Can I retire at age 68 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,016,474
2 years$535,538$525,564$515,897$506,525$497,434$469,286
3 years$353,479$343,462$333,820$324,536$315,593$288,316
4 years$262,467$252,481$242,935$233,810$225,083$198,887
5 years$207,874$197,948$188,528$179,588$171,105$146,062
6 years$171,491$161,639$152,358$143,618$135,389$111,524
7 years$145,513$135,744$126,611$118,076$110,108$87,420
8 years$126,039$116,358$107,376$99,051$91,345$69,824
9 years$110,900$101,311$92,483$84,370$76,926$56,552
10 years$98,796$89,300$80,629$72,728$65,545$46,292
11 years$88,899$79,499$70,984$63,295$56,371$38,209
12 years$80,658$71,354$62,997$55,518$48,850$31,746
13 years$73,689$64,483$56,283$49,014$42,598$26,516
14 years$67,722$58,613$50,571$43,509$37,341$22,244
15 years$62,555$53,544$45,659$38,803$32,878$18,725
16 years$58,038$49,126$41,396$34,744$29,058$15,810
17 years$54,057$45,243$37,669$31,217$25,764$13,380
18 years$50,522$41,807$34,387$28,133$22,909$11,347
19 years$47,362$38,746$31,480$25,420$20,419$9,640
20 years$44,523$36,005$28,890$23,023$18,239$8,201
21 years$41,957$33,537$26,574$20,895$16,321$6,985
22 years$39,627$31,305$24,492$18,998$14,630$5,955
23 years$37,503$29,279$22,614$17,302$13,133$5,082
24 years$35,559$27,433$20,914$15,780$11,804$4,340
25 years$33,774$25,744$19,370$14,412$10,622$3,708
26 years$32,128$24,196$17,965$13,177$9,568$3,170
27 years$30,607$22,771$16,682$12,061$8,626$2,712
28 years$29,197$21,457$15,508$11,051$7,783$2,320
29 years$27,887$20,242$14,432$10,134$7,028$1,986
30 years$26,666$19,117$13,443$9,300$6,350$1,701
31 years$25,526$18,071$12,532$8,542$5,741$1,456
32 years$24,460$17,099$11,693$7,850$5,194$1,248
33 years$23,460$16,193$10,918$7,219$4,700$1,069
34 years$22,521$15,348$10,201$6,642$4,255$916
35 years$21,638$14,557$9,537$6,114$3,854$785
36 years$20,806$13,817$8,922$5,631$3,492$673
37 years$20,020$13,123$8,350$5,188$3,165$577
38 years$19,278$12,471$7,820$4,782$2,869$494
39 years$18,575$11,859$7,326$4,409$2,602$424
40 years$17,910$11,283$6,867$4,067$2,360$363
41 years$17,278$10,740$6,439$3,752$2,141$311
42 years$16,678$10,229$6,040$3,463$1,943$267
43 years$16,108$9,746$5,668$3,197$1,763$229
44 years$15,565$9,290$5,320$2,952$1,601$196
45 years$15,047$8,859$4,995$2,726$1,453$168
46 years$14,554$8,451$4,692$2,518$1,319$144
47 years$14,083$8,065$4,408$2,326$1,198$124
48 years$13,632$7,699$4,142$2,150$1,088$106
49 years$13,202$7,352$3,893$1,987$988$91
50 years$12,790$7,023$3,660$1,836$898$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $13,100,000, adding $6,453 every year, while hoping to spend $43,070 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: 37/44/19 Blend
67$13,100,000$13,100,000$13,100,000$13,100,000
68$14,442,856$13,748,556$13,545,506$14,894,140
69$15,870,201$14,376,409$13,953,455$15,849,471
70$17,441,692$15,033,584$14,373,626$16,876,158
71$19,171,986$15,721,471$14,806,383$17,984,245
72$21,077,234$16,441,528$15,252,103$19,181,065
73$23,175,233$17,195,284$15,711,169$20,474,655
74$25,485,594$17,984,340$16,183,980$21,873,829
75$28,029,926$18,810,374$16,670,945$23,388,253
76$30,832,041$19,675,145$17,172,484$25,028,530
77$33,918,178$20,580,496$17,689,032$26,806,295
78$37,317,252$21,528,359$18,221,033$28,734,317
79$41,061,122$22,520,760$18,768,948$30,826,612
80$45,184,899$23,559,819$19,333,251$33,098,567
81$49,727,270$24,647,762$19,914,426$35,567,081
82$54,730,869$25,786,920$20,512,977$38,250,710
83$60,242,675$26,979,736$21,129,419$41,169,839
84$66,314,457$28,228,772$21,764,283$44,346,864
85$73,003,261$29,536,712$22,418,117$47,806,391
86$80,371,953$30,906,370$23,091,483$51,575,462
87$88,489,806$32,340,696$23,784,961$55,683,798
88$97,433,157$33,842,781$24,499,148$60,164,069
89$107,286,127$35,415,866$25,234,658$65,052,191
90$118,141,417$37,063,347$25,992,123$70,387,655
91$130,101,177$38,788,787$26,772,195$76,213,882
92$143,277,977$40,595,917$27,575,544$82,578,626
93$157,795,864$42,488,651$28,402,858$89,534,409
94$173,791,537$44,471,090$29,254,849$97,139,000
95$191,415,635$46,547,534$30,132,247$105,455,949
96$210,834,157$48,722,491$31,035,805$114,555,170
97$232,230,034$51,000,686$31,966,297$124,513,584
98$255,804,850$53,387,072$32,924,521$135,415,827
99$281,780,749$55,886,843$33,911,297$147,355,036
100$310,402,529$58,505,442$34,927,469$160,433,702