Can I retire at age 68 with 18,400,000?

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 $18,400,000?

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$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,461,059
2 years$752,205$738,196$724,619$711,455$698,687$692,445
3 years$496,489$482,419$468,877$455,836$443,275$437,168
4 years$368,656$354,629$341,222$328,404$316,148$310,221
5 years$291,976$278,034$264,802$252,246$240,331$234,603
6 years$240,873$227,035$214,000$201,723$190,165$184,644
7 years$204,385$190,664$177,835$165,848$154,655$149,343
8 years$177,031$163,434$150,818$139,126$128,302$123,198
9 years$155,768$142,299$129,899$118,504$108,048$103,153
10 years$138,767$125,430$113,249$102,152$92,063$87,373
11 years$124,866$111,663$99,703$88,903$79,177$74,691
12 years$113,290$100,222$88,484$77,980$68,613$64,326
13 years$103,503$90,572$79,054$68,844$59,832$55,741
14 years$95,121$82,327$71,031$61,112$52,448$48,548
15 years$87,863$75,207$64,131$54,501$46,180$42,466
16 years$81,519$69,001$58,144$48,800$40,814$37,281
17 years$75,927$63,548$52,909$43,846$36,188$32,832
18 years$70,962$58,721$48,299$39,514$32,177$28,992
19 years$66,524$54,422$44,216$35,705$28,680$25,660
20 years$62,536$50,571$40,579$32,337$25,617$22,757
21 years$58,932$47,105$37,325$29,348$22,925$20,218
22 years$55,660$43,971$34,400$26,684$20,549$17,990
23 years$52,677$41,125$31,763$24,302$18,446$16,030
24 years$49,946$38,532$29,375$22,165$16,580$14,300
25 years$47,438$36,160$27,207$20,242$14,919$12,770
26 years$45,127$33,985$25,233$18,508$13,439$11,415
27 years$42,990$31,984$23,431$16,941$12,116$10,212
28 years$41,010$30,138$21,783$15,522$10,932$9,142
29 years$39,169$28,432$20,270$14,234$9,872$8,190
30 years$37,454$26,851$18,881$13,063$8,920$7,341
31 years$35,854$25,383$17,602$11,997$8,064$6,584
32 years$34,356$24,017$16,423$11,026$7,295$5,907
33 years$32,952$22,745$15,335$10,139$6,602$5,303
34 years$31,633$21,557$14,328$9,329$5,977$4,762
35 years$30,392$20,446$13,395$8,588$5,414$4,277
36 years$29,223$19,407$12,531$7,909$4,905$3,843
37 years$28,120$18,432$11,729$7,287$4,446$3,454
38 years$27,078$17,517$10,984$6,717$4,030$3,105
39 years$26,091$16,657$10,290$6,193$3,655$2,792
40 years$25,156$15,848$9,645$5,712$3,315$2,511
41 years$24,269$15,085$9,044$5,270$3,008$2,259
42 years$23,426$14,367$8,484$4,864$2,729$2,032
43 years$22,625$13,689$7,961$4,490$2,477$1,828
44 years$21,862$13,048$7,473$4,146$2,248$1,645
45 years$21,135$12,443$7,017$3,829$2,041$1,481
46 years$20,442$11,870$6,590$3,537$1,853$1,333
47 years$19,780$11,327$6,191$3,267$1,683$1,200
48 years$19,148$10,813$5,818$3,019$1,528$1,080
49 years$18,543$10,326$5,469$2,790$1,388$972
50 years$17,965$9,864$5,141$2,579$1,261$876

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $18,400,000, adding $6,104 every year, while hoping to spend $29,263 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: 54/31/15 Blend
67$18,400,000$18,400,000$18,400,000$18,400,000
68$20,283,096$19,307,896$19,022,696$21,297,319
69$22,320,836$20,222,848$19,628,821$22,904,254
70$24,565,445$21,181,651$20,254,270$24,648,803
71$27,037,993$22,186,424$20,899,660$26,547,036
72$29,761,697$23,239,387$21,565,627$28,613,591
73$32,762,142$24,342,869$22,252,828$30,864,551
74$36,067,522$25,499,311$22,961,939$33,317,594
75$39,708,905$26,711,274$23,693,661$35,992,148
76$43,720,529$27,981,441$24,448,713$38,909,572
77$48,140,119$29,312,628$25,227,842$42,093,346
78$53,009,251$30,707,787$26,031,814$45,569,291
79$58,373,737$32,170,011$26,861,423$49,365,798
80$64,284,064$33,702,547$27,717,486$53,514,093
81$70,795,865$35,308,798$28,600,848$58,048,519
82$77,970,446$36,992,332$29,512,379$63,006,855
83$85,875,367$38,756,892$30,452,979$68,430,659
84$94,585,076$40,606,401$31,423,575$74,365,655
85$104,181,613$42,544,974$32,425,124$80,862,150
86$114,755,386$44,576,926$33,458,614$87,975,499
87$126,406,022$46,706,782$34,525,065$95,766,619
88$139,243,309$48,939,288$35,625,528$104,302,549
89$153,388,232$51,279,418$36,761,088$113,657,069
90$168,974,112$53,732,390$37,932,865$123,911,390
91$186,147,872$56,303,677$39,142,016$135,154,898
92$205,071,414$58,999,017$40,389,733$147,485,990
93$225,923,157$61,824,427$41,677,248$161,012,988
94$248,899,712$64,786,218$43,005,829$175,855,140
95$274,217,747$67,891,006$44,376,788$192,143,736
96$302,116,024$71,145,733$45,791,478$210,023,325
97$332,857,660$74,557,675$47,251,294$229,653,065
98$366,732,606$78,134,465$48,757,676$251,208,207
99$404,060,385$81,884,107$50,312,112$274,881,726
100$445,193,111$85,814,995$51,916,134$300,886,125