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%18.1%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,226,321
2 years$650,004$637,898$626,165$614,790$603,756$562,275
3 years$429,031$416,873$405,171$393,902$383,048$342,954
4 years$318,567$306,446$294,860$283,784$273,193$234,794
5 years$252,305$240,257$228,824$217,973$207,677$171,075
6 years$208,146$196,188$184,924$174,315$164,328$129,553
7 years$176,615$164,759$153,672$143,314$133,642$100,691
8 years$152,978$141,229$130,326$120,223$110,869$79,716
9 years$134,604$122,965$112,250$102,403$93,368$63,978
10 years$119,912$108,387$97,862$88,272$79,554$51,881
11 years$107,900$96,491$86,156$76,823$68,419$42,410
12 years$97,897$86,605$76,461$67,384$59,291$34,889
13 years$89,440$78,266$68,313$59,490$51,703$28,847
14 years$82,197$71,141$61,380$52,809$45,322$23,949
15 years$75,925$64,989$55,418$47,096$39,905$19,948
16 years$70,443$59,626$50,244$42,170$35,268$16,662
17 years$65,611$54,913$45,720$37,889$31,271$13,948
18 years$61,320$50,742$41,737$34,146$27,805$11,697
19 years$57,486$47,028$38,208$30,854$24,783$9,825
20 years$54,039$43,700$35,065$27,944$22,137$8,263
21 years$50,925$40,705$32,253$25,361$19,810$6,957
22 years$48,097$37,997$29,726$23,059$17,757$5,863
23 years$45,519$35,538$27,447$21,000$15,940$4,944
24 years$43,160$33,296$25,384$19,153$14,327$4,172
25 years$40,993$31,247$23,511$17,492$12,892$3,523
26 years$38,995$29,367$21,805$15,994$11,613$2,976
27 years$37,149$27,638$20,248$14,639$10,470$2,514
28 years$35,438$26,043$18,823$13,413$9,447$2,125
29 years$33,847$24,569$17,516$12,300$8,530$1,797
30 years$32,366$23,203$16,316$11,288$7,708$1,520
31 years$30,982$21,934$15,211$10,367$6,969$1,285
32 years$29,688$20,754$14,192$9,528$6,304$1,087
33 years$28,475$19,654$13,251$8,762$5,705$920
34 years$27,335$18,628$12,381$8,061$5,165$779
35 years$26,263$17,668$11,575$7,421$4,678$659
36 years$25,253$16,770$10,829$6,835$4,239$558
37 years$24,300$15,927$10,135$6,297$3,842$472
38 years$23,399$15,137$9,491$5,804$3,483$400
39 years$22,546$14,394$8,892$5,352$3,158$338
40 years$21,738$13,694$8,335$4,936$2,865$286
41 years$20,971$13,036$7,815$4,554$2,599$242
42 years$20,243$12,415$7,331$4,203$2,358$205
43 years$19,551$11,829$6,879$3,880$2,140$174
44 years$18,891$11,275$6,457$3,582$1,943$147
45 years$18,263$10,752$6,063$3,309$1,764$125
46 years$17,664$10,257$5,695$3,056$1,601$105
47 years$17,093$9,788$5,350$2,823$1,454$89
48 years$16,546$9,344$5,028$2,609$1,320$76
49 years$16,024$8,923$4,726$2,411$1,199$64
50 years$15,524$8,524$4,443$2,229$1,089$54

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 $2,259 every year, while hoping to spend $23,094 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: 50/38/12 Blend
67$15,900,000$15,900,000$15,900,000$15,900,000
68$17,524,130$16,681,430$16,434,980$18,343,442
69$19,287,020$17,474,248$16,960,980$19,698,043
70$21,228,950$18,305,141$17,503,827$21,166,638
71$23,368,158$19,175,948$18,064,061$22,762,002
72$25,724,743$20,088,602$18,642,239$24,496,048
73$28,320,849$21,045,126$19,238,937$26,381,858
74$31,180,882$22,047,644$19,854,748$28,433,797
75$34,331,735$23,098,381$20,490,285$30,667,647
76$37,803,042$24,199,672$21,146,180$33,100,747
77$41,627,461$25,353,965$21,823,085$35,752,147
78$45,840,979$26,563,826$22,521,675$38,642,782
79$50,483,252$27,831,947$23,242,645$41,795,663
80$55,597,982$29,161,150$23,986,711$45,236,083
81$61,233,325$30,554,395$24,754,615$48,991,848
82$67,442,351$32,014,787$25,547,121$53,093,532
83$74,283,538$33,545,580$26,365,018$57,574,751
84$81,821,332$35,150,186$27,209,119$62,472,478
85$90,126,749$36,832,186$28,080,265$67,827,371
86$99,278,046$38,595,332$28,979,323$73,684,156
87$109,361,465$40,443,561$29,907,188$80,092,031
88$120,472,040$42,381,001$30,864,784$87,105,121
89$132,714,498$44,411,980$31,853,064$94,782,973
90$146,204,247$46,541,037$32,873,013$103,191,110
91$161,068,466$48,772,934$33,925,645$112,401,630
92$177,447,304$51,112,663$35,012,008$122,493,876
93$195,495,205$53,565,458$36,133,186$133,555,168
94$215,382,361$56,136,812$37,290,293$145,681,608
95$237,296,327$58,832,481$38,484,483$158,978,978
96$261,443,784$61,658,504$39,716,945$173,563,714
97$288,052,494$64,621,214$40,988,906$189,563,989
98$317,373,447$67,727,252$42,301,633$207,120,903
99$349,683,235$70,983,584$43,656,434$226,389,797
100$385,286,658$74,397,513$45,054,658$247,541,697