Can I retire at age 68 with 13,500,000?

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 $13,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,061,298
2 years$551,890$541,611$531,650$521,992$512,623$497,328
3 years$364,272$353,949$344,013$334,445$325,229$310,325
4 years$270,481$260,190$250,353$240,949$231,956$217,558
5 years$214,222$203,992$194,284$185,072$176,329$162,479
6 years$176,727$166,575$157,011$148,003$139,524$126,237
7 years$149,956$139,889$130,477$121,682$113,470$100,752
8 years$129,887$119,911$110,654$102,076$94,134$81,983
9 years$114,286$104,404$95,307$86,946$79,275$67,685
10 years$101,812$92,027$83,091$74,948$67,546$56,509
11 years$91,613$81,926$73,152$65,227$58,092$47,597
12 years$83,120$73,533$64,920$57,213$50,341$40,376
13 years$75,940$66,452$58,002$50,511$43,898$34,449
14 years$69,790$60,403$52,115$44,838$38,481$29,533
15 years$64,465$55,179$47,053$39,987$33,882$25,419
16 years$59,810$50,626$42,660$35,804$29,945$21,952
17 years$55,707$46,625$38,819$32,170$26,551$19,011
18 years$52,064$43,083$35,437$28,992$23,608$16,504
19 years$48,809$39,929$32,441$26,196$21,042$14,357
20 years$45,882$37,104$29,772$23,726$18,795$12,511
21 years$43,238$34,561$27,385$21,533$16,820$10,919
22 years$40,837$32,261$25,239$19,578$15,077$9,542
23 years$38,649$30,173$23,304$17,830$13,534$8,349
24 years$36,645$28,271$21,552$16,262$12,164$7,311
25 years$34,805$26,531$19,962$14,852$10,946$6,409
26 years$33,109$24,934$18,514$13,580$9,860$5,621
27 years$31,542$23,466$17,192$12,430$8,889$4,934
28 years$30,089$22,112$15,982$11,388$8,021$4,333
29 years$28,738$20,860$14,872$10,443$7,243$3,807
30 years$27,480$19,700$13,853$9,584$6,544$3,347
31 years$26,306$18,623$12,915$8,802$5,917$2,943
32 years$25,207$17,621$12,050$8,090$5,352$2,589
33 years$24,177$16,688$11,251$7,439$4,844$2,278
34 years$23,209$15,816$10,512$6,845$4,385$2,005
35 years$22,299$15,001$9,828$6,301$3,972$1,765
36 years$21,441$14,239$9,194$5,803$3,599$1,555
37 years$20,632$13,523$8,605$5,347$3,262$1,369
38 years$19,867$12,852$8,059$4,928$2,957$1,206
39 years$19,143$12,221$7,550$4,544$2,682$1,062
40 years$18,457$11,627$7,077$4,191$2,432$936
41 years$17,806$11,068$6,636$3,867$2,207$825
42 years$17,187$10,541$6,224$3,569$2,002$727
43 years$16,600$10,043$5,841$3,294$1,817$641
44 years$16,040$9,573$5,483$3,042$1,649$565
45 years$15,507$9,129$5,148$2,809$1,497$498
46 years$14,998$8,709$4,835$2,595$1,360$439
47 years$14,513$8,311$4,543$2,397$1,235$387
48 years$14,049$7,934$4,269$2,215$1,121$341
49 years$13,605$7,576$4,012$2,047$1,018$300
50 years$13,181$7,237$3,772$1,892$925$265

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $13,500,000, adding $4,556 every year, while hoping to spend $54,768 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: 43/40/17 Blend
67$13,500,000$13,500,000$13,500,000$13,500,000
68$14,881,700$14,166,200$13,956,950$15,447,821
69$16,341,360$14,802,071$14,366,235$16,482,571
70$17,948,071$15,467,264$14,787,395$17,597,165
71$19,716,772$16,163,158$15,220,771$18,803,552
72$21,663,928$16,891,198$15,666,712$20,110,201
73$23,807,679$17,652,897$16,125,578$21,526,408
74$26,168,015$18,449,842$16,597,737$23,062,375
75$28,766,962$19,283,693$17,083,570$24,729,302
76$31,628,790$20,156,192$17,583,468$26,539,491
77$34,780,244$21,069,163$18,097,832$28,506,450
78$38,250,794$22,024,517$18,627,074$30,645,020
79$42,072,913$23,024,257$19,171,619$32,971,502
80$46,282,386$24,070,480$19,731,904$35,503,810
81$50,918,642$25,165,387$20,308,376$38,261,631
82$56,025,134$26,311,282$20,901,497$41,266,603
83$61,649,741$27,510,577$21,511,740$44,542,511
84$67,845,224$28,765,805$22,139,593$48,115,502
85$74,669,723$30,079,616$22,785,556$52,014,329
86$82,187,306$31,454,789$23,450,143$56,270,607
87$90,468,573$32,894,235$24,133,885$60,919,105
88$99,591,322$34,401,006$24,837,324$65,998,064
89$109,641,281$35,978,300$25,561,019$71,549,549
90$120,712,923$37,629,469$26,305,544$77,619,833
91$132,910,352$39,358,024$27,071,491$84,259,825
92$146,348,287$41,167,646$27,859,465$91,525,536
93$161,153,146$43,062,194$28,670,091$99,478,601
94$177,464,236$45,045,711$29,504,008$108,186,840
95$195,435,072$47,122,434$30,361,876$117,724,892
96$215,234,821$49,296,805$31,244,371$128,174,902
97$237,049,905$51,573,480$32,152,189$139,627,282
98$261,085,752$53,957,338$33,086,044$152,181,552
99$287,568,744$56,453,492$34,046,671$165,947,258
100$316,748,346$59,067,304$35,034,826$181,044,996