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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.9%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,004,194
2 years$523,273$513,528$504,083$494,925$486,043$469,469
3 years$345,384$335,596$326,175$317,104$308,366$292,229
4 years$256,456$246,699$237,372$228,455$219,929$204,355
5 years$203,114$193,415$184,210$175,476$167,186$152,220
6 years$167,564$157,938$148,869$140,329$132,289$117,946
7 years$142,181$132,636$123,711$115,372$107,586$93,872
8 years$123,152$113,693$104,917$96,783$89,253$76,165
9 years$108,360$98,991$90,365$82,438$75,164$62,695
10 years$96,533$87,255$78,782$71,062$64,044$52,184
11 years$86,863$77,678$69,359$61,845$55,080$43,816
12 years$78,810$69,720$61,554$54,247$47,731$37,050
13 years$72,002$63,006$54,994$47,892$41,622$31,508
14 years$66,171$57,271$49,413$42,513$36,486$26,921
15 years$61,122$52,318$44,613$37,914$32,125$23,092
16 years$56,709$48,001$40,448$33,948$28,392$19,873
17 years$52,819$44,207$36,806$30,502$25,174$17,150
18 years$49,365$40,849$33,599$27,488$22,384$14,834
19 years$46,278$37,859$30,759$24,838$19,951$12,857
20 years$43,503$35,180$28,229$22,496$17,821$11,163
21 years$40,996$32,769$25,965$20,416$15,948$9,706
22 years$38,720$30,589$23,931$18,563$14,295$8,450
23 years$36,645$28,609$22,096$16,906$12,832$7,364
24 years$34,745$26,805$20,435$15,419$11,534$6,424
25 years$33,000$25,155$18,927$14,082$10,378$5,609
26 years$31,392$23,642$17,554$12,875$9,349$4,900
27 years$29,906$22,249$16,300$11,785$8,428$4,284
28 years$28,528$20,966$15,153$10,798$7,605$3,747
29 years$27,248$19,779$14,101$9,902$6,867$3,279
30 years$26,055$18,679$13,135$9,087$6,205$2,871
31 years$24,942$17,658$12,245$8,346$5,610$2,514
32 years$23,900$16,708$11,425$7,670$5,075$2,202
33 years$22,923$15,822$10,668$7,053$4,592$1,930
34 years$22,006$14,996$9,967$6,490$4,158$1,691
35 years$21,143$14,224$9,319$5,974$3,766$1,483
36 years$20,329$13,500$8,717$5,502$3,412$1,300
37 years$19,562$12,822$8,159$5,069$3,093$1,140
38 years$18,837$12,186$7,641$4,673$2,804$1,000
39 years$18,150$11,587$7,159$4,308$2,543$877
40 years$17,500$11,024$6,710$3,974$2,306$770
41 years$16,882$10,494$6,292$3,666$2,092$675
42 years$16,296$9,994$5,902$3,384$1,898$592
43 years$15,739$9,523$5,538$3,123$1,723$520
44 years$15,208$9,077$5,198$2,884$1,564$456
45 years$14,703$8,656$4,881$2,663$1,420$400
46 years$14,220$8,257$4,584$2,460$1,289$351
47 years$13,760$7,880$4,307$2,273$1,171$308
48 years$13,320$7,522$4,047$2,100$1,063$271
49 years$12,900$7,184$3,804$1,941$965$238
50 years$12,497$6,862$3,577$1,794$877$209

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 $2,555 every year, while hoping to spend $32,357 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: 35/43/22 Blend
67$12,800,000$12,800,000$12,800,000$12,800,000
68$14,108,235$13,429,835$13,231,435$14,507,605
69$15,512,848$14,053,470$13,640,261$15,425,998
70$17,059,646$14,706,578$14,061,698$16,413,088
71$18,763,100$15,390,569$14,496,134$17,477,487
72$20,639,151$16,106,923$14,943,970$18,626,104
73$22,705,370$16,857,187$15,405,618$19,866,508
74$24,981,115$17,642,987$15,881,504$21,206,994
75$27,487,720$18,466,024$16,372,065$22,656,659
76$30,248,692$19,328,084$16,877,754$24,225,478
77$33,289,936$20,231,038$17,399,036$25,924,392
78$36,639,997$21,176,846$17,936,392$27,765,404
79$40,330,331$22,167,566$18,490,315$29,761,687
80$44,395,600$23,205,352$19,061,316$31,927,698
81$48,874,001$24,292,464$19,649,919$34,279,310
82$53,807,625$25,431,271$20,256,668$36,833,948
83$59,242,856$26,624,256$20,882,120$39,610,749
84$65,230,807$27,874,024$21,526,850$42,630,734
85$71,827,802$29,183,304$22,191,452$45,916,993
86$79,095,909$30,554,957$22,876,537$49,494,896
87$87,103,525$31,991,983$23,582,734$53,392,319
88$95,926,023$33,497,529$24,310,694$57,639,901
89$105,646,461$35,074,892$25,061,086$62,271,317
90$116,356,367$36,727,528$25,834,600$67,323,585
91$128,156,604$38,459,064$26,631,946$72,837,406
92$141,158,319$40,273,300$27,453,858$78,857,531
93$155,483,995$42,174,220$28,301,090$85,433,170
94$171,268,608$44,166,002$29,174,422$92,618,444
95$188,660,897$46,253,027$30,074,656$100,472,881
96$207,824,771$48,439,887$31,002,619$109,061,961
97$228,940,853$50,731,398$31,959,163$118,457,716
98$252,208,192$53,132,608$32,945,167$128,739,396
99$277,846,134$55,648,812$33,961,536$139,994,197
100$306,096,396$58,285,560$35,009,204$152,318,066