Can I retire at age 68 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,286,211
2 years$666,356$653,946$641,918$630,257$618,945$605,276
3 years$439,824$427,361$415,363$403,811$392,684$379,343
4 years$326,581$314,155$302,278$290,923$280,066$267,156
5 years$258,653$246,302$234,580$223,457$212,901$200,461
6 years$213,382$201,124$189,576$178,700$168,462$156,506
7 years$181,058$168,903$157,538$146,919$137,004$125,538
8 years$156,827$144,781$133,605$123,247$113,658$102,681
9 years$137,990$126,058$115,074$104,979$95,717$85,224
10 years$122,929$111,114$100,324$90,493$81,556$71,541
11 years$110,615$98,918$88,324$78,756$70,140$60,596
12 years$100,360$88,784$78,385$69,080$60,782$51,698
13 years$91,690$80,235$70,032$60,987$53,003$44,369
14 years$84,265$72,931$62,924$54,137$46,462$38,266
15 years$77,835$66,624$56,812$48,281$40,909$33,138
16 years$72,215$61,126$51,508$43,230$36,156$28,796
17 years$67,261$56,295$46,870$38,842$32,058$25,097
18 years$62,863$52,019$42,787$35,005$28,505$21,928
19 years$58,932$48,211$39,169$31,630$25,407$19,201
20 years$55,399$44,800$35,948$28,647$22,694$16,844
21 years$52,206$41,729$33,065$25,999$20,308$14,800
22 years$49,307$38,953$30,474$23,639$18,204$13,022
23 years$46,665$36,432$28,138$21,528$16,341$11,472
24 years$44,246$34,134$26,023$19,635$14,687$10,117
25 years$42,024$32,033$24,102$17,932$13,216$8,931
26 years$39,976$30,106$22,353$16,396$11,905$7,890
27 years$38,084$28,333$20,757$15,008$10,733$6,975
28 years$36,329$26,698$19,296$13,750$9,685$6,170
29 years$34,699$25,187$17,957$12,609$8,745$5,461
30 years$33,180$23,786$16,726$11,572$7,902$4,836
31 years$31,762$22,486$15,593$10,628$7,144$4,285
32 years$30,435$21,276$14,549$9,768$6,462$3,797
33 years$29,191$20,149$13,584$8,982$5,848$3,367
34 years$28,023$19,097$12,692$8,264$5,295$2,986
35 years$26,924$18,113$11,867$7,608$4,796$2,648
36 years$25,888$17,192$11,101$7,007$4,345$2,350
37 years$24,911$16,328$10,390$6,456$3,938$2,085
38 years$23,987$15,518$9,730$5,950$3,570$1,851
39 years$23,113$14,756$9,116$5,486$3,238$1,643
40 years$22,285$14,039$8,544$5,060$2,937$1,459
41 years$21,499$13,364$8,012$4,669$2,664$1,296
42 years$20,752$12,727$7,515$4,309$2,418$1,151
43 years$20,042$12,126$7,052$3,978$2,194$1,022
44 years$19,367$11,559$6,620$3,673$1,992$908
45 years$18,723$11,023$6,216$3,392$1,808$806
46 years$18,109$10,515$5,838$3,133$1,642$716
47 years$17,523$10,035$5,485$2,895$1,491$636
48 years$16,963$9,579$5,154$2,675$1,354$565
49 years$16,427$9,148$4,845$2,472$1,229$502
50 years$15,914$8,738$4,555$2,285$1,117$446

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $16,300,000, adding $2,674 every year, while hoping to spend $34,327 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: 53/40/7 Blend
67$16,300,000$16,300,000$16,300,000$16,300,000
68$17,965,358$17,101,458$16,848,808$18,887,336
69$19,761,301$17,902,906$17,376,720$20,313,740
70$21,739,280$18,742,474$17,921,166$21,860,756
71$23,917,825$19,621,995$18,482,664$23,542,916
72$26,317,358$20,543,387$19,061,748$25,372,991
73$28,960,381$21,508,666$19,658,969$27,365,007
74$31,871,690$22,519,940$20,274,894$29,534,375
75$35,078,609$23,579,424$20,910,109$31,898,024
76$38,611,248$24,689,436$21,565,219$34,474,557
77$42,502,786$25,852,409$22,240,845$37,284,420
78$46,789,787$27,070,894$22,937,630$40,350,083
79$51,512,541$28,347,564$23,656,236$43,696,248
80$56,715,447$29,685,221$24,397,347$47,350,073
81$62,447,431$31,086,806$25,161,667$51,341,419
82$68,762,408$32,555,398$25,949,922$55,703,119
83$75,719,792$34,094,231$26,762,862$60,471,285
84$83,385,052$35,706,689$27,601,259$65,685,634
85$91,830,337$37,396,327$28,465,911$71,389,851
86$101,135,151$39,166,867$29,357,639$77,631,995
87$111,387,107$41,022,214$30,277,290$84,464,936
88$122,682,752$42,966,462$31,225,740$91,946,846
89$135,128,479$45,003,905$32,203,888$100,141,730
90$148,841,530$47,139,043$33,212,665$109,120,021
91$163,951,106$49,376,596$34,253,029$118,959,230
92$180,599,583$51,721,513$35,325,970$129,744,662
93$198,943,857$54,178,984$36,432,506$141,570,204
94$219,156,824$56,754,448$37,573,689$154,539,197
95$241,429,016$59,453,612$38,750,603$168,765,397
96$265,970,395$62,282,458$39,964,368$184,374,024
97$293,012,337$65,247,260$41,216,135$201,502,932
98$322,809,814$68,354,595$42,507,095$220,303,888
99$355,643,807$71,611,362$43,838,474$240,943,982
100$391,823,950$75,024,792$45,211,538$263,607,188