Can I retire at age 68 with 13,500,000?

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 $13,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,035,843
2 years$551,890$541,611$531,650$521,992$512,623$472,125
3 years$364,272$353,949$344,013$334,445$325,229$286,173
4 years$270,481$260,190$250,353$240,949$231,956$194,640
5 years$214,222$203,992$194,284$185,072$176,329$140,849
6 years$176,727$166,575$157,011$148,003$139,524$105,903
7 years$149,956$139,889$130,477$121,682$113,470$81,701
8 years$129,887$119,911$110,654$102,076$94,134$64,186
9 years$114,286$104,404$95,307$86,946$79,275$51,105
10 years$101,812$92,027$83,091$74,948$67,546$41,103
11 years$91,613$81,926$73,152$65,227$58,092$33,317
12 years$83,120$73,533$64,920$57,213$50,341$27,172
13 years$75,940$66,452$58,002$50,511$43,898$22,268
14 years$69,790$60,403$52,115$44,838$38,481$18,320
15 years$64,465$55,179$47,053$39,987$33,882$15,119
16 years$59,810$50,626$42,660$35,804$29,945$12,510
17 years$55,707$46,625$38,819$32,170$26,551$10,372
18 years$52,064$43,083$35,437$28,992$23,608$8,615
19 years$48,809$39,929$32,441$26,196$21,042$7,165
20 years$45,882$37,104$29,772$23,726$18,795$5,966
21 years$43,238$34,561$27,385$21,533$16,820$4,973
22 years$40,837$32,261$25,239$19,578$15,077$4,148
23 years$38,649$30,173$23,304$17,830$13,534$3,463
24 years$36,645$28,271$21,552$16,262$12,164$2,892
25 years$34,805$26,531$19,962$14,852$10,946$2,416
26 years$33,109$24,934$18,514$13,580$9,860$2,020
27 years$31,542$23,466$17,192$12,430$8,889$1,689
28 years$30,089$22,112$15,982$11,388$8,021$1,413
29 years$28,738$20,860$14,872$10,443$7,243$1,182
30 years$27,480$19,700$13,853$9,584$6,544$989
31 years$26,306$18,623$12,915$8,802$5,917$827
32 years$25,207$17,621$12,050$8,090$5,352$693
33 years$24,177$16,688$11,251$7,439$4,844$580
34 years$23,209$15,816$10,512$6,845$4,385$485
35 years$22,299$15,001$9,828$6,301$3,972$406
36 years$21,441$14,239$9,194$5,803$3,599$340
37 years$20,632$13,523$8,605$5,347$3,262$285
38 years$19,867$12,852$8,059$4,928$2,957$238
39 years$19,143$12,221$7,550$4,544$2,682$200
40 years$18,457$11,627$7,077$4,191$2,432$167
41 years$17,806$11,068$6,636$3,867$2,207$140
42 years$17,187$10,541$6,224$3,569$2,002$117
43 years$16,600$10,043$5,841$3,294$1,817$98
44 years$16,040$9,573$5,483$3,042$1,649$82
45 years$15,507$9,129$5,148$2,809$1,497$69
46 years$14,998$8,709$4,835$2,595$1,360$58
47 years$14,513$8,311$4,543$2,397$1,235$48
48 years$14,049$7,934$4,269$2,215$1,121$40
49 years$13,605$7,576$4,012$2,047$1,018$34
50 years$13,181$7,237$3,772$1,892$925$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $13,500,000, adding $3,355 every year, while hoping to spend $23,337 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: 66/29/5 Blend
67$13,500,000$13,500,000$13,500,000$13,500,000
68$14,880,461$14,164,961$13,955,711$15,852,853
69$16,373,437$14,834,213$14,398,397$17,167,548
70$18,017,915$15,535,477$14,855,130$18,600,608
71$19,829,323$16,270,296$15,326,358$20,166,038
72$21,824,663$17,040,289$15,812,539$21,876,721
73$24,022,668$17,847,154$16,314,149$23,746,822
74$26,443,985$18,692,669$16,831,678$25,791,926
75$29,111,363$19,578,701$17,365,630$28,029,170
76$32,049,871$20,507,206$17,916,528$30,477,413
77$35,287,135$21,480,236$18,484,909$33,157,397
78$38,853,598$22,499,943$19,071,328$36,091,948
79$42,782,806$23,568,581$19,676,359$39,306,181
80$47,111,726$24,688,516$20,300,591$42,827,733
81$51,881,096$25,862,227$20,944,635$46,687,019
82$57,135,807$27,092,315$21,609,120$50,917,512
83$62,925,329$28,381,508$22,294,694$55,556,056
84$69,304,173$29,732,663$23,002,027$60,643,204
85$76,332,415$31,148,779$23,731,811$66,223,597
86$84,076,252$32,633,001$24,484,758$72,346,375
87$92,608,636$34,188,624$25,261,604$79,065,638
88$102,009,956$35,819,105$26,063,106$86,440,947
89$112,368,801$37,528,071$26,890,050$94,537,875
90$123,782,793$39,319,321$27,743,241$103,428,626
91$136,359,513$41,196,842$28,623,514$113,192,700
92$150,217,510$43,164,814$29,531,729$123,917,636
93$165,487,427$45,227,621$30,468,773$135,699,833
94$182,313,229$47,389,859$31,435,561$148,645,445
95$200,853,564$49,656,348$32,433,038$162,871,377
96$221,283,262$52,032,144$33,462,179$178,506,372
97$243,794,982$54,522,546$34,523,990$195,692,221
98$268,601,034$57,133,114$35,619,506$214,585,085
99$295,935,380$59,869,677$36,749,801$235,356,959
100$326,055,846$62,738,349$37,915,976$258,197,282