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%12.4%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$978,875
2 years$506,921$497,480$488,330$479,459$470,854$460,864
3 years$334,590$325,109$315,982$307,194$298,729$288,977
4 years$248,442$238,989$229,954$221,316$213,056$203,618
5 years$196,766$187,371$178,454$169,992$161,962$152,865
6 years$162,327$153,002$144,217$135,944$128,155$119,410
7 years$137,738$128,491$119,845$111,767$104,224$95,836
8 years$119,304$110,140$101,638$93,759$86,464$78,432
9 years$104,974$95,897$87,541$79,861$72,815$65,136
10 years$93,517$84,529$76,320$68,841$62,042$54,711
11 years$84,149$75,251$67,191$59,913$53,358$46,370
12 years$76,348$67,541$59,630$52,551$46,239$39,586
13 years$69,752$61,037$53,276$46,395$40,322$33,996
14 years$64,103$55,481$47,869$41,184$35,346$29,339
15 years$59,212$50,683$43,219$36,729$31,121$25,424
16 years$54,937$46,501$39,184$32,887$27,505$22,108
17 years$51,168$42,826$35,656$29,549$24,388$19,282
18 years$47,822$39,573$32,549$26,629$21,684$16,859
19 years$44,832$36,676$29,797$24,062$19,328$14,773
20 years$42,144$34,081$27,347$21,793$17,264$12,969
21 years$39,715$31,745$25,154$19,778$15,449$11,404
22 years$37,510$29,633$23,183$17,983$13,848$10,042
23 years$35,499$27,715$21,405$16,377$12,431$8,853
24 years$33,659$25,967$19,796$14,937$11,173$7,814
25 years$31,969$24,369$18,335$13,641$10,054$6,903
26 years$30,411$22,903$17,005$12,473$9,056$6,103
27 years$28,972$21,554$15,791$11,417$8,165$5,400
28 years$27,637$20,310$14,680$10,460$7,368$4,780
29 years$26,397$19,160$13,661$9,592$6,653$4,235
30 years$25,241$18,095$12,724$8,803$6,011$3,753
31 years$24,162$17,106$11,863$8,085$5,435$3,328
32 years$23,153$16,186$11,068$7,431$4,916$2,952
33 years$22,207$15,328$10,334$6,833$4,449$2,619
34 years$21,318$14,527$9,656$6,287$4,028$2,325
35 years$20,482$13,779$9,027$5,787$3,648$2,064
36 years$19,694$13,078$8,445$5,330$3,306$1,833
37 years$18,951$12,421$7,904$4,911$2,996$1,628
38 years$18,248$11,805$7,402$4,527$2,716$1,446
39 years$17,583$11,225$6,935$4,174$2,463$1,285
40 years$16,953$10,680$6,500$3,850$2,234$1,142
41 years$16,355$10,166$6,095$3,552$2,027$1,015
42 years$15,787$9,682$5,717$3,278$1,839$902
43 years$15,247$9,225$5,365$3,026$1,669$802
44 years$14,733$8,793$5,036$2,794$1,515$713
45 years$14,243$8,385$4,729$2,580$1,375$634
46 years$13,776$7,999$4,441$2,383$1,249$564
47 years$13,330$7,634$4,172$2,202$1,134$501
48 years$12,904$7,287$3,921$2,035$1,030$446
49 years$12,497$6,959$3,685$1,880$935$396
50 years$12,107$6,648$3,465$1,738$850$352

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 $2,132 every year, while hoping to spend $33,570 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: 66/6/28 Blend
67$12,400,000$12,400,000$12,400,000$12,400,000
68$13,666,999$13,009,799$12,817,599$14,468,100
69$15,025,315$13,611,561$13,211,271$15,610,846
70$16,521,054$14,241,684$13,617,005$16,855,887
71$18,168,197$14,901,523$14,035,170$18,216,519
72$19,982,152$15,592,496$14,466,148$19,704,146
73$21,979,896$16,316,093$14,910,328$21,331,324
74$24,180,136$17,073,872$15,368,114$23,111,872
75$26,603,486$17,867,468$15,839,922$25,061,009
76$29,272,663$18,698,595$16,326,181$27,195,487
77$32,212,698$19,569,050$16,827,332$29,533,754
78$35,451,175$20,480,715$17,343,829$32,096,122
79$39,018,489$21,435,564$17,876,141$34,904,958
80$42,948,134$22,435,666$18,424,752$37,984,893
81$47,277,021$23,483,191$18,990,158$41,363,054
82$52,045,822$24,580,412$19,572,873$45,069,314
83$57,299,357$25,729,714$20,173,425$49,136,573
84$63,087,015$26,933,594$20,792,359$53,601,071
85$69,463,223$28,194,672$21,430,236$58,502,718
86$76,487,957$29,515,696$22,087,633$63,885,477
87$84,227,306$30,899,543$22,765,147$69,797,771
88$92,754,104$32,349,233$23,463,391$76,292,939
89$102,148,606$33,867,929$24,182,999$83,429,737
90$112,499,255$35,458,949$24,924,621$91,272,887
91$123,903,513$37,125,771$25,688,929$99,893,689
92$136,468,779$38,872,041$26,476,616$109,370,687
93$150,313,406$40,701,583$27,288,394$119,790,408
94$165,567,817$42,618,403$28,124,998$131,248,175
95$182,375,734$44,626,705$28,987,186$143,849,007
96$200,895,539$46,730,894$29,875,737$157,708,598
97$221,301,764$48,935,588$30,791,454$172,954,415
98$243,786,744$51,245,632$31,735,168$189,726,890
99$268,562,425$53,666,101$32,707,729$208,180,743
100$295,862,373$56,202,321$33,710,019$228,486,441