Can I retire at age 68 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,260,955
2 years$650,004$637,898$626,165$614,790$603,756$596,761
3 years$429,031$416,873$405,171$393,902$383,048$376,206
4 years$318,567$306,446$294,860$283,784$273,193$266,557
5 years$252,305$240,257$228,824$217,973$207,677$201,268
6 years$208,146$196,188$184,924$174,315$164,328$158,153
7 years$176,615$164,759$153,672$143,314$133,642$127,705
8 years$152,978$141,229$130,326$120,223$110,869$105,170
9 years$134,604$122,965$112,250$102,403$93,368$87,905
10 years$119,912$108,387$97,862$88,272$79,554$74,325
11 years$107,900$96,491$86,156$76,823$68,419$63,420
12 years$97,897$86,605$76,461$67,384$59,291$54,518
13 years$89,440$78,266$68,313$59,490$51,703$47,151
14 years$82,197$71,141$61,380$52,809$45,322$40,987
15 years$75,925$64,989$55,418$47,096$39,905$35,781
16 years$70,443$59,626$50,244$42,170$35,268$31,349
17 years$65,611$54,913$45,720$37,889$31,271$27,550
18 years$61,320$50,742$41,737$34,146$27,805$24,277
19 years$57,486$47,028$38,208$30,854$24,783$21,441
20 years$54,039$43,700$35,065$27,944$22,137$18,974
21 years$50,925$40,705$32,253$25,361$19,810$16,821
22 years$48,097$37,997$29,726$23,059$17,757$14,934
23 years$45,519$35,538$27,447$21,000$15,940$13,276
24 years$43,160$33,296$25,384$19,153$14,327$11,817
25 years$40,993$31,247$23,511$17,492$12,892$10,528
26 years$38,995$29,367$21,805$15,994$11,613$9,389
27 years$37,149$27,638$20,248$14,639$10,470$8,380
28 years$35,438$26,043$18,823$13,413$9,447$7,484
29 years$33,847$24,569$17,516$12,300$8,530$6,689
30 years$32,366$23,203$16,316$11,288$7,708$5,981
31 years$30,982$21,934$15,211$10,367$6,969$5,351
32 years$29,688$20,754$14,192$9,528$6,304$4,790
33 years$28,475$19,654$13,251$8,762$5,705$4,289
34 years$27,335$18,628$12,381$8,061$5,165$3,841
35 years$26,263$17,668$11,575$7,421$4,678$3,442
36 years$25,253$16,770$10,829$6,835$4,239$3,085
37 years$24,300$15,927$10,135$6,297$3,842$2,766
38 years$23,399$15,137$9,491$5,804$3,483$2,480
39 years$22,546$14,394$8,892$5,352$3,158$2,224
40 years$21,738$13,694$8,335$4,936$2,865$1,995
41 years$20,971$13,036$7,815$4,554$2,599$1,790
42 years$20,243$12,415$7,331$4,203$2,358$1,606
43 years$19,551$11,829$6,879$3,880$2,140$1,442
44 years$18,891$11,275$6,457$3,582$1,943$1,294
45 years$18,263$10,752$6,063$3,309$1,764$1,162
46 years$17,664$10,257$5,695$3,056$1,601$1,043
47 years$17,093$9,788$5,350$2,823$1,454$936
48 years$16,546$9,344$5,028$2,609$1,320$841
49 years$16,024$8,923$4,726$2,411$1,199$755
50 years$15,524$8,524$4,443$2,229$1,089$678

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $15,900,000, adding $2,767 every year, while hoping to spend $25,942 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: 60/25/15 Blend
67$15,900,000$15,900,000$15,900,000$15,900,000
68$17,524,654$16,681,954$16,435,504$18,509,834
69$19,284,567$17,471,768$16,958,491$19,964,083
70$21,223,121$18,299,413$17,498,129$21,546,630
71$23,358,511$19,166,716$18,054,948$23,272,392
72$25,710,786$20,075,591$18,629,496$25,155,210
73$28,302,038$21,028,047$19,222,336$27,210,308
74$31,156,614$22,026,190$19,834,052$29,454,425
75$34,301,341$23,072,226$20,465,245$31,905,972
76$37,765,783$24,168,470$21,116,537$34,585,199
77$41,582,518$25,317,350$21,788,566$37,514,384
78$45,787,446$26,521,411$22,481,993$40,718,034
79$50,420,126$27,783,322$23,197,501$44,223,110
80$55,524,155$29,105,880$23,935,793$48,059,281
81$61,147,572$30,492,021$24,697,595$52,259,194
82$67,343,315$31,944,821$25,483,656$56,858,775
83$74,169,723$33,467,507$26,294,748$61,897,562
84$81,691,083$35,063,463$27,131,670$67,419,074
85$89,978,237$36,736,236$27,995,245$73,471,209
86$99,109,252$38,489,547$28,886,320$80,106,693
87$109,170,158$40,327,297$29,805,774$87,383,568
88$120,255,757$42,253,577$30,754,510$95,365,730
89$132,470,519$44,272,678$31,733,462$104,123,525
90$145,929,571$46,389,097$32,743,591$113,734,403
91$160,759,778$48,607,554$33,785,893$124,283,640
92$177,100,946$50,932,995$34,861,391$135,865,131
93$195,107,139$53,370,608$35,971,144$148,582,268
94$214,948,133$55,925,834$37,116,243$162,548,904
95$236,811,021$58,604,378$38,297,815$177,890,415
96$260,901,976$61,412,223$39,517,023$194,744,873
97$287,448,199$64,355,644$40,775,065$213,264,333
98$316,700,066$67,441,221$42,073,180$233,616,263
99$348,933,485$70,675,853$43,412,644$255,985,100
100$384,452,509$74,066,778$44,794,776$280,573,987