Can I retire at age 68 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$916,628$908,463$900,497$892,722$885,130$868,680
2 years$453,776$445,325$437,134$429,193$421,490$404,979
3 years$299,512$291,025$282,855$274,988$267,411$251,352
4 years$222,396$213,934$205,846$198,114$190,720$175,238
5 years$176,138$167,727$159,745$152,170$144,982$130,121
6 years$145,309$136,962$129,098$121,692$114,719$100,496
7 years$123,297$115,020$107,281$100,049$93,298$79,715
8 years$106,796$98,593$90,983$83,929$77,399$64,454
9 years$93,968$85,843$78,363$71,489$65,181$52,866
10 years$83,712$75,667$68,319$61,624$55,538$43,841
11 years$75,327$67,362$60,147$53,631$47,764$36,673
12 years$68,343$60,460$53,379$47,042$41,392$30,890
13 years$62,439$54,638$47,690$41,531$36,094$26,165
14 years$57,383$49,665$42,850$36,867$31,640$22,266
15 years$53,004$45,370$38,688$32,879$27,858$19,021
16 years$49,177$41,626$35,076$29,439$24,621$16,300
17 years$45,804$38,336$31,918$26,451$21,831$14,006
18 years$42,808$35,424$29,137$23,838$19,411$12,063
19 years$40,132$32,831$26,673$21,539$17,302$10,409
20 years$37,725$30,508$24,480$19,508$15,454$8,997
21 years$35,551$28,417$22,517$17,705$13,830$7,787
22 years$33,577$26,526$20,752$16,098$12,396$6,748
23 years$31,778$24,809$19,161$14,660$11,128$5,854
24 years$30,131$23,245$17,721$13,371$10,002$5,082
25 years$28,618$21,814$16,413$12,211$9,000$4,416
26 years$27,223$20,502$15,222$11,165$8,107$3,840
27 years$25,934$19,294$14,135$10,220$7,309$3,341
28 years$24,739$18,181$13,141$9,364$6,595$2,908
29 years$23,629$17,152$12,228$8,587$5,955$2,532
30 years$22,595$16,198$11,390$7,880$5,381$2,206
31 years$21,629$15,312$10,619$7,238$4,865$1,922
32 years$20,726$14,489$9,908$6,652$4,401$1,676
33 years$19,878$13,721$9,251$6,117$3,983$1,461
34 years$19,083$13,004$8,643$5,628$3,606$1,274
35 years$18,335$12,334$8,081$5,181$3,266$1,111
36 years$17,629$11,707$7,560$4,771$2,959$970
37 years$16,964$11,119$7,076$4,396$2,682$846
38 years$16,335$10,567$6,626$4,052$2,431$738
39 years$15,740$10,048$6,208$3,736$2,205$644
40 years$15,175$9,560$5,819$3,446$2,000$562
41 years$14,640$9,100$5,456$3,179$1,814$491
42 years$14,132$8,667$5,118$2,934$1,646$428
43 years$13,649$8,258$4,802$2,709$1,494$374
44 years$13,188$7,871$4,508$2,501$1,356$327
45 years$12,750$7,506$4,233$2,310$1,231$285
46 years$12,332$7,161$3,976$2,134$1,118$249
47 years$11,933$6,833$3,735$1,971$1,015$217
48 years$11,551$6,523$3,510$1,821$922$190
49 years$11,186$6,229$3,299$1,683$837$166
50 years$10,837$5,951$3,102$1,556$760$145

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $11,100,000, adding $3,179 every year, while hoping to spend $57,319 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: 66/9/25 Blend
67$11,100,000$11,100,000$11,100,000$11,100,000
68$12,235,479$11,647,179$11,475,129$12,963,343
69$13,422,511$12,156,904$11,798,559$13,963,532
70$14,728,699$12,689,684$12,130,903$15,049,872
71$16,166,137$13,246,589$12,472,398$16,236,319
72$17,748,149$13,828,738$12,823,290$17,532,734
73$19,489,418$14,437,304$13,183,828$18,949,972
74$21,406,122$15,073,515$13,554,269$20,499,980
75$23,516,086$15,738,657$13,934,877$22,195,915
76$25,838,952$16,434,077$14,325,921$24,052,258
77$28,396,365$17,161,186$14,727,678$26,084,956
78$31,212,170$17,921,461$15,140,432$28,311,568
79$34,312,649$18,716,449$15,564,474$30,751,429
80$37,726,757$19,547,773$16,000,101$33,425,828
81$41,486,401$20,417,129$16,447,620$36,358,212
82$45,626,742$21,326,297$16,907,344$39,574,404
83$50,186,523$22,277,138$17,379,593$43,102,840
84$55,208,436$23,271,605$17,864,696$46,974,842
85$60,739,525$24,311,742$18,362,992$51,224,905
86$66,831,629$25,399,691$18,874,825$55,891,025
87$73,541,873$26,537,694$19,400,550$61,015,054
88$80,933,205$27,728,102$19,940,529$66,643,090
89$89,074,990$28,973,376$20,495,135$72,825,913
90$98,043,665$30,276,097$21,064,747$79,619,459
91$107,923,459$31,638,967$21,649,757$87,085,347
92$118,807,192$33,064,816$22,250,564$95,291,456
93$130,797,145$34,556,612$22,867,578$104,312,564
94$144,006,030$36,117,462$23,501,217$114,231,050
95$158,558,049$37,750,622$24,151,912$125,137,669
96$174,590,072$39,459,504$24,820,103$137,132,403
97$192,252,922$41,247,682$25,506,240$150,325,406
98$211,712,805$43,118,904$26,210,784$164,838,033
99$233,152,874$45,077,093$26,934,208$180,803,990
100$256,774,959$47,126,362$27,676,995$198,370,584