Can I retire at age 68 with 13,600,000?

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 $13,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,123,075$1,113,072$1,103,311$1,093,785$1,084,483$1,052,298
2 years$555,978$545,623$535,588$525,858$516,421$484,260
3 years$366,970$356,571$346,561$336,922$327,638$296,511
4 years$272,485$262,117$252,208$242,734$233,674$203,819
5 years$215,808$205,503$195,723$186,443$177,636$149,134
6 years$178,036$167,809$158,174$149,100$140,557$113,434
7 years$151,067$140,926$131,443$122,583$114,310$88,565
8 years$130,849$120,799$111,474$102,832$94,832$70,448
9 years$115,133$105,177$96,013$87,590$79,862$56,815
10 years$102,567$92,709$83,706$75,503$68,046$46,305
11 years$92,292$82,533$73,693$65,711$58,522$38,048
12 years$83,736$74,077$65,401$57,637$50,714$31,467
13 years$76,502$66,944$58,431$50,885$44,224$26,159
14 years$70,307$60,850$52,501$45,170$38,766$21,838
15 years$64,942$55,588$47,401$40,284$34,133$18,294
16 years$60,253$51,001$42,976$36,070$30,167$15,368
17 years$56,120$46,970$39,107$32,408$26,748$12,940
18 years$52,450$43,402$35,699$29,206$23,783$10,917
19 years$49,170$40,225$32,681$26,390$21,198$9,226
20 years$46,222$37,379$29,993$23,902$18,935$7,807
21 years$43,558$34,817$27,588$21,692$16,944$6,613
22 years$41,140$32,500$25,426$19,723$15,188$5,608
23 years$38,935$30,397$23,477$17,962$13,634$4,759
24 years$36,917$28,480$21,712$16,383$12,254$4,042
25 years$35,063$26,727$20,110$14,962$11,027$3,434
26 years$33,354$25,119$18,651$13,680$9,933$2,920
27 years$31,775$23,640$17,319$12,522$8,955$2,483
28 years$30,311$22,276$16,100$11,473$8,080$2,113
29 years$28,951$21,015$14,983$10,521$7,296$1,798
30 years$27,684$19,846$13,956$9,655$6,593$1,531
31 years$26,500$18,761$13,010$8,868$5,961$1,303
32 years$25,393$17,752$12,139$8,150$5,392$1,110
33 years$24,356$16,811$11,334$7,494$4,880$945
34 years$23,381$15,933$10,590$6,895$4,418$805
35 years$22,464$15,113$9,901$6,348$4,001$686
36 years$21,600$14,344$9,262$5,846$3,625$585
37 years$20,785$13,624$8,669$5,386$3,286$498
38 years$20,014$12,947$8,118$4,965$2,979$424
39 years$19,284$12,311$7,606$4,578$2,701$362
40 years$18,593$11,713$7,129$4,222$2,450$308
41 years$17,938$11,150$6,685$3,896$2,223$263
42 years$17,315$10,619$6,271$3,595$2,017$224
43 years$16,723$10,118$5,884$3,319$1,831$191
44 years$16,159$9,644$5,523$3,064$1,662$163
45 years$15,622$9,197$5,186$2,830$1,509$139
46 years$15,109$8,773$4,871$2,614$1,370$118
47 years$14,620$8,372$4,576$2,415$1,244$101
48 years$14,153$7,993$4,300$2,232$1,129$86
49 years$13,706$7,632$4,042$2,062$1,026$73
50 years$13,278$7,291$3,800$1,906$932$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $13,600,000, adding $6,461 every year, while hoping to spend $28,607 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: 80/11/9 Blend
67$13,600,000$13,600,000$13,600,000$13,600,000
68$14,993,865$14,273,065$14,062,265$16,172,962
69$16,492,801$14,942,007$14,502,913$17,615,940
70$18,143,670$15,642,769$14,957,364$19,194,564
71$19,961,939$16,376,879$15,426,050$20,925,943
72$21,964,652$17,145,941$15,909,417$22,825,328
73$24,170,588$17,951,634$16,407,925$24,909,514
74$26,600,445$18,795,721$16,922,047$27,196,994
75$29,277,028$19,680,048$17,452,273$29,708,131
76$32,225,467$20,606,553$17,999,106$32,465,352
77$35,473,455$21,577,265$18,563,068$35,493,354
78$39,051,510$22,594,313$19,144,693$38,819,334
79$42,993,259$23,659,930$19,744,534$42,473,250
80$47,335,758$24,776,453$20,363,164$46,488,093
81$52,119,845$25,946,338$21,001,168$50,900,201
82$57,390,516$27,172,157$21,659,155$55,749,601
83$63,197,362$28,456,605$22,337,750$61,080,377
84$69,595,025$29,802,511$23,037,597$66,941,090
85$76,643,724$31,212,840$23,759,362$73,385,233
86$84,409,815$32,690,701$24,503,732$80,471,729
87$92,966,423$34,239,352$25,271,414$88,265,485
88$102,394,129$35,862,211$26,063,137$96,838,006
89$112,781,733$37,562,862$26,879,655$106,268,059
90$124,227,089$39,345,062$27,721,743$116,642,421
91$136,838,033$41,212,751$28,590,203$128,056,687
92$150,733,397$43,170,060$29,485,859$140,616,174
93$166,044,131$45,221,320$30,409,562$154,436,906
94$182,914,541$47,371,074$31,362,192$169,646,711
95$201,503,652$49,624,084$32,344,652$186,386,416
96$221,986,704$51,985,344$33,357,878$204,811,179
97$244,556,812$54,460,091$34,402,832$225,091,944
98$269,426,787$57,053,815$35,480,507$247,417,049
99$296,831,142$59,772,275$36,591,927$271,994,002
100$327,028,311$62,621,508$37,738,148$299,051,434