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%16.7%
1 years$974,433$965,753$957,285$949,019$940,949$915,233
2 years$482,393$473,408$464,701$456,259$448,071$422,350
3 years$318,401$309,378$300,693$292,330$284,274$259,354
4 years$236,421$227,425$218,827$210,607$202,747$178,819
5 years$187,245$178,304$169,819$161,766$154,125$131,255
6 years$154,473$145,599$137,239$129,366$121,954$100,163
7 years$131,073$122,274$114,046$106,359$99,181$78,471
8 years$113,531$104,811$96,720$89,222$82,280$62,639
9 years$99,894$91,257$83,305$75,997$69,292$50,702
10 years$88,992$80,438$72,627$65,510$59,040$41,477
11 years$80,077$71,610$63,940$57,014$50,777$34,213
12 years$72,653$64,273$56,745$50,009$44,002$28,407
13 years$66,377$58,084$50,698$44,150$38,370$23,712
14 years$61,001$52,797$45,552$39,192$33,635$19,877
15 years$56,347$48,231$41,128$34,952$29,615$16,721
16 years$52,278$44,251$37,288$31,296$26,174$14,108
17 years$48,692$40,753$33,931$28,119$23,208$11,931
18 years$45,508$37,658$30,974$25,341$20,635$10,111
19 years$42,662$34,901$28,356$22,898$18,393$8,583
20 years$40,104$32,432$26,023$20,738$16,429$7,296
21 years$37,793$30,209$23,936$18,821$14,702$6,209
22 years$35,695$28,199$22,061$17,113$13,178$5,290
23 years$33,782$26,374$20,370$15,585$11,829$4,511
24 years$32,031$24,711$18,838$14,214$10,633$3,849
25 years$30,422$23,190$17,448$12,981$9,568$3,286
26 years$28,940$21,795$16,182$11,870$8,618$2,807
27 years$27,570$20,511$15,027$10,864$7,770$2,399
28 years$26,300$19,328$13,969$9,954$7,011$2,051
29 years$25,119$18,233$13,000$9,128$6,331$1,754
30 years$24,020$17,219$12,109$8,377$5,720$1,501
31 years$22,993$16,278$11,289$7,694$5,172$1,284
32 years$22,033$15,402$10,532$7,071$4,678$1,099
33 years$21,132$14,586$9,834$6,502$4,234$941
34 years$20,286$13,825$9,188$5,983$3,833$806
35 years$19,491$13,112$8,591$5,507$3,472$690
36 years$18,741$12,446$8,036$5,072$3,146$591
37 years$18,034$11,820$7,522$4,673$2,851$506
38 years$17,365$11,234$7,044$4,308$2,585$433
39 years$16,732$10,682$6,599$3,972$2,344$371
40 years$16,132$10,163$6,186$3,663$2,126$318
41 years$15,564$9,674$5,800$3,380$1,929$272
42 years$15,023$9,213$5,441$3,119$1,750$233
43 years$14,509$8,779$5,105$2,879$1,588$200
44 years$14,020$8,368$4,792$2,659$1,442$171
45 years$13,554$7,979$4,500$2,455$1,309$147
46 years$13,109$7,612$4,226$2,268$1,188$126
47 years$12,685$7,264$3,971$2,095$1,079$108
48 years$12,280$6,935$3,731$1,936$980$92
49 years$11,892$6,622$3,507$1,789$890$79
50 years$11,521$6,326$3,297$1,654$808$68

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 $6,082 every year, while hoping to spend $47,217 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: 63/29/8 Blend
67$11,800,000$11,800,000$11,800,000$11,800,000
68$13,009,874$12,384,474$12,201,574$13,808,033
69$14,286,642$12,941,074$12,560,088$14,897,993
70$15,692,059$13,523,366$12,929,030$16,081,489
71$17,239,195$14,132,557$13,308,699$17,372,450
72$18,942,456$14,769,916$13,699,403$18,781,286
73$20,817,712$15,436,767$14,101,459$20,319,448
74$22,882,454$16,134,503$14,515,192$21,999,526
75$25,155,950$16,864,581$14,940,938$23,835,372
76$27,659,438$17,628,525$15,379,040$25,842,219
77$30,416,314$18,427,937$15,829,851$28,036,830
78$33,452,364$19,264,492$16,293,737$30,437,645
79$36,795,999$20,139,946$16,771,072$33,064,955
80$40,478,527$21,056,140$17,262,238$35,941,087
81$44,534,447$22,015,000$17,767,633$39,090,612
82$49,001,775$23,018,549$18,287,663$42,540,570
83$53,922,402$24,068,904$18,822,746$46,320,726
84$59,342,489$25,168,283$19,373,310$50,463,837
85$65,312,906$26,319,012$19,939,799$55,005,963
86$71,889,706$27,523,527$20,522,666$59,986,800
87$79,134,658$28,784,382$21,122,377$65,450,047
88$87,115,830$30,104,253$21,739,414$71,443,815
89$95,908,229$31,485,946$22,374,268$78,021,071
90$105,594,509$32,932,398$23,027,447$85,240,138
91$116,265,755$34,446,692$23,699,473$93,165,230
92$128,022,337$36,032,055$24,390,880$101,867,057
93$140,974,861$37,691,871$25,102,220$111,423,485
94$155,245,212$39,429,687$25,834,059$121,920,258
95$170,967,701$41,249,220$26,586,978$133,451,804
96$188,290,340$43,154,366$27,361,576$146,122,115
97$207,376,233$45,149,207$28,158,466$160,045,721
98$228,405,115$47,238,025$28,978,281$175,348,760
99$251,575,053$49,425,304$29,821,670$192,170,161
100$277,104,312$51,715,748$30,689,299$210,662,941