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

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 $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%20%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,002,770
2 years$535,538$525,564$515,897$506,525$497,434$455,805
3 years$353,479$343,462$333,820$324,536$315,593$275,486
4 years$262,467$252,481$242,935$233,810$225,083$186,805
5 years$207,874$197,948$188,528$179,588$171,105$134,752
6 years$171,491$161,639$152,358$143,618$135,389$100,985
7 years$145,513$135,744$126,611$118,076$110,108$77,638
8 years$126,039$116,358$107,376$99,051$91,345$60,777
9 years$110,900$101,311$92,483$84,370$76,926$48,213
10 years$98,796$89,300$80,629$72,728$65,545$38,629
11 years$88,899$79,499$70,984$63,295$56,371$31,190
12 years$80,658$71,354$62,997$55,518$48,850$25,335
13 years$73,689$64,483$56,283$49,014$42,598$20,677
14 years$67,722$58,613$50,571$43,509$37,341$16,940
15 years$62,555$53,544$45,659$38,803$32,878$13,921
16 years$58,038$49,126$41,396$34,744$29,058$11,468
17 years$54,057$45,243$37,669$31,217$25,764$9,466
18 years$50,522$41,807$34,387$28,133$22,909$7,827
19 years$47,362$38,746$31,480$25,420$20,419$6,480
20 years$44,523$36,005$28,890$23,023$18,239$5,371
21 years$41,957$33,537$26,574$20,895$16,321$4,456
22 years$39,627$31,305$24,492$18,998$14,630$3,700
23 years$37,503$29,279$22,614$17,302$13,133$3,074
24 years$35,559$27,433$20,914$15,780$11,804$2,555
25 years$33,774$25,744$19,370$14,412$10,622$2,125
26 years$32,128$24,196$17,965$13,177$9,568$1,767
27 years$30,607$22,771$16,682$12,061$8,626$1,471
28 years$29,197$21,457$15,508$11,051$7,783$1,224
29 years$27,887$20,242$14,432$10,134$7,028$1,019
30 years$26,666$19,117$13,443$9,300$6,350$848
31 years$25,526$18,071$12,532$8,542$5,741$707
32 years$24,460$17,099$11,693$7,850$5,194$588
33 years$23,460$16,193$10,918$7,219$4,700$490
34 years$22,521$15,348$10,201$6,642$4,255$408
35 years$21,638$14,557$9,537$6,114$3,854$340
36 years$20,806$13,817$8,922$5,631$3,492$283
37 years$20,020$13,123$8,350$5,188$3,165$236
38 years$19,278$12,471$7,820$4,782$2,869$197
39 years$18,575$11,859$7,326$4,409$2,602$164
40 years$17,910$11,283$6,867$4,067$2,360$137
41 years$17,278$10,740$6,439$3,752$2,141$114
42 years$16,678$10,229$6,040$3,463$1,943$95
43 years$16,108$9,746$5,668$3,197$1,763$79
44 years$15,565$9,290$5,320$2,952$1,601$66
45 years$15,047$8,859$4,995$2,726$1,453$55
46 years$14,554$8,451$4,692$2,518$1,319$46
47 years$14,083$8,065$4,408$2,326$1,198$38
48 years$13,632$7,699$4,142$2,150$1,088$32
49 years$13,202$7,352$3,893$1,987$988$26
50 years$12,790$7,023$3,660$1,836$898$22

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 $5,640 every year, while hoping to spend $22,142 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: 67/24/9 Blend
67$13,100,000$13,100,000$13,100,000$13,100,000
68$14,442,018$13,747,718$13,544,668$15,383,618
69$15,891,545$14,397,797$13,974,855$16,659,982
70$17,488,181$15,078,988$14,418,712$18,051,686
71$19,246,909$15,792,792$14,876,672$19,572,593
72$21,184,238$16,540,783$15,349,184$21,235,331
73$23,318,359$17,324,610$15,836,712$23,053,790
74$25,669,321$18,146,006$16,339,731$25,043,252
75$28,259,215$19,006,783$16,858,734$27,220,530
76$31,112,384$19,908,844$17,394,231$29,604,125
77$34,255,653$20,854,184$17,946,744$32,214,394
78$37,718,586$21,844,895$18,516,816$35,073,742
79$41,533,756$22,883,169$19,105,004$38,206,822
80$45,737,062$23,971,307$19,711,884$41,640,774
81$50,368,061$25,111,720$20,338,051$45,405,466
82$55,470,346$26,306,936$20,984,118$49,533,778
83$61,091,953$27,559,608$21,650,718$54,061,903
84$67,285,818$28,872,515$22,338,503$59,029,689
85$74,110,275$30,248,572$23,048,147$64,481,001
86$81,629,609$31,690,838$23,780,345$70,464,137
87$89,914,657$33,202,517$24,535,815$77,032,274
88$99,043,483$34,786,971$25,315,296$84,243,965
89$109,102,112$36,447,726$26,119,552$92,163,684
90$120,185,341$38,188,478$26,949,370$100,862,427
91$132,397,635$40,013,104$27,805,564$110,418,378
92$145,854,116$41,925,668$28,688,972$120,917,635
93$160,681,643$43,930,433$29,600,460$132,455,019
94$177,020,016$46,031,869$30,540,921$145,134,958
95$195,023,292$48,234,665$31,511,276$159,072,463
96$214,861,239$50,543,735$32,512,475$174,394,210
97$236,720,943$52,964,235$33,545,500$191,239,718
98$260,808,568$55,501,571$34,611,363$209,762,663
99$287,351,306$58,161,413$35,711,108$230,132,314
100$316,599,522$60,949,705$36,845,813$252,535,124