Can I retire at age 68 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,234,250
2 years$641,827$629,874$618,289$607,057$596,162$578,374
3 years$423,635$411,630$400,074$388,947$378,230$360,897
4 years$314,560$302,591$291,151$280,215$269,757$253,012
5 years$249,132$237,235$225,945$215,232$205,065$188,957
6 years$205,527$193,720$182,598$172,122$162,261$146,809
7 years$174,394$162,686$151,739$141,511$131,961$117,171
8 years$151,054$139,452$128,687$118,710$109,475$95,344
9 years$132,910$121,418$110,838$101,115$92,194$78,715
10 years$118,404$107,024$96,631$87,162$78,553$65,718
11 years$106,543$95,277$85,073$75,857$67,559$55,353
12 years$96,666$85,516$75,500$66,537$58,545$46,955
13 years$88,315$77,281$67,454$58,742$51,052$40,063
14 years$81,163$70,247$60,608$52,145$44,752$34,346
15 years$74,970$64,171$54,721$46,504$39,403$29,562
16 years$69,557$58,876$49,612$41,639$34,825$25,529
17 years$64,785$54,223$45,145$37,412$30,878$22,109
18 years$60,549$50,104$41,212$33,716$27,455$19,194
19 years$56,763$46,436$37,727$30,465$24,472$16,697
20 years$53,359$43,151$34,624$27,592$21,858$14,550
21 years$50,284$40,193$31,848$25,042$19,561$12,699
22 years$47,492$37,519$29,353$22,769$17,533$11,098
23 years$44,947$35,091$27,102$20,736$15,739$9,709
24 years$42,617$32,878$25,065$18,912$14,147$8,503
25 years$40,477$30,854$23,215$17,272$12,730$7,453
26 years$38,505$28,998$21,531$15,792$11,467$6,537
27 years$36,682$27,290$19,993$14,455$10,338$5,738
28 years$34,992$25,716$18,586$13,244$9,328$5,039
29 years$33,421$24,260$17,296$12,145$8,423$4,428
30 years$31,958$22,911$16,111$11,146$7,611$3,892
31 years$30,592$21,658$15,019$10,237$6,881$3,423
32 years$29,314$20,493$14,013$9,408$6,224$3,011
33 years$28,116$19,407$13,084$8,651$5,633$2,650
34 years$26,991$18,394$12,225$7,960$5,100$2,332
35 years$25,933$17,446$11,430$7,328$4,619$2,053
36 years$24,935$16,559$10,692$6,749$4,185$1,808
37 years$23,994$15,727$10,008$6,218$3,793$1,592
38 years$23,104$14,946$9,372$5,731$3,439$1,402
39 years$22,262$14,213$8,780$5,284$3,119$1,235
40 years$21,464$13,522$8,230$4,874$2,829$1,089
41 years$20,707$12,872$7,717$4,497$2,566$959
42 years$19,988$12,259$7,239$4,150$2,329$845
43 years$19,305$11,680$6,793$3,831$2,113$745
44 years$18,654$11,133$6,376$3,537$1,918$657
45 years$18,034$10,617$5,987$3,267$1,741$579
46 years$17,442$10,128$5,623$3,018$1,581$510
47 years$16,878$9,665$5,283$2,788$1,436$450
48 years$16,338$9,227$4,964$2,576$1,304$396
49 years$15,822$8,811$4,666$2,381$1,184$349
50 years$15,329$8,417$4,387$2,201$1,076$308

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $15,700,000, adding $3,109 every year, while hoping to spend $39,272 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: 56/36/8 Blend
67$15,700,000$15,700,000$15,700,000$15,700,000
68$17,304,607$16,472,507$16,229,157$18,241,275
69$19,027,892$17,237,875$16,731,049$19,638,762
70$20,925,635$18,039,429$17,248,437$21,155,477
71$23,015,591$18,878,902$17,781,801$22,806,452
72$25,317,322$19,758,109$18,331,632$24,604,489
73$27,852,385$20,678,952$18,898,437$26,563,649
74$30,644,534$21,643,427$19,482,741$28,699,390
75$33,719,945$22,653,623$20,085,082$31,028,699
76$37,107,463$23,711,734$20,706,015$33,570,251
77$40,838,872$24,820,057$21,346,115$36,344,575
78$44,949,198$25,981,001$22,005,971$39,374,246
79$49,477,038$27,197,092$22,686,192$42,684,086
80$54,464,922$28,470,975$23,387,406$46,301,394
81$59,959,719$29,805,428$24,110,259$50,256,195
82$66,013,075$31,203,359$24,855,418$54,581,514
83$72,681,904$32,667,819$25,623,570$59,313,684
84$80,028,922$34,202,006$26,415,423$64,492,674
85$88,123,240$35,809,272$27,231,707$70,162,460
86$97,041,016$37,493,132$28,073,175$76,371,431
87$106,866,175$39,257,271$28,940,602$83,172,834
88$117,691,201$41,105,553$29,834,787$90,625,268
89$129,618,006$43,042,027$30,756,555$98,793,224
90$142,758,897$45,070,942$31,706,755$107,747,682
91$157,237,636$47,196,749$32,686,262$117,566,772
92$173,190,601$49,424,116$33,695,978$128,336,494
93$190,768,083$51,757,938$34,736,834$140,151,520
94$210,135,697$54,203,347$35,809,788$153,116,073
95$231,475,950$56,765,723$36,915,827$167,344,894
96$254,989,960$59,450,707$38,055,971$182,964,313
97$280,899,359$62,264,214$39,231,269$200,113,423
98$309,448,380$65,212,447$40,442,803$218,945,378
99$340,906,165$68,301,907$41,691,687$239,628,818
100$375,569,307$71,539,414$42,979,072$262,349,448