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%15.7%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,129,216
2 years$592,771$581,731$571,031$560,658$550,595$523,512
3 years$391,255$380,167$369,495$359,219$349,320$323,035
4 years$290,517$279,463$268,898$258,797$249,138$223,852
5 years$230,090$219,103$208,676$198,781$189,391$165,176
6 years$189,818$178,914$168,641$158,967$149,859$126,739
7 years$161,064$150,252$140,141$130,695$121,875$99,855
8 years$139,508$128,793$118,851$109,637$101,107$80,177
9 years$122,752$112,138$102,366$93,386$85,147$65,291
10 years$109,354$98,844$89,245$80,500$72,549$53,745
11 years$98,400$87,995$78,570$70,059$62,395$44,617
12 years$89,277$78,980$69,729$61,451$54,070$37,289
13 years$81,565$71,374$62,298$54,252$47,150$31,335
14 years$74,959$64,877$55,975$48,159$41,332$26,448
15 years$69,240$59,267$50,538$42,949$36,392$22,406
16 years$64,240$54,376$45,820$38,457$32,163$19,039
17 years$59,834$50,078$41,695$34,553$28,518$16,219
18 years$55,921$46,275$38,062$31,139$25,357$13,846
19 years$52,424$42,887$34,844$28,137$22,601$11,842
20 years$49,281$39,852$31,978$25,483$20,188$10,143
21 years$46,441$37,121$29,413$23,128$18,066$8,699
22 years$43,862$34,651$27,109$21,028$16,193$7,469
23 years$41,511$32,408$25,030$19,151$14,536$6,419
24 years$39,360$30,365$23,149$17,467$13,065$5,521
25 years$37,383$28,496$21,441$15,952$11,757$4,751
26 years$35,562$26,781$19,885$14,585$10,590$4,092
27 years$33,878$25,204$18,465$13,350$9,548$3,526
28 years$32,317$23,750$17,166$12,232$8,615$3,039
29 years$30,867$22,405$15,974$11,217$7,779$2,620
30 years$29,516$21,160$14,879$10,294$7,029$2,260
31 years$28,254$20,003$13,871$9,454$6,355$1,950
32 years$27,074$18,927$12,942$8,689$5,749$1,683
33 years$25,967$17,924$12,084$7,990$5,202$1,453
34 years$24,928$16,988$11,291$7,352$4,710$1,254
35 years$23,951$16,113$10,556$6,768$4,266$1,083
36 years$23,029$15,293$9,875$6,233$3,865$935
37 years$22,160$14,525$9,243$5,743$3,503$808
38 years$21,338$13,804$8,656$5,293$3,176$698
39 years$20,561$13,126$8,109$4,881$2,880$603
40 years$19,824$12,489$7,601$4,502$2,612$521
41 years$19,125$11,888$7,127$4,153$2,370$450
42 years$18,461$11,322$6,686$3,833$2,151$389
43 years$17,829$10,787$6,273$3,538$1,952$336
44 years$17,228$10,282$5,889$3,267$1,772$290
45 years$16,655$9,805$5,529$3,017$1,608$251
46 years$16,109$9,354$5,193$2,787$1,460$217
47 years$15,588$8,926$4,879$2,575$1,326$187
48 years$15,089$8,521$4,585$2,379$1,204$162
49 years$14,613$8,138$4,310$2,199$1,094$140
50 years$14,157$7,773$4,052$2,032$993$121

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 $2,818 every year, while hoping to spend $42,873 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: 79/6/15 Blend
67$14,500,000$14,500,000$14,500,000$14,500,000
68$15,981,907$15,213,407$14,988,657$17,194,419
69$17,566,445$15,913,247$15,445,160$18,693,000
70$19,311,169$16,645,943$15,915,520$20,331,083
71$21,232,372$17,413,058$16,400,154$22,127,188
72$23,348,010$18,216,234$16,899,495$24,097,117
73$25,677,865$19,057,188$17,413,986$26,258,271
74$28,243,739$19,937,722$17,944,086$28,629,813
75$31,069,654$20,859,724$18,490,267$31,232,849
76$34,182,082$21,825,173$19,053,014$34,090,625
77$37,610,192$22,836,144$19,632,828$37,228,743
78$41,386,128$23,894,811$20,230,223$40,675,404
79$45,545,309$25,003,454$20,845,732$44,461,670
80$50,126,768$26,164,460$21,479,902$48,621,756
81$55,173,514$27,380,335$22,133,294$53,193,350
82$60,732,944$28,653,702$22,806,491$58,217,971
83$66,857,285$29,987,314$23,500,089$63,741,353
84$73,604,090$31,384,055$24,214,704$69,813,878
85$81,036,782$32,846,948$24,950,971$76,491,047
86$89,225,248$34,379,163$25,709,543$83,834,006
87$98,246,503$35,984,022$26,491,093$91,910,115
88$108,185,415$37,665,008$27,296,313$100,793,586
89$119,135,505$39,425,771$28,125,918$110,566,177
90$131,199,833$41,270,140$28,980,642$121,317,965
91$144,491,967$43,202,128$29,861,244$133,148,189
92$159,137,055$45,225,939$30,768,503$146,166,188
93$175,273,010$47,345,986$31,703,223$160,492,428
94$193,051,807$49,566,889$32,666,232$176,259,635
95$212,640,921$51,893,497$33,658,381$193,614,047
96$234,224,907$54,330,890$34,680,548$212,716,790
97$258,007,140$56,884,396$35,733,639$233,745,393
98$284,211,736$59,559,599$36,818,584$256,895,464
99$313,085,669$62,362,355$37,936,342$282,382,531
100$344,901,099$65,298,803$39,087,902$310,444,072