Can I retire at age 68 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,207,674
2 years$629,563$617,838$606,475$595,457$584,770$564,334
3 years$415,540$403,764$392,429$381,515$371,002$351,109
4 years$308,549$296,809$285,588$274,860$264,602$245,405
5 years$244,371$232,702$221,628$211,119$201,146$182,701
6 years$201,600$190,019$179,108$168,834$159,160$141,488
7 years$171,061$159,577$148,840$138,807$129,440$112,546
8 years$148,168$136,787$126,228$116,442$107,383$91,264
9 years$130,371$119,098$108,720$99,183$90,432$75,079
10 years$116,142$104,979$94,785$85,497$77,052$62,453
11 years$104,507$93,457$83,447$74,408$66,268$52,406
12 years$94,819$83,882$74,057$65,265$57,426$44,285
13 years$86,627$75,805$66,165$57,620$50,077$37,636
14 years$79,612$68,904$59,450$51,148$43,897$32,135
15 years$73,538$62,945$53,675$45,615$38,650$27,546
16 years$68,228$57,751$48,664$40,844$34,159$23,689
17 years$63,548$53,187$44,283$36,698$30,288$20,428
18 years$59,392$49,147$40,424$33,072$26,931$17,658
19 years$55,678$45,549$37,006$29,883$24,004$15,293
20 years$52,340$42,326$33,963$27,065$21,441$13,268
21 years$49,323$39,425$31,239$24,563$19,187$11,527
22 years$46,585$36,802$28,792$22,334$17,198$10,028
23 years$44,088$34,420$26,584$20,340$15,438$8,732
24 years$41,803$32,249$24,586$18,551$13,876$7,612
25 years$39,704$30,264$22,771$16,942$12,487$6,640
26 years$37,769$28,444$21,119$15,491$11,247$5,797
27 years$35,981$26,769$19,611$14,179$10,141$5,064
28 years$34,323$25,224$18,231$12,991$9,150$4,426
29 years$32,783$23,796$16,966$11,913$8,262$3,870
30 years$31,348$22,473$15,803$10,933$7,465$3,385
31 years$30,008$21,244$14,732$10,041$6,749$2,962
32 years$28,754$20,101$13,746$9,228$6,105$2,593
33 years$27,579$19,036$12,834$8,486$5,525$2,270
34 years$26,475$18,042$11,992$7,808$5,003$1,988
35 years$25,437$17,113$11,211$7,188$4,531$1,741
36 years$24,459$16,242$10,488$6,620$4,105$1,525
37 years$23,535$15,427$9,817$6,099$3,721$1,337
38 years$22,663$14,661$9,193$5,622$3,373$1,171
39 years$21,837$13,941$8,613$5,183$3,059$1,027
40 years$21,054$13,264$8,073$4,781$2,775$900
41 years$20,312$12,626$7,570$4,411$2,517$789
42 years$19,606$12,024$7,101$4,071$2,284$692
43 years$18,936$11,457$6,663$3,758$2,073$606
44 years$18,297$10,921$6,254$3,470$1,882$532
45 years$17,689$10,414$5,873$3,204$1,708$466
46 years$17,109$9,934$5,516$2,960$1,551$409
47 years$16,555$9,481$5,182$2,735$1,408$358
48 years$16,026$9,050$4,869$2,527$1,279$314
49 years$15,520$8,643$4,577$2,335$1,162$276
50 years$15,036$8,256$4,303$2,159$1,055$242

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $15,400,000, adding $2,324 every year, while hoping to spend $23,900 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: 70/15/15 Blend
67$15,400,000$15,400,000$15,400,000$15,400,000
68$16,973,197$16,156,997$15,918,297$18,102,961
69$18,679,034$16,923,261$16,426,131$19,620,473
70$20,558,065$17,726,270$16,950,176$21,277,618
71$22,627,931$18,567,801$17,490,950$23,090,630
72$24,908,071$19,449,714$18,048,988$25,074,881
73$27,419,906$20,373,962$18,624,841$27,247,286
74$30,187,041$21,342,591$19,219,078$29,626,466
75$33,235,489$22,357,747$19,832,287$32,232,914
76$36,593,914$23,421,682$20,465,073$35,089,192
77$40,293,903$24,536,754$21,118,063$38,220,133
78$44,370,264$25,705,438$21,791,901$41,653,078
79$48,861,355$26,930,328$22,487,253$45,418,128
80$53,809,445$28,214,146$23,204,808$49,548,423
81$59,261,113$29,559,744$23,945,274$54,080,455
82$65,267,689$30,970,114$24,709,384$59,054,404
83$71,885,738$32,448,394$25,497,892$64,514,512
84$79,177,590$33,997,873$26,311,579$70,509,503
85$87,211,937$35,622,001$27,151,249$77,093,031
86$96,064,470$37,324,395$28,017,732$84,324,184
87$105,818,606$39,108,849$28,911,885$92,268,038
88$116,566,263$40,979,342$29,834,592$100,996,262
89$128,408,737$42,940,045$30,786,767$110,587,795
90$141,457,654$44,995,333$31,769,349$121,129,579
91$155,836,024$47,149,794$32,783,312$132,717,376
92$171,679,403$49,408,239$33,829,657$145,456,668
93$189,137,172$51,775,712$34,909,421$159,463,640
94$208,373,947$54,257,506$36,023,670$174,866,276
95$229,571,134$56,859,168$37,173,507$191,805,557
96$252,928,640$59,586,518$38,360,070$210,436,783
97$278,666,761$62,445,657$39,584,532$230,931,032
98$307,028,261$65,442,985$40,848,105$253,476,768
99$338,280,665$68,585,212$42,152,038$278,281,610
100$372,718,784$71,879,379$43,497,622$305,574,281