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%20%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$987,461
2 years$527,361$517,540$508,021$498,792$489,840$448,846
3 years$348,082$338,218$328,723$319,581$310,775$271,280
4 years$258,460$248,626$239,226$230,240$221,647$183,953
5 years$204,701$194,926$185,649$176,846$168,493$132,695
6 years$168,873$159,172$150,032$141,425$133,322$99,443
7 years$143,292$133,672$124,678$116,274$108,427$76,453
8 years$124,114$114,582$105,736$97,539$89,951$59,849
9 years$109,207$99,764$91,071$83,082$75,751$47,477
10 years$97,287$87,937$79,398$71,617$64,544$38,040
11 years$87,542$78,285$69,900$62,328$55,510$30,714
12 years$79,426$70,265$62,035$54,670$48,104$24,948
13 years$72,564$63,499$55,424$48,266$41,947$20,361
14 years$66,688$57,718$49,799$42,845$36,771$16,681
15 years$61,600$52,727$44,962$38,210$32,376$13,708
16 years$57,152$48,376$40,764$34,213$28,614$11,293
17 years$53,231$44,552$37,094$30,740$25,371$9,322
18 years$49,750$41,168$33,862$27,703$22,559$7,708
19 years$46,639$38,154$30,999$25,032$20,107$6,381
20 years$43,843$35,455$28,449$22,671$17,960$5,289
21 years$41,316$33,025$26,168$20,576$16,072$4,388
22 years$39,022$30,828$24,118$18,708$14,407$3,643
23 years$36,931$28,832$22,268$17,038$12,932$3,027
24 years$35,017$27,014$20,595$15,539$11,624$2,516
25 years$33,258$25,351$19,075$14,192$10,460$2,092
26 years$31,638$23,826$17,691$12,976$9,422$1,740
27 years$30,140$22,423$16,427$11,877$8,494$1,448
28 years$28,751$21,129$15,271$10,882$7,665$1,205
29 years$27,461$19,933$14,211$9,979$6,921$1,003
30 years$26,259$18,825$13,237$9,158$6,254$835
31 years$25,136$17,796$12,341$8,411$5,654$696
32 years$24,086$16,838$11,514$7,730$5,114$579
33 years$23,102$15,946$10,751$7,108$4,628$483
34 years$22,178$15,113$10,045$6,540$4,190$402
35 years$21,308$14,335$9,391$6,021$3,795$335
36 years$20,488$13,606$8,785$5,545$3,439$279
37 years$19,715$12,922$8,223$5,109$3,117$232
38 years$18,984$12,281$7,700$4,709$2,826$194
39 years$18,292$11,678$7,214$4,342$2,562$161
40 years$17,636$11,111$6,762$4,005$2,324$134
41 years$17,014$10,576$6,341$3,695$2,109$112
42 years$16,424$10,072$5,948$3,410$1,913$93
43 years$15,862$9,597$5,581$3,148$1,736$78
44 years$15,327$9,148$5,239$2,907$1,576$65
45 years$14,817$8,723$4,919$2,684$1,431$54
46 years$14,332$8,322$4,620$2,479$1,299$45
47 years$13,868$7,941$4,341$2,291$1,180$38
48 years$13,424$7,581$4,079$2,117$1,071$31
49 years$13,001$7,240$3,834$1,956$973$26
50 years$12,595$6,916$3,605$1,808$884$22

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 $3,648 every year, while hoping to spend $26,095 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: 78/12/10 Blend
67$12,900,000$12,900,000$12,900,000$12,900,000
68$14,219,563$13,535,863$13,335,913$15,304,394
69$15,642,193$14,171,355$13,754,901$16,653,328
70$17,209,058$14,837,112$14,187,051$18,128,688
71$18,934,840$15,534,589$14,632,775$19,746,045
72$20,835,721$16,265,312$15,092,501$21,519,546
73$22,929,533$17,030,880$15,566,668$23,464,763
74$25,235,923$17,832,971$16,055,729$25,598,843
75$27,776,544$18,673,343$16,560,153$27,940,668
76$30,575,255$19,553,840$17,080,421$30,511,028
77$33,658,347$20,476,395$17,617,031$33,332,817
78$37,054,794$21,443,034$18,170,497$36,431,248
79$40,796,522$22,455,881$18,741,348$39,834,085
80$44,918,714$23,517,166$19,330,130$43,571,907
81$49,460,140$24,629,224$19,937,406$47,678,392
82$54,463,521$25,794,504$20,563,757$52,190,630
83$59,975,939$27,015,573$21,209,782$57,149,475
84$66,049,274$28,295,125$21,876,098$62,599,924
85$72,740,696$29,635,982$22,563,343$68,591,540
86$80,113,206$31,041,104$23,272,175$75,178,917
87$88,236,231$32,513,596$24,003,270$82,422,192
88$97,186,275$34,056,712$24,757,329$90,387,608
89$107,047,648$35,673,863$25,535,072$99,148,136
90$117,913,254$37,368,629$26,337,243$108,784,162
91$129,885,475$39,144,760$27,164,610$119,384,241
92$143,077,132$41,006,192$28,017,962$131,045,926
93$157,612,553$42,957,049$28,898,118$143,876,690
94$173,628,746$45,001,657$29,805,917$157,994,928
95$191,276,692$47,144,552$30,742,229$173,531,080
96$210,722,769$49,390,490$31,707,949$190,628,850
97$232,150,326$51,744,458$32,703,999$209,446,559
98$255,761,409$54,211,686$33,731,333$230,158,637
99$281,778,672$56,797,659$34,790,932$252,957,259
100$310,447,479$59,508,126$35,883,811$278,054,158