Can I retire at age 68 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$817,533$810,251$803,146$796,211$789,440$758,717
2 years$404,719$397,182$389,877$382,794$375,924$345,342
3 years$267,133$259,563$252,276$245,260$238,501$209,024
4 years$198,353$190,806$183,592$176,696$170,101$141,952
5 years$157,096$149,594$142,475$135,719$129,308$102,560
6 years$129,600$122,155$115,141$108,536$102,317$76,987
7 years$109,968$102,586$95,683$89,233$83,211$59,290
8 years$95,251$87,935$81,147$74,856$69,032$46,497
9 years$83,810$76,563$69,892$63,760$58,135$36,953
10 years$74,662$67,487$60,933$54,962$49,534$29,664
11 years$67,183$60,079$53,644$47,833$42,601$23,998
12 years$60,955$53,924$47,608$41,956$36,917$19,532
13 years$55,689$48,731$42,535$37,041$32,192$15,974
14 years$51,179$44,296$38,218$32,881$28,219$13,115
15 years$47,274$40,465$34,505$29,324$24,847$10,800
16 years$43,861$37,126$31,284$26,257$21,960$8,917
17 years$40,852$34,191$28,467$23,591$19,471$7,377
18 years$38,180$31,594$25,987$21,261$17,313$6,113
19 years$35,793$29,281$23,790$19,211$15,431$5,073
20 years$33,647$27,210$21,833$17,399$13,783$4,214
21 years$31,708$25,345$20,082$15,791$12,335$3,505
22 years$29,947$23,658$18,509$14,357$11,056$2,917
23 years$28,342$22,127$17,090$13,076$9,925$2,429
24 years$26,873$20,732$15,805$11,926$8,920$2,024
25 years$25,524$19,456$14,639$10,891$8,027$1,687
26 years$24,280$18,285$13,577$9,958$7,231$1,407
27 years$23,131$17,209$12,607$9,115$6,519$1,173
28 years$22,065$16,216$11,720$8,351$5,882$979
29 years$21,075$15,297$10,906$7,658$5,311$817
30 years$20,152$14,447$10,159$7,029$4,799$682
31 years$19,291$13,657$9,471$6,455$4,339$569
32 years$18,485$12,922$8,836$5,932$3,925$475
33 years$17,729$12,238$8,251$5,455$3,552$397
34 years$17,020$11,599$7,709$5,019$3,216$331
35 years$16,352$11,001$7,207$4,621$2,913$277
36 years$15,723$10,442$6,742$4,255$2,639$231
37 years$15,130$9,917$6,311$3,921$2,392$193
38 years$14,569$9,425$5,910$3,614$2,169$161
39 years$14,038$8,962$5,537$3,332$1,966$135
40 years$13,535$8,527$5,190$3,074$1,784$112
41 years$13,058$8,117$4,866$2,836$1,618$94
42 years$12,604$7,730$4,565$2,617$1,468$78
43 years$12,173$7,365$4,283$2,416$1,333$66
44 years$11,763$7,020$4,021$2,231$1,210$55
45 years$11,372$6,695$3,775$2,060$1,098$46
46 years$10,999$6,386$3,546$1,903$997$38
47 years$10,643$6,095$3,331$1,758$905$32
48 years$10,302$5,818$3,130$1,624$822$27
49 years$9,977$5,556$2,942$1,501$747$22
50 years$9,666$5,307$2,766$1,388$678$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $9,900,000, adding $4,292 every year, while hoping to spend $43,709 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: 43/46/11 Blend
67$9,900,000$9,900,000$9,900,000$9,900,000
68$10,914,227$10,389,527$10,236,077$11,348,556
69$11,980,972$10,852,108$10,532,480$12,114,524
70$13,155,061$11,335,890$10,837,347$12,939,083
71$14,447,395$11,841,867$11,150,916$13,831,377
72$15,869,988$12,371,078$11,473,431$14,797,627
73$17,436,078$12,924,612$11,805,142$15,844,660
74$19,160,251$13,503,611$12,146,308$16,979,968
75$21,058,579$14,109,270$12,497,191$18,211,775
76$23,148,772$14,742,842$12,858,065$19,549,107
77$25,450,345$15,405,639$13,229,208$21,001,877
78$27,984,800$16,099,036$13,610,906$22,580,971
79$30,775,833$16,824,472$14,003,455$24,298,345
80$33,849,554$17,583,457$14,407,157$26,167,133
81$37,234,734$18,377,572$14,822,322$28,201,770
82$40,963,077$19,208,473$15,249,270$30,418,112
83$45,069,519$20,077,896$15,688,328$32,833,589
84$49,592,556$20,987,659$16,139,833$35,467,360
85$54,574,610$21,939,667$16,604,131$38,340,486
86$60,062,427$22,935,918$17,081,577$41,476,121
87$66,107,520$23,978,504$17,572,535$44,899,726
88$72,766,652$25,069,616$18,077,380$48,639,301
89$80,102,375$26,211,551$18,596,497$52,725,637
90$88,183,618$27,406,717$19,130,279$57,192,604
91$97,086,337$28,657,637$19,679,134$62,077,459
92$106,894,236$29,966,953$20,243,478$67,421,188
93$117,699,551$31,337,437$20,823,737$73,268,884
94$129,603,924$32,771,990$21,420,351$79,670,161
95$142,719,362$34,273,656$22,033,771$86,679,616
96$157,169,294$35,845,622$22,664,459$94,357,327
97$173,089,734$37,491,230$23,312,891$102,769,413
98$190,630,569$39,213,981$23,979,554$111,988,643
99$209,956,967$41,017,547$24,664,949$122,095,114
100$231,250,943$42,905,772$25,369,591$133,176,990