Can I retire at age 68 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,272,018
2 years$658,180$645,922$634,042$622,523$611,351$599,443
3 years$434,428$422,117$410,267$398,857$387,866$376,238
4 years$322,574$310,301$298,569$287,354$276,629$265,371
5 years$255,479$243,280$231,702$220,715$210,289$199,434
6 years$210,764$198,656$187,250$176,508$166,395$155,956
7 years$178,837$166,831$155,605$145,117$135,323$125,305
8 years$154,902$143,005$131,966$121,735$112,264$102,666
9 years$136,297$124,512$113,662$103,691$94,542$85,363
10 years$121,421$109,751$99,093$89,383$80,555$71,787
11 years$109,257$97,705$87,240$77,790$69,280$60,917
12 years$99,129$87,694$77,423$68,232$60,036$52,071
13 years$90,565$79,250$69,173$60,239$52,353$44,775
14 years$83,231$72,036$62,152$53,473$45,892$38,693
15 years$76,880$65,806$56,115$47,689$40,407$33,575
16 years$71,329$60,376$50,876$42,700$35,712$29,237
17 years$66,436$55,604$46,295$38,366$31,665$25,535
18 years$62,092$51,381$42,262$34,575$28,155$22,358
19 years$58,209$47,619$38,689$31,242$25,095$19,620
20 years$54,719$44,250$35,506$28,295$22,415$17,249
21 years$51,565$41,217$32,659$25,680$20,059$15,190
22 years$48,702$38,475$30,100$23,349$17,980$13,396
23 years$46,092$35,985$27,792$21,264$16,140$11,828
24 years$43,703$33,715$25,703$19,394$14,507$10,455
25 years$41,508$31,640$23,806$17,712$13,054$9,251
26 years$39,486$29,737$22,079$16,195$11,759$8,192
27 years$37,616$27,986$20,502$14,824$10,601$7,259
28 years$35,883$26,371$19,060$13,582$9,566$6,437
29 years$34,273$24,878$17,737$12,455$8,638$5,712
30 years$32,773$23,494$16,521$11,430$7,805$5,070
31 years$31,372$22,210$15,402$10,498$7,056$4,503
32 years$30,061$21,015$14,370$9,648$6,383$4,001
33 years$28,833$19,902$13,418$8,872$5,777$3,556
34 years$27,679$18,862$12,537$8,163$5,230$3,161
35 years$26,593$17,891$11,721$7,514$4,737$2,811
36 years$25,571$16,981$10,965$6,921$4,292$2,501
37 years$24,605$16,128$10,263$6,376$3,890$2,225
38 years$23,693$15,327$9,611$5,877$3,527$1,980
39 years$22,829$14,575$9,004$5,419$3,198$1,762
40 years$22,011$13,867$8,440$4,998$2,901$1,569
41 years$21,235$13,200$7,914$4,612$2,632$1,396
42 years$20,498$12,571$7,423$4,256$2,388$1,243
43 years$19,797$11,978$6,966$3,929$2,167$1,107
44 years$19,129$11,417$6,539$3,628$1,967$986
45 years$18,493$10,887$6,139$3,350$1,786$878
46 years$17,887$10,386$5,766$3,095$1,621$782
47 years$17,308$9,911$5,417$2,859$1,472$697
48 years$16,754$9,462$5,091$2,642$1,337$621
49 years$16,225$9,035$4,785$2,442$1,214$553
50 years$15,719$8,631$4,499$2,257$1,103$493

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $16,100,000, adding $6,739 every year, while hoping to spend $32,579 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: 57/37/6 Blend
67$16,100,000$16,100,000$16,100,000$16,100,000
68$17,749,151$16,895,851$16,646,301$18,738,432
69$19,524,901$17,689,084$17,169,289$20,197,417
70$21,480,685$18,520,094$17,708,704$21,781,997
71$23,634,833$19,390,696$18,265,064$23,507,599
72$26,007,542$20,302,796$18,838,899$25,387,680
73$28,621,069$21,258,391$19,430,760$27,437,031
74$31,499,940$22,259,574$20,041,213$29,671,905
75$34,671,180$23,308,540$20,670,840$32,110,166
76$38,164,572$24,407,590$21,320,244$34,771,452
77$42,012,933$25,559,136$21,990,047$37,677,352
78$46,252,428$26,765,709$22,680,889$40,851,604
79$50,922,907$28,029,961$23,393,431$44,320,311
80$56,068,287$29,354,672$24,128,354$48,112,178
81$61,736,959$30,742,758$24,886,361$52,258,780
82$67,982,252$32,197,276$25,668,176$56,794,845
83$74,862,930$33,721,431$26,474,549$61,758,576
84$82,443,752$35,318,585$27,306,250$67,192,002
85$90,796,079$36,992,260$28,164,073$73,141,366
86$99,998,550$38,746,151$29,048,841$79,657,549
87$110,137,823$40,584,134$29,961,398$86,796,541
88$121,309,394$42,510,269$30,902,617$94,619,956
89$133,618,497$44,528,816$31,873,399$103,195,607
90$147,181,097$46,644,242$32,874,672$112,598,127
91$162,124,989$48,861,230$33,907,394$122,909,666
92$178,590,997$51,184,690$34,972,551$134,220,648
93$196,734,310$53,619,771$36,071,162$146,630,616
94$216,725,943$56,171,872$37,204,279$160,249,151
95$238,754,350$58,846,655$38,372,984$175,196,896
96$263,027,210$61,650,057$39,578,395$191,606,674
97$289,773,379$64,588,304$40,821,664$209,624,726
98$319,245,055$67,667,922$42,103,981$229,412,077
99$351,720,158$70,895,757$43,426,572$251,146,032
100$387,504,952$74,278,988$44,790,701$275,021,833