Can I retire at age 68 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$993,352
2 years$527,361$517,540$508,021$498,792$489,840$454,623
3 years$348,082$338,218$328,723$319,581$310,775$276,760
4 years$258,460$248,626$239,226$230,240$221,647$189,094
5 years$204,701$194,926$185,649$176,846$168,493$137,487
6 years$168,873$159,172$150,032$141,425$133,322$103,888
7 years$143,292$133,672$124,678$116,274$108,427$80,560
8 years$124,114$114,582$105,736$97,539$89,951$63,628
9 years$109,207$99,764$91,071$83,082$75,751$50,941
10 years$97,287$87,937$79,398$71,617$64,544$41,205
11 years$87,542$78,285$69,900$62,328$55,510$33,596
12 years$79,426$70,265$62,035$54,670$48,104$27,565
13 years$72,564$63,499$55,424$48,266$41,947$22,729
14 years$66,688$57,718$49,799$42,845$36,771$18,817
15 years$61,600$52,727$44,962$38,210$32,376$15,630
16 years$57,152$48,376$40,764$34,213$28,614$13,017
17 years$53,231$44,552$37,094$30,740$25,371$10,864
18 years$49,750$41,168$33,862$27,703$22,559$9,084
19 years$46,639$38,154$30,999$25,032$20,107$7,608
20 years$43,843$35,455$28,449$22,671$17,960$6,379
21 years$41,316$33,025$26,168$20,576$16,072$5,354
22 years$39,022$30,828$24,118$18,708$14,407$4,498
23 years$36,931$28,832$22,268$17,038$12,932$3,781
24 years$35,017$27,014$20,595$15,539$11,624$3,180
25 years$33,258$25,351$19,075$14,192$10,460$2,677
26 years$31,638$23,826$17,691$12,976$9,422$2,254
27 years$30,140$22,423$16,427$11,877$8,494$1,898
28 years$28,751$21,129$15,271$10,882$7,665$1,599
29 years$27,461$19,933$14,211$9,979$6,921$1,348
30 years$26,259$18,825$13,237$9,158$6,254$1,136
31 years$25,136$17,796$12,341$8,411$5,654$958
32 years$24,086$16,838$11,514$7,730$5,114$808
33 years$23,102$15,946$10,751$7,108$4,628$681
34 years$22,178$15,113$10,045$6,540$4,190$574
35 years$21,308$14,335$9,391$6,021$3,795$484
36 years$20,488$13,606$8,785$5,545$3,439$409
37 years$19,715$12,922$8,223$5,109$3,117$345
38 years$18,984$12,281$7,700$4,709$2,826$291
39 years$18,292$11,678$7,214$4,342$2,562$245
40 years$17,636$11,111$6,762$4,005$2,324$207
41 years$17,014$10,576$6,341$3,695$2,109$175
42 years$16,424$10,072$5,948$3,410$1,913$147
43 years$15,862$9,597$5,581$3,148$1,736$124
44 years$15,327$9,148$5,239$2,907$1,576$105
45 years$14,817$8,723$4,919$2,684$1,431$89
46 years$14,332$8,322$4,620$2,479$1,299$75
47 years$13,868$7,941$4,341$2,291$1,180$63
48 years$13,424$7,581$4,079$2,117$1,071$53
49 years$13,001$7,240$3,834$1,956$973$45
50 years$12,595$6,916$3,605$1,808$884$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $12,900,000, adding $2,198 every year, while hoping to spend $48,107 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: 69/13/18 Blend
67$12,900,000$12,900,000$12,900,000$12,900,000
68$14,218,067$13,534,367$13,334,417$15,137,230
69$15,617,125$14,146,366$13,729,935$16,362,506
70$17,157,274$14,786,740$14,137,090$17,696,809
71$18,852,854$15,456,829$14,556,221$19,155,583
72$20,719,669$16,158,037$14,987,678$20,751,102
73$22,775,129$16,891,835$15,431,819$22,496,871
74$25,038,421$17,659,764$15,889,014$24,407,758
75$27,530,686$18,463,438$16,359,642$26,500,130
76$30,275,220$19,304,550$16,844,094$28,792,004
77$33,297,693$20,184,874$17,342,771$31,303,217
78$36,626,392$21,106,267$17,856,088$34,055,607
79$40,292,486$22,070,676$18,384,470$37,073,219
80$44,330,324$23,080,143$18,928,354$40,382,532
81$48,777,753$24,136,807$19,488,190$44,012,699
82$53,676,480$25,242,907$20,064,441$47,995,827
83$59,072,465$26,400,793$20,657,583$52,367,269
84$65,016,352$27,612,927$21,268,107$57,165,961
85$71,563,947$28,881,888$21,896,516$62,434,785
86$78,776,749$30,210,379$22,543,329$68,220,968
87$86,722,524$31,601,235$23,209,078$74,576,523
88$95,475,951$33,057,426$23,894,311$81,558,742
89$105,119,322$34,582,063$24,599,594$89,230,727
90$115,743,317$36,178,409$25,325,505$97,661,984
91$127,447,868$37,849,883$26,072,642$106,929,075
92$140,343,094$39,600,070$26,841,618$117,116,336
93$154,550,341$41,432,726$27,633,065$128,316,668
94$170,203,334$43,351,788$28,447,631$140,632,408
95$187,449,432$45,361,382$29,285,984$154,176,292
96$206,451,020$47,465,836$30,148,810$169,072,515
97$227,387,045$49,669,683$31,036,816$185,457,892
98$250,454,702$51,977,676$31,950,728$203,483,151
99$275,871,297$54,394,797$32,891,293$223,314,346
100$303,876,296$56,926,270$33,859,278$245,134,417