Can I retire at age 68 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,022,170
2 years$539,626$529,576$519,835$510,392$501,232$470,829
3 years$356,177$346,083$336,368$327,013$318,002$288,566
4 years$264,470$254,408$244,790$235,594$226,802$198,558
5 years$209,461$199,459$189,967$180,959$172,411$145,437
6 years$172,800$162,873$153,521$144,714$136,423$110,743
7 years$146,624$136,781$127,577$118,978$110,948$86,563
8 years$127,001$117,246$108,195$99,807$92,042$68,937
9 years$111,746$102,084$93,189$85,014$77,513$55,664
10 years$99,550$89,982$81,244$73,283$66,045$45,423
11 years$89,578$80,106$71,526$63,778$56,801$37,372
12 years$81,273$71,899$63,477$55,942$49,222$30,948
13 years$74,252$64,975$56,713$49,388$42,923$25,763
14 years$68,239$59,061$50,957$43,841$37,626$21,537
15 years$63,032$53,953$46,007$39,099$33,129$18,067
16 years$58,481$49,501$41,712$35,009$29,279$15,199
17 years$54,469$45,589$37,956$31,455$25,961$12,817
18 years$50,907$42,126$34,649$28,347$23,083$10,829
19 years$47,724$39,042$31,720$25,614$20,575$9,165
20 years$44,863$36,280$29,111$23,199$18,378$7,767
21 years$42,277$33,793$26,776$21,054$16,446$6,590
22 years$39,930$31,544$24,679$19,143$14,742$5,597
23 years$37,790$29,503$22,786$17,434$13,233$4,757
24 years$35,831$27,642$21,073$15,901$11,894$4,047
25 years$34,032$25,941$19,518$14,522$10,703$3,444
26 years$32,373$24,380$18,102$13,278$9,641$2,933
27 years$30,841$22,945$16,809$12,153$8,692$2,498
28 years$29,420$21,621$15,627$11,135$7,843$2,129
29 years$28,100$20,397$14,542$10,211$7,082$1,815
30 years$26,869$19,262$13,545$9,371$6,399$1,548
31 years$25,721$18,209$12,628$8,607$5,785$1,320
32 years$24,647$17,230$11,782$7,910$5,233$1,126
33 years$23,639$16,317$11,001$7,274$4,736$961
34 years$22,693$15,465$10,279$6,693$4,288$820
35 years$21,803$14,668$9,610$6,161$3,884$699
36 years$20,965$13,922$8,990$5,674$3,519$597
37 years$20,173$13,223$8,414$5,228$3,189$510
38 years$19,425$12,566$7,880$4,819$2,891$435
39 years$18,717$11,949$7,382$4,443$2,622$371
40 years$18,046$11,369$6,919$4,098$2,378$317
41 years$17,410$10,822$6,488$3,781$2,158$271
42 years$16,806$10,307$6,086$3,489$1,958$231
43 years$16,231$9,820$5,711$3,221$1,777$197
44 years$15,683$9,361$5,361$2,974$1,613$168
45 years$15,162$8,926$5,034$2,747$1,464$144
46 years$14,665$8,515$4,728$2,537$1,329$123
47 years$14,190$8,126$4,442$2,344$1,207$105
48 years$13,737$7,757$4,174$2,166$1,096$90
49 years$13,303$7,408$3,923$2,002$996$76
50 years$12,888$7,076$3,688$1,850$904$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $13,200,000, adding $2,200 every year, while hoping to spend $26,041 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: 59/26/15 Blend
67$13,200,000$13,200,000$13,200,000$13,200,000
68$14,548,669$13,849,069$13,644,469$15,351,506
69$16,004,926$14,499,966$14,073,852$16,544,762
70$17,608,848$15,181,884$14,516,745$17,842,314
71$19,375,470$15,896,316$14,973,576$19,256,681
72$21,321,359$16,644,827$15,444,782$20,799,129
73$23,464,771$17,429,056$15,930,815$22,482,045
74$25,825,823$18,250,725$16,432,142$24,319,051
75$28,426,682$19,111,636$16,949,245$26,325,126
76$31,291,778$20,013,681$17,482,619$28,516,746
77$34,448,030$20,958,841$18,032,776$30,912,033
78$37,925,100$21,949,196$18,600,246$33,530,923
79$41,755,678$22,986,924$19,185,572$36,395,349
80$45,975,785$24,074,311$19,789,316$39,529,440
81$50,625,115$25,213,752$20,412,058$42,959,749
82$55,747,410$26,407,760$21,054,396$46,715,493
83$61,390,873$27,658,967$21,716,945$50,828,828
84$67,608,623$28,970,137$22,400,343$55,335,141
85$74,459,192$30,344,164$23,105,245$60,273,383
86$82,007,087$31,784,085$23,832,327$65,686,424
87$90,323,388$33,293,083$24,582,288$71,621,459
88$99,486,426$34,874,497$25,355,848$78,130,438
89$109,582,521$36,531,826$26,153,748$85,270,554
90$120,706,795$38,268,742$26,976,755$93,104,774
91$132,964,070$40,089,093$27,825,659$101,702,424
92$146,469,861$41,996,914$28,701,274$111,139,835
93$161,351,461$43,996,438$29,604,442$121,501,056
94$177,749,148$46,092,101$30,536,028$132,878,638
95$195,817,503$48,288,556$31,496,927$145,374,493
96$215,726,876$50,590,683$32,488,061$159,100,854
97$237,664,988$53,003,597$33,510,382$174,181,317
98$261,838,708$55,532,664$34,564,871$190,751,998
99$288,476,002$58,183,511$35,652,540$208,962,809
100$317,828,087$60,962,035$36,774,433$228,978,856