Can I retire at age 68 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,251,461
2 years$662,268$649,934$637,980$626,390$615,148$574,856
3 years$437,126$424,739$412,815$401,334$390,275$351,304
4 years$324,577$312,228$300,424$289,139$278,348$240,996
5 years$257,066$244,791$233,141$222,086$211,595$175,965
6 years$212,073$199,890$188,413$177,604$167,428$133,549
7 years$179,948$167,867$156,572$146,018$136,164$104,033
8 years$155,865$143,893$132,785$122,491$112,961$82,557
9 years$137,143$125,285$114,368$104,335$95,130$66,420
10 years$122,175$110,433$99,709$89,938$81,055$53,996
11 years$109,936$98,312$87,782$78,273$69,710$44,254
12 years$99,744$88,239$77,904$68,656$60,409$36,502
13 years$91,127$79,742$69,602$60,613$52,678$30,263
14 years$83,748$72,484$62,538$53,805$46,177$25,194
15 years$77,358$66,215$56,463$47,985$40,658$21,046
16 years$71,772$60,751$51,192$42,965$35,934$17,629
17 years$66,849$55,950$46,583$38,604$31,861$14,801
18 years$62,477$51,700$42,524$34,790$28,330$12,450
19 years$58,570$47,915$38,929$31,436$25,251$10,489
20 years$55,059$44,525$35,727$28,471$22,555$8,849
21 years$51,886$41,473$32,862$25,839$20,184$7,473
22 years$49,005$38,714$30,287$23,494$18,092$6,317
23 years$46,378$36,208$27,965$21,396$16,240$5,344
24 years$43,974$33,925$25,863$19,515$14,597$4,524
25 years$41,766$31,837$23,954$17,822$13,135$3,832
26 years$39,731$29,921$22,216$16,295$11,832$3,247
27 years$37,850$28,159$20,630$14,916$10,667$2,753
28 years$36,106$26,534$19,178$13,666$9,625$2,335
29 years$34,486$25,032$17,847$12,532$8,691$1,980
30 years$32,976$23,640$16,624$11,501$7,853$1,680
31 years$31,567$22,348$15,498$10,563$7,100$1,426
32 years$30,248$21,146$14,460$9,708$6,423$1,210
33 years$29,012$20,025$13,501$8,927$5,812$1,027
34 years$27,851$18,979$12,615$8,214$5,262$872
35 years$26,759$18,002$11,794$7,561$4,766$741
36 years$25,729$17,086$11,033$6,964$4,319$629
37 years$24,758$16,228$10,327$6,416$3,914$534
38 years$23,840$15,422$9,670$5,914$3,549$454
39 years$22,971$14,665$9,060$5,453$3,218$385
40 years$22,148$13,953$8,492$5,029$2,919$327
41 years$21,367$13,282$7,963$4,640$2,648$278
42 years$20,625$12,649$7,469$4,282$2,403$236
43 years$19,919$12,052$7,009$3,953$2,181$201
44 years$19,248$11,488$6,579$3,650$1,979$170
45 years$18,608$10,955$6,178$3,371$1,797$145
46 years$17,998$10,451$5,802$3,114$1,631$123
47 years$17,415$9,973$5,451$2,877$1,481$104
48 years$16,858$9,521$5,122$2,658$1,345$89
49 years$16,326$9,092$4,815$2,457$1,222$75
50 years$15,817$8,685$4,527$2,271$1,110$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $16,200,000, adding $4,531 every year, while hoping to spend $26,625 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: 48/27/25 Blend
67$16,200,000$16,200,000$16,200,000$16,200,000
68$17,857,074$16,998,474$16,747,374$18,586,928
69$19,650,166$17,803,070$17,280,082$19,903,256
70$21,625,262$18,646,199$17,829,744$21,328,884
71$23,800,897$19,529,722$18,396,898$22,876,551
72$26,197,498$20,455,587$18,982,103$24,557,759
73$28,837,572$21,425,840$19,585,933$26,385,141
74$31,745,924$22,442,626$20,208,981$28,372,579
75$34,949,885$23,508,192$20,851,860$30,535,324
76$38,479,576$24,624,895$21,515,199$32,890,139
77$42,368,187$25,795,209$22,199,652$35,455,450
78$46,652,292$27,021,724$22,905,891$38,251,511
79$51,372,196$28,307,159$23,634,608$41,300,591
80$56,572,313$29,654,364$24,386,521$44,627,176
81$62,301,588$31,066,326$25,162,368$48,258,191
82$68,613,953$32,546,179$25,962,911$52,223,250
83$75,568,845$34,097,210$26,788,937$56,554,927
84$83,231,758$35,722,864$27,641,257$61,289,050
85$91,674,867$37,426,754$28,520,709$66,465,039
86$100,977,707$39,212,669$29,428,157$72,126,259
87$111,227,925$41,084,582$30,364,492$78,320,429
88$122,522,106$43,046,659$31,330,635$85,100,055
89$134,966,685$45,103,270$32,327,535$92,522,921
90$148,678,952$47,258,995$33,356,172$100,652,619
91$163,788,158$49,518,639$34,417,557$109,559,139
92$180,436,738$51,887,240$35,512,733$119,319,522
93$198,781,652$54,370,081$36,642,776$130,018,566
94$218,995,868$56,972,703$37,808,797$141,749,622
95$241,269,997$59,700,916$39,011,943$154,615,456
96$265,814,089$62,560,813$40,253,395$168,729,209
97$292,859,616$65,558,783$41,534,374$184,215,444
98$322,661,661$68,701,527$42,856,139$201,211,314
99$355,501,320$71,996,072$44,219,990$219,867,834
100$391,688,363$75,449,787$45,627,267$240,351,293