Can I retire at age 68 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,307,270
2 years$686,796$674,005$661,609$649,590$637,931$605,498
3 years$453,316$440,470$428,105$416,198$404,730$373,262
4 years$336,599$323,792$311,551$299,847$288,657$258,397
5 years$266,587$253,857$241,776$230,312$219,432$190,466
6 years$219,927$207,293$195,391$184,182$173,629$145,985
7 years$186,612$174,085$162,371$151,426$141,207$114,888
8 years$161,637$149,223$137,703$127,028$117,145$92,140
9 years$142,223$129,925$118,604$108,199$98,653$74,942
10 years$126,700$114,523$103,402$93,269$84,057$61,613
11 years$114,008$101,953$91,033$81,172$72,292$51,083
12 years$103,439$91,507$80,790$71,199$62,647$42,638
13 years$94,503$82,696$72,180$62,858$54,629$35,782
14 years$86,849$75,168$64,854$55,798$47,888$30,161
15 years$80,223$68,668$58,555$49,762$42,164$25,515
16 years$74,430$63,001$53,088$44,557$37,265$21,650
17 years$69,325$58,022$48,308$40,034$33,041$18,417
18 years$64,791$53,615$44,099$36,078$29,379$15,699
19 years$60,740$49,690$40,371$32,600$26,186$13,407
20 years$57,098$46,174$37,050$29,526$23,390$11,466
21 years$53,807$43,009$34,079$26,796$20,931$9,819
22 years$50,820$40,148$31,409$24,364$18,762$8,417
23 years$48,096$37,549$29,001$22,189$16,842$7,222
24 years$45,603$35,181$26,821$20,237$15,138$6,202
25 years$43,313$33,016$24,841$18,482$13,622$5,329
26 years$41,203$31,029$23,039$16,899$12,270$4,582
27 years$39,252$29,202$21,394$15,468$11,062$3,942
28 years$37,444$27,517$19,888$14,172$9,982$3,392
29 years$35,763$25,959$18,508$12,996$9,013$2,920
30 years$34,198$24,516$17,239$11,927$8,144$2,515
31 years$32,736$23,176$16,072$10,954$7,363$2,166
32 years$31,368$21,929$14,995$10,067$6,660$1,866
33 years$30,086$20,767$14,001$9,258$6,028$1,608
34 years$28,882$19,682$13,082$8,518$5,457$1,386
35 years$27,750$18,668$12,231$7,841$4,943$1,195
36 years$26,682$17,719$11,441$7,221$4,479$1,030
37 years$25,675$16,829$10,709$6,654$4,059$888
38 years$24,723$15,994$10,028$6,133$3,680$766
39 years$23,822$15,208$9,396$5,655$3,337$661
40 years$22,968$14,469$8,807$5,216$3,027$570
41 years$22,158$13,774$8,258$4,812$2,746$491
42 years$21,389$13,117$7,746$4,441$2,492$424
43 years$20,657$12,498$7,269$4,100$2,261$366
44 years$19,961$11,913$6,823$3,785$2,053$315
45 years$19,297$11,361$6,406$3,496$1,863$272
46 years$18,664$10,838$6,017$3,229$1,692$235
47 years$18,060$10,342$5,653$2,983$1,536$202
48 years$17,483$9,873$5,312$2,757$1,395$175
49 years$16,931$9,428$4,993$2,548$1,267$151
50 years$16,403$9,006$4,694$2,355$1,151$130

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $16,800,000, adding $2,080 every year, while hoping to spend $57,570 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: 42/39/19 Blend
67$16,800,000$16,800,000$16,800,000$16,800,000
68$18,515,746$17,625,346$17,364,946$19,190,254
69$20,343,098$18,427,733$17,885,417$20,470,824
70$22,354,910$19,267,509$18,421,395$21,850,911
71$24,569,937$20,146,443$18,973,338$23,344,213
72$27,008,844$21,066,392$19,541,718$24,961,147
73$29,694,401$22,029,301$20,127,021$26,713,144
74$32,651,701$23,037,208$20,729,748$28,612,749
75$35,908,393$24,092,249$21,350,412$30,673,735
76$39,494,943$25,196,663$21,989,545$32,911,222
77$43,444,924$26,352,796$22,647,691$35,341,818
78$47,795,330$27,563,107$23,325,413$37,983,760
79$52,586,926$28,830,172$24,023,287$40,857,084
80$57,864,635$30,156,692$24,741,909$43,983,803
81$63,677,956$31,545,498$25,481,891$47,388,106
82$70,081,435$32,999,556$26,243,863$51,096,578
83$77,135,183$34,521,975$27,028,473$55,138,439
84$84,905,433$36,116,014$27,836,389$59,545,809
85$93,465,177$37,785,088$28,668,297$64,354,003
86$102,894,846$39,532,778$29,524,906$69,601,853
87$113,283,072$41,362,835$30,406,942$75,332,059
88$124,727,524$43,279,194$31,315,154$81,591,582
89$137,335,833$45,285,975$32,250,312$88,432,076
90$151,226,601$47,387,502$33,213,211$95,910,359
91$166,530,527$49,588,302$34,204,666$104,088,937
92$183,391,636$51,893,124$35,225,518$113,036,579
93$201,968,640$54,306,944$36,276,630$122,828,948
94$222,436,437$56,834,980$37,358,893$133,549,304
95$244,987,760$59,482,700$38,473,222$145,289,269
96$269,834,996$62,255,837$39,620,559$158,149,674
97$297,212,192$65,160,400$40,801,875$172,241,494
98$327,377,264$68,202,688$42,018,166$187,686,878
99$360,614,431$71,389,305$43,270,460$204,620,276
100$397,236,896$74,727,175$44,559,814$223,189,692