Can I retire at age 68 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,127,408
2 years$596,859$585,743$574,970$564,524$554,393$517,635
3 years$393,953$382,789$372,043$361,696$351,729$316,183
4 years$292,520$281,391$270,752$260,582$250,856$216,794
5 years$231,677$220,614$210,115$200,152$190,697$158,210
6 years$191,127$180,148$169,804$160,063$150,892$120,008
7 years$162,175$151,288$141,108$131,597$122,716$93,431
8 years$140,471$129,682$119,671$110,393$101,804$74,101
9 years$123,598$112,911$103,072$94,030$85,734$59,579
10 years$110,108$99,526$89,861$81,055$73,050$48,405
11 years$99,078$88,602$79,112$70,542$62,825$39,646
12 years$89,893$79,524$70,210$61,875$54,443$32,680
13 years$82,127$71,867$62,728$54,626$47,475$27,076
14 years$75,476$65,325$56,361$48,491$41,617$22,525
15 years$69,718$59,675$50,887$43,246$36,643$18,803
16 years$64,684$54,751$46,136$38,722$32,385$15,739
17 years$60,246$50,424$41,982$34,791$28,715$13,204
18 years$56,307$46,594$38,324$31,354$25,532$11,098
19 years$52,786$43,183$35,084$28,331$22,757$9,343
20 years$49,621$40,127$32,198$25,659$20,327$7,876
21 years$46,761$37,377$29,616$23,287$18,190$6,647
22 years$44,165$34,890$27,296$21,173$16,305$5,614
23 years$41,798$32,632$25,203$19,283$14,636$4,746
24 years$39,631$30,574$23,309$17,587$13,155$4,014
25 years$37,641$28,692$21,588$16,062$11,838$3,398
26 years$35,807$26,966$20,022$14,686$10,663$2,877
27 years$34,112$25,378$18,592$13,442$9,614$2,437
28 years$32,540$23,914$17,284$12,316$8,675$2,065
29 years$31,080$22,560$16,084$11,294$7,833$1,750
30 years$29,719$21,305$14,982$10,365$7,078$1,484
31 years$28,449$20,141$13,967$9,520$6,399$1,258
32 years$27,261$19,057$13,032$8,749$5,788$1,067
33 years$26,146$18,047$12,168$8,045$5,238$905
34 years$25,100$17,105$11,369$7,402$4,743$768
35 years$24,116$16,224$10,629$6,814$4,296$651
36 years$23,188$15,399$9,943$6,276$3,892$553
37 years$22,313$14,625$9,307$5,782$3,528$469
38 years$21,485$13,899$8,715$5,330$3,198$398
39 years$20,702$13,217$8,165$4,914$2,900$338
40 years$19,961$12,575$7,653$4,533$2,630$287
41 years$19,257$11,970$7,176$4,182$2,386$243
42 years$18,588$11,400$6,732$3,859$2,165$206
43 years$17,952$10,862$6,317$3,563$1,965$175
44 years$17,347$10,353$5,929$3,290$1,784$149
45 years$16,770$9,873$5,567$3,038$1,619$126
46 years$16,220$9,418$5,229$2,806$1,470$107
47 years$15,695$8,988$4,913$2,593$1,335$91
48 years$15,193$8,580$4,617$2,396$1,213$77
49 years$14,714$8,194$4,339$2,214$1,101$66
50 years$14,255$7,827$4,080$2,046$1,000$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $14,600,000, adding $2,627 every year, while hoping to spend $46,173 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: 35/50/15 Blend
67$14,600,000$14,600,000$14,600,000$14,600,000
68$16,091,910$15,318,110$15,091,810$16,580,429
69$17,684,157$16,019,569$15,548,258$17,636,616
70$19,437,266$16,753,853$16,018,449$18,770,915
71$21,367,595$17,522,520$16,502,796$19,993,799
72$23,493,172$18,327,206$17,001,721$21,313,144
73$25,833,859$19,169,622$17,515,662$22,737,579
74$28,411,544$20,051,566$18,045,069$24,276,557
75$31,250,346$20,974,917$18,590,403$25,940,439
76$34,376,842$21,941,648$19,152,142$27,740,584
77$37,820,317$22,953,827$19,730,776$29,689,449
78$41,613,044$24,013,619$20,326,812$31,800,694
79$45,790,583$25,123,294$20,940,769$34,089,308
80$50,392,121$26,285,234$21,573,183$36,571,736
81$55,460,839$27,501,932$22,224,606$39,266,028
82$61,044,321$28,776,004$22,895,607$42,191,996
83$67,195,003$30,110,188$23,586,770$45,371,392
84$73,970,664$31,507,359$24,298,698$48,828,103
85$81,434,979$32,970,527$25,032,012$52,588,364
86$89,658,113$34,502,848$25,787,350$56,680,991
87$98,717,384$36,107,631$26,565,370$61,137,644
88$108,697,996$37,788,344$27,366,749$65,993,110
89$119,693,841$39,548,623$28,192,184$71,285,619
90$131,808,385$41,392,277$29,042,394$77,057,187
91$145,155,644$43,323,302$29,918,118$83,354,000
92$159,861,262$45,345,886$30,820,117$90,226,834
93$176,063,694$47,464,418$31,749,175$97,731,515
94$193,915,517$49,683,501$32,706,099$105,929,432
95$213,584,866$52,007,959$33,691,719$114,888,093
96$235,257,022$54,442,849$34,706,892$124,681,747
97$259,136,163$56,993,473$35,752,497$135,392,062
98$285,447,289$59,665,390$36,829,443$147,108,878
99$314,438,345$62,464,427$37,938,662$159,931,028
100$346,382,566$65,396,693$39,081,116$173,967,252