Can I retire at age 68 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,045,515
2 years$539,626$529,576$519,835$510,392$501,232$494,100
3 years$356,177$346,083$336,368$327,013$318,002$311,030
4 years$264,470$254,408$244,790$235,594$226,802$220,044
5 years$209,461$199,459$189,967$180,959$172,411$165,888
6 years$172,800$162,873$153,521$144,714$136,423$130,142
7 years$146,624$136,781$127,577$118,978$110,948$104,913
8 years$127,001$117,246$108,195$99,807$92,042$86,253
9 years$111,746$102,084$93,189$85,014$77,513$71,967
10 years$99,550$89,982$81,244$73,283$66,045$60,740
11 years$89,578$80,106$71,526$63,778$56,801$51,734
12 years$81,273$71,899$63,477$55,942$49,222$44,388
13 years$74,252$64,975$56,713$49,388$42,923$38,317
14 years$68,239$59,061$50,957$43,841$37,626$33,242
15 years$63,032$53,953$46,007$39,099$33,129$28,962
16 years$58,481$49,501$41,712$35,009$29,279$25,323
17 years$54,469$45,589$37,956$31,455$25,961$22,209
18 years$50,907$42,126$34,649$28,347$23,083$19,529
19 years$47,724$39,042$31,720$25,614$20,575$17,211
20 years$44,863$36,280$29,111$23,199$18,378$15,198
21 years$42,277$33,793$26,776$21,054$16,446$13,443
22 years$39,930$31,544$24,679$19,143$14,742$11,908
23 years$37,790$29,503$22,786$17,434$13,233$10,563
24 years$35,831$27,642$21,073$15,901$11,894$9,380
25 years$34,032$25,941$19,518$14,522$10,703$8,338
26 years$32,373$24,380$18,102$13,278$9,641$7,418
27 years$30,841$22,945$16,809$12,153$8,692$6,605
28 years$29,420$21,621$15,627$11,135$7,843$5,885
29 years$28,100$20,397$14,542$10,211$7,082$5,247
30 years$26,869$19,262$13,545$9,371$6,399$4,681
31 years$25,721$18,209$12,628$8,607$5,785$4,177
32 years$24,647$17,230$11,782$7,910$5,233$3,730
33 years$23,639$16,317$11,001$7,274$4,736$3,331
34 years$22,693$15,465$10,279$6,693$4,288$2,977
35 years$21,803$14,668$9,610$6,161$3,884$2,661
36 years$20,965$13,922$8,990$5,674$3,519$2,379
37 years$20,173$13,223$8,414$5,228$3,189$2,127
38 years$19,425$12,566$7,880$4,819$2,891$1,902
39 years$18,717$11,949$7,382$4,443$2,622$1,702
40 years$18,046$11,369$6,919$4,098$2,378$1,523
41 years$17,410$10,822$6,488$3,781$2,158$1,363
42 years$16,806$10,307$6,086$3,489$1,958$1,220
43 years$16,231$9,820$5,711$3,221$1,777$1,092
44 years$15,683$9,361$5,361$2,974$1,613$977
45 years$15,162$8,926$5,034$2,747$1,464$875
46 years$14,665$8,515$4,728$2,537$1,329$783
47 years$14,190$8,126$4,442$2,344$1,207$702
48 years$13,737$7,757$4,174$2,166$1,096$628
49 years$13,303$7,408$3,923$2,002$996$563
50 years$12,888$7,076$3,688$1,850$904$504

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $13,200,000, adding $2,535 every year, while hoping to spend $37,030 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: 54/29/17 Blend
67$13,200,000$13,200,000$13,200,000$13,200,000
68$14,549,015$13,849,415$13,644,815$15,268,088
69$15,993,615$14,488,637$14,062,517$16,398,737
70$17,584,323$15,157,939$14,492,970$17,624,665
71$19,336,003$15,858,757$14,936,564$18,958,284
72$21,265,034$16,592,595$15,393,697$20,409,868
73$23,389,464$17,361,028$15,864,783$21,990,708
74$25,729,180$18,165,710$16,350,244$23,713,217
75$28,306,099$19,008,372$16,850,520$25,591,041
76$31,144,368$19,890,830$17,366,059$27,639,180
77$34,270,599$20,814,986$17,897,328$29,874,132
78$37,714,115$21,782,835$18,444,803$32,314,037
79$41,507,229$22,796,468$19,008,978$34,978,846
80$45,685,547$23,858,076$19,590,360$37,890,505
81$50,288,309$24,969,958$20,189,473$41,073,154
82$55,358,752$26,134,521$20,806,856$44,553,351
83$60,944,523$27,354,291$21,443,063$48,360,315
84$67,098,126$28,631,913$22,098,668$52,526,197
85$73,877,421$29,970,162$22,774,259$57,086,375
86$81,346,165$31,371,947$23,470,444$62,079,781
87$89,574,618$32,840,317$24,187,848$67,549,264
88$98,640,205$34,378,469$24,927,117$73,541,983
89$108,628,244$35,989,752$25,688,913$80,109,845
90$119,632,756$37,677,680$26,473,923$87,309,990
91$131,757,347$39,445,937$27,282,849$95,205,316
92$145,116,191$41,298,382$28,116,419$103,865,067
93$159,835,104$43,239,065$28,975,381$113,365,479
94$176,052,734$45,272,229$29,860,506$123,790,482
95$193,921,868$47,402,323$30,772,588$135,232,492
96$213,610,873$49,634,011$31,712,444$147,793,264
97$235,305,290$51,972,185$32,680,919$161,584,845
98$259,209,579$54,421,972$33,678,879$176,730,618
99$285,549,055$56,988,748$34,707,221$193,366,455
100$314,572,011$59,678,149$35,766,865$211,641,989