Can I retire at age 68 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$959,448
2 years$502,833$493,468$484,392$475,592$467,057$445,633
3 years$331,892$322,487$313,434$304,717$296,320$275,513
4 years$246,438$237,062$228,100$219,531$211,338$191,307
5 years$195,180$185,859$177,015$168,621$160,656$141,458
6 years$161,018$151,768$143,054$134,848$127,121$108,778
7 years$136,627$127,455$118,879$110,866$103,384$85,897
8 years$118,342$109,252$100,818$93,002$85,767$69,131
9 years$104,127$95,124$86,835$79,217$72,228$56,431
10 years$92,762$83,847$75,705$68,286$61,542$46,567
11 years$83,470$74,644$66,649$59,429$52,928$38,756
12 years$75,732$66,996$59,149$52,128$45,866$32,476
13 years$69,189$60,545$52,846$46,021$39,996$27,363
14 years$63,586$55,034$47,482$40,852$35,061$23,159
15 years$58,735$50,274$42,870$36,433$30,870$19,674
16 years$54,494$46,126$38,868$32,622$27,283$16,765
17 years$50,755$42,480$35,369$29,310$24,191$14,323
18 years$47,436$39,254$32,287$26,415$21,510$12,264
19 years$44,470$36,380$29,557$23,868$19,172$10,520
20 years$41,804$33,806$27,126$21,617$17,125$9,038
21 years$39,395$31,489$24,951$19,619$15,325$7,775
22 years$37,207$29,394$22,996$17,838$13,736$6,696
23 years$35,213$27,491$21,233$16,245$12,331$5,773
24 years$33,388$25,758$19,637$14,817$11,083$4,981
25 years$31,711$24,172$18,187$13,531$9,973$4,301
26 years$30,166$22,718$16,868$12,372$8,983$3,715
27 years$28,738$21,380$15,663$11,325$8,099$3,212
28 years$27,414$20,147$14,561$10,376$7,308$2,777
29 years$26,184$19,006$13,550$9,515$6,599$2,403
30 years$25,037$17,949$12,622$8,732$5,963$2,079
31 years$23,967$16,968$11,767$8,020$5,391$1,800
32 years$22,966$16,055$10,979$7,371$4,876$1,559
33 years$22,027$15,204$10,251$6,778$4,413$1,350
34 years$21,146$14,410$9,578$6,236$3,996$1,169
35 years$20,317$13,668$8,955$5,741$3,619$1,013
36 years$19,535$12,973$8,377$5,287$3,279$878
37 years$18,798$12,321$7,841$4,871$2,972$761
38 years$18,101$11,710$7,342$4,490$2,694$659
39 years$17,441$11,135$6,879$4,140$2,443$572
40 years$16,816$10,594$6,448$3,819$2,216$495
41 years$16,223$10,084$6,046$3,523$2,010$430
42 years$15,660$9,604$5,671$3,251$1,824$372
43 years$15,124$9,151$5,322$3,001$1,656$323
44 years$14,614$8,722$4,995$2,771$1,503$280
45 years$14,128$8,318$4,690$2,559$1,364$243
46 years$13,665$7,935$4,405$2,364$1,239$210
47 years$13,223$7,572$4,139$2,184$1,125$183
48 years$12,800$7,229$3,889$2,018$1,022$158
49 years$12,396$6,903$3,656$1,865$928$137
50 years$12,009$6,594$3,437$1,724$843$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $12,300,000, adding $4,744 every year, while hoping to spend $50,129 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: 48/31/21 Blend
67$12,300,000$12,300,000$12,300,000$12,300,000
68$13,559,493$12,907,593$12,716,943$14,129,523
69$14,889,225$13,486,729$13,089,624$15,106,257
70$16,352,909$14,092,561$13,473,110$16,160,847
71$17,964,156$14,726,347$13,867,709$17,304,998
72$19,737,962$15,389,400$14,273,739$18,547,139
73$21,690,852$16,083,099$14,691,528$19,896,530
74$23,841,036$16,808,888$15,121,411$21,363,345
75$26,208,576$17,568,277$15,563,732$22,958,764
76$28,815,581$18,362,854$16,018,848$24,695,074
77$31,686,414$19,194,277$16,487,123$26,585,781
78$34,847,918$20,064,287$16,968,931$28,645,731
79$38,329,675$20,974,706$17,464,660$30,891,249
80$42,164,279$21,927,444$17,974,704$33,340,283
81$46,387,651$22,924,503$18,499,471$36,012,572
82$51,039,368$23,967,981$19,039,380$38,929,826
83$56,163,046$25,060,075$19,594,862$42,115,923
84$61,806,746$26,203,088$20,166,359$45,597,130
85$68,023,428$27,399,433$20,754,326$49,402,345
86$74,871,452$28,651,639$21,359,230$53,563,363
87$82,415,127$29,962,357$21,981,552$58,115,166
88$90,725,322$31,334,364$22,621,785$63,096,251
89$99,880,127$32,770,570$23,280,438$68,548,984
90$109,965,599$34,274,027$23,958,031$74,519,988
91$121,076,566$35,847,931$24,655,101$81,060,580
92$133,317,528$37,495,631$25,372,199$88,227,247
93$146,803,639$39,220,641$26,109,891$96,082,166
94$161,661,797$41,026,639$26,868,759$104,693,782
95$178,031,839$42,917,483$27,649,402$114,137,449
96$196,067,862$44,897,215$28,452,432$124,496,127
97$215,939,678$46,970,072$29,278,483$135,861,153
98$237,834,415$49,140,496$30,128,202$148,333,098
99$261,958,286$51,413,141$31,002,257$162,022,696
100$288,538,531$53,792,885$31,901,333$177,051,886