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

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,270,427
2 years$666,356$653,946$641,918$630,257$618,945$589,525
3 years$439,824$427,361$415,363$403,811$392,684$364,121
4 years$326,581$314,155$302,278$290,923$280,066$252,579
5 years$258,653$246,302$234,580$223,457$212,901$186,568
6 years$213,382$201,124$189,576$178,700$168,462$143,310
7 years$181,058$168,903$157,538$146,919$137,004$113,038
8 years$156,827$144,781$133,605$123,247$113,658$90,868
9 years$137,990$126,058$115,074$104,979$95,717$74,086
10 years$122,929$111,114$100,324$90,493$81,556$61,061
11 years$110,615$98,918$88,324$78,756$70,140$50,754
12 years$100,360$88,784$78,385$69,080$60,782$42,474
13 years$91,690$80,235$70,032$60,987$53,003$35,739
14 years$84,265$72,931$62,924$54,137$46,462$30,207
15 years$77,835$66,624$56,812$48,281$40,909$25,626
16 years$72,215$61,126$51,508$43,230$36,156$21,806
17 years$67,261$56,295$46,870$38,842$32,058$18,603
18 years$62,863$52,019$42,787$35,005$28,505$15,905
19 years$58,932$48,211$39,169$31,630$25,407$13,623
20 years$55,399$44,800$35,948$28,647$22,694$11,686
21 years$52,206$41,729$33,065$25,999$20,308$10,038
22 years$49,307$38,953$30,474$23,639$18,204$8,632
23 years$46,665$36,432$28,138$21,528$16,341$7,430
24 years$44,246$34,134$26,023$19,635$14,687$6,400
25 years$42,024$32,033$24,102$17,932$13,216$5,517
26 years$39,976$30,106$22,353$16,396$11,905$4,759
27 years$38,084$28,333$20,757$15,008$10,733$4,107
28 years$36,329$26,698$19,296$13,750$9,685$3,546
29 years$34,699$25,187$17,957$12,609$8,745$3,063
30 years$33,180$23,786$16,726$11,572$7,902$2,646
31 years$31,762$22,486$15,593$10,628$7,144$2,287
32 years$30,435$21,276$14,549$9,768$6,462$1,977
33 years$29,191$20,149$13,584$8,982$5,848$1,709
34 years$28,023$19,097$12,692$8,264$5,295$1,478
35 years$26,924$18,113$11,867$7,608$4,796$1,279
36 years$25,888$17,192$11,101$7,007$4,345$1,106
37 years$24,911$16,328$10,390$6,456$3,938$957
38 years$23,987$15,518$9,730$5,950$3,570$828
39 years$23,113$14,756$9,116$5,486$3,238$716
40 years$22,285$14,039$8,544$5,060$2,937$620
41 years$21,499$13,364$8,012$4,669$2,664$537
42 years$20,752$12,727$7,515$4,309$2,418$464
43 years$20,042$12,126$7,052$3,978$2,194$402
44 years$19,367$11,559$6,620$3,673$1,992$348
45 years$18,723$11,023$6,216$3,392$1,808$301
46 years$18,109$10,515$5,838$3,133$1,642$261
47 years$17,523$10,035$5,485$2,895$1,491$226
48 years$16,963$9,579$5,154$2,675$1,354$195
49 years$16,427$9,148$4,845$2,472$1,229$169
50 years$15,914$8,738$4,555$2,285$1,117$146

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 $6,391 every year, while hoping to spend $30,737 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: 52/41/7 Blend
67$16,300,000$16,300,000$16,300,000$16,300,000
68$17,969,192$17,105,292$16,852,642$18,872,588
69$19,769,346$17,910,748$17,384,502$20,292,010
70$21,752,085$18,754,640$17,933,149$21,830,918
71$23,936,001$19,638,821$18,499,112$23,503,691
72$26,341,580$20,565,230$19,082,940$25,322,943
73$28,991,398$21,535,903$19,685,195$27,302,527
74$31,910,331$22,552,973$20,306,459$29,457,657
75$35,125,792$23,618,676$20,947,333$31,805,048
76$38,667,990$24,735,357$21,608,435$34,363,064
77$42,570,211$25,905,476$22,290,404$37,151,883
78$46,869,139$27,131,611$22,993,899$40,193,682
79$51,605,195$28,416,464$23,719,599$43,512,838
80$56,822,925$29,762,871$24,468,205$47,136,146
81$62,571,414$31,173,802$25,240,441$51,093,064
82$68,904,754$32,652,374$26,037,051$55,415,984
83$75,882,553$34,201,855$26,858,807$60,140,525
84$83,570,497$35,825,669$27,706,501$65,305,857
85$92,040,971$37,527,411$28,580,952$70,955,066
86$101,373,742$39,310,845$29,483,005$77,135,540
87$111,656,710$41,179,923$30,413,532$83,899,415
88$122,986,740$43,138,785$31,373,431$91,304,042
89$135,470,576$45,191,774$32,363,630$99,412,525
90$149,225,848$47,343,444$33,385,084$108,294,300
91$164,382,182$49,598,570$34,438,782$118,025,771
92$181,082,423$51,962,159$35,525,740$128,691,023
93$199,483,987$54,439,461$36,647,009$140,382,596
94$219,760,342$57,035,983$37,803,672$153,202,338
95$242,102,648$59,757,497$38,996,846$167,262,359
96$266,721,562$62,610,059$40,227,685$182,686,058
97$293,849,225$65,600,015$41,497,376$199,609,281
98$323,741,455$68,734,025$42,807,147$218,181,571
99$356,680,160$72,019,069$44,158,263$238,567,569
100$392,976,001$75,462,468$45,552,029$260,948,538