Can I retire at age 68 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$933,143$924,831$916,722$908,807$901,078$875,039
2 years$461,952$453,349$445,011$436,926$429,085$403,058
3 years$304,909$296,268$287,951$279,943$272,229$247,030
4 years$226,403$217,789$209,555$201,683$194,156$169,978
5 years$179,311$170,749$162,623$154,912$147,594$124,503
6 years$147,927$139,429$131,424$123,884$116,786$94,803
7 years$125,519$117,093$109,214$101,852$94,979$74,103
8 years$108,720$100,370$92,622$85,441$78,794$59,014
9 years$95,662$87,390$79,775$72,777$66,356$47,652
10 years$85,221$77,030$69,550$62,734$56,538$38,885
11 years$76,684$68,575$61,231$54,598$48,625$31,992
12 years$69,575$61,550$54,341$47,890$42,137$26,493
13 years$63,564$55,623$48,550$42,279$36,745$22,054
14 years$58,417$50,560$43,622$37,531$32,210$18,437
15 years$53,959$46,187$39,385$33,471$28,360$15,466
16 years$50,063$42,376$35,708$29,970$25,065$13,011
17 years$46,629$39,027$32,493$26,927$22,224$10,972
18 years$43,580$36,062$29,662$24,267$19,761$9,271
19 years$40,855$33,422$27,154$21,927$17,613$7,846
20 years$38,405$31,057$24,921$19,859$15,732$6,649
21 years$36,192$28,929$22,922$18,024$14,079$5,642
22 years$34,182$27,004$21,126$16,388$12,620$4,791
23 years$32,350$25,256$19,506$14,925$11,328$4,073
24 years$30,673$23,664$18,040$13,612$10,182$3,464
25 years$29,133$22,207$16,709$12,431$9,162$2,948
26 years$27,714$20,871$15,497$11,367$8,253$2,511
27 years$26,402$19,642$14,390$10,404$7,441$2,139
28 years$25,185$18,509$13,377$9,532$6,714$1,823
29 years$24,055$17,461$12,449$8,741$6,063$1,554
30 years$23,002$16,490$11,596$8,022$5,478$1,325
31 years$22,019$15,588$10,810$7,368$4,953$1,130
32 years$21,099$14,750$10,086$6,771$4,480$964
33 years$20,237$13,968$9,417$6,227$4,054$822
34 years$19,427$13,239$8,799$5,729$3,671$702
35 years$18,665$12,557$8,227$5,274$3,325$599
36 years$17,947$11,918$7,696$4,857$3,012$511
37 years$17,269$11,320$7,203$4,475$2,730$436
38 years$16,629$10,758$6,745$4,125$2,475$372
39 years$16,023$10,229$6,320$3,803$2,245$318
40 years$15,449$9,732$5,923$3,508$2,036$271
41 years$14,904$9,264$5,554$3,237$1,847$232
42 years$14,387$8,823$5,210$2,987$1,676$198
43 years$13,894$8,407$4,889$2,757$1,521$169
44 years$13,426$8,013$4,589$2,546$1,381$144
45 years$12,980$7,641$4,309$2,351$1,253$123
46 years$12,554$7,290$4,047$2,172$1,138$105
47 years$12,148$6,956$3,802$2,007$1,033$90
48 years$11,759$6,641$3,573$1,854$938$77
49 years$11,388$6,342$3,358$1,714$852$65
50 years$11,033$6,058$3,157$1,584$774$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $11,300,000, adding $2,460 every year, while hoping to spend $50,186 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: 69/14/17 Blend
67$11,300,000$11,300,000$11,300,000$11,300,000
68$12,455,137$11,856,237$11,681,087$13,263,943
69$13,672,164$12,383,796$12,019,006$14,330,832
70$15,011,645$12,935,522$12,366,564$15,491,577
71$16,486,018$13,512,548$12,724,029$16,760,352
72$18,108,988$14,116,059$13,091,680$18,147,800
73$19,895,655$14,747,295$13,469,801$19,665,636
74$21,862,657$15,407,558$13,858,685$21,326,754
75$24,028,330$16,098,210$14,258,632$23,145,349
76$26,412,874$16,820,678$14,669,952$25,137,046
77$29,038,553$17,576,457$15,092,960$27,319,047
78$31,929,896$18,367,113$15,527,984$29,710,292
79$35,113,931$19,194,288$15,975,358$32,331,633
80$38,620,445$20,059,700$16,435,425$35,206,032
81$42,482,257$20,965,152$16,908,539$38,358,772
82$46,735,533$21,912,531$17,395,061$41,817,692
83$51,420,127$22,903,814$17,895,365$45,613,453
84$56,579,952$23,941,074$18,409,832$49,779,817
85$62,263,401$25,026,480$18,938,855$54,353,970
86$68,523,800$26,162,309$19,482,839$59,376,864
87$75,419,909$27,350,944$20,042,195$64,893,603
88$83,016,482$28,594,882$20,617,351$70,953,865
89$91,384,873$29,896,742$21,208,742$77,612,370
90$100,603,712$31,259,264$21,816,817$84,929,386
91$110,759,647$32,685,324$22,442,037$92,971,302
92$121,948,159$34,177,934$23,084,873$101,811,247
93$134,274,467$35,740,248$23,745,812$111,529,775
94$147,854,518$37,375,576$24,425,352$122,215,624
95$162,816,082$39,087,381$25,124,004$133,966,546
96$179,299,957$40,879,299$25,842,294$146,890,229
97$197,461,303$42,755,134$26,580,760$161,105,304
98$217,471,097$44,718,876$27,339,957$176,742,466
99$239,517,755$46,774,708$28,120,452$193,945,696
100$263,808,907$48,927,010$28,922,828$212,873,617