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

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,141,025
2 years$605,035$593,767$582,846$572,257$561,987$522,926
3 years$399,350$388,033$377,140$366,651$356,548$318,800
4 years$296,528$285,245$274,461$264,151$254,293$218,147
5 years$234,850$223,636$212,993$202,894$193,309$158,862
6 years$193,746$182,615$172,130$162,256$152,959$120,238
7 years$164,396$153,360$143,041$133,399$124,397$93,398
8 years$142,395$131,458$121,310$111,905$103,199$73,899
9 years$125,291$114,458$104,484$95,319$86,909$59,273
10 years$111,617$100,889$91,092$82,165$74,050$48,035
11 years$100,435$89,816$80,196$71,509$63,686$39,241
12 years$91,125$80,614$71,172$62,723$55,189$32,260
13 years$83,252$72,851$63,587$55,375$48,126$26,655
14 years$76,510$66,220$57,133$49,155$42,187$22,114
15 years$70,673$60,493$51,584$43,838$37,144$18,407
16 years$65,570$55,501$46,768$39,252$32,828$15,363
17 years$61,072$51,114$42,557$35,268$29,108$12,851
18 years$57,078$47,232$38,849$31,783$25,881$10,770
19 years$53,509$43,774$35,565$28,719$23,069$9,039
20 years$50,301$40,677$32,639$26,011$20,605$7,597
21 years$47,402$37,889$30,022$23,606$18,439$6,391
22 years$44,770$35,368$27,670$21,463$16,528$5,381
23 years$42,370$33,079$25,548$19,547$14,837$4,535
24 years$40,174$30,993$23,628$17,828$13,336$3,824
25 years$38,157$29,085$21,884$16,282$12,000$3,226
26 years$36,298$27,336$20,296$14,887$10,809$2,723
27 years$34,579$25,726$18,847$13,627$9,745$2,299
28 years$32,986$24,241$17,521$12,485$8,793$1,941
29 years$31,506$22,869$16,305$11,449$7,940$1,640
30 years$30,126$21,597$15,187$10,507$7,175$1,386
31 years$28,839$20,417$14,158$9,650$6,486$1,171
32 years$27,634$19,318$13,210$8,869$5,867$990
33 years$26,505$18,295$12,334$8,155$5,310$837
34 years$25,444$17,339$11,524$7,504$4,808$708
35 years$24,446$16,446$10,775$6,908$4,354$598
36 years$23,506$15,610$10,079$6,362$3,945$506
37 years$22,618$14,826$9,434$5,861$3,576$428
38 years$21,780$14,090$8,835$5,403$3,242$362
39 years$20,986$13,398$8,277$4,982$2,940$306
40 years$20,234$12,747$7,758$4,595$2,666$259
41 years$19,520$12,134$7,275$4,239$2,419$219
42 years$18,843$11,556$6,824$3,912$2,195$185
43 years$18,198$11,010$6,403$3,612$1,992$157
44 years$17,585$10,495$6,011$3,335$1,808$133
45 years$17,000$10,008$5,644$3,080$1,642$112
46 years$16,442$9,547$5,301$2,845$1,491$95
47 years$15,910$9,111$4,980$2,628$1,353$80
48 years$15,402$8,698$4,680$2,429$1,229$68
49 years$14,915$8,306$4,399$2,244$1,116$57
50 years$14,450$7,934$4,135$2,075$1,014$49

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 $2,443 every year, while hoping to spend $20,625 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: 56/34/10 Blend
67$14,800,000$14,800,000$14,800,000$14,800,000
68$16,312,120$15,527,720$15,298,320$17,185,539
69$17,954,011$16,266,633$15,788,869$18,514,909
70$19,762,684$17,041,062$16,295,160$19,959,664
71$21,755,129$17,852,725$16,817,699$21,532,788
72$23,950,068$18,703,424$17,357,007$23,246,533
73$26,368,131$19,595,049$17,913,623$25,114,360
74$29,032,055$20,529,580$18,488,104$27,151,064
75$31,966,891$21,509,096$19,081,022$29,372,905
76$35,200,248$22,535,776$19,692,971$31,797,759
77$38,762,549$23,611,905$20,324,561$34,445,279
78$42,687,319$24,739,878$20,976,423$37,337,074
79$47,011,501$25,922,207$21,649,209$40,496,906
80$51,775,807$27,161,529$22,343,590$43,950,908
81$57,025,100$28,460,604$23,060,261$47,727,823
82$62,808,818$29,822,332$23,799,938$51,859,267
83$69,181,441$31,249,749$24,563,359$56,380,022
84$76,203,004$32,746,043$25,351,288$61,328,352
85$83,939,665$34,314,554$26,164,511$66,746,358
86$92,464,331$35,958,788$27,003,842$72,680,364
87$101,857,342$37,682,417$27,870,120$79,181,349
88$112,207,232$39,489,296$28,764,210$86,305,411
89$123,611,564$41,383,466$29,687,005$94,114,295
90$136,177,853$43,369,166$30,639,429$102,675,954
91$150,024,577$45,450,838$31,622,433$112,065,190
92$165,282,300$47,633,145$32,637,001$122,364,338
93$182,094,899$49,920,974$33,684,145$133,664,038
94$200,620,929$52,319,452$34,764,914$146,064,073
95$221,035,113$54,833,954$35,880,388$159,674,296
96$243,529,995$57,470,119$37,031,682$174,615,658
97$268,317,758$60,233,858$38,219,947$191,021,328
98$295,632,226$63,131,373$39,446,371$209,037,938
99$325,731,070$66,169,168$40,712,182$228,826,949
100$358,898,244$69,354,062$42,018,644$250,566,157