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%13.2%
1 years$966,175$957,569$949,172$940,977$932,974$920,553
2 years$478,304$469,397$460,763$452,393$444,274$431,779
3 years$315,702$306,756$298,144$289,852$281,865$269,686
4 years$234,417$225,498$216,973$208,822$201,029$189,259
5 years$185,659$176,793$168,380$160,396$152,819$141,492
6 years$153,164$144,365$136,076$128,270$120,920$110,050
7 years$129,962$121,237$113,080$105,458$98,341$87,931
8 years$112,569$103,923$95,901$88,466$81,583$71,633
9 years$99,048$90,484$82,599$75,353$68,705$59,210
10 years$88,237$79,757$72,012$64,955$58,540$49,494
11 years$79,398$71,003$63,398$56,530$50,346$41,740
12 years$72,038$63,728$56,264$49,585$43,629$35,453
13 years$65,814$57,592$50,268$43,776$38,045$30,288
14 years$60,484$52,349$45,166$38,859$33,350$26,001
15 years$55,870$47,822$40,779$34,656$29,364$22,410
16 years$51,835$43,876$36,972$31,030$25,952$19,380
17 years$48,280$40,408$33,643$27,881$23,011$16,807
18 years$45,122$37,339$30,712$25,126$20,460$14,612
19 years$42,301$34,605$28,115$22,704$18,237$12,729
20 years$39,765$32,157$25,803$20,562$16,289$11,109
21 years$37,473$29,953$23,734$18,662$14,577$9,710
22 years$35,392$27,960$21,874$16,968$13,066$8,499
23 years$33,495$26,150$20,197$15,453$11,729$7,447
24 years$31,759$24,501$18,679$14,094$10,542$6,532
25 years$30,164$22,993$17,300$12,871$9,487$5,734
26 years$28,695$21,610$16,045$11,769$8,545$5,038
27 years$27,336$20,337$14,899$10,772$7,704$4,429
28 years$26,077$19,164$13,851$9,870$6,952$3,896
29 years$24,906$18,079$12,889$9,051$6,277$3,429
30 years$23,816$17,074$12,006$8,306$5,672$3,019
31 years$22,798$16,140$11,193$7,629$5,128$2,659
32 years$21,846$15,272$10,443$7,011$4,638$2,343
33 years$20,953$14,463$9,751$6,447$4,198$2,065
34 years$20,114$13,707$9,111$5,932$3,801$1,821
35 years$19,326$13,001$8,518$5,461$3,442$1,606
36 years$18,582$12,340$7,968$5,029$3,119$1,416
37 years$17,881$11,720$7,458$4,634$2,827$1,250
38 years$17,218$11,138$6,984$4,271$2,563$1,103
39 years$16,590$10,592$6,543$3,938$2,324$973
40 years$15,996$10,077$6,133$3,632$2,108$859
41 years$15,432$9,592$5,751$3,351$1,912$758
42 years$14,896$9,135$5,395$3,093$1,735$669
43 years$14,386$8,704$5,062$2,855$1,575$591
44 years$13,901$8,297$4,752$2,636$1,430$521
45 years$13,439$7,912$4,462$2,435$1,298$460
46 years$12,998$7,548$4,190$2,249$1,178$407
47 years$12,578$7,203$3,937$2,078$1,070$359
48 years$12,176$6,876$3,700$1,920$972$317
49 years$11,791$6,566$3,477$1,774$883$280
50 years$11,423$6,272$3,269$1,640$802$247

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 $4,023 every year, while hoping to spend $49,670 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$12,897,550$12,277,450$12,096,100$13,489,350
69$14,160,251$12,826,196$12,448,471$14,446,882
70$15,550,084$13,400,167$12,810,981$15,482,402
71$17,079,962$14,000,544$13,183,919$16,607,751
72$18,764,116$14,628,569$13,567,578$17,831,488
73$20,618,227$15,285,541$13,962,263$19,163,024
74$22,659,573$15,972,819$14,368,286$20,612,700
75$24,907,193$16,691,830$14,785,966$22,191,889
76$27,382,064$17,444,067$15,215,634$23,913,094
77$30,107,303$18,231,095$15,657,626$25,790,067
78$33,108,384$19,054,555$16,112,293$27,837,930
79$36,413,374$19,916,163$16,579,989$30,073,318
80$40,053,203$20,817,720$17,061,084$32,514,529
81$44,061,953$21,761,111$17,555,953$35,181,693
82$48,477,180$22,748,314$18,064,986$38,096,960
83$53,340,269$23,781,397$18,588,579$41,284,699
84$58,696,824$24,862,533$19,127,144$44,771,729
85$64,597,095$25,993,993$19,681,099$48,587,562
86$71,096,461$27,178,160$20,250,877$52,764,679
87$78,255,941$28,417,531$20,836,923$57,338,829
88$86,142,778$29,714,722$21,439,691$62,349,362
89$94,831,073$31,072,474$22,059,652$67,839,596
90$104,402,477$32,493,660$22,697,285$73,857,213
91$114,946,973$33,981,292$23,353,087$80,454,711
92$126,563,713$35,538,524$24,027,564$87,689,883
93$139,361,963$37,168,663$24,721,239$95,626,366
94$153,462,130$38,875,175$25,434,648$104,334,224
95$168,996,900$40,661,691$26,168,341$113,890,607
96$186,112,487$42,532,018$26,922,884$124,380,470
97$204,970,019$44,490,144$27,698,859$135,897,364
98$225,747,052$46,540,252$28,496,861$148,544,313
99$248,639,249$48,686,723$29,317,504$162,434,776
100$273,862,230$50,934,150$30,161,418$177,693,705