Can I retire at age 68 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$980,298
2 years$519,185$509,516$500,145$491,059$482,246$449,884
3 years$342,685$332,974$323,627$314,626$305,956$274,667
4 years$254,453$244,771$235,517$226,670$218,211$188,233
5 years$201,527$191,904$182,771$174,105$165,880$137,294
6 years$166,255$156,704$147,706$139,233$131,255$104,086
7 years$141,070$131,600$122,745$114,471$106,746$80,989
8 years$122,190$112,805$104,097$96,027$88,556$64,195
9 years$107,513$98,217$89,659$81,794$74,577$51,583
10 years$95,779$86,574$78,167$70,507$63,543$41,883
11 years$86,184$77,071$68,817$61,362$54,649$34,282
12 years$78,195$69,175$61,073$53,823$47,358$28,239
13 years$71,439$62,514$54,565$47,517$41,297$23,381
14 years$65,654$56,824$49,027$42,181$36,201$19,438
15 years$60,645$51,909$44,264$37,618$31,874$16,214
16 years$56,266$47,626$40,132$33,683$28,170$13,562
17 years$52,406$43,862$36,519$30,264$24,978$11,370
18 years$48,979$40,530$33,337$27,274$22,209$9,549
19 years$45,916$37,563$30,518$24,644$19,795$8,033
20 years$43,163$34,905$28,008$22,320$17,682$6,767
21 years$40,676$32,513$25,762$20,257$15,823$5,706
22 years$38,417$30,350$23,744$18,418$14,183$4,816
23 years$36,358$28,385$21,923$16,774$12,732$4,068
24 years$34,474$26,595$20,275$15,299$11,443$3,438
25 years$32,743$24,958$18,779$13,972$10,297$2,907
26 years$31,147$23,457$17,417$12,775$9,276$2,460
27 years$29,672$22,076$16,173$11,693$8,363$2,082
28 years$28,306$20,802$15,035$10,713$7,546$1,763
29 years$27,035$19,624$13,991$9,824$6,814$1,493
30 years$25,852$18,533$13,032$9,016$6,157$1,264
31 years$24,747$17,520$12,150$8,281$5,566$1,071
32 years$23,713$16,577$11,336$7,610$5,035$908
33 years$22,744$15,699$10,584$6,998$4,557$769
34 years$21,834$14,879$9,889$6,439$4,126$652
35 years$20,977$14,112$9,246$5,927$3,737$553
36 years$20,171$13,395$8,649$5,459$3,386$469
37 years$19,409$12,722$8,095$5,030$3,068$397
38 years$18,689$12,090$7,581$4,636$2,782$337
39 years$18,008$11,497$7,103$4,275$2,523$286
40 years$17,363$10,938$6,657$3,943$2,288$242
41 years$16,751$10,412$6,242$3,638$2,076$205
42 years$16,169$9,916$5,856$3,357$1,884$174
43 years$15,616$9,448$5,495$3,099$1,710$148
44 years$15,089$9,006$5,158$2,861$1,552$125
45 years$14,588$8,588$4,843$2,643$1,409$106
46 years$14,109$8,193$4,549$2,441$1,279$90
47 years$13,653$7,818$4,273$2,255$1,161$76
48 years$13,216$7,464$4,016$2,084$1,055$65
49 years$12,799$7,127$3,775$1,926$958$55
50 years$12,400$6,808$3,549$1,780$870$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $12,700,000, adding $3,431 every year, while hoping to spend $31,797 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: 67/27/6 Blend
67$12,700,000$12,700,000$12,700,000$12,700,000
68$13,998,939$13,325,839$13,128,989$14,924,087
69$15,392,999$13,944,973$13,534,978$16,157,033
70$16,928,188$14,593,380$13,953,503$17,500,214
71$18,618,866$15,272,459$14,384,948$18,967,691
72$20,480,860$15,983,678$14,829,714$20,571,589
73$22,531,607$16,728,578$15,288,209$22,325,245
74$24,790,324$17,508,772$15,760,857$24,243,330
75$27,278,186$18,325,951$16,248,095$26,341,985
76$30,018,526$19,181,887$16,750,371$28,638,969
77$33,037,057$20,078,441$17,268,149$31,153,820
78$36,362,112$21,017,560$17,801,908$33,908,040
79$40,024,914$22,001,287$18,352,138$36,925,291
80$44,059,869$23,031,763$18,919,348$40,231,616
81$48,504,889$24,111,234$19,504,060$43,855,674
82$53,401,756$25,242,052$20,106,814$47,829,015
83$58,796,509$26,426,686$20,728,166$52,186,363
84$64,739,880$27,667,722$21,368,687$56,965,947
85$71,287,779$28,967,871$22,028,969$62,209,850
86$78,501,813$30,329,977$22,709,620$67,964,403
87$86,449,873$31,757,021$23,411,268$74,280,615
88$95,206,773$33,252,128$24,134,558$81,214,650
89$104,854,955$34,818,574$24,880,157$88,828,349
90$115,485,271$36,459,794$25,648,752$97,189,805
91$127,197,834$38,179,389$26,441,051$106,374,001
92$140,102,971$39,981,137$27,257,784$116,463,511
93$154,322,256$41,868,995$28,099,702$127,549,265
94$169,989,666$43,847,115$28,967,582$139,731,408
95$187,252,837$45,919,849$29,862,221$153,120,228
96$206,274,465$48,091,760$30,784,443$167,837,193
97$227,233,836$50,367,632$31,735,099$184,016,087
98$250,328,524$52,752,483$32,715,061$201,804,260
99$275,776,250$55,251,571$33,725,232$221,364,011
100$303,816,943$57,870,413$34,766,542$242,874,108