Can I retire at age 68 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$867,080$859,357$851,821$844,466$837,285$811,783
2 years$429,248$421,253$413,506$405,993$398,707$373,234
3 years$283,323$275,294$267,565$260,124$252,956$228,310
4 years$210,374$202,370$194,719$187,405$180,410$156,780
5 years$166,617$158,661$151,110$143,945$137,145$114,594
6 years$137,455$129,558$122,119$115,114$108,518$87,067
7 years$116,633$108,803$101,482$94,641$88,254$67,901
8 years$101,023$93,264$86,065$79,392$73,216$53,948
9 years$88,889$81,203$74,127$67,625$61,658$43,455
10 years$79,187$71,577$64,626$58,293$52,536$35,372
11 years$71,255$63,720$56,896$50,732$45,183$29,027
12 years$64,649$57,192$50,493$44,499$39,154$23,974
13 years$59,064$51,685$45,113$39,286$34,143$19,904
14 years$54,281$46,980$40,534$34,874$29,930$16,593
15 years$50,139$42,917$36,597$31,101$26,353$13,880
16 years$46,519$39,376$33,180$27,848$23,290$11,644
17 years$43,328$36,264$30,193$25,021$20,651$9,790
18 years$40,494$33,509$27,562$22,549$18,362$8,247
19 years$37,962$31,056$25,232$20,375$16,366$6,959
20 years$35,686$28,859$23,156$18,453$14,619$5,879
21 years$33,630$26,881$21,299$16,748$13,082$4,973
22 years$31,762$25,092$19,631$15,227$11,726$4,210
23 years$30,060$23,468$18,125$13,868$10,526$3,568
24 years$28,502$21,988$16,763$12,648$9,461$3,025
25 years$27,071$20,635$15,526$11,551$8,514$2,566
26 years$25,752$19,393$14,399$10,562$7,669$2,178
27 years$24,532$18,251$13,371$9,668$6,914$1,850
28 years$23,402$17,198$12,430$8,858$6,239$1,571
29 years$22,352$16,225$11,567$8,123$5,633$1,335
30 years$21,373$15,322$10,775$7,454$5,090$1,134
31 years$20,460$14,485$10,045$6,846$4,602$964
32 years$19,605$13,706$9,372$6,292$4,163$820
33 years$18,804$12,979$8,751$5,786$3,767$697
34 years$18,051$12,301$8,176$5,324$3,411$593
35 years$17,344$11,668$7,644$4,901$3,089$504
36 years$16,676$11,074$7,151$4,513$2,799$429
37 years$16,047$10,518$6,693$4,158$2,537$365
38 years$15,452$9,996$6,268$3,833$2,300$310
39 years$14,889$9,505$5,872$3,534$2,086$264
40 years$14,355$9,043$5,504$3,260$1,892$225
41 years$13,849$8,608$5,161$3,008$1,716$191
42 years$13,368$8,198$4,841$2,776$1,557$163
43 years$12,911$7,811$4,543$2,562$1,413$138
44 years$12,475$7,446$4,264$2,366$1,283$118
45 years$12,061$7,100$4,004$2,185$1,165$100
46 years$11,665$6,773$3,761$2,018$1,057$85
47 years$11,288$6,464$3,533$1,865$960$73
48 years$10,927$6,171$3,320$1,723$872$62
49 years$10,582$5,893$3,121$1,592$792$53
50 years$10,252$5,629$2,934$1,472$719$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $10,500,000, adding $5,720 every year, while hoping to spend $54,918 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: 68/11/21 Blend
67$10,500,000$10,500,000$10,500,000$10,500,000
68$11,576,900$11,020,400$10,857,650$12,302,917
69$12,699,312$11,501,967$11,162,949$13,271,098
70$13,934,369$12,005,291$11,476,635$14,322,910
71$15,293,503$12,531,379$11,798,931$15,472,200
72$16,789,310$13,081,286$12,130,065$16,728,580
73$18,435,669$13,656,119$12,470,272$18,102,628
74$20,247,874$14,257,035$12,819,792$19,605,990
75$22,242,774$14,885,247$13,178,872$21,251,487
76$24,438,937$15,542,024$13,547,764$23,053,232
77$26,856,821$16,228,696$13,926,727$25,026,769
78$29,518,971$16,946,656$14,316,027$27,189,207
79$32,450,227$17,697,363$14,715,934$29,559,390
80$35,677,961$18,482,344$15,126,729$32,158,066
81$39,232,334$19,303,201$15,548,696$35,008,083
82$43,146,584$20,161,609$15,982,129$38,134,605
83$47,457,332$21,059,325$16,427,327$41,565,344
84$52,204,935$21,998,187$16,884,598$45,330,819
85$57,433,863$22,980,123$17,354,256$49,464,646
86$63,193,118$24,007,150$17,836,625$54,003,848
87$69,536,699$25,081,383$18,332,034$58,989,206
88$76,524,108$26,205,036$18,840,823$64,465,638
89$84,220,915$27,380,431$19,363,339$70,482,621
90$92,699,374$28,609,998$19,899,936$77,094,659
91$102,039,105$29,896,283$20,450,979$84,361,789
92$112,327,847$31,241,954$21,016,841$92,350,147
93$123,662,285$32,649,807$21,597,902$101,132,592
94$136,148,961$34,122,770$22,194,554$110,789,384
95$149,905,281$35,663,912$22,807,198$121,408,944
96$165,060,623$37,276,447$23,436,243$133,088,684
97$181,757,558$38,963,745$24,082,108$145,935,919
98$200,153,194$40,729,333$24,745,223$160,068,882
99$220,420,660$42,576,910$25,426,029$175,617,831
100$242,750,740$44,510,352$26,124,974$192,726,277