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

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,357,231
2 years$707,237$694,065$681,300$668,923$656,917$634,517
3 years$466,808$453,579$440,846$428,585$416,775$394,966
4 years$346,617$333,429$320,823$308,772$297,248$276,199
5 years$274,521$261,412$248,972$237,166$225,963$205,734
6 years$226,473$213,463$201,206$189,664$178,797$159,412
7 years$192,166$179,266$167,203$155,933$145,410$126,874
8 years$166,448$153,664$141,802$130,808$120,631$102,942
9 years$146,455$133,792$122,134$111,420$101,589$84,737
10 years$130,471$117,931$106,479$96,045$86,559$70,530
11 years$117,401$104,987$93,742$83,588$74,444$59,221
12 years$106,517$94,231$83,194$73,318$64,511$50,075
13 years$97,315$85,157$74,328$64,729$56,255$42,585
14 years$89,434$77,405$66,784$57,459$49,313$36,386
15 years$82,611$70,711$60,297$51,243$43,419$31,211
16 years$76,646$64,876$54,668$45,883$38,374$26,859
17 years$71,388$59,749$49,746$41,225$34,025$23,179
18 years$66,719$55,210$45,412$37,152$30,253$20,050
19 years$62,547$51,168$41,572$33,570$26,965$17,377
20 years$58,797$47,548$38,153$30,404$24,086$15,087
21 years$55,409$44,289$35,093$27,594$21,554$13,118
22 years$52,332$41,342$32,344$25,089$19,320$11,420
23 years$49,527$38,667$29,864$22,849$17,343$9,953
24 years$46,960$36,228$27,619$20,840$15,588$8,682
25 years$44,602$33,998$25,581$19,032$14,027$7,580
26 years$42,429$31,953$23,725$17,402$12,635$6,623
27 years$40,420$30,071$22,031$15,928$11,392$5,790
28 years$38,558$28,336$20,480$14,594$10,279$5,064
29 years$36,827$26,732$19,059$13,383$9,282$4,432
30 years$35,215$25,246$17,752$12,282$8,386$3,880
31 years$33,710$23,865$16,550$11,280$7,582$3,398
32 years$32,302$22,581$15,442$10,367$6,859$2,977
33 years$30,982$21,385$14,418$9,533$6,207$2,608
34 years$29,742$20,268$13,471$8,771$5,620$2,286
35 years$28,576$19,224$12,595$8,074$5,090$2,004
36 years$27,476$18,246$11,782$7,436$4,612$1,757
37 years$26,439$17,330$11,028$6,852$4,180$1,541
38 years$25,459$16,470$10,327$6,315$3,789$1,352
39 years$24,531$15,661$9,675$5,823$3,436$1,186
40 years$23,652$14,900$9,069$5,371$3,117$1,040
41 years$22,818$14,184$8,503$4,955$2,828$913
42 years$22,025$13,508$7,977$4,573$2,566$801
43 years$21,272$12,870$7,485$4,222$2,329$703
44 years$20,555$12,268$7,026$3,898$2,114$617
45 years$19,872$11,699$6,597$3,600$1,919$541
46 years$19,220$11,160$6,196$3,325$1,742$475
47 years$18,598$10,650$5,821$3,072$1,582$417
48 years$18,003$10,167$5,470$2,839$1,437$366
49 years$17,435$9,709$5,142$2,624$1,305$321
50 years$16,891$9,274$4,834$2,425$1,185$282

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 $2,645 every year, while hoping to spend $39,960 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: 42/46/12 Blend
67$17,300,000$17,300,000$17,300,000$17,300,000
68$19,067,328$18,150,428$17,882,278$19,801,001
69$20,969,679$18,997,282$18,438,818$21,162,287
70$23,064,729$19,884,293$19,012,661$22,631,240
71$25,372,094$20,813,385$19,604,348$24,220,982
72$27,913,385$21,786,578$20,214,430$25,942,558
73$30,712,417$22,805,988$20,843,481$27,808,085
74$33,795,435$23,873,832$21,492,089$29,830,852
75$37,191,356$24,992,437$22,160,861$32,025,442
76$40,932,048$26,164,240$22,850,424$34,407,857
77$45,052,627$27,391,798$23,561,423$36,995,665
78$49,591,789$28,677,789$24,294,524$39,808,151
79$54,592,174$30,025,024$25,050,413$42,866,493
80$60,100,772$31,436,447$25,829,799$46,193,947
81$66,169,364$32,915,145$26,633,410$49,816,059
82$72,855,009$34,464,357$27,461,999$53,760,896
83$80,220,585$36,087,476$28,316,341$58,059,294
84$88,335,383$37,788,060$29,197,236$62,745,139
85$97,275,757$39,569,841$30,105,509$67,855,674
86$107,125,850$41,436,728$31,042,009$73,431,836
87$117,978,383$43,392,824$32,007,613$79,518,629
88$129,935,533$45,442,428$33,003,224$86,165,531
89$143,109,899$47,590,049$34,029,773$93,426,947
90$157,625,560$49,840,412$35,088,222$101,362,708
91$173,619,250$52,198,475$36,179,559$110,038,612
92$191,241,646$54,669,433$37,304,807$119,527,035
93$210,658,793$57,258,735$38,465,018$129,907,589
94$232,053,670$59,972,093$39,661,276$141,267,853
95$255,627,917$62,815,498$40,894,701$153,704,185
96$281,603,737$65,795,229$42,166,446$167,322,603
97$310,225,996$68,917,874$43,477,700$182,239,767
98$341,764,535$72,190,336$44,829,690$198,584,054
99$376,516,712$75,619,857$46,223,679$216,496,743
100$414,810,215$79,214,029$47,660,971$236,133,328