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%18.2%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,272,089
2 years$674,532$661,969$649,794$637,990$626,540$582,992
3 years$445,221$432,604$420,460$408,766$397,502$355,419
4 years$330,588$318,010$305,987$294,493$283,502$243,205
5 years$261,826$249,324$237,459$226,199$215,514$177,110
6 years$216,000$203,592$191,902$180,893$170,529$134,050
7 years$183,280$170,976$159,471$148,722$138,686$104,126
8 years$158,751$146,558$135,244$124,759$115,053$82,388
9 years$139,683$127,605$116,486$106,267$96,891$66,081
10 years$124,437$112,478$101,555$91,603$82,556$53,553
11 years$111,972$100,132$89,407$79,722$71,001$43,749
12 years$101,592$89,873$79,347$69,927$61,528$35,966
13 years$92,815$81,219$70,891$61,735$53,654$29,717
14 years$85,299$73,826$63,696$54,802$47,032$24,654
15 years$78,790$67,441$57,509$48,873$41,411$20,522
16 years$73,101$61,876$52,140$43,761$36,599$17,128
17 years$68,087$56,986$47,446$39,319$32,451$14,327
18 years$63,634$52,657$43,312$35,434$28,854$12,007
19 years$59,655$48,802$39,650$32,018$25,718$10,078
20 years$56,078$45,349$36,389$28,998$22,972$8,469
21 years$52,846$42,241$33,470$26,318$20,558$7,125
22 years$49,912$39,431$30,848$23,929$18,427$5,999
23 years$47,237$36,879$28,483$21,793$16,541$5,056
24 years$44,789$34,553$26,342$19,876$14,867$4,263
25 years$42,540$32,426$24,398$18,152$13,378$3,596
26 years$40,467$30,475$22,628$16,597$12,051$3,035
27 years$38,551$28,681$21,012$15,192$10,865$2,563
28 years$36,775$27,026$19,533$13,919$9,804$2,164
29 years$35,124$25,496$18,177$12,764$8,852$1,829
30 years$33,587$24,078$16,932$11,714$7,999$1,545
31 years$32,151$22,762$15,785$10,759$7,232$1,306
32 years$30,808$21,537$14,727$9,887$6,541$1,104
33 years$29,549$20,396$13,751$9,092$5,920$933
34 years$28,367$19,331$12,848$8,366$5,360$789
35 years$27,254$18,335$12,012$7,701$4,855$667
36 years$26,206$17,403$11,237$7,092$4,399$564
37 years$25,216$16,529$10,518$6,535$3,987$477
38 years$24,281$15,708$9,849$6,023$3,614$404
39 years$23,397$14,937$9,228$5,554$3,277$341
40 years$22,558$14,211$8,649$5,123$2,973$289
41 years$21,763$13,528$8,110$4,726$2,697$244
42 years$21,007$12,883$7,608$4,362$2,447$207
43 years$20,288$12,275$7,139$4,026$2,221$175
44 years$19,604$11,701$6,701$3,718$2,016$148
45 years$18,953$11,158$6,292$3,433$1,830$125
46 years$18,331$10,644$5,910$3,171$1,662$106
47 years$17,738$10,158$5,552$2,930$1,509$89
48 years$17,171$9,697$5,217$2,707$1,370$76
49 years$16,629$9,260$4,904$2,502$1,245$64
50 years$16,110$8,846$4,610$2,313$1,130$54

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 $3,711 every year, while hoping to spend $54,025 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: 69/18/13 Blend
67$16,500,000$16,500,000$16,500,000$16,500,000
68$18,186,828$17,312,328$17,056,578$19,389,131
69$19,984,402$18,103,150$17,570,491$20,979,463
70$21,963,518$18,930,911$18,099,810$22,711,909
71$24,142,637$19,797,365$18,644,993$24,605,875
72$26,542,098$20,704,349$19,206,513$26,677,238
73$29,184,318$21,653,788$19,784,857$28,943,472
74$32,093,994$22,647,699$20,380,525$31,423,804
75$35,298,343$23,688,198$20,994,034$34,139,398
76$38,827,354$24,777,500$21,625,914$37,113,548
77$42,714,075$25,917,928$22,276,713$40,371,895
78$46,994,921$27,111,916$22,946,993$43,942,662
79$51,710,019$28,362,017$23,637,334$47,856,923
80$56,903,588$29,670,903$24,348,332$52,148,886
81$62,624,354$31,041,377$25,080,601$56,856,212
82$68,926,012$32,476,378$25,834,775$62,020,370
83$75,867,729$33,978,984$26,611,503$67,687,018
84$83,514,705$35,552,422$27,411,457$73,906,434
85$91,938,790$37,200,076$28,235,325$80,733,982
86$101,219,158$38,925,491$29,083,820$88,230,628
87$111,443,055$40,732,383$29,957,671$96,463,515
88$122,706,625$42,624,649$30,857,632$105,506,585
89$135,115,816$44,606,371$31,784,477$115,441,273
90$148,787,377$46,681,831$32,739,005$126,357,270
91$163,849,964$48,855,516$33,722,036$138,353,361
92$180,445,353$51,132,129$34,734,417$151,538,350
93$198,729,776$53,516,600$35,777,017$166,032,083
94$218,875,399$56,014,099$36,850,733$181,966,568
95$241,071,944$58,630,044$37,956,487$199,487,211
96$265,528,481$61,370,115$39,095,228$218,754,187
97$292,475,402$64,240,266$40,267,934$239,943,937
98$322,166,593$67,246,740$41,475,610$263,250,825
99$354,881,835$70,396,079$42,719,292$288,888,966
100$390,929,440$73,695,146$44,000,047$317,094,233