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

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$973,415
2 years$502,833$493,468$484,392$475,592$467,057$459,591
3 years$331,892$322,487$313,434$304,717$296,320$289,025
4 years$246,438$237,062$228,100$219,531$211,338$204,270
5 years$195,180$185,859$177,015$168,621$160,656$153,835
6 years$161,018$151,768$143,054$134,848$127,121$120,557
7 years$136,627$127,455$118,879$110,866$103,384$97,079
8 years$118,342$109,252$100,818$93,002$85,767$79,721
9 years$104,127$95,124$86,835$79,217$72,228$66,440
10 years$92,762$83,847$75,705$68,286$61,542$56,008
11 years$83,470$74,644$66,649$59,429$52,928$47,645
12 years$75,732$66,996$59,149$52,128$45,866$40,828
13 years$69,189$60,545$52,846$46,021$39,996$35,199
14 years$63,586$55,034$47,482$40,852$35,061$30,497
15 years$58,735$50,274$42,870$36,433$30,870$26,535
16 years$54,494$46,126$38,868$32,622$27,283$23,169
17 years$50,755$42,480$35,369$29,310$24,191$20,292
18 years$47,436$39,254$32,287$26,415$21,510$17,818
19 years$44,470$36,380$29,557$23,868$19,172$15,681
20 years$41,804$33,806$27,126$21,617$17,125$13,826
21 years$39,395$31,489$24,951$19,619$15,325$12,212
22 years$37,207$29,394$22,996$17,838$13,736$10,802
23 years$35,213$27,491$21,233$16,245$12,331$9,567
24 years$33,388$25,758$19,637$14,817$11,083$8,482
25 years$31,711$24,172$18,187$13,531$9,973$7,528
26 years$30,166$22,718$16,868$12,372$8,983$6,688
27 years$28,738$21,380$15,663$11,325$8,099$5,945
28 years$27,414$20,147$14,561$10,376$7,308$5,289
29 years$26,184$19,006$13,550$9,515$6,599$4,708
30 years$25,037$17,949$12,622$8,732$5,963$4,193
31 years$23,967$16,968$11,767$8,020$5,391$3,736
32 years$22,966$16,055$10,979$7,371$4,876$3,330
33 years$22,027$15,204$10,251$6,778$4,413$2,970
34 years$21,146$14,410$9,578$6,236$3,996$2,649
35 years$20,317$13,668$8,955$5,741$3,619$2,364
36 years$19,535$12,973$8,377$5,287$3,279$2,109
37 years$18,798$12,321$7,841$4,871$2,972$1,883
38 years$18,101$11,710$7,342$4,490$2,694$1,682
39 years$17,441$11,135$6,879$4,140$2,443$1,502
40 years$16,816$10,594$6,448$3,819$2,216$1,341
41 years$16,223$10,084$6,046$3,523$2,010$1,198
42 years$15,660$9,604$5,671$3,251$1,824$1,071
43 years$15,124$9,151$5,322$3,001$1,656$957
44 years$14,614$8,722$4,995$2,771$1,503$855
45 years$14,128$8,318$4,690$2,559$1,364$764
46 years$13,665$7,935$4,405$2,364$1,239$683
47 years$13,223$7,572$4,139$2,184$1,125$611
48 years$12,800$7,229$3,889$2,018$1,022$546
49 years$12,396$6,903$3,656$1,865$928$488
50 years$12,009$6,594$3,437$1,724$843$436

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 $6,731 every year, while hoping to spend $37,234 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: 55/25/20 Blend
67$12,300,000$12,300,000$12,300,000$12,300,000
68$13,561,543$12,909,643$12,718,993$14,233,700
69$14,905,204$13,502,599$13,105,463$15,286,973
70$16,384,670$14,123,362$13,503,631$16,428,867
71$18,013,754$14,773,254$13,913,851$17,671,579
72$19,807,678$15,453,664$14,336,485$19,024,772
73$21,783,212$16,166,045$14,771,908$20,499,069
74$23,958,837$16,911,919$15,220,505$22,106,152
75$26,354,919$17,692,884$15,682,673$23,858,865
76$28,993,899$18,510,612$16,158,820$25,771,332
77$31,900,503$19,366,860$16,649,367$27,859,089
78$35,101,983$20,263,463$17,154,749$30,139,222
79$38,628,363$21,202,351$17,675,411$32,630,529
80$42,512,732$22,185,543$18,211,814$35,353,689
81$46,791,552$23,215,155$18,764,431$38,331,456
82$51,505,001$24,293,408$19,333,749$41,588,863
83$56,697,353$25,422,628$19,920,273$45,153,460
84$62,417,400$26,605,253$20,524,518$49,055,566
85$68,718,904$27,843,840$21,147,019$53,328,547
86$75,661,112$29,141,068$21,788,324$58,009,129
87$83,309,310$30,499,745$22,448,998$63,137,735
88$91,735,444$31,922,817$23,129,623$68,758,864
89$101,018,794$33,413,370$23,830,801$74,921,502
90$111,246,725$34,974,639$24,553,147$81,679,578
91$122,515,512$36,610,017$25,297,298$89,092,463
92$134,931,246$38,323,060$26,063,909$97,225,528
93$148,610,838$40,117,495$26,853,655$106,150,751
94$163,683,122$41,997,230$27,667,231$115,947,386
95$180,290,069$43,966,363$28,505,351$126,702,705
96$198,588,129$46,029,188$29,368,754$138,512,810
97$218,749,709$48,190,209$30,258,197$151,483,536
98$240,964,795$50,454,145$31,174,463$165,731,432
99$265,442,753$52,825,947$32,118,357$181,384,861
100$292,414,299$55,310,803$33,090,706$198,585,190