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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.7%
1 years$817,533$810,251$803,146$796,211$789,440$761,733
2 years$404,719$397,182$389,877$382,794$375,924$348,300
3 years$267,133$259,563$252,276$245,260$238,501$211,830
4 years$198,353$190,806$183,592$176,696$170,101$144,585
5 years$157,096$149,594$142,475$135,719$129,308$105,014
6 years$129,600$122,155$115,141$108,536$102,317$79,264
7 years$109,968$102,586$95,683$89,233$83,211$61,395
8 years$95,251$87,935$81,147$74,856$69,032$48,434
9 years$83,810$76,563$69,892$63,760$58,135$38,729
10 years$74,662$67,487$60,933$54,962$49,534$31,288
11 years$67,183$60,079$53,644$47,833$42,601$25,477
12 years$60,955$53,924$47,608$41,956$36,917$20,875
13 years$55,689$48,731$42,535$37,041$32,192$17,190
14 years$51,179$44,296$38,218$32,881$28,219$14,211
15 years$47,274$40,465$34,505$29,324$24,847$11,787
16 years$43,861$37,126$31,284$26,257$21,960$9,802
17 years$40,852$34,191$28,467$23,591$19,471$8,170
18 years$38,180$31,594$25,987$21,261$17,313$6,821
19 years$35,793$29,281$23,790$19,211$15,431$5,703
20 years$33,647$27,210$21,833$17,399$13,783$4,775
21 years$31,708$25,345$20,082$15,791$12,335$4,001
22 years$29,947$23,658$18,509$14,357$11,056$3,356
23 years$28,342$22,127$17,090$13,076$9,925$2,817
24 years$26,873$20,732$15,805$11,926$8,920$2,366
25 years$25,524$19,456$14,639$10,891$8,027$1,988
26 years$24,280$18,285$13,577$9,958$7,231$1,671
27 years$23,131$17,209$12,607$9,115$6,519$1,405
28 years$22,065$16,216$11,720$8,351$5,882$1,182
29 years$21,075$15,297$10,906$7,658$5,311$994
30 years$20,152$14,447$10,159$7,029$4,799$837
31 years$19,291$13,657$9,471$6,455$4,339$704
32 years$18,485$12,922$8,836$5,932$3,925$593
33 years$17,729$12,238$8,251$5,455$3,552$499
34 years$17,020$11,599$7,709$5,019$3,216$420
35 years$16,352$11,001$7,207$4,621$2,913$354
36 years$15,723$10,442$6,742$4,255$2,639$298
37 years$15,130$9,917$6,311$3,921$2,392$251
38 years$14,569$9,425$5,910$3,614$2,169$211
39 years$14,038$8,962$5,537$3,332$1,966$178
40 years$13,535$8,527$5,190$3,074$1,784$150
41 years$13,058$8,117$4,866$2,836$1,618$126
42 years$12,604$7,730$4,565$2,617$1,468$106
43 years$12,173$7,365$4,283$2,416$1,333$90
44 years$11,763$7,020$4,021$2,231$1,210$76
45 years$11,372$6,695$3,775$2,060$1,098$64
46 years$10,999$6,386$3,546$1,903$997$54
47 years$10,643$6,095$3,331$1,758$905$45
48 years$10,302$5,818$3,130$1,624$822$38
49 years$9,977$5,556$2,942$1,501$747$32
50 years$9,666$5,307$2,766$1,388$678$27

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 $4,005 every year, while hoping to spend $58,480 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: 60/13/27 Blend
67$9,900,000$9,900,000$9,900,000$9,900,000
68$10,913,931$10,389,231$10,235,781$11,488,998
69$11,964,930$10,836,081$10,516,458$12,328,260
70$13,121,170$11,302,867$10,804,577$13,236,970
71$14,393,326$11,790,503$11,100,326$14,227,301
72$15,793,156$12,299,949$11,403,897$15,307,211
73$17,333,617$12,832,206$11,715,487$16,485,460
74$19,028,986$13,388,324$12,035,297$17,771,688
75$20,894,995$13,969,404$12,363,531$19,176,502
76$22,948,975$14,576,596$12,700,400$20,711,579
77$25,210,026$15,211,104$13,046,119$22,389,772
78$27,699,193$15,874,192$13,400,908$24,225,228
79$30,439,663$16,567,180$13,764,991$26,233,524
80$33,456,989$17,291,452$14,138,598$28,431,807
81$36,779,325$18,048,457$14,521,965$30,838,956
82$40,437,695$18,839,710$14,915,330$33,475,758
83$44,466,286$19,666,802$15,318,939$36,365,103
84$48,902,768$20,531,396$15,733,044$39,532,195
85$53,788,650$21,435,234$16,157,901$43,004,789
86$59,169,672$22,380,140$16,593,770$46,813,452
87$65,096,238$23,368,026$17,040,921$50,991,845
88$71,623,888$24,400,894$17,499,626$55,577,041
89$78,813,825$25,480,838$17,970,164$60,609,872
90$86,733,492$26,610,056$18,452,821$66,135,309
91$95,457,205$27,790,845$18,947,887$72,202,886
92$105,066,859$29,025,616$19,455,661$78,867,164
93$115,652,698$30,316,890$19,976,444$86,188,240
94$127,314,166$31,667,311$20,510,549$94,232,315
95$140,160,849$33,079,647$21,058,290$103,072,312
96$154,313,503$34,556,797$21,619,990$112,788,562
97$169,905,200$36,101,800$22,195,979$123,469,558
98$187,082,579$37,717,836$22,786,593$135,212,786
99$206,007,232$39,408,241$23,392,174$148,125,641
100$226,857,231$41,176,506$24,013,073$162,326,437