Can I retire at age 68 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$966,175$957,569$949,172$940,977$932,974$915,636
2 years$478,304$469,397$460,763$452,393$444,274$426,870
3 years$315,702$306,756$298,144$289,852$281,865$264,939
4 years$234,417$225,498$216,973$208,822$201,029$184,710
5 years$185,659$176,793$168,380$160,396$152,819$137,155
6 years$153,164$144,365$136,076$128,270$120,920$105,928
7 years$129,962$121,237$113,080$105,458$98,341$84,024
8 years$112,569$103,923$95,901$88,466$81,583$67,938
9 years$99,048$90,484$82,599$75,353$68,705$55,724
10 years$88,237$79,757$72,012$64,955$58,540$46,211
11 years$79,398$71,003$63,398$56,530$50,346$38,655
12 years$72,038$63,728$56,264$49,585$43,629$32,559
13 years$65,814$57,592$50,268$43,776$38,045$27,580
14 years$60,484$52,349$45,166$38,859$33,350$23,470
15 years$55,870$47,822$40,779$34,656$29,364$20,049
16 years$51,835$43,876$36,972$31,030$25,952$17,181
17 years$48,280$40,408$33,643$27,881$23,011$14,763
18 years$45,122$37,339$30,712$25,126$20,460$12,715
19 years$42,301$34,605$28,115$22,704$18,237$10,972
20 years$39,765$32,157$25,803$20,562$16,289$9,483
21 years$37,473$29,953$23,734$18,662$14,577$8,208
22 years$35,392$27,960$21,874$16,968$13,066$7,113
23 years$33,495$26,150$20,197$15,453$11,729$6,170
24 years$31,759$24,501$18,679$14,094$10,542$5,357
25 years$30,164$22,993$17,300$12,871$9,487$4,655
26 years$28,695$21,610$16,045$11,769$8,545$4,048
27 years$27,336$20,337$14,899$10,772$7,704$3,521
28 years$26,077$19,164$13,851$9,870$6,952$3,065
29 years$24,906$18,079$12,889$9,051$6,277$2,669
30 years$23,816$17,074$12,006$8,306$5,672$2,325
31 years$22,798$16,140$11,193$7,629$5,128$2,026
32 years$21,846$15,272$10,443$7,011$4,638$1,766
33 years$20,953$14,463$9,751$6,447$4,198$1,540
34 years$20,114$13,707$9,111$5,932$3,801$1,343
35 years$19,326$13,001$8,518$5,461$3,442$1,171
36 years$18,582$12,340$7,968$5,029$3,119$1,022
37 years$17,881$11,720$7,458$4,634$2,827$892
38 years$17,218$11,138$6,984$4,271$2,563$778
39 years$16,590$10,592$6,543$3,938$2,324$679
40 years$15,996$10,077$6,133$3,632$2,108$593
41 years$15,432$9,592$5,751$3,351$1,912$517
42 years$14,896$9,135$5,395$3,093$1,735$452
43 years$14,386$8,704$5,062$2,855$1,575$394
44 years$13,901$8,297$4,752$2,636$1,430$344
45 years$13,439$7,912$4,462$2,435$1,298$300
46 years$12,998$7,548$4,190$2,249$1,178$262
47 years$12,578$7,203$3,937$2,078$1,070$229
48 years$12,176$6,876$3,700$1,920$972$200
49 years$11,791$6,566$3,477$1,774$883$175
50 years$11,423$6,272$3,269$1,640$802$153

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $11,700,000, adding $3,577 every year, while hoping to spend $37,080 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: 52/26/22 Blend
67$11,700,000$11,700,000$11,700,000$11,700,000
68$12,897,090$12,276,990$12,095,640$13,488,890
69$14,173,140$12,839,109$12,461,391$14,459,747
70$15,578,105$13,427,530$12,838,152$15,511,089
71$17,125,094$14,043,502$13,226,252$16,653,912
72$18,828,554$14,688,333$13,626,032$17,896,929
73$20,704,402$15,363,398$14,037,840$19,249,715
74$22,770,181$16,070,134$14,462,037$20,722,796
75$25,045,217$16,810,048$14,898,994$22,327,744
76$27,550,811$17,584,722$15,349,091$24,077,282
77$30,310,430$18,395,810$15,812,723$25,985,400
78$33,349,939$19,245,050$16,290,293$28,067,483
79$36,697,834$20,134,258$16,782,220$30,340,453
80$40,385,520$21,065,344$17,288,931$32,822,924
81$44,447,602$22,040,305$17,810,869$35,535,371
82$48,922,213$23,061,235$18,348,489$38,500,321
83$53,851,374$24,130,331$18,902,259$41,742,560
84$59,281,391$25,249,895$19,472,662$45,289,359
85$65,263,292$26,422,338$20,060,194$49,170,732
86$71,853,305$27,650,190$20,665,368$53,419,705
87$79,113,393$28,936,101$21,288,709$58,072,628
88$87,111,839$30,282,849$21,930,761$63,169,512
89$95,923,886$31,693,348$22,592,081$68,754,395
90$105,632,451$33,170,651$23,273,244$74,875,756
91$116,328,906$34,717,958$23,974,842$81,586,962
92$128,113,940$36,338,624$24,697,486$88,946,766
93$141,098,512$38,036,166$25,441,801$97,019,853
94$155,404,894$39,814,273$26,208,436$105,877,444
95$171,167,829$41,676,807$26,998,054$115,597,957
96$188,535,800$43,627,823$27,811,340$126,267,739
97$207,672,432$45,671,567$28,649,001$137,981,874
98$228,758,039$47,812,493$29,511,762$150,845,069
99$251,991,323$50,055,269$30,400,370$164,972,632
100$277,591,251$52,404,791$31,315,596$180,491,548