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%15.5%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,091,165
2 years$572,330$561,671$551,341$541,325$531,609$506,341
3 years$377,763$367,058$356,754$346,832$337,275$312,742
4 years$280,499$269,827$259,625$249,873$240,547$216,939
5 years$222,156$211,547$201,480$191,926$182,860$160,243
6 years$183,273$172,744$162,826$153,485$144,691$123,088
7 years$155,510$145,070$135,309$126,189$117,673$97,088
8 years$134,698$124,352$114,753$105,856$97,621$78,046
9 years$118,519$108,271$98,837$90,166$82,211$63,632
10 years$105,583$95,436$86,168$77,724$70,048$52,445
11 years$95,006$84,961$75,861$67,643$60,243$43,593
12 years$86,199$76,256$67,325$59,332$52,206$36,481
13 years$78,752$68,913$60,150$52,381$45,524$30,696
14 years$72,375$62,640$54,045$46,498$39,906$25,945
15 years$66,852$57,223$48,795$41,468$35,137$22,010
16 years$62,025$52,501$44,240$37,130$31,054$18,729
17 years$57,770$48,351$40,257$33,361$27,535$15,978
18 years$53,993$44,679$36,749$30,065$24,482$13,661
19 years$50,616$41,408$33,642$27,167$21,822$11,701
20 years$47,582$38,478$30,875$24,605$19,492$10,037
21 years$44,839$35,841$28,399$22,330$17,443$8,622
22 years$42,350$33,456$26,174$20,303$15,635$7,414
23 years$40,080$31,291$24,167$18,491$14,035$6,381
24 years$38,003$29,318$22,351$16,865$12,615$5,497
25 years$36,094$27,513$20,701$15,402$11,351$4,739
26 years$34,335$25,858$19,199$14,082$10,225$4,088
27 years$32,710$24,335$17,828$12,890$9,219$3,528
28 years$31,203$22,931$16,574$11,810$8,318$3,046
29 years$29,803$21,633$15,423$10,830$7,511$2,631
30 years$28,498$20,430$14,366$9,939$6,787$2,273
31 years$27,280$19,313$13,393$9,128$6,136$1,964
32 years$26,140$18,274$12,496$8,389$5,550$1,698
33 years$25,072$17,306$11,668$7,715$5,023$1,468
34 years$24,069$16,402$10,902$7,098$4,548$1,270
35 years$23,125$15,557$10,192$6,534$4,119$1,098
36 years$22,235$14,766$9,535$6,018$3,732$950
37 years$21,396$14,024$8,924$5,545$3,383$822
38 years$20,602$13,328$8,357$5,111$3,067$711
39 years$19,852$12,674$7,830$4,712$2,781$615
40 years$19,140$12,058$7,339$4,346$2,522$532
41 years$18,465$11,478$6,881$4,010$2,288$461
42 years$17,824$10,931$6,455$3,701$2,076$399
43 years$17,214$10,415$6,057$3,416$1,885$345
44 years$16,634$9,928$5,686$3,154$1,711$299
45 years$16,081$9,467$5,339$2,913$1,553$259
46 years$15,554$9,031$5,014$2,691$1,410$224
47 years$15,050$8,619$4,711$2,486$1,280$194
48 years$14,569$8,228$4,427$2,297$1,163$168
49 years$14,109$7,857$4,161$2,123$1,056$145
50 years$13,669$7,505$3,912$1,962$959$126

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 $3,557 every year, while hoping to spend $23,166 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: 53/40/7 Blend
67$14,000,000$14,000,000$14,000,000$14,000,000
68$15,431,669$14,689,669$14,472,669$16,223,552
69$16,981,051$15,384,814$14,932,855$17,455,611
70$18,687,693$16,113,245$15,407,681$18,792,453
71$20,567,612$16,876,569$15,897,612$20,246,234
72$22,638,457$17,676,469$16,403,130$21,828,004
73$24,919,675$18,514,712$16,924,731$23,549,899
74$27,432,699$19,393,150$17,462,927$25,425,251
75$30,201,145$20,313,724$18,018,245$27,468,706
76$33,251,037$21,278,472$18,591,232$29,696,358
77$36,611,053$22,289,527$19,182,448$32,125,892
78$40,312,796$23,349,130$19,792,476$34,776,750
79$44,391,090$24,459,626$20,421,913$37,670,297
80$48,884,311$25,623,478$21,071,377$40,830,026
81$53,834,749$26,843,266$21,741,506$44,281,766
82$59,289,005$28,121,698$22,432,958$48,053,917
83$65,298,433$29,461,611$23,146,412$52,177,714
84$71,919,625$30,865,981$23,882,568$56,687,509
85$79,214,941$32,337,929$24,642,149$61,621,087
86$87,253,104$33,880,727$25,425,900$67,020,012
87$96,109,845$35,497,806$26,234,592$72,930,011
88$105,868,616$37,192,766$27,069,018$79,401,394
89$116,621,383$38,969,379$27,929,997$86,489,515
90$128,469,487$40,831,602$28,818,376$94,255,288
91$141,524,610$42,783,585$29,735,026$102,765,743
92$155,909,818$44,829,679$30,680,848$112,094,651
93$171,760,733$46,974,447$31,656,770$122,323,205
94$189,226,808$49,222,675$32,663,751$133,540,771
95$208,472,736$51,579,379$33,702,780$145,845,717
96$229,680,009$54,049,823$34,774,878$159,346,329
97$253,048,631$56,639,526$35,881,097$174,161,811
98$278,799,002$59,354,273$37,022,525$190,423,398
99$307,174,002$62,200,134$38,200,281$208,275,573
100$338,441,284$65,183,474$39,415,524$227,877,418