Can I retire at age 68 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,213,893
2 years$637,739$625,862$614,351$603,190$592,365$562,248
3 years$420,936$409,008$397,526$386,470$375,821$346,601
4 years$312,556$300,664$289,297$278,430$268,038$239,941
5 years$247,545$235,724$224,506$213,861$203,758$176,861
6 years$204,218$192,487$181,434$171,026$161,227$135,557
7 years$173,283$161,650$150,773$140,610$131,121$106,681
8 years$150,092$138,564$127,867$117,954$108,777$85,558
9 years$132,064$120,645$110,132$100,471$91,606$69,589
10 years$117,650$106,342$96,016$86,607$78,053$57,212
11 years$105,864$94,670$84,531$75,374$67,128$47,435
12 years$96,050$84,971$75,019$66,113$58,172$39,592
13 years$87,752$76,789$67,024$58,368$50,727$33,226
14 years$80,646$69,799$60,222$51,813$44,467$28,006
15 years$74,493$63,763$54,372$46,208$39,152$23,692
16 years$69,114$58,501$49,296$41,374$34,603$20,104
17 years$64,373$53,877$44,858$37,174$30,681$17,101
18 years$60,163$49,785$40,949$33,501$27,280$14,578
19 years$56,401$46,140$37,487$30,271$24,316$12,449
20 years$53,019$42,876$34,404$27,417$21,719$10,647
21 years$49,964$39,937$31,645$24,882$19,436$9,117
22 years$47,190$37,280$29,166$22,624$17,422$7,816
23 years$44,661$34,867$26,929$20,604$15,639$6,706
24 years$42,346$32,668$24,905$18,792$14,057$5,759
25 years$40,219$30,657$23,067$17,162$12,649$4,949
26 years$38,260$28,813$21,394$15,692$11,394$4,255
27 years$36,448$27,116$19,866$14,363$10,272$3,660
28 years$34,769$25,552$18,468$13,160$9,269$3,150
29 years$33,209$24,105$17,186$12,068$8,369$2,712
30 years$31,755$22,765$16,008$11,075$7,562$2,335
31 years$30,398$21,520$14,924$10,172$6,837$2,011
32 years$29,128$20,362$13,924$9,348$6,185$1,733
33 years$27,937$19,284$13,001$8,596$5,597$1,493
34 years$26,819$18,277$12,147$7,909$5,068$1,287
35 years$25,768$17,335$11,357$7,281$4,590$1,110
36 years$24,776$16,453$10,624$6,706$4,159$957
37 years$23,841$15,627$9,944$6,178$3,769$825
38 years$22,957$14,851$9,312$5,695$3,417$711
39 years$22,120$14,122$8,725$5,251$3,099$613
40 years$21,328$13,436$8,177$4,843$2,811$529
41 years$20,576$12,790$7,668$4,468$2,550$456
42 years$19,861$12,181$7,193$4,124$2,314$394
43 years$19,182$11,606$6,749$3,807$2,100$339
44 years$18,535$11,063$6,335$3,515$1,906$293
45 years$17,919$10,549$5,949$3,246$1,730$253
46 years$17,331$10,063$5,587$2,998$1,571$218
47 years$16,770$9,604$5,249$2,770$1,427$188
48 years$16,234$9,168$4,933$2,560$1,296$162
49 years$15,722$8,755$4,636$2,366$1,177$140
50 years$15,231$8,363$4,359$2,187$1,069$121

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $15,600,000, adding $5,563 every year, while hoping to spend $41,765 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: 85/9/6 Blend
67$15,600,000$15,600,000$15,600,000$15,600,000
68$17,196,938$16,370,138$16,128,338$18,653,461
69$18,906,588$17,127,837$16,624,200$20,361,845
70$20,789,223$17,921,264$17,135,273$22,232,038
71$22,862,442$18,752,125$17,662,024$24,285,263
72$25,145,641$19,622,208$18,204,931$26,539,884
73$27,660,189$20,533,389$18,764,489$29,016,127
74$30,429,637$21,487,634$19,341,208$31,736,269
75$33,479,934$22,487,002$19,935,612$34,724,843
76$36,839,675$23,533,652$20,548,243$38,008,873
77$40,540,370$24,629,850$21,179,657$41,618,123
78$44,616,742$25,777,967$21,830,430$45,585,376
79$49,107,054$26,980,492$22,501,154$49,946,745
80$54,053,469$28,240,031$23,192,438$54,742,009
81$59,502,449$29,559,319$23,904,911$60,014,987
82$65,505,195$30,941,221$24,639,221$65,813,947
83$72,118,125$32,388,742$25,396,036$72,192,065
84$79,403,413$33,905,030$26,176,043$79,207,917
85$87,429,572$35,493,387$26,979,951$86,926,035
86$96,272,100$37,157,275$27,808,491$95,417,510
87$106,014,195$38,900,321$28,662,415$104,760,664
88$116,747,536$40,726,331$29,542,500$115,041,780
89$128,573,155$42,639,291$30,449,544$126,355,921
90$141,602,385$44,643,384$31,384,371$138,807,818
91$155,957,911$46,742,993$32,347,831$152,512,857
92$171,774,931$48,942,713$33,340,796$167,598,167
93$189,202,431$51,247,362$34,364,170$184,203,813
94$208,404,589$53,661,993$35,418,879$202,484,117
95$229,562,328$56,191,901$36,505,883$222,609,108
96$252,875,021$58,842,640$37,626,165$244,766,124
97$278,562,374$61,620,031$38,780,743$269,161,578
98$306,866,502$64,530,178$39,970,664$296,022,900
99$338,054,211$67,579,482$41,197,006$325,600,677
100$372,419,516$70,774,652$42,460,882$358,171,017