Can I retire at age 68 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,289,092
2 years$678,620$665,981$653,733$641,856$630,337$595,699
3 years$447,919$435,226$423,008$411,244$399,912$366,334
4 years$332,592$319,937$307,842$296,278$285,220$252,962
5 years$263,413$250,835$238,898$227,570$216,820$185,970
6 years$217,309$204,825$193,065$181,989$171,562$142,150
7 years$184,391$172,012$160,438$149,624$139,526$111,554
8 years$159,713$147,446$136,064$125,515$115,750$89,205
9 years$140,529$128,378$117,192$106,911$97,479$72,336
10 years$125,192$113,159$102,171$92,159$83,057$59,286
11 years$112,651$100,739$89,949$80,206$71,431$48,997
12 years$102,207$90,418$79,828$70,351$61,901$40,763
13 years$93,377$81,711$71,321$62,109$53,979$34,093
14 years$85,816$74,273$64,082$55,134$47,318$28,639
15 years$79,268$67,850$57,857$49,170$41,662$24,143
16 years$73,544$62,251$52,456$44,026$36,821$20,413
17 years$68,499$57,331$47,733$39,557$32,648$17,302
18 years$64,020$52,976$43,574$35,649$29,029$14,695
19 years$60,017$49,098$39,890$32,212$25,874$12,502
20 years$56,418$45,624$36,609$29,174$23,111$10,652
21 years$53,167$42,497$33,673$26,477$20,682$9,086
22 years$50,215$39,670$31,035$24,074$18,539$7,759
23 years$47,523$37,102$28,656$21,925$16,641$6,632
24 years$45,060$34,762$26,501$19,996$14,958$5,672
25 years$42,797$32,623$24,546$18,262$13,460$4,855
26 years$40,712$30,660$22,765$16,698$12,124$4,157
27 years$38,785$28,855$21,139$15,284$10,931$3,562
28 years$36,998$27,190$19,652$14,003$9,863$3,053
29 years$35,337$25,650$18,288$12,841$8,906$2,617
30 years$33,790$24,224$17,034$11,785$8,047$2,245
31 years$32,346$22,900$15,880$10,824$7,275$1,925
32 years$30,995$21,668$14,817$9,947$6,581$1,652
33 years$29,728$20,520$13,834$9,147$5,956$1,418
34 years$28,538$19,448$12,926$8,416$5,392$1,217
35 years$27,419$18,446$12,085$7,748$4,884$1,045
36 years$26,365$17,508$11,305$7,135$4,425$897
37 years$25,369$16,629$10,582$6,574$4,011$770
38 years$24,429$15,803$9,909$6,060$3,636$661
39 years$23,538$15,027$9,284$5,587$3,297$568
40 years$22,695$14,297$8,702$5,154$2,991$488
41 years$21,894$13,610$8,159$4,755$2,713$419
42 years$21,134$12,961$7,654$4,388$2,462$360
43 years$20,411$12,350$7,182$4,051$2,234$309
44 years$19,723$11,772$6,742$3,740$2,028$265
45 years$19,067$11,225$6,330$3,454$1,841$228
46 years$18,442$10,709$5,945$3,191$1,672$196
47 years$17,845$10,219$5,586$2,948$1,518$168
48 years$17,275$9,756$5,249$2,724$1,379$144
49 years$16,729$9,316$4,934$2,517$1,252$124
50 years$16,207$8,899$4,638$2,327$1,137$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $16,600,000, adding $6,685 every year, while hoping to spend $39,864 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$16,600,000$16,600,000$16,600,000$16,600,000
68$18,300,096$17,420,296$17,162,996$19,401,837
69$20,124,290$18,231,475$17,695,541$20,953,199
70$22,133,217$19,081,066$18,244,591$22,642,711
71$24,345,676$19,970,909$18,810,655$24,488,112
72$26,782,384$20,902,933$19,394,261$26,504,672
73$29,466,170$21,879,160$19,995,952$28,709,186
74$32,422,190$22,901,709$20,616,287$31,120,142
75$35,678,163$23,972,803$21,255,842$33,757,880
76$39,264,637$25,094,771$21,915,214$36,644,789
77$43,215,270$26,270,055$22,595,014$39,805,510
78$47,567,156$27,501,217$23,295,876$43,267,167
79$52,361,168$28,790,938$24,018,450$47,059,615
80$57,642,348$30,142,035$24,763,408$51,215,722
81$63,460,328$31,557,455$25,531,443$55,771,673
82$69,869,805$33,040,293$26,323,269$60,767,303
83$76,931,048$34,593,791$27,139,622$66,246,474
84$84,710,475$36,221,347$27,981,260$72,257,481
85$93,281,276$37,926,526$28,848,965$78,853,502
86$102,724,105$39,713,064$29,743,544$86,093,093
87$113,127,839$41,584,879$30,665,827$94,040,740
88$124,590,418$43,546,078$31,616,672$102,767,454
89$137,219,772$45,600,968$32,596,962$112,351,441
90$151,134,836$47,754,062$33,607,608$122,878,832
91$166,466,674$50,010,095$34,649,547$134,444,487
92$183,359,716$52,374,031$35,723,748$147,152,884
93$201,973,121$54,851,073$36,831,208$161,119,099
94$222,482,282$57,446,678$37,972,955$176,469,883
95$245,080,475$60,166,566$39,150,050$193,344,848
96$269,980,692$63,016,736$40,363,585$211,897,783
97$297,417,645$66,003,478$41,614,687$232,298,088
98$327,649,982$69,133,386$42,904,517$254,732,369
99$360,962,734$72,413,376$44,234,272$279,406,188
100$397,669,998$75,850,697$45,605,186$306,545,994