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%11.5%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,267,822
2 years$654,092$641,910$630,104$618,657$607,554$599,443
3 years$431,730$419,495$407,719$396,379$385,457$377,527
4 years$320,570$308,373$296,715$285,569$274,911$267,224
5 years$253,892$241,768$230,263$219,344$208,983$201,561
6 years$209,455$197,422$186,087$175,411$165,361$158,213
7 years$177,726$165,795$154,639$144,215$134,483$127,613
8 years$153,940$142,117$131,146$120,979$111,567$104,974
9 years$135,450$123,738$112,956$103,047$93,955$87,639
10 years$120,667$109,069$98,478$88,828$80,054$74,012
11 years$108,579$97,098$86,698$77,307$68,850$63,076
12 years$98,513$87,150$76,942$67,808$59,664$54,154
13 years$90,002$78,758$68,743$59,865$52,028$46,777
14 years$82,714$71,589$61,766$53,141$45,607$40,608
15 years$76,403$65,398$55,766$47,392$40,156$35,403
16 years$70,886$60,001$50,560$42,435$35,490$30,976
17 years$66,023$55,259$46,008$38,127$31,468$27,185
18 years$61,706$51,062$41,999$34,360$27,980$23,921
19 years$57,847$47,323$38,448$31,048$24,939$21,097
20 years$54,379$43,975$35,286$28,120$22,276$18,643
21 years$51,245$40,961$32,456$25,520$19,935$16,503
22 years$48,400$38,236$29,913$23,204$17,869$14,630
23 years$45,806$35,761$27,620$21,132$16,040$12,986
24 years$43,431$33,506$25,544$19,274$14,417$11,541
25 years$41,250$31,444$23,659$17,602$12,973$10,267
26 years$39,241$29,552$21,942$16,094$11,686$9,142
27 years$37,383$27,812$20,375$14,731$10,536$8,146
28 years$35,661$26,207$18,941$13,497$9,506$7,264
29 years$34,060$24,723$17,627$12,377$8,584$6,481
30 years$32,569$23,348$16,418$11,359$7,756$5,786
31 years$31,177$22,072$15,306$10,433$7,012$5,168
32 years$29,875$20,885$14,281$9,588$6,343$4,619
33 years$28,654$19,778$13,334$8,817$5,741$4,129
34 years$27,507$18,745$12,459$8,112$5,197$3,692
35 years$26,428$17,779$11,648$7,468$4,708$3,303
36 years$25,412$16,875$10,897$6,878$4,265$2,955
37 years$24,452$16,028$10,199$6,337$3,866$2,645
38 years$23,546$15,232$9,551$5,841$3,505$2,368
39 years$22,688$14,484$8,948$5,385$3,178$2,120
40 years$21,875$13,780$8,387$4,967$2,883$1,898
41 years$21,103$13,118$7,864$4,583$2,615$1,700
42 years$20,370$12,493$7,377$4,230$2,373$1,523
43 years$19,674$11,903$6,922$3,904$2,154$1,365
44 years$19,010$11,346$6,498$3,605$1,955$1,223
45 years$18,378$10,820$6,101$3,329$1,775$1,096
46 years$17,776$10,322$5,731$3,075$1,611$982
47 years$17,200$9,850$5,384$2,841$1,463$880
48 years$16,650$9,403$5,059$2,625$1,329$789
49 years$16,125$8,979$4,755$2,426$1,207$707
50 years$15,622$8,577$4,471$2,243$1,096$634

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 $4,026 every year, while hoping to spend $56,548 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: 49/24/27 Blend
67$16,000,000$16,000,000$16,000,000$16,000,000
68$17,636,153$16,788,153$16,540,153$18,364,908
69$19,374,874$17,550,606$17,034,081$19,638,119
70$21,289,049$18,348,523$17,542,661$21,014,670
71$23,396,515$19,183,584$18,066,323$22,509,158
72$25,716,926$20,057,547$18,605,512$24,132,763
73$28,271,939$20,972,253$19,160,683$25,897,771
74$31,085,418$21,929,634$19,732,307$27,817,684
75$34,183,659$22,931,714$20,320,867$29,907,347
76$37,595,637$23,980,613$20,926,861$32,183,079
77$41,353,282$25,078,554$21,550,801$34,662,823
78$45,491,778$26,227,864$22,193,214$37,366,313
79$50,049,895$27,430,985$22,854,643$40,315,249
80$55,070,356$28,690,475$23,535,645$43,533,499
81$60,600,238$30,009,013$24,236,794$47,047,321
82$66,691,418$31,389,411$24,958,683$50,885,599
83$73,401,062$32,834,611$25,701,918$55,080,114
84$80,792,164$34,347,701$26,467,126$59,665,831
85$88,934,141$35,931,914$27,254,951$64,681,229
86$97,903,486$37,590,641$28,066,054$70,168,652
87$107,784,493$39,327,434$28,901,119$76,174,701
88$118,670,051$41,146,018$29,760,846$82,750,668
89$130,662,519$43,050,296$30,645,957$89,953,010
90$143,874,695$45,044,359$31,557,196$97,843,872
91$158,430,878$47,132,497$32,495,326$106,491,667
92$174,468,042$49,319,203$33,461,133$115,971,709
93$192,137,128$51,609,191$34,455,428$126,366,917
94$211,604,472$54,007,398$35,479,042$137,768,582
95$233,053,370$56,519,002$36,532,831$150,277,226
96$256,685,811$59,149,430$37,617,678$164,003,529
97$282,724,382$61,904,370$38,734,488$179,069,370
98$311,414,370$64,789,786$39,884,195$195,608,962
99$343,026,079$67,811,928$41,067,758$213,770,104
100$377,857,376$70,977,350$42,286,166$233,715,566