Can I retire at age 68 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,442,073
2 years$760,381$746,220$732,495$719,188$706,281$665,163
3 years$501,886$487,663$473,973$460,791$448,094$408,262
4 years$372,663$358,484$344,931$331,974$319,584$281,345
5 years$295,150$281,056$267,681$254,988$242,943$206,401
6 years$243,491$229,503$216,326$203,916$192,232$157,423
7 years$206,606$192,736$179,768$167,650$156,336$123,259
8 years$178,956$165,211$152,457$140,638$129,696$98,334
9 years$157,461$143,846$131,311$119,792$109,223$79,546
10 years$140,275$126,793$114,480$103,262$93,063$65,033
11 years$126,223$112,876$100,787$89,869$80,038$53,609
12 years$114,521$101,312$89,446$78,827$69,359$44,483
13 years$104,628$91,556$79,914$69,593$60,482$37,105
14 years$96,155$83,222$71,803$61,776$53,018$31,083
15 years$88,818$76,025$64,828$55,094$46,682$26,130
16 years$82,405$69,751$58,776$49,330$41,257$22,030
17 years$76,752$64,238$53,484$44,323$36,582$18,618
18 years$71,733$59,359$48,824$39,944$32,527$15,765
19 years$67,248$55,013$44,696$36,093$28,992$13,373
20 years$63,216$51,121$41,020$32,689$25,896$11,359
21 years$59,572$47,617$37,730$29,667$23,174$9,660
22 years$56,265$44,449$34,774$26,974$20,772$8,223
23 years$53,249$41,572$32,108$24,566$18,646$7,006
24 years$50,489$38,951$29,694$22,406$16,760$5,974
25 years$47,954$36,553$27,503$20,462$15,081$5,096
26 years$45,617$34,354$25,508$18,710$13,585$4,350
27 years$43,457$32,331$23,686$17,125$12,248$3,715
28 years$41,455$30,466$22,019$15,690$11,051$3,174
29 years$39,595$28,741$20,491$14,388$9,979$2,712
30 years$37,862$27,143$19,086$13,205$9,017$2,318
31 years$36,243$25,659$17,794$12,128$8,152$1,982
32 years$34,729$24,278$16,602$11,146$7,374$1,695
33 years$33,310$22,992$15,501$10,249$6,673$1,450
34 years$31,977$21,791$14,483$9,430$6,042$1,240
35 years$30,723$20,669$13,541$8,681$5,473$1,061
36 years$29,541$19,618$12,667$7,995$4,958$908
37 years$28,426$18,632$11,856$7,366$4,494$777
38 years$27,372$17,707$11,103$6,790$4,074$665
39 years$26,374$16,838$10,402$6,261$3,695$569
40 years$25,429$16,020$9,750$5,774$3,351$487
41 years$24,532$15,249$9,142$5,328$3,040$417
42 years$23,681$14,523$8,576$4,917$2,759$357
43 years$22,871$13,837$8,047$4,539$2,504$305
44 years$22,099$13,190$7,554$4,191$2,273$261
45 years$21,365$12,578$7,093$3,870$2,063$224
46 years$20,664$11,999$6,662$3,575$1,873$192
47 years$19,995$11,450$6,259$3,303$1,701$164
48 years$19,356$10,931$5,881$3,052$1,545$140
49 years$18,745$10,439$5,528$2,821$1,403$120
50 years$18,160$9,971$5,197$2,607$1,274$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $18,600,000, adding $3,509 every year, while hoping to spend $24,965 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: 61/15/24 Blend
67$18,600,000$18,600,000$18,600,000$18,600,000
68$20,500,820$19,515,020$19,226,720$21,620,464
69$22,565,341$20,444,693$19,844,252$23,310,075
70$24,839,606$21,419,084$20,481,635$25,150,364
71$27,344,983$22,440,356$21,139,508$27,158,472
72$30,105,019$23,510,781$21,818,529$29,350,748
73$33,145,660$24,632,738$22,519,378$31,745,177
74$36,495,499$25,808,725$23,242,759$34,361,549
75$40,186,045$27,041,357$23,989,396$37,221,634
76$44,252,019$28,333,380$24,760,038$40,349,390
77$48,731,682$29,687,673$25,555,457$43,771,184
78$53,667,198$31,107,254$26,376,450$47,516,030
79$59,105,031$32,595,288$27,223,839$51,615,865
80$65,096,382$34,155,095$28,098,476$56,105,840
81$71,697,674$35,790,156$29,001,236$61,024,649
82$78,971,084$37,504,121$29,933,024$66,414,888
83$86,985,129$39,300,817$30,894,775$72,323,450
84$95,815,316$41,184,260$31,887,453$78,801,961
85$105,544,849$43,158,660$32,912,054$85,907,265
86$116,265,420$45,228,431$33,969,604$93,701,947
87$128,078,071$47,398,203$35,061,165$102,254,922
88$141,094,151$49,672,831$36,187,830$111,642,076
89$155,436,363$52,057,408$37,350,731$121,946,973
90$171,239,924$54,557,273$38,551,033$133,261,641
91$188,653,844$57,178,027$39,789,940$145,687,425
92$207,842,328$59,925,543$41,068,695$159,335,940
93$228,986,330$62,805,979$42,388,581$174,330,115
94$252,285,259$65,825,795$43,750,921$190,805,340
95$277,958,862$68,991,766$45,157,084$208,910,741
96$306,249,298$72,310,994$46,608,478$228,810,568
97$337,423,426$75,790,932$48,106,562$250,685,743
98$371,775,321$79,439,393$49,652,837$274,735,552
99$409,629,052$83,264,572$51,248,855$301,179,515
100$451,341,742$87,275,063$52,896,219$330,259,447