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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.2%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,103,611
2 years$580,506$569,695$559,217$549,058$539,204$510,458
3 years$383,160$372,302$361,850$351,787$342,093$314,218
4 years$284,506$273,681$263,334$253,443$243,984$217,194
5 years$225,329$214,569$204,358$194,668$185,472$159,842
6 years$185,891$175,212$165,152$155,678$146,758$122,312
7 years$157,732$147,143$137,242$127,991$119,354$96,095
8 years$136,622$126,129$116,392$107,369$99,015$76,933
9 years$120,212$109,818$100,248$91,454$83,385$62,460
10 years$107,092$96,799$87,399$78,834$71,048$51,256
11 years$96,364$86,174$76,945$68,610$61,104$42,415
12 years$87,430$77,345$68,286$60,180$52,951$35,333
13 years$79,877$69,898$61,009$53,130$46,175$29,592
14 years$73,408$63,535$54,817$47,163$40,476$24,892
15 years$67,807$58,040$49,493$42,061$35,639$21,014
16 years$62,911$53,251$44,872$37,661$31,498$17,792
17 years$58,596$49,042$40,832$33,838$27,928$15,102
18 years$54,764$45,317$37,274$30,495$24,832$12,846
19 years$51,339$41,999$34,123$27,555$22,133$10,945
20 years$48,261$39,028$31,316$24,956$19,770$9,339
21 years$45,480$36,353$28,805$22,649$17,692$7,979
22 years$42,955$33,934$26,548$20,593$15,858$6,824
23 years$40,653$31,738$24,513$18,755$14,235$5,842
24 years$38,545$29,736$22,670$17,105$12,795$5,005
25 years$36,610$27,906$20,997$15,622$11,514$4,290
26 years$34,826$26,227$19,474$14,284$10,371$3,680
27 years$33,177$24,683$18,083$13,074$9,350$3,158
28 years$31,649$23,259$16,810$11,979$8,437$2,711
29 years$30,228$21,942$15,644$10,985$7,618$2,328
30 years$28,905$20,722$14,571$10,081$6,884$2,000
31 years$27,670$19,589$13,584$9,259$6,224$1,718
32 years$26,514$18,535$12,675$8,509$5,630$1,477
33 years$25,430$17,553$11,834$7,825$5,095$1,269
34 years$24,412$16,636$11,057$7,200$4,613$1,091
35 years$23,455$15,779$10,338$6,628$4,178$938
36 years$22,553$14,977$9,671$6,104$3,785$807
37 years$21,701$14,225$9,052$5,624$3,431$694
38 years$20,897$13,518$8,476$5,184$3,110$597
39 years$20,135$12,855$7,942$4,780$2,821$513
40 years$19,414$12,230$7,444$4,408$2,558$442
41 years$18,729$11,642$6,980$4,067$2,321$380
42 years$18,079$11,087$6,547$3,754$2,106$327
43 years$17,460$10,564$6,144$3,465$1,911$281
44 years$16,872$10,070$5,767$3,199$1,735$242
45 years$16,311$9,602$5,415$2,955$1,575$208
46 years$15,776$9,160$5,086$2,729$1,430$179
47 years$15,265$8,742$4,778$2,522$1,299$154
48 years$14,777$8,345$4,490$2,330$1,179$133
49 years$14,311$7,969$4,220$2,153$1,071$114
50 years$13,864$7,612$3,968$1,990$973$98

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 $6,398 every year, while hoping to spend $46,987 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: 55/33/12 Blend
67$14,200,000$14,200,000$14,200,000$14,200,000
68$15,655,000$14,902,400$14,682,300$16,467,654
69$17,201,816$15,582,623$15,124,163$17,699,770
70$18,904,832$16,294,603$15,579,254$19,034,995
71$20,779,932$17,039,846$16,047,966$20,487,727
72$22,844,617$17,819,930$16,530,704$22,069,171
73$25,118,171$18,636,509$17,027,885$23,791,640
74$27,621,844$19,491,318$17,539,940$25,668,667
75$30,379,054$20,386,174$18,067,309$27,715,128
76$33,415,601$21,322,981$18,610,448$29,947,379
77$36,759,921$22,303,735$19,169,826$32,383,402
78$40,443,342$23,330,527$19,745,925$35,042,970
79$44,500,390$24,405,551$20,339,241$37,947,830
80$48,969,110$25,531,103$20,950,286$41,121,899
81$53,891,425$26,709,592$21,579,585$44,591,486
82$59,313,530$27,943,543$22,227,682$48,385,532
83$65,286,334$29,235,600$22,895,132$52,535,877
84$71,865,932$30,588,536$23,582,512$57,077,552
85$79,114,142$32,005,259$24,290,411$62,049,103
86$87,099,083$33,488,815$25,019,437$67,492,950
87$95,895,819$35,042,397$25,770,219$73,455,771
88$105,587,070$36,669,352$26,543,399$79,988,941
89$116,263,991$38,373,190$27,339,642$87,149,006
90$128,027,028$40,157,587$28,159,630$94,998,206
91$140,986,876$42,026,399$29,004,068$103,605,054
92$155,265,511$43,983,667$29,873,679$113,044,970
93$170,997,354$46,033,627$30,769,208$123,400,983
94$188,330,530$48,180,721$31,691,422$134,764,506
95$207,428,270$50,429,602$32,641,111$147,236,183
96$228,470,453$52,785,152$33,619,087$160,926,828
97$251,655,300$55,252,485$34,626,188$175,958,459
98$277,201,249$57,836,965$35,663,273$192,465,433
99$305,349,013$60,544,213$36,731,229$210,595,705
100$336,363,856$63,380,123$37,830,969$230,512,202