Can I retire at age 68 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,129,805
2 years$584,594$573,707$563,155$552,924$543,001$532,424
3 years$385,858$374,924$364,399$354,264$344,502$334,174
4 years$286,510$275,609$265,189$255,227$245,702$235,702
5 years$226,916$216,081$205,797$196,039$186,779$177,137
6 years$187,200$176,446$166,315$156,774$147,792$138,520
7 years$158,843$148,179$138,208$128,893$120,194$111,296
8 years$137,584$127,017$117,212$108,125$99,713$91,188
9 years$121,058$110,591$100,954$92,098$83,972$75,819
10 years$107,846$97,481$88,014$79,390$71,549$63,761
11 years$97,042$86,781$77,486$69,093$61,534$54,107
12 years$88,046$77,890$68,767$60,604$53,324$46,249
13 years$80,440$70,390$61,439$53,504$46,500$39,769
14 years$73,925$63,982$55,203$47,495$40,761$34,367
15 years$68,285$58,449$49,841$42,357$35,890$29,822
16 years$63,354$53,626$45,188$37,926$31,719$25,968
17 years$59,008$49,388$41,120$34,076$28,125$22,680
18 years$55,150$45,636$37,537$30,710$25,007$19,858
19 years$51,701$42,295$34,363$27,749$22,289$17,426
20 years$48,601$39,303$31,537$25,132$19,909$15,321
21 years$45,800$36,609$29,008$22,809$17,817$13,492
22 years$43,257$34,173$26,735$20,738$15,970$11,898
23 years$40,939$31,961$24,685$18,887$14,336$10,506
24 years$38,817$29,946$22,830$17,226$12,885$9,286
25 years$36,868$28,103$21,145$15,732$11,595$8,217
26 years$35,071$26,412$19,611$14,384$10,444$7,276
27 years$33,411$24,857$18,210$13,166$9,416$6,448
28 years$31,872$23,422$16,929$12,063$8,496$5,718
29 years$30,441$22,096$15,754$11,062$7,672$5,073
30 years$29,109$20,868$14,674$10,152$6,932$4,503
31 years$27,864$19,727$13,680$9,324$6,267$4,000
32 years$26,700$18,666$12,764$8,569$5,669$3,553
33 years$25,609$17,677$11,918$7,880$5,131$3,158
34 years$24,584$16,753$11,135$7,250$4,645$2,808
35 years$23,620$15,890$10,411$6,674$4,207$2,497
36 years$22,712$15,082$9,739$6,147$3,812$2,221
37 years$21,854$14,325$9,115$5,663$3,455$1,976
38 years$21,044$13,614$8,536$5,220$3,132$1,758
39 years$20,277$12,945$7,997$4,813$2,840$1,565
40 years$19,550$12,316$7,496$4,440$2,576$1,393
41 years$18,861$11,724$7,029$4,096$2,337$1,240
42 years$18,206$11,165$6,593$3,780$2,121$1,104
43 years$17,583$10,638$6,187$3,490$1,925$983
44 years$16,990$10,141$5,808$3,222$1,747$876
45 years$16,426$9,670$5,453$2,976$1,586$780
46 years$15,887$9,225$5,122$2,749$1,440$695
47 years$15,373$8,803$4,812$2,539$1,308$619
48 years$14,881$8,404$4,522$2,346$1,188$551
49 years$14,411$8,025$4,250$2,169$1,079$491
50 years$13,962$7,666$3,996$2,004$980$438

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $14,300,000, adding $2,239 every year, while hoping to spend $58,172 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: 42/50/8 Blend
67$14,300,000$14,300,000$14,300,000$14,300,000
68$15,760,910$15,003,010$14,781,360$16,385,819
69$17,306,628$15,676,262$15,214,641$17,494,680
70$19,008,060$16,380,555$15,660,487$18,688,571
71$20,881,026$17,117,347$16,119,258$19,979,974
72$22,942,961$17,888,167$16,591,323$21,377,791
73$25,213,074$18,694,618$17,077,063$22,891,784
74$27,712,530$19,538,377$17,576,868$24,532,663
75$30,464,655$20,421,204$18,091,139$26,312,178
76$33,495,148$21,344,941$18,620,291$28,243,226
77$36,832,329$22,311,519$19,164,746$30,339,962
78$40,507,403$23,322,961$19,724,942$32,617,927
79$44,554,758$24,381,385$20,301,327$35,094,184
80$49,012,284$25,489,014$20,894,362$37,787,475
81$53,921,736$26,648,174$21,504,522$40,718,385
82$59,329,123$27,861,305$22,132,293$43,909,529
83$65,285,145$29,130,961$22,778,177$47,385,755
84$71,845,672$30,459,820$23,442,688$51,174,369
85$79,072,268$31,850,689$24,126,356$55,305,380
86$87,032,775$33,306,508$24,829,724$59,811,777
87$95,801,950$34,830,359$25,553,352$64,729,823
88$105,462,174$36,425,471$26,297,814$70,099,388
89$116,104,226$38,095,229$27,063,701$75,964,313
90$127,828,141$39,843,180$27,851,620$82,372,809
91$140,744,157$41,673,041$28,662,194$89,377,900
92$154,973,749$43,588,708$29,496,066$97,037,907
93$170,650,781$45,594,264$30,353,893$105,416,982
94$187,922,765$47,693,988$31,236,354$114,585,701
95$206,952,259$49,892,365$32,144,143$124,621,713
96$227,918,394$52,194,096$33,077,976$135,610,452
97$251,018,570$54,604,107$34,038,589$147,645,927
98$276,470,319$57,127,562$35,026,736$160,831,592
99$304,513,353$59,769,874$36,043,193$175,281,299
100$335,411,832$62,536,716$37,088,758$191,120,353