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%17%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,107,797
2 years$584,594$573,707$563,155$552,924$543,001$510,505
3 years$385,858$374,924$364,399$354,264$344,502$313,034
4 years$286,510$275,609$265,189$255,227$245,702$215,503
5 years$226,916$216,081$205,797$196,039$186,779$157,932
6 years$187,200$176,446$166,315$156,774$147,792$120,323
7 years$158,843$148,179$138,208$128,893$120,194$94,104
8 years$137,584$127,017$117,212$108,125$99,713$74,987
9 years$121,058$110,591$100,954$92,098$83,972$60,586
10 years$107,846$97,481$88,014$79,390$71,549$49,470
11 years$97,042$86,781$77,486$69,093$61,534$40,728
12 years$88,046$77,890$68,767$60,604$53,324$33,750
13 years$80,440$70,390$61,439$53,504$46,500$28,114
14 years$73,925$63,982$55,203$47,495$40,761$23,519
15 years$68,285$58,449$49,841$42,357$35,890$19,743
16 years$63,354$53,626$45,188$37,926$31,719$16,621
17 years$59,008$49,388$41,120$34,076$28,125$14,026
18 years$55,150$45,636$37,537$30,710$25,007$11,860
19 years$51,701$42,295$34,363$27,749$22,289$10,045
20 years$48,601$39,303$31,537$25,132$19,909$8,519
21 years$45,800$36,609$29,008$22,809$17,817$7,234
22 years$43,257$34,173$26,735$20,738$15,970$6,149
23 years$40,939$31,961$24,685$18,887$14,336$5,230
24 years$38,817$29,946$22,830$17,226$12,885$4,452
25 years$36,868$28,103$21,145$15,732$11,595$3,792
26 years$35,071$26,412$19,611$14,384$10,444$3,232
27 years$33,411$24,857$18,210$13,166$9,416$2,755
28 years$31,872$23,422$16,929$12,063$8,496$2,350
29 years$30,441$22,096$15,754$11,062$7,672$2,005
30 years$29,109$20,868$14,674$10,152$6,932$1,711
31 years$27,864$19,727$13,680$9,324$6,267$1,461
32 years$26,700$18,666$12,764$8,569$5,669$1,247
33 years$25,609$17,677$11,918$7,880$5,131$1,065
34 years$24,584$16,753$11,135$7,250$4,645$909
35 years$23,620$15,890$10,411$6,674$4,207$777
36 years$22,712$15,082$9,739$6,147$3,812$663
37 years$21,854$14,325$9,115$5,663$3,455$567
38 years$21,044$13,614$8,536$5,220$3,132$484
39 years$20,277$12,945$7,997$4,813$2,840$414
40 years$19,550$12,316$7,496$4,440$2,576$353
41 years$18,861$11,724$7,029$4,096$2,337$302
42 years$18,206$11,165$6,593$3,780$2,121$258
43 years$17,583$10,638$6,187$3,490$1,925$221
44 years$16,990$10,141$5,808$3,222$1,747$188
45 years$16,426$9,670$5,453$2,976$1,586$161
46 years$15,887$9,225$5,122$2,749$1,440$138
47 years$15,373$8,803$4,812$2,539$1,308$118
48 years$14,881$8,404$4,522$2,346$1,188$101
49 years$14,411$8,025$4,250$2,169$1,079$86
50 years$13,962$7,666$3,996$2,004$980$73

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 $3,546 every year, while hoping to spend $38,447 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: 48/42/10 Blend
67$14,300,000$14,300,000$14,300,000$14,300,000
68$15,762,258$15,004,358$14,782,708$16,475,750
69$17,329,101$15,698,664$15,237,021$17,660,646
70$19,054,473$16,425,703$15,705,265$18,942,105
71$20,954,504$17,187,037$16,187,867$20,332,548
72$23,046,968$17,984,306$16,685,264$21,842,144
73$25,351,448$18,819,226$17,197,910$23,482,056
74$27,889,527$19,693,599$17,726,271$25,264,542
75$30,684,984$20,609,312$18,270,827$27,203,062
76$33,764,027$21,568,342$18,832,074$29,312,399
77$37,155,531$22,572,764$19,410,522$31,608,797
78$40,891,316$23,624,751$20,006,696$34,110,097
79$45,006,449$24,726,582$20,621,138$36,835,909
80$49,539,567$25,880,645$21,254,407$39,807,781
81$54,533,252$27,089,445$21,907,078$43,049,399
82$60,034,422$28,355,607$22,579,744$46,586,800
83$66,094,784$29,681,882$23,273,016$50,448,610
84$72,771,313$31,071,156$23,987,524$54,666,302
85$80,126,797$32,526,452$24,723,915$59,274,489
86$88,230,423$34,050,941$25,482,859$64,311,233
87$97,158,435$35,647,947$26,265,044$69,818,402
88$106,994,854$37,320,954$27,071,181$75,842,045
89$117,832,264$39,073,616$27,902,001$82,432,824
90$129,772,693$40,909,761$28,758,257$89,646,471
91$142,928,575$42,833,407$29,640,725$97,544,310
92$157,423,808$44,848,762$30,550,208$106,193,814
93$173,394,925$46,960,240$31,487,528$115,669,234
94$190,992,383$49,172,467$32,453,536$126,052,284
95$210,381,983$51,490,296$33,449,107$137,432,892
96$231,746,437$53,918,812$34,475,144$149,910,040
97$255,287,089$56,463,348$35,532,576$163,592,678
98$281,225,815$59,129,496$36,622,361$178,600,731
99$309,807,125$61,923,118$37,745,486$195,066,220
100$341,300,461$64,850,359$38,902,969$213,134,483