Can I retire at age 68 with 17,500,000?

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,386,099
2 years$715,413$702,089$689,176$676,656$664,512$655,056
3 years$472,204$458,823$445,942$433,540$421,594$412,351
4 years$350,624$337,283$324,532$312,341$300,684$291,725
5 years$277,695$264,434$251,850$239,908$228,575$219,927
6 years$229,091$215,930$203,532$191,856$180,864$172,537
7 years$194,388$181,338$169,136$157,736$147,091$139,089
8 years$168,372$155,440$143,441$132,321$122,026$114,350
9 years$148,149$135,339$123,546$112,708$102,763$95,411
10 years$131,979$119,294$107,710$97,155$87,560$80,527
11 years$118,758$106,201$94,826$84,554$75,304$68,586
12 years$107,749$95,320$84,156$74,165$65,257$58,848
13 years$98,440$86,142$75,188$65,477$56,905$50,799
14 years$90,468$78,300$67,556$58,123$49,883$44,071
15 years$83,566$71,529$60,994$51,836$43,921$38,396
16 years$77,532$65,626$55,300$46,413$38,817$33,572
17 years$72,213$60,439$50,321$41,702$34,418$29,444
18 years$67,491$55,849$45,937$37,582$30,603$25,890
19 years$63,271$51,760$42,053$33,958$27,277$22,817
20 years$59,477$48,098$38,594$30,756$24,364$20,148
21 years$56,049$44,801$35,499$27,913$21,803$17,822
22 years$52,937$41,820$32,718$25,379$19,544$15,788
23 years$50,100$39,114$30,209$23,113$17,544$14,004
24 years$47,503$36,647$27,938$21,081$15,769$12,436
25 years$45,118$34,391$25,877$19,252$14,189$11,054
26 years$42,919$32,322$23,999$17,603$12,781$9,835
27 years$40,887$30,419$22,285$16,113$11,523$8,757
28 years$39,004$28,664$20,717$14,763$10,398$7,803
29 years$37,253$27,041$19,279$13,538$9,389$6,956
30 years$35,622$25,537$17,958$12,424$8,483$6,205
31 years$34,100$24,141$16,741$11,411$7,670$5,538
32 years$32,675$22,843$15,620$10,487$6,938$4,945
33 years$31,340$21,632$14,585$9,643$6,279$4,417
34 years$30,086$20,502$13,627$8,873$5,685$3,946
35 years$28,906$19,446$12,740$8,168$5,149$3,527
36 years$27,794$18,457$11,918$7,522$4,665$3,153
37 years$26,745$17,530$11,155$6,931$4,228$2,820
38 years$25,753$16,660$10,446$6,388$3,833$2,522
39 years$24,815$15,842$9,787$5,890$3,476$2,256
40 years$23,925$15,072$9,173$5,433$3,153$2,019
41 years$23,082$14,347$8,602$5,013$2,860$1,807
42 years$22,280$13,664$8,069$4,626$2,596$1,617
43 years$21,518$13,019$7,571$4,270$2,356$1,447
44 years$20,792$12,410$7,107$3,943$2,138$1,296
45 years$20,101$11,834$6,673$3,641$1,941$1,160
46 years$19,442$11,289$6,268$3,364$1,762$1,039
47 years$18,813$10,773$5,888$3,108$1,600$930
48 years$18,211$10,285$5,534$2,872$1,453$833
49 years$17,636$9,821$5,201$2,654$1,320$746
50 years$17,086$9,382$4,890$2,453$1,199$668

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $17,500,000, adding $5,322 every year, while hoping to spend $55,856 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: 38/49/13 Blend
67$17,500,000$17,500,000$17,500,000$17,500,000
68$19,290,490$18,362,990$18,091,740$19,947,193
69$21,198,689$19,203,346$18,638,383$21,256,024
70$23,299,653$20,083,007$19,201,466$22,663,757
71$25,612,984$21,003,841$19,781,482$24,183,863
72$28,160,283$21,967,804$20,378,936$25,826,462
73$30,965,352$22,976,947$20,994,350$27,602,643
74$34,054,419$24,033,418$21,628,262$29,524,569
75$37,456,385$25,139,470$22,281,224$31,605,574
76$41,203,096$26,297,464$22,953,804$33,860,283
77$45,329,645$27,509,873$23,646,591$36,304,743
78$49,874,704$28,779,292$24,360,186$38,956,561
79$54,880,883$30,108,437$25,095,212$41,835,063
80$60,395,140$31,500,157$25,852,309$44,961,463
81$66,469,219$32,957,439$26,632,135$48,359,052
82$73,160,137$34,483,411$27,435,369$52,053,406
83$80,530,726$36,081,354$28,262,710$56,072,619
84$88,650,227$37,754,707$29,114,877$60,447,547
85$97,594,935$39,507,073$29,992,610$65,212,095
86$107,448,929$41,342,229$30,896,673$70,403,514
87$118,304,858$43,264,137$31,827,850$76,062,744
88$130,264,820$45,276,947$32,786,950$82,234,781
89$143,441,324$47,385,009$33,774,805$88,969,089
90$157,958,350$49,592,886$34,792,272$96,320,045
91$173,952,523$51,905,358$35,840,234$104,347,438
92$191,574,397$54,327,437$36,919,598$113,117,014
93$210,989,882$56,864,378$38,031,301$122,701,075
94$232,381,805$59,521,688$39,176,305$133,179,142
95$255,951,640$62,305,142$40,355,602$144,638,686
96$281,921,405$65,220,791$41,570,213$157,175,929
97$310,535,761$68,274,983$42,821,188$170,896,727
98$342,064,320$71,474,369$44,109,609$185,917,548
99$376,804,190$74,825,922$45,436,591$202,366,543
100$415,082,781$78,336,955$46,803,279$220,384,732