Can I retire at age 68 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$817,533$810,251$803,146$796,211$789,440$782,499
2 years$404,719$397,182$389,877$382,794$375,924$368,929
3 years$267,133$259,563$252,276$245,260$238,501$231,670
4 years$198,353$190,806$183,592$176,696$170,101$163,486
5 years$157,096$149,594$142,475$135,719$129,308$122,928
6 years$129,600$122,155$115,141$108,536$102,317$96,181
7 years$109,968$102,586$95,683$89,233$83,211$77,321
8 years$95,251$87,935$81,147$74,856$69,032$63,388
9 years$83,810$76,563$69,892$63,760$58,135$52,735
10 years$74,662$67,487$60,933$54,962$49,534$44,375
11 years$67,183$60,079$53,644$47,833$42,601$37,679
12 years$60,955$53,924$47,608$41,956$36,917$32,228
13 years$55,689$48,731$42,535$37,041$32,192$27,730
14 years$51,179$44,296$38,218$32,881$28,219$23,979
15 years$47,274$40,465$34,505$29,324$24,847$20,822
16 years$43,861$37,126$31,284$26,257$21,960$18,143
17 years$40,852$34,191$28,467$23,591$19,471$15,857
18 years$38,180$31,594$25,987$21,261$17,313$13,894
19 years$35,793$29,281$23,790$19,211$15,431$12,201
20 years$33,647$27,210$21,833$17,399$13,783$10,735
21 years$31,708$25,345$20,082$15,791$12,335$9,460
22 years$29,947$23,658$18,509$14,357$11,056$8,349
23 years$28,342$22,127$17,090$13,076$9,925$7,378
24 years$26,873$20,732$15,805$11,926$8,920$6,527
25 years$25,524$19,456$14,639$10,891$8,027$5,779
26 years$24,280$18,285$13,577$9,958$7,231$5,122
27 years$23,131$17,209$12,607$9,115$6,519$4,542
28 years$22,065$16,216$11,720$8,351$5,882$4,031
29 years$21,075$15,297$10,906$7,658$5,311$3,579
30 years$20,152$14,447$10,159$7,029$4,799$3,180
31 years$19,291$13,657$9,471$6,455$4,339$2,827
32 years$18,485$12,922$8,836$5,932$3,925$2,513
33 years$17,729$12,238$8,251$5,455$3,552$2,236
34 years$17,020$11,599$7,709$5,019$3,216$1,989
35 years$16,352$11,001$7,207$4,621$2,913$1,771
36 years$15,723$10,442$6,742$4,255$2,639$1,576
37 years$15,130$9,917$6,311$3,921$2,392$1,404
38 years$14,569$9,425$5,910$3,614$2,169$1,250
39 years$14,038$8,962$5,537$3,332$1,966$1,114
40 years$13,535$8,527$5,190$3,074$1,784$992
41 years$13,058$8,117$4,866$2,836$1,618$884
42 years$12,604$7,730$4,565$2,617$1,468$788
43 years$12,173$7,365$4,283$2,416$1,333$702
44 years$11,763$7,020$4,021$2,231$1,210$626
45 years$11,372$6,695$3,775$2,060$1,098$558
46 years$10,999$6,386$3,546$1,903$997$497
47 years$10,643$6,095$3,331$1,758$905$443
48 years$10,302$5,818$3,130$1,624$822$395
49 years$9,977$5,556$2,942$1,501$747$353
50 years$9,666$5,307$2,766$1,388$678$314

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $9,900,000, adding $5,009 every year, while hoping to spend $52,463 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: 88/7/5 Blend
67$9,900,000$9,900,000$9,900,000$9,900,000
68$10,914,967$10,390,267$10,236,817$11,876,353
69$11,972,473$10,843,570$10,523,930$12,955,788
70$13,136,087$11,317,326$10,818,903$14,134,412
71$14,416,575$11,812,483$11,121,944$15,428,370
72$15,825,803$12,330,031$11,433,266$16,849,251
73$17,376,842$12,871,010$11,753,087$18,409,820
74$19,084,096$13,436,506$12,081,632$20,124,138
75$20,963,437$14,027,658$12,419,130$22,007,691
76$23,032,353$14,645,658$12,765,816$24,077,538
77$25,310,114$15,291,756$13,121,932$26,352,472
78$27,817,953$15,967,259$13,487,724$28,853,192
79$30,579,266$16,673,537$13,863,445$31,602,502
80$33,619,836$17,412,026$14,249,355$34,625,521
81$36,968,071$18,184,227$14,645,720$37,949,925
82$40,655,275$18,991,714$15,052,812$41,606,200
83$44,715,942$19,836,137$15,470,911$45,627,934
84$49,188,083$20,719,223$15,900,301$50,052,128
85$54,113,582$21,642,779$16,341,276$54,919,550
86$59,538,594$22,608,702$16,794,135$60,275,113
87$65,513,979$23,618,976$17,259,186$66,168,300
88$72,095,779$24,675,681$17,736,744$72,653,630
89$79,345,754$25,780,994$18,227,130$79,791,170
90$87,331,956$26,937,199$18,730,674$87,647,101
91$96,129,379$28,146,684$19,247,715$96,294,340
92$105,820,660$29,411,956$19,778,597$105,813,228
93$116,496,863$30,735,638$20,323,676$116,292,289
94$128,258,337$32,120,479$20,883,314$127,829,055
95$141,215,664$33,569,359$21,457,882$140,530,997
96$155,490,700$35,085,295$22,047,759$154,516,527
97$171,217,728$36,671,451$22,653,335$169,916,119
98$188,544,722$38,331,138$23,275,007$186,873,537
99$207,634,747$40,067,827$23,913,183$205,547,193
100$228,667,496$41,885,155$24,568,280$226,111,633