Can I retire at age 68 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,162,863
2 years$600,947$589,755$578,908$568,391$558,190$548,779
3 years$396,652$385,411$374,592$364,174$354,139$344,944
4 years$294,524$283,318$272,607$262,367$252,575$243,668
5 years$233,263$222,125$211,554$201,523$192,003$183,410
6 years$192,436$181,382$170,967$161,159$151,926$143,657
7 years$163,286$152,324$142,074$132,498$123,556$115,616
8 years$141,433$130,570$120,490$111,149$102,502$94,890
9 years$124,445$113,684$103,778$94,674$86,321$79,035
10 years$110,862$100,207$90,476$81,610$73,550$66,586
11 years$99,757$89,209$79,654$71,025$63,256$56,608
12 years$90,509$80,069$70,691$62,299$54,816$48,479
13 years$82,690$72,359$63,158$55,001$47,801$41,768
14 years$75,993$65,772$56,747$48,823$41,902$36,165
15 years$70,195$60,084$51,235$43,542$36,894$31,445
16 years$65,127$55,126$46,452$38,987$32,607$27,438
17 years$60,659$50,769$42,270$35,029$28,911$24,014
18 years$56,692$46,913$38,587$31,569$25,707$21,071
19 years$53,147$43,478$35,324$28,525$22,913$18,530
20 years$49,961$40,402$32,419$25,835$20,466$16,327
21 years$47,081$37,633$29,819$23,447$18,315$14,410
22 years$44,467$35,129$27,483$21,318$16,417$12,737
23 years$42,084$32,856$25,376$19,415$14,737$11,272
24 years$39,903$30,784$23,468$17,708$13,246$9,987
25 years$37,899$28,889$21,736$16,172$11,919$8,857
26 years$36,052$27,151$20,159$14,787$10,736$7,861
27 years$34,345$25,552$18,720$13,535$9,680$6,983
28 years$32,763$24,078$17,402$12,401$8,734$6,207
29 years$31,293$22,714$16,194$11,372$7,887$5,521
30 years$29,923$21,451$15,084$10,436$7,126$4,913
31 years$28,644$20,279$14,063$9,585$6,443$4,374
32 years$27,447$19,188$13,121$8,809$5,828$3,896
33 years$26,326$18,171$12,251$8,100$5,274$3,471
34 years$25,272$17,222$11,447$7,453$4,775$3,094
35 years$24,281$16,335$10,702$6,861$4,325$2,758
36 years$23,347$15,504$10,011$6,319$3,919$2,459
37 years$22,466$14,725$9,370$5,822$3,552$2,194
38 years$21,633$13,994$8,775$5,366$3,220$1,957
39 years$20,844$13,307$8,221$4,948$2,920$1,746
40 years$20,097$12,661$7,706$4,564$2,648$1,559
41 years$19,388$12,052$7,225$4,211$2,403$1,391
42 years$18,715$11,478$6,778$3,886$2,180$1,242
43 years$18,075$10,936$6,360$3,587$1,979$1,109
44 years$17,466$10,424$5,970$3,312$1,796$990
45 years$16,885$9,941$5,606$3,059$1,631$884
46 years$16,331$9,483$5,265$2,825$1,480$790
47 years$15,803$9,050$4,946$2,610$1,344$705
48 years$15,298$8,639$4,648$2,412$1,221$630
49 years$14,815$8,250$4,369$2,229$1,109$563
50 years$14,352$7,881$4,107$2,060$1,007$503

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $14,700,000, adding $6,308 every year, while hoping to spend $24,288 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: 58/24/18 Blend
67$14,700,000$14,700,000$14,700,000$14,700,000
68$16,205,907$15,426,807$15,198,957$17,068,981
69$17,833,067$16,156,878$15,682,280$18,385,202
70$19,625,383$16,921,909$16,180,980$19,816,219
71$21,599,677$17,723,586$16,695,546$21,375,728
72$23,774,482$18,563,680$17,226,485$23,076,115
73$26,170,223$19,444,045$17,774,317$24,931,000
74$28,809,409$20,366,626$18,339,580$26,955,358
75$31,716,841$21,333,463$18,922,828$29,165,658
76$34,919,851$22,346,695$19,524,635$31,580,014
77$38,448,556$23,408,563$20,145,590$34,218,352
78$42,336,146$24,521,420$20,786,305$37,102,589
79$46,619,194$25,687,731$21,447,407$40,256,840
80$51,338,003$26,910,080$22,129,546$43,707,636
81$56,536,985$28,191,180$22,833,392$47,484,172
82$62,265,083$29,533,873$23,559,636$51,618,573
83$68,576,228$30,941,140$24,308,990$56,146,194
84$75,529,853$32,416,106$25,082,192$61,105,946
85$83,191,452$33,962,049$25,879,999$66,540,656
86$91,633,197$35,582,406$26,703,196$72,497,465
87$100,934,621$37,280,782$27,552,590$79,028,265
88$111,183,367$39,060,955$28,429,017$86,190,182
89$122,476,018$40,926,889$29,333,337$94,046,104
90$134,919,006$42,882,741$30,266,438$102,665,270
91$148,629,617$44,932,868$31,229,236$112,123,914
92$163,737,101$47,081,841$32,222,677$122,505,972
93$180,383,886$49,334,452$33,247,738$133,903,869
94$198,726,929$51,695,727$34,305,425$146,419,376
95$218,939,196$54,170,938$35,396,776$160,164,568
96$241,211,290$56,765,610$36,522,865$175,262,861
97$265,753,258$59,485,541$37,684,797$191,850,174
98$292,796,566$62,336,808$38,883,713$210,076,193
99$322,596,291$65,325,787$40,120,793$230,105,779
100$355,433,524$68,459,161$41,397,250$252,120,501