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%12.6%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,238,351
2 years$641,827$629,874$618,289$607,057$596,162$582,479
3 years$423,635$411,630$400,074$388,947$378,230$364,878
4 years$314,560$302,591$291,151$280,215$269,757$256,839
5 years$249,132$237,235$225,945$215,232$205,065$192,619
6 years$205,527$193,720$182,598$172,122$162,261$150,302
7 years$174,394$162,686$151,739$141,511$131,961$120,495
8 years$151,054$139,452$128,687$118,710$109,475$98,500
9 years$132,910$121,418$110,838$101,115$92,194$81,706
10 years$118,404$107,024$96,631$87,162$78,553$68,546
11 years$106,543$95,277$85,073$75,857$67,559$58,024
12 years$96,666$85,516$75,500$66,537$58,545$49,472
13 years$88,315$77,281$67,454$58,742$51,052$42,431
14 years$81,163$70,247$60,608$52,145$44,752$36,570
15 years$74,970$64,171$54,721$46,504$39,403$31,648
16 years$69,557$58,876$49,612$41,639$34,825$27,483
17 years$64,785$54,223$45,145$37,412$30,878$23,935
18 years$60,549$50,104$41,212$33,716$27,455$20,898
19 years$56,763$46,436$37,727$30,465$24,472$18,286
20 years$53,359$43,151$34,624$27,592$21,858$16,029
21 years$50,284$40,193$31,848$25,042$19,561$14,074
22 years$47,492$37,519$29,353$22,769$17,533$12,374
23 years$44,947$35,091$27,102$20,736$15,739$10,893
24 years$42,617$32,878$25,065$18,912$14,147$9,599
25 years$40,477$30,854$23,215$17,272$12,730$8,466
26 years$38,505$28,998$21,531$15,792$11,467$7,474
27 years$36,682$27,290$19,993$14,455$10,338$6,602
28 years$34,992$25,716$18,586$13,244$9,328$5,836
29 years$33,421$24,260$17,296$12,145$8,423$5,161
30 years$31,958$22,911$16,111$11,146$7,611$4,567
31 years$30,592$21,658$15,019$10,237$6,881$4,042
32 years$29,314$20,493$14,013$9,408$6,224$3,580
33 years$28,116$19,407$13,084$8,651$5,633$3,171
34 years$26,991$18,394$12,225$7,960$5,100$2,810
35 years$25,933$17,446$11,430$7,328$4,619$2,490
36 years$24,935$16,559$10,692$6,749$4,185$2,208
37 years$23,994$15,727$10,008$6,218$3,793$1,958
38 years$23,104$14,946$9,372$5,731$3,439$1,736
39 years$22,262$14,213$8,780$5,284$3,119$1,540
40 years$21,464$13,522$8,230$4,874$2,829$1,366
41 years$20,707$12,872$7,717$4,497$2,566$1,212
42 years$19,988$12,259$7,239$4,150$2,329$1,075
43 years$19,305$11,680$6,793$3,831$2,113$954
44 years$18,654$11,133$6,376$3,537$1,918$847
45 years$18,034$10,617$5,987$3,267$1,741$752
46 years$17,442$10,128$5,623$3,018$1,581$667
47 years$16,878$9,665$5,283$2,788$1,436$592
48 years$16,338$9,227$4,964$2,576$1,304$526
49 years$15,822$8,811$4,666$2,381$1,184$467
50 years$15,329$8,417$4,387$2,201$1,076$414

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 $6,978 every year, while hoping to spend $56,642 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: 55/22/23 Blend
67$15,700,000$15,700,000$15,700,000$15,700,000
68$17,308,598$16,476,498$16,233,148$18,151,351
69$19,013,808$17,223,580$16,716,692$19,477,263
70$20,891,052$18,005,370$17,214,536$20,913,963
71$22,957,816$18,823,510$17,727,099$22,477,424
72$25,233,370$19,679,719$18,254,814$24,179,825
73$27,738,947$20,575,798$18,798,124$26,034,555
74$30,497,943$21,513,637$19,357,485$28,056,341
75$33,536,141$22,495,212$19,933,368$30,261,376
76$36,881,948$23,522,598$20,526,257$32,667,473
77$40,566,669$24,597,968$21,136,648$35,294,225
78$44,624,798$25,723,597$21,765,055$38,163,187
79$49,094,347$26,901,873$22,412,004$41,298,073
80$54,017,201$28,135,295$23,078,037$44,724,976
81$59,439,516$29,426,485$23,763,711$48,472,610
82$65,412,153$30,778,189$24,469,602$52,572,570
83$71,991,157$32,193,285$25,196,299$57,059,632
84$79,238,290$33,674,791$25,944,409$61,972,069
85$87,221,607$35,225,867$26,714,558$67,352,009
86$96,016,104$36,849,828$27,507,389$73,245,823
87$105,704,424$38,550,146$28,323,564$79,704,562
88$116,377,634$40,330,463$29,163,763$86,784,423
89$128,136,090$42,194,592$30,028,686$94,547,279
90$141,090,378$44,146,535$30,919,054$103,061,251
91$155,362,363$46,190,481$31,835,608$112,401,344
92$171,086,334$48,330,825$32,779,111$122,650,147
93$188,410,276$50,572,171$33,750,347$133,898,602
94$207,497,264$52,919,347$34,750,124$146,246,857
95$228,527,003$55,377,413$35,779,270$159,805,195
96$251,697,522$57,951,671$36,838,642$174,695,069
97$277,227,050$60,647,683$37,929,116$191,050,239
98$305,356,064$63,471,275$39,051,597$209,018,021
99$336,349,572$66,428,557$40,207,015$228,760,664
100$370,499,604$69,525,932$41,396,325$250,456,875