Can I retire at age 68 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$990,949$982,122$973,510$965,105$956,897$943,376
2 years$490,569$481,432$472,578$463,993$455,665$442,069
3 years$323,797$314,621$305,789$297,285$289,093$275,845
4 years$240,428$231,280$222,536$214,177$206,183$193,385
5 years$190,419$181,326$172,697$164,508$156,737$144,426
6 years$157,091$148,067$139,565$131,559$124,021$112,211
7 years$133,294$124,346$115,979$108,162$100,862$89,557
8 years$115,455$106,588$98,360$90,734$83,675$72,874
9 years$101,588$92,804$84,717$77,285$70,466$60,165
10 years$90,500$81,802$73,858$66,621$60,041$50,230
11 years$81,434$72,823$65,024$57,980$51,637$42,308
12 years$73,885$65,362$57,707$50,856$44,748$35,889
13 years$67,502$59,068$51,557$44,898$39,021$30,621
14 years$62,035$53,692$46,324$39,856$34,205$26,251
15 years$57,302$49,048$41,825$35,544$30,117$22,595
16 years$53,165$45,001$37,920$31,826$26,618$19,513
17 years$49,518$41,444$34,506$28,595$23,601$16,899
18 years$46,279$38,296$31,499$25,770$20,985$14,670
19 years$43,385$35,493$28,836$23,286$18,704$12,762
20 years$40,784$32,981$26,464$21,090$16,707$11,121
21 years$38,434$30,721$24,342$19,140$14,951$9,706
22 years$36,300$28,677$22,435$17,403$13,401$8,482
23 years$34,354$26,821$20,715$15,849$12,030$7,421
24 years$32,574$25,129$19,158$14,455$10,813$6,499
25 years$30,938$23,583$17,744$13,201$9,730$5,696
26 years$29,430$22,164$16,457$12,071$8,764$4,997
27 years$28,037$20,859$15,281$11,049$7,902$4,386
28 years$26,745$19,655$14,206$10,123$7,130$3,852
29 years$25,545$18,542$13,220$9,283$6,438$3,384
30 years$24,427$17,511$12,314$8,519$5,817$2,975
31 years$23,383$16,554$11,480$7,824$5,259$2,616
32 years$22,406$15,663$10,711$7,191$4,757$2,301
33 years$21,490$14,834$10,001$6,613$4,305$2,025
34 years$20,630$14,059$9,344$6,084$3,898$1,782
35 years$19,821$13,335$8,736$5,601$3,531$1,569
36 years$19,059$12,656$8,172$5,158$3,199$1,382
37 years$18,339$12,021$7,649$4,753$2,899$1,217
38 years$17,659$11,424$7,163$4,381$2,629$1,072
39 years$17,016$10,863$6,711$4,039$2,384$944
40 years$16,406$10,335$6,290$3,725$2,162$832
41 years$15,827$9,838$5,898$3,437$1,961$733
42 years$15,278$9,370$5,533$3,172$1,780$646
43 years$14,755$8,927$5,192$2,928$1,615$569
44 years$14,258$8,510$4,873$2,704$1,466$502
45 years$13,784$8,115$4,576$2,497$1,331$442
46 years$13,332$7,741$4,298$2,307$1,209$390
47 years$12,900$7,387$4,038$2,131$1,097$344
48 years$12,488$7,052$3,794$1,969$997$303
49 years$12,094$6,735$3,567$1,820$905$267
50 years$11,716$6,433$3,353$1,682$822$235

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $12,000,000, adding $6,964 every year, while hoping to spend $42,299 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: 62/26/12 Blend
67$12,000,000$12,000,000$12,000,000$12,000,000
68$13,231,183$12,595,183$12,409,183$14,013,696
69$14,535,758$13,167,342$12,779,885$15,111,234
70$15,971,982$13,766,118$13,161,588$16,303,282
71$17,553,238$14,392,772$13,554,615$17,603,433
72$19,294,275$15,048,623$13,959,301$19,022,166
73$21,211,340$15,735,056$14,375,987$20,571,001
74$23,322,342$16,453,518$14,805,028$22,262,613
75$25,647,010$17,205,530$15,246,785$24,110,943
76$28,207,087$17,992,683$15,701,634$26,131,325
77$31,026,530$18,816,645$16,169,960$28,340,631
78$34,131,740$19,679,164$16,652,157$30,757,425
79$37,551,807$20,582,072$17,148,633$33,402,134
80$41,318,787$21,527,290$17,659,809$36,297,235
81$45,468,006$22,516,829$18,186,114$39,467,466
82$50,038,387$23,552,799$18,727,994$42,940,053
83$55,072,827$24,637,410$19,285,906$46,744,961
84$60,618,590$25,772,978$19,860,319$50,915,177
85$66,727,764$26,961,931$20,451,717$55,487,010
86$73,457,744$28,206,815$21,060,598$60,500,431
87$80,871,781$29,510,296$21,687,475$65,999,447
88$89,039,573$30,875,170$22,332,875$72,032,505
89$98,037,923$32,304,367$22,997,341$78,652,949
90$107,951,469$33,800,959$23,681,429$85,919,512
91$118,873,478$35,368,165$24,385,716$93,896,868
92$130,906,726$37,009,359$25,110,791$102,656,232
93$144,164,473$38,728,078$25,857,263$112,276,027
94$158,771,526$40,528,030$26,625,758$122,842,616
95$174,865,419$42,413,102$27,416,919$134,451,109
96$192,597,715$44,387,367$28,231,409$147,206,251
97$212,135,429$46,455,095$29,069,909$161,223,404
98$233,662,612$48,620,764$29,933,120$176,629,626
99$257,382,083$50,889,066$30,821,764$193,564,863
100$283,517,345$53,264,919$31,736,582$212,183,253