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%14.4%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,252,665
2 years$654,092$641,910$630,104$618,657$607,554$584,265
3 years$431,730$419,495$407,719$396,379$385,457$362,804
4 years$320,570$308,373$296,715$285,569$274,911$253,067
5 years$253,892$241,768$230,263$219,344$208,983$188,011
6 years$209,455$197,422$186,087$175,411$165,361$145,285
7 years$177,726$165,795$154,639$144,215$134,483$115,307
8 years$153,940$142,117$131,146$120,979$111,567$93,287
9 years$135,450$123,738$112,956$103,047$93,955$76,560
10 years$120,667$109,069$98,478$88,828$80,054$63,529
11 years$108,579$97,098$86,698$77,307$68,850$53,175
12 years$98,513$87,150$76,942$67,808$59,664$44,819
13 years$90,002$78,758$68,743$59,865$52,028$37,989
14 years$82,714$71,589$61,766$53,141$45,607$32,350
15 years$76,403$65,398$55,766$47,392$40,156$27,654
16 years$70,886$60,001$50,560$42,435$35,490$23,715
17 years$66,023$55,259$46,008$38,127$31,468$20,392
18 years$61,706$51,062$41,999$34,360$27,980$17,575
19 years$57,847$47,323$38,448$31,048$24,939$15,177
20 years$54,379$43,975$35,286$28,120$22,276$13,128
21 years$51,245$40,961$32,456$25,520$19,935$11,371
22 years$48,400$38,236$29,913$23,204$17,869$9,861
23 years$45,806$35,761$27,620$21,132$16,040$8,561
24 years$43,431$33,506$25,544$19,274$14,417$7,439
25 years$41,250$31,444$23,659$17,602$12,973$6,469
26 years$39,241$29,552$21,942$16,094$11,686$5,629
27 years$37,383$27,812$20,375$14,731$10,536$4,902
28 years$35,661$26,207$18,941$13,497$9,506$4,270
29 years$34,060$24,723$17,627$12,377$8,584$3,721
30 years$32,569$23,348$16,418$11,359$7,756$3,245
31 years$31,177$22,072$15,306$10,433$7,012$2,830
32 years$29,875$20,885$14,281$9,588$6,343$2,469
33 years$28,654$19,778$13,334$8,817$5,741$2,154
34 years$27,507$18,745$12,459$8,112$5,197$1,880
35 years$26,428$17,779$11,648$7,468$4,708$1,641
36 years$25,412$16,875$10,897$6,878$4,265$1,433
37 years$24,452$16,028$10,199$6,337$3,866$1,252
38 years$23,546$15,232$9,551$5,841$3,505$1,093
39 years$22,688$14,484$8,948$5,385$3,178$955
40 years$21,875$13,780$8,387$4,967$2,883$834
41 years$21,103$13,118$7,864$4,583$2,615$729
42 years$20,370$12,493$7,377$4,230$2,373$637
43 years$19,674$11,903$6,922$3,904$2,154$556
44 years$19,010$11,346$6,498$3,605$1,955$486
45 years$18,378$10,820$6,101$3,329$1,775$425
46 years$17,776$10,322$5,731$3,075$1,611$371
47 years$17,200$9,850$5,384$2,841$1,463$324
48 years$16,650$9,403$5,059$2,625$1,329$283
49 years$16,125$8,979$4,755$2,426$1,207$248
50 years$15,622$8,577$4,471$2,243$1,096$216

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 $6,168 every year, while hoping to spend $30,253 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: 61/28/11 Blend
67$16,000,000$16,000,000$16,000,000$16,000,000
68$17,638,362$16,790,362$16,542,362$18,668,637
69$19,405,286$17,580,901$17,064,342$20,151,007
70$21,351,423$18,409,162$17,602,795$21,763,810
71$23,495,019$19,276,962$18,158,240$23,522,898
72$25,856,183$20,186,206$18,731,213$25,442,407
73$28,457,073$21,138,890$19,322,268$27,537,882
74$31,322,107$22,137,107$19,931,976$29,826,417
75$34,478,189$23,183,053$20,560,925$32,326,811
76$37,954,971$24,279,029$21,209,722$35,059,738
77$41,785,124$25,427,448$21,878,994$38,047,944
78$46,004,654$26,630,840$22,569,388$41,316,448
79$50,653,235$27,891,857$23,281,569$44,892,774
80$55,774,589$29,213,282$24,016,225$48,807,209
81$61,416,895$30,598,031$24,774,067$53,093,077
82$67,633,245$32,049,161$25,555,825$57,787,049
83$74,482,145$33,569,879$26,362,254$62,929,482
84$82,028,068$35,163,547$27,194,133$68,564,791
85$90,342,060$36,833,690$28,052,266$74,741,863
86$99,502,414$38,584,005$28,937,481$81,514,507
87$109,595,406$40,418,367$29,850,633$88,941,955
88$120,716,112$42,340,841$30,792,603$97,089,414
89$132,969,301$44,355,689$31,764,301$106,028,667
90$146,470,431$46,467,378$32,766,666$115,838,746
91$161,346,731$48,680,596$33,800,666$126,606,664
92$177,738,407$51,000,255$34,867,298$138,428,226
93$195,799,966$53,431,508$35,967,593$151,408,927
94$215,701,669$55,979,759$37,102,614$165,664,926
95$237,631,144$58,650,671$38,273,456$181,324,141
96$261,795,154$61,450,188$39,481,251$198,527,435
97$288,421,551$64,384,538$40,727,164$217,429,937
98$317,761,424$67,460,256$42,012,398$238,202,490
99$350,091,471$70,684,191$43,338,196$261,033,251
100$385,716,613$74,063,527$44,705,837$286,129,447