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

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,008,307
2 years$527,361$517,540$508,021$498,792$489,840$469,417
3 years$348,082$338,218$328,723$319,581$310,775$290,922
4 years$258,460$248,626$239,226$230,240$221,647$202,518
5 years$204,701$194,926$185,649$176,846$168,493$150,141
6 years$168,873$159,172$150,032$141,425$133,322$115,769
7 years$143,292$133,672$124,678$116,274$108,427$91,675
8 years$124,114$114,582$105,736$97,539$89,951$73,996
9 years$109,207$99,764$91,071$83,082$75,751$60,584
10 years$97,287$87,937$79,398$71,617$64,544$50,149
11 years$87,542$78,285$69,900$62,328$55,510$41,869
12 years$79,426$70,265$62,035$54,670$48,104$35,198
13 years$72,564$63,499$55,424$48,266$41,947$29,756
14 years$66,688$57,718$49,799$42,845$36,771$25,270
15 years$61,600$52,727$44,962$38,210$32,376$21,542
16 years$57,152$48,376$40,764$34,213$28,614$18,422
17 years$53,231$44,552$37,094$30,740$25,371$15,796
18 years$49,750$41,168$33,862$27,703$22,559$13,574
19 years$46,639$38,154$30,999$25,032$20,107$11,687
20 years$43,843$35,455$28,449$22,671$17,960$10,079
21 years$41,316$33,025$26,168$20,576$16,072$8,703
22 years$39,022$30,828$24,118$18,708$14,407$7,525
23 years$36,931$28,832$22,268$17,038$12,932$6,512
24 years$35,017$27,014$20,595$15,539$11,624$5,641
25 years$33,258$25,351$19,075$14,192$10,460$4,890
26 years$31,638$23,826$17,691$12,976$9,422$4,242
27 years$30,140$22,423$16,427$11,877$8,494$3,681
28 years$28,751$21,129$15,271$10,882$7,665$3,197
29 years$27,461$19,933$14,211$9,979$6,921$2,777
30 years$26,259$18,825$13,237$9,158$6,254$2,413
31 years$25,136$17,796$12,341$8,411$5,654$2,098
32 years$24,086$16,838$11,514$7,730$5,114$1,824
33 years$23,102$15,946$10,751$7,108$4,628$1,586
34 years$22,178$15,113$10,045$6,540$4,190$1,380
35 years$21,308$14,335$9,391$6,021$3,795$1,201
36 years$20,488$13,606$8,785$5,545$3,439$1,045
37 years$19,715$12,922$8,223$5,109$3,117$909
38 years$18,984$12,281$7,700$4,709$2,826$791
39 years$18,292$11,678$7,214$4,342$2,562$689
40 years$17,636$11,111$6,762$4,005$2,324$600
41 years$17,014$10,576$6,341$3,695$2,109$522
42 years$16,424$10,072$5,948$3,410$1,913$455
43 years$15,862$9,597$5,581$3,148$1,736$396
44 years$15,327$9,148$5,239$2,907$1,576$345
45 years$14,817$8,723$4,919$2,684$1,431$300
46 years$14,332$8,322$4,620$2,479$1,299$261
47 years$13,868$7,941$4,341$2,291$1,180$228
48 years$13,424$7,581$4,079$2,117$1,071$198
49 years$13,001$7,240$3,834$1,956$973$173
50 years$12,595$6,916$3,605$1,808$884$150

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 $5,979 every year, while hoping to spend $56,090 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: 78/15/7 Blend
67$12,900,000$12,900,000$12,900,000$12,900,000
68$14,221,967$13,538,267$13,338,317$15,319,291
69$15,612,929$14,141,963$13,725,472$16,643,783
70$17,143,888$14,773,360$14,123,716$18,088,063
71$18,829,066$15,433,756$14,533,362$19,670,298
72$20,684,133$16,124,512$14,954,731$21,404,191
73$22,726,352$16,847,051$15,388,153$23,304,833
74$24,974,750$17,602,867$15,833,966$25,388,836
75$27,450,290$18,393,522$16,292,519$27,674,490
76$30,176,070$19,220,655$16,764,168$30,181,935
77$33,177,544$20,085,982$17,249,283$32,933,345
78$36,482,759$20,991,301$17,748,239$35,953,139
79$40,122,620$21,938,495$18,261,425$39,268,208
80$44,131,184$22,929,538$18,789,240$42,908,164
81$48,545,978$23,966,498$19,332,092$46,905,618
82$53,408,353$25,051,541$19,890,402$51,296,487
83$58,763,876$26,186,938$20,464,603$56,120,327
84$64,662,761$27,375,068$21,055,136$61,420,706
85$71,160,339$28,618,422$21,662,460$67,245,610
86$78,317,582$29,919,613$22,287,040$73,647,893
87$86,201,679$31,281,378$22,929,360$80,685,774
88$94,886,668$32,706,584$23,589,911$88,423,380
89$104,454,138$34,198,235$24,269,203$96,931,351
90$114,993,993$35,759,483$24,967,755$106,287,500
91$126,605,309$37,393,625$25,686,102$116,577,546
92$139,397,259$39,104,122$26,424,795$127,895,914
93$153,490,152$40,894,596$27,184,398$140,346,628
94$169,016,562$42,768,846$27,965,491$154,044,284
95$186,122,584$44,730,853$28,768,668$169,115,128
96$204,969,211$46,784,787$29,594,541$185,698,244
97$225,733,850$48,935,021$30,443,737$203,946,859
98$248,612,002$51,186,136$31,316,902$224,029,786
99$273,819,104$53,542,935$32,214,696$246,133,009
100$301,592,565$56,010,451$33,137,801$270,461,435