Can I retire at age 68 with 13,700,000?

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,073,917
2 years$560,066$549,635$539,526$529,725$520,218$501,596
3 years$369,668$359,193$349,109$339,400$330,048$311,924
4 years$274,488$264,045$254,062$244,518$235,393$217,907
5 years$217,395$207,014$197,163$187,814$178,942$162,144
6 years$179,346$169,043$159,337$150,196$141,591$125,500
7 years$152,178$141,962$132,410$123,484$115,151$99,773
8 years$131,811$121,687$112,294$103,588$95,529$80,859
9 years$115,979$105,951$96,719$88,234$80,449$66,480
10 years$103,321$93,390$84,321$76,059$68,547$55,266
11 years$92,971$83,140$74,235$66,194$58,952$46,346
12 years$84,352$74,622$65,882$58,061$51,087$39,139
13 years$77,065$67,437$58,861$51,259$44,549$33,240
14 years$70,824$61,298$52,887$45,502$39,051$28,363
15 years$65,420$55,997$47,750$40,580$34,384$24,296
16 years$60,696$51,376$43,292$36,335$30,388$20,879
17 years$56,533$47,315$39,394$32,647$26,945$17,993
18 years$52,836$43,721$35,962$29,421$23,958$15,541
19 years$49,532$40,521$32,921$26,584$21,354$13,450
20 years$46,562$37,654$30,214$24,077$19,074$11,660
21 years$43,878$35,073$27,791$21,852$17,069$10,123
22 years$41,442$32,739$25,613$19,868$15,300$8,799
23 years$39,221$30,620$23,649$18,094$13,734$7,657
24 years$37,188$28,689$21,872$16,503$12,345$6,669
25 years$35,321$26,924$20,258$15,072$11,108$5,813
26 years$33,600$25,304$18,788$13,781$10,006$5,071
27 years$32,009$23,814$17,446$12,614$9,021$4,426
28 years$30,534$22,440$16,219$11,557$8,140$3,865
29 years$29,164$21,169$15,093$10,598$7,350$3,377
30 years$27,887$19,992$14,058$9,726$6,641$2,951
31 years$26,695$18,899$13,106$8,933$6,004$2,580
32 years$25,580$17,882$12,228$8,210$5,431$2,257
33 years$24,535$16,935$11,418$7,549$4,915$1,974
34 years$23,553$16,051$10,668$6,946$4,450$1,727
35 years$22,629$15,224$9,974$6,394$4,031$1,512
36 years$21,759$14,449$9,330$5,889$3,652$1,323
37 years$20,937$13,724$8,733$5,426$3,310$1,159
38 years$20,161$13,042$8,178$5,001$3,001$1,014
39 years$19,426$12,402$7,662$4,611$2,721$888
40 years$18,730$11,800$7,182$4,253$2,468$778
41 years$18,070$11,232$6,734$3,924$2,239$681
42 years$17,442$10,697$6,317$3,622$2,032$597
43 years$16,845$10,192$5,927$3,343$1,844$523
44 years$16,278$9,715$5,564$3,087$1,674$458
45 years$15,736$9,264$5,224$2,851$1,520$401
46 years$15,220$8,838$4,907$2,633$1,380$352
47 years$14,728$8,434$4,610$2,433$1,253$308
48 years$14,257$8,051$4,332$2,248$1,138$270
49 years$13,807$7,689$4,072$2,078$1,033$237
50 years$13,376$7,344$3,828$1,920$939$207

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $13,700,000, adding $3,761 every year, while hoping to spend $29,854 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: 31/49/20 Blend
67$13,700,000$13,700,000$13,700,000$13,700,000
68$15,101,279$14,375,179$14,162,829$15,475,100
69$16,609,846$15,047,799$14,605,520$16,429,915
70$18,271,285$15,752,376$15,062,040$17,454,081
71$20,101,159$16,490,445$15,532,821$18,555,952
72$22,116,615$17,263,615$16,018,309$19,742,306
73$24,336,550$18,073,573$16,518,962$21,020,560
74$26,781,786$18,922,085$17,035,255$22,398,834
75$29,475,267$19,811,006$17,567,675$23,886,019
76$32,442,278$20,742,279$18,116,726$25,491,857
77$35,710,681$21,717,942$18,682,927$27,227,020
78$39,311,178$22,740,129$19,266,813$29,103,206
79$43,277,604$23,811,081$19,868,937$31,133,238
80$47,647,241$24,933,145$20,489,867$33,331,177
81$52,461,173$26,108,783$21,130,191$35,712,444
82$57,764,675$27,340,575$21,790,515$38,293,960
83$63,607,636$28,631,228$22,471,462$41,094,286
84$70,045,035$29,983,578$23,173,676$44,133,795
85$77,137,455$31,400,600$23,897,820$47,434,851
86$84,951,659$32,885,413$24,644,581$51,022,006
87$93,561,216$34,441,286$25,414,662$54,922,218
88$103,047,199$36,071,648$26,208,792$59,165,098
89$113,498,949$37,780,094$27,027,723$63,783,169
90$125,014,917$39,570,394$27,872,226$68,812,161
91$137,703,594$41,446,499$28,743,102$74,291,333
92$151,684,537$43,412,554$29,641,172$80,263,829
93$167,089,495$45,472,904$30,567,286$86,777,066
94$184,063,651$47,632,104$31,522,318$93,883,165
95$202,766,999$49,894,933$32,507,171$101,639,423
96$223,375,848$52,266,399$33,522,776$110,108,841
97$246,084,487$54,751,756$34,570,092$119,360,688
98$271,107,023$57,356,510$35,650,108$129,471,145
99$298,679,398$60,086,438$36,763,846$140,523,993
100$329,061,618$62,947,595$37,912,357$152,611,386