Can I retire at age 68 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,388,612
2 years$723,589$710,113$697,052$684,389$672,106$649,188
3 years$477,601$464,066$451,039$438,495$426,412$404,098
4 years$354,631$341,138$328,241$315,911$304,120$282,585
5 years$280,868$267,456$254,728$242,650$231,188$210,491
6 years$231,709$218,398$205,858$194,049$182,931$163,098
7 years$196,609$183,410$171,069$159,538$148,772$129,808
8 years$170,296$157,217$145,080$133,833$123,420$105,322
9 years$149,842$136,885$124,958$113,996$103,938$86,696
10 years$133,487$120,658$108,941$98,265$88,560$72,161
11 years$120,115$107,415$95,910$85,520$76,165$60,590
12 years$108,980$96,409$85,118$75,013$66,003$51,233
13 years$99,565$87,126$76,047$66,225$57,556$43,569
14 years$91,502$79,195$68,328$58,787$50,453$37,227
15 years$84,521$72,346$61,691$52,428$44,423$31,932
16 years$78,418$66,376$55,932$46,944$39,261$27,480
17 years$73,038$61,130$50,896$42,178$34,812$23,715
18 years$68,262$56,487$46,462$38,011$30,953$20,513
19 years$63,994$52,351$42,533$34,346$27,589$17,779
20 years$60,157$48,648$39,035$31,107$24,643$15,436
21 years$56,690$45,313$35,905$28,232$22,053$13,421
22 years$53,542$42,298$33,092$25,669$19,767$11,684
23 years$50,673$39,561$30,554$23,377$17,744$10,183
24 years$48,046$37,066$28,258$21,322$15,949$8,883
25 years$45,633$34,784$26,172$19,472$14,351$7,756
26 years$43,410$32,692$24,273$17,804$12,927$6,776
27 years$41,355$30,767$22,540$16,297$11,655$5,924
28 years$39,449$28,991$20,954$14,931$10,517$5,181
29 years$37,679$27,350$19,499$13,692$9,496$4,534
30 years$36,030$25,829$18,163$12,566$8,580$3,969
31 years$34,490$24,417$16,933$11,541$7,757$3,476
32 years$33,049$23,104$15,799$10,606$7,017$3,045
33 years$31,698$21,879$14,751$9,753$6,351$2,669
34 years$30,430$20,737$13,783$8,974$5,750$2,339
35 years$29,236$19,669$12,886$8,261$5,208$2,050
36 years$28,112$18,668$12,054$7,608$4,718$1,798
37 years$27,050$17,731$11,283$7,010$4,277$1,577
38 years$26,047$16,850$10,566$6,461$3,877$1,383
39 years$25,098$16,023$9,899$5,958$3,516$1,213
40 years$24,199$15,245$9,278$5,495$3,189$1,064
41 years$23,345$14,511$8,700$5,070$2,893$934
42 years$22,535$13,820$8,161$4,679$2,625$819
43 years$21,764$13,168$7,658$4,319$2,383$719
44 years$21,030$12,552$7,188$3,988$2,163$631
45 years$20,331$11,969$6,750$3,683$1,963$554
46 years$19,664$11,418$6,339$3,402$1,783$486
47 years$19,028$10,896$5,956$3,143$1,619$427
48 years$18,419$10,402$5,597$2,904$1,470$374
49 years$17,838$9,933$5,261$2,684$1,335$329
50 years$17,281$9,489$4,946$2,481$1,213$288

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $17,700,000, adding $5,667 every year, while hoping to spend $34,245 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: 54/41/5 Blend
67$17,700,000$17,700,000$17,700,000$17,700,000
68$19,511,246$18,573,146$18,298,796$20,544,017
69$21,464,956$19,446,793$18,875,369$22,115,422
70$23,616,798$20,362,102$19,470,109$23,820,426
71$25,986,943$21,321,077$20,083,590$25,675,091
72$28,597,622$22,325,820$20,716,401$27,693,578
73$31,473,330$23,378,537$21,369,152$29,891,445
74$34,641,062$24,481,537$22,042,470$32,285,781
75$38,130,561$25,637,243$22,737,004$34,895,364
76$41,974,608$26,848,197$23,453,423$37,740,825
77$46,209,321$28,117,062$24,192,415$40,844,841
78$50,874,503$29,446,630$24,954,693$44,232,336
79$56,014,017$30,839,830$25,740,990$47,930,707
80$61,676,197$32,299,731$26,552,063$51,970,078
81$67,914,304$33,829,553$27,388,692$56,383,569
82$74,787,033$35,432,671$28,251,683$61,207,601
83$82,359,062$37,112,624$29,141,867$66,482,228
84$90,701,667$38,873,123$30,060,100$72,251,504
85$99,893,390$40,718,059$31,007,266$78,563,888
86$110,020,784$42,651,512$31,984,277$85,472,688
87$121,179,227$44,677,759$32,992,074$93,036,550
88$133,473,825$46,801,286$34,031,626$101,320,001
89$147,020,404$49,026,798$35,103,933$110,394,039
90$161,946,599$51,359,225$36,210,029$120,336,795
91$178,393,065$53,803,740$37,350,978$131,234,247
92$196,514,799$56,365,765$38,527,878$143,181,021
93$216,482,609$59,050,987$39,741,861$156,281,264
94$238,484,718$61,865,369$40,994,097$170,649,612
95$262,728,551$64,815,163$42,285,791$186,412,249
96$289,442,684$67,906,927$43,618,186$203,708,081
97$318,879,007$71,147,536$44,992,564$222,690,026
98$351,315,099$74,544,199$46,410,249$243,526,436
99$387,056,852$78,104,477$47,872,605$266,402,663
100$426,441,354$81,836,299$49,381,040$291,522,783