Can I retire at age 68 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,017,922
2 years$527,361$517,540$508,021$498,792$489,840$479,022
3 years$348,082$338,218$328,723$319,581$310,775$300,216
4 years$258,460$248,626$239,226$230,240$221,647$211,430
5 years$204,701$194,926$185,649$176,846$168,493$158,647
6 years$168,873$159,172$150,032$141,425$133,322$123,860
7 years$143,292$133,672$124,678$116,274$108,427$99,352
8 years$124,114$114,582$105,736$97,539$89,951$81,263
9 years$109,207$99,764$91,071$83,082$75,751$67,447
10 years$97,287$87,937$79,398$71,617$64,544$56,619
11 years$87,542$78,285$69,900$62,328$55,510$47,957
12 years$79,426$70,265$62,035$54,670$48,104$40,915
13 years$72,564$63,499$55,424$48,266$41,947$35,114
14 years$66,688$57,718$49,799$42,845$36,771$30,284
15 years$61,600$52,727$44,962$38,210$32,376$26,225
16 years$57,152$48,376$40,764$34,213$28,614$22,790
17 years$53,231$44,552$37,094$30,740$25,371$19,862
18 years$49,750$41,168$33,862$27,703$22,559$17,354
19 years$46,639$38,154$30,999$25,032$20,107$15,196
20 years$43,843$35,455$28,449$22,671$17,960$13,330
21 years$41,316$33,025$26,168$20,576$16,072$11,713
22 years$39,022$30,828$24,118$18,708$14,407$10,306
23 years$36,931$28,832$22,268$17,038$12,932$9,079
24 years$35,017$27,014$20,595$15,539$11,624$8,007
25 years$33,258$25,351$19,075$14,192$10,460$7,068
26 years$31,638$23,826$17,691$12,976$9,422$6,244
27 years$30,140$22,423$16,427$11,877$8,494$5,520
28 years$28,751$21,129$15,271$10,882$7,665$4,883
29 years$27,461$19,933$14,211$9,979$6,921$4,322
30 years$26,259$18,825$13,237$9,158$6,254$3,828
31 years$25,136$17,796$12,341$8,411$5,654$3,391
32 years$24,086$16,838$11,514$7,730$5,114$3,005
33 years$23,102$15,946$10,751$7,108$4,628$2,664
34 years$22,178$15,113$10,045$6,540$4,190$2,363
35 years$21,308$14,335$9,391$6,021$3,795$2,096
36 years$20,488$13,606$8,785$5,545$3,439$1,860
37 years$19,715$12,922$8,223$5,109$3,117$1,650
38 years$18,984$12,281$7,700$4,709$2,826$1,465
39 years$18,292$11,678$7,214$4,342$2,562$1,300
40 years$17,636$11,111$6,762$4,005$2,324$1,155
41 years$17,014$10,576$6,341$3,695$2,109$1,025
42 years$16,424$10,072$5,948$3,410$1,913$911
43 years$15,862$9,597$5,581$3,148$1,736$809
44 years$15,327$9,148$5,239$2,907$1,576$718
45 years$14,817$8,723$4,919$2,684$1,431$638
46 years$14,332$8,322$4,620$2,479$1,299$567
47 years$13,868$7,941$4,341$2,291$1,180$504
48 years$13,424$7,581$4,079$2,117$1,071$448
49 years$13,001$7,240$3,834$1,956$973$398
50 years$12,595$6,916$3,605$1,808$884$353

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $12,900,000, adding $5,930 every year, while hoping to spend $22,545 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: 81/10/9 Blend
67$12,900,000$12,900,000$12,900,000$12,900,000
68$14,221,917$13,538,217$13,338,267$15,355,031
69$15,648,565$14,177,602$13,761,111$16,737,614
70$17,219,975$14,847,561$14,197,365$18,251,211
71$18,950,890$15,549,569$14,647,454$19,911,836
72$20,857,554$16,285,171$15,111,817$21,734,193
73$22,957,868$17,055,988$15,590,907$23,734,472
74$25,271,559$17,863,720$16,085,191$25,930,503
75$27,820,365$18,710,149$16,595,151$28,341,922
76$30,628,238$19,597,142$17,121,285$30,990,352
77$33,721,575$20,526,659$17,664,105$33,899,609
78$37,129,465$21,500,754$18,224,141$37,095,922
79$40,883,960$22,521,581$18,801,940$40,608,178
80$45,020,384$23,591,399$19,398,064$44,468,198
81$49,577,660$24,712,574$20,013,096$48,711,029
82$54,598,681$25,887,590$20,647,636$53,375,273
83$60,130,717$27,119,052$21,302,301$58,503,455
84$66,225,853$28,409,689$21,977,731$64,142,414
85$72,941,490$29,762,363$22,674,585$70,343,748
86$80,340,881$31,180,078$23,393,543$77,164,297
87$88,493,729$32,665,981$24,135,305$84,666,675
88$97,476,848$34,223,372$24,900,596$92,919,859
89$107,374,882$35,855,713$25,690,162$101,999,840
90$118,281,111$37,566,634$26,504,774$111,990,332
91$130,298,326$39,359,941$27,345,225$122,983,563
92$143,539,802$41,239,625$28,212,337$135,081,138
93$158,130,367$43,209,871$29,106,955$148,394,999
94$174,207,579$45,275,069$30,029,952$163,048,475
95$191,923,025$47,439,821$30,982,229$179,177,444
96$211,443,755$49,708,953$31,964,715$196,931,609
97$232,953,853$52,087,527$32,978,368$216,475,908
98$256,656,181$54,580,851$34,024,178$237,992,069
99$282,774,289$57,194,490$35,103,166$261,680,315
100$311,554,528$59,934,281$36,216,383$287,761,255