Can I retire at age 68 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,001,723
2 years$519,185$509,516$500,145$491,059$482,246$471,177
3 years$342,685$332,974$323,627$314,626$305,956$295,156
4 years$254,453$244,771$235,517$226,670$218,211$207,762
5 years$201,527$191,904$182,771$174,105$165,880$155,813
6 years$166,255$156,704$147,706$139,233$131,255$121,582
7 years$141,070$131,600$122,745$114,471$106,746$97,470
8 years$122,190$112,805$104,097$96,027$88,556$79,678
9 years$107,513$98,217$89,659$81,794$74,577$66,093
10 years$95,779$86,574$78,167$70,507$63,543$55,448
11 years$86,184$77,071$68,817$61,362$54,649$46,936
12 years$78,195$69,175$61,073$53,823$47,358$40,019
13 years$71,439$62,514$54,565$47,517$41,297$34,323
14 years$65,654$56,824$49,027$42,181$36,201$29,582
15 years$60,645$51,909$44,264$37,618$31,874$25,600
16 years$56,266$47,626$40,132$33,683$28,170$22,231
17 years$52,406$43,862$36,519$30,264$24,978$19,362
18 years$48,979$40,530$33,337$27,274$22,209$16,905
19 years$45,916$37,563$30,518$24,644$19,795$14,792
20 years$43,163$34,905$28,008$22,320$17,682$12,966
21 years$40,676$32,513$25,762$20,257$15,823$11,385
22 years$38,417$30,350$23,744$18,418$14,183$10,010
23 years$36,358$28,385$21,923$16,774$12,732$8,811
24 years$34,474$26,595$20,275$15,299$11,443$7,765
25 years$32,743$24,958$18,779$13,972$10,297$6,849
26 years$31,147$23,457$17,417$12,775$9,276$6,046
27 years$29,672$22,076$16,173$11,693$8,363$5,340
28 years$28,306$20,802$15,035$10,713$7,546$4,721
29 years$27,035$19,624$13,991$9,824$6,814$4,175
30 years$25,852$18,533$13,032$9,016$6,157$3,694
31 years$24,747$17,520$12,150$8,281$5,566$3,270
32 years$23,713$16,577$11,336$7,610$5,035$2,896
33 years$22,744$15,699$10,584$6,998$4,557$2,565
34 years$21,834$14,879$9,889$6,439$4,126$2,273
35 years$20,977$14,112$9,246$5,927$3,737$2,014
36 years$20,171$13,395$8,649$5,459$3,386$1,786
37 years$19,409$12,722$8,095$5,030$3,068$1,583
38 years$18,689$12,090$7,581$4,636$2,782$1,404
39 years$18,008$11,497$7,103$4,275$2,523$1,246
40 years$17,363$10,938$6,657$3,943$2,288$1,105
41 years$16,751$10,412$6,242$3,638$2,076$980
42 years$16,169$9,916$5,856$3,357$1,884$870
43 years$15,616$9,448$5,495$3,099$1,710$772
44 years$15,089$9,006$5,158$2,861$1,552$685
45 years$14,588$8,588$4,843$2,643$1,409$608
46 years$14,109$8,193$4,549$2,441$1,279$540
47 years$13,653$7,818$4,273$2,255$1,161$479
48 years$13,216$7,464$4,016$2,084$1,055$425
49 years$12,799$7,127$3,775$1,926$958$378
50 years$12,400$6,808$3,549$1,780$870$335

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $12,700,000, adding $6,226 every year, while hoping to spend $29,226 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: 42/41/17 Blend
67$12,700,000$12,700,000$12,700,000$12,700,000
68$14,001,822$13,328,722$13,131,872$14,519,917
69$15,398,912$13,950,733$13,540,694$15,508,469
70$16,937,525$14,602,243$13,962,231$16,574,938
71$18,632,066$15,284,667$14,396,880$17,729,178
72$20,498,409$15,999,488$14,845,047$18,979,246
73$22,554,043$16,748,259$15,307,152$20,333,978
74$24,818,243$17,532,611$15,783,630$21,803,073
75$27,312,248$18,354,253$16,274,925$23,397,175
76$30,059,461$19,214,976$16,781,499$25,127,967
77$33,085,673$20,116,656$17,303,826$27,008,276
78$36,419,303$21,061,264$17,842,396$29,052,190
79$40,091,669$22,050,863$18,397,713$31,275,180
80$44,137,280$23,087,616$18,970,297$33,694,239
81$48,594,166$24,173,792$19,560,685$36,328,041
82$53,504,232$25,311,770$20,169,430$39,197,100
83$58,913,660$26,504,043$20,797,102$42,323,963
84$64,873,337$27,753,225$21,444,289$45,733,412
85$71,439,342$29,062,057$22,111,597$49,452,687
86$78,673,470$30,433,413$22,799,651$53,511,736
87$86,643,820$31,870,306$23,509,095$57,943,485
88$95,425,433$33,375,895$24,240,593$62,784,144
89$105,101,006$34,953,492$24,994,831$68,073,532
90$115,761,665$36,606,569$25,772,515$73,855,443
91$127,507,833$38,338,769$26,574,372$80,178,053
92$140,450,172$40,153,909$27,401,153$87,094,353
93$154,710,630$42,055,991$28,253,633$94,662,644
94$170,423,593$44,049,214$29,132,609$102,947,070
95$187,737,152$46,137,978$30,038,903$112,018,211
96$206,814,500$48,326,897$30,973,365$121,953,733
97$227,835,474$50,620,810$31,936,868$132,839,108
98$250,998,253$53,024,790$32,930,314$144,768,401
99$276,521,228$55,544,158$33,954,632$157,845,142
100$304,645,063$58,184,491$35,010,782$172,183,289