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

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,316,469
2 years$678,620$665,981$653,733$641,856$630,337$623,033
3 years$447,919$435,226$423,008$411,244$399,912$392,768
4 years$332,592$319,937$307,842$296,278$285,220$278,293
5 years$263,413$250,835$238,898$227,570$216,820$210,128
6 years$217,309$204,825$193,065$181,989$171,562$165,115
7 years$184,391$172,012$160,438$149,624$139,526$133,327
8 years$159,713$147,446$136,064$125,515$115,750$109,800
9 years$140,529$128,378$117,192$106,911$97,479$91,775
10 years$125,192$113,159$102,171$92,159$83,057$77,597
11 years$112,651$100,739$89,949$80,206$71,431$66,212
12 years$102,207$90,418$79,828$70,351$61,901$56,918
13 years$93,377$81,711$71,321$62,109$53,979$49,227
14 years$85,816$74,273$64,082$55,134$47,318$42,791
15 years$79,268$67,850$57,857$49,170$41,662$37,356
16 years$73,544$62,251$52,456$44,026$36,821$32,729
17 years$68,499$57,331$47,733$39,557$32,648$28,763
18 years$64,020$52,976$43,574$35,649$29,029$25,346
19 years$60,017$49,098$39,890$32,212$25,874$22,385
20 years$56,418$45,624$36,609$29,174$23,111$19,810
21 years$53,167$42,497$33,673$26,477$20,682$17,561
22 years$50,215$39,670$31,035$24,074$18,539$15,591
23 years$47,523$37,102$28,656$21,925$16,641$13,861
24 years$45,060$34,762$26,501$19,996$14,958$12,337
25 years$42,797$32,623$24,546$18,262$13,460$10,992
26 years$40,712$30,660$22,765$16,698$12,124$9,802
27 years$38,785$28,855$21,139$15,284$10,931$8,749
28 years$36,998$27,190$19,652$14,003$9,863$7,814
29 years$35,337$25,650$18,288$12,841$8,906$6,983
30 years$33,790$24,224$17,034$11,785$8,047$6,244
31 years$32,346$22,900$15,880$10,824$7,275$5,587
32 years$30,995$21,668$14,817$9,947$6,581$5,000
33 years$29,728$20,520$13,834$9,147$5,956$4,477
34 years$28,538$19,448$12,926$8,416$5,392$4,011
35 years$27,419$18,446$12,085$7,748$4,884$3,594
36 years$26,365$17,508$11,305$7,135$4,425$3,221
37 years$25,369$16,629$10,582$6,574$4,011$2,887
38 years$24,429$15,803$9,909$6,060$3,636$2,589
39 years$23,538$15,027$9,284$5,587$3,297$2,322
40 years$22,695$14,297$8,702$5,154$2,991$2,083
41 years$21,894$13,610$8,159$4,755$2,713$1,869
42 years$21,134$12,961$7,654$4,388$2,462$1,677
43 years$20,411$12,350$7,182$4,051$2,234$1,505
44 years$19,723$11,772$6,742$3,740$2,028$1,351
45 years$19,067$11,225$6,330$3,454$1,841$1,213
46 years$18,442$10,709$5,945$3,191$1,672$1,089
47 years$17,845$10,219$5,586$2,948$1,518$977
48 years$17,275$9,756$5,249$2,724$1,379$878
49 years$16,729$9,316$4,934$2,517$1,252$788
50 years$16,207$8,899$4,638$2,327$1,137$708

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 $6,809 every year, while hoping to spend $30,426 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: 76/18/6 Blend
67$16,600,000$16,600,000$16,600,000$16,600,000
68$18,300,223$17,420,423$17,163,123$19,679,792
69$20,134,473$18,241,651$17,705,715$21,408,204
70$22,154,797$19,102,099$18,265,464$23,297,535
71$24,380,141$20,003,658$18,842,912$25,367,439
72$26,831,386$20,948,307$19,438,620$27,635,810
73$29,531,539$21,938,125$20,053,165$30,122,346
74$32,505,952$22,975,290$20,687,143$32,848,729
75$35,782,565$24,062,085$21,341,168$35,838,828
76$39,392,165$25,200,905$22,015,875$39,118,919
77$43,368,676$26,394,260$22,711,917$42,717,929
78$47,749,485$27,644,782$23,429,970$46,667,710
79$52,575,788$28,955,232$24,170,730$51,003,328
80$57,892,983$30,328,504$24,934,914$55,763,396
81$63,751,098$31,767,631$25,723,264$60,990,433
82$70,205,261$33,275,796$26,536,545$66,731,258
83$77,316,223$34,856,335$27,375,544$73,037,429
84$85,150,928$36,512,747$28,241,076$79,965,726
85$93,783,150$38,248,698$29,133,979$87,578,679
86$103,294,184$40,068,036$30,055,119$95,945,155
87$113,773,615$41,974,795$31,005,390$105,141,001
88$125,320,166$43,973,202$31,985,713$115,249,755
89$138,042,626$46,067,693$32,997,038$126,363,427
90$152,060,882$48,262,917$34,040,347$138,583,362
91$167,507,044$50,563,752$35,116,650$152,021,189
92$184,526,697$52,975,310$36,226,992$166,799,870
93$203,280,273$55,502,954$37,372,450$183,054,849
94$223,944,568$58,152,305$38,554,133$200,935,325
95$246,714,406$60,929,261$39,773,189$220,605,654
96$271,804,484$63,840,003$41,030,800$242,246,888
97$299,451,394$66,891,016$42,328,184$266,058,480
98$329,915,858$70,089,098$43,666,600$292,260,150
99$363,485,191$73,441,379$45,047,347$321,093,957
100$400,476,011$76,955,337$46,471,763$352,826,570