Can I retire at age 68 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,121,436
2 years$580,506$569,695$559,217$549,058$539,204$528,232
3 years$383,160$372,302$361,850$351,787$342,093$331,381
4 years$284,506$273,681$263,334$253,443$243,984$233,614
5 years$225,329$214,569$204,358$194,668$185,472$175,476
6 years$185,891$175,212$165,152$155,678$146,758$137,147
7 years$157,732$147,143$137,242$127,991$119,354$110,132
8 years$136,622$126,129$116,392$107,369$99,015$90,183
9 years$120,212$109,818$100,248$91,454$83,385$74,939
10 years$107,092$96,799$87,399$78,834$71,048$62,983
11 years$96,364$86,174$76,945$68,610$61,104$53,414
12 years$87,430$77,345$68,286$60,180$52,951$45,628
13 years$79,877$69,898$61,009$53,130$46,175$39,210
14 years$73,408$63,535$54,817$47,163$40,476$33,861
15 years$67,807$58,040$49,493$42,061$35,639$29,363
16 years$62,911$53,251$44,872$37,661$31,498$25,551
17 years$58,596$49,042$40,832$33,838$27,928$22,300
18 years$54,764$45,317$37,274$30,495$24,832$19,512
19 years$51,339$41,999$34,123$27,555$22,133$17,110
20 years$48,261$39,028$31,316$24,956$19,770$15,032
21 years$45,480$36,353$28,805$22,649$17,692$13,227
22 years$42,955$33,934$26,548$20,593$15,858$11,656
23 years$40,653$31,738$24,513$18,755$14,235$10,284
24 years$38,545$29,736$22,670$17,105$12,795$9,084
25 years$36,610$27,906$20,997$15,622$11,514$8,031
26 years$34,826$26,227$19,474$14,284$10,371$7,106
27 years$33,177$24,683$18,083$13,074$9,350$6,292
28 years$31,649$23,259$16,810$11,979$8,437$5,575
29 years$30,228$21,942$15,644$10,985$7,618$4,943
30 years$28,905$20,722$14,571$10,081$6,884$4,384
31 years$27,670$19,589$13,584$9,259$6,224$3,890
32 years$26,514$18,535$12,675$8,509$5,630$3,454
33 years$25,430$17,553$11,834$7,825$5,095$3,067
34 years$24,412$16,636$11,057$7,200$4,613$2,724
35 years$23,455$15,779$10,338$6,628$4,178$2,421
36 years$22,553$14,977$9,671$6,104$3,785$2,151
37 years$21,701$14,225$9,052$5,624$3,431$1,913
38 years$20,897$13,518$8,476$5,184$3,110$1,700
39 years$20,135$12,855$7,942$4,780$2,821$1,512
40 years$19,414$12,230$7,444$4,408$2,558$1,345
41 years$18,729$11,642$6,980$4,067$2,321$1,196
42 years$18,079$11,087$6,547$3,754$2,106$1,064
43 years$17,460$10,564$6,144$3,465$1,911$947
44 years$16,872$10,070$5,767$3,199$1,735$843
45 years$16,311$9,602$5,415$2,955$1,575$750
46 years$15,776$9,160$5,086$2,729$1,430$667
47 years$15,265$8,742$4,778$2,522$1,299$594
48 years$14,777$8,345$4,490$2,330$1,179$529
49 years$14,311$7,969$4,220$2,153$1,071$470
50 years$13,864$7,612$3,968$1,990$973$419

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $14,200,000, adding $2,514 every year, while hoping to spend $55,587 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: 54/38/8 Blend
67$14,200,000$14,200,000$14,200,000$14,200,000
68$15,650,993$14,898,393$14,678,293$16,465,794
69$17,188,250$15,569,270$15,110,872$17,688,491
70$18,880,445$16,271,157$15,556,079$19,012,220
71$20,743,321$17,005,515$16,014,279$20,451,541
72$22,794,229$17,773,874$16,485,846$22,017,419
73$25,052,284$18,577,838$16,971,166$23,721,901
74$27,538,552$19,419,087$17,470,635$25,578,226
75$30,276,244$20,299,382$17,984,661$27,600,940
76$33,290,936$21,220,567$18,513,662$29,806,035
77$36,610,813$22,184,576$19,058,070$32,211,089
78$40,266,928$23,193,433$19,618,329$34,835,425
79$44,293,505$24,249,261$20,194,893$37,700,293
80$48,728,252$25,354,284$20,788,231$40,829,058
81$53,612,723$26,510,834$21,398,826$44,247,417
82$58,992,707$27,721,350$22,027,173$47,983,632
83$64,918,661$28,988,394$22,673,781$52,068,792
84$71,446,186$30,314,648$23,339,175$56,537,097
85$78,636,552$31,702,921$24,023,892$61,426,173
86$86,557,276$33,156,159$24,728,488$66,777,417
87$95,282,757$34,677,449$25,453,531$72,636,380
88$104,894,981$36,270,027$26,199,607$79,053,190
89$115,484,293$37,937,283$26,967,318$86,083,011
90$127,150,251$39,682,770$27,757,283$93,786,554
91$140,002,563$41,510,213$28,570,139$102,230,643
92$154,162,126$43,423,514$29,406,540$111,488,831
93$169,762,162$45,426,765$30,267,158$121,642,082
94$186,949,479$47,524,253$31,152,685$132,779,527
95$205,885,858$49,720,474$32,063,831$144,999,287
96$226,749,574$52,020,136$33,001,329$158,409,390
97$249,737,086$54,428,177$33,965,928$173,128,773
98$275,064,883$56,949,773$34,958,402$189,288,395
99$302,971,537$59,590,347$35,979,544$207,032,449
100$333,719,945$62,355,586$37,030,170$226,519,718