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

Use the below retirement simulation to view the chances of a successful retirement.
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%19%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,321,837
2 years$703,148$690,053$677,361$665,056$653,120$603,579
3 years$464,109$450,957$438,298$426,108$414,366$366,556
4 years$344,613$331,501$318,968$306,987$295,529$249,815
5 years$272,934$259,901$247,533$235,795$224,657$181,158
6 years$225,164$212,229$200,043$188,567$177,763$136,512
7 years$191,055$178,229$166,237$155,032$144,569$105,555
8 years$165,486$152,776$140,982$130,052$119,934$83,124
9 years$145,609$133,019$121,428$110,776$101,002$66,346
10 years$129,717$117,249$105,863$95,490$86,059$53,496
11 years$116,722$104,380$93,200$83,105$74,013$43,476
12 years$105,901$93,686$82,713$72,894$64,138$35,552
13 years$96,753$84,665$73,899$64,354$55,930$29,215
14 years$88,917$76,958$66,398$57,127$49,028$24,103
15 years$82,133$70,302$59,949$50,947$43,168$19,949
16 years$76,202$64,501$54,352$45,617$38,152$16,554
17 years$70,975$59,403$49,458$40,987$33,828$13,766
18 years$66,334$54,891$45,149$36,937$30,078$11,468
19 years$62,186$50,873$41,332$33,376$26,810$9,567
20 years$58,457$47,273$37,932$30,229$23,947$7,991
21 years$55,088$44,033$34,890$27,434$21,430$6,681
22 years$52,030$41,103$32,157$24,944$19,209$5,591
23 years$49,241$38,443$29,691$22,717$17,243$4,681
24 years$46,689$36,019$27,459$20,719$15,498$3,922
25 years$44,344$33,802$25,433$18,922$13,946$3,288
26 years$42,184$31,768$23,588$17,301$12,562$2,757
27 years$40,186$29,898$21,903$15,836$11,326$2,313
28 years$38,335$28,172$20,362$14,509$10,219$1,941
29 years$36,615$26,577$18,949$13,305$9,228$1,629
30 years$35,012$25,100$17,650$12,211$8,338$1,367
31 years$33,515$23,727$16,454$11,215$7,538$1,148
32 years$32,115$22,451$15,352$10,307$6,819$964
33 years$30,803$21,261$14,334$9,478$6,171$810
34 years$29,570$20,151$13,393$8,721$5,587$680
35 years$28,410$19,113$12,522$8,028$5,061$571
36 years$27,318$18,141$11,714$7,393$4,585$480
37 years$26,286$17,230$10,964$6,812$4,156$403
38 years$25,312$16,374$10,267$6,279$3,768$339
39 years$24,389$15,570$9,619$5,789$3,417$285
40 years$23,515$14,814$9,016$5,340$3,099$239
41 years$22,686$14,102$8,454$4,927$2,811$201
42 years$21,898$13,430$7,930$4,547$2,551$169
43 years$21,149$12,796$7,442$4,197$2,315$142
44 years$20,436$12,197$6,985$3,875$2,102$119
45 years$19,757$11,631$6,559$3,579$1,908$100
46 years$19,109$11,096$6,160$3,306$1,732$84
47 years$18,490$10,589$5,788$3,054$1,573$71
48 years$17,899$10,108$5,439$2,822$1,428$59
49 years$17,334$9,653$5,112$2,608$1,297$50
50 years$16,793$9,221$4,806$2,411$1,178$42

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 $3,958 every year, while hoping to spend $44,078 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: 53/21/26 Blend
67$17,200,000$17,200,000$17,200,000$17,200,000
68$18,958,483$18,046,883$17,780,283$19,825,881
69$20,845,349$18,884,281$18,329,023$21,263,571
70$22,923,199$19,761,235$18,894,670$22,822,447
71$25,211,465$20,679,636$19,477,741$24,518,035
72$27,731,563$21,641,466$20,078,774$26,363,423
73$30,507,090$22,648,805$20,698,320$28,373,001
74$33,564,047$23,703,831$21,336,948$30,562,587
75$36,931,090$24,808,828$21,995,246$32,949,579
76$40,639,791$25,966,191$22,673,816$35,553,107
77$44,724,944$27,178,429$23,373,284$38,394,213
78$49,224,890$28,448,173$24,094,290$41,496,043
79$54,181,876$29,778,182$24,837,497$44,884,058
80$59,642,462$31,171,346$25,603,587$48,586,271
81$65,657,948$32,630,698$26,393,263$52,633,503
82$72,284,872$34,159,415$27,207,249$57,059,667
83$79,585,530$35,760,828$28,046,294$61,902,086
84$87,628,575$37,438,429$28,911,165$67,201,832
85$96,489,658$39,195,881$29,802,658$73,004,110
86$106,252,145$41,037,021$30,721,589$79,358,677
87$117,007,903$42,965,874$31,668,802$86,320,300
88$128,858,167$44,986,659$32,645,164$93,949,271
89$141,914,494$47,103,800$33,651,571$102,311,960
90$156,299,820$49,321,933$34,688,946$111,481,440
91$172,149,615$51,645,922$35,758,239$121,538,160
92$189,613,167$54,080,863$36,860,431$132,570,699
93$208,854,986$56,632,101$37,996,532$144,676,590
94$230,056,361$59,305,241$39,167,582$157,963,231
95$253,417,069$62,106,156$40,374,655$172,548,886
96$279,157,260$65,041,008$41,618,856$188,563,791
97$307,519,537$68,116,254$42,901,324$206,151,371
98$338,771,246$71,338,667$44,223,235$225,469,577
99$373,206,998$74,715,346$45,585,798$246,692,370
100$411,151,451$78,253,737$46,990,261$270,011,347