Can I retire at age 68 with 13,800,000?

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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,094,874
2 years$564,154$553,647$543,464$533,591$524,015$518,406
3 years$372,367$361,815$351,657$341,877$332,457$326,970
4 years$276,492$265,972$255,917$246,303$237,111$231,789
5 years$218,982$208,525$198,602$189,185$180,248$175,106
6 years$180,655$170,277$160,500$151,292$142,624$137,669
7 years$153,289$142,998$133,376$124,386$115,992$111,226
8 years$132,774$122,576$113,113$104,344$96,226$91,651
9 years$116,826$106,724$97,425$88,878$81,036$76,650
10 years$104,075$94,072$84,937$76,614$69,047$64,847
11 years$93,649$83,747$74,777$66,677$59,383$55,367
12 years$84,967$75,167$66,363$58,485$51,460$47,625
13 years$77,627$67,929$59,291$51,633$44,874$41,216
14 years$71,341$61,745$53,273$45,834$39,336$35,851
15 years$65,897$56,405$48,098$40,876$34,635$31,318
16 years$61,139$51,751$43,608$36,600$30,610$27,457
17 years$56,945$47,661$39,682$32,885$27,141$24,147
18 years$53,221$44,041$36,224$29,636$24,133$21,293
19 years$49,893$40,816$33,162$26,779$21,510$18,819
20 years$46,902$37,929$30,434$24,253$19,213$16,666
21 years$44,199$35,329$27,994$22,011$17,194$14,785
22 years$41,745$32,978$25,800$20,013$15,412$13,136
23 years$39,507$30,844$23,822$18,226$13,834$11,687
24 years$37,460$28,899$22,031$16,624$12,435$10,410
25 years$35,579$27,120$20,405$15,182$11,189$9,282
26 years$33,845$25,489$18,925$13,881$10,079$8,284
27 years$32,243$23,988$17,574$12,706$9,087$7,399
28 years$30,757$22,603$16,337$11,641$8,199$6,614
29 years$29,377$21,324$15,203$10,675$7,404$5,916
30 years$28,091$20,138$14,161$9,797$6,690$5,294
31 years$26,890$19,037$13,202$8,998$6,048$4,740
32 years$25,767$18,013$12,318$8,269$5,471$4,246
33 years$24,714$17,059$11,501$7,604$4,951$3,805
34 years$23,725$16,168$10,746$6,997$4,483$3,411
35 years$22,794$15,335$10,047$6,441$4,060$3,059
36 years$21,918$14,555$9,398$5,932$3,679$2,744
37 years$21,090$13,824$8,797$5,465$3,334$2,462
38 years$20,308$13,138$8,238$5,038$3,023$2,210
39 years$19,568$12,493$7,718$4,645$2,741$1,984
40 years$18,867$11,886$7,234$4,284$2,486$1,781
41 years$18,201$11,314$6,783$3,953$2,256$1,599
42 years$17,569$10,775$6,363$3,648$2,047$1,436
43 years$16,968$10,266$5,971$3,367$1,858$1,290
44 years$16,396$9,786$5,604$3,109$1,686$1,159
45 years$15,851$9,332$5,262$2,872$1,531$1,041
46 years$15,331$8,902$4,943$2,652$1,390$936
47 years$14,835$8,496$4,643$2,451$1,262$841
48 years$14,361$8,110$4,364$2,264$1,146$755
49 years$13,908$7,745$4,101$2,093$1,041$679
50 years$13,474$7,398$3,856$1,934$945$610

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $13,800,000, adding $3,344 every year, while hoping to spend $44,081 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: 67/16/17 Blend
67$13,800,000$13,800,000$13,800,000$13,800,000
68$15,211,049$14,479,649$14,265,749$16,167,329
69$16,715,675$15,142,250$14,696,750$17,469,312
70$18,372,294$15,835,841$15,140,712$18,886,996
71$20,196,365$16,561,894$15,598,023$20,436,113
72$22,204,919$17,321,952$16,069,081$22,129,568
73$24,416,724$18,117,631$16,554,299$23,981,562
74$26,852,461$18,950,626$17,054,099$26,007,723
75$29,534,917$19,822,712$17,568,917$28,225,251
76$32,489,205$20,735,751$18,099,201$30,653,078
77$35,742,994$21,691,693$18,645,415$33,312,044
78$39,326,777$22,692,583$19,208,033$36,225,087
79$43,274,152$23,740,564$19,787,546$39,417,463
80$47,622,144$24,837,880$20,384,458$42,916,973
81$52,411,554$25,986,888$20,999,289$46,754,228
82$57,687,341$27,190,053$21,632,573$50,962,931
83$63,499,046$28,449,962$22,284,860$55,580,194
84$69,901,264$29,769,326$22,956,719$60,646,879
85$76,954,157$31,150,986$23,648,733$66,207,985
86$84,724,017$32,597,921$24,361,502$72,313,066
87$93,283,901$34,113,253$25,095,646$79,016,694
88$102,714,310$35,700,254$25,851,801$86,378,969
89$113,103,958$37,362,355$26,630,625$94,466,082
90$124,550,603$39,103,151$27,432,792$103,350,935
91$137,161,972$40,926,413$28,258,998$113,113,822
92$151,056,778$42,836,092$29,109,959$123,843,182
93$166,365,838$44,836,330$29,986,412$135,636,429
94$183,233,313$46,931,470$30,889,117$148,600,864
95$201,818,063$49,126,063$31,818,853$162,854,681
96$222,295,148$51,424,883$32,776,427$178,528,078
97$244,857,482$53,832,931$33,762,667$195,764,475
98$269,717,654$56,355,453$34,778,425$214,721,866
99$297,109,931$58,997,947$35,824,579$235,574,298
100$327,292,474$61,766,177$36,902,033$258,513,507