Can I retire at age 68 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$974,433$965,753$957,285$949,019$940,949$904,330
2 years$482,393$473,408$464,701$456,259$448,071$411,620
3 years$318,401$309,378$300,693$292,330$284,274$249,140
4 years$236,421$227,425$218,827$210,607$202,747$169,195
5 years$187,245$178,304$169,819$161,766$154,125$122,243
6 years$154,473$145,599$137,239$129,366$121,954$91,762
7 years$131,073$122,274$114,046$106,359$99,181$70,669
8 years$113,531$104,811$96,720$89,222$82,280$55,420
9 years$99,894$91,257$83,305$75,997$69,292$44,044
10 years$88,992$80,438$72,627$65,510$59,040$35,357
11 years$80,077$71,610$63,940$57,014$50,777$28,604
12 years$72,653$64,273$56,745$50,009$44,002$23,281
13 years$66,377$58,084$50,698$44,150$38,370$19,040
14 years$61,001$52,797$45,552$39,192$33,635$15,632
15 years$56,347$48,231$41,128$34,952$29,615$12,873
16 years$52,278$44,251$37,288$31,296$26,174$10,628
17 years$48,692$40,753$33,931$28,119$23,208$8,793
18 years$45,508$37,658$30,974$25,341$20,635$7,286
19 years$42,662$34,901$28,356$22,898$18,393$6,046
20 years$40,104$32,432$26,023$20,738$16,429$5,023
21 years$37,793$30,209$23,936$18,821$14,702$4,177
22 years$35,695$28,199$22,061$17,113$13,178$3,476
23 years$33,782$26,374$20,370$15,585$11,829$2,895
24 years$32,031$24,711$18,838$14,214$10,633$2,412
25 years$30,422$23,190$17,448$12,981$9,568$2,011
26 years$28,940$21,795$16,182$11,870$8,618$1,677
27 years$27,570$20,511$15,027$10,864$7,770$1,398
28 years$26,300$19,328$13,969$9,954$7,011$1,167
29 years$25,119$18,233$13,000$9,128$6,331$974
30 years$24,020$17,219$12,109$8,377$5,720$813
31 years$22,993$16,278$11,289$7,694$5,172$678
32 years$22,033$15,402$10,532$7,071$4,678$566
33 years$21,132$14,586$9,834$6,502$4,234$473
34 years$20,286$13,825$9,188$5,983$3,833$395
35 years$19,491$13,112$8,591$5,507$3,472$330
36 years$18,741$12,446$8,036$5,072$3,146$275
37 years$18,034$11,820$7,522$4,673$2,851$230
38 years$17,365$11,234$7,044$4,308$2,585$192
39 years$16,732$10,682$6,599$3,972$2,344$161
40 years$16,132$10,163$6,186$3,663$2,126$134
41 years$15,564$9,674$5,800$3,380$1,929$112
42 years$15,023$9,213$5,441$3,119$1,750$94
43 years$14,509$8,779$5,105$2,879$1,588$78
44 years$14,020$8,368$4,792$2,659$1,442$65
45 years$13,554$7,979$4,500$2,455$1,309$55
46 years$13,109$7,612$4,226$2,268$1,188$46
47 years$12,685$7,264$3,971$2,095$1,079$38
48 years$12,280$6,935$3,731$1,936$980$32
49 years$11,892$6,622$3,507$1,789$890$27
50 years$11,521$6,326$3,297$1,654$808$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $11,800,000, adding $5,228 every year, while hoping to spend $47,842 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: 58/27/15 Blend
67$11,800,000$11,800,000$11,800,000$11,800,000
68$13,008,993$12,383,593$12,200,693$13,713,228
69$14,285,006$12,939,485$12,558,512$14,746,079
70$15,689,570$13,521,013$12,926,716$15,865,731
71$17,235,745$14,129,382$13,305,600$17,085,157
72$18,937,924$14,765,854$13,695,470$18,413,962
73$20,811,966$15,431,754$14,096,642$19,862,705
74$22,875,344$16,128,468$14,509,437$21,442,998
75$25,147,315$16,857,449$14,934,189$23,167,612
76$27,649,095$17,620,218$15,371,238$25,050,592
77$30,404,065$18,418,370$15,820,936$27,107,388
78$33,437,986$19,253,577$16,283,645$29,354,995
79$36,779,248$20,127,590$16,759,734$31,812,112
80$40,459,132$21,042,242$17,249,585$34,499,313
81$44,512,108$21,999,457$17,753,592$37,439,233
82$48,976,162$23,001,250$18,272,156$40,656,786
83$53,893,150$24,049,730$18,805,692$44,179,386
84$59,309,195$25,147,110$19,354,627$48,037,207
85$65,275,123$26,295,709$19,919,397$52,263,459
86$71,846,942$27,497,956$20,500,454$56,894,697
87$79,086,371$28,756,396$21,098,259$61,971,163
88$87,061,418$30,073,697$21,713,289$67,537,156
89$95,847,031$31,452,656$22,346,031$73,641,445
90$105,525,793$32,896,202$22,996,989$80,337,724
91$116,188,715$34,407,406$23,666,679$87,685,112
92$127,936,082$35,989,487$24,355,631$95,748,702
93$140,878,408$37,645,818$25,064,390$104,600,171
94$155,137,476$39,379,933$25,793,518$114,318,444
95$170,847,487$41,195,539$26,543,589$124,990,438
96$188,156,328$43,096,517$27,315,197$136,711,868
97$207,226,967$45,086,940$28,108,949$149,588,143
98$228,238,989$47,171,071$28,925,470$163,735,352
99$251,390,296$49,353,384$29,765,404$179,281,354
100$276,898,970$51,638,564$30,629,409$196,366,967