Can I retire at age 68 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$982,562
2 years$506,921$497,480$488,330$479,459$470,854$464,568
3 years$334,590$325,109$315,982$307,194$298,729$292,584
4 years$248,442$238,989$229,954$221,316$213,056$207,098
5 years$196,766$187,371$178,454$169,992$161,962$156,209
6 years$162,327$153,002$144,217$135,944$128,155$122,615
7 years$137,738$128,491$119,845$111,767$104,224$98,900
8 years$119,304$110,140$101,638$93,759$86,464$81,355
9 years$104,974$95,897$87,541$79,861$72,815$67,921
10 years$93,517$84,529$76,320$68,841$62,042$57,359
11 years$84,149$75,251$67,191$59,913$53,358$48,884
12 years$76,348$67,541$59,630$52,551$46,239$41,969
13 years$69,752$61,037$53,276$46,395$40,322$36,252
14 years$64,103$55,481$47,869$41,184$35,346$31,472
15 years$59,212$50,683$43,219$36,729$31,121$27,437
16 years$54,937$46,501$39,184$32,887$27,505$24,006
17 years$51,168$42,826$35,656$29,549$24,388$21,069
18 years$47,822$39,573$32,549$26,629$21,684$18,539
19 years$44,832$36,676$29,797$24,062$19,328$16,350
20 years$42,144$34,081$27,347$21,793$17,264$14,448
21 years$39,715$31,745$25,154$19,778$15,449$12,789
22 years$37,510$29,633$23,183$17,983$13,848$11,338
23 years$35,499$27,715$21,405$16,377$12,431$10,064
24 years$33,659$25,967$19,796$14,937$11,173$8,944
25 years$31,969$24,369$18,335$13,641$10,054$7,957
26 years$30,411$22,903$17,005$12,473$9,056$7,085
27 years$28,972$21,554$15,791$11,417$8,165$6,313
28 years$27,637$20,310$14,680$10,460$7,368$5,630
29 years$26,397$19,160$13,661$9,592$6,653$5,023
30 years$25,241$18,095$12,724$8,803$6,011$4,485
31 years$24,162$17,106$11,863$8,085$5,435$4,006
32 years$23,153$16,186$11,068$7,431$4,916$3,579
33 years$22,207$15,328$10,334$6,833$4,449$3,200
34 years$21,318$14,527$9,656$6,287$4,028$2,861
35 years$20,482$13,779$9,027$5,787$3,648$2,560
36 years$19,694$13,078$8,445$5,330$3,306$2,290
37 years$18,951$12,421$7,904$4,911$2,996$2,050
38 years$18,248$11,805$7,402$4,527$2,716$1,835
39 years$17,583$11,225$6,935$4,174$2,463$1,643
40 years$16,953$10,680$6,500$3,850$2,234$1,471
41 years$16,355$10,166$6,095$3,552$2,027$1,318
42 years$15,787$9,682$5,717$3,278$1,839$1,180
43 years$15,247$9,225$5,365$3,026$1,669$1,058
44 years$14,733$8,793$5,036$2,794$1,515$948
45 years$14,243$8,385$4,729$2,580$1,375$849
46 years$13,776$7,999$4,441$2,383$1,249$761
47 years$13,330$7,634$4,172$2,202$1,134$682
48 years$12,904$7,287$3,921$2,035$1,030$611
49 years$12,497$6,959$3,685$1,880$935$548
50 years$12,107$6,648$3,465$1,738$850$491

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $12,400,000, adding $2,153 every year, while hoping to spend $33,783 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: 60/18/22 Blend
67$12,400,000$12,400,000$12,400,000$12,400,000
68$13,667,021$13,009,821$12,817,621$14,407,319
69$15,025,112$13,611,357$13,211,066$15,511,282
70$16,520,596$14,241,237$13,616,560$16,711,315
71$18,167,452$14,900,812$14,034,470$18,019,868
72$19,981,083$15,591,502$14,465,175$19,447,479
73$21,978,461$16,314,793$14,909,065$21,005,741
74$24,178,289$17,072,244$15,366,545$22,707,406
75$26,601,178$17,865,488$15,838,028$24,566,504
76$29,269,838$18,696,236$16,323,941$26,598,471
77$32,209,295$19,566,285$16,824,726$28,820,295
78$35,447,125$20,477,514$17,340,837$31,250,667
79$39,013,716$21,431,898$17,872,740$33,910,158
80$42,942,556$22,431,502$18,420,917$36,821,411
81$47,270,546$23,478,494$18,985,867$40,009,346
82$52,038,347$24,575,145$19,568,099$43,501,396
83$57,290,769$25,723,839$20,168,141$47,327,757
84$63,077,191$26,927,070$20,786,537$51,521,673
85$69,452,025$28,187,457$21,423,846$56,119,743
86$76,475,232$29,507,743$22,080,646$61,162,265
87$84,212,888$30,890,804$22,757,530$66,693,604
88$92,737,806$32,339,657$23,455,110$72,762,614
89$102,130,224$33,857,463$24,174,019$79,423,090
90$112,478,564$35,447,535$24,914,905$86,734,268
91$123,880,263$37,113,350$25,678,440$94,761,383
92$136,442,695$38,858,549$26,465,313$103,576,276
93$150,284,184$40,686,952$27,276,235$113,258,066
94$165,535,122$42,602,564$28,111,940$123,893,891
95$182,339,197$44,609,582$28,973,182$135,579,721
96$200,854,751$46,712,408$29,860,740$148,421,262
97$221,256,276$48,915,656$30,775,416$162,534,940
98$243,736,059$51,224,166$31,718,035$178,048,997
99$268,505,996$53,643,009$32,689,448$195,104,691
100$295,799,596$56,177,504$33,690,532$213,857,621