Can I retire at age 68 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,163,689
2 years$617,299$605,802$594,660$583,857$573,379$533,069
3 years$407,445$395,899$384,785$374,083$363,775$324,827
4 years$302,538$291,027$280,025$269,506$259,447$222,159
5 years$239,611$228,169$217,311$207,006$197,228$161,699
6 years$197,673$186,317$175,619$165,545$156,060$122,318
7 years$167,729$156,469$145,940$136,103$126,918$94,959
8 years$145,281$134,123$123,769$114,174$105,291$75,090
9 years$127,831$116,778$106,602$97,251$88,670$60,191
10 years$113,879$102,934$92,938$83,831$75,551$48,749
11 years$102,471$91,636$81,821$72,958$64,977$39,798
12 years$92,972$82,248$72,614$63,994$56,307$32,697
13 years$84,940$74,328$64,876$56,497$49,101$26,998
14 years$78,061$67,562$58,292$50,152$43,042$22,382
15 years$72,105$61,719$52,629$44,727$37,897$18,617
16 years$66,899$56,626$47,716$40,048$33,494$15,527
17 years$62,310$52,150$43,420$35,983$29,698$12,979
18 years$58,235$48,189$39,637$32,428$26,406$10,869
19 years$54,593$44,661$36,286$29,301$23,536$9,116
20 years$51,320$41,502$33,301$26,538$21,023$7,655
21 years$48,362$38,657$30,631$24,085$18,813$6,435
22 years$45,677$36,085$28,231$21,899$16,863$5,414
23 years$43,229$33,750$26,066$19,943$15,138$4,559
24 years$40,988$31,621$24,107$18,190$13,606$3,841
25 years$38,930$29,675$22,328$16,612$12,243$3,238
26 years$37,033$27,890$20,708$15,189$11,028$2,730
27 years$35,280$26,247$19,229$13,903$9,943$2,303
28 years$33,655$24,733$17,876$12,738$8,972$1,944
29 years$32,144$23,333$16,635$11,681$8,101$1,641
30 years$30,737$22,035$15,495$10,720$7,320$1,385
31 years$29,423$20,830$14,445$9,846$6,618$1,170
32 years$28,194$19,710$13,478$9,048$5,986$988
33 years$27,042$18,666$12,584$8,321$5,418$835
34 years$25,960$17,691$11,758$7,656$4,905$705
35 years$24,942$16,779$10,993$7,048$4,443$596
36 years$23,982$15,926$10,284$6,491$4,025$503
37 years$23,077$15,126$9,625$5,980$3,648$425
38 years$22,221$14,375$9,014$5,512$3,308$359
39 years$21,411$13,669$8,445$5,083$2,999$304
40 years$20,644$13,005$7,915$4,688$2,721$257
41 years$19,916$12,380$7,422$4,325$2,468$217
42 years$19,225$11,790$6,962$3,992$2,240$183
43 years$18,567$11,234$6,533$3,685$2,033$155
44 years$17,941$10,708$6,132$3,402$1,845$131
45 years$17,345$10,211$5,758$3,142$1,675$111
46 years$16,776$9,741$5,408$2,902$1,521$94
47 years$16,233$9,296$5,081$2,681$1,381$79
48 years$15,714$8,874$4,775$2,478$1,254$67
49 years$15,218$8,474$4,488$2,290$1,139$57
50 years$14,743$8,095$4,219$2,117$1,035$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $15,100,000, adding $2,670 every year, while hoping to spend $50,188 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: 33/48/19 Blend
67$15,100,000$15,100,000$15,100,000$15,100,000
68$16,642,954$15,842,654$15,608,604$17,094,278
69$18,287,136$16,565,545$16,078,093$18,151,951
70$20,097,342$17,322,174$16,561,627$19,286,285
71$22,090,454$18,114,144$17,059,625$20,507,772
72$24,285,074$18,943,131$17,572,516$21,824,106
73$26,701,699$19,810,891$18,100,742$23,243,714
74$29,362,915$20,719,268$18,644,760$24,775,824
75$32,293,611$21,670,191$19,205,039$26,430,554
76$35,521,212$22,665,683$19,782,060$28,218,989
77$39,075,939$23,707,865$20,376,322$30,153,285
78$42,991,091$24,798,957$20,988,336$32,246,772
79$47,303,366$25,941,289$21,618,628$34,514,069
80$52,053,199$27,137,302$22,267,742$36,971,219
81$57,285,149$28,389,554$22,936,235$39,635,822
82$63,048,317$29,700,725$23,624,682$42,527,199
83$69,396,812$31,073,626$24,333,675$45,666,557
84$76,390,255$32,511,203$25,063,822$49,077,182
85$84,094,352$34,016,542$25,815,751$52,784,645
86$92,581,504$35,592,881$26,590,106$56,817,032
87$101,931,495$37,243,610$27,387,552$61,205,197
88$112,232,246$38,972,285$28,208,774$65,983,036
89$123,580,641$40,782,633$29,054,474$71,187,799
90$136,083,445$42,678,560$29,925,377$76,860,419
91$149,858,308$44,664,162$30,822,229$83,045,891
92$165,034,879$46,743,730$31,745,797$89,793,675
93$181,756,028$48,921,764$32,696,873$97,158,148
94$200,179,194$51,202,981$33,676,269$105,199,099
95$220,477,869$53,592,325$34,684,822$113,982,274
96$242,843,243$56,094,979$35,723,394$123,579,981
97$267,485,998$58,716,377$36,792,872$134,071,747
98$294,638,305$61,462,216$37,894,169$145,545,051
99$324,556,014$64,338,465$39,028,225$158,096,125
100$357,521,063$67,351,386$40,196,006$171,830,843