Can I retire at age 68 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,089,554
2 years$580,506$569,695$559,217$549,058$539,204$496,606
3 years$383,160$372,302$361,850$351,787$342,093$301,012
4 years$284,506$273,681$263,334$253,443$243,984$204,732
5 years$225,329$214,569$204,358$194,668$185,472$148,152
6 years$185,891$175,212$165,152$155,678$146,758$111,395
7 years$157,732$147,143$137,242$127,991$119,354$85,937
8 years$136,622$126,129$116,392$107,369$99,015$67,514
9 years$120,212$109,818$100,248$91,454$83,385$53,755
10 years$107,092$96,799$87,399$78,834$71,048$43,234
11 years$96,364$86,174$76,945$68,610$61,104$35,045
12 years$87,430$77,345$68,286$60,180$52,951$28,581
13 years$79,877$69,898$61,009$53,130$46,175$23,423
14 years$73,408$63,535$54,817$47,163$40,476$19,270
15 years$67,807$58,040$49,493$42,061$35,639$15,903
16 years$62,911$53,251$44,872$37,661$31,498$13,159
17 years$58,596$49,042$40,832$33,838$27,928$10,910
18 years$54,764$45,317$37,274$30,495$24,832$9,062
19 years$51,339$41,999$34,123$27,555$22,133$7,537
20 years$48,261$39,028$31,316$24,956$19,770$6,276
21 years$45,480$36,353$28,805$22,649$17,692$5,231
22 years$42,955$33,934$26,548$20,593$15,858$4,363
23 years$40,653$31,738$24,513$18,755$14,235$3,642
24 years$38,545$29,736$22,670$17,105$12,795$3,042
25 years$36,610$27,906$20,997$15,622$11,514$2,542
26 years$34,826$26,227$19,474$14,284$10,371$2,125
27 years$33,177$24,683$18,083$13,074$9,350$1,777
28 years$31,649$23,259$16,810$11,979$8,437$1,486
29 years$30,228$21,942$15,644$10,985$7,618$1,243
30 years$28,905$20,722$14,571$10,081$6,884$1,040
31 years$27,670$19,589$13,584$9,259$6,224$870
32 years$26,514$18,535$12,675$8,509$5,630$728
33 years$25,430$17,553$11,834$7,825$5,095$610
34 years$24,412$16,636$11,057$7,200$4,613$510
35 years$23,455$15,779$10,338$6,628$4,178$427
36 years$22,553$14,977$9,671$6,104$3,785$358
37 years$21,701$14,225$9,052$5,624$3,431$300
38 years$20,897$13,518$8,476$5,184$3,110$251
39 years$20,135$12,855$7,942$4,780$2,821$210
40 years$19,414$12,230$7,444$4,408$2,558$176
41 years$18,729$11,642$6,980$4,067$2,321$147
42 years$18,079$11,087$6,547$3,754$2,106$123
43 years$17,460$10,564$6,144$3,465$1,911$103
44 years$16,872$10,070$5,767$3,199$1,735$87
45 years$16,311$9,602$5,415$2,955$1,575$72
46 years$15,776$9,160$5,086$2,729$1,430$61
47 years$15,265$8,742$4,778$2,522$1,299$51
48 years$14,777$8,345$4,490$2,330$1,179$43
49 years$14,311$7,969$4,220$2,153$1,071$36
50 years$13,864$7,612$3,968$1,990$973$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $14,200,000, adding $4,204 every year, while hoping to spend $23,147 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: 37/39/24 Blend
67$14,200,000$14,200,000$14,200,000$14,200,000
68$15,652,736$14,900,136$14,680,036$16,118,996
69$17,224,687$15,605,615$15,147,189$17,166,314
70$18,956,201$16,344,886$15,629,216$18,294,377
71$20,863,530$17,119,581$16,126,591$19,512,427
72$22,964,580$17,931,411$16,639,802$20,828,588
73$25,279,086$18,782,169$17,169,354$22,251,764
74$27,828,794$19,673,736$17,715,768$23,791,720
75$30,637,665$20,608,084$18,279,581$25,459,167
76$33,732,107$21,587,280$18,861,347$27,265,856
77$37,141,219$22,613,493$19,461,639$29,224,680
78$40,897,065$23,688,996$20,081,046$31,349,790
79$45,034,982$24,816,174$20,720,177$33,656,720
80$49,593,909$25,997,525$21,379,662$36,162,527
81$54,616,755$27,235,671$22,060,148$38,885,939
82$60,150,806$28,533,361$22,762,305$41,847,527
83$66,248,169$29,893,476$23,486,823$45,069,887
84$72,966,266$31,319,040$24,234,415$48,577,847
85$80,368,373$32,813,221$25,005,816$52,398,684
86$88,524,220$34,379,342$25,801,784$56,562,380
87$97,510,650$36,020,889$26,623,103$61,101,886
88$107,412,340$37,741,516$27,470,581$66,053,423
89$118,322,604$39,545,056$28,345,050$71,456,814
90$130,344,272$41,435,526$29,247,372$77,355,845
91$143,590,662$43,417,141$30,178,433$83,798,664
92$158,186,649$45,494,321$31,139,150$90,838,222
93$174,269,844$47,671,699$32,130,468$98,532,760
94$191,991,891$49,954,136$33,153,362$106,946,340
95$211,519,903$52,346,727$34,208,839$116,149,435
96$233,038,034$54,854,818$35,297,936$126,219,575
97$256,749,223$57,484,013$36,421,726$137,242,066
98$282,877,104$60,240,190$37,581,314$149,310,772
99$311,668,121$63,129,513$38,777,841$162,528,983
100$343,393,856$66,158,445$40,012,485$177,010,369