Can I retire at age 68 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$990,949$982,122$973,510$965,105$956,897$929,245
2 years$490,569$481,432$472,578$463,993$455,665$428,026
3 years$323,797$314,621$305,789$297,285$289,093$262,333
4 years$240,428$231,280$222,536$214,177$206,183$180,507
5 years$190,419$181,326$172,697$164,508$156,737$132,215
6 years$157,091$148,067$139,565$131,559$124,021$100,676
7 years$133,294$124,346$115,979$108,162$100,862$78,693
8 years$115,455$106,588$98,360$90,734$83,675$62,670
9 years$101,588$92,804$84,717$77,285$70,466$50,604
10 years$90,500$81,802$73,858$66,621$60,041$41,294
11 years$81,434$72,823$65,024$57,980$51,637$33,974
12 years$73,885$65,362$57,707$50,856$44,748$28,135
13 years$67,502$59,068$51,557$44,898$39,021$23,421
14 years$62,035$53,692$46,324$39,856$34,205$19,579
15 years$57,302$49,048$41,825$35,544$30,117$16,424
16 years$53,165$45,001$37,920$31,826$26,618$13,817
17 years$49,518$41,444$34,506$28,595$23,601$11,652
18 years$46,279$38,296$31,499$25,770$20,985$9,845
19 years$43,385$35,493$28,836$23,286$18,704$8,332
20 years$40,784$32,981$26,464$21,090$16,707$7,061
21 years$38,434$30,721$24,342$19,140$14,951$5,991
22 years$36,300$28,677$22,435$17,403$13,401$5,088
23 years$34,354$26,821$20,715$15,849$12,030$4,325
24 years$32,574$25,129$19,158$14,455$10,813$3,679
25 years$30,938$23,583$17,744$13,201$9,730$3,131
26 years$29,430$22,164$16,457$12,071$8,764$2,666
27 years$28,037$20,859$15,281$11,049$7,902$2,271
28 years$26,745$19,655$14,206$10,123$7,130$1,935
29 years$25,545$18,542$13,220$9,283$6,438$1,650
30 years$24,427$17,511$12,314$8,519$5,817$1,407
31 years$23,383$16,554$11,480$7,824$5,259$1,200
32 years$22,406$15,663$10,711$7,191$4,757$1,024
33 years$21,490$14,834$10,001$6,613$4,305$873
34 years$20,630$14,059$9,344$6,084$3,898$745
35 years$19,821$13,335$8,736$5,601$3,531$636
36 years$19,059$12,656$8,172$5,158$3,199$543
37 years$18,339$12,021$7,649$4,753$2,899$463
38 years$17,659$11,424$7,163$4,381$2,629$395
39 years$17,016$10,863$6,711$4,039$2,384$338
40 years$16,406$10,335$6,290$3,725$2,162$288
41 years$15,827$9,838$5,898$3,437$1,961$246
42 years$15,278$9,370$5,533$3,172$1,780$210
43 years$14,755$8,927$5,192$2,928$1,615$179
44 years$14,258$8,510$4,873$2,704$1,466$153
45 years$13,784$8,115$4,576$2,497$1,331$131
46 years$13,332$7,741$4,298$2,307$1,209$112
47 years$12,900$7,387$4,038$2,131$1,097$95
48 years$12,488$7,052$3,794$1,969$997$81
49 years$12,094$6,735$3,567$1,820$905$70
50 years$11,716$6,433$3,353$1,682$822$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $12,000,000, adding $3,488 every year, while hoping to spend $29,381 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: 33/43/24 Blend
67$12,000,000$12,000,000$12,000,000$12,000,000
68$13,227,598$12,591,598$12,405,598$13,566,899
69$14,545,552$13,177,325$12,789,924$14,407,906
70$15,996,952$13,790,768$13,186,141$15,310,768
71$17,595,380$14,433,254$13,594,615$16,283,240
72$19,355,799$15,106,174$14,015,725$17,331,486
73$21,294,700$15,810,987$14,449,862$18,462,258
74$23,430,255$16,549,220$14,897,427$19,682,952
75$25,782,486$17,322,477$15,358,836$21,001,678
76$28,373,459$18,132,437$15,834,516$22,427,322
77$31,227,487$18,980,862$16,324,908$23,969,631
78$34,371,364$19,869,598$16,830,466$25,639,293
79$37,834,615$20,800,580$17,351,659$27,448,035
80$41,649,775$21,775,838$17,888,968$29,408,724
81$45,852,696$22,797,498$18,442,892$31,535,481
82$50,482,886$23,867,790$19,013,945$33,843,806
83$55,583,882$24,989,053$19,602,653$36,350,718
84$61,203,659$26,163,738$20,209,563$39,074,905
85$67,395,085$27,394,415$20,835,237$42,036,891
86$74,216,420$28,683,777$21,480,253$45,259,221
87$81,731,862$30,034,649$22,145,209$48,766,665
88$90,012,159$31,449,994$22,830,720$52,586,440
89$99,135,271$32,932,915$23,537,421$56,748,453
90$109,187,108$34,486,668$24,265,965$61,285,579
91$120,262,345$36,114,667$25,017,026$66,233,953
92$132,465,308$37,820,489$25,791,300$71,633,300
93$145,910,963$39,607,886$26,589,502$77,527,301
94$160,726,002$41,480,794$27,412,372$83,963,985
95$177,050,037$43,443,335$28,260,669$90,996,173
96$195,036,918$45,499,836$29,135,179$98,681,960
97$214,856,186$47,654,830$30,036,709$107,085,246
98$236,694,673$49,913,072$30,966,094$116,276,328
99$260,758,264$52,279,548$31,924,194$126,332,538
100$287,273,845$54,759,484$32,911,892$137,338,965