Can I retire at age 68 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$980,193
2 years$523,273$513,528$504,083$494,925$486,043$445,745
3 years$345,384$335,596$326,175$317,104$308,366$269,535
4 years$256,456$246,699$237,372$228,455$219,929$182,862
5 years$203,114$193,415$184,210$175,476$167,186$131,977
6 years$167,564$157,938$148,869$140,329$132,289$98,960
7 years$142,181$132,636$123,711$115,372$107,586$76,125
8 years$123,152$113,693$104,917$96,783$89,253$59,628
9 years$108,360$98,991$90,365$82,438$75,164$47,330
10 years$96,533$87,255$78,782$71,062$64,044$37,947
11 years$86,863$77,678$69,359$61,845$55,080$30,659
12 years$78,810$69,720$61,554$54,247$47,731$24,920
13 years$72,002$63,006$54,994$47,892$41,622$20,353
14 years$66,171$57,271$49,413$42,513$36,486$16,686
15 years$61,122$52,318$44,613$37,914$32,125$13,721
16 years$56,709$48,001$40,448$33,948$28,392$11,312
17 years$52,819$44,207$36,806$30,502$25,174$9,345
18 years$49,365$40,849$33,599$27,488$22,384$7,732
19 years$46,278$37,859$30,759$24,838$19,951$6,407
20 years$43,503$35,180$28,229$22,496$17,821$5,314
21 years$40,996$32,769$25,965$20,416$15,948$4,412
22 years$38,720$30,589$23,931$18,563$14,295$3,666
23 years$36,645$28,609$22,096$16,906$12,832$3,048
24 years$34,745$26,805$20,435$15,419$11,534$2,536
25 years$33,000$25,155$18,927$14,082$10,378$2,110
26 years$31,392$23,642$17,554$12,875$9,349$1,757
27 years$29,906$22,249$16,300$11,785$8,428$1,463
28 years$28,528$20,966$15,153$10,798$7,605$1,219
29 years$27,248$19,779$14,101$9,902$6,867$1,015
30 years$26,055$18,679$13,135$9,087$6,205$846
31 years$24,942$17,658$12,245$8,346$5,610$705
32 years$23,900$16,708$11,425$7,670$5,075$588
33 years$22,923$15,822$10,668$7,053$4,592$490
34 years$22,006$14,996$9,967$6,490$4,158$409
35 years$21,143$14,224$9,319$5,974$3,766$341
36 years$20,329$13,500$8,717$5,502$3,412$284
37 years$19,562$12,822$8,159$5,069$3,093$237
38 years$18,837$12,186$7,641$4,673$2,804$197
39 years$18,150$11,587$7,159$4,308$2,543$165
40 years$17,500$11,024$6,710$3,974$2,306$137
41 years$16,882$10,494$6,292$3,666$2,092$115
42 years$16,296$9,994$5,902$3,384$1,898$95
43 years$15,739$9,523$5,538$3,123$1,723$80
44 years$15,208$9,077$5,198$2,884$1,564$66
45 years$14,703$8,656$4,881$2,663$1,420$55
46 years$14,220$8,257$4,584$2,460$1,289$46
47 years$13,760$7,880$4,307$2,273$1,171$39
48 years$13,320$7,522$4,047$2,100$1,063$32
49 years$12,900$7,184$3,804$1,941$965$27
50 years$12,497$6,862$3,577$1,794$877$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $12,800,000, adding $2,383 every year, while hoping to spend $49,812 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: 36/48/16 Blend
67$12,800,000$12,800,000$12,800,000$12,800,000
68$14,108,058$13,429,658$13,231,258$14,546,810
69$15,494,080$14,034,712$13,621,506$15,469,499
70$17,019,808$14,667,744$14,023,157$16,460,056
71$18,699,437$15,330,072$14,436,542$17,528,364
72$20,548,612$16,023,078$14,861,998$18,681,381
73$22,584,571$16,748,209$15,299,875$19,926,732
74$24,826,307$17,506,981$15,750,532$21,272,776
75$27,294,751$18,300,984$16,214,335$22,728,676
76$30,012,965$19,131,882$16,691,665$24,304,483
77$33,006,363$20,001,420$17,182,911$26,011,222
78$36,302,948$20,911,426$17,688,475$27,860,989
79$39,933,578$21,863,814$18,208,768$29,867,060
80$43,932,255$22,860,594$18,744,214$32,044,004
81$48,336,449$23,903,867$19,295,249$34,407,818
82$53,187,449$24,995,838$19,862,322$36,976,066
83$58,530,752$26,138,817$20,445,893$39,768,037
84$64,416,495$27,335,226$21,046,436$42,804,920
85$70,899,925$28,587,599$21,664,440$46,109,989
86$78,041,923$29,898,597$22,300,404$49,708,819
87$85,909,577$31,271,006$22,954,845$53,629,513
88$94,576,813$32,707,744$23,628,291$57,902,958
89$104,125,098$34,211,874$24,321,289$62,563,105
90$114,644,203$35,786,601$25,034,398$67,647,274
91$126,233,055$37,435,288$25,768,194$73,196,501
92$139,000,668$39,161,458$26,523,268$79,255,905
93$153,067,169$40,968,803$27,300,231$85,875,104
94$168,564,939$42,861,193$28,099,708$93,108,668
95$185,639,857$44,842,685$28,922,343$101,016,619
96$204,452,678$46,917,532$29,768,796$109,664,982
97$225,180,548$49,090,189$30,639,748$119,126,393
98$248,018,684$51,365,327$31,535,899$129,480,764
99$273,182,205$53,747,844$32,457,967$140,816,024
100$300,908,172$56,242,870$33,406,691$153,228,924