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

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$966,175$957,569$949,172$940,977$932,974$923,231
2 years$478,304$469,397$460,763$452,393$444,274$434,462
3 years$315,702$306,756$298,144$289,852$281,865$272,289
4 years$234,417$225,498$216,973$208,822$201,029$191,762
5 years$185,659$176,793$168,380$160,396$152,819$143,889
6 years$153,164$144,365$136,076$128,270$120,920$112,339
7 years$129,962$121,237$113,080$105,458$98,341$90,110
8 years$112,569$103,923$95,901$88,466$81,583$73,704
9 years$99,048$90,484$82,599$75,353$68,705$61,173
10 years$88,237$79,757$72,012$64,955$58,540$51,352
11 years$79,398$71,003$63,398$56,530$50,346$43,496
12 years$72,038$63,728$56,264$49,585$43,629$37,109
13 years$65,814$57,592$50,268$43,776$38,045$31,848
14 years$60,484$52,349$45,166$38,859$33,350$27,467
15 years$55,870$47,822$40,779$34,656$29,364$23,786
16 years$51,835$43,876$36,972$31,030$25,952$20,670
17 years$48,280$40,408$33,643$27,881$23,011$18,015
18 years$45,122$37,339$30,712$25,126$20,460$15,740
19 years$42,301$34,605$28,115$22,704$18,237$13,782
20 years$39,765$32,157$25,803$20,562$16,289$12,090
21 years$37,473$29,953$23,734$18,662$14,577$10,623
22 years$35,392$27,960$21,874$16,968$13,066$9,347
23 years$33,495$26,150$20,197$15,453$11,729$8,235
24 years$31,759$24,501$18,679$14,094$10,542$7,262
25 years$30,164$22,993$17,300$12,871$9,487$6,410
26 years$28,695$21,610$16,045$11,769$8,545$5,663
27 years$27,336$20,337$14,899$10,772$7,704$5,007
28 years$26,077$19,164$13,851$9,870$6,952$4,429
29 years$24,906$18,079$12,889$9,051$6,277$3,920
30 years$23,816$17,074$12,006$8,306$5,672$3,471
31 years$22,798$16,140$11,193$7,629$5,128$3,075
32 years$21,846$15,272$10,443$7,011$4,638$2,726
33 years$20,953$14,463$9,751$6,447$4,198$2,417
34 years$20,114$13,707$9,111$5,932$3,801$2,143
35 years$19,326$13,001$8,518$5,461$3,442$1,901
36 years$18,582$12,340$7,968$5,029$3,119$1,687
37 years$17,881$11,720$7,458$4,634$2,827$1,497
38 years$17,218$11,138$6,984$4,271$2,563$1,329
39 years$16,590$10,592$6,543$3,938$2,324$1,179
40 years$15,996$10,077$6,133$3,632$2,108$1,047
41 years$15,432$9,592$5,751$3,351$1,912$930
42 years$14,896$9,135$5,395$3,093$1,735$826
43 years$14,386$8,704$5,062$2,855$1,575$734
44 years$13,901$8,297$4,752$2,636$1,430$652
45 years$13,439$7,912$4,462$2,435$1,298$579
46 years$12,998$7,548$4,190$2,249$1,178$514
47 years$12,578$7,203$3,937$2,078$1,070$457
48 years$12,176$6,876$3,700$1,920$972$406
49 years$11,791$6,566$3,477$1,774$883$361
50 years$11,423$6,272$3,269$1,640$802$320

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 $4,937 every year, while hoping to spend $29,031 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: 61/24/15 Blend
67$11,700,000$11,700,000$11,700,000$11,700,000
68$12,898,493$12,278,393$12,097,043$13,636,774
69$14,183,250$12,849,145$12,471,405$14,704,985
70$15,598,080$13,446,891$12,857,335$15,866,456
71$17,156,218$14,072,924$13,255,190$17,133,235
72$18,872,252$14,728,596$13,665,339$18,515,524
73$20,762,253$15,415,329$14,088,159$20,024,545
74$22,843,933$16,134,610$14,524,042$21,672,637
75$25,136,808$16,888,000$14,973,391$23,473,377
76$27,662,384$17,677,133$15,436,622$25,441,697
77$30,444,360$18,503,726$15,914,161$27,594,026
78$33,508,851$19,369,574$16,406,452$29,948,440
79$36,884,633$20,276,563$16,913,947$32,524,828
80$40,603,418$21,226,667$17,437,117$35,345,077
81$44,700,151$22,221,958$17,976,445$38,433,275
82$49,213,339$23,264,607$18,532,428$41,815,930
83$54,185,416$24,356,889$19,105,581$45,522,221
84$59,663,143$25,501,190$19,696,432$49,584,263
85$65,698,049$26,700,014$20,305,528$54,037,410
86$72,346,916$27,955,981$20,933,430$58,920,581
87$79,672,320$29,271,842$21,580,718$64,276,622
88$87,743,214$30,650,481$22,247,990$70,152,702
89$96,635,586$32,094,918$22,935,861$76,600,760
90$106,433,171$33,608,324$23,644,967$83,677,979
91$117,228,243$35,194,020$24,375,962$91,447,327
92$129,122,487$36,855,490$25,129,520$99,978,140
93$142,227,958$38,596,387$25,906,337$109,346,771
94$156,668,139$40,420,540$26,707,129$119,637,303
95$172,579,106$42,331,963$27,532,634$130,942,334
96$190,110,813$44,334,867$28,383,615$143,363,844
97$209,428,505$46,433,665$29,260,856$157,014,149
98$230,714,284$48,632,985$30,165,165$172,016,950
99$254,168,820$50,937,681$31,097,378$188,508,493
100$280,013,251$53,352,839$32,058,352$206,638,847