Can I retire at age 68 with 18,100,000?

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 $18,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,402,741
2 years$739,941$726,160$712,805$699,855$687,295$646,723
3 years$488,394$474,554$461,232$448,404$436,048$396,752
4 years$362,645$348,847$335,659$323,050$310,993$273,275
5 years$287,216$273,501$260,485$248,133$236,412$200,376
6 years$236,946$223,334$210,510$198,434$187,065$152,743
7 years$201,052$187,555$174,935$163,144$152,134$119,528
8 years$174,145$160,770$148,359$136,857$126,210$95,301
9 years$153,228$139,979$127,782$116,572$106,287$77,046
10 years$136,504$123,384$111,403$100,486$90,562$62,950
11 years$122,830$109,842$98,077$87,453$77,886$51,859
12 years$111,443$98,588$87,041$76,708$67,494$43,002
13 years$101,815$89,095$77,765$67,722$58,856$35,845
14 years$93,570$80,985$69,873$60,116$51,593$30,007
15 years$86,431$73,981$63,086$53,613$45,427$25,208
16 years$80,190$67,876$57,196$48,004$40,148$21,237
17 years$74,689$62,512$52,046$43,132$35,598$17,935
18 years$69,805$57,763$47,512$38,870$31,652$15,176
19 years$65,440$53,535$43,495$35,123$28,212$12,863
20 years$61,516$49,747$39,917$31,810$25,200$10,918
21 years$57,971$46,337$36,716$28,870$22,551$9,278
22 years$54,752$43,254$33,840$26,249$20,214$7,892
23 years$51,818$40,455$31,245$23,906$18,145$6,718
24 years$49,132$37,903$28,896$21,803$16,309$5,724
25 years$46,665$35,571$26,764$19,912$14,676$4,879
26 years$44,391$33,431$24,822$18,207$13,219$4,161
27 years$42,289$31,462$23,049$16,665$11,918$3,551
28 years$40,341$29,647$21,427$15,269$10,754$3,031
29 years$38,530$27,968$19,940$14,002$9,711$2,588
30 years$36,844$26,413$18,573$12,850$8,774$2,210
31 years$35,269$24,969$17,315$11,802$7,933$1,888
32 years$33,796$23,626$16,156$10,846$7,176$1,613
33 years$32,414$22,374$15,085$9,974$6,494$1,379
34 years$31,117$21,205$14,094$9,177$5,880$1,178
35 years$29,897$20,113$13,177$8,448$5,325$1,007
36 years$28,747$19,090$12,327$7,780$4,825$861
37 years$27,662$18,131$11,538$7,168$4,373$736
38 years$26,636$17,231$10,805$6,607$3,965$630
39 years$25,665$16,385$10,123$6,092$3,595$538
40 years$24,746$15,589$9,488$5,619$3,261$460
41 years$23,873$14,839$8,897$5,184$2,959$394
42 years$23,044$14,133$8,345$4,785$2,685$337
43 years$22,256$13,465$7,831$4,417$2,436$288
44 years$21,505$12,835$7,351$4,078$2,212$246
45 years$20,790$12,240$6,902$3,766$2,008$211
46 years$20,109$11,676$6,483$3,479$1,823$180
47 years$19,458$11,143$6,090$3,214$1,655$154
48 years$18,836$10,637$5,723$2,970$1,503$132
49 years$18,241$10,158$5,379$2,745$1,365$113
50 years$17,672$9,703$5,058$2,537$1,240$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $18,100,000, adding $6,834 every year, while hoping to spend $36,997 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: 47/35/18 Blend
67$18,100,000$18,100,000$18,100,000$18,100,000
68$19,953,249$18,993,949$18,713,399$20,788,967
69$21,949,116$19,885,288$19,300,934$22,262,561
70$24,147,322$20,819,063$19,906,910$23,856,753
71$26,568,465$21,797,313$20,531,908$25,586,284
72$29,235,245$22,822,179$21,176,524$27,463,807
73$32,172,677$23,895,902$21,841,374$29,503,217
74$35,408,322$25,020,834$22,527,093$31,719,770
75$38,972,555$26,199,439$23,234,335$34,130,225
76$42,898,847$27,434,302$23,963,776$36,752,993
77$47,224,080$28,728,133$24,716,113$39,608,300
78$51,988,897$30,083,773$25,492,064$42,718,376
79$57,238,086$31,504,200$26,292,370$46,107,648
80$63,021,002$32,992,537$27,117,795$49,802,969
81$69,392,031$34,552,058$27,969,128$53,833,855
82$76,411,106$36,186,196$28,847,182$58,232,761
83$84,144,271$37,898,552$29,752,794$63,035,371
84$92,664,305$39,692,899$30,686,831$68,280,927
85$102,051,407$41,573,195$31,650,183$74,012,586
86$112,393,957$43,543,588$32,643,771$80,277,819
87$123,789,347$45,608,430$33,668,543$87,128,841
88$136,344,899$47,772,282$34,725,478$94,623,098
89$150,178,882$50,039,927$35,815,585$102,823,789
90$165,421,626$52,416,381$36,939,905$111,800,452
91$182,216,752$54,906,904$38,099,512$121,629,605
92$200,722,527$57,517,008$39,295,512$132,395,453
93$221,113,361$60,252,478$40,529,048$144,190,663
94$243,581,449$63,119,375$41,801,296$157,117,228
95$268,338,590$66,124,057$43,113,473$171,287,407
96$295,618,182$69,273,192$44,466,830$186,824,766
97$325,677,428$72,573,770$45,862,660$203,865,329
98$358,799,762$76,033,121$47,302,296$222,558,837
99$395,297,526$79,658,932$48,787,111$243,070,142
100$435,514,918$83,459,263$50,318,523$265,580,742