Can I retire at age 68 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,288,748
2 years$670,444$657,958$645,856$634,123$622,742$603,629
3 years$442,523$429,982$417,912$406,289$395,093$376,472
4 years$328,585$316,083$304,133$292,708$281,784$263,798
5 years$260,239$247,813$236,019$224,828$214,208$196,909
6 years$214,691$202,358$190,739$179,797$169,495$152,905
7 years$182,169$169,940$158,505$147,821$137,845$121,968
8 years$157,789$145,670$134,425$124,003$114,356$99,190
9 years$138,836$126,832$115,780$105,623$96,304$81,842
10 years$123,683$111,796$100,940$91,048$82,056$68,287
11 years$111,293$99,525$88,866$79,239$70,571$57,481
12 years$100,976$89,329$78,866$69,503$61,155$48,729
13 years$92,252$80,727$70,462$61,361$53,328$41,549
14 years$84,782$73,379$63,310$54,470$46,747$35,596
15 years$78,313$67,033$57,160$48,577$41,160$30,617
16 years$72,658$61,501$51,824$43,496$36,377$26,422
17 years$67,674$56,640$47,158$39,081$32,255$22,867
18 years$63,249$52,338$43,049$35,219$28,679$19,837
19 years$59,294$48,506$39,409$31,824$25,563$17,243
20 years$55,738$45,075$36,168$28,823$22,833$15,015
21 years$52,526$41,985$33,268$26,158$20,433$13,095
22 years$49,610$39,192$30,661$23,784$18,315$11,435
23 years$46,951$36,655$28,310$21,660$16,441$9,997
24 years$44,517$34,343$26,182$19,756$14,777$8,748
25 years$42,282$32,230$24,250$18,042$13,297$7,662
26 years$40,222$30,291$22,491$16,497$11,978$6,715
27 years$38,317$28,507$20,885$15,100$10,799$5,889
28 years$36,552$26,862$19,415$13,835$9,744$5,168
29 years$34,912$25,341$18,067$12,687$8,799$4,537
30 years$33,383$23,932$16,829$11,643$7,950$3,985
31 years$31,956$22,624$15,689$10,693$7,188$3,502
32 years$30,621$21,407$14,638$9,827$6,502$3,078
33 years$29,370$20,273$13,668$9,037$5,884$2,706
34 years$28,195$19,214$12,770$8,315$5,327$2,380
35 years$27,089$18,224$11,939$7,654$4,825$2,093
36 years$26,047$17,297$11,169$7,049$4,372$1,842
37 years$25,064$16,428$10,454$6,495$3,962$1,621
38 years$24,134$15,613$9,790$5,987$3,592$1,426
39 years$23,255$14,846$9,172$5,520$3,258$1,255
40 years$22,421$14,125$8,597$5,091$2,955$1,105
41 years$21,631$13,446$8,061$4,698$2,681$973
42 years$20,880$12,805$7,562$4,335$2,432$857
43 years$20,165$12,201$7,096$4,002$2,208$754
44 years$19,486$11,630$6,660$3,695$2,004$664
45 years$18,838$11,090$6,254$3,413$1,819$585
46 years$18,220$10,580$5,874$3,152$1,652$515
47 years$17,630$10,096$5,518$2,912$1,500$454
48 years$17,067$9,638$5,186$2,691$1,362$400
49 years$16,528$9,204$4,874$2,487$1,237$352
50 years$16,012$8,792$4,582$2,299$1,124$310

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $16,400,000, adding $5,908 every year, while hoping to spend $20,094 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: 36/50/14 Blend
67$16,400,000$16,400,000$16,400,000$16,400,000
68$18,078,894$17,209,694$16,955,494$18,651,632
69$19,901,561$18,031,589$17,502,123$19,886,707
70$21,909,467$18,893,084$18,066,391$21,216,826
71$24,121,485$19,796,097$18,648,867$22,652,332
72$26,558,412$20,742,641$19,250,140$24,202,618
73$29,243,166$21,734,827$19,870,816$25,877,969
74$32,201,003$22,774,867$20,511,522$27,689,657
75$35,459,753$23,865,083$21,172,905$29,650,034
76$39,050,084$25,007,908$21,855,634$31,772,640
77$43,005,792$26,205,895$22,560,397$34,072,320
78$47,364,119$27,461,721$23,287,907$36,565,356
79$52,166,105$28,778,191$24,038,898$39,269,608
80$57,456,976$30,158,250$24,814,128$42,204,672
81$63,286,568$31,604,985$25,614,382$45,392,051
82$69,709,801$33,121,632$26,440,467$48,855,349
83$76,787,196$34,711,588$27,293,218$52,620,475
84$84,585,446$36,378,411$28,173,497$56,715,882
85$93,178,045$38,125,837$29,082,193$61,172,812
86$102,645,983$39,957,780$30,020,223$66,025,583
87$113,078,509$41,878,348$30,988,537$71,311,893
88$124,573,976$43,891,846$31,988,112$77,073,161
89$137,240,767$46,002,792$33,019,959$83,354,899
90$151,198,318$48,215,921$34,085,121$90,207,126
91$166,578,248$50,536,203$35,184,673$97,684,819
92$183,525,598$52,968,845$36,319,729$105,848,412
93$202,200,203$55,519,313$37,491,434$114,764,346
94$222,778,201$58,193,336$38,700,974$124,505,676
95$245,453,691$60,996,924$39,949,571$135,152,735
96$270,440,574$63,936,379$41,238,488$146,793,868
97$297,974,563$67,018,312$42,569,027$159,526,244
98$328,315,413$70,249,655$43,942,535$173,456,744
99$361,749,375$73,637,677$45,360,399$188,702,943
100$398,591,893$77,190,006$46,824,055$205,394,192