Can I retire at age 68 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$850,564$842,988$835,596$828,381$821,336$798,567
2 years$421,071$413,229$405,629$398,260$391,113$368,343
3 years$277,926$270,050$262,469$255,169$248,138$226,081
4 years$206,367$198,515$191,010$183,835$176,974$155,799
5 years$163,443$155,638$148,232$141,203$134,533$114,297
6 years$134,836$127,090$119,793$112,921$106,451$87,175
7 years$114,411$106,730$99,549$92,839$86,573$68,257
8 years$99,099$91,488$84,425$77,880$71,821$54,454
9 years$87,196$79,656$72,715$66,337$60,484$44,050
10 years$77,679$70,213$63,395$57,183$51,535$36,013
11 years$69,898$62,507$55,812$49,766$44,322$29,687
12 years$63,418$56,103$49,532$43,652$38,408$24,633
13 years$57,939$50,700$44,253$38,538$33,493$20,547
14 years$53,247$46,085$39,762$34,210$29,360$17,213
15 years$49,184$42,100$35,900$30,509$25,851$14,470
16 years$45,633$38,626$32,548$27,317$22,847$12,199
17 years$42,503$35,573$29,618$24,544$20,258$10,310
18 years$39,723$32,871$27,037$22,120$18,012$8,730
19 years$37,239$30,464$24,751$19,987$16,055$7,405
20 years$35,006$28,309$22,715$18,102$14,340$6,290
21 years$32,989$26,369$20,894$16,429$12,833$5,349
22 years$31,157$24,614$19,257$14,937$11,503$4,554
23 years$29,487$23,021$17,780$13,604$10,326$3,880
24 years$27,959$21,569$16,444$12,407$9,281$3,308
25 years$26,555$20,242$15,230$11,331$8,351$2,822
26 years$25,261$19,024$14,125$10,361$7,523$2,409
27 years$24,065$17,904$13,116$9,483$6,782$2,057
28 years$22,956$16,871$12,193$8,689$6,120$1,757
29 years$21,926$15,916$11,347$7,968$5,526$1,502
30 years$20,966$15,031$10,569$7,312$4,993$1,284
31 years$20,070$14,209$9,854$6,716$4,514$1,098
32 years$19,232$13,444$9,194$6,172$4,083$939
33 years$18,446$12,732$8,584$5,676$3,696$803
34 years$17,708$12,067$8,020$5,222$3,346$687
35 years$17,013$11,446$7,499$4,807$3,030$588
36 years$16,359$10,863$7,015$4,427$2,746$503
37 years$15,741$10,318$6,566$4,079$2,489$430
38 years$15,158$9,806$6,148$3,760$2,256$368
39 years$14,605$9,324$5,760$3,467$2,046$315
40 years$14,082$8,871$5,399$3,198$1,856$270
41 years$13,585$8,445$5,063$2,950$1,684$231
42 years$13,113$8,042$4,749$2,723$1,528$198
43 years$12,665$7,663$4,456$2,513$1,386$169
44 years$12,238$7,304$4,183$2,321$1,258$145
45 years$11,831$6,965$3,928$2,143$1,142$124
46 years$11,443$6,644$3,689$1,980$1,037$106
47 years$11,073$6,341$3,466$1,829$942$91
48 years$10,719$6,053$3,257$1,690$855$78
49 years$10,380$5,780$3,061$1,562$777$67
50 years$10,056$5,522$2,878$1,444$706$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $10,300,000, adding $4,410 every year, while hoping to spend $31,813 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: 59/25/16 Blend
67$10,300,000$10,300,000$10,300,000$10,300,000
68$11,355,149$10,809,249$10,649,599$11,978,280
69$12,479,525$11,305,053$10,972,512$12,895,736
70$13,717,522$11,824,086$11,305,176$13,891,865
71$15,080,694$12,367,451$11,647,884$14,977,426
72$16,581,776$12,936,307$12,000,939$16,161,051
73$18,234,797$13,531,867$12,364,651$17,452,232
74$20,055,220$14,155,401$12,739,340$18,861,409
75$22,060,081$14,808,244$13,125,337$20,400,063
76$24,268,153$15,491,793$13,522,979$22,080,822
77$26,700,124$16,207,510$13,932,618$23,917,578
78$29,378,790$16,956,930$14,354,614$25,925,616
79$32,329,269$17,741,663$14,789,337$28,121,751
80$35,579,244$18,563,394$15,237,169$30,524,485
81$39,159,216$19,423,890$15,698,504$33,154,179
82$43,102,799$20,325,003$16,173,746$36,033,241
83$47,447,031$21,268,675$16,663,313$39,186,331
84$52,232,730$22,256,941$17,167,635$42,640,592
85$57,504,871$23,291,934$17,687,154$46,425,899
86$63,313,020$24,375,891$18,222,325$50,575,141
87$69,711,793$25,511,155$18,773,619$55,124,521
88$76,761,378$26,700,183$19,341,517$60,113,895
89$84,528,098$27,945,552$19,926,517$65,587,145
90$93,085,041$29,249,961$20,529,133$71,592,582
91$102,512,748$30,616,241$21,149,891$78,183,403
92$112,899,971$32,047,360$21,789,335$85,418,181
93$124,344,515$33,546,427$22,448,025$93,361,415
94$136,954,157$35,116,705$23,126,536$102,084,131
95$150,847,669$36,761,610$23,825,462$111,664,545
96$166,155,930$38,484,728$24,545,414$122,188,795
97$183,023,170$40,289,815$25,287,021$133,751,746
98$201,608,328$42,180,811$26,050,931$146,457,875
99$222,086,552$44,161,845$26,837,811$160,422,255
100$244,650,850$46,237,245$27,648,348$175,771,625