Can I retire at age 68 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,283,411
2 years$682,708$669,993$657,671$645,723$634,134$586,033
3 years$450,618$437,848$425,556$413,721$402,321$355,900
4 years$334,595$321,865$309,696$298,063$286,938$242,553
5 years$265,000$252,346$240,337$228,941$218,126$175,892
6 years$218,618$206,059$194,228$183,086$172,596$132,543
7 years$185,501$173,048$161,404$150,525$140,367$102,487
8 years$160,675$148,334$136,884$126,272$116,448$80,707
9 years$141,376$129,152$117,898$107,555$98,066$64,417
10 years$125,946$113,841$102,786$92,714$83,557$51,941
11 years$113,329$101,346$90,491$80,689$71,862$42,213
12 years$102,823$90,963$80,309$70,775$62,274$34,519
13 years$93,940$82,204$71,750$62,484$54,304$28,366
14 years$86,333$74,721$64,468$55,466$47,603$23,402
15 years$79,745$68,259$58,206$49,466$41,913$19,369
16 years$73,987$62,626$52,772$44,291$37,043$16,073
17 years$68,912$57,676$48,021$39,795$32,845$13,366
18 years$64,405$53,296$43,837$35,864$29,204$11,134
19 years$60,378$49,394$40,130$32,406$26,030$9,289
20 years$56,758$45,899$36,830$29,350$23,251$7,759
21 years$53,487$42,753$33,876$26,637$20,807$6,487
22 years$50,517$39,909$31,222$24,219$18,650$5,428
23 years$47,810$37,326$28,828$22,057$16,742$4,545
24 years$45,332$34,972$26,661$20,117$15,048$3,808
25 years$43,055$32,819$24,694$18,372$13,541$3,192
26 years$40,957$30,845$22,902$16,798$12,197$2,677
27 years$39,018$29,029$21,267$15,376$10,997$2,246
28 years$37,221$27,353$19,770$14,088$9,922$1,884
29 years$35,550$25,805$18,398$12,919$8,960$1,581
30 years$33,994$24,370$17,137$11,856$8,096$1,328
31 years$32,541$23,038$15,976$10,889$7,319$1,115
32 years$31,182$21,798$14,906$10,007$6,621$936
33 years$29,907$20,643$13,918$9,202$5,992$786
34 years$28,710$19,565$13,004$8,467$5,425$660
35 years$27,584$18,557$12,158$7,794$4,914$555
36 years$26,523$17,614$11,373$7,178$4,452$466
37 years$25,522$16,729$10,645$6,614$4,035$391
38 years$24,576$15,898$9,969$6,096$3,658$329
39 years$23,680$15,118$9,340$5,621$3,317$276
40 years$22,832$14,383$8,754$5,185$3,009$232
41 years$22,026$13,692$8,209$4,783$2,730$195
42 years$21,262$13,039$7,700$4,415$2,477$164
43 years$20,534$12,424$7,225$4,075$2,248$138
44 years$19,842$11,843$6,782$3,763$2,040$116
45 years$19,182$11,293$6,368$3,475$1,852$97
46 years$18,553$10,773$5,981$3,210$1,682$82
47 years$17,953$10,281$5,619$2,966$1,527$69
48 years$17,379$9,814$5,281$2,740$1,387$58
49 years$16,830$9,372$4,963$2,533$1,260$48
50 years$16,305$8,953$4,666$2,341$1,144$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $16,700,000, adding $4,515 every year, while hoping to spend $29,893 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: 65/26/9 Blend
67$16,700,000$16,700,000$16,700,000$16,700,000
68$18,408,057$17,522,957$17,264,107$19,570,342
69$20,253,873$18,349,776$17,810,649$21,171,835
70$22,286,960$19,216,107$18,374,498$22,916,947
71$24,526,389$20,123,855$18,956,202$24,822,821
72$26,993,174$21,075,017$19,556,328$26,905,107
73$29,710,470$22,071,686$20,175,458$29,181,016
74$32,703,797$23,116,058$20,814,195$31,669,484
75$36,001,274$24,210,434$21,473,159$34,391,335
76$39,633,886$25,357,227$22,152,992$37,369,486
77$43,635,780$26,558,969$22,854,355$40,629,145
78$48,044,582$27,818,311$23,577,929$44,198,052
79$52,901,759$29,138,038$24,324,419$48,106,733
80$58,253,001$30,521,064$25,094,550$52,388,780
81$64,148,661$31,970,450$25,889,070$57,081,164
82$70,644,224$33,489,402$26,708,754$62,224,577
83$77,800,835$35,081,283$27,554,398$67,863,808
84$85,685,874$36,749,620$28,426,824$74,048,160
85$94,373,592$38,498,109$29,326,881$80,831,905
86$103,945,811$40,330,630$30,255,445$88,274,792
87$114,492,699$42,251,246$31,213,417$96,442,602
88$126,113,619$44,264,221$32,201,731$105,407,758
89$138,918,067$46,374,027$33,221,348$115,250,000
90$153,026,705$48,585,350$34,273,259$126,057,130
91$168,572,503$50,903,106$35,358,487$137,925,830
92$185,701,990$53,332,449$36,478,088$150,962,563
93$204,576,640$55,878,787$37,633,151$165,284,569
94$225,374,395$58,547,785$38,824,799$181,020,958
95$248,291,346$61,345,389$40,054,193$198,313,919
96$273,543,582$64,277,832$41,322,527$217,320,048
97$301,369,231$67,351,650$42,631,035$238,211,814
98$332,030,709$70,573,697$43,980,991$261,179,174
99$365,817,195$73,951,162$45,373,708$286,431,350
100$403,047,362$77,491,582$46,810,541$314,198,788