Can I retire at age 68 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,112,132
2 years$592,771$581,731$571,031$560,658$550,595$506,666
3 years$391,255$380,167$369,495$359,219$349,320$306,962
4 years$290,517$279,463$268,898$258,797$249,138$208,674
5 years$230,090$219,103$208,676$198,781$189,391$150,925
6 years$189,818$178,914$168,641$158,967$149,859$113,417
7 years$161,064$150,252$140,141$130,695$121,875$87,447
8 years$139,508$128,793$118,851$109,637$101,107$68,660
9 years$122,752$112,138$102,366$93,386$85,147$54,633
10 years$109,354$98,844$89,245$80,500$72,549$43,913
11 years$98,400$87,995$78,570$70,059$62,395$35,572
12 years$89,277$78,980$69,729$61,451$54,070$28,991
13 years$81,565$71,374$62,298$54,252$47,150$23,743
14 years$74,959$64,877$55,975$48,159$41,332$19,520
15 years$69,240$59,267$50,538$42,949$36,392$16,098
16 years$64,240$54,376$45,820$38,457$32,163$13,310
17 years$59,834$50,078$41,695$34,553$28,518$11,027
18 years$55,921$46,275$38,062$31,139$25,357$9,152
19 years$52,424$42,887$34,844$28,137$22,601$7,606
20 years$49,281$39,852$31,978$25,483$20,188$6,329
21 years$46,441$37,121$29,413$23,128$18,066$5,271
22 years$43,862$34,651$27,109$21,028$16,193$4,393
23 years$41,511$32,408$25,030$19,151$14,536$3,664
24 years$39,360$30,365$23,149$17,467$13,065$3,058
25 years$37,383$28,496$21,441$15,952$11,757$2,553
26 years$35,562$26,781$19,885$14,585$10,590$2,132
27 years$33,878$25,204$18,465$13,350$9,548$1,782
28 years$32,317$23,750$17,166$12,232$8,615$1,489
29 years$30,867$22,405$15,974$11,217$7,779$1,245
30 years$29,516$21,160$14,879$10,294$7,029$1,040
31 years$28,254$20,003$13,871$9,454$6,355$870
32 years$27,074$18,927$12,942$8,689$5,749$728
33 years$25,967$17,924$12,084$7,990$5,202$609
34 years$24,928$16,988$11,291$7,352$4,710$509
35 years$23,951$16,113$10,556$6,768$4,266$426
36 years$23,029$15,293$9,875$6,233$3,865$356
37 years$22,160$14,525$9,243$5,743$3,503$298
38 years$21,338$13,804$8,656$5,293$3,176$249
39 years$20,561$13,126$8,109$4,881$2,880$209
40 years$19,824$12,489$7,601$4,502$2,612$175
41 years$19,125$11,888$7,127$4,153$2,370$146
42 years$18,461$11,322$6,686$3,833$2,151$122
43 years$17,829$10,787$6,273$3,538$1,952$102
44 years$17,228$10,282$5,889$3,267$1,772$86
45 years$16,655$9,805$5,529$3,017$1,608$72
46 years$16,109$9,354$5,193$2,787$1,460$60
47 years$15,588$8,926$4,879$2,575$1,326$50
48 years$15,089$8,521$4,585$2,379$1,204$42
49 years$14,613$8,138$4,310$2,199$1,094$35
50 years$14,157$7,773$4,052$2,032$993$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $14,500,000, adding $2,484 every year, while hoping to spend $35,914 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: 51/38/11 Blend
67$14,500,000$14,500,000$14,500,000$14,500,000
68$15,981,562$15,213,062$14,988,312$16,749,944
69$17,573,469$15,920,290$15,452,208$17,982,312
70$19,326,547$16,660,968$15,930,442$19,317,283
71$21,257,198$17,436,698$16,423,454$20,767,709
72$23,383,494$18,249,158$16,931,701$22,344,468
73$25,725,351$19,100,108$17,455,654$24,059,508
74$28,304,715$19,991,391$17,995,797$25,925,953
75$31,145,768$20,924,942$18,552,628$27,958,221
76$34,275,159$21,902,787$19,126,664$30,172,157
77$37,722,252$22,927,050$19,718,434$32,585,171
78$41,519,406$23,999,960$20,328,486$35,216,399
79$45,702,279$25,123,851$20,957,384$38,086,877
80$50,310,163$26,301,172$21,605,708$41,219,731
81$55,386,358$27,534,488$22,274,058$44,640,386
82$60,978,579$28,826,490$22,963,051$48,376,802
83$67,139,405$30,179,999$23,673,324$52,459,726
84$73,926,778$31,597,972$24,405,533$56,922,977
85$81,404,545$33,083,509$25,160,355$61,803,750
86$89,643,068$34,639,860$25,938,486$67,142,966
87$98,719,880$36,270,432$26,740,645$72,985,640
88$108,720,424$37,978,800$27,567,572$79,381,301
89$119,738,854$39,768,707$28,420,032$86,384,445
90$131,878,925$41,644,082$29,298,811$94,055,040
91$145,254,974$43,609,041$30,204,721$102,459,080
92$159,993,000$45,667,902$31,138,597$111,669,192
93$176,231,847$47,825,191$32,101,302$121,765,316
94$194,124,523$50,085,653$33,093,723$132,835,435
95$213,839,639$52,454,264$34,116,777$144,976,400
96$235,563,000$54,936,241$35,171,407$158,294,825
97$259,499,364$57,537,054$36,258,586$172,908,079
98$285,874,367$60,262,439$37,379,318$188,945,375
99$314,936,663$63,118,408$38,534,635$206,548,974
100$346,960,260$66,111,268$39,725,603$225,875,513