Can I retire at age 68 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,147,456
2 years$605,035$593,767$582,846$572,257$561,987$529,269
3 years$399,350$388,033$377,140$366,651$356,548$324,854
4 years$296,528$285,245$274,461$264,151$254,293$223,866
5 years$234,850$223,636$212,993$202,894$193,309$164,233
6 years$193,746$182,615$172,130$162,256$152,959$125,261
7 years$164,396$153,360$143,041$133,399$124,397$98,077
8 years$142,395$131,458$121,310$111,905$103,199$78,245
9 years$125,291$114,458$104,484$95,319$86,909$63,295
10 years$111,617$100,889$91,092$82,165$74,050$51,747
11 years$100,435$89,816$80,196$71,509$63,686$42,657
12 years$91,125$80,614$71,172$62,723$55,189$35,395
13 years$83,252$72,851$63,587$55,375$48,126$29,524
14 years$76,510$66,220$57,133$49,155$42,187$24,733
15 years$70,673$60,493$51,584$43,838$37,144$20,791
16 years$65,570$55,501$46,768$39,252$32,828$17,529
17 years$61,072$51,114$42,557$35,268$29,108$14,814
18 years$57,078$47,232$38,849$31,783$25,881$12,545
19 years$53,509$43,774$35,565$28,719$23,069$10,641
20 years$50,301$40,677$32,639$26,011$20,605$9,038
21 years$47,402$37,889$30,022$23,606$18,439$7,686
22 years$44,770$35,368$27,670$21,463$16,528$6,543
23 years$42,370$33,079$25,548$19,547$14,837$5,575
24 years$40,174$30,993$23,628$17,828$13,336$4,753
25 years$38,157$29,085$21,884$16,282$12,000$4,055
26 years$36,298$27,336$20,296$14,887$10,809$3,461
27 years$34,579$25,726$18,847$13,627$9,745$2,956
28 years$32,986$24,241$17,521$12,485$8,793$2,525
29 years$31,506$22,869$16,305$11,449$7,940$2,158
30 years$30,126$21,597$15,187$10,507$7,175$1,845
31 years$28,839$20,417$14,158$9,650$6,486$1,577
32 years$27,634$19,318$13,210$8,869$5,867$1,349
33 years$26,505$18,295$12,334$8,155$5,310$1,154
34 years$25,444$17,339$11,524$7,504$4,808$987
35 years$24,446$16,446$10,775$6,908$4,354$844
36 years$23,506$15,610$10,079$6,362$3,945$722
37 years$22,618$14,826$9,434$5,861$3,576$618
38 years$21,780$14,090$8,835$5,403$3,242$529
39 years$20,986$13,398$8,277$4,982$2,940$453
40 years$20,234$12,747$7,758$4,595$2,666$387
41 years$19,520$12,134$7,275$4,239$2,419$332
42 years$18,843$11,556$6,824$3,912$2,195$284
43 years$18,198$11,010$6,403$3,612$1,992$243
44 years$17,585$10,495$6,011$3,335$1,808$208
45 years$17,000$10,008$5,644$3,080$1,642$178
46 years$16,442$9,547$5,301$2,845$1,491$152
47 years$15,910$9,111$4,980$2,628$1,353$130
48 years$15,402$8,698$4,680$2,429$1,229$112
49 years$14,915$8,306$4,399$2,244$1,116$96
50 years$14,450$7,934$4,135$2,075$1,014$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $14,800,000, adding $2,410 every year, while hoping to spend $38,564 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: 76/11/13 Blend
67$14,800,000$14,800,000$14,800,000$14,800,000
68$16,312,086$15,527,686$15,298,286$17,508,622
69$17,934,887$16,247,511$15,769,747$19,017,952
70$19,721,921$17,001,314$16,255,709$20,667,014
71$21,689,899$17,790,721$16,756,618$22,473,741
72$23,857,236$18,617,434$17,272,932$24,453,813
73$26,244,223$19,483,237$17,805,124$26,624,494
74$28,873,220$20,390,001$18,353,681$29,004,791
75$31,768,864$21,339,687$18,919,105$31,615,635
76$34,958,308$22,334,351$19,501,915$34,480,071
77$38,471,469$23,376,148$20,102,642$37,623,478
78$42,341,316$24,467,336$20,721,838$41,073,801
79$46,604,178$25,610,284$21,360,068$44,861,816
80$51,300,090$26,807,474$22,017,916$49,021,419
81$56,473,167$28,061,508$22,695,984$53,589,938
82$62,172,023$29,375,115$23,394,892$58,608,487
83$68,450,227$30,751,154$24,115,279$64,122,346
84$75,366,814$32,192,623$24,857,804$70,181,393
85$82,986,834$33,702,667$25,623,145$76,840,563
86$91,381,973$35,284,579$26,412,003$84,160,368
87$100,631,226$36,941,816$27,225,097$92,207,466
88$110,821,644$38,677,998$28,063,171$101,055,280
89$122,049,156$40,496,923$28,926,991$110,784,693
90$134,419,469$42,402,573$29,817,345$121,484,804
91$148,049,076$44,399,120$30,735,047$133,253,768
92$163,066,346$46,490,941$31,680,935$146,199,715
93$179,612,739$48,682,623$32,655,872$160,441,767
94$197,844,144$50,978,977$33,660,750$176,111,157
95$217,932,346$53,385,045$34,696,484$193,352,465
96$240,066,649$55,906,117$35,764,020$212,324,974
97$264,455,665$58,547,734$36,864,333$233,204,172
98$291,329,281$61,315,711$37,998,426$256,183,400
99$320,940,829$64,216,142$39,167,333$281,475,669
100$353,569,476$67,255,416$40,372,123$309,315,672