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%16.4%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,382,280
2 years$727,677$714,125$700,990$688,256$675,903$638,761
3 years$480,299$466,688$453,587$440,972$428,821$392,816
4 years$356,634$343,065$330,095$317,696$305,839$271,248
5 years$282,455$268,967$256,167$244,021$232,494$199,413
6 years$233,018$219,632$207,021$195,145$183,964$152,426
7 years$197,720$184,447$172,036$160,440$149,612$119,618
8 years$171,259$158,105$145,900$134,589$124,118$95,653
9 years$150,688$137,659$125,664$114,640$104,525$77,565
10 years$134,242$121,339$109,556$98,821$89,061$63,572
11 years$120,794$108,021$96,452$86,004$76,595$52,539
12 years$109,596$96,954$85,598$75,437$66,376$43,710
13 years$100,128$87,618$76,477$66,599$57,881$36,558
14 years$92,019$79,643$68,715$59,119$50,738$30,709
15 years$84,998$72,755$62,040$52,724$44,674$25,889
16 years$78,861$66,751$56,248$47,209$39,483$21,889
17 years$73,451$61,475$51,184$42,417$35,008$18,552
18 years$68,648$56,806$46,724$38,226$31,128$15,757
19 years$64,355$52,647$42,774$34,540$27,745$13,406
20 years$60,497$48,922$39,256$31,283$24,782$11,422
21 years$57,010$45,569$36,108$28,391$22,177$9,743
22 years$53,845$42,537$33,279$25,814$19,879$8,320
23 years$50,959$39,784$30,727$23,510$17,844$7,111
24 years$48,317$37,275$28,417$21,442$16,039$6,082
25 years$45,891$34,981$26,320$19,582$14,433$5,206
26 years$43,655$32,876$24,411$17,905$13,000$4,458
27 years$41,588$30,941$22,667$16,389$11,721$3,819
28 years$39,672$29,155$21,072$15,016$10,576$3,273
29 years$37,892$27,505$19,610$13,770$9,550$2,806
30 years$36,233$25,975$18,266$12,637$8,629$2,407
31 years$34,684$24,555$17,028$11,606$7,801$2,065
32 years$33,235$23,234$15,888$10,666$7,057$1,771
33 years$31,877$22,003$14,835$9,809$6,386$1,520
34 years$30,602$20,854$13,861$9,025$5,782$1,305
35 years$29,401$19,780$12,959$8,308$5,237$1,120
36 years$28,271$18,774$12,122$7,651$4,745$962
37 years$27,203$17,831$11,346$7,050$4,301$826
38 years$26,195$16,946$10,625$6,498$3,899$709
39 years$25,240$16,114$9,955$5,991$3,536$609
40 years$24,335$15,331$9,331$5,526$3,207$523
41 years$23,477$14,593$8,749$5,099$2,909$449
42 years$22,662$13,898$8,207$4,705$2,640$386
43 years$21,887$13,242$7,701$4,344$2,396$331
44 years$21,149$12,623$7,229$4,011$2,175$284
45 years$20,446$12,037$6,788$3,704$1,974$244
46 years$19,775$11,483$6,375$3,421$1,793$210
47 years$19,135$10,958$5,989$3,161$1,628$180
48 years$18,524$10,461$5,628$2,921$1,478$155
49 years$17,939$9,990$5,290$2,699$1,343$133
50 years$17,379$9,542$4,974$2,495$1,220$114

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 $3,732 every year, while hoping to spend $57,837 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: 26/46/28 Blend
67$17,800,000$17,800,000$17,800,000$17,800,000
68$19,619,450$18,676,050$18,400,150$19,957,716
69$21,559,095$19,529,638$18,955,016$21,089,742
70$23,694,646$20,423,114$19,526,533$22,298,257
71$26,046,024$21,358,370$20,115,196$23,593,737
72$28,635,180$22,337,392$20,721,516$24,983,576
73$31,486,303$23,362,258$21,346,021$26,475,862
74$34,626,045$24,435,148$21,989,252$28,079,440
75$38,083,777$25,558,346$22,651,768$29,803,989
76$41,891,864$26,734,246$23,334,143$31,660,102
77$46,085,966$27,965,356$24,036,969$33,659,381
78$50,705,383$29,254,307$24,760,856$35,814,530
79$55,793,417$30,603,854$25,506,430$38,139,468
80$61,397,788$32,016,885$26,274,338$40,649,448
81$67,571,078$33,496,428$27,065,244$43,361,190
82$74,371,232$35,045,656$27,879,833$46,293,024
83$81,862,100$36,667,895$28,718,810$49,465,056
84$90,114,044$38,366,632$29,582,900$52,899,336
85$99,204,599$40,145,520$30,472,850$56,620,061
86$109,219,207$42,008,390$31,389,429$60,653,782
87$120,252,021$43,959,256$32,333,430$65,029,642
88$132,406,795$46,002,327$33,305,667$69,779,635
89$145,797,861$48,142,014$34,306,980$74,938,891
90$160,551,211$50,382,941$35,338,232$80,545,993
91$176,805,685$52,729,955$36,400,314$86,643,315
92$194,714,280$55,188,138$37,494,140$93,277,413
93$214,445,597$57,762,817$38,620,653$100,499,437
94$236,185,426$60,459,574$39,780,823$108,365,595
95$260,138,510$63,284,263$40,975,651$116,937,662
96$286,530,466$66,243,020$42,206,163$126,283,544
97$315,609,923$69,342,277$43,473,420$136,477,886
98$347,650,866$72,588,779$44,778,509$147,602,761
99$382,955,219$75,989,595$46,122,555$159,748,412
100$421,855,702$79,552,135$47,506,711$173,014,081