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%19.2%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,259,356
2 years$670,444$657,958$645,856$634,123$622,742$574,524
3 years$442,523$429,982$417,912$406,289$395,093$348,576
4 years$328,585$316,083$304,133$292,708$281,784$237,322
5 years$260,239$247,813$236,019$224,828$214,208$171,917
6 years$214,691$202,358$190,739$179,797$169,495$129,405
7 years$182,169$169,940$158,505$147,821$137,845$99,946
8 years$157,789$145,670$134,425$124,003$114,356$78,613
9 years$138,836$126,832$115,780$105,623$96,304$62,669
10 years$123,683$111,796$100,940$91,048$82,056$50,468
11 years$111,293$99,525$88,866$79,239$70,571$40,961
12 years$100,976$89,329$78,866$69,503$61,155$33,451
13 years$92,252$80,727$70,462$61,361$53,328$27,451
14 years$84,782$73,379$63,310$54,470$46,747$22,616
15 years$78,313$67,033$57,160$48,577$41,160$18,691
16 years$72,658$61,501$51,824$43,496$36,377$15,488
17 years$67,674$56,640$47,158$39,081$32,255$12,861
18 years$63,249$52,338$43,049$35,219$28,679$10,697
19 years$59,294$48,506$39,409$31,824$25,563$8,911
20 years$55,738$45,075$36,168$28,823$22,833$7,431
21 years$52,526$41,985$33,268$26,158$20,433$6,204
22 years$49,610$39,192$30,661$23,784$18,315$5,183
23 years$46,951$36,655$28,310$21,660$16,441$4,333
24 years$44,517$34,343$26,182$19,756$14,777$3,625
25 years$42,282$32,230$24,250$18,042$13,297$3,034
26 years$40,222$30,291$22,491$16,497$11,978$2,540
27 years$38,317$28,507$20,885$15,100$10,799$2,127
28 years$36,552$26,862$19,415$13,835$9,744$1,782
29 years$34,912$25,341$18,067$12,687$8,799$1,493
30 years$33,383$23,932$16,829$11,643$7,950$1,251
31 years$31,956$22,624$15,689$10,693$7,188$1,049
32 years$30,621$21,407$14,638$9,827$6,502$879
33 years$29,370$20,273$13,668$9,037$5,884$737
34 years$28,195$19,214$12,770$8,315$5,327$618
35 years$27,089$18,224$11,939$7,654$4,825$518
36 years$26,047$17,297$11,169$7,049$4,372$435
37 years$25,064$16,428$10,454$6,495$3,962$365
38 years$24,134$15,613$9,790$5,987$3,592$306
39 years$23,255$14,846$9,172$5,520$3,258$257
40 years$22,421$14,125$8,597$5,091$2,955$215
41 years$21,631$13,446$8,061$4,698$2,681$180
42 years$20,880$12,805$7,562$4,335$2,432$151
43 years$20,165$12,201$7,096$4,002$2,208$127
44 years$19,486$11,630$6,660$3,695$2,004$107
45 years$18,838$11,090$6,254$3,413$1,819$89
46 years$18,220$10,580$5,874$3,152$1,652$75
47 years$17,630$10,096$5,518$2,912$1,500$63
48 years$17,067$9,638$5,186$2,691$1,362$53
49 years$16,528$9,204$4,874$2,487$1,237$44
50 years$16,012$8,792$4,582$2,299$1,124$37

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 $3,176 every year, while hoping to spend $47,200 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: 51/28/21 Blend
67$16,400,000$16,400,000$16,400,000$16,400,000
68$18,076,076$17,206,876$16,952,676$18,892,206
69$19,869,615$17,999,793$17,470,370$20,249,357
70$21,844,514$18,829,980$18,003,825$21,719,025
71$24,019,220$19,699,215$18,553,519$23,315,987
72$26,414,063$20,609,359$19,119,945$25,052,321
73$29,051,444$21,562,364$19,703,609$26,941,301
74$31,956,047$22,560,276$20,305,036$28,997,513
75$35,155,072$23,605,237$20,924,763$31,236,992
76$38,678,492$24,699,497$21,563,345$33,677,364
77$42,559,336$25,845,409$22,221,355$36,338,007
78$46,833,998$27,045,444$22,899,380$39,240,230
79$51,542,584$28,302,190$23,598,028$42,407,464
80$56,729,289$29,618,358$24,317,923$45,865,480
81$62,442,813$30,996,794$25,059,710$49,642,625
82$68,736,821$32,440,478$25,824,051$53,770,078
83$75,670,450$33,952,535$26,611,630$58,282,142
84$83,308,868$35,536,241$27,423,152$63,216,558
85$91,723,885$37,195,029$28,259,340$68,614,850
86$100,994,635$38,932,500$29,120,942$74,522,714
87$111,208,322$40,752,426$30,008,727$80,990,435
88$122,461,040$42,658,764$30,923,489$88,073,354
89$134,858,683$44,655,662$31,866,043$95,832,381
90$148,517,945$46,747,465$32,837,232$104,334,559
91$163,567,417$48,938,733$33,837,921$113,653,688
92$180,148,806$51,234,243$34,869,003$123,871,006
93$198,418,268$53,639,004$35,931,399$135,075,948
94$218,547,885$56,158,269$37,026,054$147,366,974
95$240,727,288$58,797,543$38,153,945$160,852,492
96$265,165,446$61,562,598$39,316,078$175,651,859
97$292,092,643$64,459,486$40,513,487$191,896,502
98$321,762,643$67,494,552$41,747,240$209,731,137
99$354,455,095$70,674,447$43,018,435$229,315,124
100$390,478,165$74,006,146$44,328,203$250,823,954