Can I retire at age 68 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,228,640
2 years$654,092$641,910$630,104$618,657$607,554$560,511
3 years$431,730$419,495$407,719$396,379$385,457$340,074
4 years$320,570$308,373$296,715$285,569$274,911$231,533
5 years$253,892$241,768$230,263$219,344$208,983$167,724
6 years$209,455$197,422$186,087$175,411$165,361$126,249
7 years$177,726$165,795$154,639$144,215$134,483$97,508
8 years$153,940$142,117$131,146$120,979$111,567$76,696
9 years$135,450$123,738$112,956$103,047$93,955$61,140
10 years$120,667$109,069$98,478$88,828$80,054$49,237
11 years$108,579$97,098$86,698$77,307$68,850$39,962
12 years$98,513$87,150$76,942$67,808$59,664$32,635
13 years$90,002$78,758$68,743$59,865$52,028$26,782
14 years$82,714$71,589$61,766$53,141$45,607$22,064
15 years$76,403$65,398$55,766$47,392$40,156$18,236
16 years$70,886$60,001$50,560$42,435$35,490$15,110
17 years$66,023$55,259$46,008$38,127$31,468$12,547
18 years$61,706$51,062$41,999$34,360$27,980$10,436
19 years$57,847$47,323$38,448$31,048$24,939$8,693
20 years$54,379$43,975$35,286$28,120$22,276$7,250
21 years$51,245$40,961$32,456$25,520$19,935$6,052
22 years$48,400$38,236$29,913$23,204$17,869$5,057
23 years$45,806$35,761$27,620$21,132$16,040$4,228
24 years$43,431$33,506$25,544$19,274$14,417$3,536
25 years$41,250$31,444$23,659$17,602$12,973$2,960
26 years$39,241$29,552$21,942$16,094$11,686$2,478
27 years$37,383$27,812$20,375$14,731$10,536$2,075
28 years$35,661$26,207$18,941$13,497$9,506$1,739
29 years$34,060$24,723$17,627$12,377$8,584$1,457
30 years$32,569$23,348$16,418$11,359$7,756$1,221
31 years$31,177$22,072$15,306$10,433$7,012$1,023
32 years$29,875$20,885$14,281$9,588$6,343$858
33 years$28,654$19,778$13,334$8,817$5,741$719
34 years$27,507$18,745$12,459$8,112$5,197$603
35 years$26,428$17,779$11,648$7,468$4,708$506
36 years$25,412$16,875$10,897$6,878$4,265$424
37 years$24,452$16,028$10,199$6,337$3,866$356
38 years$23,546$15,232$9,551$5,841$3,505$298
39 years$22,688$14,484$8,948$5,385$3,178$250
40 years$21,875$13,780$8,387$4,967$2,883$210
41 years$21,103$13,118$7,864$4,583$2,615$176
42 years$20,370$12,493$7,377$4,230$2,373$148
43 years$19,674$11,903$6,922$3,904$2,154$124
44 years$19,010$11,346$6,498$3,605$1,955$104
45 years$18,378$10,820$6,101$3,329$1,775$87
46 years$17,776$10,322$5,731$3,075$1,611$73
47 years$17,200$9,850$5,384$2,841$1,463$61
48 years$16,650$9,403$5,059$2,625$1,329$51
49 years$16,125$8,979$4,755$2,426$1,207$43
50 years$15,622$8,577$4,471$2,243$1,096$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $16,000,000, adding $5,759 every year, while hoping to spend $51,169 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: 53/19/28 Blend
67$16,000,000$16,000,000$16,000,000$16,000,000
68$17,637,940$16,789,940$16,541,940$18,434,493
69$19,382,567$17,558,204$17,041,652$19,755,582
70$21,303,430$18,362,398$17,556,389$21,186,844
71$23,418,453$19,204,228$18,086,601$22,743,491
72$25,747,383$20,085,483$18,632,750$24,437,546
73$28,311,982$21,008,037$19,195,312$26,282,231
74$31,136,228$21,973,855$19,774,780$28,292,085
75$34,246,545$22,984,996$20,371,656$30,483,097
76$37,672,048$24,043,617$20,986,463$32,872,854
77$41,444,823$25,151,979$21,619,734$35,480,699
78$45,600,222$26,312,453$22,272,023$38,327,914
79$50,177,204$27,527,523$22,943,895$41,437,914
80$55,218,701$28,799,793$23,635,937$44,836,460
81$60,772,017$30,131,992$24,348,751$48,551,900
82$66,889,284$31,526,981$25,082,955$52,615,431
83$73,627,946$32,987,758$25,839,188$57,061,386
84$81,051,303$34,517,465$26,618,108$61,927,555
85$89,229,112$36,119,397$27,420,391$67,255,531
86$98,238,241$37,797,007$28,246,733$73,091,099
87$108,163,395$39,553,914$29,097,853$79,484,662
88$119,097,918$41,393,912$29,974,487$86,491,708
89$131,144,671$43,320,979$30,877,398$94,173,327
90$144,417,004$45,339,283$31,807,367$102,596,780
91$159,039,825$47,453,195$32,765,201$111,836,126
92$175,150,781$49,667,295$33,751,729$121,972,912
93$192,901,555$51,986,387$34,767,806$133,096,934
94$212,459,298$54,415,504$35,814,311$145,307,077
95$234,008,206$56,959,924$36,892,151$158,712,237
96$257,751,262$59,625,179$38,002,257$173,432,340
97$283,912,148$62,417,070$39,145,590$189,599,465
98$312,737,357$65,341,677$40,323,137$207,359,076
99$344,498,522$68,405,373$41,535,917$226,871,388
100$379,494,977$71,614,843$42,784,976$248,312,866