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

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,417,440
2 years$752,205$738,196$724,619$711,455$698,687$649,011
3 years$496,489$482,419$468,877$455,836$443,275$395,286
4 years$368,656$354,629$341,222$328,404$316,148$270,212
5 years$291,976$278,034$264,802$252,246$240,331$196,570
6 years$240,873$227,035$214,000$201,723$190,165$148,615
7 years$204,385$190,664$177,835$165,848$154,655$115,309
8 years$177,031$163,434$150,818$139,126$128,302$91,128
9 years$155,768$142,299$129,899$118,504$108,048$73,002
10 years$138,767$125,430$113,249$102,152$92,063$59,087
11 years$124,866$111,663$99,703$88,903$79,177$48,207
12 years$113,290$100,222$88,484$77,980$68,613$39,579
13 years$103,503$90,572$79,054$68,844$59,832$32,658
14 years$95,121$82,327$71,031$61,112$52,448$27,056
15 years$87,863$75,207$64,131$54,501$46,180$22,489
16 years$81,519$69,001$58,144$48,800$40,814$18,743
17 years$75,927$63,548$52,909$43,846$36,188$15,655
18 years$70,962$58,721$48,299$39,514$32,177$13,100
19 years$66,524$54,422$44,216$35,705$28,680$10,979
20 years$62,536$50,571$40,579$32,337$25,617$9,212
21 years$58,932$47,105$37,325$29,348$22,925$7,738
22 years$55,660$43,971$34,400$26,684$20,549$6,506
23 years$52,677$41,125$31,763$24,302$18,446$5,473
24 years$49,946$38,532$29,375$22,165$16,580$4,608
25 years$47,438$36,160$27,207$20,242$14,919$3,881
26 years$45,127$33,985$25,233$18,508$13,439$3,270
27 years$42,990$31,984$23,431$16,941$12,116$2,757
28 years$41,010$30,138$21,783$15,522$10,932$2,324
29 years$39,169$28,432$20,270$14,234$9,872$1,961
30 years$37,454$26,851$18,881$13,063$8,920$1,654
31 years$35,854$25,383$17,602$11,997$8,064$1,396
32 years$34,356$24,017$16,423$11,026$7,295$1,178
33 years$32,952$22,745$15,335$10,139$6,602$994
34 years$31,633$21,557$14,328$9,329$5,977$839
35 years$30,392$20,446$13,395$8,588$5,414$708
36 years$29,223$19,407$12,531$7,909$4,905$598
37 years$28,120$18,432$11,729$7,287$4,446$505
38 years$27,078$17,517$10,984$6,717$4,030$426
39 years$26,091$16,657$10,290$6,193$3,655$360
40 years$25,156$15,848$9,645$5,712$3,315$304
41 years$24,269$15,085$9,044$5,270$3,008$257
42 years$23,426$14,367$8,484$4,864$2,729$217
43 years$22,625$13,689$7,961$4,490$2,477$183
44 years$21,862$13,048$7,473$4,146$2,248$155
45 years$21,135$12,443$7,017$3,829$2,041$131
46 years$20,442$11,870$6,590$3,537$1,853$110
47 years$19,780$11,327$6,191$3,267$1,683$93
48 years$19,148$10,813$5,818$3,019$1,528$79
49 years$18,543$10,326$5,469$2,790$1,388$66
50 years$17,965$9,864$5,141$2,579$1,261$56

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 $4,478 every year, while hoping to spend $22,424 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: 70/14/16 Blend
67$18,400,000$18,400,000$18,400,000$18,400,000
68$20,281,419$19,306,219$19,021,019$21,625,327
69$22,326,265$20,228,365$19,634,364$23,441,952
70$24,578,933$21,194,944$20,267,505$25,426,371
71$27,060,599$22,208,111$20,921,081$27,597,662
72$29,794,594$23,270,123$21,595,751$29,974,263
73$32,806,633$24,383,348$22,292,199$32,576,472
74$36,125,048$25,550,272$23,011,126$35,426,625
75$39,781,065$26,773,496$23,753,260$38,549,311
76$43,809,089$28,055,753$24,519,351$41,971,598
77$48,247,039$29,399,908$25,310,171$45,723,283
78$53,136,696$30,808,962$26,126,521$49,837,170
79$58,524,104$32,286,067$26,969,225$54,349,377
80$64,460,003$33,834,525$27,839,135$59,299,670
81$71,000,307$35,457,800$28,737,129$64,731,836
82$78,206,632$37,159,525$29,664,116$70,694,088
83$86,146,877$38,943,511$30,621,033$77,239,518
84$94,895,866$40,813,751$31,608,845$84,426,594
85$104,536,056$42,774,436$32,628,553$92,319,702
86$115,158,311$44,829,960$33,681,187$100,989,750
87$126,862,762$46,984,932$34,767,810$110,514,833
88$139,759,754$49,244,184$35,889,522$120,980,963
89$153,970,884$51,612,784$37,047,456$132,482,871
90$169,630,152$54,096,049$38,242,784$145,124,899
91$186,885,224$56,699,552$39,476,714$159,021,975
92$205,898,827$59,429,139$40,750,493$174,300,691
93$226,850,283$62,290,943$42,065,411$191,100,492
94$249,937,206$65,291,393$43,422,796$209,574,980
95$275,377,362$68,437,233$44,824,021$229,893,358
96$303,410,732$71,735,536$46,270,504$252,242,019
97$334,301,769$75,193,719$47,763,708$276,826,295
98$368,341,900$78,819,563$49,305,144$303,872,386
99$405,852,278$82,621,225$50,896,370$333,629,483
100$447,186,808$86,607,263$52,538,996$366,372,113