Can I retire at age 68 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,036,185
2 years$543,714$533,587$523,774$514,258$505,029$480,605
3 years$358,875$348,705$338,916$329,490$320,411$296,702
4 years$266,474$256,335$246,644$237,379$228,520$205,709
5 years$211,048$200,970$191,406$182,330$173,717$151,868
6 years$174,109$164,107$154,685$145,811$137,456$116,591
7 years$147,735$137,817$128,544$119,879$111,789$91,911
8 years$127,963$118,135$109,015$100,564$92,740$73,842
9 years$112,593$102,857$93,895$85,658$78,100$60,168
10 years$100,304$90,664$81,860$73,838$66,545$49,559
11 years$90,256$80,713$72,068$64,261$57,231$41,168
12 years$81,889$72,443$63,958$56,366$49,595$34,429
13 years$74,814$65,468$57,143$49,762$43,248$28,951
14 years$68,756$59,508$51,343$44,173$37,911$24,453
15 years$63,510$54,362$46,356$39,395$33,380$20,730
16 years$58,924$49,876$42,028$35,274$29,501$17,627
17 years$54,882$45,934$38,244$31,693$26,158$15,027
18 years$51,293$42,445$34,912$28,562$23,258$12,838
19 years$48,086$39,338$31,960$25,808$20,731$10,988
20 years$45,202$36,554$29,331$23,374$18,517$9,419
21 years$42,597$34,049$26,979$21,214$16,571$8,084
22 years$40,232$31,783$24,866$19,288$14,853$6,946
23 years$38,076$29,726$22,959$17,566$13,333$5,974
24 years$36,102$27,852$21,233$16,021$11,984$5,143
25 years$34,289$26,137$19,666$14,632$10,784$4,430
26 years$32,619$24,565$18,239$13,378$9,714$3,818
27 years$31,074$23,119$16,937$12,246$8,758$3,292
28 years$29,643$21,784$15,745$11,220$7,902$2,840
29 years$28,312$20,551$14,652$10,289$7,136$2,451
30 years$27,073$19,408$13,648$9,442$6,447$2,116
31 years$25,916$18,347$12,723$8,672$5,829$1,827
32 years$24,833$17,360$11,871$7,970$5,273$1,578
33 years$23,818$16,441$11,084$7,329$4,772$1,363
34 years$22,865$15,582$10,356$6,743$4,320$1,178
35 years$21,968$14,779$9,683$6,208$3,913$1,018
36 years$21,123$14,028$9,058$5,717$3,546$880
37 years$20,326$13,323$8,478$5,267$3,213$761
38 years$19,572$12,662$7,939$4,855$2,913$658
39 years$18,859$12,040$7,438$4,477$2,642$569
40 years$18,183$11,455$6,972$4,129$2,396$492
41 years$17,542$10,904$6,537$3,810$2,174$425
42 years$16,933$10,385$6,132$3,516$1,973$368
43 years$16,354$9,895$5,754$3,245$1,790$318
44 years$15,802$9,432$5,401$2,997$1,625$275
45 years$15,277$8,994$5,072$2,768$1,475$238
46 years$14,776$8,580$4,764$2,556$1,339$206
47 years$14,298$8,188$4,475$2,362$1,216$178
48 years$13,841$7,816$4,205$2,182$1,105$154
49 years$13,404$7,464$3,953$2,017$1,003$133
50 years$12,985$7,130$3,716$1,864$911$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $13,300,000, adding $3,496 every year, while hoping to spend $21,779 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: 33/45/22 Blend
67$13,300,000$13,300,000$13,300,000$13,300,000
68$14,660,206$13,955,306$13,749,156$15,044,851
69$16,132,374$14,615,943$14,186,580$15,993,220
70$17,753,974$15,308,222$14,637,928$17,012,390
71$19,540,224$16,033,669$15,103,643$18,110,362
72$21,507,894$16,793,887$15,584,183$19,294,095
73$23,675,466$17,590,554$16,080,020$20,571,210
74$26,063,304$18,425,432$16,591,641$21,950,054
75$28,693,849$19,300,366$17,119,549$23,439,775
76$31,591,831$20,217,292$17,664,262$25,050,397
77$34,784,499$21,178,241$18,226,317$26,792,911
78$38,301,884$22,185,342$18,806,265$28,679,366
79$42,177,078$23,240,825$19,404,676$30,722,982
80$46,446,546$24,347,031$20,022,138$32,938,256
81$51,150,473$25,506,415$20,659,259$35,341,101
82$56,333,141$26,721,549$21,316,665$37,948,975
83$62,043,349$27,995,133$21,995,001$40,781,047
84$68,334,872$29,329,996$22,694,934$43,858,359
85$75,266,967$30,729,104$23,417,153$47,204,018
86$82,904,938$32,195,570$24,162,368$50,843,402
87$91,320,745$33,732,656$24,931,310$54,804,389
88$100,593,688$35,343,783$25,724,736$59,117,602
89$110,811,156$37,032,540$26,543,426$63,816,692
90$122,069,448$38,802,689$27,388,185$68,938,640
91$134,474,686$40,658,175$28,259,844$74,524,088
92$148,143,813$42,603,135$29,159,259$80,617,713
93$163,205,703$44,641,909$30,087,314$87,268,629
94$179,802,368$46,779,047$31,044,923$94,530,837
95$198,090,309$49,019,319$32,033,027$102,463,715
96$218,241,985$51,367,730$33,052,597$111,132,563
97$240,447,445$53,829,526$34,104,637$120,609,200
98$264,916,122$56,410,211$35,190,181$130,972,622
99$291,878,810$59,115,555$36,310,295$142,309,724
100$321,589,842$61,951,611$37,466,083$154,716,106