Can I retire at age 68 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,369,684
2 years$707,237$694,065$681,300$668,923$656,917$646,993
3 years$466,808$453,579$440,846$428,585$416,775$407,076
4 years$346,617$333,429$320,823$308,772$297,248$287,848
5 years$274,521$261,412$248,972$237,166$225,963$216,891
6 years$226,473$213,463$201,206$189,664$178,797$170,064
7 years$192,166$179,266$167,203$155,933$145,410$137,020
8 years$166,448$153,664$141,802$130,808$120,631$112,585
9 years$146,455$133,792$122,134$111,420$101,589$93,883
10 years$130,471$117,931$106,479$96,045$86,559$79,190
11 years$117,401$104,987$93,742$83,588$74,444$67,406
12 years$106,517$94,231$83,194$73,318$64,511$57,799
13 years$97,315$85,157$74,328$64,729$56,255$49,861
14 years$89,434$77,405$66,784$57,459$49,313$43,230
15 years$82,611$70,711$60,297$51,243$43,419$37,638
16 years$76,646$64,876$54,668$45,883$38,374$32,887
17 years$71,388$59,749$49,746$41,225$34,025$28,822
18 years$66,719$55,210$45,412$37,152$30,253$25,326
19 years$62,547$51,168$41,572$33,570$26,965$22,304
20 years$58,797$47,548$38,153$30,404$24,086$19,681
21 years$55,409$44,289$35,093$27,594$21,554$17,396
22 years$52,332$41,342$32,344$25,089$19,320$15,399
23 years$49,527$38,667$29,864$22,849$17,343$13,648
24 years$46,960$36,228$27,619$20,840$15,588$12,111
25 years$44,602$33,998$25,581$19,032$14,027$10,757
26 years$42,429$31,953$23,725$17,402$12,635$9,563
27 years$40,420$30,071$22,031$15,928$11,392$8,508
28 years$38,558$28,336$20,480$14,594$10,279$7,575
29 years$36,827$26,732$19,059$13,383$9,282$6,748
30 years$35,215$25,246$17,752$12,282$8,386$6,015
31 years$33,710$23,865$16,550$11,280$7,582$5,364
32 years$32,302$22,581$15,442$10,367$6,859$4,785
33 years$30,982$21,385$14,418$9,533$6,207$4,270
34 years$29,742$20,268$13,471$8,771$5,620$3,812
35 years$28,576$19,224$12,595$8,074$5,090$3,405
36 years$27,476$18,246$11,782$7,436$4,612$3,041
37 years$26,439$17,330$11,028$6,852$4,180$2,717
38 years$25,459$16,470$10,327$6,315$3,789$2,428
39 years$24,531$15,661$9,675$5,823$3,436$2,171
40 years$23,652$14,900$9,069$5,371$3,117$1,940
41 years$22,818$14,184$8,503$4,955$2,828$1,735
42 years$22,025$13,508$7,977$4,573$2,566$1,552
43 years$21,272$12,870$7,485$4,222$2,329$1,388
44 years$20,555$12,268$7,026$3,898$2,114$1,241
45 years$19,872$11,699$6,597$3,600$1,919$1,110
46 years$19,220$11,160$6,196$3,325$1,742$993
47 years$18,598$10,650$5,821$3,072$1,582$889
48 years$18,003$10,167$5,470$2,839$1,437$795
49 years$17,435$9,709$5,142$2,624$1,305$711
50 years$16,891$9,274$4,834$2,425$1,185$637

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $17,300,000, adding $6,314 every year, while hoping to spend $21,791 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: 48/32/20 Blend
67$17,300,000$17,300,000$17,300,000$17,300,000
68$19,071,113$18,154,213$17,886,063$19,878,447
69$20,993,181$19,020,584$18,462,061$21,307,145
70$23,110,570$19,928,677$19,056,624$22,854,935
71$25,443,179$20,880,513$19,670,352$24,535,216
72$28,012,937$21,878,212$20,303,862$26,360,425
73$30,844,008$22,923,996$20,957,794$28,344,222
74$33,963,023$24,020,197$21,632,805$30,501,613
75$37,399,323$25,169,260$22,329,577$32,849,079
76$41,185,247$26,373,746$23,048,810$35,404,732
77$45,356,428$27,636,345$23,791,231$38,188,472
78$49,952,133$28,959,876$24,557,587$41,222,171
79$55,015,634$30,347,293$25,348,650$44,529,871
80$60,594,617$31,801,699$26,165,217$48,138,000
81$66,741,629$33,326,343$27,008,113$52,075,616
82$73,514,576$34,924,635$27,878,186$56,374,668
83$80,977,271$36,600,150$28,776,313$61,070,293
84$89,200,033$38,356,638$29,703,400$66,201,133
85$98,260,354$40,198,031$30,660,382$71,809,690
86$108,243,629$42,128,452$31,648,223$77,942,719
87$119,243,960$44,152,227$32,667,919$84,651,654
88$131,365,048$46,273,891$33,720,499$91,993,084
89$144,721,170$48,498,199$34,807,023$100,029,273
90$159,438,260$50,830,141$35,928,588$108,828,735
91$175,655,091$53,274,947$37,086,325$118,466,867
92$193,524,594$55,838,103$38,281,401$129,026,645
93$213,215,296$58,525,364$39,515,021$140,599,394
94$234,912,913$61,342,762$40,788,431$153,285,633
95$258,822,100$64,296,628$42,102,913$167,196,007
96$285,168,389$67,393,597$43,459,795$182,452,315
97$314,200,312$70,640,631$44,860,446$199,188,640
98$346,191,750$74,045,029$46,306,278$217,552,597
99$381,444,520$77,614,447$47,798,749$237,706,706
100$420,291,221$81,356,914$49,339,367$259,829,906