Can I retire at age 68 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,453,119
2 years$748,117$734,184$720,681$707,589$694,889$688,682
3 years$493,791$479,798$466,328$453,359$440,866$434,792
4 years$366,652$352,702$339,368$326,620$314,430$308,535
5 years$290,389$276,523$263,363$250,875$239,024$233,328
6 years$239,564$225,802$212,837$200,627$189,132$183,640
7 years$203,274$189,628$176,868$164,946$153,815$148,531
8 years$176,069$162,546$149,998$138,369$127,604$122,529
9 years$154,921$141,526$129,193$117,860$107,461$102,593
10 years$138,012$124,748$112,634$101,597$91,562$86,899
11 years$124,187$111,056$99,161$88,419$78,747$74,285
12 years$112,674$99,678$88,003$77,556$68,240$63,977
13 years$102,940$90,079$78,625$68,470$59,507$55,438
14 years$94,604$81,880$70,645$60,780$52,163$48,285
15 years$87,386$74,799$63,783$54,205$45,929$42,235
16 years$81,076$68,626$57,828$48,535$40,592$37,079
17 years$75,514$63,202$52,621$43,608$35,992$32,654
18 years$70,576$58,402$48,037$39,300$32,002$28,834
19 years$66,163$54,126$43,975$35,511$28,524$25,520
20 years$62,196$50,297$40,358$32,162$25,478$22,633
21 years$58,611$46,849$37,122$29,189$22,800$20,108
22 years$55,357$43,732$34,214$26,539$20,437$17,892
23 years$52,390$40,902$31,590$24,170$18,346$15,942
24 years$49,675$38,322$29,216$22,044$16,489$14,222
25 years$47,180$35,964$27,059$20,132$14,838$12,701
26 years$44,881$33,800$25,096$18,408$13,365$11,353
27 years$42,756$31,810$23,304$16,849$12,050$10,156
28 years$40,787$29,974$21,664$15,437$10,873$9,092
29 years$38,956$28,277$20,160$14,156$9,818$8,145
30 years$37,251$26,705$18,779$12,992$8,871$7,301
31 years$35,659$25,245$17,507$11,932$8,020$6,548
32 years$34,169$23,887$16,334$10,966$7,255$5,875
33 years$32,773$22,621$15,251$10,084$6,566$5,274
34 years$31,461$21,440$14,250$9,278$5,945$4,736
35 years$30,227$20,335$13,323$8,541$5,384$4,254
36 years$29,065$19,301$12,463$7,866$4,878$3,822
37 years$27,967$18,332$11,665$7,248$4,421$3,435
38 years$26,930$17,422$10,924$6,680$4,008$3,088
39 years$25,949$16,566$10,235$6,160$3,635$2,777
40 years$25,019$15,761$9,593$5,681$3,297$2,498
41 years$24,137$15,003$8,995$5,242$2,991$2,247
42 years$23,299$14,289$8,438$4,838$2,714$2,021
43 years$22,502$13,614$7,918$4,466$2,463$1,819
44 years$21,743$12,977$7,432$4,123$2,236$1,636
45 years$21,020$12,375$6,978$3,808$2,030$1,473
46 years$20,331$11,805$6,554$3,517$1,843$1,326
47 years$19,673$11,266$6,158$3,250$1,674$1,193
48 years$19,044$10,755$5,786$3,003$1,520$1,074
49 years$18,443$10,270$5,439$2,775$1,380$967
50 years$17,867$9,810$5,113$2,565$1,254$871

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $18,300,000, adding $3,001 every year, while hoping to spend $58,289 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: 77/11/12 Blend
67$18,300,000$18,300,000$18,300,000$18,300,000
68$20,169,696$19,199,796$18,916,146$21,675,966
69$22,164,985$20,078,566$19,487,817$23,547,076
70$24,361,841$20,998,444$20,076,687$25,590,544
71$26,780,761$21,961,380$20,683,268$27,829,613
72$29,444,333$22,969,421$21,308,091$30,283,751
73$32,377,444$24,024,712$21,951,701$32,974,393
74$35,607,521$25,129,501$22,614,661$35,925,139
75$39,164,785$26,286,143$23,297,549$39,161,977
76$43,082,536$27,497,107$24,000,960$42,713,523
77$47,397,471$28,764,982$24,725,509$46,611,290
78$52,150,026$30,092,478$25,471,826$50,889,981
79$57,384,758$31,482,439$26,240,562$55,587,814
80$63,150,769$32,937,845$27,032,386$60,746,881
81$69,502,166$34,461,817$27,847,989$66,413,538
82$76,498,570$36,057,630$28,688,080$72,638,846
83$84,205,684$37,728,713$29,553,391$79,479,039
84$92,695,908$39,478,664$30,444,673$86,996,063
85$102,049,024$41,311,252$31,362,703$95,258,146
86$112,352,949$43,230,428$32,308,278$104,340,444
87$123,704,564$45,240,333$33,282,220$114,325,746
88$136,210,630$47,345,310$34,285,375$125,305,248
89$149,988,792$49,549,908$35,318,613$137,379,411
90$165,168,695$51,858,900$36,382,833$150,658,904
91$181,893,201$54,277,285$37,478,957$165,265,645
92$200,319,742$56,810,306$38,607,936$181,333,942
93$220,621,802$59,463,458$39,770,749$199,011,763
94$242,990,561$62,242,502$40,968,403$218,462,118
95$267,636,691$65,153,477$42,201,937$239,864,598
96$294,792,350$68,202,715$43,472,419$263,417,063
97$324,713,374$71,396,852$44,780,949$289,337,501
98$357,681,686$74,742,845$46,128,659$317,866,079
99$394,007,964$78,247,991$47,516,715$349,267,407
100$434,034,568$81,919,935$48,946,317$383,833,022