Can I retire at age 68 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,098,512
2 years$576,418$565,683$555,279$545,191$535,407$509,514
3 years$380,462$369,680$359,302$349,309$339,684$314,549
4 years$282,503$271,754$261,480$251,658$242,265$218,082
5 years$223,742$213,058$202,919$193,297$184,166$161,003
6 years$184,582$173,978$163,989$154,581$145,725$123,604
7 years$156,621$146,107$136,275$127,090$118,513$97,440
8 years$135,660$125,240$115,572$106,613$98,318$78,284
9 years$119,365$109,044$99,543$90,810$82,798$63,787
10 years$106,337$96,117$86,783$78,279$70,548$52,540
11 years$95,685$85,567$76,403$68,126$60,674$43,644
12 years$86,815$76,801$67,805$59,756$52,579$36,500
13 years$79,315$69,405$60,580$52,756$45,849$30,692
14 years$72,892$63,088$54,431$46,831$40,191$25,924
15 years$67,330$57,632$49,144$41,765$35,388$21,977
16 years$62,468$52,876$44,556$37,396$31,276$18,688
17 years$58,183$48,697$40,544$33,600$27,731$15,931
18 years$54,378$44,998$37,012$30,280$24,657$13,611
19 years$50,978$41,704$33,883$27,361$21,978$11,649
20 years$47,921$38,753$31,096$24,780$19,631$9,985
21 years$45,160$36,097$28,602$22,490$17,567$8,571
22 years$42,652$33,695$26,361$20,448$15,747$7,364
23 years$40,366$31,514$24,340$18,623$14,135$6,334
24 years$38,274$29,527$22,510$16,985$12,705$5,452
25 years$36,352$27,710$20,849$15,512$11,433$4,696
26 years$34,581$26,043$19,336$14,183$10,298$4,047
27 years$32,943$24,509$17,956$12,982$9,285$3,490
28 years$31,426$23,095$16,692$11,894$8,378$3,011
29 years$30,015$21,787$15,533$10,907$7,565$2,598
30 years$28,702$20,576$14,469$10,010$6,835$2,243
31 years$27,475$19,451$13,489$9,194$6,180$1,937
32 years$26,327$18,405$12,585$8,449$5,590$1,673
33 years$25,251$17,429$11,751$7,770$5,059$1,445
34 years$24,241$16,519$10,979$7,149$4,580$1,249
35 years$23,290$15,668$10,265$6,581$4,149$1,079
36 years$22,394$14,871$9,603$6,061$3,759$933
37 years$21,549$14,124$8,988$5,584$3,407$806
38 years$20,750$13,423$8,417$5,147$3,089$697
39 years$19,993$12,764$7,886$4,746$2,801$603
40 years$19,277$12,144$7,391$4,377$2,540$521
41 years$18,597$11,560$6,931$4,039$2,305$451
42 years$17,951$11,009$6,501$3,727$2,091$390
43 years$17,337$10,490$6,100$3,441$1,898$337
44 years$16,753$9,999$5,726$3,177$1,723$291
45 years$16,196$9,535$5,377$2,934$1,564$252
46 years$15,665$9,096$5,050$2,710$1,420$218
47 years$15,158$8,680$4,744$2,504$1,289$189
48 years$14,673$8,286$4,458$2,314$1,171$163
49 years$14,210$7,913$4,191$2,138$1,064$141
50 years$13,767$7,559$3,940$1,976$966$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $14,100,000, adding $6,922 every year, while hoping to spend $57,752 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: 39/33/28 Blend
67$14,100,000$14,100,000$14,100,000$14,100,000
68$15,545,340$14,798,040$14,579,490$16,022,260
69$17,069,517$15,461,696$15,006,455$17,035,095
70$18,747,225$16,155,936$15,445,788$18,123,726
71$20,594,062$16,882,197$15,897,842$19,299,815
72$22,627,217$17,641,986$16,362,981$20,571,376
73$24,865,629$18,436,879$16,841,577$21,947,205
74$27,330,168$19,268,531$17,334,015$23,436,952
75$30,043,830$20,138,674$17,840,689$25,051,216
76$33,031,954$21,049,123$18,362,006$26,801,633
77$36,322,462$22,001,778$18,898,381$28,700,981
78$39,946,121$22,998,633$19,450,245$30,763,299
79$43,936,834$24,041,775$20,018,037$33,004,007
80$48,331,960$25,133,391$20,602,210$35,440,050
81$53,172,667$26,275,774$21,203,231$38,090,049
82$58,504,318$27,471,326$21,821,578$40,974,471
83$64,376,900$28,722,563$22,457,743$44,115,812
84$70,845,498$30,032,122$23,112,231$47,538,808
85$77,970,810$31,402,768$23,785,563$51,270,651
86$85,819,725$32,837,396$24,478,271$55,341,246
87$94,465,950$34,339,041$25,190,906$59,783,482
88$103,990,708$35,910,884$25,924,032$64,633,530
89$114,483,501$37,556,259$26,678,228$69,931,179
90$126,042,960$39,278,657$27,454,091$75,720,201
91$138,777,771$41,081,741$28,252,232$82,048,750
92$152,807,704$42,969,346$29,073,282$88,969,812
93$168,264,739$44,945,494$29,917,887$96,541,690
94$185,294,318$47,014,398$30,786,711$104,828,541
95$204,056,711$49,180,476$31,680,438$113,900,975
96$224,728,533$51,448,357$32,599,770$123,836,702
97$247,504,408$53,822,892$33,545,428$134,721,257
98$272,598,811$56,309,166$34,518,152$146,648,792
99$300,248,084$58,912,510$35,518,705$159,722,947
100$330,712,675$61,638,509$36,547,868$174,057,818