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%14.3%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,323,671
2 years$690,884$678,017$665,547$653,456$641,728$617,672
3 years$456,014$443,092$430,653$418,676$407,139$383,734
4 years$338,602$325,719$313,405$301,632$290,375$267,802
5 years$268,174$255,368$243,215$231,683$220,738$199,062
6 years$221,236$208,527$196,554$185,278$174,663$153,908
7 years$187,723$175,121$163,337$152,328$142,048$122,220
8 years$162,599$150,111$138,523$127,784$117,842$98,936
9 years$143,069$130,698$119,310$108,843$99,240$81,246
10 years$127,454$115,204$104,017$93,824$84,558$67,459
11 years$114,686$102,560$91,575$81,655$72,722$56,500
12 years$104,054$92,052$81,270$71,622$63,020$47,652
13 years$95,065$83,188$72,610$63,232$54,954$40,417
14 years$87,366$75,616$65,240$56,130$48,173$34,440
15 years$80,700$69,076$58,903$50,058$42,415$29,461
16 years$74,873$63,376$53,404$44,822$37,487$25,283
17 years$69,737$58,367$48,596$40,272$33,238$21,756
18 years$65,177$53,934$44,362$36,293$29,554$18,764
19 years$61,101$49,985$40,611$32,794$26,342$16,216
20 years$57,438$46,449$37,271$29,701$23,529$14,036
21 years$54,127$43,265$34,282$26,956$21,056$12,168
22 years$51,122$40,386$31,596$24,509$18,874$10,560
23 years$48,382$37,773$29,173$22,321$16,942$9,175
24 years$45,874$35,391$26,980$20,358$15,228$7,979
25 years$43,571$33,212$24,989$18,592$13,703$6,944
26 years$41,448$31,214$23,176$17,000$12,343$6,047
27 years$39,485$29,376$21,521$15,560$11,128$5,270
28 years$37,666$27,681$20,007$14,256$10,041$4,594
29 years$35,976$26,114$18,618$13,073$9,067$4,008
30 years$34,401$24,662$17,342$11,998$8,193$3,497
31 years$32,931$23,314$16,167$11,019$7,407$3,052
32 years$31,555$22,059$15,084$10,127$6,700$2,665
33 years$30,265$20,891$14,084$9,313$6,064$2,328
34 years$29,054$19,800$13,160$8,568$5,490$2,033
35 years$27,915$18,780$12,303$7,888$4,972$1,776
36 years$26,841$17,825$11,510$7,264$4,505$1,552
37 years$25,828$16,929$10,773$6,693$4,083$1,357
38 years$24,870$16,089$10,088$6,169$3,702$1,186
39 years$23,964$15,299$9,452$5,688$3,357$1,037
40 years$23,105$14,556$8,859$5,247$3,045$906
41 years$22,290$13,856$8,307$4,841$2,762$793
42 years$21,516$13,196$7,792$4,467$2,507$693
43 years$20,780$12,573$7,312$4,124$2,275$606
44 years$20,080$11,984$6,863$3,808$2,065$530
45 years$19,412$11,428$6,445$3,517$1,875$464
46 years$18,775$10,902$6,053$3,248$1,702$405
47 years$18,168$10,404$5,687$3,001$1,545$355
48 years$17,587$9,932$5,344$2,773$1,404$310
49 years$17,032$9,484$5,023$2,563$1,275$271
50 years$16,500$9,060$4,722$2,369$1,158$237

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 $6,380 every year, while hoping to spend $33,597 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: 44/38/18 Blend
67$16,900,000$16,900,000$16,900,000$16,900,000
68$18,630,381$17,734,681$17,472,731$19,352,892
69$20,494,933$18,567,933$18,022,321$20,694,310
70$22,548,543$19,440,889$18,589,195$22,143,577
71$24,810,460$20,355,458$19,173,899$23,713,754
72$27,301,894$21,313,643$19,776,992$25,416,029
73$30,046,219$22,317,543$20,399,053$27,262,679
74$33,069,190$23,369,360$21,040,678$29,267,183
75$36,399,190$24,471,400$21,702,483$31,444,335
76$40,067,493$25,626,085$22,385,101$33,810,384
77$44,108,564$26,835,949$23,089,189$36,383,174
78$48,560,380$28,103,654$23,815,420$39,182,304
79$53,464,794$29,431,988$24,564,491$42,229,310
80$58,867,923$30,823,875$25,337,121$45,547,852
81$64,820,586$32,282,380$26,134,050$49,163,932
82$71,378,788$33,810,719$26,956,043$53,106,128
83$78,604,241$35,412,261$27,803,887$57,405,854
84$86,564,952$37,090,540$28,678,396$62,097,644
85$95,335,862$38,849,262$29,580,407$67,219,471
86$104,999,556$40,692,311$30,510,787$72,813,086
87$115,647,039$42,623,763$31,470,426$78,924,407
88$127,378,597$44,647,887$32,460,245$85,603,935
89$140,304,744$46,769,164$33,481,194$92,907,216
90$154,547,264$48,992,289$34,534,251$100,895,358
91$170,240,362$51,322,188$35,620,425$109,635,582
92$187,531,928$53,764,025$36,740,758$119,201,852
93$206,584,936$56,323,213$37,896,324$129,675,548
94$227,578,980$59,005,431$39,088,232$141,146,221
95$250,711,971$61,816,633$40,317,623$153,712,421
96$276,202,006$64,763,061$41,585,677$167,482,606
97$304,289,423$67,851,264$42,893,610$182,576,147
98$335,239,073$71,088,104$44,242,674$199,124,436
99$369,342,819$74,480,782$45,634,165$217,272,101
100$406,922,292$78,036,846$47,069,415$237,178,353