Can I retire at age 68 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,401,994
2 years$731,765$718,137$704,928$692,122$679,701$654,220
3 years$482,997$469,310$456,135$443,449$431,230$406,440
4 years$358,638$344,993$331,950$319,480$307,557$283,648
5 years$284,042$270,478$257,607$245,392$233,800$210,841
6 years$234,327$220,866$208,184$196,242$184,998$163,015
7 years$198,831$185,483$173,002$161,341$150,453$129,451
8 years$172,221$158,993$146,720$135,345$124,815$104,791
9 years$151,535$138,432$126,370$115,284$105,112$86,053
10 years$134,996$122,021$110,172$99,376$89,561$71,450
11 years$121,473$108,628$96,994$86,487$77,025$59,843
12 years$110,211$97,499$86,079$75,860$66,749$50,471
13 years$100,690$88,110$76,906$66,973$58,206$42,808
14 years$92,536$80,090$69,101$59,452$51,023$36,478
15 years$85,476$73,164$62,388$53,020$44,925$31,204
16 years$79,304$67,126$56,564$47,474$39,705$26,779
17 years$73,864$61,821$51,471$42,655$35,205$23,043
18 years$69,033$57,125$46,987$38,441$31,303$19,875
19 years$64,717$52,943$43,014$34,734$27,901$17,175
20 years$60,836$49,197$39,476$31,459$24,921$14,867
21 years$57,330$45,825$36,310$28,551$22,302$12,887
22 years$54,147$42,776$33,466$25,959$19,990$11,185
23 years$51,245$40,008$30,900$23,642$17,945$9,718
24 years$48,589$37,485$28,577$21,562$16,129$8,451
25 years$46,149$35,177$26,468$19,692$14,514$7,355
26 years$43,900$33,061$24,548$18,005$13,073$6,405
27 years$41,822$31,114$22,795$16,481$11,787$5,582
28 years$39,895$29,319$21,191$15,100$10,635$4,866
29 years$38,105$27,659$19,720$13,847$9,603$4,245
30 years$36,437$26,121$18,368$12,708$8,677$3,704
31 years$34,879$24,693$17,124$11,671$7,845$3,233
32 years$33,422$23,365$15,977$10,726$7,096$2,823
33 years$32,056$22,127$14,918$9,864$6,422$2,465
34 years$30,773$20,971$13,938$9,075$5,815$2,154
35 years$29,567$19,891$13,031$8,354$5,267$1,882
36 years$28,429$18,879$12,191$7,694$4,772$1,644
37 years$27,356$17,931$11,410$7,089$4,325$1,437
38 years$26,342$17,041$10,685$6,534$3,921$1,256
39 years$25,382$16,204$10,011$6,025$3,556$1,098
40 years$24,472$15,417$9,383$5,557$3,225$960
41 years$23,609$14,675$8,798$5,127$2,926$839
42 years$22,789$13,976$8,253$4,732$2,655$734
43 years$22,010$13,317$7,745$4,368$2,409$642
44 years$21,268$12,694$7,270$4,033$2,187$561
45 years$20,561$12,104$6,826$3,725$1,985$491
46 years$19,886$11,547$6,411$3,441$1,803$429
47 years$19,243$11,020$6,023$3,179$1,637$376
48 years$18,628$10,520$5,660$2,937$1,487$329
49 years$18,039$10,046$5,320$2,714$1,350$287
50 years$17,477$9,596$5,002$2,509$1,226$251

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $17,900,000, adding $4,684 every year, while hoping to spend $46,617 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: 56/17/27 Blend
67$17,900,000$17,900,000$17,900,000$17,900,000
68$19,730,632$18,781,932$18,504,482$20,688,772
69$21,693,556$19,652,646$19,074,782$22,218,601
70$23,855,136$20,564,463$19,662,624$23,879,311
71$26,235,586$21,519,348$20,268,548$25,687,818
72$28,857,179$22,519,359$20,893,108$27,658,392
73$31,744,460$23,566,657$21,536,876$29,806,723
74$34,924,475$24,663,503$22,200,441$32,150,071
75$38,427,027$25,812,270$22,884,411$34,707,420
76$42,284,957$27,015,445$23,589,412$37,499,655
77$46,534,455$28,275,634$24,316,090$40,549,755
78$51,215,399$29,595,570$25,065,109$43,883,003
79$56,371,734$30,978,117$25,837,154$47,527,219
80$62,051,885$32,426,278$26,632,933$51,513,022
81$68,309,214$33,943,202$27,453,173$55,874,105
82$75,202,523$35,532,189$28,298,623$60,647,555
83$82,796,611$37,196,697$29,170,058$65,874,195
84$91,162,885$38,940,355$30,068,275$71,598,958
85$100,380,030$40,766,963$30,994,093$77,871,313
86$110,534,759$42,680,510$31,948,360$84,745,716
87$121,722,622$44,685,173$32,931,948$92,282,124
88$134,048,917$46,785,334$33,945,756$100,546,550
89$147,629,677$48,985,586$34,990,710$109,611,679
90$162,592,770$51,290,745$36,067,765$119,557,545
91$179,079,102$53,705,861$37,177,904$130,472,280
92$197,243,948$56,236,226$38,322,142$142,452,934
93$217,258,421$58,887,391$39,501,523$155,606,385
94$239,311,080$61,665,173$40,717,124$170,050,337
95$263,609,718$64,575,675$41,970,056$185,914,419
96$290,383,318$67,625,291$43,261,461$203,341,402
97$319,884,215$70,820,730$44,592,519$222,488,533
98$352,390,481$74,169,021$45,964,444$243,529,006
99$388,208,545$77,677,538$47,378,488$266,653,592
100$427,676,090$81,354,011$48,835,941$292,072,419