Can I retire at age 68 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,106,654
2 years$588,682$577,719$567,093$556,791$546,798$505,322
3 years$388,557$377,546$366,947$356,741$346,911$306,884
4 years$288,513$277,536$267,043$257,012$247,420$209,148
5 years$228,503$217,592$207,237$197,410$188,085$151,667
6 years$188,509$177,680$167,478$157,870$148,825$114,289
7 years$159,953$149,215$139,175$129,794$121,035$88,372
8 years$138,546$127,905$118,031$108,881$100,410$69,592
9 years$121,905$111,364$101,660$92,742$84,560$55,545
10 years$108,600$98,162$88,630$79,945$72,049$44,788
11 years$97,721$87,388$78,028$69,576$61,965$36,399
12 years$88,662$78,435$69,248$61,027$53,697$29,765
13 years$81,002$70,882$61,869$53,878$46,825$24,459
14 years$74,442$64,430$55,589$47,827$41,047$20,179
15 years$68,762$58,858$50,190$42,653$36,141$16,702
16 years$63,797$54,001$45,504$38,191$31,941$13,859
17 years$59,421$49,733$41,407$34,315$28,321$11,525
18 years$55,535$45,955$37,799$30,924$25,182$9,601
19 years$52,063$42,591$34,603$27,943$22,445$8,010
20 years$48,941$39,578$31,757$25,308$20,048$6,690
21 years$46,120$36,865$29,211$22,968$17,941$5,593
22 years$43,560$34,412$26,922$20,883$16,082$4,681
23 years$41,225$32,185$24,858$19,019$14,436$3,919
24 years$39,088$30,155$22,989$17,346$12,975$3,284
25 years$37,125$28,299$21,293$15,842$11,676$2,753
26 years$35,316$26,597$19,748$14,485$10,517$2,308
27 years$33,644$25,031$18,338$13,258$9,482$1,936
28 years$32,094$23,586$17,047$12,147$8,556$1,625
29 years$30,654$22,251$15,864$11,139$7,726$1,364
30 years$29,312$21,014$14,777$10,223$6,981$1,145
31 years$28,059$19,865$13,776$9,389$6,311$961
32 years$26,887$18,796$12,853$8,629$5,709$807
33 years$25,788$17,800$12,001$7,935$5,167$678
34 years$24,756$16,871$11,213$7,301$4,678$569
35 years$23,785$16,002$10,483$6,721$4,237$478
36 years$22,871$15,188$9,807$6,190$3,839$402
37 years$22,007$14,425$9,179$5,703$3,479$337
38 years$21,191$13,709$8,596$5,257$3,154$284
39 years$20,419$13,036$8,053$4,847$2,860$238
40 years$19,687$12,402$7,548$4,471$2,594$200
41 years$18,993$11,806$7,078$4,125$2,354$168
42 years$18,333$11,244$6,639$3,807$2,136$141
43 years$17,706$10,713$6,230$3,514$1,938$119
44 years$17,109$10,212$5,848$3,245$1,759$100
45 years$16,540$9,738$5,491$2,996$1,597$84
46 years$15,998$9,289$5,157$2,768$1,450$70
47 years$15,480$8,865$4,845$2,557$1,317$59
48 years$14,985$8,463$4,553$2,363$1,196$50
49 years$14,512$8,081$4,280$2,184$1,086$42
50 years$14,059$7,720$4,024$2,018$987$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $14,400,000, adding $3,349 every year, while hoping to spend $48,396 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: 71/19/10 Blend
67$14,400,000$14,400,000$14,400,000$14,400,000
68$15,872,254$15,109,054$14,885,854$16,968,314
69$17,439,731$15,797,905$15,333,038$18,382,926
70$19,165,469$16,518,888$15,793,579$19,924,611
71$21,065,559$17,273,525$16,267,876$21,610,847
72$23,157,732$18,063,414$16,756,336$23,455,867
73$25,461,526$18,890,227$17,259,379$25,475,335
74$27,998,472$19,755,718$17,777,438$27,686,490
75$30,792,291$20,661,723$18,310,958$30,108,307
76$33,869,127$21,610,169$18,860,397$32,761,670
77$37,257,784$22,603,074$19,426,226$35,669,569
78$40,990,006$23,642,552$20,008,932$38,857,312
79$45,100,770$24,730,821$20,609,015$42,352,760
80$49,628,620$25,870,202$21,226,988$46,186,586
81$54,616,029$27,063,132$21,863,383$50,392,563
82$60,109,800$28,312,162$22,518,743$55,007,876
83$66,161,509$29,619,968$23,193,630$60,073,468
84$72,827,988$30,989,351$23,888,621$65,634,427
85$80,171,865$32,423,252$24,604,312$71,740,401
86$88,262,154$33,924,749$25,341,315$78,446,064
87$97,174,903$35,497,072$26,100,259$85,811,627
88$106,993,919$37,143,604$26,881,793$93,903,405
89$117,811,550$38,867,892$27,686,585$102,794,427
90$129,729,563$40,673,654$28,515,320$112,565,132
91$142,860,103$42,564,787$29,368,708$123,304,113
92$157,326,749$44,545,377$30,247,475$135,108,951
93$173,265,682$46,619,705$31,152,370$148,087,128
94$190,826,972$48,792,261$32,084,165$162,357,036
95$210,175,992$51,067,750$33,043,653$178,049,087
96$231,494,978$53,451,106$34,031,651$195,306,933
97$254,984,754$55,947,498$35,048,999$214,288,822
98$280,866,622$58,562,348$36,096,564$235,169,073
99$309,384,453$61,301,339$37,175,234$258,139,722
100$340,806,990$64,170,427$38,285,927$283,412,322