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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.8%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,158,512
2 years$600,947$589,755$578,908$568,391$558,190$544,413
3 years$396,652$385,411$374,592$364,174$354,139$340,700
4 years$294,524$283,318$272,607$262,367$252,575$239,578
5 years$233,263$222,125$211,554$201,523$192,003$179,486
6 years$192,436$181,382$170,967$161,159$151,926$139,904
7 years$163,286$152,324$142,074$132,498$123,556$112,034
8 years$141,433$130,570$120,490$111,149$102,502$91,478
9 years$124,445$113,684$103,778$94,674$86,321$75,792
10 years$110,862$100,207$90,476$81,610$73,550$63,508
11 years$99,757$89,209$79,654$71,025$63,256$53,692
12 years$90,509$80,069$70,691$62,299$54,816$45,721
13 years$82,690$72,359$63,158$55,001$47,801$39,163
14 years$75,993$65,772$56,747$48,823$41,902$33,708
15 years$70,195$60,084$51,235$43,542$36,894$29,132
16 years$65,127$55,126$46,452$38,987$32,607$25,263
17 years$60,659$50,769$42,270$35,029$28,911$21,972
18 years$56,692$46,913$38,587$31,569$25,707$19,156
19 years$53,147$43,478$35,324$28,525$22,913$16,737
20 years$49,961$40,402$32,419$25,835$20,466$14,650
21 years$47,081$37,633$29,819$23,447$18,315$12,844
22 years$44,467$35,129$27,483$21,318$16,417$11,276
23 years$42,084$32,856$25,376$19,415$14,737$9,911
24 years$39,903$30,784$23,468$17,708$13,246$8,720
25 years$37,899$28,889$21,736$16,172$11,919$7,679
26 years$36,052$27,151$20,159$14,787$10,736$6,768
27 years$34,345$25,552$18,720$13,535$9,680$5,969
28 years$32,763$24,078$17,402$12,401$8,734$5,268
29 years$31,293$22,714$16,194$11,372$7,887$4,651
30 years$29,923$21,451$15,084$10,436$7,126$4,109
31 years$28,644$20,279$14,063$9,585$6,443$3,631
32 years$27,447$19,188$13,121$8,809$5,828$3,210
33 years$26,326$18,171$12,251$8,100$5,274$2,839
34 years$25,272$17,222$11,447$7,453$4,775$2,511
35 years$24,281$16,335$10,702$6,861$4,325$2,222
36 years$23,347$15,504$10,011$6,319$3,919$1,967
37 years$22,466$14,725$9,370$5,822$3,552$1,741
38 years$21,633$13,994$8,775$5,366$3,220$1,541
39 years$20,844$13,307$8,221$4,948$2,920$1,365
40 years$20,097$12,661$7,706$4,564$2,648$1,209
41 years$19,388$12,052$7,225$4,211$2,403$1,070
42 years$18,715$11,478$6,778$3,886$2,180$948
43 years$18,075$10,936$6,360$3,587$1,979$840
44 years$17,466$10,424$5,970$3,312$1,796$744
45 years$16,885$9,941$5,606$3,059$1,631$659
46 years$16,331$9,483$5,265$2,825$1,480$584
47 years$15,803$9,050$4,946$2,610$1,344$518
48 years$15,298$8,639$4,648$2,412$1,221$459
49 years$14,815$8,250$4,369$2,229$1,109$407
50 years$14,352$7,881$4,107$2,060$1,007$360

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 $3,352 every year, while hoping to spend $50,608 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: 78/10/12 Blend
67$14,700,000$14,700,000$14,700,000$14,700,000
68$16,202,858$15,423,758$15,195,908$17,429,571
69$17,801,703$16,125,675$15,651,124$18,939,031
70$19,561,934$16,860,291$16,119,894$20,587,404
71$21,499,958$17,629,153$16,602,618$22,393,928
72$23,633,857$18,433,884$17,099,709$24,374,368
73$25,983,552$19,276,186$17,611,591$26,546,077
74$28,570,996$20,157,840$18,138,700$28,928,168
75$31,420,378$21,080,715$18,681,487$31,541,684
76$34,558,354$22,046,767$19,240,414$34,409,800
77$38,014,296$23,058,049$19,815,958$37,558,039
78$41,820,571$24,116,710$20,408,609$41,014,507
79$46,012,843$25,225,003$21,018,872$44,810,159
80$50,630,414$26,385,289$21,647,265$48,979,090
81$55,716,591$27,600,043$22,294,324$53,558,852
82$61,319,098$28,871,860$22,960,598$58,590,805
83$67,490,522$30,203,457$23,646,654$64,120,508
84$74,288,813$31,597,684$24,353,074$70,198,143
85$81,777,828$33,057,527$25,080,459$76,878,988
86$90,027,937$34,586,116$25,829,425$84,223,935
87$99,116,684$36,186,733$26,600,607$92,300,058
88$109,129,518$37,862,815$27,394,660$101,181,252
89$120,160,604$39,617,968$28,212,257$110,948,917
90$132,313,707$41,455,970$29,054,088$121,692,727
91$145,703,173$43,380,780$29,920,868$133,511,475
92$160,455,008$45,396,551$30,813,329$146,513,997
93$176,708,070$47,507,632$31,732,226$160,820,199
94$194,615,373$49,718,586$32,678,336$176,562,182
95$214,345,538$52,034,194$33,652,458$193,885,486
96$236,084,381$54,459,468$34,655,413$212,950,460
97$260,036,668$56,999,661$35,688,049$233,933,768
98$286,428,045$59,660,282$36,751,236$257,030,054
99$315,507,174$62,447,104$37,845,870$282,453,772
100$347,548,072$65,366,179$38,972,874$310,441,210