Can I retire at age 68 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,043,127
2 years$547,802$537,599$527,712$518,125$508,826$483,377
3 years$361,573$351,327$341,464$331,968$322,820$298,125
4 years$268,478$258,263$248,499$239,164$230,238$206,486
5 years$212,635$202,481$192,845$183,701$175,023$152,282
6 years$175,418$165,341$155,848$146,907$138,490$116,782
7 years$148,845$138,853$129,510$120,780$112,629$91,957
8 years$128,925$119,023$109,835$101,320$93,437$73,793
9 years$113,439$103,631$94,601$86,302$78,687$60,056
10 years$101,058$91,345$82,475$74,393$67,046$49,405
11 years$90,935$81,319$72,610$64,744$57,661$40,988
12 years$82,505$72,988$64,439$56,789$49,968$34,234
13 years$75,377$65,960$57,572$50,137$43,573$28,748
14 years$69,273$59,956$51,729$44,506$38,196$24,249
15 years$63,987$54,771$46,704$39,691$33,631$20,528
16 years$59,367$50,251$42,344$35,539$29,723$17,431
17 years$55,295$46,279$38,532$31,932$26,354$14,838
18 years$51,679$42,764$35,174$28,777$23,433$12,658
19 years$48,447$39,633$32,200$26,002$20,887$10,818
20 years$45,542$36,829$29,552$23,550$18,656$9,259
21 years$42,918$34,305$27,182$21,373$16,695$7,935
22 years$40,535$32,022$25,053$19,433$14,965$6,807
23 years$38,362$29,950$23,132$17,698$13,433$5,846
24 years$36,374$28,061$21,393$16,142$12,074$5,024
25 years$34,547$26,334$19,814$14,742$10,865$4,320
26 years$32,864$24,750$18,376$13,479$9,787$3,718
27 years$31,308$23,292$17,064$12,338$8,824$3,200
28 years$29,866$21,948$15,863$11,304$7,962$2,757
29 years$28,525$20,706$14,762$10,366$7,189$2,375
30 years$27,277$19,554$13,750$9,513$6,496$2,047
31 years$26,111$18,485$12,819$8,737$5,873$1,765
32 years$25,020$17,491$11,960$8,030$5,312$1,522
33 years$23,997$16,564$11,168$7,384$4,808$1,312
34 years$23,037$15,699$10,434$6,794$4,353$1,132
35 years$22,134$14,890$9,755$6,254$3,943$977
36 years$21,282$14,133$9,126$5,760$3,572$843
37 years$20,479$13,423$8,542$5,307$3,238$727
38 years$19,720$12,757$7,999$4,892$2,935$628
39 years$19,001$12,130$7,494$4,510$2,662$542
40 years$18,320$11,541$7,024$4,160$2,414$468
41 years$17,674$10,986$6,586$3,838$2,190$404
42 years$17,060$10,463$6,178$3,542$1,987$348
43 years$16,477$9,969$5,798$3,270$1,804$301
44 years$15,921$9,502$5,442$3,019$1,637$260
45 years$15,392$9,061$5,110$2,788$1,486$224
46 years$14,887$8,644$4,799$2,576$1,350$194
47 years$14,405$8,249$4,509$2,380$1,225$167
48 years$13,945$7,875$4,237$2,199$1,113$144
49 years$13,504$7,520$3,983$2,032$1,011$125
50 years$13,083$7,184$3,744$1,878$918$108

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $13,400,000, adding $6,307 every year, while hoping to spend $49,178 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: 72/13/15 Blend
67$13,400,000$13,400,000$13,400,000$13,400,000
68$14,773,306$14,063,106$13,855,406$15,786,900
69$16,227,858$14,699,873$14,267,237$17,096,671
70$17,829,126$15,366,193$14,691,216$18,523,914
71$19,592,024$16,063,463$15,127,698$20,085,564
72$21,532,983$16,793,146$15,577,049$21,794,915
73$23,670,111$17,556,774$16,039,644$23,666,601
74$26,023,360$18,355,954$16,515,870$25,716,733
75$28,614,716$19,192,369$17,006,125$27,963,045
76$31,468,405$20,067,783$17,510,818$30,425,065
77$34,611,123$20,984,044$18,030,371$33,124,291
78$38,072,285$21,943,090$18,565,216$36,084,394
79$41,884,307$22,946,951$19,115,799$39,331,440
80$46,082,907$23,997,752$19,682,580$42,894,131
81$50,707,447$25,097,725$20,266,029$46,804,075
82$55,801,298$26,249,205$20,866,632$51,096,079
83$61,412,255$27,454,641$21,484,889$55,808,476
84$67,592,985$28,716,598$22,121,313$60,983,485
85$74,401,525$30,037,767$22,776,433$66,667,604
86$81,901,829$31,420,966$23,450,792$72,912,044
87$90,164,371$32,869,150$24,144,949$79,773,213
88$99,266,813$34,385,413$24,859,481$87,313,242
89$109,294,732$35,973,003$25,594,977$95,600,566
90$120,342,434$37,635,319$26,352,049$104,710,570
91$132,513,840$39,375,928$27,131,320$114,726,292
92$145,923,469$41,198,566$27,933,437$125,739,206
93$160,697,516$43,107,149$28,759,060$137,850,077
94$176,975,047$45,105,783$29,608,873$151,169,911
95$194,909,307$47,198,771$30,483,575$165,820,995
96$214,669,169$49,390,624$31,383,888$181,938,048
97$236,440,730$51,686,070$32,310,553$199,669,484
98$260,429,062$54,090,065$33,264,334$219,178,812
99$286,860,152$56,607,804$34,246,015$240,646,169
100$315,983,034$59,244,733$35,256,404$264,270,017