Can I retire at age 68 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$982,691$973,938$965,398$957,062$948,923$917,080
2 years$486,481$477,420$468,640$460,126$451,868$420,101
3 years$321,099$311,999$303,241$294,807$286,684$255,989
4 years$238,424$229,353$220,682$212,392$204,465$175,079
5 years$188,832$179,815$171,258$163,137$155,431$127,431
6 years$155,782$146,833$138,402$130,462$122,987$96,396
7 years$132,184$123,310$115,013$107,260$100,022$74,835
8 years$114,493$105,699$97,540$89,978$82,978$59,177
9 years$100,741$92,030$84,011$76,641$69,879$47,435
10 years$89,746$81,120$73,243$66,065$59,541$38,418
11 years$80,756$72,217$64,482$57,497$51,207$31,364
12 years$73,269$64,818$57,226$50,432$44,375$25,768
13 years$66,939$58,576$51,128$44,524$38,696$21,276
14 years$61,518$53,244$45,938$39,524$33,920$17,639
15 years$56,825$48,640$41,476$35,248$29,866$14,672
16 years$52,721$44,626$37,604$31,561$26,396$12,237
17 years$49,105$41,099$34,218$28,357$23,404$10,228
18 years$45,894$37,977$31,237$25,556$20,810$8,565
19 years$43,024$35,197$28,596$23,092$18,548$7,184
20 years$40,444$32,707$26,244$20,914$16,568$6,033
21 years$38,113$30,465$24,139$18,981$14,826$5,071
22 years$35,997$28,438$22,248$17,258$13,290$4,267
23 years$34,068$26,597$20,542$15,717$11,930$3,593
24 years$32,302$24,920$18,998$14,335$10,723$3,027
25 years$30,680$23,386$17,596$13,091$9,649$2,551
26 years$29,185$21,979$16,319$11,970$8,691$2,152
27 years$27,803$20,685$15,154$10,957$7,836$1,815
28 years$26,523$19,491$14,088$10,039$7,070$1,532
29 years$25,332$18,388$13,110$9,206$6,384$1,293
30 years$24,223$17,365$12,211$8,448$5,769$1,092
31 years$23,188$16,416$11,384$7,759$5,215$922
32 years$22,219$15,533$10,622$7,131$4,718$779
33 years$21,311$14,710$9,917$6,557$4,270$658
34 years$20,458$13,942$9,266$6,033$3,866$556
35 years$19,656$13,223$8,663$5,554$3,501$469
36 years$18,900$12,551$8,104$5,115$3,172$397
37 years$18,186$11,921$7,586$4,713$2,875$335
38 years$17,512$11,329$7,104$4,344$2,607$283
39 years$16,874$10,773$6,655$4,005$2,364$239
40 years$16,269$10,249$6,238$3,694$2,144$202
41 years$15,695$9,756$5,849$3,409$1,945$171
42 years$15,150$9,292$5,487$3,146$1,765$145
43 years$14,632$8,853$5,149$2,904$1,602$122
44 years$14,139$8,439$4,833$2,681$1,454$103
45 years$13,669$8,047$4,538$2,476$1,320$87
46 years$13,221$7,677$4,262$2,287$1,198$74
47 years$12,793$7,326$4,004$2,113$1,088$62
48 years$12,384$6,994$3,763$1,953$988$53
49 years$11,993$6,678$3,537$1,805$898$45
50 years$11,619$6,379$3,325$1,668$815$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $11,900,000, adding $4,135 every year, while hoping to spend $46,857 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: 51/21/28 Blend
67$11,900,000$11,900,000$11,900,000$11,900,000
68$13,118,065$12,487,365$12,302,915$13,683,369
69$14,406,252$13,049,391$12,665,207$14,639,884
70$15,824,264$13,637,385$13,038,066$15,674,375
71$17,385,293$14,252,571$13,421,795$16,798,383
72$19,103,876$14,896,230$13,816,709$18,020,453
73$20,996,031$15,569,705$14,223,128$19,349,975
74$23,079,408$16,274,402$14,641,385$20,797,275
75$25,373,456$17,011,796$15,071,819$22,373,706
76$27,899,605$17,783,430$15,514,781$24,091,756
77$30,681,469$18,590,923$15,970,631$25,965,156
78$33,745,072$19,435,971$16,439,740$28,009,012
79$37,119,085$20,320,350$16,922,487$30,239,941
80$40,835,107$21,245,921$17,419,265$32,676,225
81$44,927,953$22,214,637$17,930,476$35,337,978
82$49,435,992$23,228,542$18,456,535$38,247,333
83$54,401,500$24,289,777$18,997,865$41,428,646
84$59,871,066$25,400,589$19,554,907$44,908,722
85$65,896,026$26,563,330$20,128,108$48,717,063
86$72,532,953$27,780,465$20,717,932$52,886,140
87$79,844,186$29,054,580$21,324,854$57,451,696
88$87,898,420$30,388,382$21,949,364$62,453,077
89$96,771,355$31,784,708$22,591,964$67,933,599
90$106,546,410$33,246,535$23,253,171$73,940,950
91$117,315,507$34,776,979$23,933,516$80,527,634
92$129,179,946$36,379,308$24,633,546$87,751,460
93$142,251,352$38,056,946$25,353,821$95,676,082
94$156,652,736$39,813,483$26,094,920$104,371,592
95$172,519,652$41,652,679$26,857,436$113,915,173
96$190,001,475$43,578,479$27,641,979$124,391,825
97$209,262,815$45,595,015$28,449,176$135,895,153
98$230,485,071$47,706,619$29,279,671$148,528,247
99$253,868,135$49,917,831$30,134,128$162,404,645
100$279,632,291$52,233,410$31,013,226$177,649,393