Can I retire at age 68 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,155,636
2 years$600,947$589,755$578,908$568,391$558,190$541,535
3 years$396,652$385,411$374,592$364,174$354,139$337,910
4 years$294,524$283,318$272,607$262,367$252,575$236,897
5 years$233,263$222,125$211,554$201,523$192,003$176,921
6 years$192,436$181,382$170,967$161,159$151,926$137,458
7 years$163,286$152,324$142,074$132,498$123,556$109,708
8 years$141,433$130,570$120,490$111,149$102,502$89,271
9 years$124,445$113,684$103,778$94,674$86,321$73,702
10 years$110,862$100,207$90,476$81,610$73,550$61,532
11 years$99,757$89,209$79,654$71,025$63,256$51,828
12 years$90,509$80,069$70,691$62,299$54,816$43,965
13 years$82,690$72,359$63,158$55,001$47,801$37,511
14 years$75,993$65,772$56,747$48,823$41,902$32,158
15 years$70,195$60,084$51,235$43,542$36,894$27,679
16 years$65,127$55,126$46,452$38,987$32,607$23,903
17 years$60,659$50,769$42,270$35,029$28,911$20,701
18 years$56,692$46,913$38,587$31,569$25,707$17,971
19 years$53,147$43,478$35,324$28,525$22,913$15,633
20 years$49,961$40,402$32,419$25,835$20,466$13,623
21 years$47,081$37,633$29,819$23,447$18,315$11,890
22 years$44,467$35,129$27,483$21,318$16,417$10,391
23 years$42,084$32,856$25,376$19,415$14,737$9,091
24 years$39,903$30,784$23,468$17,708$13,246$7,961
25 years$37,899$28,889$21,736$16,172$11,919$6,978
26 years$36,052$27,151$20,159$14,787$10,736$6,121
27 years$34,345$25,552$18,720$13,535$9,680$5,373
28 years$32,763$24,078$17,402$12,401$8,734$4,718
29 years$31,293$22,714$16,194$11,372$7,887$4,146
30 years$29,923$21,451$15,084$10,436$7,126$3,644
31 years$28,644$20,279$14,063$9,585$6,443$3,205
32 years$27,447$19,188$13,121$8,809$5,828$2,819
33 years$26,326$18,171$12,251$8,100$5,274$2,481
34 years$25,272$17,222$11,447$7,453$4,775$2,184
35 years$24,281$16,335$10,702$6,861$4,325$1,922
36 years$23,347$15,504$10,011$6,319$3,919$1,693
37 years$22,466$14,725$9,370$5,822$3,552$1,491
38 years$21,633$13,994$8,775$5,366$3,220$1,313
39 years$20,844$13,307$8,221$4,948$2,920$1,157
40 years$20,097$12,661$7,706$4,564$2,648$1,019
41 years$19,388$12,052$7,225$4,211$2,403$898
42 years$18,715$11,478$6,778$3,886$2,180$791
43 years$18,075$10,936$6,360$3,587$1,979$697
44 years$17,466$10,424$5,970$3,312$1,796$615
45 years$16,885$9,941$5,606$3,059$1,631$542
46 years$16,331$9,483$5,265$2,825$1,480$478
47 years$15,803$9,050$4,946$2,610$1,344$421
48 years$15,298$8,639$4,648$2,412$1,221$371
49 years$14,815$8,250$4,369$2,229$1,109$327
50 years$14,352$7,881$4,107$2,060$1,007$288

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $14,700,000, adding $2,939 every year, while hoping to spend $26,912 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: 39/48/13 Blend
67$14,700,000$14,700,000$14,700,000$14,700,000
68$16,202,432$15,423,332$15,195,482$16,770,821
69$17,826,445$16,150,441$15,675,896$17,901,592
70$19,615,207$16,912,276$16,171,502$19,120,613
71$21,585,491$17,710,511$16,682,781$20,438,085
72$23,755,785$18,546,900$17,210,228$21,862,903
73$26,146,459$19,423,282$17,754,355$23,404,816
74$28,779,961$20,341,585$18,315,688$25,074,513
75$31,681,026$21,303,833$18,894,773$26,883,718
76$34,876,914$22,312,143$19,492,171$28,845,288
77$38,397,661$23,368,741$20,108,461$30,973,330
78$42,276,369$24,475,955$20,744,241$33,283,325
79$46,549,513$25,636,231$21,400,127$35,792,261
80$51,257,287$26,852,131$22,076,756$38,518,789
81$56,443,986$28,126,340$22,774,782$41,483,388
82$62,158,419$29,461,678$23,494,884$44,708,544
83$68,454,375$30,861,097$24,237,760$48,218,955
84$75,391,125$32,327,695$25,004,129$52,041,753
85$83,033,988$33,864,720$25,794,735$56,206,745
86$91,454,942$35,475,578$26,610,346$60,746,683
87$100,733,304$37,163,840$27,451,751$65,697,562
88$110,956,483$38,933,250$28,319,766$71,098,942
89$122,220,801$40,787,736$29,215,235$76,994,312
90$134,632,402$42,731,414$30,139,024$83,431,479
91$148,308,256$44,768,602$31,092,030$90,463,011
92$163,377,262$46,903,828$32,075,178$98,146,709
93$179,981,467$49,141,839$33,089,420$106,546,141
94$198,277,401$51,487,614$34,135,741$115,731,219
95$218,437,563$53,946,374$35,215,155$125,778,845
96$240,652,041$56,523,593$36,328,709$136,773,613
97$265,130,311$59,225,011$37,477,483$148,808,587
98$292,103,216$62,056,650$38,662,592$161,986,159
99$321,825,140$65,024,822$39,885,185$176,418,993
100$354,576,413$68,136,147$41,146,447$192,231,061