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%12.6%
1 years$817,533$810,251$803,146$796,211$789,440$780,871
2 years$404,719$397,182$389,877$382,794$375,924$367,296
3 years$267,133$259,563$252,276$245,260$238,501$230,082
4 years$198,353$190,806$183,592$176,696$170,101$161,956
5 years$157,096$149,594$142,475$135,719$129,308$121,460
6 years$129,600$122,155$115,141$108,536$102,317$94,777
7 years$109,968$102,586$95,683$89,233$83,211$75,981
8 years$95,251$87,935$81,147$74,856$69,032$62,111
9 years$83,810$76,563$69,892$63,760$58,135$51,522
10 years$74,662$67,487$60,933$54,962$49,534$43,223
11 years$67,183$60,079$53,644$47,833$42,601$36,588
12 years$60,955$53,924$47,608$41,956$36,917$31,196
13 years$55,689$48,731$42,535$37,041$32,192$26,756
14 years$51,179$44,296$38,218$32,881$28,219$23,060
15 years$47,274$40,465$34,505$29,324$24,847$19,956
16 years$43,861$37,126$31,284$26,257$21,960$17,330
17 years$40,852$34,191$28,467$23,591$19,471$15,093
18 years$38,180$31,594$25,987$21,261$17,313$13,178
19 years$35,793$29,281$23,790$19,211$15,431$11,530
20 years$33,647$27,210$21,833$17,399$13,783$10,108
21 years$31,708$25,345$20,082$15,791$12,335$8,875
22 years$29,947$23,658$18,509$14,357$11,056$7,803
23 years$28,342$22,127$17,090$13,076$9,925$6,869
24 years$26,873$20,732$15,805$11,926$8,920$6,053
25 years$25,524$19,456$14,639$10,891$8,027$5,339
26 years$24,280$18,285$13,577$9,958$7,231$4,713
27 years$23,131$17,209$12,607$9,115$6,519$4,163
28 years$22,065$16,216$11,720$8,351$5,882$3,680
29 years$21,075$15,297$10,906$7,658$5,311$3,254
30 years$20,152$14,447$10,159$7,029$4,799$2,880
31 years$19,291$13,657$9,471$6,455$4,339$2,549
32 years$18,485$12,922$8,836$5,932$3,925$2,257
33 years$17,729$12,238$8,251$5,455$3,552$1,999
34 years$17,020$11,599$7,709$5,019$3,216$1,772
35 years$16,352$11,001$7,207$4,621$2,913$1,570
36 years$15,723$10,442$6,742$4,255$2,639$1,392
37 years$15,130$9,917$6,311$3,921$2,392$1,234
38 years$14,569$9,425$5,910$3,614$2,169$1,095
39 years$14,038$8,962$5,537$3,332$1,966$971
40 years$13,535$8,527$5,190$3,074$1,784$861
41 years$13,058$8,117$4,866$2,836$1,618$764
42 years$12,604$7,730$4,565$2,617$1,468$678
43 years$12,173$7,365$4,283$2,416$1,333$602
44 years$11,763$7,020$4,021$2,231$1,210$534
45 years$11,372$6,695$3,775$2,060$1,098$474
46 years$10,999$6,386$3,546$1,903$997$421
47 years$10,643$6,095$3,331$1,758$905$374
48 years$10,302$5,818$3,130$1,624$822$332
49 years$9,977$5,556$2,942$1,501$747$294
50 years$9,666$5,307$2,766$1,388$678$261

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 $6,598 every year, while hoping to spend $26,309 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: 47/29/24 Blend
67$9,900,000$9,900,000$9,900,000$9,900,000
68$10,916,606$10,391,906$10,238,456$11,354,537
69$12,002,107$10,873,117$10,553,452$12,143,725
70$13,197,448$11,377,025$10,878,118$12,996,726
71$14,513,803$11,904,715$11,212,751$13,922,114
72$15,963,489$12,457,324$11,557,656$14,926,690
73$17,560,075$13,036,043$11,913,148$16,017,922
74$19,318,515$13,642,122$12,279,550$17,204,015
75$21,255,286$14,276,868$12,657,197$18,493,987
76$23,388,545$14,941,654$13,046,434$19,897,742
77$25,738,301$15,637,920$13,447,614$21,426,172
78$28,326,603$16,367,173$13,861,103$23,091,244
79$31,177,745$17,130,993$14,287,279$24,906,117
80$34,318,501$17,931,038$14,726,529$26,885,258
81$37,778,375$18,769,045$15,179,254$29,044,576
82$41,589,876$19,646,835$15,645,866$31,401,565
83$45,788,830$20,566,318$16,126,790$33,975,468
84$50,414,717$21,529,493$16,622,463$36,787,450
85$55,511,040$22,538,460$17,133,338$39,860,794
86$61,125,740$23,595,418$17,659,878$43,221,113
87$67,311,645$24,702,674$18,202,564$46,896,592
88$74,126,972$25,862,643$18,761,889$50,918,239
89$81,635,872$27,077,862$19,338,361$55,320,181
90$89,909,041$28,350,987$19,932,506$60,139,970
91$99,024,381$29,684,804$20,544,863$65,418,937
92$109,067,742$31,082,233$21,175,990$71,202,575
93$120,133,726$32,546,337$21,826,460$77,540,954
94$132,326,584$34,080,325$22,496,864$84,489,195
95$145,761,199$35,687,565$23,187,813$92,107,975
96$160,564,170$37,371,584$23,899,933$100,464,095
97$176,875,007$39,136,083$24,633,873$109,631,097
98$194,847,448$40,984,941$25,390,297$119,689,955
99$214,650,910$42,922,226$26,169,895$130,729,826
100$236,472,090$44,952,202$26,973,373$142,848,878