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%19.2%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,098,097
2 years$584,594$573,707$563,155$552,924$543,001$500,957
3 years$385,858$374,924$364,399$354,264$344,502$303,941
4 years$286,510$275,609$265,189$255,227$245,702$206,933
5 years$226,916$216,081$205,797$196,039$186,779$149,903
6 years$187,200$176,446$166,315$156,774$147,792$112,835
7 years$158,843$148,179$138,208$128,893$120,194$87,148
8 years$137,584$127,017$117,212$108,125$99,713$68,547
9 years$121,058$110,591$100,954$92,098$83,972$54,644
10 years$107,846$97,481$88,014$79,390$71,549$44,005
11 years$97,042$86,781$77,486$69,093$61,534$35,716
12 years$88,046$77,890$68,767$60,604$53,324$29,168
13 years$80,440$70,390$61,439$53,504$46,500$23,936
14 years$73,925$63,982$55,203$47,495$40,761$19,720
15 years$68,285$58,449$49,841$42,357$35,890$16,298
16 years$63,354$53,626$45,188$37,926$31,719$13,505
17 years$59,008$49,388$41,120$34,076$28,125$11,214
18 years$55,150$45,636$37,537$30,710$25,007$9,328
19 years$51,701$42,295$34,363$27,749$22,289$7,770
20 years$48,601$39,303$31,537$25,132$19,909$6,480
21 years$45,800$36,609$29,008$22,809$17,817$5,409
22 years$43,257$34,173$26,735$20,738$15,970$4,519
23 years$40,939$31,961$24,685$18,887$14,336$3,778
24 years$38,817$29,946$22,830$17,226$12,885$3,161
25 years$36,868$28,103$21,145$15,732$11,595$2,645
26 years$35,071$26,412$19,611$14,384$10,444$2,215
27 years$33,411$24,857$18,210$13,166$9,416$1,855
28 years$31,872$23,422$16,929$12,063$8,496$1,554
29 years$30,441$22,096$15,754$11,062$7,672$1,302
30 years$29,109$20,868$14,674$10,152$6,932$1,091
31 years$27,864$19,727$13,680$9,324$6,267$915
32 years$26,700$18,666$12,764$8,569$5,669$767
33 years$25,609$17,677$11,918$7,880$5,131$643
34 years$24,584$16,753$11,135$7,250$4,645$539
35 years$23,620$15,890$10,411$6,674$4,207$452
36 years$22,712$15,082$9,739$6,147$3,812$379
37 years$21,854$14,325$9,115$5,663$3,455$318
38 years$21,044$13,614$8,536$5,220$3,132$267
39 years$20,277$12,945$7,997$4,813$2,840$224
40 years$19,550$12,316$7,496$4,440$2,576$188
41 years$18,861$11,724$7,029$4,096$2,337$157
42 years$18,206$11,165$6,593$3,780$2,121$132
43 years$17,583$10,638$6,187$3,490$1,925$111
44 years$16,990$10,141$5,808$3,222$1,747$93
45 years$16,426$9,670$5,453$2,976$1,586$78
46 years$15,887$9,225$5,122$2,749$1,440$65
47 years$15,373$8,803$4,812$2,539$1,308$55
48 years$14,881$8,404$4,522$2,346$1,188$46
49 years$14,411$8,025$4,250$2,169$1,079$39
50 years$13,962$7,666$3,996$2,004$980$32

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 $5,592 every year, while hoping to spend $31,981 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: 59/35/6 Blend
67$14,300,000$14,300,000$14,300,000$14,300,000
68$15,764,368$15,006,468$14,784,818$16,675,651
69$17,338,306$15,707,758$15,246,082$17,988,232
70$19,071,714$16,442,338$15,721,726$19,414,541
71$20,980,824$17,211,808$16,212,199$20,968,818
72$23,083,522$18,017,841$16,717,962$22,663,339
73$25,399,520$18,862,193$17,239,492$24,511,591
74$27,950,535$19,746,705$17,777,280$26,528,404
75$30,760,503$20,673,307$18,331,832$28,730,077
76$33,855,796$21,644,021$18,903,670$31,134,535
77$37,265,478$22,660,968$19,493,333$33,761,484
78$41,021,573$23,726,372$20,101,376$36,632,599
79$45,159,373$24,842,564$20,728,372$39,771,716
80$49,717,767$26,011,987$21,374,910$43,205,054
81$54,739,609$27,237,205$22,041,600$46,961,455
82$60,272,124$28,520,903$22,729,069$51,072,649
83$66,367,352$29,865,898$23,437,963$55,573,545
84$73,082,638$31,275,143$24,168,951$60,502,554
85$80,481,177$32,751,735$24,922,721$65,901,943
86$88,632,605$34,298,919$25,699,981$71,818,225
87$97,613,664$35,920,099$26,501,463$78,302,590
88$107,508,918$37,618,843$27,327,922$85,411,378
89$118,411,555$39,398,894$28,180,135$93,206,599
90$130,424,268$41,264,174$29,058,903$101,756,513
91$143,660,221$43,218,797$29,965,055$111,136,259
92$158,244,122$45,267,076$30,899,443$121,428,554
93$174,313,393$47,413,533$31,862,944$132,724,465
94$192,019,473$49,662,911$32,856,467$145,124,250
95$211,529,246$52,020,180$33,880,945$158,738,299
96$233,026,615$54,490,555$34,937,343$173,688,154
97$256,714,240$57,079,502$36,026,654$190,107,650
98$282,815,447$59,792,753$37,149,902$208,144,159
99$311,576,344$62,636,318$38,308,144$227,959,965
100$343,268,133$65,616,501$39,502,470$249,733,782