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%17.1%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$967,964
2 years$511,009$501,492$492,268$483,326$474,651$445,861
3 years$337,289$327,731$318,530$309,671$301,138$273,263
4 years$250,446$240,917$231,808$223,101$214,774$188,028
5 years$198,353$188,882$179,893$171,363$163,268$137,724
6 years$163,636$154,236$145,380$137,040$129,188$104,870
7 years$138,848$129,527$120,812$112,668$105,065$81,972
8 years$120,266$111,029$102,458$94,515$87,161$65,281
9 years$105,820$96,670$88,247$80,506$73,402$52,712
10 years$94,271$85,210$76,936$69,397$62,543$43,014
11 years$84,827$75,858$67,733$60,396$53,789$35,390
12 years$76,963$68,086$60,111$52,975$46,612$29,307
13 years$70,314$61,530$53,705$46,769$40,647$24,396
14 years$64,620$55,929$48,255$41,516$35,631$20,395
15 years$59,690$51,092$43,567$37,025$31,372$17,109
16 years$55,380$46,876$39,500$33,152$27,727$14,393
17 years$51,581$43,171$35,944$29,787$24,584$12,137
18 years$48,208$39,892$32,812$26,844$21,859$10,255
19 years$45,193$36,971$30,038$24,256$19,484$8,679
20 years$42,484$34,356$27,567$21,968$17,403$7,355
21 years$40,035$32,001$25,356$19,938$15,574$6,241
22 years$37,812$29,872$23,370$18,128$13,960$5,300
23 years$35,786$27,938$21,578$16,509$12,531$4,505
24 years$33,931$26,176$19,956$15,058$11,263$3,832
25 years$32,227$24,565$18,483$13,752$10,135$3,261
26 years$30,657$23,087$17,142$12,574$9,129$2,777
27 years$29,205$21,728$15,918$11,509$8,231$2,366
28 years$27,860$20,474$14,798$10,545$7,427$2,016
29 years$26,609$19,315$13,771$9,670$6,706$1,719
30 years$25,445$18,241$12,827$8,874$6,060$1,465
31 years$24,357$17,244$11,958$8,150$5,478$1,250
32 years$23,340$16,316$11,157$7,490$4,956$1,066
33 years$22,386$15,452$10,418$6,888$4,485$910
34 years$21,490$14,645$9,734$6,338$4,061$776
35 years$20,647$13,890$9,100$5,834$3,678$662
36 years$19,853$13,184$8,513$5,373$3,332$565
37 years$19,103$12,522$7,968$4,951$3,020$483
38 years$18,395$11,900$7,462$4,563$2,738$412
39 years$17,725$11,316$6,991$4,207$2,483$352
40 years$17,089$10,766$6,552$3,881$2,252$300
41 years$16,487$10,248$6,144$3,580$2,043$256
42 years$15,914$9,760$5,763$3,304$1,854$219
43 years$15,370$9,299$5,408$3,050$1,683$187
44 years$14,852$8,864$5,077$2,816$1,527$160
45 years$14,358$8,453$4,767$2,601$1,387$136
46 years$13,887$8,064$4,477$2,403$1,259$116
47 years$13,438$7,695$4,206$2,220$1,143$99
48 years$13,008$7,346$3,953$2,051$1,038$85
49 years$12,597$7,015$3,715$1,896$943$72
50 years$12,204$6,701$3,493$1,752$856$62

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 $3,192 every year, while hoping to spend $27,818 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: 40/34/26 Blend
67$12,500,000$12,500,000$12,500,000$12,500,000
68$13,778,293$13,115,793$12,922,043$14,223,414
69$15,154,080$13,728,868$13,325,333$15,159,065
70$16,669,266$14,371,052$13,741,201$16,167,810
71$18,338,039$15,043,742$14,170,039$17,258,623
72$20,176,035$15,748,401$14,612,251$18,439,028
73$22,200,483$16,486,565$15,068,254$19,717,279
74$24,430,369$17,259,844$15,538,478$21,102,434
75$26,886,615$18,069,924$16,023,365$22,604,437
76$29,592,275$18,918,576$16,523,373$24,234,203
77$32,572,754$19,807,653$17,038,973$26,003,720
78$35,856,047$20,739,100$17,570,651$27,926,152
79$39,473,003$21,714,956$18,118,907$30,015,958
80$43,457,618$22,737,357$18,684,258$32,289,025
81$47,847,352$23,808,544$19,267,238$34,762,809
82$52,683,485$24,930,866$19,868,394$37,456,490
83$58,011,510$26,106,788$20,488,294$40,391,153
84$63,881,553$27,338,890$21,127,521$43,589,972
85$70,348,856$28,629,880$21,786,678$47,078,424
86$77,474,293$29,982,598$22,466,385$50,884,522
87$85,324,945$31,400,019$23,167,283$55,039,070
88$93,974,733$32,885,264$23,890,031$59,575,942
89$103,505,120$34,441,606$24,635,311$64,532,396
90$114,005,872$36,072,474$25,403,824$69,949,415
91$125,575,913$37,781,467$26,196,294$75,872,082
92$138,324,253$39,572,357$27,013,467$82,349,993
93$152,371,022$41,449,097$27,856,113$89,437,720
94$167,848,598$43,415,834$28,725,025$97,195,307
95$184,902,862$45,476,918$29,621,021$105,688,830
96$203,694,574$47,636,906$30,544,944$114,991,004
97$224,400,886$49,900,580$31,497,665$125,181,856
98$247,217,019$52,272,952$32,480,080$136,349,470
99$272,358,107$54,759,278$33,493,115$148,590,798
100$300,061,221$57,365,070$34,537,721$162,012,566