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%13.5%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,304,465
2 years$678,620$665,981$653,733$641,856$630,337$610,990
3 years$447,919$435,226$423,008$411,244$399,912$381,063
4 years$332,592$319,937$307,842$296,278$285,220$267,015
5 years$263,413$250,835$238,898$227,570$216,820$199,311
6 years$217,309$204,825$193,065$181,989$171,562$154,769
7 years$184,391$172,012$160,438$149,624$139,526$123,455
8 years$159,713$147,446$136,064$125,515$115,750$100,400
9 years$140,529$128,378$117,192$106,911$97,479$82,840
10 years$125,192$113,159$102,171$92,159$83,057$69,120
11 years$112,651$100,739$89,949$80,206$71,431$58,182
12 years$102,207$90,418$79,828$70,351$61,901$49,324
13 years$93,377$81,711$71,321$62,109$53,979$42,056
14 years$85,816$74,273$64,082$55,134$47,318$36,030
15 years$79,268$67,850$57,857$49,170$41,662$30,990
16 years$73,544$62,251$52,456$44,026$36,821$26,745
17 years$68,499$57,331$47,733$39,557$32,648$23,145
18 years$64,020$52,976$43,574$35,649$29,029$20,079
19 years$60,017$49,098$39,890$32,212$25,874$17,454
20 years$56,418$45,624$36,609$29,174$23,111$15,198
21 years$53,167$42,497$33,673$26,477$20,682$13,255
22 years$50,215$39,670$31,035$24,074$18,539$11,575
23 years$47,523$37,102$28,656$21,925$16,641$10,119
24 years$45,060$34,762$26,501$19,996$14,958$8,855
25 years$42,797$32,623$24,546$18,262$13,460$7,755
26 years$40,712$30,660$22,765$16,698$12,124$6,797
27 years$38,785$28,855$21,139$15,284$10,931$5,961
28 years$36,998$27,190$19,652$14,003$9,863$5,231
29 years$35,337$25,650$18,288$12,841$8,906$4,593
30 years$33,790$24,224$17,034$11,785$8,047$4,034
31 years$32,346$22,900$15,880$10,824$7,275$3,544
32 years$30,995$21,668$14,817$9,947$6,581$3,115
33 years$29,728$20,520$13,834$9,147$5,956$2,739
34 years$28,538$19,448$12,926$8,416$5,392$2,409
35 years$27,419$18,446$12,085$7,748$4,884$2,119
36 years$26,365$17,508$11,305$7,135$4,425$1,864
37 years$25,369$16,629$10,582$6,574$4,011$1,640
38 years$24,429$15,803$9,909$6,060$3,636$1,444
39 years$23,538$15,027$9,284$5,587$3,297$1,271
40 years$22,695$14,297$8,702$5,154$2,991$1,119
41 years$21,894$13,610$8,159$4,755$2,713$985
42 years$21,134$12,961$7,654$4,388$2,462$867
43 years$20,411$12,350$7,182$4,051$2,234$764
44 years$19,723$11,772$6,742$3,740$2,028$672
45 years$19,067$11,225$6,330$3,454$1,841$592
46 years$18,442$10,709$5,945$3,191$1,672$521
47 years$17,845$10,219$5,586$2,948$1,518$459
48 years$17,275$9,756$5,249$2,724$1,379$405
49 years$16,729$9,316$4,934$2,517$1,252$356
50 years$16,207$8,899$4,638$2,327$1,137$314

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 $4,939 every year, while hoping to spend $48,094 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: 62/20/18 Blend
67$16,600,000$16,600,000$16,600,000$16,600,000
68$18,298,295$17,418,495$17,161,195$19,348,621
69$20,113,549$18,220,829$17,684,923$20,859,084
70$22,112,347$19,060,866$18,224,584$22,501,503
71$24,313,361$19,940,402$18,780,662$24,293,429
72$26,737,162$20,861,321$19,353,653$26,249,404
73$29,406,422$21,825,595$19,944,070$28,385,430
74$32,346,122$22,835,294$20,552,441$30,719,105
75$35,583,789$23,892,586$21,179,310$33,269,793
76$39,149,757$24,999,744$21,825,238$36,058,802
77$43,077,450$26,159,150$22,490,802$39,109,576
78$47,403,702$27,373,300$23,176,596$42,447,915
79$52,169,101$28,644,813$23,883,233$46,102,214
80$57,418,373$29,976,433$24,611,345$50,103,725
81$63,200,804$31,371,034$25,361,581$54,486,845
82$69,570,703$32,831,632$26,134,612$59,289,441
83$76,587,920$34,361,388$26,931,126$64,553,193
84$84,318,405$35,963,612$27,751,836$70,323,990
85$92,834,832$37,641,780$28,597,473$76,652,350
86$102,217,287$39,399,529$29,468,791$83,593,895
87$112,554,022$41,240,678$30,366,567$91,209,868
88$123,942,287$43,169,226$31,291,601$99,567,702
89$136,489,249$45,189,367$32,244,719$108,741,652
90$150,313,004$47,305,497$33,226,768$118,813,487
91$165,543,691$49,522,226$34,238,625$129,873,251
92$182,324,718$51,844,386$35,281,190$142,020,110
93$200,814,121$54,277,043$36,355,391$155,363,274
94$221,186,049$56,825,506$37,462,185$170,023,023
95$243,632,414$59,495,344$38,602,556$186,131,830
96$268,364,699$62,292,394$39,777,520$203,835,601
97$295,615,952$65,222,775$40,988,120$223,295,043
98$325,642,991$68,292,903$42,235,435$244,687,173
99$358,728,827$71,509,506$43,520,573$268,206,969
100$395,185,330$74,879,635$44,844,675$294,069,210