Can I retire at age 68 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$988,911
2 years$515,097$505,504$496,207$487,192$478,448$462,540
3 years$339,987$330,352$321,079$312,149$303,547$288,057
4 years$252,449$242,844$233,663$224,886$216,493$201,539
5 years$199,940$190,393$181,332$172,734$164,574$150,200
6 years$164,946$155,470$146,543$138,137$130,222$116,445
7 years$139,959$130,563$121,778$113,570$105,905$92,729
8 years$121,228$111,917$103,277$95,271$87,859$75,281
9 years$106,667$97,444$88,953$81,150$73,990$62,005
10 years$95,025$85,892$77,551$69,952$63,043$51,640
11 years$85,506$76,465$68,275$60,879$54,219$43,387
12 years$77,579$68,630$60,592$53,399$46,985$36,711
13 years$70,877$62,022$54,135$47,143$40,972$31,240
14 years$65,137$56,376$48,641$41,849$35,916$26,710
15 years$60,167$51,501$43,916$37,322$31,623$22,927
16 years$55,823$47,251$39,816$33,417$27,949$19,744
17 years$51,993$43,516$36,231$30,025$24,781$17,051
18 years$48,593$40,211$33,074$27,059$22,034$14,760
19 years$45,555$37,267$30,278$24,450$19,640$12,802
20 years$42,823$34,630$27,788$22,144$17,542$11,123
21 years$40,355$32,257$25,559$20,097$15,698$9,678
22 years$38,115$30,111$23,557$18,273$14,071$8,432
23 years$36,072$28,162$21,751$16,642$12,631$7,355
24 years$34,202$26,386$20,116$15,178$11,353$6,421
25 years$32,485$24,762$18,631$13,862$10,216$5,610
26 years$30,902$23,272$17,279$12,674$9,202$4,905
27 years$29,439$21,902$16,045$11,601$8,297$4,292
28 years$28,083$20,638$14,916$10,629$7,486$3,757
29 years$26,822$19,470$13,881$9,747$6,760$3,290
30 years$25,648$18,387$12,930$8,945$6,108$2,883
31 years$24,552$17,382$12,054$8,216$5,522$2,527
32 years$23,526$16,447$11,246$7,550$4,995$2,216
33 years$22,565$15,575$10,501$6,943$4,521$1,943
34 years$21,662$14,762$9,811$6,388$4,093$1,704
35 years$20,812$14,001$9,173$5,881$3,707$1,496
36 years$20,012$13,289$8,581$5,416$3,359$1,312
37 years$19,256$12,622$8,032$4,990$3,044$1,152
38 years$18,542$11,995$7,521$4,600$2,760$1,011
39 years$17,867$11,406$7,047$4,241$2,503$888
40 years$17,226$10,852$6,605$3,912$2,270$780
41 years$16,619$10,330$6,193$3,609$2,060$685
42 years$16,042$9,838$5,810$3,331$1,869$601
43 years$15,493$9,374$5,451$3,075$1,696$528
44 years$14,971$8,935$5,117$2,839$1,540$464
45 years$14,473$8,520$4,805$2,622$1,398$407
46 years$13,998$8,128$4,513$2,422$1,269$358
47 years$13,545$7,757$4,240$2,237$1,152$314
48 years$13,112$7,405$3,984$2,068$1,046$276
49 years$12,698$7,071$3,745$1,911$950$243
50 years$12,302$6,755$3,521$1,766$863$213

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $12,600,000, adding $3,773 every year, while hoping to spend $36,309 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: 46/31/23 Blend
67$12,600,000$12,600,000$12,600,000$12,600,000
68$13,889,092$13,221,292$13,025,992$14,436,162
69$15,267,147$13,830,503$13,423,730$15,430,348
70$16,784,546$14,468,348$13,833,576$16,504,476
71$18,455,465$15,136,192$14,255,896$17,669,150
72$20,295,523$15,835,466$14,691,069$18,932,843
73$22,321,932$16,567,669$15,139,485$20,304,858
74$24,553,656$17,334,372$15,601,545$21,795,418
75$27,011,595$18,137,223$16,077,663$23,415,751
76$29,718,778$18,977,947$16,568,265$25,178,192
77$32,700,582$19,858,355$17,073,790$27,096,299
78$35,984,970$20,780,343$17,594,691$29,184,972
79$39,602,757$21,745,900$18,131,433$31,460,589
80$43,587,899$22,757,110$18,684,497$33,941,154
81$47,977,814$23,816,157$19,254,376$36,646,464
82$52,813,734$24,925,332$19,841,581$39,598,286
83$58,141,097$26,087,035$20,446,636$42,820,559
84$64,009,973$27,303,784$21,070,082$46,339,611
85$70,475,536$28,578,215$21,712,476$50,184,402
86$77,598,587$29,913,094$22,374,391$54,386,789
87$85,446,129$31,311,321$23,056,418$58,981,819
88$94,091,992$32,775,934$23,759,166$64,008,053
89$103,617,540$34,310,120$24,483,263$69,507,921
90$114,112,431$35,917,218$25,229,355$75,528,111
91$125,675,467$37,600,729$25,998,106$82,120,005
92$138,415,525$39,364,325$26,790,203$89,340,152
93$152,452,585$41,211,854$27,606,351$97,250,793
94$167,918,864$43,147,350$28,447,279$105,920,434
95$184,960,061$45,175,043$29,313,736$115,424,489
96$203,736,735$47,299,367$30,206,493$125,845,972
97$224,425,817$49,524,972$31,126,346$137,276,277
98$247,222,286$51,856,731$32,074,115$149,816,019
99$272,341,004$54,299,755$33,050,642$163,575,981
100$300,018,745$56,859,402$34,056,797$178,678,136