Can I retire at age 68 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,086,308
2 years$572,330$561,671$551,341$541,325$531,609$501,527
3 years$377,763$367,058$356,754$346,832$337,275$308,124
4 years$280,499$269,827$259,625$249,873$240,547$212,551
5 years$222,156$211,547$201,480$191,926$182,860$156,097
6 years$183,273$172,744$162,826$153,485$144,691$119,186
7 years$155,510$145,070$135,309$126,189$117,673$93,426
8 years$134,698$124,352$114,753$105,856$97,621$74,622
9 years$118,519$108,271$98,837$90,166$82,211$60,437
10 years$105,583$95,436$86,168$77,724$70,048$49,472
11 years$95,006$84,961$75,861$67,643$60,243$40,834
12 years$86,199$76,256$67,325$59,332$52,206$33,927
13 years$78,752$68,913$60,150$52,381$45,524$28,338
14 years$72,375$62,640$54,045$46,498$39,906$23,772
15 years$66,852$57,223$48,795$41,468$35,137$20,012
16 years$62,025$52,501$44,240$37,130$31,054$16,896
17 years$57,770$48,351$40,257$33,361$27,535$14,300
18 years$53,993$44,679$36,749$30,065$24,482$12,127
19 years$50,616$41,408$33,642$27,167$21,822$10,302
20 years$47,582$38,478$30,875$24,605$19,492$8,764
21 years$44,839$35,841$28,399$22,330$17,443$7,465
22 years$42,350$33,456$26,174$20,303$15,635$6,364
23 years$40,080$31,291$24,167$18,491$14,035$5,431
24 years$38,003$29,318$22,351$16,865$12,615$4,638
25 years$36,094$27,513$20,701$15,402$11,351$3,963
26 years$34,335$25,858$19,199$14,082$10,225$3,388
27 years$32,710$24,335$17,828$12,890$9,219$2,898
28 years$31,203$22,931$16,574$11,810$8,318$2,480
29 years$29,803$21,633$15,423$10,830$7,511$2,123
30 years$28,498$20,430$14,366$9,939$6,787$1,817
31 years$27,280$19,313$13,393$9,128$6,136$1,556
32 years$26,140$18,274$12,496$8,389$5,550$1,333
33 years$25,072$17,306$11,668$7,715$5,023$1,142
34 years$24,069$16,402$10,902$7,098$4,548$979
35 years$23,125$15,557$10,192$6,534$4,119$839
36 years$22,235$14,766$9,535$6,018$3,732$719
37 years$21,396$14,024$8,924$5,545$3,383$616
38 years$20,602$13,328$8,357$5,111$3,067$528
39 years$19,852$12,674$7,830$4,712$2,781$453
40 years$19,140$12,058$7,339$4,346$2,522$388
41 years$18,465$11,478$6,881$4,010$2,288$333
42 years$17,824$10,931$6,455$3,701$2,076$285
43 years$17,214$10,415$6,057$3,416$1,885$245
44 years$16,634$9,928$5,686$3,154$1,711$210
45 years$16,081$9,467$5,339$2,913$1,553$180
46 years$15,554$9,031$5,014$2,691$1,410$154
47 years$15,050$8,619$4,711$2,486$1,280$132
48 years$14,569$8,228$4,427$2,297$1,163$113
49 years$14,109$7,857$4,161$2,123$1,056$97
50 years$13,669$7,505$3,912$1,962$959$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $14,000,000, adding $4,392 every year, while hoping to spend $43,448 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: 59/26/15 Blend
67$14,000,000$14,000,000$14,000,000$14,000,000
68$15,432,530$14,690,530$14,473,530$16,284,024
69$16,960,420$15,364,138$14,912,165$17,533,103
70$18,642,698$16,069,296$15,364,038$18,889,376
71$20,495,067$16,807,505$15,829,547$20,367,371
72$22,534,828$17,580,337$16,309,101$21,978,829
73$24,781,046$18,389,439$16,803,122$23,736,659
74$27,254,730$19,236,539$17,312,043$25,655,061
75$29,979,030$20,123,446$17,836,314$27,749,649
76$32,979,454$21,052,058$18,376,393$30,037,597
77$36,284,111$22,024,363$18,932,756$32,537,797
78$39,923,978$23,042,444$19,505,891$35,271,032
79$43,933,186$24,108,486$20,096,300$38,260,170
80$48,349,348$25,224,778$20,704,503$41,530,369
81$53,213,909$26,393,721$21,331,032$45,109,314
82$58,572,544$27,617,828$21,976,437$49,027,473
83$64,475,580$28,899,738$22,641,284$53,318,374
84$70,978,477$30,242,214$23,326,155$58,018,922
85$78,142,351$31,648,152$24,031,651$63,169,736
86$86,034,549$33,120,589$24,758,389$68,815,526
87$94,729,283$34,662,708$25,507,006$75,005,513
88$104,308,336$36,277,847$26,278,156$81,793,880
89$114,861,827$37,969,502$27,072,515$89,240,281
90$126,489,066$39,741,341$27,890,777$97,410,393
91$139,299,491$41,597,206$28,733,658$106,376,529
92$153,413,698$43,541,128$29,601,895$116,218,313
93$168,964,582$45,577,331$30,496,246$127,023,419
94$186,098,592$47,710,242$31,417,492$138,888,394
95$204,977,108$49,944,504$32,366,438$151,919,557
96$225,777,971$52,284,983$33,343,912$166,233,992
97$248,697,159$54,736,781$34,350,767$181,960,643
98$273,950,633$57,305,248$35,387,882$199,241,519
99$301,776,382$59,995,989$36,456,160$218,233,027
100$332,436,665$62,814,885$37,556,534$239,107,428