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

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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,066,487
2 years$564,154$553,647$543,464$533,591$524,015$490,114
3 years$372,367$361,815$351,657$341,877$332,457$299,661
4 years$276,492$265,972$255,917$246,303$237,111$205,673
5 years$218,982$208,525$198,602$189,185$180,248$150,252
6 years$180,655$170,277$160,500$151,292$142,624$114,097
7 years$153,289$142,998$133,376$124,386$115,992$88,931
8 years$132,774$122,576$113,113$104,344$96,226$70,614
9 years$116,826$106,724$97,425$88,878$81,036$56,846
10 years$104,075$94,072$84,937$76,614$69,047$46,242
11 years$93,649$83,747$74,777$66,677$59,383$37,923
12 years$84,967$75,167$66,363$58,485$51,460$31,301
13 years$77,627$67,929$59,291$51,633$44,874$25,969
14 years$71,341$61,745$53,273$45,834$39,336$21,634
15 years$65,897$56,405$48,098$40,876$34,635$18,084
16 years$61,139$51,751$43,608$36,600$30,610$15,159
17 years$56,945$47,661$39,682$32,885$27,141$12,737
18 years$53,221$44,041$36,224$29,636$24,133$10,722
19 years$49,893$40,816$33,162$26,779$21,510$9,040
20 years$46,902$37,929$30,434$24,253$19,213$7,632
21 years$44,199$35,329$27,994$22,011$17,194$6,450
22 years$41,745$32,978$25,800$20,013$15,412$5,457
23 years$39,507$30,844$23,822$18,226$13,834$4,620
24 years$37,460$28,899$22,031$16,624$12,435$3,914
25 years$35,579$27,120$20,405$15,182$11,189$3,318
26 years$33,845$25,489$18,925$13,881$10,079$2,814
27 years$32,243$23,988$17,574$12,706$9,087$2,388
28 years$30,757$22,603$16,337$11,641$8,199$2,026
29 years$29,377$21,324$15,203$10,675$7,404$1,720
30 years$28,091$20,138$14,161$9,797$6,690$1,461
31 years$26,890$19,037$13,202$8,998$6,048$1,241
32 years$25,767$18,013$12,318$8,269$5,471$1,054
33 years$24,714$17,059$11,501$7,604$4,951$896
34 years$23,725$16,168$10,746$6,997$4,483$761
35 years$22,794$15,335$10,047$6,441$4,060$647
36 years$21,918$14,555$9,398$5,932$3,679$550
37 years$21,090$13,824$8,797$5,465$3,334$467
38 years$20,308$13,138$8,238$5,038$3,023$397
39 years$19,568$12,493$7,718$4,645$2,741$338
40 years$18,867$11,886$7,234$4,284$2,486$287
41 years$18,201$11,314$6,783$3,953$2,256$244
42 years$17,569$10,775$6,363$3,648$2,047$207
43 years$16,968$10,266$5,971$3,367$1,858$176
44 years$16,396$9,786$5,604$3,109$1,686$150
45 years$15,851$9,332$5,262$2,872$1,531$127
46 years$15,331$8,902$4,943$2,652$1,390$108
47 years$14,835$8,496$4,643$2,451$1,262$92
48 years$14,361$8,110$4,364$2,264$1,146$78
49 years$13,908$7,745$4,101$2,093$1,041$67
50 years$13,474$7,398$3,856$1,934$945$57

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 $4,051 every year, while hoping to spend $23,863 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: 50/28/22 Blend
67$13,800,000$13,800,000$13,800,000$13,800,000
68$15,211,779$14,480,379$14,266,479$15,878,335
69$16,737,990$15,164,527$14,719,016$17,025,250
70$18,419,075$15,881,399$15,185,913$18,268,304
71$20,270,806$16,632,573$15,667,626$19,618,829
72$22,310,562$17,419,703$16,164,626$21,086,995
73$24,557,496$18,244,525$16,677,397$22,683,974
74$27,032,712$19,108,858$17,206,441$24,422,044
75$29,759,466$20,014,609$17,752,274$26,314,696
76$32,763,385$20,963,778$18,315,429$28,376,759
77$36,072,710$21,958,464$18,896,456$30,624,536
78$39,718,561$23,000,863$19,495,922$33,075,948
79$43,735,232$24,093,283$20,114,413$35,750,702
80$48,160,513$25,238,141$20,752,533$38,670,468
81$53,036,048$26,437,972$21,410,905$41,859,077
82$58,407,726$27,695,435$22,090,172$45,342,742
83$64,326,119$29,013,316$22,790,998$49,150,298
84$70,846,954$30,394,539$23,514,066$53,313,463
85$78,031,639$31,842,168$24,260,084$57,867,136
86$85,947,850$33,359,417$25,029,780$62,849,715
87$94,670,158$34,949,656$25,823,905$68,303,450
88$104,280,745$36,616,419$26,643,236$74,274,837
89$114,870,169$38,363,413$27,488,573$80,815,045
90$126,538,228$40,194,521$28,360,742$87,980,391
91$139,394,894$42,113,820$29,260,594$95,832,860
92$153,561,358$44,125,582$30,189,009$104,440,685
93$169,171,169$46,234,288$31,146,893$113,878,972
94$186,371,498$48,444,638$32,135,183$124,230,405
95$205,324,523$50,761,557$33,154,845$135,586,014
96$226,208,966$53,190,215$34,206,873$148,046,016
97$249,221,774$55,736,029$35,292,297$161,720,755
98$274,579,983$58,404,682$36,412,176$176,731,729
99$302,522,762$61,202,133$37,567,606$193,212,720
100$333,313,678$64,134,631$38,759,714$211,311,044