Can I retire at age 68 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,170,875
2 years$609,123$597,778$586,784$576,124$565,784$548,419
3 years$402,048$390,655$379,688$369,128$358,957$342,039
4 years$298,531$287,173$276,316$265,936$256,011$239,670
5 years$236,437$225,147$214,432$204,264$194,615$178,899
6 years$195,055$183,849$173,293$163,352$153,993$138,919
7 years$165,507$154,396$144,007$134,301$125,237$110,812
8 years$143,357$132,346$122,130$112,661$103,896$90,118
9 years$126,138$115,231$105,190$95,963$87,496$74,357
10 years$112,371$101,571$91,707$82,721$74,551$62,041
11 years$101,114$90,422$80,738$71,992$64,116$52,224
12 years$91,740$81,158$71,653$63,146$55,562$44,272
13 years$83,815$73,343$64,017$55,749$48,451$37,749
14 years$77,027$66,667$57,519$49,488$42,472$32,340
15 years$71,150$60,902$51,932$44,134$37,395$27,817
16 years$66,013$55,876$47,084$39,517$33,050$24,006
17 years$61,484$51,460$42,845$35,506$29,305$20,775
18 years$57,464$47,551$39,112$31,998$26,056$18,022
19 years$53,870$44,070$35,805$28,913$23,225$15,666
20 years$50,640$40,952$32,860$26,186$20,745$13,642
21 years$47,722$38,145$30,225$23,766$18,564$11,897
22 years$45,072$35,607$27,857$21,609$16,640$10,389
23 years$42,657$33,303$25,721$19,679$14,937$9,082
24 years$40,446$31,202$23,787$17,949$13,426$7,948
25 years$38,415$29,282$22,032$16,392$12,081$6,961
26 years$36,543$27,520$20,434$14,988$10,882$6,101
27 years$34,813$25,900$18,974$13,719$9,811$5,351
28 years$33,209$24,405$17,639$12,569$8,853$4,695
29 years$31,718$23,023$16,415$11,526$7,994$4,122
30 years$30,330$21,743$15,290$10,578$7,223$3,621
31 years$29,034$20,555$14,254$9,715$6,530$3,181
32 years$27,821$19,449$13,299$8,929$5,907$2,796
33 years$26,684$18,418$12,418$8,211$5,346$2,459
34 years$25,616$17,456$11,602$7,554$4,840$2,162
35 years$24,611$16,557$10,847$6,954$4,384$1,902
36 years$23,665$15,715$10,147$6,405$3,972$1,673
37 years$22,771$14,926$9,498$5,901$3,600$1,472
38 years$21,927$14,185$8,894$5,439$3,264$1,296
39 years$21,128$13,488$8,333$5,015$2,960$1,141
40 years$20,371$12,833$7,811$4,626$2,685$1,004
41 years$19,652$12,216$7,324$4,268$2,435$884
42 years$18,970$11,634$6,870$3,939$2,210$778
43 years$18,321$11,085$6,447$3,636$2,006$685
44 years$17,703$10,566$6,051$3,357$1,821$604
45 years$17,115$10,076$5,682$3,100$1,653$531
46 years$16,553$9,612$5,337$2,864$1,501$468
47 years$16,018$9,173$5,014$2,646$1,363$412
48 years$15,506$8,757$4,711$2,445$1,237$363
49 years$15,016$8,362$4,428$2,260$1,124$320
50 years$14,548$7,988$4,163$2,089$1,021$282

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $14,900,000, adding $6,476 every year, while hoping to spend $22,557 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: 64/21/15 Blend
67$14,900,000$14,900,000$14,900,000$14,900,000
68$16,426,480$15,636,780$15,405,830$17,417,644
69$18,077,980$16,378,982$15,897,925$18,824,674
70$19,897,178$17,156,795$16,405,749$20,357,849
71$21,901,154$17,971,942$16,929,805$22,032,086
72$24,108,731$18,826,226$17,470,613$23,861,140
73$26,540,651$19,721,541$18,028,708$25,860,139
74$29,219,771$20,659,870$18,604,643$28,045,727
75$32,171,279$21,643,295$19,198,990$30,436,214
76$35,422,929$22,673,996$19,812,336$33,051,749
77$39,005,309$23,754,263$20,445,290$35,914,501
78$42,952,122$24,886,494$21,098,479$39,048,867
79$47,300,511$26,073,205$21,772,551$42,481,698
80$52,091,405$27,317,034$22,468,173$46,242,545
81$57,369,907$28,620,746$23,186,035$50,363,934
82$63,185,719$29,987,244$23,926,849$54,881,668
83$69,593,612$31,419,569$24,691,348$59,835,162
84$76,653,943$32,920,911$25,480,291$65,267,803
85$84,433,224$34,494,615$26,294,460$71,227,359
86$93,004,750$36,144,188$27,134,662$77,766,422
87$102,449,291$37,873,310$28,001,729$84,942,896
88$112,855,854$39,685,837$28,896,522$92,820,540
89$124,322,523$41,585,815$29,819,928$101,469,560
90$136,957,387$43,577,487$30,772,862$110,967,264
91$150,879,557$45,665,300$31,756,269$121,398,786
92$166,220,293$47,853,921$32,771,125$132,857,880
93$183,124,241$50,148,241$33,818,436$145,447,795
94$201,750,800$52,553,391$34,899,240$159,282,245
95$222,275,626$55,074,752$36,014,609$174,486,468
96$244,892,292$57,717,966$37,165,650$191,198,400
97$269,814,110$60,488,952$38,353,505$209,569,969
98$297,276,153$63,393,913$39,579,350$229,768,514
99$327,537,466$66,439,360$40,844,404$251,978,359
100$360,883,515$69,632,117$42,149,919$276,402,535