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%19.9%
1 years$982,691$973,938$965,398$957,062$948,923$911,273
2 years$486,481$477,420$468,640$460,126$451,868$414,403
3 years$321,099$311,999$303,241$294,807$286,684$250,584
4 years$238,424$229,353$220,682$212,392$204,465$170,005
5 years$188,832$179,815$171,258$163,137$155,431$122,698
6 years$155,782$146,833$138,402$130,462$122,987$92,002
7 years$132,184$123,310$115,013$107,260$100,022$70,773
8 years$114,493$105,699$97,540$89,978$82,978$55,436
9 years$100,741$92,030$84,011$76,641$69,879$44,002
10 years$89,746$81,120$73,243$66,065$59,541$35,279
11 years$80,756$72,217$64,482$57,497$51,207$28,503
12 years$73,269$64,818$57,226$50,432$44,375$23,168
13 years$66,939$58,576$51,128$44,524$38,696$18,921
14 years$61,518$53,244$45,938$39,524$33,920$15,512
15 years$56,825$48,640$41,476$35,248$29,866$12,757
16 years$52,721$44,626$37,604$31,561$26,396$10,517
17 years$49,105$41,099$34,218$28,357$23,404$8,688
18 years$45,894$37,977$31,237$25,556$20,810$7,189
19 years$43,024$35,197$28,596$23,092$18,548$5,956
20 years$40,444$32,707$26,244$20,914$16,568$4,941
21 years$38,113$30,465$24,139$18,981$14,826$4,102
22 years$35,997$28,438$22,248$17,258$13,290$3,409
23 years$34,068$26,597$20,542$15,717$11,930$2,834
24 years$32,302$24,920$18,998$14,335$10,723$2,357
25 years$30,680$23,386$17,596$13,091$9,649$1,962
26 years$29,185$21,979$16,319$11,970$8,691$1,633
27 years$27,803$20,685$15,154$10,957$7,836$1,360
28 years$26,523$19,491$14,088$10,039$7,070$1,133
29 years$25,332$18,388$13,110$9,206$6,384$944
30 years$24,223$17,365$12,211$8,448$5,769$787
31 years$23,188$16,416$11,384$7,759$5,215$656
32 years$22,219$15,533$10,622$7,131$4,718$547
33 years$21,311$14,710$9,917$6,557$4,270$456
34 years$20,458$13,942$9,266$6,033$3,866$380
35 years$19,656$13,223$8,663$5,554$3,501$317
36 years$18,900$12,551$8,104$5,115$3,172$264
37 years$18,186$11,921$7,586$4,713$2,875$220
38 years$17,512$11,329$7,104$4,344$2,607$184
39 years$16,874$10,773$6,655$4,005$2,364$153
40 years$16,269$10,249$6,238$3,694$2,144$128
41 years$15,695$9,756$5,849$3,409$1,945$106
42 years$15,150$9,292$5,487$3,146$1,765$89
43 years$14,632$8,853$5,149$2,904$1,602$74
44 years$14,139$8,439$4,833$2,681$1,454$62
45 years$13,669$8,047$4,538$2,476$1,320$51
46 years$13,221$7,677$4,262$2,287$1,198$43
47 years$12,793$7,326$4,004$2,113$1,088$36
48 years$12,384$6,994$3,763$1,953$988$30
49 years$11,993$6,678$3,537$1,805$898$25
50 years$11,619$6,379$3,325$1,668$815$21

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 $5,418 every year, while hoping to spend $53,610 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: 71/7/22 Blend
67$11,900,000$11,900,000$11,900,000$11,900,000
68$13,119,389$12,488,689$12,304,239$13,979,066
69$14,400,526$13,043,594$12,659,390$15,108,163
70$15,810,542$13,623,892$13,024,642$16,337,196
71$17,362,526$14,230,772$13,400,277$17,681,625
72$19,070,902$14,865,478$13,786,584$19,152,892
73$20,951,559$15,529,312$14,183,860$20,763,594
74$23,022,009$16,223,639$14,592,410$22,527,602
75$25,301,548$16,949,891$15,012,549$24,460,188
76$27,811,434$17,709,564$15,444,599$26,578,172
77$30,575,097$18,504,230$15,888,889$28,900,074
78$33,618,351$19,335,531$16,345,761$31,446,289
79$36,969,641$20,205,190$16,815,562$34,239,281
80$40,660,313$21,115,013$17,298,652$37,303,789
81$44,724,906$22,066,889$17,795,398$40,667,059
82$49,201,480$23,062,801$18,306,178$44,359,103
83$54,131,976$24,104,823$18,831,380$48,412,977
84$59,562,609$25,195,131$19,371,402$52,865,090
85$65,544,306$26,336,003$19,926,655$57,755,549
86$72,133,184$27,529,826$20,497,557$63,128,533
87$79,391,083$28,779,102$21,084,540$69,032,709
88$87,386,149$30,086,453$21,688,046$75,521,687
89$96,193,472$31,454,625$22,308,532$82,654,527
90$105,895,801$32,886,496$22,946,462$90,496,290
91$116,584,321$34,385,083$23,602,317$99,118,651
92$128,359,515$35,953,546$24,276,589$108,600,576
93$141,332,112$37,595,197$24,969,781$119,029,058
94$155,624,132$39,313,506$25,682,413$130,499,942
95$171,370,037$41,112,111$26,415,017$143,118,821
96$188,718,000$42,994,823$27,168,139$157,002,034
97$207,831,303$44,965,637$27,942,340$172,277,757
98$228,889,882$47,028,739$28,738,194$189,087,214
99$252,092,019$49,188,516$29,556,292$207,586,001
100$277,656,218$51,449,567$30,397,241$227,945,556