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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.2%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,114,646
2 years$588,682$577,719$567,093$556,791$546,798$513,189
3 years$388,557$377,546$366,947$356,741$346,911$314,376
4 years$288,513$277,536$267,043$257,012$247,420$216,208
5 years$228,503$217,592$207,237$197,410$188,085$158,282
6 years$188,509$177,680$167,478$157,870$148,825$120,458
7 years$159,953$149,215$139,175$129,794$121,035$94,103
8 years$138,546$127,905$118,031$108,881$100,410$74,897
9 years$121,905$111,364$101,660$92,742$84,560$60,440
10 years$108,600$98,162$88,630$79,945$72,049$49,290
11 years$97,721$87,388$78,028$69,576$61,965$40,527
12 years$88,662$78,435$69,248$61,027$53,697$33,539
13 years$81,002$70,882$61,869$53,878$46,825$27,901
14 years$74,442$64,430$55,589$47,827$41,047$23,308
15 years$68,762$58,858$50,190$42,653$36,141$19,539
16 years$63,797$54,001$45,504$38,191$31,941$16,426
17 years$59,421$49,733$41,407$34,315$28,321$13,841
18 years$55,535$45,955$37,799$30,924$25,182$11,686
19 years$52,063$42,591$34,603$27,943$22,445$9,883
20 years$48,941$39,578$31,757$25,308$20,048$8,369
21 years$46,120$36,865$29,211$22,968$17,941$7,095
22 years$43,560$34,412$26,922$20,883$16,082$6,021
23 years$41,225$32,185$24,858$19,019$14,436$5,114
24 years$39,088$30,155$22,989$17,346$12,975$4,346
25 years$37,125$28,299$21,293$15,842$11,676$3,696
26 years$35,316$26,597$19,748$14,485$10,517$3,145
27 years$33,644$25,031$18,338$13,258$9,482$2,677
28 years$32,094$23,586$17,047$12,147$8,556$2,279
29 years$30,654$22,251$15,864$11,139$7,726$1,942
30 years$29,312$21,014$14,777$10,223$6,981$1,654
31 years$28,059$19,865$13,776$9,389$6,311$1,410
32 years$26,887$18,796$12,853$8,629$5,709$1,201
33 years$25,788$17,800$12,001$7,935$5,167$1,024
34 years$24,756$16,871$11,213$7,301$4,678$873
35 years$23,785$16,002$10,483$6,721$4,237$745
36 years$22,871$15,188$9,807$6,190$3,839$635
37 years$22,007$14,425$9,179$5,703$3,479$541
38 years$21,191$13,709$8,596$5,257$3,154$462
39 years$20,419$13,036$8,053$4,847$2,860$394
40 years$19,687$12,402$7,548$4,471$2,594$336
41 years$18,993$11,806$7,078$4,125$2,354$287
42 years$18,333$11,244$6,639$3,807$2,136$244
43 years$17,706$10,713$6,230$3,514$1,938$209
44 years$17,109$10,212$5,848$3,245$1,759$178
45 years$16,540$9,738$5,491$2,996$1,597$152
46 years$15,998$9,289$5,157$2,768$1,450$130
47 years$15,480$8,865$4,845$2,557$1,317$110
48 years$14,985$8,463$4,553$2,363$1,196$94
49 years$14,512$8,081$4,280$2,184$1,086$80
50 years$14,059$7,720$4,024$2,018$987$69

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 $6,544 every year, while hoping to spend $26,702 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: 56/18/26 Blend
67$14,400,000$14,400,000$14,400,000$14,400,000
68$15,875,550$15,112,350$14,889,150$16,650,993
69$17,466,446$15,824,445$15,359,526$17,896,244
70$19,218,717$16,570,537$15,844,764$19,248,938
71$21,148,798$17,352,264$16,345,335$20,722,212
72$23,274,794$18,171,344$16,861,723$22,327,695
73$25,616,660$19,029,577$17,394,427$24,078,175
74$28,196,383$19,928,850$17,943,964$25,987,716
75$31,038,192$20,871,142$18,510,866$28,071,788
76$34,168,789$21,858,529$19,095,681$30,347,406
77$37,617,594$22,893,185$19,698,975$32,833,290
78$41,417,030$23,977,393$20,321,332$35,550,038
79$45,602,826$25,113,544$20,963,355$38,520,311
80$50,214,353$26,304,146$21,625,666$41,769,046
81$55,294,996$27,551,829$22,308,905$45,323,687
82$60,892,567$28,859,349$23,013,735$49,214,438
83$67,059,750$30,229,599$23,740,837$53,474,540
84$73,854,605$31,665,610$24,490,915$58,140,585
85$81,341,110$33,170,560$25,264,696$63,252,851
86$89,589,768$34,747,782$26,062,928$68,855,677
87$98,678,274$36,400,773$26,886,385$74,997,877
88$108,692,242$38,133,195$27,735,864$81,733,194
89$119,726,023$39,948,894$28,612,187$89,120,798
90$131,883,585$41,851,897$29,516,203$97,225,840
91$145,279,501$43,846,431$30,448,787$106,120,058
92$160,040,031$45,936,927$31,410,842$115,882,450
93$176,304,308$48,128,030$32,403,299$126,600,004
94$194,225,658$50,424,614$33,427,120$138,368,520
95$213,973,042$52,831,787$34,483,295$151,293,498
96$235,732,655$55,354,907$35,572,848$165,491,129
97$259,709,681$57,999,593$36,696,833$181,089,382
98$286,130,230$60,771,735$37,856,340$198,229,197
99$315,243,476$63,677,512$39,052,489$217,065,814
100$347,324,004$66,723,404$40,286,441$237,770,219