Can I retire at age 68 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,007,465$998,491$989,735$981,190$972,845$941,704
2 years$498,745$489,456$480,454$471,726$463,260$432,172
3 years$329,194$319,865$310,886$302,239$293,911$263,853
4 years$244,435$235,135$226,245$217,746$209,620$180,822
5 years$193,593$184,348$175,575$167,250$159,350$131,889
6 years$159,709$150,534$141,891$133,751$126,088$99,988
7 years$135,516$126,419$117,912$109,964$102,543$77,801
8 years$117,379$108,364$99,999$92,246$85,069$61,667
9 years$103,281$94,350$86,129$78,573$71,641$49,553
10 years$92,008$83,165$75,089$67,731$61,042$40,234
11 years$82,791$74,037$66,107$58,946$52,498$32,932
12 years$75,116$66,452$58,669$51,704$45,493$27,127
13 years$68,627$60,053$52,416$45,647$39,671$22,460
14 years$63,069$54,586$47,096$40,520$34,776$18,672
15 years$58,257$49,866$42,522$36,137$30,619$15,576
16 years$54,051$45,751$38,552$32,357$27,061$13,028
17 years$50,343$42,135$35,081$29,072$23,994$10,922
18 years$47,051$38,934$32,024$26,200$21,335$9,173
19 years$44,109$36,084$29,317$23,674$19,016$7,717
20 years$41,464$33,531$26,906$21,441$16,986$6,500
21 years$39,074$31,233$24,748$19,459$15,200$5,481
22 years$36,905$29,155$22,809$17,693$13,625$4,626
23 years$34,927$27,268$21,060$16,113$12,230$3,908
24 years$33,116$25,548$19,477$14,696$10,993$3,303
25 years$31,453$23,976$18,040$13,421$9,892$2,793
26 years$29,921$22,533$16,731$12,272$8,910$2,363
27 years$28,504$21,206$15,536$11,233$8,033$2,000
28 years$27,191$19,983$14,443$10,292$7,249$1,693
29 years$25,971$18,851$13,440$9,438$6,545$1,434
30 years$24,834$17,803$12,519$8,661$5,914$1,215
31 years$23,772$16,830$11,671$7,955$5,347$1,029
32 years$22,779$15,925$10,889$7,311$4,837$872
33 years$21,848$15,081$10,167$6,723$4,377$739
34 years$20,974$14,293$9,500$6,186$3,963$626
35 years$20,152$13,557$8,882$5,694$3,590$531
36 years$19,376$12,867$8,309$5,244$3,252$450
37 years$18,645$12,221$7,777$4,832$2,948$382
38 years$17,954$11,614$7,283$4,454$2,672$324
39 years$17,299$11,044$6,823$4,106$2,423$274
40 years$16,679$10,508$6,395$3,788$2,198$233
41 years$16,091$10,002$5,997$3,495$1,994$197
42 years$15,532$9,526$5,625$3,225$1,809$167
43 years$15,001$9,076$5,278$2,977$1,642$142
44 years$14,495$8,651$4,955$2,749$1,491$120
45 years$14,013$8,250$4,652$2,539$1,353$102
46 years$13,554$7,870$4,370$2,345$1,229$87
47 years$13,115$7,511$4,105$2,166$1,116$73
48 years$12,696$7,170$3,858$2,002$1,013$62
49 years$12,295$6,847$3,626$1,850$920$53
50 years$11,911$6,540$3,409$1,710$836$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $12,200,000, adding $6,599 every year, while hoping to spend $59,063 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: 40/36/24 Blend
67$12,200,000$12,200,000$12,200,000$12,200,000
68$13,451,207$12,804,607$12,615,507$13,893,522
69$14,760,387$13,369,190$12,975,284$14,777,687
70$16,201,125$13,959,458$13,345,134$15,727,542
71$17,786,776$14,576,608$13,725,332$16,753,997
72$19,532,056$15,221,891$14,116,160$17,864,083
73$21,453,183$15,896,621$14,517,909$19,065,515
74$23,568,024$16,602,172$14,930,875$20,366,762
75$25,896,267$17,339,983$15,355,364$21,777,122
76$28,459,607$18,111,562$15,791,689$23,306,806
77$31,281,947$18,918,489$16,240,171$24,967,027
78$34,389,630$19,762,419$16,701,140$26,770,103
79$37,811,679$20,645,084$17,174,935$28,729,566
80$41,580,078$21,568,301$17,661,903$30,860,286
81$45,730,069$22,533,971$18,162,400$33,178,606
82$50,300,487$23,544,087$18,676,791$35,702,487
83$55,334,125$24,600,735$19,205,452$38,451,674
84$60,878,138$25,706,104$19,748,768$41,447,873
85$66,984,489$26,862,484$20,307,132$44,714,954
86$73,710,436$28,072,274$20,880,950$48,279,163
87$81,119,075$29,337,991$21,470,637$52,169,365
88$89,279,937$30,662,268$22,076,619$56,417,311
89$98,269,638$32,047,867$22,699,333$61,057,924
90$108,172,607$33,497,679$23,339,227$66,129,624
91$119,081,883$35,014,735$23,996,761$71,674,681
92$131,099,988$36,602,210$24,672,406$77,739,603
93$144,339,901$38,263,432$25,366,645$84,375,568
94$158,926,117$40,001,887$26,079,974$91,638,893
95$174,995,829$41,821,227$26,812,901$99,591,559
96$192,700,218$43,725,282$27,565,948$108,301,781
97$212,205,881$45,718,062$28,339,649$117,844,644
98$233,696,405$47,803,771$29,134,551$128,302,795
99$257,374,096$49,986,813$29,951,216$139,767,214
100$283,461,893$52,271,805$30,790,220$152,338,060