Can I retire at age 68 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,237,007
2 years$645,915$633,886$622,227$610,924$599,959$576,962
3 years$426,333$414,251$402,622$391,425$380,639$358,269
4 years$316,563$304,519$293,006$281,999$271,475$249,904
5 years$250,719$238,746$227,385$216,603$206,371$185,661
6 years$206,836$194,954$183,761$173,219$163,294$143,468
7 years$175,504$163,722$152,706$142,413$132,802$113,866
8 years$152,016$140,340$129,507$119,467$110,172$92,121
9 years$133,757$122,191$111,544$101,759$92,781$75,603
10 years$119,158$107,706$97,247$87,717$79,054$62,735
11 years$107,222$95,884$85,614$76,340$67,989$52,511
12 years$97,282$86,060$75,981$66,961$58,918$44,259
13 years$88,877$77,773$67,884$59,116$51,377$37,514
14 years$81,680$70,694$60,994$52,477$45,037$31,945
15 years$75,448$64,580$55,069$46,800$39,654$27,308
16 years$70,000$59,251$49,928$41,904$35,047$23,419
17 years$65,198$54,568$45,433$37,651$31,075$20,138
18 years$60,935$50,423$41,474$33,931$27,630$17,356
19 years$57,124$46,732$37,968$30,659$24,627$14,987
20 years$53,699$43,425$34,845$27,768$21,998$12,964
21 years$50,604$40,449$32,051$25,201$19,685$11,229
22 years$47,795$37,758$29,540$22,914$17,645$9,738
23 years$45,233$35,314$27,275$20,868$15,839$8,454
24 years$42,889$33,087$25,224$19,033$14,237$7,346
25 years$40,735$31,051$23,363$17,382$12,811$6,388
26 years$38,750$29,182$21,668$15,893$11,540$5,559
27 years$36,915$27,464$20,120$14,547$10,404$4,840
28 years$35,215$25,879$18,705$13,328$9,388$4,217
29 years$33,634$24,414$17,406$12,222$8,477$3,675
30 years$32,162$23,057$16,213$11,217$7,659$3,204
31 years$30,787$21,796$15,115$10,302$6,925$2,794
32 years$29,501$20,624$14,103$9,468$6,264$2,438
33 years$28,295$19,531$13,168$8,707$5,669$2,127
34 years$27,163$18,511$12,303$8,011$5,133$1,857
35 years$26,098$17,557$11,503$7,374$4,649$1,621
36 years$25,094$16,664$10,760$6,792$4,212$1,415
37 years$24,147$15,827$10,072$6,258$3,817$1,236
38 years$23,251$15,042$9,432$5,768$3,461$1,079
39 years$22,404$14,303$8,836$5,318$3,138$943
40 years$21,601$13,608$8,282$4,905$2,847$824
41 years$20,839$12,954$7,766$4,526$2,583$719
42 years$20,116$12,337$7,285$4,177$2,343$629
43 years$19,428$11,754$6,836$3,856$2,127$549
44 years$18,773$11,204$6,417$3,560$1,930$480
45 years$18,149$10,684$6,025$3,288$1,753$419
46 years$17,553$10,192$5,659$3,037$1,591$366
47 years$16,985$9,727$5,316$2,806$1,445$320
48 years$16,442$9,285$4,996$2,593$1,312$280
49 years$15,923$8,867$4,696$2,396$1,192$245
50 years$15,426$8,470$4,415$2,215$1,082$214

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $15,800,000, adding $4,103 every year, while hoping to spend $25,404 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: 40/42/18 Blend
67$15,800,000$15,800,000$15,800,000$15,800,000
68$17,415,832$16,578,432$16,333,532$18,019,266
69$19,165,217$17,363,746$16,853,676$19,235,258
70$21,092,189$18,186,688$17,390,393$20,547,142
71$23,214,832$19,049,077$17,944,212$21,965,841
72$25,553,080$19,952,816$18,515,678$23,501,081
73$28,128,895$20,899,904$19,105,353$25,163,528
74$30,966,478$21,892,436$19,713,819$26,964,882
75$34,092,501$22,932,608$20,341,674$28,917,979
76$37,536,353$24,022,722$20,989,536$31,036,902
77$41,330,419$25,165,194$21,658,045$33,337,111
78$45,510,390$26,362,556$22,347,857$35,835,575
79$50,115,591$27,617,463$23,059,652$38,550,926
80$55,189,362$28,932,700$23,794,131$41,503,625
81$60,779,461$30,311,185$24,552,018$44,716,144
82$66,938,514$31,755,981$25,334,058$48,213,169
83$73,724,516$33,270,298$26,141,023$52,021,822
84$81,201,376$34,857,502$26,973,706$56,171,905
85$89,439,520$36,521,123$27,832,929$60,696,169
86$98,516,556$38,264,863$28,719,537$65,630,614
87$108,518,007$40,092,604$29,634,404$71,014,809
88$119,538,118$42,008,416$30,578,431$76,892,261
89$131,680,746$44,016,568$31,552,548$83,310,801
90$145,060,338$46,121,536$32,557,715$90,323,030
91$159,803,016$48,328,015$33,594,922$97,986,795
92$176,047,763$50,640,927$34,665,191$106,365,717
93$193,947,736$53,065,434$35,769,576$115,529,781
94$213,671,714$55,606,949$36,909,166$125,555,970
95$235,405,689$58,271,150$38,085,083$136,528,980
96$259,354,623$61,063,989$39,298,487$148,541,997
97$285,744,380$63,991,711$40,550,572$161,697,556
98$314,823,864$67,060,862$41,842,574$176,108,487
99$346,867,363$70,278,308$43,175,764$191,898,958
100$382,177,139$73,651,251$44,551,458$209,205,624