Can I retire at age 68 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$999,207$990,306$981,623$973,147$964,871$945,003
2 years$494,657$485,444$476,516$467,859$459,462$439,536
3 years$326,495$317,243$308,337$299,762$291,502$272,139
4 years$242,431$233,207$224,391$215,962$207,902$189,251
5 years$192,006$182,837$174,136$165,879$158,043$140,159
6 years$158,400$149,300$140,728$132,655$125,054$107,954
7 years$134,405$125,382$116,946$109,063$101,703$85,391
8 years$116,417$107,476$99,179$91,490$84,372$68,844
9 years$102,434$93,577$85,423$77,929$71,054$56,298
10 years$91,254$82,484$74,474$67,176$60,541$46,543
11 years$82,113$73,430$65,565$58,463$52,067$38,810
12 years$74,500$65,907$58,188$51,280$45,121$32,584
13 years$68,064$59,561$51,987$45,273$39,346$27,509
14 years$62,552$54,139$46,710$40,188$34,490$23,331
15 years$57,780$49,457$42,173$35,841$30,368$19,861
16 years$53,608$45,376$38,236$32,091$26,839$16,961
17 years$49,930$41,789$34,793$28,834$23,798$14,522
18 years$46,665$38,615$31,762$25,985$21,160$12,461
19 years$43,747$35,788$29,077$23,480$18,860$10,713
20 years$41,124$33,256$26,685$21,265$16,846$9,225
21 years$38,754$30,977$24,545$19,300$15,076$7,954
22 years$36,602$28,916$22,622$17,548$13,513$6,866
23 years$34,641$27,044$20,887$15,981$12,130$5,933
24 years$32,845$25,339$19,317$14,576$10,903$5,131
25 years$31,196$23,779$17,892$13,311$9,811$4,441
26 years$29,676$22,349$16,594$12,171$8,837$3,846
27 years$28,271$21,033$15,409$11,141$7,968$3,333
28 years$26,968$19,819$14,324$10,207$7,189$2,889
29 years$25,758$18,697$13,330$9,360$6,492$2,506
30 years$24,630$17,657$12,416$8,590$5,866$2,174
31 years$23,578$16,692$11,576$7,890$5,303$1,886
32 years$22,593$15,794$10,800$7,251$4,797$1,638
33 years$21,669$14,957$10,084$6,668$4,341$1,422
34 years$20,802$14,176$9,422$6,135$3,931$1,235
35 years$19,986$13,446$8,809$5,647$3,560$1,072
36 years$19,218$12,762$8,241$5,201$3,226$932
37 years$18,492$12,121$7,713$4,792$2,924$809
38 years$17,806$11,519$7,223$4,417$2,650$703
39 years$17,158$10,954$6,767$4,073$2,403$611
40 years$16,543$10,421$6,343$3,757$2,180$531
41 years$15,959$9,920$5,948$3,466$1,978$462
42 years$15,405$9,448$5,579$3,199$1,795$401
43 years$14,878$9,002$5,235$2,953$1,629$349
44 years$14,377$8,581$4,914$2,726$1,478$303
45 years$13,899$8,182$4,614$2,518$1,342$264
46 years$13,443$7,806$4,334$2,326$1,219$229
47 years$13,008$7,449$4,071$2,149$1,107$199
48 years$12,592$7,111$3,826$1,985$1,005$173
49 years$12,194$6,791$3,596$1,835$913$151
50 years$11,814$6,487$3,381$1,696$829$131

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $12,100,000, adding $3,018 every year, while hoping to spend $43,418 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: 66/25/9 Blend
67$12,100,000$12,100,000$12,100,000$12,100,000
68$13,337,313$12,696,013$12,508,463$14,193,242
69$14,651,523$13,271,921$12,881,300$15,338,876
70$16,098,326$13,874,594$13,265,172$16,585,042
71$17,691,203$14,505,296$13,660,403$17,945,861
72$19,445,005$15,165,355$14,067,325$19,432,515
73$21,376,097$15,856,159$14,486,283$21,057,301
74$23,502,514$16,579,166$14,917,628$22,833,753
75$25,844,125$17,335,900$15,361,724$24,776,755
76$28,422,829$18,127,962$15,818,944$26,902,689
77$31,262,752$18,957,026$16,289,673$29,229,578
78$34,390,482$19,824,850$16,774,307$31,777,258
79$37,835,317$20,733,274$17,273,252$34,567,558
80$41,629,541$21,684,225$17,786,927$37,624,503
81$45,808,728$22,679,727$18,315,764$40,974,539
82$50,412,082$23,721,897$18,860,205$44,646,775
83$55,482,800$24,812,956$19,420,708$48,673,254
84$61,068,485$25,955,230$19,997,740$53,089,254
85$67,221,592$27,151,158$20,591,787$57,933,611
86$73,999,926$28,403,296$21,203,343$63,249,084
87$81,467,185$29,714,324$21,832,922$69,082,751
88$89,693,561$31,087,049$22,481,048$75,486,452
89$98,756,405$32,524,415$23,148,263$82,517,266
90$108,740,952$34,029,505$23,835,124$90,238,049
91$119,741,132$35,605,554$24,542,204$98,718,018
92$131,860,452$37,255,951$25,270,092$108,033,400
93$145,212,973$38,984,247$26,019,394$118,268,143
94$159,924,387$40,794,166$26,790,735$129,514,699
95$176,133,206$42,689,612$27,584,756$141,874,895
96$193,992,065$44,674,675$28,402,118$155,460,879
97$213,669,166$46,753,644$29,243,499$170,396,177
98$235,349,863$48,931,015$30,109,599$186,816,844
99$259,238,415$51,211,500$31,001,136$204,872,744
100$285,559,909$53,600,039$31,918,849$224,728,953