Can I retire at age 68 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,307,989
2 years$674,532$661,969$649,794$637,990$626,540$618,727
3 years$445,221$432,604$420,460$408,766$397,502$389,863
4 years$330,588$318,010$305,987$294,493$283,502$276,095
5 years$261,826$249,324$237,459$226,199$215,514$208,360
6 years$216,000$203,592$191,902$180,893$170,529$163,638
7 years$183,280$170,976$159,471$148,722$138,686$132,061
8 years$158,751$146,558$135,244$124,759$115,053$108,696
9 years$139,683$127,605$116,486$106,267$96,891$90,799
10 years$124,437$112,478$101,555$91,603$82,556$76,726
11 years$111,972$100,132$89,407$79,722$71,001$65,429
12 years$101,592$89,873$79,347$69,927$61,528$56,209
13 years$92,815$81,219$70,891$61,735$53,654$48,583
14 years$85,299$73,826$63,696$54,802$47,032$42,204
15 years$78,790$67,441$57,509$48,873$41,411$36,819
16 years$73,101$61,876$52,140$43,761$36,599$32,237
17 years$68,087$56,986$47,446$39,319$32,451$28,311
18 years$63,634$52,657$43,312$35,434$28,854$24,930
19 years$59,655$48,802$39,650$32,018$25,718$22,002
20 years$56,078$45,349$36,389$28,998$22,972$19,457
21 years$52,846$42,241$33,470$26,318$20,558$17,236
22 years$49,912$39,431$30,848$23,929$18,427$15,291
23 years$47,237$36,879$28,483$21,793$16,541$13,584
24 years$44,789$34,553$26,342$19,876$14,867$12,081
25 years$42,540$32,426$24,398$18,152$13,378$10,755
26 years$40,467$30,475$22,628$16,597$12,051$9,584
27 years$38,551$28,681$21,012$15,192$10,865$8,547
28 years$36,775$27,026$19,533$13,919$9,804$7,628
29 years$35,124$25,496$18,177$12,764$8,852$6,811
30 years$33,587$24,078$16,932$11,714$7,999$6,086
31 years$32,151$22,762$15,785$10,759$7,232$5,440
32 years$30,808$21,537$14,727$9,887$6,541$4,866
33 years$29,549$20,396$13,751$9,092$5,920$4,353
34 years$28,367$19,331$12,848$8,366$5,360$3,896
35 years$27,254$18,335$12,012$7,701$4,855$3,488
36 years$26,206$17,403$11,237$7,092$4,399$3,124
37 years$25,216$16,529$10,518$6,535$3,987$2,798
38 years$24,281$15,708$9,849$6,023$3,614$2,507
39 years$23,397$14,937$9,228$5,554$3,277$2,246
40 years$22,558$14,211$8,649$5,123$2,973$2,013
41 years$21,763$13,528$8,110$4,726$2,697$1,805
42 years$21,007$12,883$7,608$4,362$2,447$1,618
43 years$20,288$12,275$7,139$4,026$2,221$1,451
44 years$19,604$11,701$6,701$3,718$2,016$1,301
45 years$18,953$11,158$6,292$3,433$1,830$1,167
46 years$18,331$10,644$5,910$3,171$1,662$1,047
47 years$17,738$10,158$5,552$2,930$1,509$939
48 years$17,171$9,697$5,217$2,707$1,370$842
49 years$16,629$9,260$4,904$2,502$1,245$756
50 years$16,110$8,846$4,610$2,313$1,130$678

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $16,500,000, adding $2,920 every year, while hoping to spend $35,269 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: 65/16/19 Blend
67$16,500,000$16,500,000$16,500,000$16,500,000
68$18,186,012$17,311,512$17,055,762$19,281,117
69$20,003,459$18,122,250$17,589,604$20,827,120
70$22,005,104$18,971,532$18,140,148$22,511,644
71$24,209,697$19,861,210$18,707,915$24,351,706
72$26,637,902$20,793,224$19,293,446$26,362,537
73$29,312,485$21,769,610$19,897,294$28,560,897
74$32,258,538$22,792,500$20,520,032$30,965,228
75$35,503,708$23,864,132$21,162,253$33,595,827
76$39,078,462$24,986,850$21,824,563$36,475,029
77$43,016,371$26,163,112$22,507,593$39,627,419
78$47,354,433$27,395,496$23,211,989$43,080,056
79$52,133,414$28,686,704$23,938,419$46,862,728
80$57,398,239$30,039,570$24,687,574$51,008,225
81$63,198,414$31,457,064$25,460,162$55,552,645
82$69,588,492$32,942,299$26,256,917$60,535,733
83$76,628,588$34,498,542$27,078,594$66,001,245
84$84,384,950$36,129,216$27,925,972$71,997,361
85$92,930,578$37,837,911$28,799,856$78,577,134
86$102,345,919$39,628,390$29,701,072$85,798,980
87$112,719,621$41,504,601$30,630,477$93,727,230
88$124,149,376$43,470,679$31,588,952$102,432,727
89$136,742,835$45,530,965$32,577,404$111,993,489
90$150,618,628$47,690,007$33,596,771$122,495,439
91$165,907,485$49,952,574$34,648,020$134,033,207
92$182,753,467$52,323,669$35,732,147$146,711,022
93$201,315,327$54,808,535$36,850,181$160,643,679
94$221,768,009$57,412,671$38,003,179$175,957,621
95$244,304,297$60,141,843$39,192,237$192,792,125
96$269,136,639$63,002,097$40,418,481$211,300,601
97$296,499,148$65,999,772$41,683,073$231,652,038
98$326,649,817$69,141,517$42,987,211$254,032,586
99$359,872,949$72,434,301$44,332,133$278,647,305
100$396,481,842$75,885,435$45,719,112$305,722,090