Can I retire at age 68 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,369,595
2 years$711,325$698,077$685,238$672,789$660,714$642,700
3 years$469,506$456,201$443,394$431,063$419,184$401,622
4 years$348,620$335,356$322,677$310,556$298,966$281,990
5 years$276,108$262,923$250,411$238,537$227,269$210,929
6 years$227,782$214,697$202,369$190,760$179,830$164,146
7 years$193,277$180,302$168,170$156,834$146,250$131,228
8 years$167,410$154,552$142,621$131,564$121,329$106,966
9 years$147,302$134,565$122,840$112,064$102,176$88,468
10 years$131,225$118,613$107,094$96,600$87,059$73,995
11 years$118,079$105,594$94,284$84,071$74,874$62,441
12 years$107,133$94,775$83,675$73,741$64,884$53,070
13 years$97,878$85,649$74,758$65,103$56,580$45,368
14 years$89,951$77,853$67,170$57,791$49,598$38,972
15 years$83,088$71,120$60,646$51,539$43,670$33,612
16 years$77,089$65,251$54,984$46,148$38,596$29,088
17 years$71,800$60,094$50,034$41,463$34,221$25,245
18 years$67,105$55,529$45,674$37,367$30,428$21,963
19 years$62,909$51,464$41,813$33,764$27,121$19,147
20 years$59,137$47,823$38,373$30,580$24,225$16,723
21 years$55,729$44,545$35,296$27,753$21,679$14,628
22 years$52,635$41,581$32,531$25,234$19,432$12,813
23 years$49,814$38,890$30,036$22,981$17,443$11,236
24 years$47,232$36,438$27,779$20,960$15,678$9,863
25 years$44,860$34,195$25,729$19,142$14,108$8,665
26 years$42,674$32,138$23,862$17,502$12,708$7,619
27 years$40,654$30,245$22,158$16,020$11,457$6,704
28 years$38,781$28,500$20,599$14,678$10,338$5,902
29 years$37,040$26,886$19,169$13,460$9,335$5,198
30 years$35,419$25,391$17,855$12,353$8,435$4,581
31 years$33,905$24,003$16,646$11,345$7,626$4,038
32 years$32,489$22,712$15,531$10,427$6,898$3,561
33 years$31,161$21,509$14,501$9,588$6,243$3,141
34 years$29,914$20,385$13,549$8,822$5,652$2,772
35 years$28,741$19,335$12,667$8,121$5,119$2,447
36 years$27,635$18,352$11,850$7,479$4,639$2,160
37 years$26,592$17,430$11,091$6,891$4,204$1,907
38 years$25,606$16,565$10,387$6,352$3,811$1,684
39 years$24,673$15,751$9,731$5,857$3,456$1,487
40 years$23,789$14,986$9,121$5,402$3,135$1,314
41 years$22,950$14,266$8,553$4,984$2,844$1,161
42 years$22,153$13,586$8,023$4,600$2,581$1,025
43 years$21,395$12,945$7,528$4,246$2,342$906
44 years$20,674$12,339$7,066$3,920$2,126$801
45 years$19,986$11,766$6,635$3,621$1,930$708
46 years$19,331$11,225$6,232$3,344$1,752$625
47 years$18,705$10,712$5,855$3,090$1,591$553
48 years$18,107$10,226$5,502$2,855$1,445$488
49 years$17,536$9,765$5,171$2,639$1,312$432
50 years$16,988$9,328$4,862$2,439$1,192$382

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $17,400,000, adding $6,813 every year, while hoping to spend $46,466 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: 58/21/21 Blend
67$17,400,000$17,400,000$17,400,000$17,400,000
68$19,181,828$18,259,628$17,989,928$20,186,577
69$21,088,935$19,104,910$18,543,151$21,716,118
70$23,189,009$19,990,054$19,113,349$23,377,262
71$25,501,685$20,916,963$19,701,043$25,187,294
72$28,048,596$21,887,634$20,306,768$27,160,597
73$30,853,584$22,904,159$20,931,076$29,312,991
74$33,942,917$23,968,730$21,574,534$31,661,871
75$37,345,544$25,083,647$22,237,730$34,226,375
76$41,093,362$26,251,319$22,921,267$37,027,552
77$45,221,523$27,474,271$23,625,768$40,088,561
78$49,768,761$28,755,153$24,351,873$43,434,882
79$54,777,758$30,096,739$25,100,245$47,094,550
80$60,295,549$31,501,939$25,871,563$51,098,419
81$66,373,965$32,973,804$26,666,529$55,480,439
82$73,070,119$34,515,530$27,485,868$60,277,978
83$80,446,950$36,130,470$28,330,324$65,532,163
84$88,573,814$37,822,138$29,200,665$71,288,265
85$97,527,138$39,594,218$30,097,682$77,596,118
86$107,391,144$41,450,572$31,022,192$84,510,578
87$118,258,639$43,395,249$31,975,034$92,092,041
88$130,231,898$45,432,493$32,957,075$100,406,999
89$143,423,621$47,566,755$33,969,207$109,528,660
90$157,958,004$49,802,700$35,012,349$119,537,633
91$173,971,908$52,145,219$36,087,450$130,522,676
92$191,616,148$54,599,441$37,195,485$142,581,527
93$211,056,923$57,170,741$38,337,461$155,821,816
94$232,477,378$59,864,757$39,514,416$170,362,070
95$256,079,339$62,687,398$40,727,416$186,332,821
96$282,085,211$65,644,860$41,977,565$203,877,827
97$310,740,084$68,743,640$43,265,995$223,155,415
98$342,314,044$71,990,549$44,593,876$244,339,969
99$377,104,718$75,392,728$45,962,413$267,623,556
100$415,440,093$78,957,666$47,372,848$293,217,730