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%16.9%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,425,991
2 years$752,205$738,196$724,619$711,455$698,687$657,442
3 years$496,489$482,419$468,877$455,836$443,275$403,328
4 years$368,656$354,629$341,222$328,404$316,148$277,805
5 years$291,976$278,034$264,802$252,246$240,331$203,697
6 years$240,873$227,035$214,000$201,723$190,165$155,275
7 years$204,385$190,664$177,835$165,848$154,655$121,509
8 years$177,031$163,434$150,818$139,126$128,302$96,881
9 years$155,768$142,299$129,899$118,504$108,048$78,323
10 years$138,767$125,430$113,249$102,152$92,063$63,993
11 years$124,866$111,663$99,703$88,903$79,177$52,718
12 years$113,290$100,222$88,484$77,980$68,613$43,714
13 years$103,503$90,572$79,054$68,844$59,832$36,439
14 years$95,121$82,327$71,031$61,112$52,448$30,504
15 years$87,863$75,207$64,131$54,501$46,180$25,625
16 years$81,519$69,001$58,144$48,800$40,814$21,589
17 years$75,927$63,548$52,909$43,846$36,188$18,232
18 years$70,962$58,721$48,299$39,514$32,177$15,427
19 years$66,524$54,422$44,216$35,705$28,680$13,076
20 years$62,536$50,571$40,579$32,337$25,617$11,099
21 years$58,932$47,105$37,325$29,348$22,925$9,431
22 years$55,660$43,971$34,400$26,684$20,549$8,022
23 years$52,677$41,125$31,763$24,302$18,446$6,830
24 years$49,946$38,532$29,375$22,165$16,580$5,819
25 years$47,438$36,160$27,207$20,242$14,919$4,960
26 years$45,127$33,985$25,233$18,508$13,439$4,230
27 years$42,990$31,984$23,431$16,941$12,116$3,610
28 years$41,010$30,138$21,783$15,522$10,932$3,081
29 years$39,169$28,432$20,270$14,234$9,872$2,631
30 years$37,454$26,851$18,881$13,063$8,920$2,247
31 years$35,854$25,383$17,602$11,997$8,064$1,920
32 years$34,356$24,017$16,423$11,026$7,295$1,640
33 years$32,952$22,745$15,335$10,139$6,602$1,402
34 years$31,633$21,557$14,328$9,329$5,977$1,198
35 years$30,392$20,446$13,395$8,588$5,414$1,024
36 years$29,223$19,407$12,531$7,909$4,905$875
37 years$28,120$18,432$11,729$7,287$4,446$749
38 years$27,078$17,517$10,984$6,717$4,030$640
39 years$26,091$16,657$10,290$6,193$3,655$547
40 years$25,156$15,848$9,645$5,712$3,315$468
41 years$24,269$15,085$9,044$5,270$3,008$400
42 years$23,426$14,367$8,484$4,864$2,729$342
43 years$22,625$13,689$7,961$4,490$2,477$293
44 years$21,862$13,048$7,473$4,146$2,248$250
45 years$21,135$12,443$7,017$3,829$2,041$214
46 years$20,442$11,870$6,590$3,537$1,853$183
47 years$19,780$11,327$6,191$3,267$1,683$157
48 years$19,148$10,813$5,818$3,019$1,528$134
49 years$18,543$10,326$5,469$2,790$1,388$115
50 years$17,965$9,864$5,141$2,579$1,261$98

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 $6,124 every year, while hoping to spend $31,877 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: 58/16/26 Blend
67$18,400,000$18,400,000$18,400,000$18,400,000
68$20,283,117$19,307,917$19,022,717$21,315,914
69$22,318,078$20,220,088$19,626,061$22,934,849
70$24,559,537$21,175,887$20,248,549$24,695,271
71$27,028,522$22,177,418$20,890,788$26,614,104
72$29,748,207$23,226,888$21,553,405$28,706,699
73$32,744,128$24,326,608$22,237,048$30,989,939
74$36,044,423$25,479,006$22,942,383$33,482,396
75$39,680,100$26,686,624$23,670,099$36,204,501
76$43,685,330$27,952,128$24,420,907$39,178,733
77$48,097,765$29,278,314$25,195,539$42,429,824
78$52,958,900$30,668,114$25,994,752$45,984,991
79$58,314,458$32,124,602$26,819,327$49,874,185
80$64,214,827$33,651,001$27,670,068$54,130,368
81$70,715,530$35,250,691$28,547,806$58,789,821
82$77,877,755$36,927,216$29,453,398$63,892,475
83$85,768,927$38,684,291$30,387,729$69,482,289
84$94,463,350$40,525,814$31,351,710$75,607,654
85$104,042,903$42,455,870$32,346,283$82,321,843
86$114,597,816$44,478,744$33,372,420$89,683,506
87$126,227,519$46,598,928$34,431,123$97,757,220
88$139,041,585$48,821,135$35,523,424$106,614,087
89$153,160,760$51,150,304$36,650,392$116,332,400
90$168,718,105$53,591,615$37,813,127$126,998,371
91$185,860,249$56,150,502$39,012,764$138,706,937
92$204,748,778$58,832,660$40,250,476$151,562,648
93$225,561,756$61,644,064$41,527,470$165,680,644
94$248,495,410$64,590,978$42,844,995$181,187,730
95$273,765,976$67,679,970$44,204,337$198,223,566
96$301,611,748$70,917,930$45,606,824$216,941,972
97$332,295,319$74,312,082$47,053,826$237,512,369
98$366,106,069$77,870,002$48,546,756$260,121,367
99$403,362,889$81,599,633$50,087,073$284,974,515
100$444,417,196$85,509,307$51,676,283$312,298,227