Can I retire at age 68 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,370,077
2 years$719,501$706,101$693,114$680,522$668,309$634,883
3 years$474,902$461,445$448,491$436,017$424,003$391,567
4 years$352,627$339,211$326,386$314,126$302,402$271,206
5 years$279,281$265,945$253,289$241,279$229,881$200,012
6 years$230,400$217,164$204,695$192,953$181,897$153,385
7 years$195,499$182,374$170,103$158,637$147,931$120,780
8 years$169,334$156,328$144,261$133,077$122,723$96,922
9 years$148,995$136,112$124,252$113,352$103,351$78,879
10 years$132,733$119,976$108,325$97,710$88,060$64,890
11 years$119,437$106,808$95,368$85,037$75,735$53,835
12 years$108,364$95,865$84,637$74,589$65,630$44,964
13 years$99,003$86,634$75,617$65,851$57,231$37,759
14 years$90,985$78,748$67,942$58,455$50,168$31,849
15 years$84,043$71,937$61,343$52,132$44,172$26,962
16 years$77,975$66,001$55,616$46,678$39,039$22,894
17 years$72,626$60,785$50,609$41,940$34,615$19,489
18 years$67,876$56,168$46,199$37,796$30,778$16,626
19 years$63,632$52,056$42,293$34,152$27,433$14,209
20 years$59,817$48,373$38,815$30,932$24,504$12,161
21 years$56,369$45,057$35,702$28,072$21,928$10,422
22 years$53,240$42,059$32,905$25,524$19,655$8,941
23 years$50,386$39,337$30,382$23,245$17,644$7,678
24 years$47,775$36,856$28,098$21,201$15,859$6,598
25 years$45,376$34,588$26,024$19,362$14,270$5,674
26 years$43,165$32,507$24,136$17,704$12,854$4,883
27 years$41,121$30,593$22,413$16,205$11,589$4,204
28 years$39,227$28,828$20,835$14,847$10,457$3,620
29 years$37,466$27,196$19,389$13,615$9,443$3,119
30 years$35,826$25,683$18,060$12,495$8,532$2,688
31 years$34,295$24,279$16,837$11,476$7,714$2,318
32 years$32,862$22,973$15,709$10,547$6,978$1,999
33 years$31,519$21,756$14,668$9,698$6,315$1,724
34 years$30,258$20,620$13,705$8,923$5,717$1,487
35 years$29,071$19,557$12,813$8,214$5,178$1,283
36 years$27,953$18,563$11,986$7,565$4,692$1,107
37 years$26,898$17,630$11,219$6,970$4,252$955
38 years$25,900$16,755$10,506$6,425$3,855$824
39 years$24,956$15,933$9,843$5,924$3,496$712
40 years$24,062$15,159$9,226$5,464$3,171$614
41 years$23,213$14,429$8,651$5,041$2,877$530
42 years$22,407$13,742$8,115$4,652$2,610$458
43 years$21,641$13,093$7,615$4,295$2,369$395
44 years$20,911$12,481$7,148$3,966$2,150$341
45 years$20,216$11,902$6,711$3,662$1,952$295
46 years$19,553$11,354$6,304$3,383$1,772$254
47 years$18,920$10,835$5,922$3,125$1,610$220
48 years$18,315$10,343$5,565$2,888$1,462$190
49 years$17,737$9,877$5,231$2,669$1,328$164
50 years$17,184$9,435$4,918$2,467$1,206$141

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $17,600,000, adding $4,156 every year, while hoping to spend $22,469 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: 66/14/20 Blend
67$17,600,000$17,600,000$17,600,000$17,600,000
68$19,399,487$18,466,687$18,193,887$20,581,982
69$21,354,328$19,347,648$18,779,475$22,256,476
70$23,507,809$20,271,023$19,383,928$24,083,355
71$25,880,169$21,238,866$20,007,853$26,079,985
72$28,493,708$22,253,332$20,651,878$28,263,034
73$31,373,002$23,316,681$21,316,651$30,650,841
74$34,545,131$24,431,282$22,002,842$33,263,588
75$38,039,939$25,599,618$22,711,141$36,123,490
76$41,890,309$26,824,296$23,442,261$39,254,993
77$46,132,481$28,108,047$24,196,937$42,685,009
78$50,806,390$29,453,737$24,975,931$46,443,160
79$55,956,042$30,864,371$25,780,024$50,562,058
80$61,629,932$32,343,098$26,610,029$55,077,602
81$67,881,499$33,893,224$27,466,779$60,029,319
82$74,769,633$35,518,214$28,351,137$65,460,728
83$82,359,230$37,221,701$29,263,995$71,419,747
84$90,721,804$39,007,496$30,206,271$77,959,138
85$99,936,160$40,879,596$31,178,913$85,137,003
86$110,089,145$42,842,192$32,182,903$93,017,323
87$121,276,457$44,899,680$33,219,250$101,670,558
88$133,603,560$47,056,668$34,288,999$111,174,305
89$147,186,670$49,317,991$35,393,227$121,614,024
90$162,153,856$51,688,719$36,533,046$133,083,837
91$178,646,251$54,174,168$37,709,605$145,687,410
92$196,819,380$56,779,914$38,924,088$159,538,925
93$216,844,632$59,511,804$40,177,720$174,764,147
94$238,910,875$62,375,973$41,471,764$191,501,605
95$263,226,238$65,378,850$42,807,522$209,903,891
96$290,020,083$68,527,181$44,186,342$230,139,092
97$319,545,159$71,828,041$45,609,613$252,392,366
98$352,079,999$75,288,849$47,078,768$276,867,680
99$387,931,541$78,917,385$48,595,290$303,789,725
100$427,438,031$82,721,810$50,160,705$333,406,029