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%14.6%
1 years$966,175$957,569$949,172$940,977$932,974$915,260
2 years$478,304$469,397$460,763$452,393$444,274$426,496
3 years$315,702$306,756$298,144$289,852$281,865$264,578
4 years$234,417$225,498$216,973$208,822$201,029$184,366
5 years$185,659$176,793$168,380$160,396$152,819$136,827
6 years$153,164$144,365$136,076$128,270$120,920$105,618
7 years$129,962$121,237$113,080$105,458$98,341$83,731
8 years$112,569$103,923$95,901$88,466$81,583$67,662
9 years$99,048$90,484$82,599$75,353$68,705$55,464
10 years$88,237$79,757$72,012$64,955$58,540$45,967
11 years$79,398$71,003$63,398$56,530$50,346$38,427
12 years$72,038$63,728$56,264$49,585$43,629$32,346
13 years$65,814$57,592$50,268$43,776$38,045$27,381
14 years$60,484$52,349$45,166$38,859$33,350$23,285
15 years$55,870$47,822$40,779$34,656$29,364$19,877
16 years$51,835$43,876$36,972$31,030$25,952$17,022
17 years$48,280$40,408$33,643$27,881$23,011$14,616
18 years$45,122$37,339$30,712$25,126$20,460$12,579
19 years$42,301$34,605$28,115$22,704$18,237$10,846
20 years$39,765$32,157$25,803$20,562$16,289$9,368
21 years$37,473$29,953$23,734$18,662$14,577$8,102
22 years$35,392$27,960$21,874$16,968$13,066$7,015
23 years$33,495$26,150$20,197$15,453$11,729$6,081
24 years$31,759$24,501$18,679$14,094$10,542$5,276
25 years$30,164$22,993$17,300$12,871$9,487$4,581
26 years$28,695$21,610$16,045$11,769$8,545$3,980
27 years$27,336$20,337$14,899$10,772$7,704$3,459
28 years$26,077$19,164$13,851$9,870$6,952$3,009
29 years$24,906$18,079$12,889$9,051$6,277$2,618
30 years$23,816$17,074$12,006$8,306$5,672$2,279
31 years$22,798$16,140$11,193$7,629$5,128$1,984
32 years$21,846$15,272$10,443$7,011$4,638$1,728
33 years$20,953$14,463$9,751$6,447$4,198$1,505
34 years$20,114$13,707$9,111$5,932$3,801$1,312
35 years$19,326$13,001$8,518$5,461$3,442$1,143
36 years$18,582$12,340$7,968$5,029$3,119$997
37 years$17,881$11,720$7,458$4,634$2,827$869
38 years$17,218$11,138$6,984$4,271$2,563$757
39 years$16,590$10,592$6,543$3,938$2,324$660
40 years$15,996$10,077$6,133$3,632$2,108$576
41 years$15,432$9,592$5,751$3,351$1,912$502
42 years$14,896$9,135$5,395$3,093$1,735$438
43 years$14,386$8,704$5,062$2,855$1,575$382
44 years$13,901$8,297$4,752$2,636$1,430$333
45 years$13,439$7,912$4,462$2,435$1,298$291
46 years$12,998$7,548$4,190$2,249$1,178$254
47 years$12,578$7,203$3,937$2,078$1,070$221
48 years$12,176$6,876$3,700$1,920$972$193
49 years$11,791$6,566$3,477$1,774$883$168
50 years$11,423$6,272$3,269$1,640$802$147

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 $6,834 every year, while hoping to spend $27,799 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: 63/18/19 Blend
67$11,700,000$11,700,000$11,700,000$11,700,000
68$12,900,449$12,280,349$12,098,999$13,650,301
69$14,186,717$12,852,508$12,474,738$14,728,033
70$15,603,253$13,451,772$12,862,132$15,900,774
71$17,163,314$14,079,438$13,261,543$17,180,885
72$18,881,510$14,736,868$13,673,342$18,578,837
73$20,773,939$15,425,490$14,097,915$20,106,153
74$22,858,342$16,146,800$14,535,656$21,775,509
75$25,154,265$16,902,366$14,986,973$23,600,852
76$27,683,251$17,693,832$15,452,287$25,597,531
77$30,469,035$18,522,923$15,932,031$27,782,435
78$33,537,775$19,391,445$16,426,653$30,174,155
79$36,918,296$20,301,293$16,936,613$32,793,148
80$40,642,358$21,254,453$17,462,386$35,661,936
81$44,744,965$22,253,007$18,004,462$38,805,308
82$49,264,686$23,299,138$18,563,346$42,250,552
83$54,244,023$24,395,136$19,139,558$46,027,712
84$59,729,815$25,543,399$19,733,634$50,169,863
85$65,773,675$26,746,444$20,346,129$54,713,422
86$72,432,477$28,006,907$20,977,612$59,698,486
87$79,768,899$29,327,555$21,628,671$65,169,205
88$87,852,008$30,711,286$22,299,913$71,174,198
89$96,757,914$32,161,140$22,991,961$77,767,001
90$106,570,490$33,680,305$23,705,461$85,006,573
91$117,382,161$35,272,122$24,441,075$92,957,842
92$129,294,780$36,940,094$25,199,490$101,692,316
93$142,420,585$38,687,896$25,981,410$111,288,750
94$156,883,261$40,519,379$26,787,563$121,833,884
95$172,819,106$42,438,581$27,618,699$133,423,254
96$190,378,321$44,449,738$28,475,592$146,162,091
97$209,726,423$46,557,288$29,359,037$160,166,301
98$231,045,811$48,765,889$30,269,858$175,563,557
99$254,537,487$51,080,420$31,208,901$192,494,495
100$280,422,951$53,506,001$32,177,040$211,114,031