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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.2%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,248,960
2 years$662,268$649,934$637,980$626,390$615,148$572,392
3 years$437,126$424,739$412,815$401,334$390,275$348,957
4 years$324,577$312,228$300,424$289,139$278,348$238,783
5 years$257,066$244,791$233,141$222,086$211,595$173,890
6 years$212,073$199,890$188,413$177,604$167,428$131,612
7 years$179,948$167,867$156,572$146,018$136,164$102,233
8 years$155,865$143,893$132,785$122,491$112,961$80,890
9 years$137,143$125,285$114,368$104,335$95,130$64,880
10 years$122,175$110,433$99,709$89,938$81,055$52,579
11 years$109,936$98,312$87,782$78,273$69,710$42,953
12 years$99,744$88,239$77,904$68,656$60,409$35,312
13 years$91,127$79,742$69,602$60,613$52,678$29,177
14 years$83,748$72,484$62,538$53,805$46,177$24,206
15 years$77,358$66,215$56,463$47,985$40,658$20,148
16 years$71,772$60,751$51,192$42,965$35,934$16,817
17 years$66,849$55,950$46,583$38,604$31,861$14,067
18 years$62,477$51,700$42,524$34,790$28,330$11,789
19 years$58,570$47,915$38,929$31,436$25,251$9,894
20 years$55,059$44,525$35,727$28,471$22,555$8,315
21 years$51,886$41,473$32,862$25,839$20,184$6,995
22 years$49,005$38,714$30,287$23,494$18,092$5,890
23 years$46,378$36,208$27,965$21,396$16,240$4,964
24 years$43,974$33,925$25,863$19,515$14,597$4,185
25 years$41,766$31,837$23,954$17,822$13,135$3,531
26 years$39,731$29,921$22,216$16,295$11,832$2,980
27 years$37,850$28,159$20,630$14,916$10,667$2,516
28 years$36,106$26,534$19,178$13,666$9,625$2,125
29 years$34,486$25,032$17,847$12,532$8,691$1,795
30 years$32,976$23,640$16,624$11,501$7,853$1,517
31 years$31,567$22,348$15,498$10,563$7,100$1,282
32 years$30,248$21,146$14,460$9,708$6,423$1,084
33 years$29,012$20,025$13,501$8,927$5,812$916
34 years$27,851$18,979$12,615$8,214$5,262$775
35 years$26,759$18,002$11,794$7,561$4,766$655
36 years$25,729$17,086$11,033$6,964$4,319$554
37 years$24,758$16,228$10,327$6,416$3,914$468
38 years$23,840$15,422$9,670$5,914$3,549$396
39 years$22,971$14,665$9,060$5,453$3,218$335
40 years$22,148$13,953$8,492$5,029$2,919$283
41 years$21,367$13,282$7,963$4,640$2,648$240
42 years$20,625$12,649$7,469$4,282$2,403$203
43 years$19,919$12,052$7,009$3,953$2,181$172
44 years$19,248$11,488$6,579$3,650$1,979$145
45 years$18,608$10,955$6,178$3,371$1,797$123
46 years$17,998$10,451$5,802$3,114$1,631$104
47 years$17,415$9,973$5,451$2,877$1,481$88
48 years$16,858$9,521$5,122$2,658$1,345$74
49 years$16,326$9,092$4,815$2,457$1,222$63
50 years$15,817$8,685$4,527$2,271$1,110$53

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 $4,823 every year, while hoping to spend $56,052 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$16,200,000$16,200,000$16,200,000$16,200,000
68$17,857,375$16,998,775$16,747,675$18,900,528
69$19,619,188$17,772,076$17,249,083$20,374,136
70$21,558,828$18,581,390$17,765,410$21,974,560
71$23,694,373$19,428,423$18,297,096$23,719,506
72$26,045,745$20,314,962$18,844,594$25,622,941
73$28,634,895$21,242,879$19,408,372$27,700,224
74$31,486,012$22,214,137$19,988,910$29,968,248
75$34,625,748$23,230,793$20,586,702$32,445,588
76$38,083,475$24,295,003$21,202,257$35,152,681
77$41,891,556$25,409,025$21,836,099$38,112,004
78$46,085,654$26,575,226$22,488,768$41,348,287
79$50,705,066$27,796,087$23,160,817$44,888,739
80$55,793,097$29,074,209$23,852,818$48,763,299
81$61,397,464$30,412,317$24,565,359$53,004,911
82$67,570,751$31,813,266$25,299,044$57,649,831
83$74,370,901$33,280,050$26,054,496$62,737,959
84$81,861,767$34,815,806$26,832,355$68,313,214
85$90,113,710$36,423,823$27,633,282$74,423,933
86$99,204,265$38,107,548$28,457,954$81,123,328
87$109,218,874$39,870,592$29,307,069$88,469,975
88$120,251,691$41,716,741$30,181,347$96,528,360
89$132,406,467$43,649,966$31,081,527$105,369,477
90$145,797,538$45,674,426$32,008,369$115,071,493
91$160,550,895$47,794,481$32,962,657$125,720,472
92$176,805,378$50,014,701$33,945,197$137,411,180
93$194,713,984$52,339,879$34,956,819$150,247,966
94$214,445,313$54,775,036$35,998,375$164,345,738
95$236,185,158$57,325,436$37,070,744$179,831,038
96$260,138,260$59,996,599$38,174,830$196,843,219
97$286,530,239$62,794,308$39,311,563$215,535,753
98$315,609,722$65,724,628$40,481,899$236,077,663
99$347,650,694$68,793,916$41,686,824$258,655,106
100$382,955,083$72,008,835$42,927,350$283,473,117