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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.6%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,298,332
2 years$686,796$674,005$661,609$649,590$637,931$596,660
3 years$453,316$440,470$428,105$416,198$404,730$364,805
4 years$336,599$323,792$311,551$299,847$288,657$250,384
5 years$266,587$253,857$241,776$230,312$219,432$182,916
6 years$219,927$207,293$195,391$184,182$173,629$138,900
7 years$186,612$174,085$162,371$151,426$141,207$108,264
8 years$161,637$149,223$137,703$127,028$117,145$85,965
9 years$142,223$129,925$118,604$108,199$98,653$69,203
10 years$126,700$114,523$103,402$93,269$84,057$56,295
11 years$114,008$101,953$91,033$81,172$72,292$46,168
12 years$103,439$91,507$80,790$71,199$62,647$38,106
13 years$94,503$82,696$72,180$62,858$54,629$31,614
14 years$86,849$75,168$64,854$55,798$47,888$26,337
15 years$80,223$68,668$58,555$49,762$42,164$22,016
16 years$74,430$63,001$53,088$44,557$37,265$18,455
17 years$69,325$58,022$48,308$40,034$33,041$15,506
18 years$64,791$53,615$44,099$36,078$29,379$13,052
19 years$60,740$49,690$40,371$32,600$26,186$11,005
20 years$57,098$46,174$37,050$29,526$23,390$9,291
21 years$53,807$43,009$34,079$26,796$20,931$7,853
22 years$50,820$40,148$31,409$24,364$18,762$6,643
23 years$48,096$37,549$29,001$22,189$16,842$5,625
24 years$45,603$35,181$26,821$20,237$15,138$4,765
25 years$43,313$33,016$24,841$18,482$13,622$4,039
26 years$41,203$31,029$23,039$16,899$12,270$3,426
27 years$39,252$29,202$21,394$15,468$11,062$2,907
28 years$37,444$27,517$19,888$14,172$9,982$2,467
29 years$35,763$25,959$18,508$12,996$9,013$2,094
30 years$34,198$24,516$17,239$11,927$8,144$1,778
31 years$32,736$23,176$16,072$10,954$7,363$1,511
32 years$31,368$21,929$14,995$10,067$6,660$1,283
33 years$30,086$20,767$14,001$9,258$6,028$1,090
34 years$28,882$19,682$13,082$8,518$5,457$926
35 years$27,750$18,668$12,231$7,841$4,943$787
36 years$26,682$17,719$11,441$7,221$4,479$669
37 years$25,675$16,829$10,709$6,654$4,059$569
38 years$24,723$15,994$10,028$6,133$3,680$483
39 years$23,822$15,208$9,396$5,655$3,337$411
40 years$22,968$14,469$8,807$5,216$3,027$349
41 years$22,158$13,774$8,258$4,812$2,746$297
42 years$21,389$13,117$7,746$4,441$2,492$253
43 years$20,657$12,498$7,269$4,100$2,261$215
44 years$19,961$11,913$6,823$3,785$2,053$183
45 years$19,297$11,361$6,406$3,496$1,863$155
46 years$18,664$10,838$6,017$3,229$1,692$132
47 years$18,060$10,342$5,653$2,983$1,536$112
48 years$17,483$9,873$5,312$2,757$1,395$95
49 years$16,931$9,428$4,993$2,548$1,267$81
50 years$16,403$9,006$4,694$2,355$1,151$69

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 $2,877 every year, while hoping to spend $29,928 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: 38/44/18 Blend
67$16,800,000$16,800,000$16,800,000$16,800,000
68$18,516,568$17,626,168$17,365,768$19,119,889
69$20,373,414$18,458,007$17,915,678$20,386,015
70$22,418,656$19,329,603$18,483,007$21,750,381
71$24,671,478$20,242,872$19,068,307$23,224,254
72$27,153,021$21,199,825$19,672,147$24,817,519
73$29,886,580$22,202,568$20,295,115$26,541,013
74$32,897,827$23,253,309$20,937,816$28,406,620
75$36,215,050$24,354,365$21,600,877$30,427,371
76$39,869,421$25,508,165$22,284,943$32,617,560
77$43,895,291$26,717,255$22,990,678$34,992,872
78$48,330,515$27,984,304$23,718,770$37,570,518
79$53,216,806$29,312,113$24,469,927$40,369,390
80$58,600,130$30,703,617$25,244,880$43,410,229
81$64,531,143$32,161,894$26,044,383$46,715,807
82$71,065,664$33,690,171$26,869,214$50,311,134
83$78,265,204$35,291,832$27,720,175$54,223,681
84$86,197,550$36,970,427$28,598,096$58,483,624
85$94,937,397$38,729,675$29,503,829$63,124,121
86$104,567,061$40,573,479$30,438,257$68,181,606
87$115,177,252$42,505,930$31,402,289$73,696,123
88$126,867,929$44,531,317$32,396,863$79,711,686
89$139,749,247$46,654,141$33,422,947$86,276,680
90$153,942,594$48,879,118$34,481,540$93,444,300
91$169,581,739$51,211,195$35,573,672$101,273,039
92$186,814,092$53,655,559$36,700,406$109,827,217
93$205,802,098$56,217,651$37,862,838$119,177,577
94$226,724,769$58,903,173$39,062,100$129,401,923
95$249,779,375$61,718,107$40,299,360$140,585,843
96$275,183,304$64,668,727$41,575,821$152,823,489
97$303,176,116$67,761,610$42,892,726$166,218,448
98$334,021,805$71,003,654$44,251,357$180,884,691
99$368,011,288$74,402,092$45,653,037$196,947,628
100$405,465,155$77,964,510$47,099,130$214,545,265