Can I retire at age 68 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,334,410
2 years$699,060$686,041$673,423$661,189$649,323$620,079
3 years$461,411$448,335$435,749$423,630$411,957$383,550
4 years$342,609$329,574$317,114$305,202$293,811$266,460
5 years$271,347$258,390$246,093$234,424$223,351$197,132
6 years$223,855$210,995$198,880$187,471$176,730$151,671
7 years$189,945$177,193$165,270$154,130$143,729$119,836
8 years$164,524$151,887$140,162$129,296$119,237$96,501
9 years$144,762$132,245$120,722$110,132$100,415$78,820
10 years$128,962$116,568$105,248$94,934$85,558$65,083
11 years$116,044$103,773$92,659$82,621$73,583$54,201
12 years$105,286$93,141$82,232$72,470$63,765$45,447
13 years$96,190$84,173$73,469$63,980$55,605$38,318
14 years$88,400$76,511$66,012$56,794$48,743$32,453
15 years$81,655$69,894$59,600$50,651$42,917$27,589
16 years$75,759$64,126$54,036$45,352$37,930$23,526
17 years$70,563$59,058$49,171$40,749$33,631$20,114
18 years$65,948$54,572$44,887$36,723$29,904$17,235
19 years$61,824$50,577$41,092$33,182$26,654$14,795
20 years$58,117$46,998$37,712$30,053$23,808$12,720
21 years$54,768$43,777$34,688$27,275$21,305$10,951
22 years$51,727$40,864$31,970$24,799$19,097$9,439
23 years$48,955$38,220$29,519$22,585$17,143$8,144
24 years$46,417$35,809$27,300$20,599$15,408$7,032
25 years$44,086$33,605$25,285$18,812$13,865$6,076
26 years$41,938$31,584$23,451$17,201$12,489$5,254
27 years$39,953$29,724$21,776$15,744$11,260$4,545
28 years$38,112$28,009$20,244$14,425$10,160$3,934
29 years$36,402$26,423$18,838$13,228$9,174$3,406
30 years$34,808$24,954$17,547$12,140$8,290$2,950
31 years$33,320$23,589$16,359$11,150$7,495$2,556
32 years$31,928$22,320$15,263$10,247$6,779$2,215
33 years$30,624$21,138$14,251$9,423$6,135$1,920
34 years$29,398$20,034$13,315$8,670$5,555$1,665
35 years$28,245$19,002$12,449$7,981$5,031$1,443
36 years$27,159$18,035$11,646$7,350$4,559$1,252
37 years$26,133$17,130$10,900$6,772$4,132$1,086
38 years$25,164$16,279$10,208$6,242$3,746$942
39 years$24,247$15,480$9,563$5,756$3,397$817
40 years$23,378$14,728$8,964$5,309$3,081$709
41 years$22,554$14,020$8,405$4,898$2,795$615
42 years$21,771$13,352$7,884$4,520$2,536$534
43 years$21,026$12,722$7,398$4,173$2,302$463
44 years$20,317$12,126$6,945$3,853$2,089$402
45 years$19,642$11,564$6,521$3,558$1,897$349
46 years$18,998$11,031$6,125$3,287$1,722$303
47 years$18,383$10,527$5,754$3,037$1,564$263
48 years$17,795$10,049$5,407$2,806$1,420$228
49 years$17,233$9,597$5,082$2,593$1,290$198
50 years$16,696$9,167$4,778$2,397$1,172$172

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $17,100,000, adding $3,833 every year, while hoping to spend $38,083 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: 71/14/15 Blend
67$17,100,000$17,100,000$17,100,000$17,100,000
68$18,848,154$17,941,854$17,676,804$20,122,126
69$20,730,145$18,780,485$18,228,457$21,807,065
70$22,802,824$19,658,932$18,797,314$23,646,073
71$25,085,599$20,579,107$19,383,911$25,658,347
72$27,599,859$21,543,012$19,988,801$27,861,001
73$30,369,173$22,552,747$20,612,553$30,272,873
74$33,419,511$23,610,515$21,255,757$32,914,697
75$36,779,494$24,718,623$21,919,018$35,809,299
76$40,480,658$25,879,491$22,602,960$38,981,807
77$44,557,754$27,095,655$23,308,229$42,459,882
78$49,049,079$28,369,776$24,035,488$46,273,983
79$53,996,831$29,704,641$24,785,423$50,457,643
80$59,447,514$31,103,174$25,558,740$55,047,785
81$65,452,371$32,568,440$26,356,168$60,085,066
82$72,067,871$34,103,653$27,178,459$65,614,259
83$79,356,242$35,712,180$28,026,385$71,684,665
84$87,386,057$37,397,555$28,900,747$78,350,581
85$96,232,880$39,163,480$29,802,368$85,671,802
86$105,979,983$41,013,840$30,732,096$93,714,181
87$116,719,128$42,952,705$31,690,808$102,550,251
88$128,551,435$44,984,343$32,679,406$112,259,897
89$141,588,336$47,113,231$33,698,821$122,931,107
90$155,952,628$49,344,061$34,750,013$134,660,797
91$171,779,629$51,681,753$35,833,972$147,555,720
92$189,218,460$54,131,468$36,951,719$161,733,466
93$208,433,446$56,698,613$38,104,305$177,323,566
94$229,605,674$59,388,862$39,292,815$194,468,706
95$252,934,698$62,208,161$40,518,370$213,326,069
96$278,640,424$65,162,747$41,782,122$234,068,807
97$306,965,185$68,259,160$43,085,260$256,887,673
98$338,176,030$71,504,254$44,429,013$281,992,809
99$372,567,243$74,905,221$45,814,643$309,615,720
100$410,463,124$78,469,599$47,243,455$340,011,454