Can I retire at age 68 with 13,100,000?

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 $13,100,000?

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$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,033,703
2 years$535,538$525,564$515,897$506,525$497,434$486,449
3 years$353,479$343,462$333,820$324,536$315,593$304,871
4 years$262,467$252,481$242,935$233,810$225,083$214,708
5 years$207,874$197,948$188,528$179,588$171,105$161,107
6 years$171,491$161,639$152,358$143,618$135,389$125,781
7 years$145,513$135,744$126,611$118,076$110,108$100,893
8 years$126,039$116,358$107,376$99,051$91,345$82,523
9 years$110,900$101,311$92,483$84,370$76,926$68,493
10 years$98,796$89,300$80,629$72,728$65,545$57,496
11 years$88,899$79,499$70,984$63,295$56,371$48,700
12 years$80,658$71,354$62,997$55,518$48,850$41,549
13 years$73,689$64,483$56,283$49,014$42,598$35,658
14 years$67,722$58,613$50,571$43,509$37,341$30,753
15 years$62,555$53,544$45,659$38,803$32,878$26,632
16 years$58,038$49,126$41,396$34,744$29,058$23,143
17 years$54,057$45,243$37,669$31,217$25,764$20,170
18 years$50,522$41,807$34,387$28,133$22,909$17,623
19 years$47,362$38,746$31,480$25,420$20,419$15,431
20 years$44,523$36,005$28,890$23,023$18,239$13,537
21 years$41,957$33,537$26,574$20,895$16,321$11,895
22 years$39,627$31,305$24,492$18,998$14,630$10,466
23 years$37,503$29,279$22,614$17,302$13,133$9,220
24 years$35,559$27,433$20,914$15,780$11,804$8,131
25 years$33,774$25,744$19,370$14,412$10,622$7,177
26 years$32,128$24,196$17,965$13,177$9,568$6,341
27 years$30,607$22,771$16,682$12,061$8,626$5,606
28 years$29,197$21,457$15,508$11,051$7,783$4,959
29 years$27,887$20,242$14,432$10,134$7,028$4,389
30 years$26,666$19,117$13,443$9,300$6,350$3,887
31 years$25,526$18,071$12,532$8,542$5,741$3,443
32 years$24,460$17,099$11,693$7,850$5,194$3,052
33 years$23,460$16,193$10,918$7,219$4,700$2,706
34 years$22,521$15,348$10,201$6,642$4,255$2,399
35 years$21,638$14,557$9,537$6,114$3,854$2,128
36 years$20,806$13,817$8,922$5,631$3,492$1,888
37 years$20,020$13,123$8,350$5,188$3,165$1,676
38 years$19,278$12,471$7,820$4,782$2,869$1,488
39 years$18,575$11,859$7,326$4,409$2,602$1,321
40 years$17,910$11,283$6,867$4,067$2,360$1,173
41 years$17,278$10,740$6,439$3,752$2,141$1,041
42 years$16,678$10,229$6,040$3,463$1,943$925
43 years$16,108$9,746$5,668$3,197$1,763$821
44 years$15,565$9,290$5,320$2,952$1,601$730
45 years$15,047$8,859$4,995$2,726$1,453$648
46 years$14,554$8,451$4,692$2,518$1,319$576
47 years$14,083$8,065$4,408$2,326$1,198$512
48 years$13,632$7,699$4,142$2,150$1,088$454
49 years$13,202$7,352$3,893$1,987$988$404
50 years$12,790$7,023$3,660$1,836$898$359

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $13,100,000, adding $4,614 every year, while hoping to spend $44,658 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: 56/34/10 Blend
67$13,100,000$13,100,000$13,100,000$13,100,000
68$14,440,959$13,746,659$13,543,609$15,214,053
69$15,866,421$14,372,730$13,949,804$16,363,041
70$17,435,784$15,027,981$14,368,110$17,608,575
71$19,163,677$15,713,796$14,798,886$18,964,135
72$21,066,224$16,431,623$15,242,499$20,440,225
73$23,161,187$17,182,981$15,699,332$22,048,388
74$25,468,142$17,969,461$16,169,773$23,801,313
75$28,008,658$18,792,730$16,654,227$25,712,947
76$30,806,505$19,654,538$17,153,106$27,798,625
77$33,887,872$20,556,713$17,666,839$30,075,206
78$37,281,620$21,501,178$18,195,864$32,561,231
79$41,019,552$22,489,942$18,740,632$35,277,091
80$45,136,712$23,525,115$19,301,609$38,245,212
81$49,671,717$24,608,906$19,879,273$41,490,263
82$54,667,121$25,743,631$20,474,117$45,039,382
83$60,169,817$26,931,718$21,086,649$48,922,427
84$66,231,476$28,175,711$21,717,390$53,172,246
85$72,909,042$29,478,275$22,366,878$57,824,986
86$80,265,260$30,842,207$23,035,665$62,920,424
87$88,369,278$32,270,436$23,724,320$68,502,336
88$97,297,289$33,766,033$24,433,430$74,618,898
89$107,133,259$35,332,215$25,163,596$81,323,137
90$117,969,715$36,972,357$25,915,441$88,673,422
91$129,908,619$38,689,995$26,689,601$96,734,002
92$143,062,330$40,488,837$27,486,734$105,575,607
93$157,554,664$42,372,767$28,307,517$115,276,102
94$173,522,067$44,345,859$29,152,645$125,921,215
95$191,114,894$46,412,383$30,022,835$137,605,332
96$210,498,837$48,576,813$30,918,824$150,432,376
97$231,856,485$50,843,843$31,841,371$164,516,778
98$255,389,045$53,218,391$32,791,256$179,984,544
99$281,318,248$55,705,612$33,769,283$196,974,429
100$309,888,434$58,310,912$34,776,279$215,639,234