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%18%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,303,969
2 years$690,884$678,017$665,547$653,456$641,728$598,151
3 years$456,014$443,092$430,653$418,676$407,139$365,012
4 years$338,602$325,719$313,405$301,632$290,375$250,021
5 years$268,174$255,368$243,215$231,683$220,738$182,266
6 years$221,236$208,527$196,554$185,278$174,663$138,104
7 years$187,723$175,121$163,337$152,328$142,048$107,398
8 years$162,599$150,111$138,523$127,784$117,842$85,077
9 years$143,069$130,698$119,310$108,843$99,240$68,321
10 years$127,454$115,204$104,017$93,824$84,558$55,438
11 years$114,686$102,560$91,575$81,655$72,722$45,347
12 years$104,054$92,052$81,270$71,622$63,020$37,330
13 years$95,065$83,188$72,610$63,232$54,954$30,886
14 years$87,366$75,616$65,240$56,130$48,173$25,660
15 years$80,700$69,076$58,903$50,058$42,415$21,389
16 years$74,873$63,376$53,404$44,822$37,487$17,878
17 years$69,737$58,367$48,596$40,272$33,238$14,976
18 years$65,177$53,934$44,362$36,293$29,554$12,570
19 years$61,101$49,985$40,611$32,794$26,342$10,566
20 years$57,438$46,449$37,271$29,701$23,529$8,893
21 years$54,127$43,265$34,282$26,956$21,056$7,493
22 years$51,122$40,386$31,596$24,509$18,874$6,319
23 years$48,382$37,773$29,173$22,321$16,942$5,333
24 years$45,874$35,391$26,980$20,358$15,228$4,504
25 years$43,571$33,212$24,989$18,592$13,703$3,806
26 years$41,448$31,214$23,176$17,000$12,343$3,218
27 years$39,485$29,376$21,521$15,560$11,128$2,721
28 years$37,666$27,681$20,007$14,256$10,041$2,302
29 years$35,976$26,114$18,618$13,073$9,067$1,948
30 years$34,401$24,662$17,342$11,998$8,193$1,649
31 years$32,931$23,314$16,167$11,019$7,407$1,396
32 years$31,555$22,059$15,084$10,127$6,700$1,182
33 years$30,265$20,891$14,084$9,313$6,064$1,001
34 years$29,054$19,800$13,160$8,568$5,490$847
35 years$27,915$18,780$12,303$7,888$4,972$718
36 years$26,841$17,825$11,510$7,264$4,505$608
37 years$25,828$16,929$10,773$6,693$4,083$515
38 years$24,870$16,089$10,088$6,169$3,702$436
39 years$23,964$15,299$9,452$5,688$3,357$370
40 years$23,105$14,556$8,859$5,247$3,045$313
41 years$22,290$13,856$8,307$4,841$2,762$265
42 years$21,516$13,196$7,792$4,467$2,507$225
43 years$20,780$12,573$7,312$4,124$2,275$191
44 years$20,080$11,984$6,863$3,808$2,065$161
45 years$19,412$11,428$6,445$3,517$1,875$137
46 years$18,775$10,902$6,053$3,248$1,702$116
47 years$18,168$10,404$5,687$3,001$1,545$98
48 years$17,587$9,932$5,344$2,773$1,404$83
49 years$17,032$9,484$5,023$2,563$1,275$71
50 years$16,500$9,060$4,722$2,369$1,158$60

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 $3,270 every year, while hoping to spend $30,069 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: 81/14/5 Blend
67$16,900,000$16,900,000$16,900,000$16,900,000
68$18,627,173$17,731,473$17,469,523$20,133,461
69$20,495,151$18,568,322$18,022,759$21,955,568
70$22,552,656$19,445,169$18,593,520$23,950,498
71$24,818,986$20,363,942$19,182,363$26,138,924
72$27,315,410$21,326,662$19,789,859$28,540,157
73$30,065,363$22,335,450$20,416,601$31,175,458
74$33,094,671$23,392,527$21,063,197$34,068,238
75$36,431,790$24,500,224$21,730,278$37,244,273
76$40,108,083$25,660,985$22,418,491$40,731,948
77$44,158,104$26,877,370$23,128,508$44,562,521
78$48,619,937$28,152,067$23,861,019$48,770,414
79$53,535,544$29,487,892$24,616,737$53,393,536
80$58,951,169$30,887,798$25,396,397$58,473,635
81$64,917,770$32,354,882$26,200,758$64,056,693
82$71,491,502$33,892,391$27,030,603$70,193,352
83$78,734,247$35,503,730$27,886,739$76,939,390
84$86,714,195$37,192,468$28,770,001$84,356,245
85$95,506,494$38,962,350$29,681,247$92,511,586
86$105,193,952$40,817,301$30,621,364$101,479,954
87$115,867,824$42,761,436$31,591,268$111,343,457
88$127,628,668$44,799,074$32,591,903$122,192,538
89$140,587,303$46,934,739$33,624,242$134,126,830
90$154,865,844$49,173,177$34,689,290$147,256,085
91$170,598,864$51,519,366$35,788,085$161,701,211
92$187,934,657$53,978,525$36,921,695$177,595,400
93$207,036,645$56,556,125$38,091,225$195,085,386
94$228,084,914$59,257,907$39,297,812$214,332,819
95$251,277,919$62,089,887$40,542,632$235,515,789
96$276,834,353$65,058,378$41,826,896$258,830,496
97$304,995,214$68,169,996$43,151,855$284,493,096
98$336,026,082$71,431,682$44,518,798$312,741,736
99$370,219,621$74,850,713$45,929,057$343,838,793
100$407,898,346$78,434,722$47,384,003$378,073,341