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%13.8%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,090,941
2 years$568,242$557,659$547,403$537,458$527,812$510,263
3 years$375,065$364,436$354,206$344,355$334,866$317,777
4 years$278,495$267,899$257,771$248,088$238,829$222,332
5 years$220,569$210,036$200,041$190,555$181,554$165,697
6 years$181,964$171,510$161,663$152,389$143,658$128,459
7 years$154,399$144,034$134,343$125,287$116,832$102,297
8 years$133,736$123,464$113,933$105,100$96,923$83,049
9 years$117,672$107,498$98,131$89,522$81,624$68,402
10 years$104,829$94,754$85,552$77,169$69,547$56,968
11 years$94,328$84,354$75,319$67,160$59,813$47,864
12 years$85,583$75,711$66,844$58,908$51,833$40,498
13 years$78,190$68,421$59,720$52,007$45,199$34,463
14 years$71,858$62,193$53,659$46,166$39,621$29,466
15 years$66,375$56,814$48,447$41,172$34,886$25,292
16 years$61,582$52,126$43,924$36,865$30,832$21,782
17 years$57,358$48,006$39,969$33,123$27,338$18,810
18 years$53,607$44,360$36,487$29,851$24,308$16,282
19 years$50,255$41,112$33,402$26,973$21,666$14,123
20 years$47,242$38,203$30,655$24,429$19,352$12,271
21 years$44,519$35,585$28,196$22,171$17,318$10,677
22 years$42,047$33,217$25,987$20,158$15,523$9,302
23 years$39,794$31,067$23,995$18,359$13,935$8,113
24 years$37,731$29,108$22,191$16,744$12,525$7,083
25 years$35,836$27,317$20,553$15,292$11,270$6,189
26 years$34,090$25,673$19,062$13,982$10,152$5,412
27 years$32,476$24,161$17,701$12,798$9,153$4,735
28 years$30,980$22,767$16,455$11,726$8,259$4,145
29 years$29,590$21,478$15,313$10,753$7,457$3,630
30 years$28,294$20,284$14,264$9,868$6,738$3,180
31 years$27,085$19,175$13,297$9,063$6,092$2,788
32 years$25,954$18,144$12,407$8,329$5,511$2,444
33 years$24,893$17,182$11,584$7,660$4,987$2,144
34 years$23,897$16,285$10,824$7,047$4,515$1,880
35 years$22,960$15,446$10,119$6,488$4,090$1,650
36 years$22,076$14,660$9,466$5,975$3,705$1,448
37 years$21,243$13,924$8,860$5,505$3,358$1,271
38 years$20,455$13,233$8,297$5,074$3,045$1,116
39 years$19,710$12,583$7,774$4,679$2,761$979
40 years$19,003$11,972$7,286$4,315$2,504$860
41 years$18,333$11,396$6,832$3,981$2,272$755
42 years$17,697$10,853$6,409$3,674$2,062$663
43 years$17,091$10,341$6,014$3,392$1,871$582
44 years$16,515$9,857$5,645$3,132$1,698$512
45 years$15,966$9,400$5,301$2,892$1,542$449
46 years$15,442$8,967$4,978$2,672$1,400$395
47 years$14,943$8,557$4,677$2,468$1,271$347
48 years$14,465$8,169$4,395$2,281$1,154$305
49 years$14,008$7,801$4,131$2,108$1,048$268
50 years$13,571$7,452$3,884$1,948$952$235

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 $6,692 every year, while hoping to spend $59,271 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: 60/19/21 Blend
67$13,900,000$13,900,000$13,900,000$13,900,000
68$15,324,703$14,588,003$14,372,553$16,159,040
69$16,824,759$15,239,751$14,790,969$17,377,014
70$18,475,834$15,921,448$15,221,417$18,698,150
71$20,293,269$16,634,500$15,664,234$20,138,222
72$22,293,969$17,380,377$16,119,773$21,708,778
73$24,496,561$18,160,622$16,588,392$23,422,518
74$26,921,568$18,976,851$17,070,461$25,293,415
75$29,591,606$19,830,754$17,566,360$27,336,843
76$32,531,595$20,724,107$18,076,478$29,569,717
77$35,768,995$21,658,765$18,601,217$32,010,650
78$39,334,063$22,636,676$19,140,989$34,680,128
79$43,260,143$23,659,878$19,696,217$37,600,694
80$47,583,974$24,730,508$20,267,337$40,797,161
81$52,346,041$25,850,805$20,854,794$44,296,842
82$57,590,957$27,023,114$21,459,050$48,129,801
83$63,367,882$28,249,894$22,080,575$52,329,136
84$69,730,986$29,533,719$22,719,854$56,931,284
85$76,739,963$30,877,288$23,377,387$61,976,359
86$84,460,594$32,283,429$24,053,683$67,508,531
87$92,965,363$33,755,106$24,749,270$73,576,432
88$102,334,147$35,295,423$25,464,687$80,233,612
89$112,654,965$36,907,634$26,200,490$87,539,040
90$124,024,814$38,595,150$26,957,249$95,557,652
91$136,550,577$40,361,544$27,735,548$104,360,961
92$150,350,037$42,210,562$28,535,991$114,027,720
93$165,552,988$44,146,127$29,359,194$124,644,668
94$182,302,459$46,172,353$30,205,793$136,307,331
95$200,756,063$48,293,551$31,076,440$149,120,924
96$221,087,484$50,514,238$31,971,804$163,201,336
97$243,488,121$52,839,150$32,892,573$178,676,210
98$268,168,889$55,273,248$33,839,454$195,686,148
99$295,362,213$57,821,733$34,813,172$214,386,021
100$325,324,218$60,490,058$35,814,473$234,946,431