Can I retire at age 68 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,400,499
2 years$727,677$714,125$700,990$688,256$675,903$656,895
3 years$480,299$466,688$453,587$440,972$428,821$410,292
4 years$356,634$343,065$330,095$317,696$305,839$287,932
5 years$282,455$268,967$256,167$244,021$232,494$215,261
6 years$233,018$219,632$207,021$195,145$183,964$167,427
7 years$197,720$184,447$172,036$160,440$149,612$133,776
8 years$171,259$158,105$145,900$134,589$124,118$108,981
9 years$150,688$137,659$125,664$114,640$104,525$90,080
10 years$134,242$121,339$109,556$98,821$89,061$75,298
11 years$120,794$108,021$96,452$86,004$76,595$63,501
12 years$109,596$96,954$85,598$75,437$66,376$53,936
13 years$100,128$87,618$76,477$66,599$57,881$46,079
14 years$92,019$79,643$68,715$59,119$50,738$39,556
15 years$84,998$72,755$62,040$52,724$44,674$34,093
16 years$78,861$66,751$56,248$47,209$39,483$29,484
17 years$73,451$61,475$51,184$42,417$35,008$25,570
18 years$68,648$56,806$46,724$38,226$31,128$22,230
19 years$64,355$52,647$42,774$34,540$27,745$19,366
20 years$60,497$48,922$39,256$31,283$24,782$16,901
21 years$57,010$45,569$36,108$28,391$22,177$14,773
22 years$53,845$42,537$33,279$25,814$19,879$12,930
23 years$50,959$39,784$30,727$23,510$17,844$11,330
24 years$48,317$37,275$28,417$21,442$16,039$9,938
25 years$45,891$34,981$26,320$19,582$14,433$8,724
26 years$43,655$32,876$24,411$17,905$13,000$7,665
27 years$41,588$30,941$22,667$16,389$11,721$6,738
28 years$39,672$29,155$21,072$15,016$10,576$5,927
29 years$37,892$27,505$19,610$13,770$9,550$5,217
30 years$36,233$25,975$18,266$12,637$8,629$4,593
31 years$34,684$24,555$17,028$11,606$7,801$4,046
32 years$33,235$23,234$15,888$10,666$7,057$3,565
33 years$31,877$22,003$14,835$9,809$6,386$3,142
34 years$30,602$20,854$13,861$9,025$5,782$2,770
35 years$29,401$19,780$12,959$8,308$5,237$2,443
36 years$28,271$18,774$12,122$7,651$4,745$2,155
37 years$27,203$17,831$11,346$7,050$4,301$1,901
38 years$26,195$16,946$10,625$6,498$3,899$1,677
39 years$25,240$16,114$9,955$5,991$3,536$1,480
40 years$24,335$15,331$9,331$5,526$3,207$1,306
41 years$23,477$14,593$8,749$5,099$2,909$1,153
42 years$22,662$13,898$8,207$4,705$2,640$1,018
43 years$21,887$13,242$7,701$4,344$2,396$899
44 years$21,149$12,623$7,229$4,011$2,175$793
45 years$20,446$12,037$6,788$3,704$1,974$701
46 years$19,775$11,483$6,375$3,421$1,793$619
47 years$19,135$10,958$5,989$3,161$1,628$546
48 years$18,524$10,461$5,628$2,921$1,478$482
49 years$17,939$9,990$5,290$2,699$1,343$426
50 years$17,379$9,542$4,974$2,495$1,220$376

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $17,800,000, adding $2,927 every year, while hoping to spend $54,841 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: 44/41/15 Blend
67$17,800,000$17,800,000$17,800,000$17,800,000
68$19,618,619$18,675,219$18,399,319$20,396,844
69$21,561,368$19,531,955$18,957,346$21,798,121
70$23,700,439$20,428,832$19,532,229$23,310,302
71$26,055,799$21,367,760$20,124,474$24,948,138
72$28,649,451$22,350,740$20,734,604$26,723,240
73$31,505,638$23,379,869$21,363,156$28,648,349
74$34,651,075$24,457,345$22,010,683$30,737,448
75$38,115,200$25,585,470$22,677,757$33,005,892
76$41,930,452$26,766,660$23,364,963$35,470,538
77$46,132,576$28,003,444$24,072,907$38,149,902
78$50,760,961$29,298,475$24,802,212$41,064,318
79$55,859,011$30,654,533$25,553,519$44,236,129
80$61,474,556$32,074,531$26,327,487$47,689,882
81$67,660,302$33,561,524$27,124,799$51,452,551
82$74,474,327$35,118,713$27,946,154$55,553,783
83$81,980,631$36,749,453$28,792,273$60,026,168
84$90,249,741$38,457,262$29,663,900$64,905,528
85$99,359,374$40,245,826$30,561,800$70,231,252
86$109,395,170$42,119,012$31,486,760$76,046,650
87$120,451,503$44,080,869$32,439,592$82,399,351
88$132,632,370$46,135,646$33,421,132$89,341,737
89$146,052,372$48,287,793$34,432,240$96,931,423
90$160,837,796$50,541,977$35,473,803$105,231,790
91$177,127,809$52,903,091$36,546,733$114,312,560
92$195,075,766$55,376,263$37,651,969$124,250,446
93$214,850,664$57,966,870$38,790,480$135,129,853
94$236,638,732$60,680,547$39,963,261$147,043,658
95$260,645,193$63,523,203$41,171,340$160,094,070
96$287,096,195$66,501,033$42,415,773$174,393,573
97$316,240,953$69,620,530$43,697,647$190,065,968
98$348,354,097$72,888,502$45,018,085$207,247,519
99$383,738,262$76,312,087$46,378,239$226,088,217
100$422,726,953$79,898,767$47,779,297$246,753,173