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%20%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,278,341
2 years$682,708$669,993$657,671$645,723$634,134$581,064
3 years$450,618$437,848$425,556$413,721$402,321$351,193
4 years$334,595$321,865$309,696$298,063$286,938$238,141
5 years$265,000$252,346$240,337$228,941$218,126$171,783
6 years$218,618$206,059$194,228$183,086$172,596$128,736
7 years$185,501$173,048$161,404$150,525$140,367$98,974
8 years$160,675$148,334$136,884$126,272$116,448$77,479
9 years$141,376$129,152$117,898$107,555$98,066$61,462
10 years$125,946$113,841$102,786$92,714$83,557$49,245
11 years$113,329$101,346$90,491$80,689$71,862$39,761
12 years$102,823$90,963$80,309$70,775$62,274$32,297
13 years$93,940$82,204$71,750$62,484$54,304$26,359
14 years$86,333$74,721$64,468$55,466$47,603$21,595
15 years$79,745$68,259$58,206$49,466$41,913$17,746
16 years$73,987$62,626$52,772$44,291$37,043$14,619
17 years$68,912$57,676$48,021$39,795$32,845$12,068
18 years$64,405$53,296$43,837$35,864$29,204$9,978
19 years$60,378$49,394$40,130$32,406$26,030$8,261
20 years$56,758$45,899$36,830$29,350$23,251$6,847
21 years$53,487$42,753$33,876$26,637$20,807$5,681
22 years$50,517$39,909$31,222$24,219$18,650$4,717
23 years$47,810$37,326$28,828$22,057$16,742$3,918
24 years$45,332$34,972$26,661$20,117$15,048$3,257
25 years$43,055$32,819$24,694$18,372$13,541$2,708
26 years$40,957$30,845$22,902$16,798$12,197$2,253
27 years$39,018$29,029$21,267$15,376$10,997$1,875
28 years$37,221$27,353$19,770$14,088$9,922$1,560
29 years$35,550$25,805$18,398$12,919$8,960$1,299
30 years$33,994$24,370$17,137$11,856$8,096$1,082
31 years$32,541$23,038$15,976$10,889$7,319$901
32 years$31,182$21,798$14,906$10,007$6,621$750
33 years$29,907$20,643$13,918$9,202$5,992$625
34 years$28,710$19,565$13,004$8,467$5,425$520
35 years$27,584$18,557$12,158$7,794$4,914$434
36 years$26,523$17,614$11,373$7,178$4,452$361
37 years$25,522$16,729$10,645$6,614$4,035$301
38 years$24,576$15,898$9,969$6,096$3,658$251
39 years$23,680$15,118$9,340$5,621$3,317$209
40 years$22,832$14,383$8,754$5,185$3,009$174
41 years$22,026$13,692$8,209$4,783$2,730$145
42 years$21,262$13,039$7,700$4,415$2,477$121
43 years$20,534$12,424$7,225$4,075$2,248$101
44 years$19,842$11,843$6,782$3,763$2,040$84
45 years$19,182$11,293$6,368$3,475$1,852$70
46 years$18,553$10,773$5,981$3,210$1,682$58
47 years$17,953$10,281$5,619$2,966$1,527$49
48 years$17,379$9,814$5,281$2,740$1,387$40
49 years$16,830$9,372$4,963$2,533$1,260$34
50 years$16,305$8,953$4,666$2,341$1,144$28

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 $5,541 every year, while hoping to spend $44,898 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: 38/42/20 Blend
67$16,700,000$16,700,000$16,700,000$16,700,000
68$18,409,116$17,524,016$17,265,166$18,998,064
69$20,239,074$18,334,921$17,795,777$20,234,856
70$22,254,184$19,184,056$18,342,660$21,565,956
71$24,473,283$20,073,247$18,906,311$23,003,594
72$26,917,128$21,004,407$19,487,243$24,557,414
73$29,608,594$21,979,542$20,085,985$26,237,986
74$32,572,887$23,000,756$20,703,082$28,056,906
75$35,837,780$24,070,251$21,339,093$30,026,891
76$39,433,879$25,190,339$21,994,599$32,161,894
77$43,394,911$26,363,442$22,670,194$34,477,231
78$47,758,040$27,592,099$23,366,494$36,989,709
79$52,564,219$28,878,970$24,084,130$39,717,780
80$57,858,576$30,226,846$24,823,755$42,681,709
81$63,690,840$31,638,652$25,586,040$45,903,745
82$70,115,813$33,117,452$26,371,679$49,408,332
83$77,193,880$34,666,462$27,181,385$53,222,322
84$84,991,588$36,289,050$28,015,893$57,375,216
85$93,582,265$37,988,749$28,875,961$61,899,435
86$103,046,720$39,769,262$29,762,370$66,830,613
87$113,474,000$41,634,470$30,675,924$72,207,914
88$124,962,232$43,588,444$31,617,452$78,074,395
89$137,619,552$45,635,449$32,587,808$84,477,396
90$151,565,120$47,779,960$33,587,874$91,468,969
91$166,930,250$50,026,666$34,618,555$99,106,357
92$183,859,646$52,380,483$35,680,787$107,452,516
93$202,512,770$54,846,566$36,775,533$116,576,691
94$223,065,344$57,430,320$37,903,785$126,555,057
95$245,711,014$60,137,410$39,066,567$137,471,410
96$270,663,171$62,973,778$40,264,931$149,417,946
97$298,156,973$65,945,650$41,499,964$162,496,109
98$328,451,555$69,059,559$42,772,784$176,817,523
99$361,832,487$72,322,350$44,084,545$192,505,028
100$398,614,457$75,741,202$45,436,434$209,693,811