Can I retire at age 68 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,020,726
2 years$531,449$521,552$511,959$502,659$493,637$477,644
3 years$350,780$340,840$331,272$322,058$313,184$297,608
4 years$260,463$250,553$241,081$232,025$223,365$208,326
5 years$206,287$196,437$187,089$178,217$169,799$155,340
6 years$170,182$160,405$151,195$142,522$134,356$120,495
7 years$144,402$134,708$125,644$117,175$109,267$96,008
8 years$125,077$115,470$106,556$98,295$90,648$77,988
9 years$110,053$100,537$91,777$83,726$76,339$64,272
10 years$98,042$88,619$80,013$72,172$65,044$53,562
11 years$88,220$78,892$70,442$62,812$55,940$45,030
12 years$80,042$70,809$62,516$55,094$48,477$38,125
13 years$73,127$63,991$55,854$48,640$42,273$32,465
14 years$67,205$58,166$50,185$43,177$37,056$27,776
15 years$62,077$53,136$45,310$38,506$32,627$23,858
16 years$57,595$48,751$41,080$34,478$28,836$20,561
17 years$53,644$44,898$37,381$30,978$25,568$17,768
18 years$50,136$41,488$34,124$27,918$22,734$15,392
19 years$47,001$38,450$31,239$25,226$20,263$13,360
20 years$44,183$35,730$28,670$22,847$18,099$11,617
21 years$41,637$33,281$26,371$20,735$16,197$10,116
22 years$39,325$31,067$24,305$18,853$14,518$8,820
23 years$37,217$29,056$22,441$17,170$13,032$7,699
24 years$35,288$27,224$20,754$15,660$11,714$6,726
25 years$33,516$25,548$19,223$14,302$10,541$5,882
26 years$31,883$24,011$17,828$13,077$9,495$5,147
27 years$30,373$22,597$16,555$11,969$8,560$4,507
28 years$28,974$21,293$15,390$10,966$7,724$3,948
29 years$27,674$20,088$14,322$10,056$6,975$3,461
30 years$26,462$18,971$13,340$9,229$6,302$3,035
31 years$25,331$17,934$12,436$8,476$5,698$2,662
32 years$24,273$16,969$11,603$7,790$5,154$2,336
33 years$23,281$16,070$10,834$7,164$4,664$2,050
34 years$22,349$15,230$10,123$6,591$4,223$1,800
35 years$21,473$14,446$9,464$6,067$3,825$1,581
36 years$20,647$13,711$8,853$5,588$3,466$1,388
37 years$19,868$13,022$8,287$5,149$3,141$1,220
38 years$19,131$12,376$7,760$4,746$2,848$1,072
39 years$18,434$11,768$7,270$4,376$2,582$942
40 years$17,773$11,197$6,815$4,036$2,342$828
41 years$17,146$10,658$6,390$3,724$2,125$727
42 years$16,551$10,150$5,994$3,436$1,928$639
43 years$15,985$9,671$5,624$3,172$1,750$562
44 years$15,446$9,219$5,280$2,929$1,588$494
45 years$14,932$8,791$4,957$2,705$1,442$434
46 years$14,443$8,386$4,656$2,499$1,309$382
47 years$13,975$8,003$4,374$2,309$1,189$336
48 years$13,528$7,640$4,111$2,133$1,080$295
49 years$13,101$7,296$3,864$1,971$981$260
50 years$12,693$6,969$3,632$1,822$891$228

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $13,000,000, adding $6,936 every year, while hoping to spend $39,088 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: 34/40/26 Blend
67$13,000,000$13,000,000$13,000,000$13,000,000
68$14,333,154$13,644,154$13,442,654$14,707,159
69$15,753,547$14,271,129$13,851,394$15,615,332
70$17,317,509$14,927,515$14,272,516$16,589,980
71$19,039,645$15,614,712$14,706,395$17,640,250
72$20,936,044$16,334,188$15,153,415$18,772,891
73$23,024,438$17,087,481$15,613,972$19,995,299
74$25,324,365$17,876,202$16,088,474$21,315,580
75$27,857,355$18,702,041$16,577,343$22,742,623
76$30,647,132$19,566,767$17,081,010$24,286,176
77$33,719,838$20,472,238$17,599,923$25,956,933
78$37,104,281$21,420,398$18,134,540$27,766,627
79$40,832,206$22,413,285$18,685,336$29,728,134
80$44,938,593$23,453,038$19,252,796$31,855,590
81$49,461,988$24,541,896$19,837,424$34,164,512
82$54,444,869$25,682,207$20,439,736$36,671,940
83$59,934,044$26,876,433$21,060,264$39,396,586
84$65,981,091$28,127,153$21,699,558$42,359,009
85$72,642,852$29,437,073$22,358,183$45,581,790
86$79,981,960$30,809,027$23,036,719$49,089,744
87$88,067,438$32,245,987$23,735,767$52,910,140
88$96,975,345$33,751,068$24,455,944$57,072,949
89$106,789,496$35,327,537$25,197,885$61,611,118
90$117,602,256$36,978,817$25,962,244$66,560,864
91$129,515,404$38,708,498$26,749,697$71,962,011
92$142,641,101$40,520,340$27,560,938$77,858,348
93$157,102,946$42,418,289$28,396,682$84,298,033
94$173,037,141$44,406,480$29,257,666$91,334,031
95$190,593,780$46,489,248$30,144,648$99,024,602
96$209,938,261$48,671,137$31,058,410$107,433,834
97$231,252,853$50,956,912$31,999,756$116,632,237
98$254,738,412$53,351,568$32,969,515$126,697,384
99$280,616,277$55,860,342$33,968,541$137,714,635
100$309,130,362$58,488,724$34,997,712$149,777,920