Can I retire at age 68 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,186,952
2 years$633,651$621,850$610,413$599,324$588,568$539,769
3 years$418,238$406,386$394,978$383,993$373,411$326,391
4 years$310,552$298,737$287,443$276,645$266,320$221,435
5 years$245,958$234,213$223,067$212,490$202,452$159,816
6 years$202,909$191,253$180,271$169,930$160,194$119,834
7 years$172,172$160,614$149,806$139,709$130,280$92,183
8 years$149,130$137,676$127,048$117,198$108,080$72,206
9 years$131,217$119,871$109,426$99,827$91,019$57,314
10 years$116,896$105,661$95,400$86,052$77,553$45,951
11 years$105,186$94,064$83,989$74,891$66,698$37,126
12 years$95,434$84,426$74,538$65,689$57,799$30,177
13 years$87,190$76,297$66,595$57,994$50,402$24,646
14 years$80,129$69,352$59,836$51,480$44,182$20,205
15 years$74,015$63,354$54,024$45,911$38,901$16,616
16 years$68,671$58,126$48,980$41,109$34,381$13,698
17 years$63,960$53,532$44,570$36,936$30,485$11,316
18 years$59,778$49,466$40,687$33,287$27,106$9,363
19 years$56,040$45,845$37,247$30,077$24,160$7,758
20 years$52,680$42,601$34,183$27,241$21,580$6,435
21 years$49,644$39,681$31,442$24,723$19,312$5,343
22 years$46,887$37,041$28,979$22,479$17,310$4,440
23 years$44,374$34,644$26,757$20,472$15,539$3,691
24 years$42,074$32,459$24,745$18,671$13,966$3,071
25 years$39,961$30,461$22,919$17,052$12,568$2,556
26 years$38,014$28,628$21,256$15,591$11,320$2,128
27 years$36,214$26,943$19,738$14,271$10,206$1,772
28 years$34,546$25,388$18,349$13,075$9,209$1,476
29 years$32,996$23,951$17,076$11,990$8,316$1,230
30 years$31,551$22,619$15,905$11,004$7,514$1,025
31 years$30,203$21,382$14,828$10,106$6,793$854
32 years$28,941$20,232$13,835$9,288$6,145$712
33 years$27,758$19,160$12,918$8,541$5,561$593
34 years$26,647$18,159$12,070$7,859$5,035$495
35 years$25,602$17,224$11,284$7,234$4,560$412
36 years$24,618$16,348$10,556$6,663$4,132$344
37 years$23,688$15,527$9,880$6,139$3,745$287
38 years$22,810$14,756$9,252$5,658$3,395$239
39 years$21,979$14,031$8,669$5,217$3,079$199
40 years$21,191$13,350$8,125$4,812$2,793$166
41 years$20,444$12,708$7,619$4,440$2,534$139
42 years$19,734$12,102$7,147$4,097$2,299$116
43 years$19,059$11,531$6,706$3,782$2,086$96
44 years$18,416$10,992$6,295$3,492$1,894$80
45 years$17,804$10,482$5,911$3,225$1,719$67
46 years$17,220$9,999$5,551$2,979$1,561$56
47 years$16,663$9,542$5,216$2,752$1,417$47
48 years$16,130$9,109$4,901$2,543$1,287$39
49 years$15,621$8,699$4,607$2,351$1,169$32
50 years$15,133$8,309$4,331$2,173$1,062$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $15,500,000, adding $6,935 every year, while hoping to spend $50,764 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: 47/39/14 Blend
67$15,500,000$15,500,000$15,500,000$15,500,000
68$17,088,153$16,266,653$16,026,403$17,823,836
69$18,777,133$17,009,707$16,509,275$19,076,871
70$20,636,686$17,787,469$17,006,622$20,430,282
71$22,684,159$18,601,586$17,518,875$21,898,057
72$24,938,664$19,453,784$18,046,478$23,490,867
73$27,421,262$20,345,873$18,589,889$25,220,426
74$30,155,158$21,279,749$19,149,578$27,099,598
75$33,165,925$22,257,397$19,726,029$29,142,509
76$36,481,740$23,280,901$20,319,743$31,364,680
77$40,133,655$24,352,442$20,931,231$33,783,159
78$44,155,885$25,474,309$21,561,024$36,416,680
79$48,586,133$26,648,897$22,209,666$39,285,832
80$53,465,946$27,878,721$22,877,718$42,413,243
81$58,841,107$29,166,413$23,565,756$45,823,785
82$64,762,066$30,514,733$24,274,374$49,544,805
83$71,284,416$31,926,575$25,004,186$53,606,369
84$78,469,420$33,404,970$25,755,819$58,041,538
85$86,384,584$34,953,097$26,529,923$62,886,672
86$95,104,301$36,574,289$27,327,165$68,181,762
87$104,710,547$38,272,036$28,148,232$73,970,793
88$115,293,656$40,049,999$28,993,831$80,302,154
89$126,953,176$41,912,015$29,864,691$87,229,080
90$139,798,802$43,862,107$30,761,561$94,810,140
91$153,951,420$45,904,489$31,685,212$103,109,784
92$169,544,238$48,043,583$32,636,440$112,198,927
93$186,724,051$50,284,019$33,616,062$122,155,615
94$205,652,624$52,630,656$34,624,920$133,065,741
95$226,508,217$55,088,584$35,663,880$145,023,842
96$249,487,270$57,663,139$36,733,835$158,133,974
97$274,806,256$60,359,917$37,835,702$172,510,679
98$302,703,723$63,184,782$38,970,428$188,280,049
99$333,442,550$66,143,883$40,138,984$205,580,893
100$367,312,423$69,243,667$41,342,373$224,566,035