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%17.6%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$996,934
2 years$527,361$517,540$508,021$498,792$489,840$458,150
3 years$348,082$338,218$328,723$319,581$310,775$280,118
4 years$258,460$248,626$239,226$230,240$221,647$192,259
5 years$204,701$194,926$185,649$176,846$168,493$140,453
6 years$168,873$159,172$150,032$141,425$133,322$106,656
7 years$143,292$133,672$124,678$116,274$108,427$83,131
8 years$124,114$114,582$105,736$97,539$89,951$66,009
9 years$109,207$99,764$91,071$83,082$75,751$53,138
10 years$97,287$87,937$79,398$71,617$64,544$43,226
11 years$87,542$78,285$69,900$62,328$55,510$35,450
12 years$79,426$70,265$62,035$54,670$48,104$29,260
13 years$72,564$63,499$55,424$48,266$41,947$24,275
14 years$66,688$57,718$49,799$42,845$36,771$20,223
15 years$61,600$52,727$44,962$38,210$32,376$16,905
16 years$57,152$48,376$40,764$34,213$28,614$14,171
17 years$53,231$44,552$37,094$30,740$25,371$11,906
18 years$49,750$41,168$33,862$27,703$22,559$10,022
19 years$46,639$38,154$30,999$25,032$20,107$8,450
20 years$43,843$35,455$28,449$22,671$17,960$7,134
21 years$41,316$33,025$26,168$20,576$16,072$6,030
22 years$39,022$30,828$24,118$18,708$14,407$5,101
23 years$36,931$28,832$22,268$17,038$12,932$4,319
24 years$35,017$27,014$20,595$15,539$11,624$3,659
25 years$33,258$25,351$19,075$14,192$10,460$3,102
26 years$31,638$23,826$17,691$12,976$9,422$2,631
27 years$30,140$22,423$16,427$11,877$8,494$2,232
28 years$28,751$21,129$15,271$10,882$7,665$1,894
29 years$27,461$19,933$14,211$9,979$6,921$1,608
30 years$26,259$18,825$13,237$9,158$6,254$1,366
31 years$25,136$17,796$12,341$8,411$5,654$1,160
32 years$24,086$16,838$11,514$7,730$5,114$985
33 years$23,102$15,946$10,751$7,108$4,628$837
34 years$22,178$15,113$10,045$6,540$4,190$711
35 years$21,308$14,335$9,391$6,021$3,795$605
36 years$20,488$13,606$8,785$5,545$3,439$514
37 years$19,715$12,922$8,223$5,109$3,117$437
38 years$18,984$12,281$7,700$4,709$2,826$371
39 years$18,292$11,678$7,214$4,342$2,562$316
40 years$17,636$11,111$6,762$4,005$2,324$268
41 years$17,014$10,576$6,341$3,695$2,109$228
42 years$16,424$10,072$5,948$3,410$1,913$194
43 years$15,862$9,597$5,581$3,148$1,736$165
44 years$15,327$9,148$5,239$2,907$1,576$140
45 years$14,817$8,723$4,919$2,684$1,431$119
46 years$14,332$8,322$4,620$2,479$1,299$101
47 years$13,868$7,941$4,341$2,291$1,180$86
48 years$13,424$7,581$4,079$2,117$1,071$73
49 years$13,001$7,240$3,834$1,956$973$62
50 years$12,595$6,916$3,605$1,808$884$53

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 $2,297 every year, while hoping to spend $51,796 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: 30/47/23 Blend
67$12,900,000$12,900,000$12,900,000$12,900,000
68$14,218,169$13,534,469$13,334,519$14,542,963
69$15,613,312$14,142,548$13,726,115$15,400,608
70$17,149,023$14,778,686$14,129,094$16,317,846
71$18,839,587$15,444,205$14,543,781$17,303,549
72$20,700,740$16,140,486$14,970,513$18,363,684
73$22,749,826$16,868,981$15,409,636$19,504,780
74$25,005,954$17,631,206$15,861,504$20,733,988
75$27,490,179$18,428,753$16,326,483$22,059,139
76$30,225,704$19,263,289$16,804,947$23,488,817
77$33,238,096$20,136,560$17,297,283$25,032,425
78$36,555,527$21,050,397$17,803,887$26,700,276
79$40,209,041$22,006,717$18,325,167$28,503,674
80$44,232,847$23,007,529$18,861,544$30,455,019
81$48,664,638$24,054,939$19,413,447$32,567,914
82$53,545,954$25,151,154$19,981,320$34,857,284
83$58,922,566$26,298,485$20,565,619$37,339,511
84$64,844,913$27,499,356$21,166,811$40,032,575
85$71,368,574$28,756,304$21,785,380$42,956,217
86$78,554,798$30,071,992$22,421,819$46,132,116
87$86,471,075$31,449,208$23,076,638$49,584,080
88$95,191,779$32,890,873$23,750,360$53,338,262
89$104,798,865$34,400,051$24,443,521$57,423,394
90$115,382,646$35,979,950$25,156,676$61,871,048
91$127,042,643$37,633,934$25,890,392$66,715,919
92$139,888,525$39,365,530$26,645,252$71,996,141
93$154,041,144$41,178,430$27,421,858$77,753,632
94$169,633,676$43,076,509$28,220,826$84,034,476
95$186,812,877$45,063,824$29,042,790$90,889,341
96$205,740,468$47,144,629$29,888,401$98,373,947
97$226,594,663$49,323,383$30,758,329$106,549,567
98$249,571,849$51,604,759$31,653,264$115,483,596
99$274,888,441$53,993,655$32,573,911$125,250,163
100$302,782,923$56,495,206$33,520,998$135,930,815