Can I retire at age 68 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,295,696
2 years$690,884$678,017$665,547$653,456$641,728$590,026
3 years$456,014$443,092$430,653$418,676$407,139$357,294
4 years$338,602$325,719$313,405$301,632$290,375$242,767
5 years$268,174$255,368$243,215$231,683$220,738$175,491
6 years$221,236$208,527$196,554$185,278$174,663$131,805
7 years$187,723$175,121$163,337$152,328$142,048$101,566
8 years$162,599$150,111$138,523$127,784$117,842$79,698
9 years$143,069$130,698$119,310$108,843$99,240$63,378
10 years$127,454$115,204$104,017$93,824$84,558$50,909
11 years$114,686$102,560$91,575$81,655$72,722$41,212
12 years$104,054$92,052$81,270$71,622$63,020$33,566
13 years$95,065$83,188$72,610$63,232$54,954$27,470
14 years$87,366$75,616$65,240$56,130$48,173$22,568
15 years$80,700$69,076$58,903$50,058$42,415$18,599
16 years$74,873$63,376$53,404$44,822$37,487$15,366
17 years$69,737$58,367$48,596$40,272$33,238$12,722
18 years$65,177$53,934$44,362$36,293$29,554$10,551
19 years$61,101$49,985$40,611$32,794$26,342$8,762
20 years$57,438$46,449$37,271$29,701$23,529$7,285
21 years$54,127$43,265$34,282$26,956$21,056$6,062
22 years$51,122$40,386$31,596$24,509$18,874$5,049
23 years$48,382$37,773$29,173$22,321$16,942$4,208
24 years$45,874$35,391$26,980$20,358$15,228$3,509
25 years$43,571$33,212$24,989$18,592$13,703$2,927
26 years$41,448$31,214$23,176$17,000$12,343$2,443
27 years$39,485$29,376$21,521$15,560$11,128$2,039
28 years$37,666$27,681$20,007$14,256$10,041$1,703
29 years$35,976$26,114$18,618$13,073$9,067$1,422
30 years$34,401$24,662$17,342$11,998$8,193$1,188
31 years$32,931$23,314$16,167$11,019$7,407$993
32 years$31,555$22,059$15,084$10,127$6,700$829
33 years$30,265$20,891$14,084$9,313$6,064$693
34 years$29,054$19,800$13,160$8,568$5,490$579
35 years$27,915$18,780$12,303$7,888$4,972$484
36 years$26,841$17,825$11,510$7,264$4,505$405
37 years$25,828$16,929$10,773$6,693$4,083$338
38 years$24,870$16,089$10,088$6,169$3,702$283
39 years$23,964$15,299$9,452$5,688$3,357$236
40 years$23,105$14,556$8,859$5,247$3,045$198
41 years$22,290$13,856$8,307$4,841$2,762$165
42 years$21,516$13,196$7,792$4,467$2,507$138
43 years$20,780$12,573$7,312$4,124$2,275$115
44 years$20,080$11,984$6,863$3,808$2,065$97
45 years$19,412$11,428$6,445$3,517$1,875$81
46 years$18,775$10,902$6,053$3,248$1,702$67
47 years$18,168$10,404$5,687$3,001$1,545$56
48 years$17,587$9,932$5,344$2,773$1,404$47
49 years$17,032$9,484$5,023$2,563$1,275$39
50 years$16,500$9,060$4,722$2,369$1,158$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $16,900,000, adding $4,061 every year, while hoping to spend $56,582 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: 39/32/29 Blend
67$16,900,000$16,900,000$16,900,000$16,900,000
68$18,627,989$17,732,289$17,470,339$19,194,161
69$20,467,841$18,540,968$17,995,392$20,417,914
70$22,493,462$19,387,377$18,536,139$21,734,801
71$24,723,739$20,273,303$19,093,044$23,157,757
72$27,179,488$21,200,621$19,666,588$24,696,503
73$29,883,641$22,171,297$20,257,264$26,361,700
74$32,861,471$23,187,390$20,865,582$28,165,056
75$36,140,826$24,251,056$21,492,063$30,119,418
76$39,752,390$25,364,558$22,137,247$32,238,897
77$43,729,977$26,530,265$22,801,689$34,538,986
78$48,110,848$27,750,662$23,485,959$37,036,704
79$52,936,061$29,028,350$24,190,645$39,750,747
80$58,250,860$30,366,060$24,916,352$42,701,657
81$64,105,101$31,766,650$25,663,703$45,912,009
82$70,553,723$33,233,118$26,433,338$49,406,612
83$77,657,266$34,768,604$27,225,919$53,212,738
84$85,482,444$36,376,402$28,042,123$57,360,368
85$94,102,769$38,059,962$28,882,651$61,882,464
86$103,599,253$39,822,901$29,748,221$66,815,274
87$114,061,166$41,669,012$30,639,575$72,198,659
88$125,586,879$43,602,268$31,557,475$78,076,460
89$138,284,796$45,626,835$32,502,706$84,496,900
90$152,274,375$47,747,080$33,476,077$91,513,029
91$167,687,254$49,967,579$34,478,417$99,183,206
92$184,668,494$52,293,131$35,510,585$107,571,646
93$203,377,951$54,728,764$36,573,460$116,749,001
94$223,991,780$57,279,752$37,667,949$126,793,024
95$246,704,102$59,951,621$38,794,986$137,789,276
96$271,728,834$62,750,163$39,955,531$149,831,930
97$299,301,707$65,681,453$41,150,573$163,024,632
98$329,682,494$68,751,857$42,381,130$177,481,471
99$363,157,459$71,968,049$43,648,249$193,328,031
100$400,042,062$75,337,026$44,953,008$210,702,564