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%15.6%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,308,865
2 years$686,796$674,005$661,609$649,590$637,931$607,080
3 years$453,316$440,470$428,105$416,198$404,730$374,782
4 years$336,599$323,792$311,551$299,847$288,657$259,843
5 years$266,587$253,857$241,776$230,312$219,432$191,833
6 years$219,927$207,293$195,391$184,182$173,629$147,273
7 years$186,612$174,085$162,371$151,426$141,207$116,099
8 years$161,637$149,223$137,703$127,028$117,145$93,274
9 years$142,223$129,925$118,604$108,199$98,653$76,002
10 years$126,700$114,523$103,402$93,269$84,057$62,601
11 years$114,008$101,953$91,033$81,172$72,292$52,002
12 years$103,439$91,507$80,790$71,199$62,647$43,489
13 years$94,503$82,696$72,180$62,858$54,629$36,569
14 years$86,849$75,168$64,854$55,798$47,888$30,888
15 years$80,223$68,668$58,555$49,762$42,164$26,185
16 years$74,430$63,001$53,088$44,557$37,265$22,266
17 years$69,325$58,022$48,308$40,034$33,041$18,982
18 years$64,791$53,615$44,099$36,078$29,379$16,217
19 years$60,740$49,690$40,371$32,600$26,186$13,880
20 years$57,098$46,174$37,050$29,526$23,390$11,898
21 years$53,807$43,009$34,079$26,796$20,931$10,212
22 years$50,820$40,148$31,409$24,364$18,762$8,774
23 years$48,096$37,549$29,001$22,189$16,842$7,547
24 years$45,603$35,181$26,821$20,237$15,138$6,496
25 years$43,313$33,016$24,841$18,482$13,622$5,595
26 years$41,203$31,029$23,039$16,899$12,270$4,822
27 years$39,252$29,202$21,394$15,468$11,062$4,158
28 years$37,444$27,517$19,888$14,172$9,982$3,587
29 years$35,763$25,959$18,508$12,996$9,013$3,096
30 years$34,198$24,516$17,239$11,927$8,144$2,673
31 years$32,736$23,176$16,072$10,954$7,363$2,308
32 years$31,368$21,929$14,995$10,067$6,660$1,993
33 years$30,086$20,767$14,001$9,258$6,028$1,722
34 years$28,882$19,682$13,082$8,518$5,457$1,488
35 years$27,750$18,668$12,231$7,841$4,943$1,286
36 years$26,682$17,719$11,441$7,221$4,479$1,111
37 years$25,675$16,829$10,709$6,654$4,059$961
38 years$24,723$15,994$10,028$6,133$3,680$831
39 years$23,822$15,208$9,396$5,655$3,337$718
40 years$22,968$14,469$8,807$5,216$3,027$621
41 years$22,158$13,774$8,258$4,812$2,746$537
42 years$21,389$13,117$7,746$4,441$2,492$464
43 years$20,657$12,498$7,269$4,100$2,261$402
44 years$19,961$11,913$6,823$3,785$2,053$347
45 years$19,297$11,361$6,406$3,496$1,863$300
46 years$18,664$10,838$6,017$3,229$1,692$260
47 years$18,060$10,342$5,653$2,983$1,536$225
48 years$17,483$9,873$5,312$2,757$1,395$194
49 years$16,931$9,428$4,993$2,548$1,267$168
50 years$16,403$9,006$4,694$2,355$1,151$145

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 $3,497 every year, while hoping to spend $52,326 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: 72/20/8 Blend
67$16,800,000$16,800,000$16,800,000$16,800,000
68$18,517,207$17,626,807$17,366,407$19,825,942
69$20,350,288$18,434,846$17,892,507$21,498,499
70$22,368,589$19,280,726$18,434,478$23,322,326
71$24,590,948$20,166,244$18,992,796$25,317,734
72$27,038,121$21,093,287$19,567,951$27,501,627
73$29,732,982$22,063,830$20,160,450$29,892,610
74$32,700,733$23,079,944$20,770,812$32,511,158
75$35,969,146$24,143,800$21,399,573$35,379,807
76$39,568,826$25,257,673$22,047,285$38,523,362
77$43,533,493$26,423,946$22,714,516$41,969,125
78$47,900,309$27,645,119$23,401,852$45,747,156
79$52,710,222$28,923,811$24,109,896$49,890,543
80$58,008,355$30,262,768$24,839,267$54,435,717
81$63,844,430$31,664,867$25,590,606$59,422,785
82$70,273,241$33,133,124$26,364,570$64,895,911
83$77,355,165$34,670,701$27,161,837$70,903,721
84$85,156,739$36,280,913$27,983,105$77,499,759
85$93,751,280$37,967,231$28,829,093$84,742,988
86$103,219,585$39,733,299$29,700,542$92,698,339
87$113,650,685$41,582,934$30,598,212$101,437,319
88$125,142,692$43,520,135$31,522,890$111,038,678
89$137,803,723$45,549,097$32,475,383$121,589,146
90$151,752,918$47,674,218$33,456,523$133,184,246
91$167,121,567$49,900,106$34,467,168$145,929,188
92$184,054,348$52,231,593$35,508,200$159,939,850
93$202,710,694$54,673,744$36,580,527$175,343,872
94$223,266,296$57,231,869$37,685,086$192,281,846
95$245,914,761$59,911,533$38,822,839$210,908,634
96$270,869,442$62,718,573$39,994,780$231,394,826
97$298,365,448$65,659,107$41,201,928$253,928,337
98$328,661,868$68,739,547$42,445,337$278,716,169
99$362,044,212$71,966,618$43,726,088$305,986,358
100$398,827,108$75,347,368$45,045,299$335,990,115