Can I retire at age 68 with 17,000,000?

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 $17,000,000?

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$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,313,789
2 years$694,972$682,029$669,485$657,323$645,526$603,763
3 years$458,713$445,714$433,201$421,153$409,548$369,148
4 years$340,606$327,647$315,260$303,417$292,093$253,365
5 years$269,760$256,879$244,654$233,053$222,044$185,093
6 years$222,546$209,761$197,717$186,375$175,696$140,554
7 years$188,834$176,157$164,304$153,229$142,888$109,552
8 years$163,562$150,999$139,343$128,540$118,539$86,989
9 years$143,916$131,472$120,016$109,487$99,827$70,027
10 years$128,208$115,886$104,632$94,379$85,058$56,965
11 years$115,365$103,166$92,117$82,138$73,153$46,717
12 years$104,670$92,597$81,751$72,046$63,393$38,560
13 years$95,628$83,680$73,039$63,606$55,280$31,990
14 years$87,883$76,063$65,626$56,462$48,458$26,651
15 years$81,178$69,485$59,252$50,355$42,666$22,278
16 years$75,316$63,751$53,720$45,087$37,708$18,675
17 years$70,150$58,712$48,883$40,510$33,435$15,690
18 years$65,562$54,253$44,624$36,508$29,729$13,208
19 years$61,463$50,281$40,851$32,988$26,498$11,136
20 years$57,778$46,724$37,491$29,877$23,668$9,402
21 years$54,448$43,521$34,485$27,115$21,180$7,946
22 years$51,425$40,625$31,783$24,654$18,985$6,722
23 years$48,669$37,996$29,346$22,453$17,042$5,692
24 years$46,146$35,600$27,140$20,478$15,318$4,822
25 years$43,829$33,409$25,137$18,702$13,784$4,088
26 years$41,693$31,399$23,313$17,100$12,416$3,467
27 years$39,719$29,550$21,649$15,652$11,194$2,941
28 years$37,889$27,845$20,125$14,341$10,101$2,496
29 years$36,189$26,268$18,728$13,151$9,121$2,119
30 years$34,605$24,808$17,445$12,069$8,241$1,800
31 years$33,126$23,452$16,263$11,085$7,451$1,529
32 years$31,742$22,190$15,174$10,187$6,740$1,298
33 years$30,445$21,014$14,168$9,368$6,099$1,103
34 years$29,226$19,917$13,238$8,619$5,522$937
35 years$28,080$18,891$12,376$7,934$5,002$797
36 years$27,000$17,930$11,578$7,307$4,532$677
37 years$25,981$17,029$10,836$6,733$4,107$576
38 years$25,017$16,184$10,148$6,206$3,724$489
39 years$24,106$15,389$9,507$5,722$3,377$416
40 years$23,242$14,642$8,911$5,278$3,063$354
41 years$22,422$13,938$8,356$4,869$2,779$301
42 years$21,643$13,274$7,838$4,494$2,521$256
43 years$20,903$12,647$7,355$4,148$2,288$217
44 years$20,198$12,055$6,904$3,830$2,077$185
45 years$19,527$11,496$6,483$3,537$1,886$157
46 years$18,886$10,967$6,089$3,268$1,712$134
47 years$18,275$10,465$5,720$3,019$1,555$114
48 years$17,691$9,991$5,375$2,790$1,412$97
49 years$17,132$9,541$5,053$2,578$1,282$82
50 years$16,598$9,114$4,750$2,383$1,165$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $17,000,000, adding $2,965 every year, while hoping to spend $31,946 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: 68/24/8 Blend
67$17,000,000$17,000,000$17,000,000$17,000,000
68$18,737,058$17,836,058$17,572,558$19,983,851
69$20,614,248$18,676,035$18,127,249$21,650,981
70$22,681,840$19,556,100$18,699,451$23,469,316
71$24,959,223$20,478,183$19,289,717$25,456,935
72$27,467,759$21,444,310$19,898,618$27,630,403
73$30,230,990$22,456,601$20,526,742$30,007,944
74$33,274,860$23,517,283$21,174,696$32,609,610
75$36,627,953$24,628,687$21,843,106$35,457,460
76$40,321,773$25,793,261$22,532,618$38,575,771
77$44,391,031$27,013,569$23,243,899$41,991,255
78$48,873,982$28,292,299$23,977,635$45,733,313
79$53,812,779$29,632,272$24,734,536$49,834,300
80$59,253,872$31,036,444$25,515,333$54,329,831
81$65,248,452$32,507,914$26,320,781$59,259,107
82$71,852,924$34,049,933$27,151,658$64,665,280
83$79,129,451$35,665,908$28,008,767$70,595,856
84$87,146,531$37,359,413$28,892,936$77,103,134
85$95,979,647$39,134,195$29,805,020$84,244,691
86$105,711,984$40,994,182$30,745,901$92,083,924
87$116,435,204$42,943,495$31,716,486$100,690,636
88$128,250,321$44,986,453$32,717,715$110,141,686
89$141,268,651$47,127,586$33,750,556$120,521,710
90$155,612,859$49,371,644$34,816,005$131,923,908
91$171,418,123$51,723,606$35,915,093$144,450,915
92$188,833,405$54,188,697$37,048,883$158,215,762
93$208,022,862$56,772,392$38,218,469$173,342,928
94$229,167,389$59,480,434$39,424,983$189,969,511
95$252,466,332$62,318,846$40,669,590$208,246,505
96$278,139,370$65,293,941$41,953,493$228,340,217
97$306,428,584$68,412,343$43,277,934$250,433,823
98$337,600,747$71,680,994$44,644,192$274,729,086
99$371,949,838$75,107,178$46,053,587$301,448,247
100$409,799,822$78,698,530$47,507,482$330,836,105