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%16.8%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,271,505
2 years$670,444$657,958$645,856$634,123$622,742$586,487
3 years$442,523$429,982$417,912$406,289$395,093$359,973
4 years$328,585$316,083$304,133$292,708$281,784$248,068
5 years$260,239$247,813$236,019$224,828$214,208$181,988
6 years$214,691$202,358$190,739$179,797$169,495$138,803
7 years$182,169$169,940$158,505$147,821$137,845$108,680
8 years$157,789$145,670$134,425$124,003$114,356$86,703
9 years$138,836$126,832$115,780$105,623$96,304$70,138
10 years$123,683$111,796$100,940$91,048$82,056$57,341
11 years$111,293$99,525$88,866$79,239$70,571$47,268
12 years$100,976$89,329$78,866$69,503$61,155$39,221
13 years$92,252$80,727$70,462$61,361$53,328$32,716
14 years$84,782$73,379$63,310$54,470$46,747$27,406
15 years$78,313$67,033$57,160$48,577$41,160$23,039
16 years$72,658$61,501$51,824$43,496$36,377$19,424
17 years$67,674$56,640$47,158$39,081$32,255$16,415
18 years$63,249$52,338$43,049$35,219$28,679$13,901
19 years$59,294$48,506$39,409$31,824$25,563$11,791
20 years$55,738$45,075$36,168$28,823$22,833$10,015
21 years$52,526$41,985$33,268$26,158$20,433$8,517
22 years$49,610$39,192$30,661$23,784$18,315$7,251
23 years$46,951$36,655$28,310$21,660$16,441$6,178
24 years$44,517$34,343$26,182$19,756$14,777$5,267
25 years$42,282$32,230$24,250$18,042$13,297$4,494
26 years$40,222$30,291$22,491$16,497$11,978$3,836
27 years$38,317$28,507$20,885$15,100$10,799$3,276
28 years$36,552$26,862$19,415$13,835$9,744$2,798
29 years$34,912$25,341$18,067$12,687$8,799$2,391
30 years$33,383$23,932$16,829$11,643$7,950$2,044
31 years$31,956$22,624$15,689$10,693$7,188$1,748
32 years$30,621$21,407$14,638$9,827$6,502$1,494
33 years$29,370$20,273$13,668$9,037$5,884$1,278
34 years$28,195$19,214$12,770$8,315$5,327$1,093
35 years$27,089$18,224$11,939$7,654$4,825$935
36 years$26,047$17,297$11,169$7,049$4,372$800
37 years$25,064$16,428$10,454$6,495$3,962$685
38 years$24,134$15,613$9,790$5,987$3,592$586
39 years$23,255$14,846$9,172$5,520$3,258$502
40 years$22,421$14,125$8,597$5,091$2,955$429
41 years$21,631$13,446$8,061$4,698$2,681$367
42 years$20,880$12,805$7,562$4,335$2,432$315
43 years$20,165$12,201$7,096$4,002$2,208$269
44 years$19,486$11,630$6,660$3,695$2,004$230
45 years$18,838$11,090$6,254$3,413$1,819$197
46 years$18,220$10,580$5,874$3,152$1,652$169
47 years$17,630$10,096$5,518$2,912$1,500$145
48 years$17,067$9,638$5,186$2,691$1,362$124
49 years$16,528$9,204$4,874$2,487$1,237$106
50 years$16,012$8,792$4,582$2,299$1,124$91

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 $5,301 every year, while hoping to spend $30,148 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: 75/15/10 Blend
67$16,400,000$16,400,000$16,400,000$16,400,000
68$18,078,268$17,209,068$16,954,868$19,401,344
69$19,890,174$18,020,235$17,490,779$21,085,182
70$21,885,884$18,870,139$18,043,632$22,925,594
71$24,084,114$19,760,646$18,613,964$24,941,587
72$26,505,489$20,693,712$19,202,327$27,150,573
73$29,172,735$21,671,390$19,809,291$29,571,715
74$32,110,896$22,695,831$20,435,444$32,226,114
75$35,347,570$23,769,288$21,081,394$35,136,995
76$38,913,167$24,894,129$21,747,765$38,329,930
77$42,841,200$26,072,831$22,435,205$41,833,075
78$47,168,597$27,307,994$23,144,379$45,677,427
79$51,936,052$28,602,345$23,875,975$49,897,123
80$57,188,411$29,958,741$24,630,701$54,529,747
81$62,975,089$31,380,179$25,409,290$59,616,690
82$69,350,542$32,869,802$26,212,495$65,203,533
83$76,374,778$34,430,903$27,041,095$71,340,472
84$84,113,928$36,066,940$27,895,893$78,082,789
85$92,640,861$37,781,532$28,777,719$85,491,367
86$102,035,882$39,578,481$29,687,425$93,633,265
87$112,387,483$41,461,768$30,625,895$102,582,339
88$123,793,182$43,435,570$31,594,038$112,419,938
89$136,360,441$45,504,266$32,592,793$123,235,667
90$150,207,681$47,672,451$33,623,126$135,128,223
91$165,465,401$49,944,938$34,686,038$148,206,326
92$182,277,410$52,326,778$35,782,558$162,589,734
93$200,802,182$54,823,266$36,913,750$178,410,368
94$221,214,353$57,439,955$38,080,710$195,813,555
95$243,706,372$60,182,667$39,284,568$214,959,384
96$268,490,314$63,057,510$40,526,493$236,024,219
97$295,799,884$66,070,885$41,807,688$259,202,348
98$325,892,621$69,229,508$43,129,395$284,707,813
99$359,052,334$72,540,420$44,492,895$312,776,422
100$395,591,776$76,011,004$45,899,511$343,667,964