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

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,084,210
2 years$560,066$549,635$539,526$529,725$520,218$511,903
3 years$369,668$359,193$349,109$339,400$330,048$321,922
4 years$274,488$264,045$254,062$244,518$235,393$227,520
5 years$217,395$207,014$197,163$187,814$178,942$171,345
6 years$179,346$169,043$159,337$150,196$141,591$134,279
7 years$152,178$141,962$132,410$123,484$115,151$108,128
8 years$131,811$121,687$112,294$103,588$95,529$88,795
9 years$115,979$105,951$96,719$88,234$80,449$74,002
10 years$103,321$93,390$84,321$76,059$68,547$62,383
11 years$92,971$83,140$74,235$66,194$58,952$53,068
12 years$84,352$74,622$65,882$58,061$51,087$45,476
13 years$77,065$67,437$58,861$51,259$44,549$39,205
14 years$70,824$61,298$52,887$45,502$39,051$33,968
15 years$65,420$55,997$47,750$40,580$34,384$29,555
16 years$60,696$51,376$43,292$36,335$30,388$25,806
17 years$56,533$47,315$39,394$32,647$26,945$22,601
18 years$52,836$43,721$35,962$29,421$23,958$19,846
19 years$49,532$40,521$32,921$26,584$21,354$17,465
20 years$46,562$37,654$30,214$24,077$19,074$15,400
21 years$43,878$35,073$27,791$21,852$17,069$13,602
22 years$41,442$32,739$25,613$19,868$15,300$12,031
23 years$39,221$30,620$23,649$18,094$13,734$10,656
24 years$37,188$28,689$21,872$16,503$12,345$9,448
25 years$35,321$26,924$20,258$15,072$11,108$8,385
26 years$33,600$25,304$18,788$13,781$10,006$7,449
27 years$32,009$23,814$17,446$12,614$9,021$6,622
28 years$30,534$22,440$16,219$11,557$8,140$5,891
29 years$29,164$21,169$15,093$10,598$7,350$5,244
30 years$27,887$19,992$14,058$9,726$6,641$4,670
31 years$26,695$18,899$13,106$8,933$6,004$4,161
32 years$25,580$17,882$12,228$8,210$5,431$3,709
33 years$24,535$16,935$11,418$7,549$4,915$3,308
34 years$23,553$16,051$10,668$6,946$4,450$2,950
35 years$22,629$15,224$9,974$6,394$4,031$2,633
36 years$21,759$14,449$9,330$5,889$3,652$2,350
37 years$20,937$13,724$8,733$5,426$3,310$2,098
38 years$20,161$13,042$8,178$5,001$3,001$1,873
39 years$19,426$12,402$7,662$4,611$2,721$1,673
40 years$18,730$11,800$7,182$4,253$2,468$1,494
41 years$18,070$11,232$6,734$3,924$2,239$1,335
42 years$17,442$10,697$6,317$3,622$2,032$1,193
43 years$16,845$10,192$5,927$3,343$1,844$1,066
44 years$16,278$9,715$5,564$3,087$1,674$952
45 years$15,736$9,264$5,224$2,851$1,520$851
46 years$15,220$8,838$4,907$2,633$1,380$761
47 years$14,728$8,434$4,610$2,433$1,253$680
48 years$14,257$8,051$4,332$2,248$1,138$608
49 years$13,807$7,689$4,072$2,078$1,033$543
50 years$13,376$7,344$3,828$1,920$939$486

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 $2,915 every year, while hoping to spend $34,395 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: 80/12/8 Blend
67$13,700,000$13,700,000$13,700,000$13,700,000
68$15,100,407$14,374,307$14,161,957$16,292,596
69$16,604,052$15,042,052$14,599,786$17,742,036
70$18,259,917$15,741,364$15,051,130$19,327,296
71$20,083,490$16,473,753$15,516,405$21,065,728
72$22,091,842$17,240,802$15,996,041$22,972,614
73$24,303,780$18,044,172$16,490,478$25,064,781
74$26,740,031$18,885,601$17,000,175$27,360,759
75$29,423,434$19,766,915$17,525,600$29,880,949
76$32,379,155$20,690,025$18,067,238$32,647,822
77$35,634,927$21,656,934$18,625,589$35,686,119
78$39,221,310$22,669,745$19,201,167$39,023,089
79$43,171,981$23,730,660$19,794,503$42,688,743
80$47,524,048$24,841,987$20,406,144$46,716,131
81$52,318,405$26,006,148$21,036,654$51,141,658
82$57,600,113$27,225,681$21,686,613$56,005,416
83$63,418,831$28,503,245$22,356,620$61,351,569
84$69,829,278$29,841,630$23,047,293$67,228,760
85$76,891,755$31,243,761$23,759,269$73,690,572
86$84,672,711$32,712,702$24,493,201$80,796,025
87$93,245,372$34,251,669$25,249,768$88,610,137
88$102,690,430$35,864,030$26,029,665$97,204,528
89$113,096,805$37,553,319$26,833,610$106,658,093
90$124,562,487$39,323,240$27,662,344$117,057,749
91$137,195,458$41,177,676$28,516,629$128,499,244
92$151,114,711$43,120,698$29,397,253$141,088,061
93$166,451,375$45,156,576$30,305,024$154,940,407
94$183,349,952$47,289,785$31,240,780$170,184,308
95$201,969,681$49,525,019$32,205,380$186,960,811
96$222,486,041$51,867,197$33,199,712$205,425,312
97$245,092,406$54,321,478$34,224,691$225,749,013
98$270,001,873$56,893,272$35,281,260$248,120,542
99$297,449,272$59,588,250$36,370,390$272,747,717
100$327,693,383$62,412,360$37,493,083$299,859,512