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%12.1%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,248,836
2 years$645,915$633,886$622,227$610,924$599,959$588,796
3 years$426,333$414,251$402,622$391,425$380,639$369,736
4 years$316,563$304,519$293,006$281,999$271,475$260,917
5 years$250,719$238,746$227,385$216,603$206,371$196,189
6 years$206,836$194,954$183,761$173,219$163,294$153,501
7 years$175,504$163,722$152,706$142,413$132,802$123,401
8 years$152,016$140,340$129,507$119,467$110,172$101,164
9 years$133,757$122,191$111,544$101,759$92,781$84,163
10 years$119,158$107,706$97,247$87,717$79,054$70,821
11 years$107,222$95,884$85,614$76,340$67,989$60,134
12 years$97,282$86,060$75,981$66,961$58,918$51,434
13 years$88,877$77,773$67,884$59,116$51,377$44,256
14 years$81,680$70,694$60,994$52,477$45,037$38,269
15 years$75,448$64,580$55,069$46,800$39,654$33,230
16 years$70,000$59,251$49,928$41,904$35,047$28,956
17 years$65,198$54,568$45,433$37,651$31,075$25,307
18 years$60,935$50,423$41,474$33,931$27,630$22,175
19 years$57,124$46,732$37,968$30,659$24,627$19,473
20 years$53,699$43,425$34,845$27,768$21,998$17,133
21 years$50,604$40,449$32,051$25,201$19,685$15,098
22 years$47,795$37,758$29,540$22,914$17,645$13,325
23 years$45,233$35,314$27,275$20,868$15,839$11,775
24 years$42,889$33,087$25,224$19,033$14,237$10,416
25 years$40,735$31,051$23,363$17,382$12,811$9,223
26 years$38,750$29,182$21,668$15,893$11,540$8,174
27 years$36,915$27,464$20,120$14,547$10,404$7,249
28 years$35,215$25,879$18,705$13,328$9,388$6,433
29 years$33,634$24,414$17,406$12,222$8,477$5,713
30 years$32,162$23,057$16,213$11,217$7,659$5,075
31 years$30,787$21,796$15,115$10,302$6,925$4,511
32 years$29,501$20,624$14,103$9,468$6,264$4,011
33 years$28,295$19,531$13,168$8,707$5,669$3,568
34 years$27,163$18,511$12,303$8,011$5,133$3,175
35 years$26,098$17,557$11,503$7,374$4,649$2,826
36 years$25,094$16,664$10,760$6,792$4,212$2,516
37 years$24,147$15,827$10,072$6,258$3,817$2,240
38 years$23,251$15,042$9,432$5,768$3,461$1,995
39 years$22,404$14,303$8,836$5,318$3,138$1,777
40 years$21,601$13,608$8,282$4,905$2,847$1,583
41 years$20,839$12,954$7,766$4,526$2,583$1,411
42 years$20,116$12,337$7,285$4,177$2,343$1,257
43 years$19,428$11,754$6,836$3,856$2,127$1,121
44 years$18,773$11,204$6,417$3,560$1,930$999
45 years$18,149$10,684$6,025$3,288$1,753$890
46 years$17,553$10,192$5,659$3,037$1,591$794
47 years$16,985$9,727$5,316$2,806$1,445$708
48 years$16,442$9,285$4,996$2,593$1,312$631
49 years$15,923$8,867$4,696$2,396$1,192$563
50 years$15,426$8,470$4,415$2,215$1,082$502

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 $3,885 every year, while hoping to spend $53,973 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: 82/7/11 Blend
67$15,800,000$15,800,000$15,800,000$15,800,000
68$17,415,607$16,578,207$16,333,307$18,811,266
69$19,134,572$17,333,113$16,823,046$20,481,275
70$21,027,063$18,123,199$17,327,383$22,306,921
71$23,110,722$18,950,134$17,846,748$24,309,734
72$25,404,989$19,815,665$18,381,588$26,507,459
73$27,931,286$20,721,620$18,932,359$28,919,641
74$30,713,218$21,669,920$19,499,534$31,567,805
75$33,776,794$22,662,574$20,083,596$34,475,656
76$37,150,676$23,701,689$20,685,046$37,669,307
77$40,866,446$24,789,474$21,304,396$41,177,516
78$44,958,907$25,928,241$21,942,176$45,031,964
79$49,466,407$27,120,417$22,598,931$49,267,543
80$54,431,206$28,368,542$23,275,220$53,922,691
81$59,899,870$29,675,281$23,971,621$59,039,749
82$65,923,712$31,043,426$24,688,726$64,665,360
83$72,559,280$32,475,903$25,427,148$70,850,904
84$79,868,883$33,975,779$26,187,513$77,652,985
85$87,921,185$35,546,268$26,970,471$85,133,960
86$96,791,850$37,190,740$27,776,686$93,362,526
87$106,564,259$38,912,726$28,606,845$102,414,366
88$117,330,292$40,715,928$29,461,653$112,372,859
89$129,191,199$42,604,226$30,341,836$123,329,866
90$142,258,555$44,581,687$31,248,142$135,386,596
91$156,655,312$46,652,574$32,181,339$148,654,552
92$172,516,960$48,821,355$33,142,219$163,256,587
93$189,992,803$51,092,716$34,131,597$179,328,057
94$209,247,375$53,471,565$35,150,312$197,018,095
95$230,461,986$55,963,049$36,199,225$216,491,017
96$253,836,435$58,572,565$37,279,226$237,927,869
97$279,590,898$61,305,768$38,391,227$261,528,128
98$307,968,006$64,168,587$39,536,169$287,511,589
99$339,235,133$67,167,238$40,715,021$316,120,427
100$373,686,919$70,308,235$41,928,777$347,621,485