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

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,221,931
2 years$650,004$637,898$626,165$614,790$603,756$557,959
3 years$429,031$416,873$405,171$393,902$383,048$338,851
4 years$318,567$306,446$294,860$283,784$273,193$230,934
5 years$252,305$240,257$228,824$217,973$207,677$167,466
6 years$208,146$196,188$184,924$174,315$164,328$126,194
7 years$176,615$164,759$153,672$143,314$133,642$97,577
8 years$152,978$141,229$130,326$120,223$110,869$76,841
9 years$134,604$122,965$112,250$102,403$93,368$61,331
10 years$119,912$108,387$97,862$88,272$79,554$49,453
11 years$107,900$96,491$86,156$76,823$68,419$40,190
12 years$97,897$86,605$76,461$67,384$59,291$32,865
13 years$89,440$78,266$68,313$59,490$51,703$27,007
14 years$82,197$71,141$61,380$52,809$45,322$22,281
15 years$75,925$64,989$55,418$47,096$39,905$18,441
16 years$70,443$59,626$50,244$42,170$35,268$15,303
17 years$65,611$54,913$45,720$37,889$31,271$12,726
18 years$61,320$50,742$41,737$34,146$27,805$10,601
19 years$57,486$47,028$38,208$30,854$24,783$8,844
20 years$54,039$43,700$35,065$27,944$22,137$7,387
21 years$50,925$40,705$32,253$25,361$19,810$6,176
22 years$48,097$37,997$29,726$23,059$17,757$5,168
23 years$45,519$35,538$27,447$21,000$15,940$4,328
24 years$43,160$33,296$25,384$19,153$14,327$3,626
25 years$40,993$31,247$23,511$17,492$12,892$3,039
26 years$38,995$29,367$21,805$15,994$11,613$2,549
27 years$37,149$27,638$20,248$14,639$10,470$2,138
28 years$35,438$26,043$18,823$13,413$9,447$1,794
29 years$33,847$24,569$17,516$12,300$8,530$1,506
30 years$32,366$23,203$16,316$11,288$7,708$1,264
31 years$30,982$21,934$15,211$10,367$6,969$1,061
32 years$29,688$20,754$14,192$9,528$6,304$891
33 years$28,475$19,654$13,251$8,762$5,705$748
34 years$27,335$18,628$12,381$8,061$5,165$629
35 years$26,263$17,668$11,575$7,421$4,678$528
36 years$25,253$16,770$10,829$6,835$4,239$444
37 years$24,300$15,927$10,135$6,297$3,842$373
38 years$23,399$15,137$9,491$5,804$3,483$313
39 years$22,546$14,394$8,892$5,352$3,158$263
40 years$21,738$13,694$8,335$4,936$2,865$221
41 years$20,971$13,036$7,815$4,554$2,599$186
42 years$20,243$12,415$7,331$4,203$2,358$156
43 years$19,551$11,829$6,879$3,880$2,140$131
44 years$18,891$11,275$6,457$3,582$1,943$110
45 years$18,263$10,752$6,063$3,309$1,764$93
46 years$17,664$10,257$5,695$3,056$1,601$78
47 years$17,093$9,788$5,350$2,823$1,454$65
48 years$16,546$9,344$5,028$2,609$1,320$55
49 years$16,024$8,923$4,726$2,411$1,199$46
50 years$15,524$8,524$4,443$2,229$1,089$39

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 $5,207 every year, while hoping to spend $37,288 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: 67/13/20 Blend
67$15,900,000$15,900,000$15,900,000$15,900,000
68$17,527,171$16,684,471$16,438,021$18,613,574
69$19,275,268$17,462,336$16,949,021$20,119,633
70$21,200,422$18,277,067$17,475,889$21,761,161
71$23,320,652$19,130,430$18,019,118$23,555,375
72$25,655,816$20,024,278$18,579,216$25,517,294
73$28,227,795$20,960,554$19,156,705$27,663,448
74$31,060,701$21,941,292$19,752,126$30,012,028
75$34,181,104$22,968,626$20,366,034$32,583,057
76$37,618,282$24,044,795$20,999,002$35,398,578
77$41,404,501$25,172,144$21,651,622$38,482,854
78$45,575,311$26,353,131$22,324,503$41,862,596
79$50,169,893$27,590,334$23,018,274$45,567,214
80$55,231,417$28,886,456$23,733,581$49,629,085
81$60,807,460$30,244,330$24,471,094$54,083,860
82$66,950,445$31,666,926$25,231,500$58,970,795
83$73,718,145$33,157,360$26,015,510$64,333,116
84$81,174,220$34,718,895$26,823,854$70,218,423
85$89,388,826$36,354,956$27,657,288$76,679,137
86$98,439,268$38,069,131$28,516,589$83,772,988
87$108,410,738$39,865,183$29,402,560$91,563,553
88$119,397,114$41,747,058$30,316,026$100,120,856
89$131,501,848$43,718,892$31,257,841$109,522,021
90$144,838,940$45,785,021$32,228,883$119,851,991
91$159,534,019$47,949,994$33,230,058$131,204,331
92$175,725,523$50,218,579$34,262,299$143,682,099
93$193,566,011$52,595,773$35,326,570$157,398,815
94$213,223,597$55,086,819$36,423,864$172,479,526
95$234,883,544$57,697,213$37,555,203$189,061,979
96$258,750,006$60,432,717$38,721,643$207,297,915
97$285,047,960$63,299,374$39,924,271$227,354,490
98$314,025,327$66,303,518$41,164,209$249,415,853
99$345,955,314$69,451,794$42,442,613$273,684,865
100$381,138,990$72,751,166$43,760,675$300,385,018