Can I retire at age 68 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$974,433$965,753$957,285$949,019$940,949$928,037
2 years$482,393$473,408$464,701$456,259$448,071$435,085
3 years$318,401$309,378$300,693$292,330$284,274$271,619
4 years$236,421$227,425$218,827$210,607$202,747$190,519
5 years$187,245$178,304$169,819$161,766$154,125$142,360
6 years$154,473$145,599$137,239$129,366$121,954$110,665
7 years$131,073$122,274$114,046$106,359$99,181$88,373
8 years$113,531$104,811$96,720$89,222$82,280$71,952
9 years$99,894$91,257$83,305$75,997$69,292$59,438
10 years$88,992$80,438$72,627$65,510$59,040$49,654
11 years$80,077$71,610$63,940$57,014$50,777$41,849
12 years$72,653$64,273$56,745$50,009$44,002$35,523
13 years$66,377$58,084$50,698$44,150$38,370$30,328
14 years$61,001$52,797$45,552$39,192$33,635$26,018
15 years$56,347$48,231$41,128$34,952$29,615$22,409
16 years$52,278$44,251$37,288$31,296$26,174$19,366
17 years$48,692$40,753$33,931$28,119$23,208$16,783
18 years$45,508$37,658$30,974$25,341$20,635$14,580
19 years$42,662$34,901$28,356$22,898$18,393$12,693
20 years$40,104$32,432$26,023$20,738$16,429$11,069
21 years$37,793$30,209$23,936$18,821$14,702$9,668
22 years$35,695$28,199$22,061$17,113$13,178$8,455
23 years$33,782$26,374$20,370$15,585$11,829$7,403
24 years$32,031$24,711$18,838$14,214$10,633$6,489
25 years$30,422$23,190$17,448$12,981$9,568$5,692
26 years$28,940$21,795$16,182$11,870$8,618$4,997
27 years$27,570$20,511$15,027$10,864$7,770$4,389
28 years$26,300$19,328$13,969$9,954$7,011$3,858
29 years$25,119$18,233$13,000$9,128$6,331$3,393
30 years$24,020$17,219$12,109$8,377$5,720$2,985
31 years$22,993$16,278$11,289$7,694$5,172$2,627
32 years$22,033$15,402$10,532$7,071$4,678$2,313
33 years$21,132$14,586$9,834$6,502$4,234$2,037
34 years$20,286$13,825$9,188$5,983$3,833$1,794
35 years$19,491$13,112$8,591$5,507$3,472$1,581
36 years$18,741$12,446$8,036$5,072$3,146$1,393
37 years$18,034$11,820$7,522$4,673$2,851$1,228
38 years$17,365$11,234$7,044$4,308$2,585$1,083
39 years$16,732$10,682$6,599$3,972$2,344$955
40 years$16,132$10,163$6,186$3,663$2,126$842
41 years$15,564$9,674$5,800$3,380$1,929$742
42 years$15,023$9,213$5,441$3,119$1,750$655
43 years$14,509$8,779$5,105$2,879$1,588$578
44 years$14,020$8,368$4,792$2,659$1,442$509
45 years$13,554$7,979$4,500$2,455$1,309$449
46 years$13,109$7,612$4,226$2,268$1,188$396
47 years$12,685$7,264$3,971$2,095$1,079$350
48 years$12,280$6,935$3,731$1,936$980$309
49 years$11,892$6,622$3,507$1,789$890$272
50 years$11,521$6,326$3,297$1,654$808$240

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $11,800,000, adding $3,664 every year, while hoping to spend $36,092 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: 25/45/30 Blend
67$11,800,000$11,800,000$11,800,000$11,800,000
68$13,007,379$12,381,979$12,199,079$13,210,553
69$14,295,731$12,950,295$12,569,347$13,950,998
70$15,714,284$13,545,248$12,950,809$14,740,999
71$17,276,282$14,168,106$13,343,802$15,587,269
72$18,996,316$14,820,197$13,748,673$16,494,563
73$20,890,467$15,502,913$14,165,780$17,468,078
74$22,976,451$16,217,713$14,595,491$18,513,499
75$25,273,794$16,966,125$15,038,184$19,637,043
76$27,804,008$17,749,753$15,494,250$20,845,516
77$30,590,801$18,570,275$15,964,092$22,146,366
78$33,660,297$19,429,452$16,448,123$23,547,750
79$37,041,282$20,329,130$16,946,770$25,058,602
80$40,765,479$21,271,243$17,460,473$26,688,710
81$44,867,841$22,257,818$17,989,682$28,448,804
82$49,386,890$23,290,980$18,534,866$30,350,641
83$54,365,071$24,372,957$19,096,502$32,407,117
84$59,849,160$25,506,083$19,675,086$34,632,373
85$65,890,699$26,692,806$20,271,127$37,041,923
86$72,546,489$27,935,692$20,885,147$39,652,788
87$79,879,119$29,237,429$21,517,689$42,483,651
88$87,957,564$30,600,838$22,169,306$45,555,015
89$96,857,830$32,028,873$22,840,572$48,889,394
90$106,663,673$33,524,633$23,532,076$52,511,507
91$117,467,393$35,091,364$24,244,425$56,448,505
92$129,370,698$36,732,473$24,978,245$60,730,210
93$142,485,672$38,451,527$25,734,179$65,389,384
94$156,935,827$40,252,268$26,512,890$70,462,028
95$172,857,272$42,138,619$27,315,062$75,987,702
96$190,399,994$44,114,692$28,141,397$82,009,889
97$209,729,279$46,184,798$28,992,620$88,576,383
98$231,027,269$48,353,456$29,869,476$95,739,730
99$254,494,680$50,625,405$30,772,733$103,557,701
100$280,352,700$53,005,612$31,703,182$112,093,825