Can I retire at age 68 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$908,370$900,278$892,384$884,679$877,155$842,686
2 years$449,688$441,313$433,196$425,327$417,693$383,388
3 years$296,814$288,403$280,307$272,511$265,002$231,940
4 years$220,392$212,007$203,991$196,329$189,001$157,436
5 years$174,551$166,216$158,306$150,799$143,676$113,686
6 years$144,000$135,728$127,935$120,595$113,686$85,292
7 years$122,187$113,984$106,314$99,148$92,457$65,649
8 years$105,834$97,705$90,163$83,173$76,702$51,453
9 years$93,122$85,070$77,657$70,845$64,594$40,866
10 years$82,958$74,985$67,703$61,069$55,037$32,785
11 years$74,648$66,755$59,605$53,148$47,334$26,505
12 years$67,728$59,915$52,898$46,618$41,019$21,559
13 years$61,877$54,146$47,261$41,157$35,769$17,619
14 years$56,866$49,217$42,464$36,534$31,355$14,455
15 years$52,527$44,961$38,339$32,582$27,607$11,896
16 years$48,734$41,251$34,760$29,174$24,400$9,814
17 years$45,391$37,990$31,630$26,213$21,634$8,113
18 years$42,423$35,105$28,874$23,623$19,236$6,718
19 years$39,770$32,535$26,433$21,345$17,146$5,571
20 years$37,386$30,233$24,259$19,332$15,315$4,625
21 years$35,231$28,161$22,314$17,545$13,705$3,843
22 years$33,275$26,287$20,566$15,953$12,285$3,195
23 years$31,491$24,586$18,989$14,528$11,027$2,659
24 years$29,859$23,035$17,561$13,251$9,912$2,214
25 years$28,360$21,617$16,265$12,101$8,919$1,844
26 years$26,978$20,317$15,085$11,065$8,034$1,536
27 years$25,701$19,121$14,008$10,128$7,243$1,280
28 years$24,517$18,017$13,022$9,279$6,536$1,067
29 years$23,416$16,997$12,118$8,509$5,902$890
30 years$22,391$16,052$11,288$7,809$5,332$742
31 years$21,434$15,175$10,523$7,172$4,821$619
32 years$20,539$14,358$9,818$6,592$4,361$516
33 years$19,699$13,597$9,167$6,061$3,947$431
34 years$18,911$12,887$8,565$5,577$3,573$360
35 years$18,169$12,223$8,008$5,134$3,236$300
36 years$17,471$11,602$7,491$4,728$2,932$250
37 years$16,811$11,019$7,012$4,357$2,658$209
38 years$16,188$10,472$6,566$4,016$2,409$174
39 years$15,598$9,958$6,152$3,702$2,185$146
40 years$15,039$9,474$5,766$3,415$1,982$121
41 years$14,508$9,018$5,407$3,151$1,798$101
42 years$14,005$8,589$5,072$2,908$1,632$85
43 years$13,526$8,183$4,759$2,684$1,481$71
44 years$13,070$7,801$4,467$2,478$1,344$59
45 years$12,635$7,439$4,195$2,289$1,220$49
46 years$12,221$7,096$3,940$2,114$1,108$41
47 years$11,825$6,772$3,701$1,953$1,006$34
48 years$11,447$6,465$3,478$1,805$914$29
49 years$11,086$6,173$3,269$1,668$830$24
50 years$10,740$5,897$3,074$1,542$754$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $11,000,000, adding $3,711 every year, while hoping to spend $21,629 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: 61/15/24 Blend
67$11,000,000$11,000,000$11,000,000$11,000,000
68$12,125,828$11,542,828$11,372,328$12,787,983
69$13,339,649$12,085,413$11,730,288$13,780,185
70$14,676,555$12,653,861$12,099,514$14,859,965
71$16,149,078$13,249,414$12,480,362$16,038,058
72$17,771,027$13,873,378$12,873,198$17,324,044
73$19,557,619$14,527,121$13,278,397$18,728,461
74$21,525,623$15,212,077$13,696,350$20,262,903
75$23,693,517$15,929,749$14,127,458$21,940,128
76$26,081,663$16,681,713$14,572,135$23,774,174
77$28,712,499$17,469,624$15,030,808$25,780,492
78$31,610,751$18,295,213$15,503,917$27,976,083
79$34,803,667$19,160,297$15,991,917$30,379,664
80$38,321,271$20,066,782$16,495,277$33,011,834
81$42,196,651$21,016,665$17,014,479$35,895,268
82$46,466,269$22,012,041$17,550,024$39,054,931
83$51,170,303$23,055,105$18,102,423$42,518,304
84$56,353,029$24,148,160$18,672,210$46,315,645
85$62,063,238$25,293,621$19,259,930$50,480,268
86$68,354,699$26,494,018$19,866,147$55,048,855
87$75,286,660$27,752,007$20,491,445$60,061,796
88$82,924,414$29,070,371$21,136,424$65,563,571
89$91,339,913$30,452,027$21,801,702$71,603,158
90$100,612,444$31,900,037$22,487,920$78,234,497
91$110,829,384$33,417,609$23,195,735$85,516,993
92$122,087,017$35,008,107$23,925,828$93,516,067
93$134,491,449$36,675,061$24,678,899$102,303,776
94$148,159,607$38,422,169$25,455,673$111,959,483
95$163,220,343$40,253,312$26,256,894$122,570,598
96$179,815,651$42,172,557$27,083,333$134,233,405
97$198,102,005$44,184,170$27,935,783$147,053,957
98$218,251,840$46,292,625$28,815,062$161,149,075
99$240,455,177$48,502,612$29,722,015$176,647,442
100$264,921,415$50,819,051$30,657,513$193,690,812