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

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,392,447
2 years$727,677$714,125$700,990$688,256$675,903$648,857
3 years$480,299$466,688$453,587$440,972$428,821$402,521
4 years$356,634$343,065$330,095$317,696$305,839$280,488
5 years$282,455$268,967$256,167$244,021$232,494$208,164
6 years$233,018$219,632$207,021$195,145$183,964$160,683
7 years$197,720$184,447$172,036$160,440$149,612$127,385
8 years$171,259$158,105$145,900$134,589$124,118$102,939
9 years$150,688$137,659$125,664$114,640$104,525$84,381
10 years$134,242$121,339$109,556$98,821$89,061$69,933
11 years$120,794$108,021$96,452$86,004$76,595$58,462
12 years$109,596$96,954$85,598$75,437$66,376$49,211
13 years$100,128$87,618$76,477$66,599$57,881$41,657
14 years$92,019$79,643$68,715$59,119$50,738$35,425
15 years$84,998$72,755$62,040$52,724$44,674$30,240
16 years$78,861$66,751$56,248$47,209$39,483$25,897
17 years$73,451$61,475$51,184$42,417$35,008$22,237
18 years$68,648$56,806$46,724$38,226$31,128$19,137
19 years$64,355$52,647$42,774$34,540$27,745$16,501
20 years$60,497$48,922$39,256$31,283$24,782$14,252
21 years$57,010$45,569$36,108$28,391$22,177$12,326
22 years$53,845$42,537$33,279$25,814$19,879$10,673
23 years$50,959$39,784$30,727$23,510$17,844$9,252
24 years$48,317$37,275$28,417$21,442$16,039$8,026
25 years$45,891$34,981$26,320$19,582$14,433$6,969
26 years$43,655$32,876$24,411$17,905$13,000$6,054
27 years$41,588$30,941$22,667$16,389$11,721$5,263
28 years$39,672$29,155$21,072$15,016$10,576$4,578
29 years$37,892$27,505$19,610$13,770$9,550$3,983
30 years$36,233$25,975$18,266$12,637$8,629$3,467
31 years$34,684$24,555$17,028$11,606$7,801$3,019
32 years$33,235$23,234$15,888$10,666$7,057$2,629
33 years$31,877$22,003$14,835$9,809$6,386$2,290
34 years$30,602$20,854$13,861$9,025$5,782$1,996
35 years$29,401$19,780$12,959$8,308$5,237$1,739
36 years$28,271$18,774$12,122$7,651$4,745$1,516
37 years$27,203$17,831$11,346$7,050$4,301$1,322
38 years$26,195$16,946$10,625$6,498$3,899$1,152
39 years$25,240$16,114$9,955$5,991$3,536$1,005
40 years$24,335$15,331$9,331$5,526$3,207$876
41 years$23,477$14,593$8,749$5,099$2,909$764
42 years$22,662$13,898$8,207$4,705$2,640$666
43 years$21,887$13,242$7,701$4,344$2,396$581
44 years$21,149$12,623$7,229$4,011$2,175$507
45 years$20,446$12,037$6,788$3,704$1,974$442
46 years$19,775$11,483$6,375$3,421$1,793$386
47 years$19,135$10,958$5,989$3,161$1,628$337
48 years$18,524$10,461$5,628$2,921$1,478$294
49 years$17,939$9,990$5,290$2,699$1,343$256
50 years$17,379$9,542$4,974$2,495$1,220$224

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 $6,947 every year, while hoping to spend $55,925 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: 48/47/5 Blend
67$17,800,000$17,800,000$17,800,000$17,800,000
68$19,622,766$18,679,366$18,403,466$20,539,617
69$21,564,784$19,535,151$18,960,478$22,022,490
70$23,703,014$20,430,995$19,534,276$23,624,995
71$26,057,410$21,368,802$20,125,363$25,363,430
72$28,649,960$22,350,568$20,734,257$27,250,437
73$31,504,893$23,378,383$21,361,491$29,299,889
74$34,648,907$24,454,439$22,007,616$31,527,020
75$38,111,422$25,581,032$22,673,198$33,948,551
76$41,924,855$26,760,572$23,358,818$36,582,849
77$46,124,930$27,995,579$24,065,078$39,450,084
78$50,751,011$29,288,700$24,792,596$42,572,415
79$55,846,473$30,642,706$25,542,008$45,974,184
80$61,459,117$32,060,503$26,313,969$49,682,144
81$67,641,615$33,545,134$27,109,154$53,725,691
82$74,452,007$35,099,794$27,928,259$58,137,138
83$81,954,255$36,727,826$28,771,998$62,952,003
84$90,218,838$38,432,739$29,641,109$68,209,334
85$99,323,424$40,218,208$30,536,351$73,952,067
86$109,353,599$42,088,086$31,458,504$80,227,413
87$120,403,676$44,046,412$32,408,374$87,087,295
88$132,577,586$46,097,421$33,386,790$94,588,815
89$145,989,855$48,245,551$34,394,603$102,794,789
90$160,766,691$50,495,453$35,432,692$111,774,314
91$177,047,169$52,852,005$36,501,963$121,603,406
92$194,984,547$55,320,321$37,603,345$132,365,702
93$214,747,713$57,905,758$38,737,799$144,153,229
94$236,522,776$60,613,937$39,906,312$157,067,253
95$260,514,825$63,450,746$41,109,900$171,219,215
96$286,949,865$66,422,360$42,349,609$186,731,760
97$316,076,949$69,535,254$43,626,519$203,739,876
98$348,170,529$72,796,212$44,941,739$222,392,139
99$383,533,047$76,212,350$46,296,410$242,852,097
100$422,497,788$79,791,126$47,691,711$265,299,783