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%11.6%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,005,912
2 years$519,185$509,516$500,145$491,059$482,246$475,384
3 years$342,685$332,974$323,627$314,626$305,956$299,249
4 years$254,453$244,771$235,517$226,670$218,211$211,709
5 years$201,527$191,904$182,771$174,105$165,880$159,604
6 years$166,255$156,704$147,706$139,233$131,255$125,212
7 years$141,070$131,600$122,745$114,471$106,746$100,939
8 years$122,190$112,805$104,097$96,027$88,556$82,985
9 years$107,513$98,217$89,659$81,794$74,577$69,241
10 years$95,779$86,574$78,167$70,507$63,543$58,440
11 years$86,184$77,071$68,817$61,362$54,649$49,774
12 years$78,195$69,175$61,073$53,823$47,358$42,707
13 years$71,439$62,514$54,565$47,517$41,297$36,865
14 years$65,654$56,824$49,027$42,181$36,201$31,983
15 years$60,645$51,909$44,264$37,618$31,874$27,865
16 years$56,266$47,626$40,132$33,683$28,170$24,364
17 years$52,406$43,862$36,519$30,264$24,978$21,368
18 years$48,979$40,530$33,337$27,274$22,209$18,789
19 years$45,916$37,563$30,518$24,644$19,795$16,559
20 years$43,163$34,905$28,008$22,320$17,682$14,622
21 years$40,676$32,513$25,762$20,257$15,823$12,934
22 years$38,417$30,350$23,744$18,418$14,183$11,457
23 years$36,358$28,385$21,923$16,774$12,732$10,163
24 years$34,474$26,595$20,275$15,299$11,443$9,025
25 years$32,743$24,958$18,779$13,972$10,297$8,022
26 years$31,147$23,457$17,417$12,775$9,276$7,137
27 years$29,672$22,076$16,173$11,693$8,363$6,355
28 years$28,306$20,802$15,035$10,713$7,546$5,662
29 years$27,035$19,624$13,991$9,824$6,814$5,048
30 years$25,852$18,533$13,032$9,016$6,157$4,503
31 years$24,747$17,520$12,150$8,281$5,566$4,019
32 years$23,713$16,577$11,336$7,610$5,035$3,589
33 years$22,744$15,699$10,584$6,998$4,557$3,205
34 years$21,834$14,879$9,889$6,439$4,126$2,864
35 years$20,977$14,112$9,246$5,927$3,737$2,560
36 years$20,171$13,395$8,649$5,459$3,386$2,288
37 years$19,409$12,722$8,095$5,030$3,068$2,046
38 years$18,689$12,090$7,581$4,636$2,782$1,830
39 years$18,008$11,497$7,103$4,275$2,523$1,637
40 years$17,363$10,938$6,657$3,943$2,288$1,465
41 years$16,751$10,412$6,242$3,638$2,076$1,311
42 years$16,169$9,916$5,856$3,357$1,884$1,173
43 years$15,616$9,448$5,495$3,099$1,710$1,050
44 years$15,089$9,006$5,158$2,861$1,552$940
45 years$14,588$8,588$4,843$2,643$1,409$842
46 years$14,109$8,193$4,549$2,441$1,279$754
47 years$13,653$7,818$4,273$2,255$1,161$675
48 years$13,216$7,464$4,016$2,084$1,055$604
49 years$12,799$7,127$3,775$1,926$958$541
50 years$12,400$6,808$3,549$1,780$870$485

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 $4,211 every year, while hoping to spend $24,824 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: 56/39/5 Blend
67$12,700,000$12,700,000$12,700,000$12,700,000
68$13,999,744$13,326,644$13,129,794$14,769,729
69$15,401,305$13,953,237$13,543,229$15,914,766
70$16,944,994$14,609,701$13,969,683$17,158,075
71$18,645,280$15,297,473$14,409,564$18,511,528
72$20,518,111$16,018,062$14,863,297$19,985,605
73$22,581,057$16,773,045$15,331,316$21,591,818
74$24,853,482$17,564,082$15,814,072$23,342,817
75$27,356,722$18,392,907$16,312,029$25,252,505
76$30,114,291$19,261,343$16,825,666$27,336,162
77$33,152,099$20,171,298$17,355,475$29,610,584
78$36,498,696$21,124,775$17,901,967$32,094,236
79$40,185,546$22,123,873$18,465,666$34,807,421
80$44,247,321$23,170,791$19,047,115$37,772,463
81$48,722,226$24,267,839$19,646,872$41,013,913
82$53,652,365$25,417,434$20,265,513$44,558,774
83$59,084,133$26,622,115$20,903,634$48,436,745
84$65,068,656$27,884,540$21,561,848$52,680,498
85$71,662,276$29,207,500$22,240,787$57,325,977
86$78,927,079$30,593,918$22,941,104$62,412,725
87$86,931,482$32,046,861$23,663,472$67,984,253
88$95,750,880$33,569,544$24,408,585$74,088,442
89$105,468,357$35,165,339$25,177,160$80,777,980
90$116,175,470$36,837,781$25,969,935$88,110,853
91$127,973,112$38,590,577$26,787,672$96,150,881
92$140,972,467$40,427,613$27,631,158$104,968,309
93$155,296,060$42,352,967$28,501,202$114,640,457
94$171,078,907$44,370,911$29,398,641$125,252,441
95$188,469,797$46,485,928$30,324,338$136,897,958
96$207,632,696$48,702,717$31,279,182$149,680,164
97$228,748,288$51,026,207$32,264,092$163,712,625
98$252,015,687$53,461,566$33,280,013$179,120,385
99$277,654,316$56,014,211$34,327,922$196,041,118
100$305,905,976$58,689,827$35,408,827$214,626,424