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

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 $13,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,123,075$1,113,072$1,103,311$1,093,785$1,084,483$1,062,152
2 years$555,978$545,623$535,588$525,858$516,421$494,024
3 years$366,970$356,571$346,561$336,922$327,638$305,875
4 years$272,485$262,117$252,208$242,734$233,674$212,712
5 years$215,808$205,503$195,723$186,443$177,636$157,534
6 years$178,036$167,809$158,174$149,100$140,557$121,337
7 years$151,067$140,926$131,443$122,583$114,310$95,976
8 years$130,849$120,799$111,474$102,832$94,832$77,378
9 years$115,133$105,177$96,013$87,590$79,862$63,277
10 years$102,567$92,709$83,706$75,503$68,046$52,313
11 years$92,292$82,533$73,693$65,711$58,522$43,622
12 years$83,736$74,077$65,401$57,637$50,714$36,624
13 years$76,502$66,944$58,431$50,885$44,224$30,920
14 years$70,307$60,850$52,501$45,170$38,766$26,223
15 years$64,942$55,588$47,401$40,284$34,133$22,323
16 years$60,253$51,001$42,976$36,070$30,167$19,063
17 years$56,120$46,970$39,107$32,408$26,748$16,322
18 years$52,450$43,402$35,699$29,206$23,783$14,006
19 years$49,170$40,225$32,681$26,390$21,198$12,041
20 years$46,222$37,379$29,993$23,902$18,935$10,368
21 years$43,558$34,817$27,588$21,692$16,944$8,940
22 years$41,140$32,500$25,426$19,723$15,188$7,717
23 years$38,935$30,397$23,477$17,962$13,634$6,669
24 years$36,917$28,480$21,712$16,383$12,254$5,767
25 years$35,063$26,727$20,110$14,962$11,027$4,991
26 years$33,354$25,119$18,651$13,680$9,933$4,323
27 years$31,775$23,640$17,319$12,522$8,955$3,746
28 years$30,311$22,276$16,100$11,473$8,080$3,247
29 years$28,951$21,015$14,983$10,521$7,296$2,816
30 years$27,684$19,846$13,956$9,655$6,593$2,443
31 years$26,500$18,761$13,010$8,868$5,961$2,120
32 years$25,393$17,752$12,139$8,150$5,392$1,840
33 years$24,356$16,811$11,334$7,494$4,880$1,598
34 years$23,381$15,933$10,590$6,895$4,418$1,388
35 years$22,464$15,113$9,901$6,348$4,001$1,205
36 years$21,600$14,344$9,262$5,846$3,625$1,047
37 years$20,785$13,624$8,669$5,386$3,286$910
38 years$20,014$12,947$8,118$4,965$2,979$791
39 years$19,284$12,311$7,606$4,578$2,701$687
40 years$18,593$11,713$7,129$4,222$2,450$597
41 years$17,938$11,150$6,685$3,896$2,223$519
42 years$17,315$10,619$6,271$3,595$2,017$451
43 years$16,723$10,118$5,884$3,319$1,831$392
44 years$16,159$9,644$5,523$3,064$1,662$341
45 years$15,622$9,197$5,186$2,830$1,509$296
46 years$15,109$8,773$4,871$2,614$1,370$258
47 years$14,620$8,372$4,576$2,415$1,244$224
48 years$14,153$7,993$4,300$2,232$1,129$195
49 years$13,706$7,632$4,042$2,062$1,026$169
50 years$13,278$7,291$3,800$1,906$932$147

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 $3,029 every year, while hoping to spend $28,484 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: 56/27/17 Blend
67$13,600,000$13,600,000$13,600,000$13,600,000
68$14,990,324$14,269,524$14,058,724$15,762,196
69$16,489,031$14,938,424$14,499,385$16,956,495
70$18,139,650$15,639,146$14,953,853$18,253,511
71$19,957,649$16,373,218$15,422,561$19,665,770
72$21,960,067$17,142,243$15,905,955$21,204,320
73$24,165,684$17,947,904$16,404,495$22,881,308
74$26,595,193$18,791,961$16,918,655$24,710,087
75$29,271,398$19,676,261$17,448,924$26,705,337
76$32,219,425$20,602,743$17,995,808$28,883,204
77$35,466,966$21,573,436$18,559,827$31,261,441
78$39,044,531$22,590,470$19,141,516$33,859,575
79$42,985,747$23,656,076$19,741,430$36,699,088
80$47,327,664$24,772,595$20,360,139$39,803,607
81$52,111,115$25,942,481$20,998,233$43,199,128
82$57,381,092$27,168,306$21,656,317$46,914,254
83$63,187,178$28,452,768$22,335,018$50,980,458
84$69,584,011$29,798,695$23,034,982$55,432,370
85$76,631,801$31,209,052$23,756,875$60,308,106
86$84,396,898$32,686,948$24,501,383$65,649,613
87$92,952,417$34,235,644$25,269,215$71,503,059
88$102,378,930$35,858,557$26,061,101$77,919,264
89$112,765,227$37,559,273$26,877,794$84,954,169
90$124,209,151$39,341,548$27,720,071$92,669,356
91$136,818,525$41,209,324$28,588,733$101,132,622
92$150,712,165$43,166,732$29,484,607$110,418,606
93$166,021,009$45,218,105$30,408,544$120,609,489
94$182,889,345$47,367,985$31,361,424$131,795,757
95$201,476,179$49,621,137$32,344,152$144,077,042
96$221,956,731$51,982,554$33,357,663$157,563,056
97$244,524,095$54,457,476$34,402,921$172,374,614
98$269,391,054$57,051,394$35,480,921$188,644,759
99$296,792,096$59,770,067$36,592,686$206,520,010
100$326,985,624$62,619,535$37,739,275$226,161,729