Can I retire at age 68 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,464,691
2 years$756,293$742,208$728,557$715,322$702,484$691,871
3 years$499,187$485,041$471,425$458,314$445,685$435,313
4 years$370,659$356,557$343,077$330,189$317,866$307,814
5 years$293,563$279,545$266,242$253,617$241,637$231,935
6 years$242,182$228,269$215,163$202,820$191,199$181,860
7 years$205,496$191,700$178,801$166,749$155,496$146,524
8 years$177,994$164,322$151,638$139,882$128,999$120,394
9 years$156,614$143,072$130,605$119,148$108,636$100,395
10 years$139,521$126,111$113,865$102,707$92,563$84,683
11 years$125,544$112,269$100,245$89,386$79,607$72,082
12 years$113,906$100,767$88,965$78,403$68,986$61,809
13 years$104,065$91,064$79,484$69,218$60,157$53,320
14 years$95,638$82,775$71,417$61,444$52,733$46,228
15 years$88,341$75,616$64,480$54,798$46,431$40,249
16 years$81,962$69,376$58,460$49,065$41,036$35,168
17 years$76,340$63,893$53,197$44,085$36,385$30,822
18 years$71,347$59,040$48,562$39,729$32,352$27,083
19 years$66,886$54,718$44,456$35,899$28,836$23,851
20 years$62,876$50,846$40,799$32,513$25,757$21,046
21 years$59,252$47,361$37,528$29,508$23,049$18,603
22 years$55,962$44,210$34,587$26,829$20,660$16,467
23 years$52,963$41,349$31,935$24,434$18,546$14,595
24 years$50,218$38,741$29,535$22,285$16,670$12,951
25 years$47,696$36,357$27,355$20,352$15,000$11,503
26 years$45,372$34,169$25,371$18,609$13,512$10,226
27 years$43,224$32,157$23,559$17,033$12,182$9,098
28 years$41,232$30,302$21,901$15,606$10,992$8,100
29 years$39,382$28,586$20,381$14,311$9,925$7,216
30 years$37,658$26,997$18,984$13,134$8,968$6,432
31 years$36,048$25,521$17,698$12,063$8,108$5,736
32 years$34,543$24,148$16,513$11,086$7,334$5,117
33 years$33,131$22,868$15,418$10,194$6,638$4,567
34 years$31,805$21,674$14,406$9,380$6,010$4,077
35 years$30,558$20,557$13,468$8,635$5,443$3,641
36 years$29,382$19,512$12,599$7,952$4,932$3,252
37 years$28,273$18,532$11,793$7,327$4,470$2,906
38 years$27,225$17,612$11,043$6,753$4,052$2,597
39 years$26,233$16,747$10,346$6,227$3,675$2,321
40 years$25,292$15,934$9,698$5,743$3,333$2,075
41 years$24,400$15,167$9,093$5,299$3,024$1,855
42 years$23,553$14,445$8,530$4,890$2,744$1,659
43 years$22,748$13,763$8,004$4,514$2,490$1,484
44 years$21,981$13,119$7,513$4,168$2,260$1,327
45 years$21,250$12,510$7,055$3,850$2,052$1,187
46 years$20,553$11,934$6,626$3,556$1,863$1,062
47 years$19,888$11,389$6,225$3,285$1,692$950
48 years$19,252$10,872$5,850$3,036$1,536$850
49 years$18,644$10,382$5,498$2,805$1,395$761
50 years$18,062$9,918$5,169$2,593$1,267$681

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $18,500,000, adding $3,441 every year, while hoping to spend $28,408 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: 41/32/27 Blend
67$18,500,000$18,500,000$18,500,000$18,500,000
68$20,390,549$19,410,049$19,123,299$21,064,448
69$22,440,160$20,330,916$19,733,704$22,472,198
70$24,697,878$21,295,953$20,363,605$23,992,058
71$27,184,901$22,307,294$21,013,626$25,636,682
72$29,924,588$23,367,179$21,684,409$27,417,555
73$32,942,678$24,477,952$22,376,619$29,347,280
74$36,267,535$25,642,076$23,090,939$31,439,690
75$39,930,416$26,862,130$23,828,078$33,709,969
76$43,965,764$28,140,820$24,588,764$36,174,792
77$48,411,534$29,480,982$25,373,750$38,852,471
78$53,309,552$30,885,592$26,183,813$41,763,119
79$58,705,910$32,357,770$27,019,754$44,928,831
80$64,651,398$33,900,786$27,882,401$48,373,884
81$71,201,987$35,518,070$28,772,607$52,124,958
82$78,419,354$37,213,220$29,691,254$56,211,372
83$86,371,468$38,990,008$30,639,251$60,665,357
84$95,133,227$40,852,388$31,617,535$65,522,342
85$104,787,170$42,804,508$32,627,077$70,821,283
86$115,424,251$44,850,719$33,668,873$76,605,013
87$127,144,701$46,995,581$34,743,957$82,920,638
88$140,058,974$49,243,877$35,853,393$89,819,966
89$154,288,786$51,600,624$36,998,278$97,359,981
90$169,968,268$54,071,080$38,179,746$105,603,368
91$187,245,231$56,660,763$39,398,968$114,619,090
92$206,282,561$59,375,457$40,657,149$124,483,019
93$227,259,755$62,221,227$41,955,537$135,278,641
94$250,374,619$65,204,436$43,295,416$147,097,822
95$275,845,131$68,331,755$44,678,114$160,041,660
96$303,911,504$71,610,180$46,105,000$174,221,418
97$334,838,446$75,047,048$47,577,487$189,759,553
98$368,917,668$78,650,054$49,097,033$206,790,857
99$406,470,630$82,427,266$50,665,143$225,463,700
100$447,851,580$86,387,148$52,283,371$245,941,413