Can I retire at age 68 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,344,960
2 years$703,148$690,053$677,361$665,056$653,120$626,437
3 years$464,109$450,957$438,298$426,108$414,366$388,424
4 years$344,613$331,501$318,968$306,987$295,529$270,528
5 years$272,934$259,901$247,533$235,795$224,657$200,667
6 years$225,164$212,229$200,043$188,567$177,763$154,812
7 years$191,055$178,229$166,237$155,032$144,569$122,662
8 years$165,486$152,776$140,982$130,052$119,934$99,064
9 years$145,609$133,019$121,428$110,776$101,002$81,157
10 years$129,717$117,249$105,863$95,490$86,059$67,219
11 years$116,722$104,380$93,200$83,105$74,013$56,158
12 years$105,901$93,686$82,713$72,894$64,138$47,241
13 years$96,753$84,665$73,899$64,354$55,930$39,963
14 years$88,917$76,958$66,398$57,127$49,028$33,961
15 years$82,133$70,302$59,949$50,947$43,168$28,971
16 years$76,202$64,501$54,352$45,617$38,152$24,792
17 years$70,975$59,403$49,458$40,987$33,828$21,273
18 years$66,334$54,891$45,149$36,937$30,078$18,294
19 years$62,186$50,873$41,332$33,376$26,810$15,763
20 years$58,457$47,273$37,932$30,229$23,947$13,604
21 years$55,088$44,033$34,890$27,434$21,430$11,757
22 years$52,030$41,103$32,157$24,944$19,209$10,172
23 years$49,241$38,443$29,691$22,717$17,243$8,811
24 years$46,689$36,019$27,459$20,719$15,498$7,638
25 years$44,344$33,802$25,433$18,922$13,946$6,626
26 years$42,184$31,768$23,588$17,301$12,562$5,752
27 years$40,186$29,898$21,903$15,836$11,326$4,996
28 years$38,335$28,172$20,362$14,509$10,219$4,342
29 years$36,615$26,577$18,949$13,305$9,228$3,775
30 years$35,012$25,100$17,650$12,211$8,338$3,283
31 years$33,515$23,727$16,454$11,215$7,538$2,856
32 years$32,115$22,451$15,352$10,307$6,819$2,486
33 years$30,803$21,261$14,334$9,478$6,171$2,164
34 years$29,570$20,151$13,393$8,721$5,587$1,884
35 years$28,410$19,113$12,522$8,028$5,061$1,640
36 years$27,318$18,141$11,714$7,393$4,585$1,428
37 years$26,286$17,230$10,964$6,812$4,156$1,244
38 years$25,312$16,374$10,267$6,279$3,768$1,084
39 years$24,389$15,570$9,619$5,789$3,417$944
40 years$23,515$14,814$9,016$5,340$3,099$823
41 years$22,686$14,102$8,454$4,927$2,811$717
42 years$21,898$13,430$7,930$4,547$2,551$625
43 years$21,149$12,796$7,442$4,197$2,315$544
44 years$20,436$12,197$6,985$3,875$2,102$475
45 years$19,757$11,631$6,559$3,579$1,908$414
46 years$19,109$11,096$6,160$3,306$1,732$360
47 years$18,490$10,589$5,788$3,054$1,573$314
48 years$17,899$10,108$5,439$2,822$1,428$274
49 years$17,334$9,653$5,112$2,608$1,297$239
50 years$16,793$9,221$4,806$2,411$1,178$208

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $17,200,000, adding $6,586 every year, while hoping to spend $26,033 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: 46/49/5 Blend
67$17,200,000$17,200,000$17,200,000$17,200,000
68$18,961,193$18,049,593$17,782,993$19,807,923
69$20,867,536$18,906,325$18,351,025$21,246,512
70$22,967,454$19,804,163$18,937,213$22,802,854
71$25,280,662$20,745,096$19,542,138$24,490,440
72$27,828,890$21,731,206$20,166,400$26,321,384
73$30,636,080$22,764,677$20,810,617$28,308,979
74$33,728,615$23,847,801$21,475,427$30,467,809
75$37,135,569$24,982,980$22,161,490$32,813,882
76$40,888,982$26,172,731$22,869,485$35,364,768
77$45,024,160$27,419,695$23,600,114$38,139,758
78$49,580,007$28,726,643$24,354,100$41,160,036
79$54,599,397$30,096,478$25,132,192$44,448,865
80$60,129,575$31,532,245$25,935,160$48,031,801
81$66,222,603$33,037,137$26,763,800$51,936,918
82$72,935,855$34,614,503$27,618,934$56,195,063
83$80,332,553$36,267,855$28,501,409$60,840,133
84$88,482,367$38,000,873$29,412,099$65,909,383
85$97,462,073$39,817,420$30,351,909$71,443,764
86$107,356,276$41,721,545$31,321,769$77,488,294
87$118,258,209$43,717,494$32,322,641$84,092,467
88$130,270,614$45,809,719$33,355,518$91,310,705
89$143,506,712$48,002,890$34,421,423$99,202,855
90$158,091,269$50,301,905$35,521,414$107,834,735
91$174,161,778$52,711,898$36,656,580$117,278,739
92$191,869,753$55,238,254$37,828,049$127,614,498
93$211,382,160$57,886,621$39,036,981$138,929,616
94$232,882,996$60,662,921$40,284,576$151,320,469
95$256,575,023$63,573,365$41,572,070$164,893,097
96$282,681,682$66,624,467$42,900,742$179,764,183
97$311,449,205$69,823,057$44,271,908$196,062,124
98$343,148,936$73,176,299$45,686,929$213,928,224
99$378,079,895$76,691,705$47,147,208$233,517,995
100$416,571,599$80,377,154$48,654,195$255,002,601