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%19.3%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,005,550
2 years$535,538$525,564$515,897$506,525$497,434$458,527
3 years$353,479$343,462$333,820$324,536$315,593$278,064
4 years$262,467$252,481$242,935$233,810$225,083$189,220
5 years$207,874$197,948$188,528$179,588$171,105$136,999
6 years$171,491$161,639$152,358$143,618$135,389$103,066
7 years$145,513$135,744$126,611$118,076$110,108$79,557
8 years$126,039$116,358$107,376$99,051$91,345$62,539
9 years$110,900$101,311$92,483$84,370$76,926$49,824
10 years$98,796$89,300$80,629$72,728$65,545$40,098
11 years$88,899$79,499$70,984$63,295$56,371$32,524
12 years$80,658$71,354$62,997$55,518$48,850$26,543
13 years$73,689$64,483$56,283$49,014$42,598$21,767
14 years$67,722$58,613$50,571$43,509$37,341$17,921
15 years$62,555$53,544$45,659$38,803$32,878$14,800
16 years$58,038$49,126$41,396$34,744$29,058$12,255
17 years$54,057$45,243$37,669$31,217$25,764$10,168
18 years$50,522$41,807$34,387$28,133$22,909$8,452
19 years$47,362$38,746$31,480$25,420$20,419$7,035
20 years$44,523$36,005$28,890$23,023$18,239$5,862
21 years$41,957$33,537$26,574$20,895$16,321$4,890
22 years$39,627$31,305$24,492$18,998$14,630$4,082
23 years$37,503$29,279$22,614$17,302$13,133$3,410
24 years$35,559$27,433$20,914$15,780$11,804$2,851
25 years$33,774$25,744$19,370$14,412$10,622$2,384
26 years$32,128$24,196$17,965$13,177$9,568$1,994
27 years$30,607$22,771$16,682$12,061$8,626$1,669
28 years$29,197$21,457$15,508$11,051$7,783$1,397
29 years$27,887$20,242$14,432$10,134$7,028$1,169
30 years$26,666$19,117$13,443$9,300$6,350$979
31 years$25,526$18,071$12,532$8,542$5,741$820
32 years$24,460$17,099$11,693$7,850$5,194$687
33 years$23,460$16,193$10,918$7,219$4,700$576
34 years$22,521$15,348$10,201$6,642$4,255$482
35 years$21,638$14,557$9,537$6,114$3,854$404
36 years$20,806$13,817$8,922$5,631$3,492$339
37 years$20,020$13,123$8,350$5,188$3,165$284
38 years$19,278$12,471$7,820$4,782$2,869$238
39 years$18,575$11,859$7,326$4,409$2,602$199
40 years$17,910$11,283$6,867$4,067$2,360$167
41 years$17,278$10,740$6,439$3,752$2,141$140
42 years$16,678$10,229$6,040$3,463$1,943$117
43 years$16,108$9,746$5,668$3,197$1,763$98
44 years$15,565$9,290$5,320$2,952$1,601$82
45 years$15,047$8,859$4,995$2,726$1,453$69
46 years$14,554$8,451$4,692$2,518$1,319$58
47 years$14,083$8,065$4,408$2,326$1,198$49
48 years$13,632$7,699$4,142$2,150$1,088$41
49 years$13,202$7,352$3,893$1,987$988$34
50 years$12,790$7,023$3,660$1,836$898$29

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 $5,668 every year, while hoping to spend $51,486 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: 63/16/21 Blend
67$13,100,000$13,100,000$13,100,000$13,100,000
68$14,442,047$13,747,747$13,544,697$15,273,168
69$15,860,355$14,366,605$13,943,663$16,453,099
70$17,421,604$15,014,063$14,354,270$17,734,934
71$19,140,322$15,691,466$14,776,851$19,133,722
72$21,032,512$16,400,225$15,211,754$20,660,887
73$23,115,813$17,141,820$15,659,331$22,328,998
74$25,409,656$17,917,800$16,119,949$24,151,887
75$27,935,456$18,729,787$16,593,983$26,144,774
76$30,716,809$19,579,484$17,081,818$28,324,411
77$33,779,717$20,468,671$17,583,852$30,709,235
78$37,152,829$21,399,217$18,100,492$33,319,539
79$40,867,718$22,373,079$18,632,159$36,177,661
80$44,959,172$23,392,307$19,179,283$39,308,193
81$49,465,528$24,459,050$19,742,309$42,738,206
82$54,429,028$25,575,560$20,321,693$46,497,505
83$59,896,222$26,744,196$20,917,903$50,618,906
84$65,918,407$27,967,431$21,531,423$55,138,542
85$72,552,107$29,247,858$22,162,748$60,096,198
86$79,859,610$30,588,191$22,812,388$65,535,686
87$87,909,554$31,991,276$23,480,867$71,505,249
88$96,777,577$33,460,098$24,168,725$78,058,017
89$106,547,028$34,997,780$24,876,515$85,252,502
90$117,309,754$36,607,601$25,604,808$93,153,144
91$129,166,969$38,292,993$26,354,188$101,830,914
92$142,230,205$40,057,555$27,125,259$111,363,980
93$156,622,370$41,905,060$27,918,639$121,838,439
94$172,478,904$43,839,459$28,734,966$133,349,125
95$189,949,057$45,864,897$29,574,892$146,000,493
96$209,197,300$47,985,717$30,439,090$159,907,604
97$230,404,878$50,206,471$31,328,253$175,197,203
98$253,771,517$52,531,929$32,243,091$192,008,908
99$279,517,311$54,967,092$33,184,333$210,496,519
100$307,884,800$57,517,204$34,152,733$230,829,465