Can I retire at age 68 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,085,431
2 years$572,330$561,671$551,341$541,325$531,609$500,660
3 years$377,763$367,058$356,754$346,832$337,275$307,294
4 years$280,499$269,827$259,625$249,873$240,547$211,765
5 years$222,156$211,547$201,480$191,926$182,860$155,356
6 years$183,273$172,744$162,826$153,485$144,691$118,490
7 years$155,510$145,070$135,309$126,189$117,673$92,776
8 years$134,698$124,352$114,753$105,856$97,621$74,015
9 years$118,519$108,271$98,837$90,166$82,211$59,874
10 years$105,583$95,436$86,168$77,724$70,048$48,950
11 years$95,006$84,961$75,861$67,643$60,243$40,351
12 years$86,199$76,256$67,325$59,332$52,206$33,482
13 years$78,752$68,913$60,150$52,381$45,524$27,928
14 years$72,375$62,640$54,045$46,498$39,906$23,396
15 years$66,852$57,223$48,795$41,468$35,137$19,668
16 years$62,025$52,501$44,240$37,130$31,054$16,581
17 years$57,770$48,351$40,257$33,361$27,535$14,013
18 years$53,993$44,679$36,749$30,065$24,482$11,866
19 years$50,616$41,408$33,642$27,167$21,822$10,065
20 years$47,582$38,478$30,875$24,605$19,492$8,550
21 years$44,839$35,841$28,399$22,330$17,443$7,271
22 years$42,350$33,456$26,174$20,303$15,635$6,190
23 years$40,080$31,291$24,167$18,491$14,035$5,274
24 years$38,003$29,318$22,351$16,865$12,615$4,496
25 years$36,094$27,513$20,701$15,402$11,351$3,836
26 years$34,335$25,858$19,199$14,082$10,225$3,274
27 years$32,710$24,335$17,828$12,890$9,219$2,796
28 years$31,203$22,931$16,574$11,810$8,318$2,389
29 years$29,803$21,633$15,423$10,830$7,511$2,041
30 years$28,498$20,430$14,366$9,939$6,787$1,745
31 years$27,280$19,313$13,393$9,128$6,136$1,492
32 years$26,140$18,274$12,496$8,389$5,550$1,276
33 years$25,072$17,306$11,668$7,715$5,023$1,091
34 years$24,069$16,402$10,902$7,098$4,548$933
35 years$23,125$15,557$10,192$6,534$4,119$799
36 years$22,235$14,766$9,535$6,018$3,732$683
37 years$21,396$14,024$8,924$5,545$3,383$585
38 years$20,602$13,328$8,357$5,111$3,067$500
39 years$19,852$12,674$7,830$4,712$2,781$428
40 years$19,140$12,058$7,339$4,346$2,522$366
41 years$18,465$11,478$6,881$4,010$2,288$314
42 years$17,824$10,931$6,455$3,701$2,076$269
43 years$17,214$10,415$6,057$3,416$1,885$230
44 years$16,634$9,928$5,686$3,154$1,711$197
45 years$16,081$9,467$5,339$2,913$1,553$168
46 years$15,554$9,031$5,014$2,691$1,410$144
47 years$15,050$8,619$4,711$2,486$1,280$123
48 years$14,569$8,228$4,427$2,297$1,163$106
49 years$14,109$7,857$4,161$2,123$1,056$90
50 years$13,669$7,505$3,912$1,962$959$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $14,000,000, adding $5,741 every year, while hoping to spend $42,888 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: 88/7/5 Blend
67$14,000,000$14,000,000$14,000,000$14,000,000
68$15,433,922$14,691,922$14,474,922$16,793,458
69$16,962,549$15,366,194$14,914,199$18,352,962
70$18,645,659$16,072,067$15,366,755$20,060,529
71$20,498,964$16,811,046$15,832,989$21,936,286
72$22,539,776$17,584,705$16,313,312$23,997,160
73$24,787,174$18,394,696$16,808,148$26,261,794
74$27,262,179$19,242,749$17,317,934$28,750,725
75$29,987,956$20,130,678$17,843,119$31,486,573
76$32,990,030$21,060,385$18,384,167$34,494,256
77$36,296,531$22,033,861$18,941,554$37,801,223
78$39,938,452$23,053,195$19,515,771$41,437,709
79$43,949,949$24,120,576$20,107,324$45,437,025
80$48,368,658$25,238,299$20,716,734$49,835,864
81$53,236,054$26,408,769$21,344,538$54,674,651
82$58,597,839$27,634,506$21,991,287$59,997,920
83$64,504,374$28,918,152$22,657,551$65,854,734
84$71,011,158$30,262,479$23,343,916$72,299,144
85$78,179,344$31,670,389$24,050,985$79,390,702
86$86,076,324$33,144,925$24,779,381$87,195,017
87$94,776,361$34,689,278$25,529,742$95,784,372
88$104,361,290$36,306,793$26,302,728$105,238,409
89$114,921,290$38,000,974$27,099,018$115,644,873
90$126,555,737$39,775,498$27,919,311$127,100,440
91$139,374,141$41,634,216$28,764,327$139,711,629
92$153,497,179$43,581,167$29,634,807$153,595,802
93$169,057,833$45,620,586$30,531,514$168,882,272
94$186,202,647$47,756,910$31,455,235$185,713,518
95$205,093,112$49,994,794$32,406,780$204,246,530
96$225,907,184$52,339,113$33,386,982$224,654,285
97$248,840,971$54,794,984$34,396,700$247,127,381
98$274,110,579$57,367,767$35,436,819$271,875,829
99$301,954,153$60,063,083$36,508,247$299,131,031
100$332,634,127$62,886,824$37,611,924$329,147,969