Can I retire at age 68 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,147,300
2 years$596,859$585,743$574,970$564,524$554,393$537,377
3 years$393,953$382,789$372,043$361,696$351,729$335,152
4 years$292,520$281,391$270,752$260,582$250,856$234,845
5 years$231,677$220,614$210,115$200,152$190,697$175,297
6 years$191,127$180,148$169,804$160,063$150,892$136,122
7 years$162,175$151,288$141,108$131,597$122,716$108,581
8 years$140,471$129,682$119,671$110,393$101,804$88,303
9 years$123,598$112,911$103,072$94,030$85,734$72,859
10 years$110,108$99,526$89,861$81,055$73,050$60,792
11 years$99,078$88,602$79,112$70,542$62,825$51,172
12 years$89,893$79,524$70,210$61,875$54,443$43,381
13 years$82,127$71,867$62,728$54,626$47,475$36,989
14 years$75,476$65,325$56,361$48,491$41,617$31,689
15 years$69,718$59,675$50,887$43,246$36,643$27,257
16 years$64,684$54,751$46,136$38,722$32,385$23,522
17 years$60,246$50,424$41,982$34,791$28,715$20,357
18 years$56,307$46,594$38,324$31,354$25,532$17,659
19 years$52,786$43,183$35,084$28,331$22,757$15,351
20 years$49,621$40,127$32,198$25,659$20,327$13,367
21 years$46,761$37,377$29,616$23,287$18,190$11,658
22 years$44,165$34,890$27,296$21,173$16,305$10,180
23 years$41,798$32,632$25,203$19,283$14,636$8,900
24 years$39,631$30,574$23,309$17,587$13,155$7,788
25 years$37,641$28,692$21,588$16,062$11,838$6,821
26 years$35,807$26,966$20,022$14,686$10,663$5,978
27 years$34,112$25,378$18,592$13,442$9,614$5,243
28 years$32,540$23,914$17,284$12,316$8,675$4,601
29 years$31,080$22,560$16,084$11,294$7,833$4,039
30 years$29,719$21,305$14,982$10,365$7,078$3,548
31 years$28,449$20,141$13,967$9,520$6,399$3,117
32 years$27,261$19,057$13,032$8,749$5,788$2,740
33 years$26,146$18,047$12,168$8,045$5,238$2,409
34 years$25,100$17,105$11,369$7,402$4,743$2,119
35 years$24,116$16,224$10,629$6,814$4,296$1,864
36 years$23,188$15,399$9,943$6,276$3,892$1,640
37 years$22,313$14,625$9,307$5,782$3,528$1,443
38 years$21,485$13,899$8,715$5,330$3,198$1,270
39 years$20,702$13,217$8,165$4,914$2,900$1,118
40 years$19,961$12,575$7,653$4,533$2,630$984
41 years$19,257$11,970$7,176$4,182$2,386$866
42 years$18,588$11,400$6,732$3,859$2,165$763
43 years$17,952$10,862$6,317$3,563$1,965$672
44 years$17,347$10,353$5,929$3,290$1,784$591
45 years$16,770$9,873$5,567$3,038$1,619$521
46 years$16,220$9,418$5,229$2,806$1,470$459
47 years$15,695$8,988$4,913$2,593$1,335$404
48 years$15,193$8,580$4,617$2,396$1,213$356
49 years$14,714$8,194$4,339$2,214$1,101$313
50 years$14,255$7,827$4,080$2,046$1,000$276

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $14,600,000, adding $4,083 every year, while hoping to spend $23,753 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: 35/41/24 Blend
67$14,600,000$14,600,000$14,600,000$14,600,000
68$16,093,412$15,319,612$15,093,312$16,539,517
69$17,709,667$16,045,000$15,573,665$17,595,917
70$19,489,983$16,805,135$16,069,313$18,732,504
71$21,451,072$17,601,697$16,580,745$19,958,396
72$23,611,343$18,436,443$17,108,463$21,281,578
73$25,991,089$19,311,217$17,652,985$22,710,797
74$28,612,668$20,227,955$18,214,848$24,255,642
75$31,500,718$21,188,682$18,794,603$25,926,624
76$34,682,391$22,195,527$19,392,821$27,735,272
77$38,187,605$23,250,718$20,010,091$29,694,231
78$42,049,330$24,356,593$20,647,019$31,817,373
79$46,303,899$25,515,603$21,304,231$34,119,921
80$50,991,349$26,730,319$21,982,375$36,618,583
81$56,155,798$28,003,437$22,682,116$39,331,702
82$61,845,867$29,337,782$23,404,144$42,279,416
83$68,115,130$30,736,319$24,149,168$45,483,839
84$75,022,630$32,202,155$24,917,922$48,969,264
85$82,633,427$33,738,550$25,711,161$52,762,372
86$91,019,218$35,348,920$26,529,666$56,892,481
87$100,259,011$37,036,850$27,374,243$61,391,805
88$110,439,871$38,806,096$28,245,721$66,295,749
89$121,657,744$40,660,601$29,144,959$71,643,225
90$134,018,360$42,604,496$30,072,841$77,477,011
91$147,638,231$44,642,116$31,030,280$83,844,135
92$162,645,755$46,778,003$32,018,218$90,796,310
93$179,182,421$49,016,924$33,037,627$98,390,398
94$197,404,151$51,363,877$34,089,511$106,688,936
95$217,482,769$53,824,102$35,174,904$115,760,708
96$239,607,624$56,403,094$36,294,875$125,681,375
97$263,987,374$59,106,618$37,450,526$136,534,168
98$290,851,961$61,940,718$38,642,994$148,410,658
99$320,454,779$64,911,731$39,873,453$161,411,596
100$353,075,066$68,026,306$41,143,113$175,647,844