Can I retire at age 68 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$948,284
2 years$502,833$493,468$484,392$475,592$467,057$434,594
3 years$331,892$322,487$313,434$304,717$296,320$264,949
4 years$246,438$237,062$228,100$219,531$211,338$181,298
5 years$195,180$185,859$177,015$168,621$160,656$132,027
6 years$161,018$151,768$143,054$134,848$127,121$99,928
7 years$136,627$127,455$118,879$110,866$103,384$77,621
8 years$118,342$109,252$100,818$93,002$85,767$61,416
9 years$104,127$95,124$86,835$79,217$72,228$49,260
10 years$92,762$83,847$75,705$68,286$61,542$39,921
11 years$83,470$74,644$66,649$59,429$52,928$32,613
12 years$75,732$66,996$59,149$52,128$45,866$26,811
13 years$69,189$60,545$52,846$46,021$39,996$22,153
14 years$63,586$55,034$47,482$40,852$35,061$18,379
15 years$58,735$50,274$42,870$36,433$30,870$15,298
16 years$54,494$46,126$38,868$32,622$27,283$12,768
17 years$50,755$42,480$35,369$29,310$24,191$10,680
18 years$47,436$39,254$32,287$26,415$21,510$8,951
19 years$44,470$36,380$29,557$23,868$19,172$7,512
20 years$41,804$33,806$27,126$21,617$17,125$6,313
21 years$39,395$31,489$24,951$19,619$15,325$5,311
22 years$37,207$29,394$22,996$17,838$13,736$4,472
23 years$35,213$27,491$21,233$16,245$12,331$3,769
24 years$33,388$25,758$19,637$14,817$11,083$3,178
25 years$31,711$24,172$18,187$13,531$9,973$2,681
26 years$30,166$22,718$16,868$12,372$8,983$2,263
27 years$28,738$21,380$15,663$11,325$8,099$1,910
28 years$27,414$20,147$14,561$10,376$7,308$1,613
29 years$26,184$19,006$13,550$9,515$6,599$1,363
30 years$25,037$17,949$12,622$8,732$5,963$1,152
31 years$23,967$16,968$11,767$8,020$5,391$973
32 years$22,966$16,055$10,979$7,371$4,876$823
33 years$22,027$15,204$10,251$6,778$4,413$696
34 years$21,146$14,410$9,578$6,236$3,996$588
35 years$20,317$13,668$8,955$5,741$3,619$497
36 years$19,535$12,973$8,377$5,287$3,279$421
37 years$18,798$12,321$7,841$4,871$2,972$356
38 years$18,101$11,710$7,342$4,490$2,694$301
39 years$17,441$11,135$6,879$4,140$2,443$254
40 years$16,816$10,594$6,448$3,819$2,216$215
41 years$16,223$10,084$6,046$3,523$2,010$182
42 years$15,660$9,604$5,671$3,251$1,824$154
43 years$15,124$9,151$5,322$3,001$1,656$130
44 years$14,614$8,722$4,995$2,771$1,503$110
45 years$14,128$8,318$4,690$2,559$1,364$93
46 years$13,665$7,935$4,405$2,364$1,239$79
47 years$13,223$7,572$4,139$2,184$1,125$67
48 years$12,800$7,229$3,889$2,018$1,022$56
49 years$12,396$6,903$3,656$1,865$928$48
50 years$12,009$6,594$3,437$1,724$843$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $12,300,000, adding $4,207 every year, while hoping to spend $37,775 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: 51/38/11 Blend
67$12,300,000$12,300,000$12,300,000$12,300,000
68$13,558,940$12,907,040$12,716,390$14,210,739
69$14,901,759$13,499,292$13,102,196$15,248,685
70$16,380,280$14,119,299$13,499,661$16,372,070
71$18,008,304$14,768,380$13,909,136$17,592,438
72$19,801,040$15,447,920$14,330,980$18,918,926
73$21,775,245$16,159,367$14,765,567$20,361,576
74$23,949,386$16,904,242$15,213,280$21,931,413
75$26,343,811$17,684,137$15,674,512$23,640,554
76$28,980,942$18,500,722$16,149,671$25,502,314
77$31,885,487$19,355,747$16,639,174$27,531,322
78$35,084,674$20,251,045$17,143,453$29,743,663
79$38,608,504$21,188,540$17,662,952$32,157,013
80$42,490,038$22,170,245$18,198,127$34,790,810
81$46,765,708$23,198,273$18,749,451$37,666,424
82$51,475,659$24,274,837$19,317,406$40,807,355
83$56,664,130$25,402,258$19,902,494$44,239,449
84$62,379,871$26,582,969$20,505,227$47,991,132
85$68,676,602$27,819,518$21,126,136$52,093,671
86$75,613,520$29,114,578$21,765,766$56,581,466
87$83,255,858$30,470,952$22,424,678$61,492,358
88$91,675,502$31,891,575$23,103,451$66,867,986
89$100,951,668$33,379,527$23,802,681$72,754,166
90$111,171,648$34,938,034$24,522,981$79,201,313
91$122,431,638$36,570,480$25,264,983$86,264,913
92$134,837,642$38,280,410$26,029,337$94,006,030
93$148,506,475$40,071,544$26,816,713$102,491,874
94$163,566,864$41,947,777$27,627,801$111,796,425
95$180,160,663$43,913,198$28,463,312$122,001,117
96$198,444,194$45,972,088$29,323,976$133,195,597
97$218,589,720$48,128,939$30,210,548$145,478,557
98$240,787,073$50,388,458$31,123,803$158,958,651
99$265,245,444$52,755,582$32,064,540$173,755,506
100$292,195,358$55,235,484$33,033,581$190,000,840