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%19%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,337,207
2 years$711,325$698,077$685,238$672,789$660,714$610,597
3 years$469,506$456,201$443,394$431,063$419,184$370,818
4 years$348,620$335,356$322,677$310,556$298,966$252,720
5 years$276,108$262,923$250,411$238,537$227,269$183,264
6 years$227,782$214,697$202,369$190,760$179,830$138,099
7 years$193,277$180,302$168,170$156,834$146,250$106,783
8 years$167,410$154,552$142,621$131,564$121,329$84,090
9 years$147,302$134,565$122,840$112,064$102,176$67,117
10 years$131,225$118,613$107,094$96,600$87,059$54,119
11 years$118,079$105,594$94,284$84,071$74,874$43,982
12 years$107,133$94,775$83,675$73,741$64,884$35,966
13 years$97,878$85,649$74,758$65,103$56,580$29,555
14 years$89,951$77,853$67,170$57,791$49,598$24,383
15 years$83,088$71,120$60,646$51,539$43,670$20,181
16 years$77,089$65,251$54,984$46,148$38,596$16,746
17 years$71,800$60,094$50,034$41,463$34,221$13,926
18 years$67,105$55,529$45,674$37,367$30,428$11,601
19 years$62,909$51,464$41,813$33,764$27,121$9,678
20 years$59,137$47,823$38,373$30,580$24,225$8,084
21 years$55,729$44,545$35,296$27,753$21,679$6,759
22 years$52,635$41,581$32,531$25,234$19,432$5,656
23 years$49,814$38,890$30,036$22,981$17,443$4,736
24 years$47,232$36,438$27,779$20,960$15,678$3,968
25 years$44,860$34,195$25,729$19,142$14,108$3,326
26 years$42,674$32,138$23,862$17,502$12,708$2,789
27 years$40,654$30,245$22,158$16,020$11,457$2,340
28 years$38,781$28,500$20,599$14,678$10,338$1,963
29 years$37,040$26,886$19,169$13,460$9,335$1,648
30 years$35,419$25,391$17,855$12,353$8,435$1,383
31 years$33,905$24,003$16,646$11,345$7,626$1,161
32 years$32,489$22,712$15,531$10,427$6,898$975
33 years$31,161$21,509$14,501$9,588$6,243$819
34 years$29,914$20,385$13,549$8,822$5,652$688
35 years$28,741$19,335$12,667$8,121$5,119$578
36 years$27,635$18,352$11,850$7,479$4,639$485
37 years$26,592$17,430$11,091$6,891$4,204$408
38 years$25,606$16,565$10,387$6,352$3,811$343
39 years$24,673$15,751$9,731$5,857$3,456$288
40 years$23,789$14,986$9,121$5,402$3,135$242
41 years$22,950$14,266$8,553$4,984$2,844$203
42 years$22,153$13,586$8,023$4,600$2,581$171
43 years$21,395$12,945$7,528$4,246$2,342$143
44 years$20,674$12,339$7,066$3,920$2,126$121
45 years$19,986$11,766$6,635$3,621$1,930$101
46 years$19,331$11,225$6,232$3,344$1,752$85
47 years$18,705$10,712$5,855$3,090$1,591$72
48 years$18,107$10,226$5,502$2,855$1,445$60
49 years$17,536$9,765$5,171$2,639$1,312$50
50 years$16,988$9,328$4,862$2,439$1,192$42

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 $6,792 every year, while hoping to spend $40,583 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: 43/46/11 Blend
67$17,400,000$17,400,000$17,400,000$17,400,000
68$19,181,806$18,259,606$17,989,906$19,945,172
69$21,095,170$19,111,147$18,549,388$21,329,863
70$23,202,337$20,003,053$19,126,252$22,824,422
71$25,523,033$20,937,259$19,721,038$24,442,615
72$28,078,992$21,915,794$20,334,303$26,195,785
73$30,894,165$22,940,785$20,966,619$28,096,372
74$33,994,947$24,014,461$21,618,577$30,158,025
75$37,410,421$25,139,158$22,290,788$32,395,725
76$41,172,634$26,317,327$22,983,880$34,825,910
77$45,316,903$27,551,536$23,698,501$37,466,628
78$49,882,144$28,844,479$24,435,317$40,337,697
79$54,911,242$30,198,977$25,195,020$43,460,878
80$60,451,453$31,617,991$25,978,317$46,860,072
81$66,554,852$33,104,624$26,785,942$50,561,538
82$73,278,825$34,662,128$27,618,648$54,594,122
83$80,686,607$36,293,914$28,477,215$58,989,525
84$88,847,883$38,003,559$29,362,444$63,782,583
85$97,839,443$39,794,809$30,275,163$69,011,589
86$107,745,909$41,671,598$31,216,223$74,718,633
87$118,660,530$43,638,044$32,186,504$80,949,992
88$130,686,065$45,698,469$33,186,913$87,756,547
89$143,935,752$47,857,403$34,218,384$95,194,251
90$158,534,379$50,119,595$35,281,879$103,324,635
91$174,619,456$52,490,026$36,378,393$112,215,378
92$192,342,521$54,973,917$37,508,949$121,940,922
93$211,870,562$57,576,743$38,674,603$132,583,159
94$233,387,600$60,304,245$39,876,443$144,232,183
95$257,096,423$63,162,440$41,115,592$156,987,119
96$283,220,499$66,157,641$42,393,205$170,957,037
97$312,006,088$69,296,464$43,710,476$186,261,958
98$343,724,567$72,585,848$45,068,634$203,033,965
99$378,674,986$76,033,068$46,468,947$221,418,421
100$417,186,900$79,645,753$47,912,722$241,575,319