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%12.3%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,271,488
2 years$658,180$645,922$634,042$622,523$611,351$598,911
3 years$434,428$422,117$410,267$398,857$387,866$375,721
4 years$322,574$310,301$298,569$287,354$276,629$264,872
5 years$255,479$243,280$231,702$220,715$210,289$198,955
6 years$210,764$198,656$187,250$176,508$166,395$155,498
7 years$178,837$166,831$155,605$145,117$135,323$124,868
8 years$154,902$143,005$131,966$121,735$112,264$102,250
9 years$136,297$124,512$113,662$103,691$94,542$84,966
10 years$121,421$109,751$99,093$89,383$80,555$71,411
11 years$109,257$97,705$87,240$77,790$69,280$60,560
12 years$99,129$87,694$77,423$68,232$60,036$51,733
13 years$90,565$79,250$69,173$60,239$52,353$44,456
14 years$83,231$72,036$62,152$53,473$45,892$38,392
15 years$76,880$65,806$56,115$47,689$40,407$33,292
16 years$71,329$60,376$50,876$42,700$35,712$28,970
17 years$66,436$55,604$46,295$38,366$31,665$25,284
18 years$62,092$51,381$42,262$34,575$28,155$22,123
19 years$58,209$47,619$38,689$31,242$25,095$19,399
20 years$54,719$44,250$35,506$28,295$22,415$17,043
21 years$51,565$41,217$32,659$25,680$20,059$14,997
22 years$48,702$38,475$30,100$23,349$17,980$13,216
23 years$46,092$35,985$27,792$21,264$16,140$11,660
24 years$43,703$33,715$25,703$19,394$14,507$10,299
25 years$41,508$31,640$23,806$17,712$13,054$9,105
26 years$39,486$29,737$22,079$16,195$11,759$8,057
27 years$37,616$27,986$20,502$14,824$10,601$7,134
28 years$35,883$26,371$19,060$13,582$9,566$6,321
29 years$34,273$24,878$17,737$12,455$8,638$5,604
30 years$32,773$23,494$16,521$11,430$7,805$4,971
31 years$31,372$22,210$15,402$10,498$7,056$4,411
32 years$30,061$21,015$14,370$9,648$6,383$3,916
33 years$28,833$19,902$13,418$8,872$5,777$3,477
34 years$27,679$18,862$12,537$8,163$5,230$3,089
35 years$26,593$17,891$11,721$7,514$4,737$2,745
36 years$25,571$16,981$10,965$6,921$4,292$2,439
37 years$24,605$16,128$10,263$6,376$3,890$2,168
38 years$23,693$15,327$9,611$5,877$3,527$1,928
39 years$22,829$14,575$9,004$5,419$3,198$1,715
40 years$22,011$13,867$8,440$4,998$2,901$1,525
41 years$21,235$13,200$7,914$4,612$2,632$1,356
42 years$20,498$12,571$7,423$4,256$2,388$1,207
43 years$19,797$11,978$6,966$3,929$2,167$1,074
44 years$19,129$11,417$6,539$3,628$1,967$955
45 years$18,493$10,887$6,139$3,350$1,786$850
46 years$17,887$10,386$5,766$3,095$1,621$757
47 years$17,308$9,911$5,417$2,859$1,472$673
48 years$16,754$9,462$5,091$2,642$1,337$599
49 years$16,225$9,035$4,785$2,442$1,214$533
50 years$15,719$8,631$4,499$2,257$1,103$475

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 $5,509 every year, while hoping to spend $30,365 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: 25/48/27 Blend
67$16,100,000$16,100,000$16,100,000$16,100,000
68$17,747,883$16,894,583$16,645,033$18,040,685
69$19,525,858$17,690,109$17,170,333$19,079,869
70$21,484,170$18,523,598$17,712,213$20,190,331
71$23,641,180$19,396,879$18,271,197$21,380,344
72$26,017,122$20,311,868$18,847,824$22,656,599
73$28,634,293$21,270,574$19,442,650$24,026,405
74$31,517,263$22,275,105$20,056,252$25,497,754
75$34,693,108$23,327,669$20,689,220$27,079,382
76$38,191,664$24,430,583$21,342,167$28,780,846
77$42,045,807$25,586,275$22,015,724$30,612,603
78$46,291,769$26,797,292$22,710,540$32,586,097
79$50,969,473$28,066,304$23,427,287$34,713,860
80$56,122,916$29,396,109$24,166,657$37,009,616
81$61,800,578$30,789,643$24,929,365$39,488,397
82$68,055,885$32,249,984$25,716,147$42,166,678
83$74,947,711$33,780,358$26,527,764$45,062,516
84$82,540,932$35,384,150$27,364,998$48,195,707
85$90,907,040$37,064,907$28,228,659$51,587,959
86$100,124,820$38,826,349$29,119,581$55,263,083
87$110,281,090$40,672,378$30,038,625$59,247,203
88$121,471,520$42,607,084$30,986,678$63,568,982
89$133,801,540$44,634,756$31,964,656$68,259,882
90$147,387,329$46,759,891$32,973,504$73,354,439
91$162,356,917$48,987,206$34,014,197$78,890,572
92$178,851,390$51,321,646$35,087,739$84,909,920
93$197,026,221$53,768,397$36,195,169$91,458,217
94$217,052,744$56,332,896$37,337,554$98,585,702
95$239,119,761$59,020,845$38,516,000$106,347,569
96$263,435,335$61,838,225$39,731,645$114,804,469
97$290,228,747$64,791,305$40,985,662$124,023,052
98$319,752,661$67,886,661$42,279,264$134,076,578
99$352,285,512$71,131,188$43,613,699$145,045,576
100$388,134,134$74,532,116$44,990,258$157,018,578