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

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,352,312
2 years$711,325$698,077$685,238$672,789$660,714$625,491
3 years$469,506$456,201$443,394$431,063$419,184$385,028
4 years$348,620$335,356$322,677$310,556$298,966$266,139
5 years$276,108$262,923$250,411$238,537$227,269$195,863
6 years$227,782$214,697$202,369$190,760$179,830$149,876
7 years$193,277$180,302$168,170$156,834$146,250$117,750
8 years$167,410$154,552$142,621$131,564$121,329$94,270
9 years$147,302$134,565$122,840$112,064$102,176$76,536
10 years$131,225$118,613$107,094$96,600$87,059$62,806
11 years$118,079$105,594$94,284$84,071$74,874$51,973
12 years$107,133$94,775$83,675$73,741$64,884$43,295
13 years$97,878$85,649$74,758$65,103$56,580$36,260
14 years$89,951$77,853$67,170$57,791$49,598$30,501
15 years$83,088$71,120$60,646$51,539$43,670$25,749
16 years$77,089$65,251$54,984$46,148$38,596$21,802
17 years$71,800$60,094$50,034$41,463$34,221$18,506
18 years$67,105$55,529$45,674$37,367$30,428$15,740
19 years$62,909$51,464$41,813$33,764$27,121$13,412
20 years$59,137$47,823$38,373$30,580$24,225$11,444
21 years$55,729$44,545$35,296$27,753$21,679$9,777
22 years$52,635$41,581$32,531$25,234$19,432$8,362
23 years$49,814$38,890$30,036$22,981$17,443$7,158
24 years$47,232$36,438$27,779$20,960$15,678$6,132
25 years$44,860$34,195$25,729$19,142$14,108$5,257
26 years$42,674$32,138$23,862$17,502$12,708$4,509
27 years$40,654$30,245$22,158$16,020$11,457$3,869
28 years$38,781$28,500$20,599$14,678$10,338$3,322
29 years$37,040$26,886$19,169$13,460$9,335$2,853
30 years$35,419$25,391$17,855$12,353$8,435$2,450
31 years$33,905$24,003$16,646$11,345$7,626$2,106
32 years$32,489$22,712$15,531$10,427$6,898$1,810
33 years$31,161$21,509$14,501$9,588$6,243$1,555
34 years$29,914$20,385$13,549$8,822$5,652$1,337
35 years$28,741$19,335$12,667$8,121$5,119$1,150
36 years$27,635$18,352$11,850$7,479$4,639$989
37 years$26,592$17,430$11,091$6,891$4,204$850
38 years$25,606$16,565$10,387$6,352$3,811$731
39 years$24,673$15,751$9,731$5,857$3,456$629
40 years$23,789$14,986$9,121$5,402$3,135$541
41 years$22,950$14,266$8,553$4,984$2,844$466
42 years$22,153$13,586$8,023$4,600$2,581$401
43 years$21,395$12,945$7,528$4,246$2,342$345
44 years$20,674$12,339$7,066$3,920$2,126$297
45 years$19,986$11,766$6,635$3,621$1,930$255
46 years$19,331$11,225$6,232$3,344$1,752$220
47 years$18,705$10,712$5,855$3,090$1,591$189
48 years$18,107$10,226$5,502$2,855$1,445$163
49 years$17,536$9,765$5,171$2,639$1,312$140
50 years$16,988$9,328$4,862$2,439$1,192$120

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 $2,511 every year, while hoping to spend $46,967 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: 56/36/8 Blend
67$17,400,000$17,400,000$17,400,000$17,400,000
68$19,177,390$18,255,190$17,985,490$20,215,481
69$21,083,511$19,099,722$18,538,031$21,760,470
70$23,182,483$19,984,062$19,107,509$23,436,955
71$25,493,926$20,910,110$19,694,440$25,261,759
72$28,039,461$21,879,860$20,299,359$27,249,021
73$30,842,913$22,895,401$20,922,814$29,414,277
74$33,930,535$23,958,920$21,565,374$31,774,603
75$37,331,257$25,072,714$22,227,620$34,348,766
76$41,076,956$26,239,188$22,910,157$37,157,398
77$45,202,760$27,460,863$23,613,602$40,223,180
78$49,747,379$28,740,383$24,338,595$43,571,052
79$54,753,469$30,080,519$25,085,795$47,228,438
80$60,268,033$31,484,174$25,855,879$51,225,499
81$66,342,868$32,954,395$26,649,547$55,595,408
82$73,035,053$34,494,372$27,467,519$60,374,652
83$80,407,484$36,107,453$28,310,537$65,603,374
84$88,529,474$37,797,144$29,179,366$71,325,735
85$97,477,400$39,567,124$30,074,795$77,590,322
86$107,335,429$41,421,247$30,997,634$84,450,601
87$118,196,310$43,363,556$31,948,722$91,965,403
88$130,162,250$45,398,286$32,928,921$100,199,476
89$143,345,878$47,529,881$33,939,118$109,224,074
90$157,871,309$49,762,996$34,980,230$119,117,628
91$173,875,315$52,102,515$36,053,200$129,966,463
92$191,508,615$54,553,557$37,159,000$141,865,605
93$210,937,299$57,121,486$38,298,632$154,919,661
94$232,344,395$59,811,931$39,473,128$169,243,792
95$255,931,598$62,630,790$40,683,552$184,964,783
96$281,921,169$65,584,247$41,930,999$202,222,222
97$310,558,040$68,678,786$43,216,599$221,169,805
98$342,112,120$71,921,207$44,541,516$241,976,761
99$376,880,847$75,318,637$45,906,947$264,829,437
100$415,191,993$78,878,550$47,314,129$289,933,032