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

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,245,617
2 years$641,827$629,874$618,289$607,057$596,162$589,781
3 years$423,635$411,630$400,074$388,947$378,230$371,988
4 years$314,560$302,591$291,151$280,215$269,757$263,702
5 years$249,132$237,235$225,945$215,232$205,065$199,215
6 years$205,527$193,720$182,598$172,122$162,261$156,624
7 years$174,394$162,686$151,739$141,511$131,961$126,540
8 years$151,054$139,452$128,687$118,710$109,475$104,270
9 years$132,910$121,418$110,838$101,115$92,194$87,203
10 years$118,404$107,024$96,631$87,162$78,553$73,775
11 years$106,543$95,277$85,073$75,857$67,559$62,990
12 years$96,666$85,516$75,500$66,537$58,545$54,182
13 years$88,315$77,281$67,454$58,742$51,052$46,890
14 years$81,163$70,247$60,608$52,145$44,752$40,787
15 years$74,970$64,171$54,721$46,504$39,403$35,630
16 years$69,557$58,876$49,612$41,639$34,825$31,237
17 years$64,785$54,223$45,145$37,412$30,878$27,472
18 years$60,549$50,104$41,212$33,716$27,455$24,224
19 years$56,763$46,436$37,727$30,465$24,472$21,410
20 years$53,359$43,151$34,624$27,592$21,858$18,961
21 years$50,284$40,193$31,848$25,042$19,561$16,821
22 years$47,492$37,519$29,353$22,769$17,533$14,945
23 years$44,947$35,091$27,102$20,736$15,739$13,296
24 years$42,617$32,878$25,065$18,912$14,147$11,843
25 years$40,477$30,854$23,215$17,272$12,730$10,560
26 years$38,505$28,998$21,531$15,792$11,467$9,425
27 years$36,682$27,290$19,993$14,455$10,338$8,418
28 years$34,992$25,716$18,586$13,244$9,328$7,525
29 years$33,421$24,260$17,296$12,145$8,423$6,730
30 years$31,958$22,911$16,111$11,146$7,611$6,023
31 years$30,592$21,658$15,019$10,237$6,881$5,393
32 years$29,314$20,493$14,013$9,408$6,224$4,831
33 years$28,116$19,407$13,084$8,651$5,633$4,329
34 years$26,991$18,394$12,225$7,960$5,100$3,881
35 years$25,933$17,446$11,430$7,328$4,619$3,480
36 years$24,935$16,559$10,692$6,749$4,185$3,122
37 years$23,994$15,727$10,008$6,218$3,793$2,801
38 years$23,104$14,946$9,372$5,731$3,439$2,514
39 years$22,262$14,213$8,780$5,284$3,119$2,257
40 years$21,464$13,522$8,230$4,874$2,829$2,026
41 years$20,707$12,872$7,717$4,497$2,566$1,819
42 years$19,988$12,259$7,239$4,150$2,329$1,634
43 years$19,305$11,680$6,793$3,831$2,113$1,468
44 years$18,654$11,133$6,376$3,537$1,918$1,318
45 years$18,034$10,617$5,987$3,267$1,741$1,185
46 years$17,442$10,128$5,623$3,018$1,581$1,064
47 years$16,878$9,665$5,283$2,788$1,436$956
48 years$16,338$9,227$4,964$2,576$1,304$859
49 years$15,822$8,811$4,666$2,381$1,184$772
50 years$15,329$8,417$4,387$2,201$1,076$694

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 $6,497 every year, while hoping to spend $23,949 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: 40/49/11 Blend
67$15,700,000$15,700,000$15,700,000$15,700,000
68$17,308,102$16,476,002$16,232,652$17,943,191
69$19,048,046$17,257,844$16,750,964$19,173,162
70$20,964,663$18,077,194$17,285,837$20,500,023
71$23,075,946$18,935,865$17,837,800$21,934,848
72$25,401,727$19,835,756$18,407,400$23,487,419
73$27,963,856$20,778,861$18,995,201$25,168,455
74$30,786,413$21,767,269$19,601,785$26,989,712
75$33,895,934$22,803,172$20,227,751$28,964,081
76$37,321,660$23,888,868$20,873,721$31,105,702
77$41,095,812$25,026,765$21,540,333$33,430,091
78$45,253,898$26,219,390$22,228,249$35,954,273
79$49,835,049$27,469,393$22,938,148$38,696,936
80$54,882,382$28,779,552$23,670,734$41,678,594
81$60,443,415$30,152,780$24,426,733$44,921,773
82$66,570,508$31,592,131$25,206,894$48,451,209
83$73,321,363$33,100,809$26,011,988$52,294,071
84$80,759,567$34,682,173$26,842,814$56,480,205
85$88,955,189$36,339,745$27,700,195$61,042,403
86$97,985,446$38,077,221$28,584,979$66,016,697
87$107,935,430$39,898,473$29,498,044$71,442,687
88$118,898,909$41,807,563$30,440,294$77,363,896
89$130,979,216$43,808,752$31,412,662$83,828,169
90$144,290,222$45,906,507$32,416,112$90,888,106
91$158,957,410$48,105,512$33,451,638$98,601,543
92$175,119,064$50,410,680$34,520,266$107,032,076
93$192,927,569$52,827,164$35,623,055$116,249,644
94$212,550,852$55,360,365$36,761,098$126,331,172
95$234,173,966$58,015,951$37,935,522$137,361,272
96$258,000,841$60,799,862$39,147,492$149,433,023
97$284,256,202$63,718,331$40,398,209$162,648,823
98$313,187,697$66,777,892$41,688,911$177,121,335
99$345,068,232$69,985,398$43,020,879$192,974,525
100$380,198,546$73,348,037$44,395,433$210,344,803