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%14%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,042,991
2 years$543,714$533,587$523,774$514,258$505,029$487,379
3 years$358,875$348,705$338,916$329,490$320,411$303,230
4 years$266,474$256,335$246,644$237,379$228,520$211,941
5 years$211,048$200,970$191,406$182,330$173,717$157,787
6 years$174,109$164,107$154,685$145,811$137,456$122,194
7 years$147,735$137,817$128,544$119,879$111,789$97,199
8 years$127,963$118,135$109,015$100,564$92,740$78,819
9 years$112,593$102,857$93,895$85,658$78,100$64,841
10 years$100,304$90,664$81,860$73,838$66,545$53,937
11 years$90,256$80,713$72,068$64,261$57,231$45,260
12 years$81,889$72,443$63,958$56,366$49,595$38,246
13 years$74,814$65,468$57,143$49,762$43,248$32,503
14 years$68,756$59,508$51,343$44,173$37,911$27,753
15 years$63,510$54,362$46,356$39,395$33,380$23,790
16 years$58,924$49,876$42,028$35,274$29,501$20,459
17 years$54,882$45,934$38,244$31,693$26,158$17,643
18 years$51,293$42,445$34,912$28,562$23,258$15,250
19 years$48,086$39,338$31,960$25,808$20,731$13,208
20 years$45,202$36,554$29,331$23,374$18,517$11,458
21 years$42,597$34,049$26,979$21,214$16,571$9,955
22 years$40,232$31,783$24,866$19,288$14,853$8,660
23 years$38,076$29,726$22,959$17,566$13,333$7,542
24 years$36,102$27,852$21,233$16,021$11,984$6,574
25 years$34,289$26,137$19,666$14,632$10,784$5,735
26 years$32,619$24,565$18,239$13,378$9,714$5,006
27 years$31,074$23,119$16,937$12,246$8,758$4,373
28 years$29,643$21,784$15,745$11,220$7,902$3,822
29 years$28,312$20,551$14,652$10,289$7,136$3,342
30 years$27,073$19,408$13,648$9,442$6,447$2,923
31 years$25,916$18,347$12,723$8,672$5,829$2,558
32 years$24,833$17,360$11,871$7,970$5,273$2,239
33 years$23,818$16,441$11,084$7,329$4,772$1,960
34 years$22,865$15,582$10,356$6,743$4,320$1,717
35 years$21,968$14,779$9,683$6,208$3,913$1,504
36 years$21,123$14,028$9,058$5,717$3,546$1,317
37 years$20,326$13,323$8,478$5,267$3,213$1,154
38 years$19,572$12,662$7,939$4,855$2,913$1,012
39 years$18,859$12,040$7,438$4,477$2,642$887
40 years$18,183$11,455$6,972$4,129$2,396$777
41 years$17,542$10,904$6,537$3,810$2,174$681
42 years$16,933$10,385$6,132$3,516$1,973$597
43 years$16,354$9,895$5,754$3,245$1,790$524
44 years$15,802$9,432$5,401$2,997$1,625$459
45 years$15,277$8,994$5,072$2,768$1,475$403
46 years$14,776$8,580$4,764$2,556$1,339$353
47 years$14,298$8,188$4,475$2,362$1,216$310
48 years$13,841$7,816$4,205$2,182$1,105$272
49 years$13,404$7,464$3,953$2,017$1,003$238
50 years$12,985$7,130$3,716$1,864$911$209

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 $5,810 every year, while hoping to spend $36,556 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: 32/47/21 Blend
67$13,300,000$13,300,000$13,300,000$13,300,000
68$14,662,593$13,957,693$13,751,543$15,036,369
69$16,119,282$14,602,725$14,173,324$15,962,431
70$17,723,328$15,278,138$14,608,010$16,955,500
71$19,489,724$15,985,382$15,055,994$18,024,402
72$21,434,988$16,725,978$15,517,682$19,175,800
73$23,577,324$17,501,518$15,993,492$20,416,990
74$25,936,791$18,313,673$16,483,854$21,755,962
75$28,535,494$19,164,193$16,989,213$23,201,470
76$31,397,788$20,054,912$17,510,026$24,763,108
77$34,550,514$20,987,754$18,046,763$26,451,391
78$38,023,248$21,964,736$18,599,911$28,277,848
79$41,848,581$22,987,970$19,169,970$30,255,122
80$46,062,427$24,059,671$19,757,455$32,397,084
81$50,704,362$25,182,163$20,362,897$34,718,948
82$55,817,997$26,357,879$20,986,844$37,237,413
83$61,451,389$27,589,371$21,629,860$39,970,807
84$67,657,496$28,879,315$22,292,526$42,939,250
85$74,494,675$30,230,516$22,975,439$46,164,834
86$82,027,233$31,645,913$23,679,218$49,671,819
87$90,326,037$33,128,589$24,404,498$53,486,854
88$99,469,177$34,681,774$25,151,933$57,639,212
89$109,542,710$36,308,857$25,922,199$62,161,057
90$120,641,464$38,013,389$26,715,991$67,087,730
91$132,869,941$39,799,093$27,534,025$72,458,075
92$146,343,299$41,669,873$28,377,038$78,314,786
93$161,188,439$43,629,820$29,245,793$84,704,796
94$177,545,204$45,683,226$30,141,071$91,679,705
95$195,567,699$47,834,588$31,063,681$99,296,249
96$215,425,745$50,088,623$32,014,455$107,616,820
97$237,306,480$52,450,275$32,994,248$116,710,035
98$261,416,131$54,924,728$34,003,945$126,651,364
99$287,981,954$57,517,418$35,044,455$137,523,826
100$317,254,385$60,234,042$36,116,716$149,418,746