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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.7%
1 years$999,207$990,306$981,623$973,147$964,871$927,321
2 years$494,657$485,444$476,516$467,859$459,462$422,085
3 years$326,495$317,243$308,337$299,762$291,502$255,474
4 years$242,431$233,207$224,391$215,962$207,902$173,497
5 years$192,006$182,837$174,136$165,879$158,043$125,351
6 years$158,400$149,300$140,728$132,655$125,054$94,095
7 years$134,405$125,382$116,946$109,063$101,703$72,466
8 years$116,417$107,476$99,179$91,490$84,372$56,829
9 years$102,434$93,577$85,423$77,929$71,054$45,164
10 years$91,254$82,484$74,474$67,176$60,541$36,256
11 years$82,113$73,430$65,565$58,463$52,067$29,331
12 years$74,500$65,907$58,188$51,280$45,121$23,873
13 years$68,064$59,561$51,987$45,273$39,346$19,524
14 years$62,552$54,139$46,710$40,188$34,490$16,029
15 years$57,780$49,457$42,173$35,841$30,368$13,200
16 years$53,608$45,376$38,236$32,091$26,839$10,898
17 years$49,930$41,789$34,793$28,834$23,798$9,016
18 years$46,665$38,615$31,762$25,985$21,160$7,472
19 years$43,747$35,788$29,077$23,480$18,860$6,200
20 years$41,124$33,256$26,685$21,265$16,846$5,151
21 years$38,754$30,977$24,545$19,300$15,076$4,283
22 years$36,602$28,916$22,622$17,548$13,513$3,565
23 years$34,641$27,044$20,887$15,981$12,130$2,968
24 years$32,845$25,339$19,317$14,576$10,903$2,473
25 years$31,196$23,779$17,892$13,311$9,811$2,062
26 years$29,676$22,349$16,594$12,171$8,837$1,719
27 years$28,271$21,033$15,409$11,141$7,968$1,434
28 years$26,968$19,819$14,324$10,207$7,189$1,196
29 years$25,758$18,697$13,330$9,360$6,492$998
30 years$24,630$17,657$12,416$8,590$5,866$833
31 years$23,578$16,692$11,576$7,890$5,303$696
32 years$22,593$15,794$10,800$7,251$4,797$581
33 years$21,669$14,957$10,084$6,668$4,341$485
34 years$20,802$14,176$9,422$6,135$3,931$405
35 years$19,986$13,446$8,809$5,647$3,560$338
36 years$19,218$12,762$8,241$5,201$3,226$282
37 years$18,492$12,121$7,713$4,792$2,924$236
38 years$17,806$11,519$7,223$4,417$2,650$197
39 years$17,158$10,954$6,767$4,073$2,403$165
40 years$16,543$10,421$6,343$3,757$2,180$137
41 years$15,959$9,920$5,948$3,466$1,978$115
42 years$15,405$9,448$5,579$3,199$1,795$96
43 years$14,878$9,002$5,235$2,953$1,629$80
44 years$14,377$8,581$4,914$2,726$1,478$67
45 years$13,899$8,182$4,614$2,518$1,342$56
46 years$13,443$7,806$4,334$2,326$1,219$47
47 years$13,008$7,449$4,071$2,149$1,107$39
48 years$12,592$7,111$3,826$1,985$1,005$33
49 years$12,194$6,791$3,596$1,835$913$27
50 years$11,814$6,487$3,381$1,696$829$23

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 $5,144 every year, while hoping to spend $54,704 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: 47/27/26 Blend
67$12,100,000$12,100,000$12,100,000$12,100,000
68$13,339,506$12,698,206$12,510,656$13,866,944
69$14,641,931$13,262,213$12,871,558$14,802,682
70$16,075,370$13,852,024$13,242,718$15,812,032
71$17,653,128$14,468,844$13,624,419$16,906,617
72$19,389,867$15,113,937$14,016,957$18,094,469
73$21,301,742$15,788,628$14,420,633$19,384,410
74$23,406,551$16,494,303$14,835,756$20,786,136
75$25,723,911$17,232,415$15,262,645$22,310,304
76$28,275,432$18,004,486$15,701,627$23,968,626
77$31,084,931$18,812,110$16,153,036$25,773,978
78$34,178,649$19,656,958$16,617,218$27,740,519
79$37,585,502$20,540,781$17,094,526$29,883,817
80$41,337,355$21,465,410$17,585,323$32,220,991
81$45,469,317$22,432,767$18,089,984$34,770,872
82$50,020,080$23,444,865$18,608,890$37,554,171
83$55,032,276$24,503,811$19,142,436$40,593,674
84$60,552,886$25,611,816$19,691,026$43,914,449
85$66,633,679$26,771,193$20,255,074$47,544,074
86$73,331,701$27,984,369$20,835,005$51,512,899
87$80,709,815$29,253,884$21,431,259$55,854,321
88$88,837,293$30,582,400$22,044,282$60,605,092
89$97,790,468$31,972,709$22,674,537$65,805,663
90$107,653,458$33,427,734$23,322,496$71,500,558
91$118,518,956$34,950,539$23,988,646$77,738,785
92$130,489,108$36,544,333$24,673,483$84,574,292
93$143,676,473$38,212,482$25,377,522$92,066,470
94$158,205,091$39,958,511$26,101,286$100,280,702
95$174,211,646$41,786,114$26,845,315$109,288,975
96$191,846,763$43,699,163$27,610,162$119,170,550
97$211,276,427$45,701,716$28,396,397$130,012,698
98$232,683,547$47,798,024$29,204,600$141,911,517
99$256,269,686$49,992,545$30,035,372$154,972,828
100$282,256,963$52,289,949$30,889,326$169,313,162