Can I retire at age 68 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,024,109
2 years$531,449$521,552$511,959$502,659$493,637$481,028
3 years$350,780$340,840$331,272$322,058$313,184$300,886
4 years$260,463$250,553$241,081$232,025$223,365$211,474
5 years$206,287$196,437$187,089$178,217$169,799$158,349
6 years$170,182$160,405$151,195$142,522$134,356$123,361
7 years$144,402$134,708$125,644$117,175$109,267$98,732
8 years$125,077$115,470$106,556$98,295$90,648$80,571
9 years$110,053$100,537$91,777$83,726$76,339$66,716
10 years$98,042$88,619$80,013$72,172$65,044$55,869
11 years$88,220$78,892$70,442$62,812$55,940$47,204
12 years$80,042$70,809$62,516$55,094$48,477$40,171
13 years$73,127$63,991$55,854$48,640$42,273$34,386
14 years$67,205$58,166$50,185$43,177$37,056$29,577
15 years$62,077$53,136$45,310$38,506$32,627$25,545
16 years$57,595$48,751$41,080$34,478$28,836$22,137
17 years$53,644$44,898$37,381$30,978$25,568$19,239
18 years$50,136$41,488$34,124$27,918$22,734$16,762
19 years$47,001$38,450$31,239$25,226$20,263$14,634
20 years$44,183$35,730$28,670$22,847$18,099$12,800
21 years$41,637$33,281$26,371$20,735$16,197$11,214
22 years$39,325$31,067$24,305$18,853$14,518$9,837
23 years$37,217$29,056$22,441$17,170$13,032$8,639
24 years$35,288$27,224$20,754$15,660$11,714$7,596
25 years$33,516$25,548$19,223$14,302$10,541$6,684
26 years$31,883$24,011$17,828$13,077$9,495$5,886
27 years$30,373$22,597$16,555$11,969$8,560$5,187
28 years$28,974$21,293$15,390$10,966$7,724$4,574
29 years$27,674$20,088$14,322$10,056$6,975$4,035
30 years$26,462$18,971$13,340$9,229$6,302$3,562
31 years$25,331$17,934$12,436$8,476$5,698$3,145
32 years$24,273$16,969$11,603$7,790$5,154$2,778
33 years$23,281$16,070$10,834$7,164$4,664$2,455
34 years$22,349$15,230$10,123$6,591$4,223$2,170
35 years$21,473$14,446$9,464$6,067$3,825$1,918
36 years$20,647$13,711$8,853$5,588$3,466$1,696
37 years$19,868$13,022$8,287$5,149$3,141$1,500
38 years$19,131$12,376$7,760$4,746$2,848$1,327
39 years$18,434$11,768$7,270$4,376$2,582$1,174
40 years$17,773$11,197$6,815$4,036$2,342$1,039
41 years$17,146$10,658$6,390$3,724$2,125$919
42 years$16,551$10,150$5,994$3,436$1,928$814
43 years$15,985$9,671$5,624$3,172$1,750$720
44 years$15,446$9,219$5,280$2,929$1,588$638
45 years$14,932$8,791$4,957$2,705$1,442$564
46 years$14,443$8,386$4,656$2,499$1,309$500
47 years$13,975$8,003$4,374$2,309$1,189$442
48 years$13,528$7,640$4,111$2,133$1,080$392
49 years$13,101$7,296$3,864$1,971$981$347
50 years$12,693$6,969$3,632$1,822$891$307

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $13,000,000, adding $6,498 every year, while hoping to spend $22,007 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: 73/10/17 Blend
67$13,000,000$13,000,000$13,000,000$13,000,000
68$14,332,703$13,643,703$13,442,203$15,322,468
69$15,771,223$14,288,829$13,869,101$16,624,940
70$17,355,735$14,964,829$14,309,563$18,047,978
71$19,101,106$15,673,192$14,764,020$19,606,277
72$21,023,721$16,415,479$15,232,916$21,313,259
73$23,141,632$17,193,330$15,716,711$23,183,700
74$25,474,736$18,008,460$16,215,878$25,233,868
75$28,044,955$18,862,670$16,730,905$27,481,674
76$30,876,447$19,757,849$17,262,298$29,946,839
77$33,995,836$20,695,974$17,810,576$32,651,079
78$37,432,457$21,679,122$18,376,276$35,618,307
79$41,218,638$22,709,470$18,959,952$38,874,853
80$45,390,003$23,789,299$19,562,175$42,449,717
81$49,985,811$24,921,002$20,183,535$46,374,834
82$55,049,321$26,107,088$20,824,640$50,685,376
83$60,628,205$27,350,189$21,486,119$55,420,079
84$66,774,997$28,653,063$22,168,619$60,621,607
85$73,547,586$30,018,603$22,872,808$66,336,952
86$81,009,769$31,449,843$23,599,376$72,617,874
87$89,231,845$32,949,964$24,349,034$79,521,385
88$98,291,283$34,522,303$25,122,516$87,110,286
89$108,273,454$36,170,356$25,920,581$95,453,753
90$119,272,435$37,897,792$26,744,010$104,627,990
91$131,391,898$39,708,458$27,593,608$114,716,943
92$144,746,086$41,606,388$28,470,209$125,813,085
93$159,460,897$43,595,811$29,374,671$138,018,289
94$175,675,066$45,681,163$30,307,879$151,444,785
95$193,541,478$47,867,095$31,270,749$166,216,211
96$213,228,612$50,158,486$32,264,223$182,468,778
97$234,922,130$52,560,452$33,289,274$200,352,553
98$258,826,629$55,078,356$34,346,906$220,032,865
99$285,167,574$57,717,824$35,438,156$241,691,863
100$314,193,425$60,484,756$36,564,093$265,530,231