Can I retire at age 68 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,140,084
2 years$588,682$577,719$567,093$556,791$546,798$538,538
3 years$388,557$377,546$366,947$356,741$346,911$338,838
4 years$288,513$277,536$267,043$257,012$247,420$239,596
5 years$228,503$217,592$207,237$197,410$188,085$180,533
6 years$188,509$177,680$167,478$157,870$148,825$141,556
7 years$159,953$149,215$139,175$129,794$121,035$114,051
8 years$138,546$127,905$118,031$108,881$100,410$93,712
9 years$121,905$111,364$101,660$92,742$84,560$78,146
10 years$108,600$98,162$88,630$79,945$72,049$65,915
11 years$97,721$87,388$78,028$69,576$61,965$56,107
12 years$88,662$78,435$69,248$61,027$53,697$48,110
13 years$81,002$70,882$61,869$53,878$46,825$41,503
14 years$74,442$64,430$55,589$47,827$41,047$35,983
15 years$68,762$58,858$50,190$42,653$36,141$31,329
16 years$63,797$54,001$45,504$38,191$31,941$27,374
17 years$59,421$49,733$41,407$34,315$28,321$23,991
18 years$55,535$45,955$37,799$30,924$25,182$21,081
19 years$52,063$42,591$34,603$27,943$22,445$18,565
20 years$48,941$39,578$31,757$25,308$20,048$16,382
21 years$46,120$36,865$29,211$22,968$17,941$14,480
22 years$43,560$34,412$26,922$20,883$16,082$12,817
23 years$41,225$32,185$24,858$19,019$14,436$11,360
24 years$39,088$30,155$22,989$17,346$12,975$10,081
25 years$37,125$28,299$21,293$15,842$11,676$8,954
26 years$35,316$26,597$19,748$14,485$10,517$7,960
27 years$33,644$25,031$18,338$13,258$9,482$7,082
28 years$32,094$23,586$17,047$12,147$8,556$6,305
29 years$30,654$22,251$15,864$11,139$7,726$5,617
30 years$29,312$21,014$14,777$10,223$6,981$5,006
31 years$28,059$19,865$13,776$9,389$6,311$4,464
32 years$26,887$18,796$12,853$8,629$5,709$3,983
33 years$25,788$17,800$12,001$7,935$5,167$3,555
34 years$24,756$16,871$11,213$7,301$4,678$3,173
35 years$23,785$16,002$10,483$6,721$4,237$2,834
36 years$22,871$15,188$9,807$6,190$3,839$2,531
37 years$22,007$14,425$9,179$5,703$3,479$2,262
38 years$21,191$13,709$8,596$5,257$3,154$2,021
39 years$20,419$13,036$8,053$4,847$2,860$1,807
40 years$19,687$12,402$7,548$4,471$2,594$1,615
41 years$18,993$11,806$7,078$4,125$2,354$1,444
42 years$18,333$11,244$6,639$3,807$2,136$1,291
43 years$17,706$10,713$6,230$3,514$1,938$1,155
44 years$17,109$10,212$5,848$3,245$1,759$1,033
45 years$16,540$9,738$5,491$2,996$1,597$924
46 years$15,998$9,289$5,157$2,768$1,450$827
47 years$15,480$8,865$4,845$2,557$1,317$740
48 years$14,985$8,463$4,553$2,363$1,196$662
49 years$14,512$8,081$4,280$2,184$1,086$592
50 years$14,059$7,720$4,024$2,018$987$530

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $14,400,000, adding $6,199 every year, while hoping to spend $46,249 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: 54/18/28 Blend
67$14,400,000$14,400,000$14,400,000$14,400,000
68$15,875,194$15,111,994$14,888,794$16,608,508
69$17,445,256$15,803,273$15,338,360$17,807,517
70$19,173,913$16,526,875$15,801,437$19,106,956
71$21,077,294$17,284,334$16,278,427$20,520,793
72$23,173,172$18,077,260$16,769,748$22,060,027
73$25,481,127$18,907,338$17,275,826$23,736,754
74$28,022,739$19,776,335$17,797,104$25,564,276
75$30,821,786$20,686,102$18,334,034$27,557,224
76$33,904,468$21,638,581$18,887,084$29,731,692
77$37,299,658$22,635,806$19,456,735$32,105,385
78$41,039,170$23,679,908$20,043,483$34,697,780
79$45,158,064$24,773,121$20,647,839$37,530,310
80$49,694,971$25,917,789$21,270,326$40,626,559
81$54,692,463$27,116,365$21,911,486$44,012,481
82$60,197,450$28,371,422$22,571,876$47,716,636
83$66,261,625$29,685,658$23,252,070$51,770,464
84$72,941,953$31,061,898$23,952,657$56,208,567
85$80,301,207$32,503,105$24,674,245$61,069,035
86$88,408,559$34,012,386$25,417,461$66,393,798
87$97,340,234$35,592,995$26,182,948$72,229,019
88$107,180,231$37,248,345$26,971,370$78,625,520
89$118,021,114$38,982,013$27,783,410$85,639,257
90$129,964,884$40,797,748$28,619,771$93,331,840
91$143,123,946$42,699,482$29,481,177$101,771,111
92$157,622,166$44,691,333$30,368,374$111,031,775
93$173,596,040$46,777,622$31,282,128$121,196,095
94$191,195,987$48,962,877$32,223,230$132,354,667
95$210,587,763$51,251,842$33,192,493$144,607,259
96$231,954,028$53,649,496$34,190,755$158,063,752
97$255,496,071$56,161,053$35,218,877$172,845,164
98$281,435,708$58,791,983$36,277,748$189,084,782
99$310,017,378$61,548,018$37,368,280$206,929,414
100$341,510,448$64,435,168$38,491,415$226,540,763