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%18.3%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$978,732
2 years$519,185$509,516$500,145$491,059$482,246$448,343
3 years$342,685$332,974$323,627$314,626$305,956$273,199
4 years$254,453$244,771$235,517$226,670$218,211$186,849
5 years$201,527$191,904$182,771$174,105$165,880$135,998
6 years$166,255$156,704$147,706$139,233$131,255$102,877
7 years$141,070$131,600$122,745$114,471$106,746$79,866
8 years$122,190$112,805$104,097$96,027$88,556$63,155
9 years$107,513$98,217$89,659$81,794$74,577$50,624
10 years$95,779$86,574$78,167$70,507$63,543$41,001
11 years$86,184$77,071$68,817$61,362$54,649$33,473
12 years$78,195$69,175$61,073$53,823$47,358$27,500
13 years$71,439$62,514$54,565$47,517$41,297$22,707
14 years$65,654$56,824$49,027$42,181$36,201$18,825
15 years$60,645$51,909$44,264$37,618$31,874$15,658
16 years$56,266$47,626$40,132$33,683$28,170$13,059
17 years$52,406$43,862$36,519$30,264$24,978$10,916
18 years$48,979$40,530$33,337$27,274$22,209$9,141
19 years$45,916$37,563$30,518$24,644$19,795$7,667
20 years$43,163$34,905$28,008$22,320$17,682$6,438
21 years$40,676$32,513$25,762$20,257$15,823$5,412
22 years$38,417$30,350$23,744$18,418$14,183$4,554
23 years$36,358$28,385$21,923$16,774$12,732$3,834
24 years$34,474$26,595$20,275$15,299$11,443$3,230
25 years$32,743$24,958$18,779$13,972$10,297$2,723
26 years$31,147$23,457$17,417$12,775$9,276$2,296
27 years$29,672$22,076$16,173$11,693$8,363$1,937
28 years$28,306$20,802$15,035$10,713$7,546$1,635
29 years$27,035$19,624$13,991$9,824$6,814$1,380
30 years$25,852$18,533$13,032$9,016$6,157$1,165
31 years$24,747$17,520$12,150$8,281$5,566$984
32 years$23,713$16,577$11,336$7,610$5,035$831
33 years$22,744$15,699$10,584$6,998$4,557$702
34 years$21,834$14,879$9,889$6,439$4,126$593
35 years$20,977$14,112$9,246$5,927$3,737$501
36 years$20,171$13,395$8,649$5,459$3,386$423
37 years$19,409$12,722$8,095$5,030$3,068$358
38 years$18,689$12,090$7,581$4,636$2,782$302
39 years$18,008$11,497$7,103$4,275$2,523$255
40 years$17,363$10,938$6,657$3,943$2,288$216
41 years$16,751$10,412$6,242$3,638$2,076$182
42 years$16,169$9,916$5,856$3,357$1,884$154
43 years$15,616$9,448$5,495$3,099$1,710$130
44 years$15,089$9,006$5,158$2,861$1,552$110
45 years$14,588$8,588$4,843$2,643$1,409$93
46 years$14,109$8,193$4,549$2,441$1,279$79
47 years$13,653$7,818$4,273$2,255$1,161$67
48 years$13,216$7,464$4,016$2,084$1,055$56
49 years$12,799$7,127$3,775$1,926$958$48
50 years$12,400$6,808$3,549$1,780$870$40

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 $5,119 every year, while hoping to spend $44,822 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: 64/29/7 Blend
67$12,700,000$12,700,000$12,700,000$12,700,000
68$14,000,680$13,327,580$13,130,730$14,878,294
69$15,381,059$13,932,941$13,522,919$16,068,712
70$16,900,735$14,566,463$13,926,745$17,362,570
71$18,573,868$15,229,478$14,342,549$18,774,501
72$20,416,062$15,923,382$14,770,684$20,315,960
73$22,444,511$16,649,638$15,211,512$21,999,546
74$24,678,161$17,409,781$15,665,408$23,839,114
75$27,137,890$18,205,416$16,132,755$25,849,906
76$29,846,701$19,038,228$16,613,949$28,048,686
77$32,829,944$19,909,981$17,109,396$30,453,899
78$36,115,553$20,822,525$17,619,516$33,085,841
79$39,734,309$21,777,797$18,144,738$35,966,840
80$43,720,128$22,777,829$18,685,507$39,121,468
81$48,110,389$23,824,750$19,242,279$42,576,767
82$52,946,276$24,920,791$19,815,523$46,362,498
83$58,273,176$26,068,289$20,405,723$50,511,416
84$64,141,100$27,269,695$21,013,375$55,059,576
85$70,605,161$28,527,579$21,638,991$60,046,666
86$77,726,088$29,844,631$22,283,098$65,516,373
87$85,570,805$31,223,674$22,946,238$71,516,797
88$94,213,057$32,667,664$23,628,967$78,100,888
89$103,734,111$34,179,702$24,331,860$85,326,946
90$114,223,519$35,763,036$25,055,506$93,259,163
91$125,779,966$37,421,073$25,800,513$101,968,218
92$138,512,198$39,157,381$26,567,506$111,531,941
93$152,540,052$40,975,702$27,357,127$122,036,033
94$167,995,585$42,879,959$28,170,038$133,574,874
95$185,024,320$44,874,263$29,006,920$146,252,399
96$203,786,622$46,962,923$29,868,473$160,183,071
97$224,459,208$49,150,456$30,755,417$175,492,951
98$247,236,817$51,441,599$31,668,494$192,320,882
99$272,334,050$53,841,315$32,608,466$210,819,781
100$299,987,392$56,354,808$33,576,118$231,158,076