Can I retire at age 68 with 13,900,000?

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,084,254
2 years$568,242$557,659$547,403$537,458$527,812$503,601
3 years$375,065$364,436$354,206$344,355$334,866$311,352
4 years$278,495$267,899$257,771$248,088$238,829$216,193
5 years$220,569$210,036$200,041$190,555$181,554$159,859
6 years$181,964$171,510$161,663$152,389$143,658$122,927
7 years$154,399$144,034$134,343$125,287$116,832$97,070
8 years$133,736$123,464$113,933$105,100$96,923$78,123
9 years$117,672$107,498$98,131$89,522$81,624$63,771
10 years$104,829$94,754$85,552$77,169$69,547$52,625
11 years$94,328$84,354$75,319$67,160$59,813$43,798
12 years$85,583$75,711$66,844$58,908$51,833$36,700
13 years$78,190$68,421$59,720$52,007$45,199$30,922
14 years$71,858$62,193$53,659$46,166$39,621$26,172
15 years$66,375$56,814$48,447$41,172$34,886$22,233
16 years$61,582$52,126$43,924$36,865$30,832$18,946
17 years$57,358$48,006$39,969$33,123$27,338$16,187
18 years$53,607$44,360$36,487$29,851$24,308$13,859
19 years$50,255$41,112$33,402$26,973$21,666$11,888
20 years$47,242$38,203$30,655$24,429$19,352$10,214
21 years$44,519$35,585$28,196$22,171$17,318$8,787
22 years$42,047$33,217$25,987$20,158$15,523$7,567
23 years$39,794$31,067$23,995$18,359$13,935$6,524
24 years$37,731$29,108$22,191$16,744$12,525$5,629
25 years$35,836$27,317$20,553$15,292$11,270$4,860
26 years$34,090$25,673$19,062$13,982$10,152$4,199
27 years$32,476$24,161$17,701$12,798$9,153$3,629
28 years$30,980$22,767$16,455$11,726$8,259$3,139
29 years$29,590$21,478$15,313$10,753$7,457$2,715
30 years$28,294$20,284$14,264$9,868$6,738$2,350
31 years$27,085$19,175$13,297$9,063$6,092$2,034
32 years$25,954$18,144$12,407$8,329$5,511$1,761
33 years$24,893$17,182$11,584$7,660$4,987$1,526
34 years$23,897$16,285$10,824$7,047$4,515$1,322
35 years$22,960$15,446$10,119$6,488$4,090$1,145
36 years$22,076$14,660$9,466$5,975$3,705$992
37 years$21,243$13,924$8,860$5,505$3,358$860
38 years$20,455$13,233$8,297$5,074$3,045$745
39 years$19,710$12,583$7,774$4,679$2,761$646
40 years$19,003$11,972$7,286$4,315$2,504$560
41 years$18,333$11,396$6,832$3,981$2,272$485
42 years$17,697$10,853$6,409$3,674$2,062$421
43 years$17,091$10,341$6,014$3,392$1,871$365
44 years$16,515$9,857$5,645$3,132$1,698$316
45 years$15,966$9,400$5,301$2,892$1,542$274
46 years$15,442$8,967$4,978$2,672$1,400$238
47 years$14,943$8,557$4,677$2,468$1,271$206
48 years$14,465$8,169$4,395$2,281$1,154$179
49 years$14,008$7,801$4,131$2,108$1,048$155
50 years$13,571$7,452$3,884$1,948$952$134

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $13,900,000, adding $4,974 every year, while hoping to spend $48,848 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: 78/10/12 Blend
67$13,900,000$13,900,000$13,900,000$13,900,000
68$15,322,931$14,586,231$14,370,781$16,482,884
69$16,833,896$15,248,982$14,800,228$17,909,485
70$18,497,342$15,942,571$15,242,425$19,467,060
71$20,328,771$16,668,457$15,697,746$21,174,047
72$22,345,264$17,428,170$16,166,579$23,045,336
73$24,565,642$18,223,312$16,649,320$25,097,324
74$27,010,646$19,055,562$17,146,381$27,348,063
75$29,703,128$19,926,681$17,658,181$29,817,436
76$32,668,271$20,838,512$18,185,154$32,527,336
77$35,933,825$21,792,989$18,727,747$35,501,872
78$39,530,367$22,792,138$19,286,418$38,767,598
79$43,491,592$23,838,080$19,861,640$42,353,759
80$47,854,629$24,933,041$20,453,900$46,292,562
81$52,660,394$26,079,352$21,063,698$50,619,484
82$57,953,971$27,279,457$21,691,549$55,373,598
83$63,785,042$28,535,918$22,337,983$60,597,944
84$70,208,356$29,851,417$23,003,545$66,339,930
85$77,284,241$31,228,769$23,688,796$72,651,778
86$85,079,177$32,670,922$24,394,314$79,591,011
87$93,666,422$34,180,966$25,120,693$87,220,998
88$103,126,706$35,762,142$25,868,544$95,611,547
89$113,548,987$37,417,844$26,638,498$104,839,556
90$125,031,296$39,151,631$27,431,200$114,989,745
91$137,681,661$40,967,234$28,247,318$126,155,442
92$151,619,124$42,868,562$29,087,537$138,439,468
93$166,974,868$44,859,714$29,952,562$151,955,098
94$183,893,450$46,944,987$30,843,119$166,827,132
95$202,534,174$49,128,882$31,759,955$183,193,064
96$223,072,584$51,416,122$32,703,838$201,204,376
97$245,702,130$53,811,654$33,675,559$221,027,967
98$270,635,987$56,320,666$34,675,930$242,847,720
99$298,109,074$58,948,594$35,705,790$266,866,236
100$328,380,265$61,701,141$36,765,999$293,306,737