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%19.1%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,136,943
2 years$605,035$593,767$582,846$572,257$561,987$518,915
3 years$399,350$388,033$377,140$366,651$356,548$314,988
4 years$296,528$285,245$274,461$264,151$254,293$214,562
5 years$234,850$223,636$212,993$202,894$193,309$155,512
6 years$193,746$182,615$172,130$162,256$152,959$117,122
7 years$164,396$153,360$143,041$133,399$124,397$90,510
8 years$142,395$131,458$121,310$111,905$103,199$71,234
9 years$125,291$114,458$104,484$95,319$86,909$56,821
10 years$111,617$100,889$91,092$82,165$74,050$45,787
11 years$100,435$89,816$80,196$71,509$63,686$37,187
12 years$91,125$80,614$71,172$62,723$55,189$30,389
13 years$83,252$72,851$63,587$55,375$48,126$24,955
14 years$76,510$66,220$57,133$49,155$42,187$20,574
15 years$70,673$60,493$51,584$43,838$37,144$17,016
16 years$65,570$55,501$46,768$39,252$32,828$14,110
17 years$61,072$51,114$42,557$35,268$29,108$11,725
18 years$57,078$47,232$38,849$31,783$25,881$9,760
19 years$53,509$43,774$35,565$28,719$23,069$8,136
20 years$50,301$40,677$32,639$26,011$20,605$6,791
21 years$47,402$37,889$30,022$23,606$18,439$5,673
22 years$44,770$35,368$27,670$21,463$16,528$4,743
23 years$42,370$33,079$25,548$19,547$14,837$3,969
24 years$40,174$30,993$23,628$17,828$13,336$3,323
25 years$38,157$29,085$21,884$16,282$12,000$2,783
26 years$36,298$27,336$20,296$14,887$10,809$2,332
27 years$34,579$25,726$18,847$13,627$9,745$1,955
28 years$32,986$24,241$17,521$12,485$8,793$1,639
29 years$31,506$22,869$16,305$11,449$7,940$1,374
30 years$30,126$21,597$15,187$10,507$7,175$1,153
31 years$28,839$20,417$14,158$9,650$6,486$967
32 years$27,634$19,318$13,210$8,869$5,867$811
33 years$26,505$18,295$12,334$8,155$5,310$681
34 years$25,444$17,339$11,524$7,504$4,808$571
35 years$24,446$16,446$10,775$6,908$4,354$480
36 years$23,506$15,610$10,079$6,362$3,945$402
37 years$22,618$14,826$9,434$5,861$3,576$338
38 years$21,780$14,090$8,835$5,403$3,242$284
39 years$20,986$13,398$8,277$4,982$2,940$238
40 years$20,234$12,747$7,758$4,595$2,666$200
41 years$19,520$12,134$7,275$4,239$2,419$168
42 years$18,843$11,556$6,824$3,912$2,195$141
43 years$18,198$11,010$6,403$3,612$1,992$118
44 years$17,585$10,495$6,011$3,335$1,808$99
45 years$17,000$10,008$5,644$3,080$1,642$83
46 years$16,442$9,547$5,301$2,845$1,491$70
47 years$15,910$9,111$4,980$2,628$1,353$59
48 years$15,402$8,698$4,680$2,429$1,229$49
49 years$14,915$8,306$4,399$2,244$1,116$41
50 years$14,450$7,934$4,135$2,075$1,014$35

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 $3,528 every year, while hoping to spend $48,429 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: 40/48/12 Blend
67$14,800,000$14,800,000$14,800,000$14,800,000
68$16,313,239$15,528,839$15,299,439$16,907,145
69$17,925,661$16,238,224$15,760,442$18,036,034
70$19,700,928$16,980,746$16,235,266$19,251,444
71$21,655,597$17,757,977$16,724,322$20,565,181
72$23,807,915$18,571,565$17,228,034$21,986,169
73$26,177,989$19,423,238$17,746,839$23,524,196
74$28,787,972$20,314,805$18,281,187$25,189,994
75$31,662,279$21,248,164$18,831,540$26,995,337
76$34,827,809$22,225,302$19,398,375$28,953,144
77$38,314,207$23,248,304$19,982,182$31,077,591
78$42,154,137$24,319,352$20,583,466$33,384,240
79$46,383,595$25,440,735$21,202,748$35,890,174
80$51,042,243$26,614,853$21,840,562$38,614,151
81$56,173,791$27,844,220$22,497,460$41,576,773
82$61,826,402$29,131,471$23,174,009$44,800,667
83$68,053,150$30,479,368$23,870,793$48,310,692
84$74,912,521$31,890,806$24,588,414$52,134,160
85$82,468,962$33,368,821$25,327,490$56,301,087
86$90,793,495$34,916,592$26,088,660$60,844,457
87$99,964,380$36,537,453$26,872,578$65,800,529
88$110,067,859$38,234,900$27,679,922$71,209,161
89$121,198,967$40,012,597$28,511,385$77,114,177
90$133,462,430$41,874,382$29,367,685$83,563,762
91$146,973,652$43,824,281$30,249,557$90,610,905
92$161,859,808$45,866,515$31,157,760$98,313,883
93$178,261,040$48,005,505$32,093,076$106,736,794
94$196,331,780$50,245,889$33,056,309$115,950,148
95$216,242,211$52,592,527$34,048,285$126,031,511
96$238,179,871$55,050,515$35,069,857$137,066,222
97$262,351,423$57,625,195$36,121,902$149,148,175
98$288,984,604$60,322,166$37,205,322$162,380,691
99$318,330,380$63,147,299$38,321,047$176,877,465
100$350,665,310$66,106,747$39,470,033$192,763,622