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%16.8%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,031,159
2 years$543,714$533,587$523,774$514,258$505,029$475,627
3 years$358,875$348,705$338,916$329,490$320,411$291,929
4 years$266,474$256,335$246,644$237,379$228,520$201,177
5 years$211,048$200,970$191,406$182,330$173,717$147,588
6 years$174,109$164,107$154,685$145,811$137,456$112,566
7 years$147,735$137,817$128,544$119,879$111,789$88,137
8 years$127,963$118,135$109,015$100,564$92,740$70,314
9 years$112,593$102,857$93,895$85,658$78,100$56,880
10 years$100,304$90,664$81,860$73,838$66,545$46,502
11 years$90,256$80,713$72,068$64,261$57,231$38,334
12 years$81,889$72,443$63,958$56,366$49,595$31,807
13 years$74,814$65,468$57,143$49,762$43,248$26,532
14 years$68,756$59,508$51,343$44,173$37,911$22,226
15 years$63,510$54,362$46,356$39,395$33,380$18,684
16 years$58,924$49,876$42,028$35,274$29,501$15,752
17 years$54,882$45,934$38,244$31,693$26,158$13,313
18 years$51,293$42,445$34,912$28,562$23,258$11,273
19 years$48,086$39,338$31,960$25,808$20,731$9,562
20 years$45,202$36,554$29,331$23,374$18,517$8,122
21 years$42,597$34,049$26,979$21,214$16,571$6,907
22 years$40,232$31,783$24,866$19,288$14,853$5,880
23 years$38,076$29,726$22,959$17,566$13,333$5,010
24 years$36,102$27,852$21,233$16,021$11,984$4,272
25 years$34,289$26,137$19,666$14,632$10,784$3,644
26 years$32,619$24,565$18,239$13,378$9,714$3,111
27 years$31,074$23,119$16,937$12,246$8,758$2,656
28 years$29,643$21,784$15,745$11,220$7,902$2,269
29 years$28,312$20,551$14,652$10,289$7,136$1,939
30 years$27,073$19,408$13,648$9,442$6,447$1,658
31 years$25,916$18,347$12,723$8,672$5,829$1,417
32 years$24,833$17,360$11,871$7,970$5,273$1,212
33 years$23,818$16,441$11,084$7,329$4,772$1,037
34 years$22,865$15,582$10,356$6,743$4,320$887
35 years$21,968$14,779$9,683$6,208$3,913$759
36 years$21,123$14,028$9,058$5,717$3,546$649
37 years$20,326$13,323$8,478$5,267$3,213$555
38 years$19,572$12,662$7,939$4,855$2,913$475
39 years$18,859$12,040$7,438$4,477$2,642$407
40 years$18,183$11,455$6,972$4,129$2,396$348
41 years$17,542$10,904$6,537$3,810$2,174$298
42 years$16,933$10,385$6,132$3,516$1,973$255
43 years$16,354$9,895$5,754$3,245$1,790$218
44 years$15,802$9,432$5,401$2,997$1,625$187
45 years$15,277$8,994$5,072$2,768$1,475$160
46 years$14,776$8,580$4,764$2,556$1,339$137
47 years$14,298$8,188$4,475$2,362$1,216$117
48 years$13,841$7,816$4,205$2,182$1,105$100
49 years$13,404$7,464$3,953$2,017$1,003$86
50 years$12,985$7,130$3,716$1,864$911$74

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 $2,366 every year, while hoping to spend $45,548 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: 74/14/12 Blend
67$13,300,000$13,300,000$13,300,000$13,300,000
68$14,659,041$13,954,141$13,747,991$15,708,274
69$16,105,800$14,589,431$14,160,085$17,036,881
70$17,698,602$15,254,324$14,584,459$18,486,188
71$19,452,296$15,950,221$15,021,474$20,072,824
72$21,383,242$16,678,594$15,471,506$21,810,394
73$23,509,469$17,440,981$15,934,937$23,713,873
74$25,850,843$18,238,998$16,412,166$25,799,748
75$28,429,254$19,074,334$16,903,599$28,086,170
76$31,268,825$19,948,763$17,409,656$30,593,122
77$34,396,135$20,864,143$17,930,770$33,342,606
78$37,840,474$21,822,419$18,467,384$36,358,848
79$41,634,118$22,825,633$19,019,957$39,668,525
80$45,812,632$23,875,923$19,588,959$43,301,012
81$50,415,207$24,975,530$20,174,876$47,288,659
82$55,485,029$26,126,802$20,778,206$51,667,090
83$61,069,689$27,332,202$21,399,463$56,475,540
84$67,221,628$28,594,311$22,039,175$61,757,216
85$73,998,634$29,915,832$22,697,887$67,559,711
86$81,464,386$31,299,599$23,376,158$73,935,439
87$89,689,059$32,748,586$24,074,566$80,942,133
88$98,749,981$34,265,904$24,793,701$88,643,385
89$108,732,365$35,854,819$25,534,176$97,109,239
90$119,730,114$37,518,753$26,296,619$106,416,852
91$131,846,705$39,261,291$27,081,675$116,651,214
92$145,196,168$41,086,194$27,890,010$127,905,950
93$159,904,161$42,997,401$28,722,309$140,284,194
94$176,109,156$44,999,044$29,579,277$153,899,563
95$193,963,745$47,095,452$30,461,638$168,877,219
96$213,636,083$49,291,166$31,370,139$185,355,048
97$235,311,473$51,590,942$32,305,548$203,484,954
98$259,194,115$53,999,770$33,268,656$223,434,290
99$285,509,034$56,522,878$34,260,275$245,387,428
100$314,504,204$59,165,747$35,281,242$269,547,496