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

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,040,851
2 years$543,714$533,587$523,774$514,258$505,029$485,245
3 years$358,875$348,705$338,916$329,490$320,411$301,170
4 years$266,474$256,335$246,644$237,379$228,520$209,970
5 years$211,048$200,970$191,406$182,330$173,717$155,911
6 years$174,109$164,107$154,685$145,811$137,456$120,414
7 years$147,735$137,817$128,544$119,879$111,789$95,514
8 years$127,963$118,135$109,015$100,564$92,740$77,229
9 years$112,593$102,857$93,895$85,658$78,100$63,344
10 years$100,304$90,664$81,860$73,838$66,545$52,530
11 years$90,256$80,713$72,068$64,261$57,231$43,941
12 years$81,889$72,443$63,958$56,366$49,595$37,012
13 years$74,814$65,468$57,143$49,762$43,248$31,351
14 years$68,756$59,508$51,343$44,173$37,911$26,679
15 years$63,510$54,362$46,356$39,395$33,380$22,790
16 years$58,924$49,876$42,028$35,274$29,501$19,531
17 years$54,882$45,934$38,244$31,693$26,158$16,782
18 years$51,293$42,445$34,912$28,562$23,258$14,454
19 years$48,086$39,338$31,960$25,808$20,731$12,472
20 years$45,202$36,554$29,331$23,374$18,517$10,780
21 years$42,597$34,049$26,979$21,214$16,571$9,330
22 years$40,232$31,783$24,866$19,288$14,853$8,085
23 years$38,076$29,726$22,959$17,566$13,333$7,014
24 years$36,102$27,852$21,233$16,021$11,984$6,090
25 years$34,289$26,137$19,666$14,632$10,784$5,292
26 years$32,619$24,565$18,239$13,378$9,714$4,601
27 years$31,074$23,119$16,937$12,246$8,758$4,003
28 years$29,643$21,784$15,745$11,220$7,902$3,484
29 years$28,312$20,551$14,652$10,289$7,136$3,034
30 years$27,073$19,408$13,648$9,442$6,447$2,643
31 years$25,916$18,347$12,723$8,672$5,829$2,303
32 years$24,833$17,360$11,871$7,970$5,273$2,008
33 years$23,818$16,441$11,084$7,329$4,772$1,751
34 years$22,865$15,582$10,356$6,743$4,320$1,527
35 years$21,968$14,779$9,683$6,208$3,913$1,332
36 years$21,123$14,028$9,058$5,717$3,546$1,162
37 years$20,326$13,323$8,478$5,267$3,213$1,014
38 years$19,572$12,662$7,939$4,855$2,913$884
39 years$18,859$12,040$7,438$4,477$2,642$772
40 years$18,183$11,455$6,972$4,129$2,396$674
41 years$17,542$10,904$6,537$3,810$2,174$588
42 years$16,933$10,385$6,132$3,516$1,973$513
43 years$16,354$9,895$5,754$3,245$1,790$448
44 years$15,802$9,432$5,401$2,997$1,625$391
45 years$15,277$8,994$5,072$2,768$1,475$342
46 years$14,776$8,580$4,764$2,556$1,339$298
47 years$14,298$8,188$4,475$2,362$1,216$260
48 years$13,841$7,816$4,205$2,182$1,105$227
49 years$13,404$7,464$3,953$2,017$1,003$199
50 years$12,985$7,130$3,716$1,864$911$173

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 $2,433 every year, while hoping to spend $32,148 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: 71/9/20 Blend
67$13,300,000$13,300,000$13,300,000$13,300,000
68$14,659,110$13,954,210$13,748,060$15,628,512
69$16,120,134$14,603,761$14,174,414$16,924,165
70$17,729,105$15,284,062$14,613,975$18,338,230
71$19,501,079$15,996,587$15,067,149$19,885,692
72$21,452,649$16,742,880$15,534,358$21,579,764
73$23,602,096$17,524,558$16,016,036$23,434,994
74$25,969,567$18,343,318$16,512,630$25,467,398
75$28,577,262$19,200,940$17,024,602$27,694,608
76$31,449,643$20,099,287$17,552,427$30,136,040
77$34,613,669$21,040,314$18,096,596$32,813,072
78$38,099,045$22,026,071$18,657,614$35,749,242
79$41,938,505$23,058,706$19,236,001$38,970,475
80$46,168,121$24,140,471$19,832,295$42,505,317
81$50,827,641$25,273,726$20,447,049$46,385,206
82$55,960,870$26,460,948$21,080,834$50,644,766
83$61,616,075$27,704,731$21,734,239$55,322,131
84$67,846,448$29,007,796$22,407,869$60,459,300
85$74,710,604$30,372,996$23,102,351$66,102,534
86$82,273,133$31,803,320$23,818,327$72,302,785
87$90,605,215$33,301,905$24,556,464$79,116,179
88$99,785,286$34,872,038$25,317,445$86,604,539
89$109,899,783$36,517,165$26,101,976$94,835,965
90$121,043,954$38,240,900$26,910,786$103,885,473
91$133,322,764$40,047,031$27,744,624$113,835,704
92$146,851,882$41,939,530$28,604,264$124,777,692
93$161,758,770$43,922,564$29,490,504$136,811,728
94$178,183,893$46,000,498$30,404,164$150,048,293
95$196,282,039$48,177,911$31,346,092$164,609,106
96$216,223,782$50,459,604$32,317,162$180,628,261
97$238,197,094$52,850,611$33,318,273$198,253,492
98$262,409,116$55,356,210$34,350,353$217,647,562
99$289,088,116$57,981,934$35,414,360$238,989,791
100$318,485,642$60,733,587$36,511,279$262,477,748