$11,903$8,235$5,623$3,581
31 years$22,603$16,002$11,097$7,564$5,084$3,178
32 years$21,659$15,141$10,354$6,951$4,599$2,821
33 years$20,774$14,339$9,667$6,392$4,162$2,505
34 years$19,943$13,590$9,033$5,881$3,768$2,226
35 years$19,160$12,890$8,445$5,414$3,413$1,977
36 years$18,423$12,235$7,900$4,986$3,092$1,758
37 years$17,728$11,620$7,394$4,594$2,803$1,562
38 years$17,071$11,043$6,924$4,235$2,541$1,389
39 years$16,449$10,501$6,487$3,904$2,304$1,235
40 years$15,859$9,991$6,081$3,601$2,090$1,099
41 years$15,300$9,510$5,702$3,323$1,896$977
42 years$14,768$9,057$5,348$3,066$1,720$869
43 years$14,263$8,630$5,019$2,831$1,561$774
44 years$13,782$8,226$4,711$2,614$1,417$688
45 years$13,324$7,844$4,423$2,414$1,287$613
46 years$12,887$7,483$4,155$2,230$1,168$545
47 years$12,470$7,141$3,903$2,060$1,061$485
48 years$12,072$6,817$3,668$1,903$963$432
49 years$11,690$6,510$3,448$1,759$875$384
50 years$11,326$6,219$3,241$1,626$795$342

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $11,600,000, adding $5,349 every year, while hoping to spend $24,485 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: 75/9/16 Blend
67$11,600,000$11,600,000$11,600,000$11,600,000
68$12,788,717$12,173,917$11,994,117$13,702,086
69$14,067,115$12,744,388$12,369,869$14,877,397
70$15,475,088$13,341,990$12,757,387$16,161,657
71$17,025,828$13,968,029$13,157,040$17,568,608
72$18,733,870$14,623,870$13,569,209$19,110,454
73$20,615,232$15,310,947$13,994,285$20,800,635
74$22,687,564$16,030,761$14,432,671$22,653,947
75$24,970,316$16,784,889$14,884,786$24,686,683
76$27,484,920$17,574,980$15,351,058$26,916,783
77$30,254,993$18,402,765$15,831,930$29,364,005
78$33,306,563$19,270,061$16,327,860$32,050,106
79$36,668,307$20,178,769$16,839,318$34,999,048
80$40,371,831$21,130,885$17,366,792$38,237,219
81$44,451,959$22,128,501$17,910,781$41,793,684
82$48,947,071$23,173,808$18,471,804$45,700,454
83$53,899,455$24,269,108$19,050,392$49,992,788
84$59,355,716$25,416,811$19,647,097$54,709,523
85$65,367,208$26,619,444$20,262,484$59,893,435
86$71,990,525$27,879,659$20,897,139$65,591,646
87$79,288,030$29,200,233$21,551,664$71,856,062
88$87,328,447$30,584,082$22,226,682$78,743,860
89$96,187,506$32,034,260$22,922,834$86,318,027
90$105,948,664$33,553,971$23,640,781$94,647,951
91$116,703,885$35,146,573$24,381,205$103,810,072
92$128,554,516$36,815,590$25,144,810$113,888,600
93$141,612,236$38,564,713$25,932,321$124,976,307
94$156,000,116$40,397,816$26,744,486$137,175,402
95$171,853,779$42,318,960$27,582,076$150,598,487
96$189,322,676$44,332,401$28,445,888$165,369,618
97$208,571,506$46,442,605$29,336,742$181,625,475
98$229,781,760$48,654,253$30,255,483$199,516,644
99$253,153,443$50,972,255$31,202,985$219,209,036
100$278,906,957$53,401,758$32,180,148$240,885,447