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

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,028,986
2 years$547,802$537,599$527,712$518,125$508,826$469,428
3 years$361,573$351,327$341,464$331,968$322,820$284,812
4 years$268,478$258,263$248,499$239,164$230,238$193,909
5 years$212,635$202,481$192,845$183,701$175,023$140,468
6 years$175,418$165,341$155,848$146,907$138,490$105,734
7 years$148,845$138,853$129,510$120,780$112,629$81,663
8 years$128,925$119,023$109,835$101,320$93,437$64,233
9 years$113,439$103,631$94,601$86,302$78,687$51,205
10 years$101,058$91,345$82,475$74,393$67,046$41,236
11 years$90,935$81,319$72,610$64,744$57,661$33,469
12 years$82,505$72,988$64,439$56,789$49,968$27,332
13 years$75,377$65,960$57,572$50,137$43,573$22,430
14 years$69,273$59,956$51,729$44,506$38,196$18,479
15 years$63,987$54,771$46,704$39,691$33,631$15,272
16 years$59,367$50,251$42,344$35,539$29,723$12,655
17 years$55,295$46,279$38,532$31,932$26,354$10,508
18 years$51,679$42,764$35,174$28,777$23,433$8,741
19 years$48,447$39,633$32,200$26,002$20,887$7,281
20 years$45,542$36,829$29,552$23,550$18,656$6,072
21 years$42,918$34,305$27,182$21,373$16,695$5,069
22 years$40,535$32,022$25,053$19,433$14,965$4,235
23 years$38,362$29,950$23,132$17,698$13,433$3,541
24 years$36,374$28,061$21,393$16,142$12,074$2,962
25 years$34,547$26,334$19,814$14,742$10,865$2,479
26 years$32,864$24,750$18,376$13,479$9,787$2,075
27 years$31,308$23,292$17,064$12,338$8,824$1,738
28 years$29,866$21,948$15,863$11,304$7,962$1,456
29 years$28,525$20,706$14,762$10,366$7,189$1,220
30 years$27,277$19,554$13,750$9,513$6,496$1,023
31 years$26,111$18,485$12,819$8,737$5,873$857
32 years$25,020$17,491$11,960$8,030$5,312$719
33 years$23,997$16,564$11,168$7,384$4,808$602
34 years$23,037$15,699$10,434$6,794$4,353$505
35 years$22,134$14,890$9,755$6,254$3,943$424
36 years$21,282$14,133$9,126$5,760$3,572$355
37 years$20,479$13,423$8,542$5,307$3,238$298
38 years$19,720$12,757$7,999$4,892$2,935$250
39 years$19,001$12,130$7,494$4,510$2,662$210
40 years$18,320$11,541$7,024$4,160$2,414$176
41 years$17,674$10,986$6,586$3,838$2,190$147
42 years$17,060$10,463$6,178$3,542$1,987$124
43 years$16,477$9,969$5,798$3,270$1,804$104
44 years$15,921$9,502$5,442$3,019$1,637$87
45 years$15,392$9,061$5,110$2,788$1,486$73
46 years$14,887$8,644$4,799$2,576$1,350$61
47 years$14,405$8,249$4,509$2,380$1,225$51
48 years$13,945$7,875$4,237$2,199$1,113$43
49 years$13,504$7,520$3,983$2,032$1,011$36
50 years$13,083$7,184$3,744$1,878$918$30

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 $3,302 every year, while hoping to spend $38,699 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: 55/28/17 Blend
67$13,400,000$13,400,000$13,400,000$13,400,000
68$14,770,206$14,060,006$13,852,306$15,515,451
69$16,235,592$14,707,771$14,275,183$16,671,546
70$17,849,149$15,385,979$14,710,929$17,925,383
71$19,625,952$16,096,082$15,159,935$19,289,864
72$21,582,609$16,839,599$15,622,602$20,775,572
73$23,737,421$17,618,126$16,099,346$22,394,142
74$26,110,556$18,433,332$16,590,591$24,158,361
75$28,724,236$19,286,968$17,096,779$26,082,292
76$31,602,949$20,180,871$17,618,362$28,181,394
77$34,773,679$21,116,963$18,155,807$30,472,671
78$38,266,162$22,097,261$18,709,594$32,974,821
79$42,113,163$23,123,879$19,280,217$35,708,412
80$46,350,789$24,199,033$19,868,189$38,696,068
81$51,018,829$25,325,045$20,474,032$41,962,681
82$56,161,127$26,504,350$21,098,290$45,535,635
83$61,825,999$27,739,500$21,741,519$49,445,060
84$68,066,685$29,033,170$22,404,295$53,724,114
85$74,941,856$30,388,164$23,087,207$58,409,285
86$82,516,164$31,807,423$23,790,868$63,540,728
87$90,860,854$33,294,028$24,515,903$69,162,641
88$100,054,435$34,851,209$25,262,960$75,323,671
89$110,183,424$36,482,355$26,032,705$82,077,368
90$121,343,158$38,191,015$26,825,826$89,482,680
91$133,638,697$39,980,911$27,643,028$97,604,501
92$147,185,814$41,855,947$28,485,040$106,514,275
93$162,112,091$43,820,212$29,352,612$116,290,664
94$178,558,118$45,877,996$30,246,518$127,020,274
95$196,678,823$48,033,795$31,167,554$138,798,469
96$216,644,936$50,292,323$32,116,539$151,730,255
97$238,644,595$52,658,523$33,094,319$165,931,266
98$262,885,128$55,137,575$34,101,763$181,528,837
99$289,595,008$57,734,913$35,139,769$198,663,198
100$319,026,006$60,456,231$36,209,259$217,488,785