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%13.5%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,139,442
2 years$592,771$581,731$571,031$560,658$550,595$533,696
3 years$391,255$380,167$369,495$359,219$349,320$332,856
4 years$290,517$279,463$268,898$258,797$249,138$233,236
5 years$230,090$219,103$208,676$198,781$189,391$174,097
6 years$189,818$178,914$168,641$158,967$149,859$135,190
7 years$161,064$150,252$140,141$130,695$121,875$107,838
8 years$139,508$128,793$118,851$109,637$101,107$87,698
9 years$122,752$112,138$102,366$93,386$85,147$72,360
10 years$109,354$98,844$89,245$80,500$72,549$60,376
11 years$98,400$87,995$78,570$70,059$62,395$50,822
12 years$89,277$78,980$69,729$61,451$54,070$43,084
13 years$81,565$71,374$62,298$54,252$47,150$36,735
14 years$74,959$64,877$55,975$48,159$41,332$31,472
15 years$69,240$59,267$50,538$42,949$36,392$27,070
16 years$64,240$54,376$45,820$38,457$32,163$23,361
17 years$59,834$50,078$41,695$34,553$28,518$20,217
18 years$55,921$46,275$38,062$31,139$25,357$17,538
19 years$52,424$42,887$34,844$28,137$22,601$15,246
20 years$49,281$39,852$31,978$25,483$20,188$13,276
21 years$46,441$37,121$29,413$23,128$18,066$11,578
22 years$43,862$34,651$27,109$21,028$16,193$10,110
23 years$41,511$32,408$25,030$19,151$14,536$8,839
24 years$39,360$30,365$23,149$17,467$13,065$7,734
25 years$37,383$28,496$21,441$15,952$11,757$6,774
26 years$35,562$26,781$19,885$14,585$10,590$5,937
27 years$33,878$25,204$18,465$13,350$9,548$5,207
28 years$32,317$23,750$17,166$12,232$8,615$4,569
29 years$30,867$22,405$15,974$11,217$7,779$4,012
30 years$29,516$21,160$14,879$10,294$7,029$3,524
31 years$28,254$20,003$13,871$9,454$6,355$3,096
32 years$27,074$18,927$12,942$8,689$5,749$2,721
33 years$25,967$17,924$12,084$7,990$5,202$2,393
34 years$24,928$16,988$11,291$7,352$4,710$2,104
35 years$23,951$16,113$10,556$6,768$4,266$1,851
36 years$23,029$15,293$9,875$6,233$3,865$1,628
37 years$22,160$14,525$9,243$5,743$3,503$1,433
38 years$21,338$13,804$8,656$5,293$3,176$1,261
39 years$20,561$13,126$8,109$4,881$2,880$1,110
40 years$19,824$12,489$7,601$4,502$2,612$977
41 years$19,125$11,888$7,127$4,153$2,370$860
42 years$18,461$11,322$6,686$3,833$2,151$757
43 years$17,829$10,787$6,273$3,538$1,952$667
44 years$17,228$10,282$5,889$3,267$1,772$587
45 years$16,655$9,805$5,529$3,017$1,608$517
46 years$16,109$9,354$5,193$2,787$1,460$456
47 years$15,588$8,926$4,879$2,575$1,326$401
48 years$15,089$8,521$4,585$2,379$1,204$353
49 years$14,613$8,138$4,310$2,199$1,094$311
50 years$14,157$7,773$4,052$2,032$993$274

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 $6,357 every year, while hoping to spend $43,993 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: 46/33/21 Blend
67$14,500,000$14,500,000$14,500,000$14,500,000
68$15,985,557$15,217,057$14,992,307$16,624,483
69$17,569,276$15,915,885$15,447,741$17,771,802
70$19,313,059$16,647,481$15,916,958$19,010,957
71$21,233,188$17,413,403$16,400,373$20,354,473
72$23,347,601$18,215,288$16,898,413$21,812,101
73$25,676,065$19,054,846$17,411,519$23,394,552
74$28,240,364$19,933,874$17,940,145$25,113,587
75$31,064,500$20,854,252$18,484,758$26,982,126
76$34,174,921$21,817,953$19,045,840$29,014,364
77$37,600,773$22,827,043$19,623,886$31,225,898
78$41,374,173$23,883,689$20,219,407$33,633,871
79$45,530,510$24,990,161$20,832,929$36,257,121
80$50,108,783$26,148,840$21,464,993$39,116,360
81$55,151,966$27,362,220$22,116,157$42,234,357
82$60,707,414$28,632,917$22,786,996$45,636,147
83$66,827,312$29,963,671$23,478,101$49,349,262
84$73,569,162$31,357,356$24,190,083$53,403,977
85$80,996,334$32,816,983$24,923,568$57,833,595
86$89,178,655$34,345,711$25,679,202$62,674,746
87$98,193,075$35,946,848$26,457,653$67,967,727
88$108,124,389$37,623,864$27,259,605$73,756,874
89$119,066,040$39,380,395$28,085,764$80,090,965
90$131,120,996$41,220,255$28,936,858$87,023,678
91$144,402,731$43,147,441$29,813,635$94,614,078
92$159,036,285$45,166,141$30,716,867$102,927,170
93$175,159,452$47,280,748$31,647,349$112,034,498
94$192,924,079$49,495,868$32,605,898$122,014,807
95$212,497,497$51,816,327$33,593,357$132,954,775
96$234,064,100$54,247,185$34,610,593$144,949,815
97$257,827,091$56,793,750$35,658,500$158,104,966
98$284,010,392$59,461,582$36,737,998$172,535,864
99$312,860,767$62,256,514$37,850,036$188,369,822
100$344,650,140$65,184,658$38,995,587$205,747,015