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%17.6%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,097,400
2 years$580,506$569,695$559,217$549,058$539,204$504,320
3 years$383,160$372,302$361,850$351,787$342,093$308,347
4 years$284,506$273,681$263,334$253,443$243,984$211,634
5 years$225,329$214,569$204,358$194,668$185,472$154,607
6 years$185,891$175,212$165,152$155,678$146,758$117,404
7 years$157,732$147,143$137,242$127,991$119,354$91,508
8 years$136,622$126,129$116,392$107,369$99,015$72,661
9 years$120,212$109,818$100,248$91,454$83,385$58,493
10 years$107,092$96,799$87,399$78,834$71,048$47,583
11 years$96,364$86,174$76,945$68,610$61,104$39,023
12 years$87,430$77,345$68,286$60,180$52,951$32,209
13 years$79,877$69,898$61,009$53,130$46,175$26,721
14 years$73,408$63,535$54,817$47,163$40,476$22,261
15 years$67,807$58,040$49,493$42,061$35,639$18,609
16 years$62,911$53,251$44,872$37,661$31,498$15,599
17 years$58,596$49,042$40,832$33,838$27,928$13,106
18 years$54,764$45,317$37,274$30,495$24,832$11,032
19 years$51,339$41,999$34,123$27,555$22,133$9,302
20 years$48,261$39,028$31,316$24,956$19,770$7,853
21 years$45,480$36,353$28,805$22,649$17,692$6,637
22 years$42,955$33,934$26,548$20,593$15,858$5,615
23 years$40,653$31,738$24,513$18,755$14,235$4,754
24 years$38,545$29,736$22,670$17,105$12,795$4,028
25 years$36,610$27,906$20,997$15,622$11,514$3,414
26 years$34,826$26,227$19,474$14,284$10,371$2,896
27 years$33,177$24,683$18,083$13,074$9,350$2,457
28 years$31,649$23,259$16,810$11,979$8,437$2,085
29 years$30,228$21,942$15,644$10,985$7,618$1,770
30 years$28,905$20,722$14,571$10,081$6,884$1,503
31 years$27,670$19,589$13,584$9,259$6,224$1,277
32 years$26,514$18,535$12,675$8,509$5,630$1,085
33 years$25,430$17,553$11,834$7,825$5,095$922
34 years$24,412$16,636$11,057$7,200$4,613$783
35 years$23,455$15,779$10,338$6,628$4,178$665
36 years$22,553$14,977$9,671$6,104$3,785$566
37 years$21,701$14,225$9,052$5,624$3,431$481
38 years$20,897$13,518$8,476$5,184$3,110$409
39 years$20,135$12,855$7,942$4,780$2,821$347
40 years$19,414$12,230$7,444$4,408$2,558$295
41 years$18,729$11,642$6,980$4,067$2,321$251
42 years$18,079$11,087$6,547$3,754$2,106$213
43 years$17,460$10,564$6,144$3,465$1,911$181
44 years$16,872$10,070$5,767$3,199$1,735$154
45 years$16,311$9,602$5,415$2,955$1,575$131
46 years$15,776$9,160$5,086$2,729$1,430$112
47 years$15,265$8,742$4,778$2,522$1,299$95
48 years$14,777$8,345$4,490$2,330$1,179$81
49 years$14,311$7,969$4,220$2,153$1,071$69
50 years$13,864$7,612$3,968$1,990$973$58

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 $6,087 every year, while hoping to spend $34,775 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: 65/14/21 Blend
67$14,200,000$14,200,000$14,200,000$14,200,000
68$15,654,679$14,902,079$14,681,979$16,587,965
69$17,214,456$15,595,280$15,136,825$17,909,225
70$18,932,164$16,321,283$15,605,742$19,348,106
71$20,823,877$17,081,658$16,089,167$20,919,825
72$22,907,304$17,878,051$16,587,546$22,637,407
73$25,201,962$18,712,188$17,101,341$24,515,186
74$27,729,355$19,585,879$17,631,029$26,568,935
75$30,513,182$20,501,019$18,177,101$28,816,013
76$33,579,555$21,459,597$18,740,062$31,275,528
77$36,957,249$22,463,698$19,320,435$33,968,510
78$40,677,975$23,515,505$19,918,756$36,918,111
79$44,776,675$24,617,311$20,535,580$40,149,816
80$49,291,852$25,771,516$21,171,478$43,691,684
81$54,265,938$26,980,637$21,827,040$47,574,604
82$59,745,690$28,247,314$22,502,871$51,832,589
83$65,782,632$29,574,314$23,199,599$56,503,088
84$72,433,543$30,964,538$23,917,869$61,627,338
85$79,760,991$32,421,027$24,658,344$67,250,747
86$87,833,924$33,946,970$25,421,711$73,423,320
87$96,728,322$35,545,709$26,208,675$80,200,125
88$106,527,911$37,220,749$27,019,967$87,641,810
89$117,324,958$38,975,766$27,856,335$95,815,166
90$129,221,136$40,814,611$28,718,555$104,793,756
91$142,328,489$42,741,324$29,607,424$114,658,605
92$156,770,486$44,760,140$30,523,764$125,498,954
93$172,683,188$46,875,499$31,468,422$137,413,099
94$190,216,533$49,092,058$32,442,274$150,509,314
95$209,535,747$51,414,697$33,446,218$164,906,864
96$230,822,911$53,848,535$34,481,184$180,737,126
97$254,278,674$56,398,939$35,548,129$198,144,822
98$280,124,146$59,071,535$36,648,039$217,289,373
99$308,602,992$61,872,223$37,781,932$238,346,403
100$339,983,725$64,807,189$38,950,854$261,509,385