Can I retire at age 68 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$961,401
2 years$511,009$501,492$492,268$483,326$474,651$439,397
3 years$337,289$327,731$318,530$309,671$301,138$267,105
4 years$250,446$240,917$231,808$223,101$214,774$182,221
5 years$198,353$188,882$179,893$171,363$163,268$132,280
6 years$163,636$154,236$145,380$137,040$129,188$99,790
7 years$138,848$129,527$120,812$112,668$105,065$77,249
8 years$120,266$111,029$102,458$94,515$87,161$60,905
9 years$105,820$96,670$88,247$80,506$73,402$48,671
10 years$94,271$85,210$76,936$69,397$62,543$39,295
11 years$84,827$75,858$67,733$60,396$53,789$31,976
12 years$76,963$68,086$60,111$52,975$46,612$26,183
13 years$70,314$61,530$53,705$46,769$40,647$21,546
14 years$64,620$55,929$48,255$41,516$35,631$17,800
15 years$59,690$51,092$43,567$37,025$31,372$14,753
16 years$55,380$46,876$39,500$33,152$27,727$12,260
17 years$51,581$43,171$35,944$29,787$24,584$10,211
18 years$48,208$39,892$32,812$26,844$21,859$8,519
19 years$45,193$36,971$30,038$24,256$19,484$7,117
20 years$42,484$34,356$27,567$21,968$17,403$5,954
21 years$40,035$32,001$25,356$19,938$15,574$4,986
22 years$37,812$29,872$23,370$18,128$13,960$4,179
23 years$35,786$27,938$21,578$16,509$12,531$3,504
24 years$33,931$26,176$19,956$15,058$11,263$2,941
25 years$32,227$24,565$18,483$13,752$10,135$2,469
26 years$30,657$23,087$17,142$12,574$9,129$2,074
27 years$29,205$21,728$15,918$11,509$8,231$1,743
28 years$27,860$20,474$14,798$10,545$7,427$1,465
29 years$26,609$19,315$13,771$9,670$6,706$1,231
30 years$25,445$18,241$12,827$8,874$6,060$1,035
31 years$24,357$17,244$11,958$8,150$5,478$871
32 years$23,340$16,316$11,157$7,490$4,956$732
33 years$22,386$15,452$10,418$6,888$4,485$616
34 years$21,490$14,645$9,734$6,338$4,061$518
35 years$20,647$13,890$9,100$5,834$3,678$436
36 years$19,853$13,184$8,513$5,373$3,332$367
37 years$19,103$12,522$7,968$4,951$3,020$309
38 years$18,395$11,900$7,462$4,563$2,738$260
39 years$17,725$11,316$6,991$4,207$2,483$219
40 years$17,089$10,766$6,552$3,881$2,252$184
41 years$16,487$10,248$6,144$3,580$2,043$155
42 years$15,914$9,760$5,763$3,304$1,854$130
43 years$15,370$9,299$5,408$3,050$1,683$110
44 years$14,852$8,864$5,077$2,816$1,527$92
45 years$14,358$8,453$4,767$2,601$1,387$78
46 years$13,887$8,064$4,477$2,403$1,259$65
47 years$13,438$7,695$4,206$2,220$1,143$55
48 years$13,008$7,346$3,953$2,051$1,038$46
49 years$12,597$7,015$3,715$1,896$943$39
50 years$12,204$6,701$3,493$1,752$856$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $12,500,000, adding $5,864 every year, while hoping to spend $51,887 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: 46/27/27 Blend
67$12,500,000$12,500,000$12,500,000$12,500,000
68$13,781,049$13,118,549$12,924,799$14,307,638
69$15,131,508$13,706,150$13,302,572$15,268,293
70$16,617,976$14,320,805$13,691,262$16,304,485
71$18,254,269$14,963,784$14,091,179$17,427,784
72$20,055,614$15,636,419$14,502,643$18,646,377
73$22,038,788$16,340,105$14,925,982$19,969,255
74$24,222,276$17,076,302$15,361,535$21,406,298
75$26,626,450$17,846,542$15,809,648$22,968,360
76$29,273,754$18,652,430$16,270,678$24,667,377
77$32,188,923$19,495,645$16,744,991$26,516,462
78$35,399,210$20,377,948$17,232,966$28,530,037
79$38,934,648$21,301,186$17,734,988$30,723,956
80$42,828,329$22,267,291$18,251,458$33,115,653
81$47,116,720$23,278,289$18,782,782$35,724,301
82$51,840,003$24,336,303$19,329,383$38,570,990
83$57,042,458$25,443,557$19,891,693$41,678,916
84$62,772,880$26,602,382$20,470,155$45,073,598
85$69,085,035$27,815,220$21,065,227$48,783,111
86$76,038,173$29,084,631$21,677,377$52,838,347
87$83,697,586$30,413,297$22,307,087$57,273,296
88$92,135,219$31,804,028$22,954,854$62,125,364
89$101,430,356$33,259,770$23,621,187$67,435,718
90$111,670,363$34,783,610$24,306,607$73,249,667
91$122,951,516$36,378,782$25,011,654$79,617,080
92$135,379,905$38,048,677$25,736,880$86,592,852
93$149,072,442$39,796,848$26,482,851$94,237,412
94$164,157,956$41,627,019$27,250,152$102,617,285
95$180,778,417$43,543,092$28,039,381$111,805,710
96$199,090,269$45,549,158$28,851,154$121,883,323
97$219,265,913$47,649,503$29,686,104$132,938,908
98$241,495,329$49,848,621$30,544,881$145,070,224
99$265,987,870$52,151,221$31,428,152$158,384,916
100$292,974,240$54,562,239$32,336,603$173,001,523