Can I retire at age 68 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,207,302
2 years$625,475$613,826$602,537$591,591$580,973$568,142
3 years$412,841$401,142$389,881$379,038$368,593$356,071
4 years$306,545$294,882$283,734$273,075$262,884$250,766
5 years$242,784$231,191$220,189$209,748$199,840$188,163
6 years$200,291$188,785$177,945$167,737$158,127$146,904
7 years$169,950$158,541$147,873$137,906$128,599$117,836
8 years$147,205$135,899$125,408$115,686$106,686$96,382
9 years$129,524$118,325$108,014$98,539$89,845$79,996
10 years$115,387$104,297$94,169$84,941$76,552$67,152
11 years$103,829$92,850$82,905$73,924$65,837$56,879
12 years$94,203$83,337$73,576$64,842$57,053$48,527
13 years$86,065$75,312$65,735$57,245$49,752$41,647
14 years$79,095$68,457$59,064$50,816$43,612$35,918
15 years$73,060$62,537$53,326$45,319$38,399$31,105
16 years$67,785$57,376$48,348$40,578$33,937$27,030
17 years$63,135$52,841$43,995$36,459$30,091$23,557
18 years$59,006$48,828$40,162$32,857$26,756$20,583
19 years$55,316$45,253$36,766$29,689$23,848$18,023
20 years$52,000$42,051$33,742$26,889$21,302$15,811
21 years$49,003$39,169$31,036$24,404$19,062$13,892
22 years$46,282$36,563$28,605$22,189$17,087$12,223
23 years$43,802$34,197$26,411$20,208$15,338$10,768
24 years$41,531$32,040$24,426$18,431$13,786$9,497
25 years$39,446$30,068$22,623$16,832$12,405$8,383
26 years$37,524$28,259$20,982$15,390$11,174$7,406
27 years$35,747$26,595$19,484$14,087$10,075$6,547
28 years$34,100$25,060$18,113$12,907$9,091$5,792
29 years$32,570$23,642$16,855$11,836$8,209$5,126
30 years$31,144$22,327$15,700$10,862$7,417$4,540
31 years$29,813$21,106$14,637$9,976$6,706$4,022
32 years$28,568$19,971$13,656$9,168$6,066$3,564
33 years$27,400$18,913$12,751$8,431$5,489$3,160
34 years$26,304$17,925$11,914$7,757$4,970$2,802
35 years$25,272$17,002$11,139$7,141$4,502$2,486
36 years$24,300$16,137$10,420$6,577$4,079$2,206
37 years$23,383$15,326$9,753$6,060$3,697$1,957
38 years$22,516$14,566$9,133$5,585$3,351$1,737
39 years$21,695$13,850$8,557$5,150$3,039$1,542
40 years$20,918$13,178$8,020$4,750$2,757$1,369
41 years$20,180$12,544$7,520$4,382$2,501$1,216
42 years$19,479$11,946$7,054$4,044$2,269$1,080
43 years$18,813$11,382$6,620$3,734$2,059$959
44 years$18,179$10,850$6,214$3,447$1,869$852
45 years$17,574$10,346$5,834$3,184$1,697$757
46 years$16,998$9,870$5,480$2,941$1,541$672
47 years$16,448$9,419$5,148$2,717$1,399$597
48 years$15,922$8,992$4,838$2,511$1,271$531
49 years$15,419$8,587$4,547$2,320$1,154$472
50 years$14,938$8,202$4,275$2,145$1,048$419

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $15,300,000, adding $3,767 every year, while hoping to spend $54,865 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: 30/45/25 Blend
67$15,300,000$15,300,000$15,300,000$15,300,000
68$16,864,486$16,053,586$15,816,436$17,239,829
69$18,526,287$16,781,835$16,287,910$18,258,607
70$20,355,754$17,543,931$16,773,341$19,348,711
71$22,369,929$18,341,472$17,273,136$20,520,327
72$24,587,594$19,176,136$17,787,718$21,780,565
73$27,029,442$20,049,680$18,317,520$23,137,207
74$29,718,277$20,963,947$18,862,989$24,598,778
75$32,679,227$21,920,865$19,424,584$26,174,614
76$35,939,977$22,922,457$20,002,778$27,874,946
77$39,531,040$23,970,843$20,598,056$29,710,986
78$43,486,035$25,068,242$21,210,919$31,695,028
79$47,842,008$26,216,984$21,841,883$33,840,549
80$52,639,783$27,419,506$22,491,476$36,162,336
81$57,924,345$28,678,366$23,160,244$38,676,607
82$63,745,263$29,996,241$23,848,748$41,401,161
83$70,157,164$31,375,941$24,557,565$44,355,531
84$77,220,240$32,820,407$25,287,288$47,561,160
85$85,000,821$34,332,724$26,038,529$51,041,590
86$93,572,002$35,916,124$26,811,917$54,822,675
87$103,014,327$37,573,995$27,608,097$58,932,809
88$113,416,556$39,309,889$28,427,736$63,403,185
89$124,876,498$41,127,526$29,271,518$68,268,072
90$137,501,934$43,030,809$30,140,148$73,565,126
91$151,411,638$45,023,825$31,034,349$79,335,732
92$166,736,494$47,110,861$31,954,868$85,625,376
93$183,620,732$49,296,409$32,902,472$92,484,059
94$202,223,292$51,585,178$33,877,950$99,966,754
95$222,719,320$53,982,104$34,882,114$108,133,905
96$245,301,825$56,492,361$35,915,799$117,051,977
97$270,183,497$59,121,372$36,979,864$126,794,070
98$297,598,717$61,874,823$38,075,192$137,440,581
99$327,805,769$64,758,673$39,202,695$149,079,948
100$361,089,278$67,779,168$40,363,306$161,809,458