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

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,296,071
2 years$674,532$661,969$649,794$637,990$626,540$606,775
3 years$445,221$432,604$420,460$408,766$397,502$378,250
4 years$330,588$318,010$305,987$294,493$283,502$264,910
5 years$261,826$249,324$237,459$226,199$215,514$197,636
6 years$216,000$203,592$191,902$180,893$170,529$153,386
7 years$183,280$170,976$159,471$148,722$138,686$122,283
8 years$158,751$146,558$135,244$124,759$115,053$99,389
9 years$139,683$127,605$116,486$106,267$96,891$81,958
10 years$124,437$112,478$101,555$91,603$82,556$68,342
11 years$111,972$100,132$89,407$79,722$71,001$57,491
12 years$101,592$89,873$79,347$69,927$61,528$48,707
13 years$92,815$81,219$70,891$61,735$53,654$41,503
14 years$85,299$73,826$63,696$54,802$47,032$35,532
15 years$78,790$67,441$57,509$48,873$41,411$30,542
16 years$73,101$61,876$52,140$43,761$36,599$26,339
17 years$68,087$56,986$47,446$39,319$32,451$22,778
18 years$63,634$52,657$43,312$35,434$28,854$19,746
19 years$59,655$48,802$39,650$32,018$25,718$17,152
20 years$56,078$45,349$36,389$28,998$22,972$14,924
21 years$52,846$42,241$33,470$26,318$20,558$13,006
22 years$49,912$39,431$30,848$23,929$18,427$11,349
23 years$47,237$36,879$28,483$21,793$16,541$9,914
24 years$44,789$34,553$26,342$19,876$14,867$8,668
25 years$42,540$32,426$24,398$18,152$13,378$7,586
26 years$40,467$30,475$22,628$16,597$12,051$6,644
27 years$38,551$28,681$21,012$15,192$10,865$5,822
28 years$36,775$27,026$19,533$13,919$9,804$5,105
29 years$35,124$25,496$18,177$12,764$8,852$4,478
30 years$33,587$24,078$16,932$11,714$7,999$3,930
31 years$32,151$22,762$15,785$10,759$7,232$3,450
32 years$30,808$21,537$14,727$9,887$6,541$3,030
33 years$29,549$20,396$13,751$9,092$5,920$2,662
34 years$28,367$19,331$12,848$8,366$5,360$2,339
35 years$27,254$18,335$12,012$7,701$4,855$2,056
36 years$26,206$17,403$11,237$7,092$4,399$1,807
37 years$25,216$16,529$10,518$6,535$3,987$1,589
38 years$24,281$15,708$9,849$6,023$3,614$1,397
39 years$23,397$14,937$9,228$5,554$3,277$1,229
40 years$22,558$14,211$8,649$5,123$2,973$1,081
41 years$21,763$13,528$8,110$4,726$2,697$951
42 years$21,007$12,883$7,608$4,362$2,447$836
43 years$20,288$12,275$7,139$4,026$2,221$736
44 years$19,604$11,701$6,701$3,718$2,016$647
45 years$18,953$11,158$6,292$3,433$1,830$570
46 years$18,331$10,644$5,910$3,171$1,662$501
47 years$17,738$10,158$5,552$2,930$1,509$441
48 years$17,171$9,697$5,217$2,707$1,370$388
49 years$16,629$9,260$4,904$2,502$1,245$342
50 years$16,110$8,846$4,610$2,313$1,130$301

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 $6,306 every year, while hoping to spend $40,437 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: 62/13/25 Blend
67$16,500,000$16,500,000$16,500,000$16,500,000
68$18,189,505$17,315,005$17,059,255$19,196,222
69$20,001,809$18,120,415$17,587,715$20,684,698
70$21,997,614$18,963,936$18,132,524$22,304,213
71$24,195,593$19,847,391$18,694,185$24,071,666
72$26,616,323$20,772,693$19,273,220$26,001,510
73$29,282,481$21,741,847$19,870,166$28,109,651
74$32,219,053$22,756,956$20,485,575$30,413,590
75$35,453,572$23,820,223$21,120,018$32,932,588
76$39,016,379$24,933,957$21,774,081$35,687,842
77$42,940,909$26,100,581$22,448,373$38,702,681
78$47,264,005$27,322,632$23,143,516$42,002,787
79$52,026,264$28,602,771$23,860,154$45,616,427
80$57,272,426$29,943,790$24,598,952$49,574,720
81$63,051,790$31,348,612$25,360,594$53,911,926
82$69,418,682$32,820,304$26,145,784$58,665,764
83$76,432,970$34,362,081$26,955,249$63,877,761
84$84,160,622$35,977,313$27,789,740$69,593,647
85$92,674,337$37,669,533$28,650,028$75,863,770
86$102,054,225$39,442,445$29,536,909$82,743,579
87$112,388,566$41,299,934$30,451,205$90,294,130
88$123,774,640$43,246,072$31,393,761$98,582,664
89$136,319,652$45,285,127$32,365,450$107,683,234
90$150,141,734$47,421,576$33,367,170$117,677,397
91$165,371,069$49,660,112$34,399,849$128,654,978
92$182,151,115$52,005,654$35,464,441$140,714,911
93$200,639,960$54,463,363$36,561,931$153,966,167
94$221,011,814$57,038,646$37,693,333$168,528,772
95$243,458,654$59,737,175$38,859,695$184,534,938
96$268,192,037$62,564,896$40,062,095$202,130,298
97$295,445,093$65,528,045$41,301,644$221,475,273
98$325,474,732$68,633,158$42,579,488$242,746,583
99$358,564,062$71,887,090$43,896,809$266,138,898
100$395,025,068$75,297,029$45,254,823$291,866,674