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

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$984,720
2 years$511,009$501,492$492,268$483,326$474,651$462,527
3 years$337,289$327,731$318,530$309,671$301,138$289,314
4 years$250,446$240,917$231,808$223,101$214,774$203,341
5 years$198,353$188,882$179,893$171,363$163,268$152,259
6 years$163,636$154,236$145,380$137,040$129,188$118,616
7 years$138,848$129,527$120,812$112,668$105,065$94,934
8 years$120,266$111,029$102,458$94,515$87,161$77,472
9 years$105,820$96,670$88,247$80,506$73,402$64,150
10 years$94,271$85,210$76,936$69,397$62,543$53,720
11 years$84,827$75,858$67,733$60,396$53,789$45,389
12 years$76,963$68,086$60,111$52,975$46,612$38,626
13 years$70,314$61,530$53,705$46,769$40,647$33,064
14 years$64,620$55,929$48,255$41,516$35,631$28,440
15 years$59,690$51,092$43,567$37,025$31,372$24,562
16 years$55,380$46,876$39,500$33,152$27,727$21,285
17 years$51,581$43,171$35,944$29,787$24,584$18,499
18 years$48,208$39,892$32,812$26,844$21,859$16,117
19 years$45,193$36,971$30,038$24,256$19,484$14,072
20 years$42,484$34,356$27,567$21,968$17,403$12,308
21 years$40,035$32,001$25,356$19,938$15,574$10,782
22 years$37,812$29,872$23,370$18,128$13,960$9,459
23 years$35,786$27,938$21,578$16,509$12,531$8,307
24 years$33,931$26,176$19,956$15,058$11,263$7,303
25 years$32,227$24,565$18,483$13,752$10,135$6,427
26 years$30,657$23,087$17,142$12,574$9,129$5,660
27 years$29,205$21,728$15,918$11,509$8,231$4,988
28 years$27,860$20,474$14,798$10,545$7,427$4,398
29 years$26,609$19,315$13,771$9,670$6,706$3,880
30 years$25,445$18,241$12,827$8,874$6,060$3,425
31 years$24,357$17,244$11,958$8,150$5,478$3,024
32 years$23,340$16,316$11,157$7,490$4,956$2,671
33 years$22,386$15,452$10,418$6,888$4,485$2,360
34 years$21,490$14,645$9,734$6,338$4,061$2,086
35 years$20,647$13,890$9,100$5,834$3,678$1,844
36 years$19,853$13,184$8,513$5,373$3,332$1,631
37 years$19,103$12,522$7,968$4,951$3,020$1,443
38 years$18,395$11,900$7,462$4,563$2,738$1,276
39 years$17,725$11,316$6,991$4,207$2,483$1,129
40 years$17,089$10,766$6,552$3,881$2,252$999
41 years$16,487$10,248$6,144$3,580$2,043$884
42 years$15,914$9,760$5,763$3,304$1,854$782
43 years$15,370$9,299$5,408$3,050$1,683$693
44 years$14,852$8,864$5,077$2,816$1,527$613
45 years$14,358$8,453$4,767$2,601$1,387$543
46 years$13,887$8,064$4,477$2,403$1,259$480
47 years$13,438$7,695$4,206$2,220$1,143$425
48 years$13,008$7,346$3,953$2,051$1,038$377
49 years$12,597$7,015$3,715$1,896$943$333
50 years$12,204$6,701$3,493$1,752$856$295

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 $5,652 every year, while hoping to spend $27,252 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: 62/25/13 Blend
67$12,500,000$12,500,000$12,500,000$12,500,000
68$13,780,830$13,118,330$12,924,580$14,591,913
69$15,157,479$13,732,132$13,328,558$15,750,521
70$16,673,632$14,375,097$13,745,155$17,011,080
71$18,343,491$15,048,626$14,174,766$18,386,423
72$20,182,704$15,754,185$14,617,798$19,887,681
73$22,208,514$16,493,315$15,074,668$21,527,095
74$24,439,923$17,267,627$15,545,810$23,318,129
75$26,897,869$18,078,815$16,031,668$25,275,593
76$29,605,425$18,928,650$16,532,703$27,415,777
77$32,588,017$19,818,993$17,049,387$29,756,605
78$35,873,663$20,751,792$17,582,209$32,317,797
79$39,493,238$21,729,090$18,131,674$35,121,052
80$43,480,763$22,753,031$18,698,300$38,190,246
81$47,873,731$23,825,860$19,282,624$41,551,656
82$52,713,457$24,949,932$19,885,197$45,234,203
83$58,045,468$26,127,717$20,506,590$49,269,716
84$63,919,934$27,361,804$21,147,389$53,693,233
85$70,392,142$28,654,906$21,808,200$58,543,319
86$77,523,014$30,009,870$22,489,649$63,862,432
87$85,379,687$31,429,680$23,192,378$69,697,309
88$94,036,146$32,917,464$23,917,053$76,099,410
89$103,573,916$34,476,504$24,664,358$83,125,390
90$114,082,841$36,110,237$25,434,999$90,837,630
91$125,661,924$37,822,272$26,229,705$99,304,816
92$138,420,266$39,616,390$27,049,226$108,602,584
93$152,478,095$41,496,555$27,894,337$118,814,223
94$167,967,901$43,466,926$28,765,837$130,031,451
95$185,035,683$45,531,862$29,664,549$142,355,277
96$203,842,333$47,695,934$30,591,322$155,896,940
97$224,565,152$49,963,935$31,547,032$170,778,955
98$247,399,521$52,340,891$32,532,581$187,136,253
99$272,560,751$54,832,074$33,548,901$205,117,452
100$300,286,110$57,443,008$34,596,952$224,886,239