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%14.5%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,087,806
2 years$568,242$557,659$547,403$537,458$527,812$507,136
3 years$375,065$364,436$354,206$344,355$334,866$314,757
4 years$278,495$267,899$257,771$248,088$238,829$219,442
5 years$220,569$210,036$200,041$190,555$181,554$162,944
6 years$181,964$171,510$161,663$152,389$143,658$125,846
7 years$154,399$144,034$134,343$125,287$116,832$99,823
8 years$133,736$123,464$113,933$105,100$96,923$80,713
9 years$117,672$107,498$98,131$89,522$81,624$66,202
10 years$104,829$94,754$85,552$77,169$69,547$54,900
11 years$94,328$84,354$75,319$67,160$59,813$45,924
12 years$85,583$75,711$66,844$58,908$51,833$38,682
13 years$78,190$68,421$59,720$52,007$45,199$32,766
14 years$71,858$62,193$53,659$46,166$39,621$27,883
15 years$66,375$56,814$48,447$41,172$34,886$23,819
16 years$61,582$52,126$43,924$36,865$30,832$20,412
17 years$57,358$48,006$39,969$33,123$27,338$17,540
18 years$53,607$44,360$36,487$29,851$24,308$15,106
19 years$50,255$41,112$33,402$26,973$21,666$13,035
20 years$47,242$38,203$30,655$24,429$19,352$11,266
21 years$44,519$35,585$28,196$22,171$17,318$9,751
22 years$42,047$33,217$25,987$20,158$15,523$8,450
23 years$39,794$31,067$23,995$18,359$13,935$7,330
24 years$37,731$29,108$22,191$16,744$12,525$6,365
25 years$35,836$27,317$20,553$15,292$11,270$5,530
26 years$34,090$25,673$19,062$13,982$10,152$4,809
27 years$32,476$24,161$17,701$12,798$9,153$4,184
28 years$30,980$22,767$16,455$11,726$8,259$3,641
29 years$29,590$21,478$15,313$10,753$7,457$3,171
30 years$28,294$20,284$14,264$9,868$6,738$2,762
31 years$27,085$19,175$13,297$9,063$6,092$2,407
32 years$25,954$18,144$12,407$8,329$5,511$2,098
33 years$24,893$17,182$11,584$7,660$4,987$1,830
34 years$23,897$16,285$10,824$7,047$4,515$1,596
35 years$22,960$15,446$10,119$6,488$4,090$1,392
36 years$22,076$14,660$9,466$5,975$3,705$1,214
37 years$21,243$13,924$8,860$5,505$3,358$1,059
38 years$20,455$13,233$8,297$5,074$3,045$924
39 years$19,710$12,583$7,774$4,679$2,761$807
40 years$19,003$11,972$7,286$4,315$2,504$704
41 years$18,333$11,396$6,832$3,981$2,272$615
42 years$17,697$10,853$6,409$3,674$2,062$536
43 years$17,091$10,341$6,014$3,392$1,871$468
44 years$16,515$9,857$5,645$3,132$1,698$409
45 years$15,966$9,400$5,301$2,892$1,542$357
46 years$15,442$8,967$4,978$2,672$1,400$312
47 years$14,943$8,557$4,677$2,468$1,271$272
48 years$14,465$8,169$4,395$2,281$1,154$238
49 years$14,008$7,801$4,131$2,108$1,048$208
50 years$13,571$7,452$3,884$1,948$952$181

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 $3,764 every year, while hoping to spend $23,366 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: 78/13/9 Blend
67$13,900,000$13,900,000$13,900,000$13,900,000
68$15,321,683$14,584,983$14,369,533$16,495,096
69$16,859,633$15,274,785$14,826,051$17,956,145
70$18,553,671$15,997,606$15,297,079$19,554,726
71$20,419,693$16,755,036$15,783,079$21,307,252
72$22,475,217$17,548,747$16,284,527$23,229,052
73$24,739,544$18,380,491$16,801,913$25,337,003
74$27,233,946$19,252,104$17,335,746$27,649,687
75$29,981,862$20,165,511$17,886,548$30,187,561
76$33,009,123$21,122,732$18,454,858$32,973,155
77$36,344,191$22,125,883$19,041,233$36,031,274
78$40,018,433$23,177,186$19,646,249$39,389,236
79$44,066,412$24,278,966$20,270,497$43,077,123
80$48,526,217$25,433,667$20,914,589$47,128,065
81$53,439,821$26,643,846$21,579,157$51,578,547
82$58,853,475$27,912,187$22,264,852$56,468,753
83$64,818,151$29,241,506$22,972,346$61,842,940
84$71,390,015$30,634,752$23,702,332$67,749,856
85$78,630,961$32,095,020$24,455,525$74,243,190
86$86,609,198$33,625,555$25,232,664$81,382,082
87$95,399,888$35,229,759$26,034,510$89,231,675
88$105,085,861$36,911,200$26,861,850$97,863,724
89$115,758,390$38,673,621$27,715,494$107,357,272
90$127,518,061$40,520,944$28,596,278$117,799,390
91$140,475,717$42,457,284$29,505,067$129,285,996
92$154,753,505$44,486,955$30,442,751$141,922,754
93$170,486,028$46,614,482$31,410,249$155,826,066
94$187,821,620$48,844,609$32,408,510$171,124,170
95$206,923,742$51,182,311$33,438,512$187,958,340
96$227,972,527$53,632,808$34,501,265$206,484,215
97$251,166,479$56,201,569$35,597,811$226,873,266
98$276,724,347$58,894,333$36,729,225$249,314,404
99$304,887,193$61,717,118$37,896,616$274,015,759
100$335,920,663$64,676,233$39,101,130$301,206,638