Can I retire at age 68 with 15,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,198,414
2 years$621,387$609,814$598,598$587,724$577,176$563,429
3 years$410,143$398,520$387,333$376,560$366,184$352,773
4 years$304,542$292,955$281,879$271,291$261,166$248,193
5 years$241,198$229,680$218,750$208,377$198,534$186,037
6 years$198,982$187,551$176,782$166,641$157,093$145,088
7 years$168,840$157,505$146,907$137,005$127,759$116,250
8 years$146,243$135,011$124,589$114,930$105,988$94,976
9 years$128,678$117,551$107,308$97,895$89,257$78,736
10 years$114,633$103,616$93,554$84,386$76,052$66,015
11 years$103,150$92,243$82,363$73,441$65,407$55,846
12 years$93,587$82,792$73,095$64,418$56,680$47,585
13 years$85,502$74,820$65,306$56,871$49,426$40,786
14 years$78,578$68,009$58,678$50,484$43,327$35,129
15 years$72,583$62,128$52,978$45,023$38,148$30,380
16 years$67,342$57,001$48,032$40,313$33,716$26,364
17 years$62,722$52,496$43,707$36,221$29,895$22,945
18 years$58,621$48,509$39,899$32,642$26,581$20,019
19 years$54,955$44,957$36,526$29,495$23,692$17,504
20 years$51,660$41,776$33,522$26,714$21,162$15,333
21 years$48,683$38,913$30,833$24,244$18,938$13,452
22 years$45,980$36,324$28,418$22,044$16,975$11,819
23 years$43,515$33,973$26,239$20,076$15,238$10,396
24 years$41,260$31,831$24,266$18,310$13,696$9,154
25 years$39,188$29,871$22,476$16,722$12,324$8,068
26 years$37,279$28,074$20,845$15,290$11,101$7,116
27 years$35,514$26,421$19,356$13,995$10,009$6,281
28 years$33,877$24,897$17,994$12,822$9,031$5,547
29 years$32,357$23,487$16,745$11,758$8,155$4,902
30 years$30,941$22,181$15,598$10,791$7,368$4,334
31 years$29,618$20,968$14,541$9,911$6,662$3,833
32 years$28,381$19,840$13,567$9,108$6,026$3,392
33 years$27,221$18,789$12,668$8,376$5,454$3,002
34 years$26,132$17,808$11,836$7,707$4,938$2,658
35 years$25,107$16,890$11,066$7,094$4,472$2,354
36 years$24,141$16,032$10,352$6,534$4,052$2,085
37 years$23,230$15,226$9,689$6,020$3,672$1,847
38 years$22,368$14,470$9,073$5,549$3,329$1,637
39 years$21,553$13,760$8,501$5,116$3,019$1,450
40 years$20,781$13,091$7,968$4,719$2,739$1,286
41 years$20,048$12,462$7,471$4,354$2,485$1,140
42 years$19,352$11,868$7,008$4,018$2,254$1,010
43 years$18,690$11,308$6,576$3,709$2,046$896
44 years$18,060$10,779$6,173$3,425$1,857$794
45 years$17,459$10,279$5,796$3,163$1,686$704
46 years$16,887$9,805$5,444$2,922$1,531$625
47 years$16,340$9,357$5,115$2,699$1,390$554
48 years$15,818$8,933$4,806$2,494$1,262$491
49 years$15,318$8,530$4,518$2,305$1,147$436
50 years$14,841$8,149$4,247$2,131$1,041$387

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $15,200,000, adding $6,145 every year, while hoping to spend $22,342 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: 50/36/14 Blend
67$15,200,000$15,200,000$15,200,000$15,200,000
68$16,756,739$15,951,139$15,715,539$17,530,167
69$18,442,154$16,708,973$16,218,237$18,819,963
70$20,298,733$17,503,192$16,737,028$20,217,986
71$22,343,911$18,335,555$17,272,425$21,736,736
72$24,596,901$19,207,908$17,824,962$23,387,573
73$27,078,873$20,122,184$18,395,187$25,182,973
74$29,813,159$21,080,412$18,983,666$27,136,639
75$32,825,467$22,084,718$19,590,985$29,263,625
76$36,144,130$23,137,334$20,217,748$31,580,470
77$39,800,365$24,240,597$20,864,577$34,105,350
78$43,828,576$25,396,961$21,532,114$36,858,240
79$48,266,676$26,608,997$22,221,025$39,861,097
80$53,156,440$27,879,401$22,931,992$43,138,057
81$58,543,907$29,211,002$23,665,724$46,715,658
82$64,479,809$30,606,764$24,422,950$50,623,079
83$71,020,053$32,069,799$25,204,422$54,892,407
84$78,226,245$33,603,366$26,010,917$59,558,932
85$86,166,277$35,210,886$26,843,237$64,661,469
86$94,914,962$36,895,944$27,702,211$70,242,715
87$104,554,745$38,662,301$28,588,691$76,349,640
88$115,176,476$40,513,902$29,503,559$83,033,921
89$126,880,274$42,454,881$30,447,726$90,352,415
90$139,776,468$44,489,575$31,422,130$98,367,688
91$153,986,636$46,622,533$32,427,741$107,148,589
92$169,644,761$48,858,525$33,465,558$116,770,886
93$186,898,486$51,202,552$34,536,613$127,317,970
94$205,910,515$53,659,860$35,641,973$138,881,626
95$226,860,145$56,235,951$36,782,737$151,562,883
96$249,944,959$58,936,593$37,960,038$165,472,953
97$275,382,695$61,767,836$39,175,050$180,734,263
98$303,413,296$64,736,025$40,428,980$197,481,593
99$334,301,177$67,847,815$41,723,075$215,863,329
100$368,337,723$71,110,185$43,058,625$236,042,847