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%15.2%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,451,464
2 years$760,381$746,220$732,495$719,188$706,281$674,472
3 years$501,886$487,663$473,973$460,791$448,094$417,195
4 years$372,663$358,484$344,931$331,974$319,584$289,833
5 years$295,150$281,056$267,681$254,988$242,943$214,424
6 years$243,491$229,503$216,326$203,916$192,232$164,976
7 years$206,606$192,736$179,768$167,650$156,336$130,347
8 years$178,956$165,211$152,457$140,638$129,696$104,966
9 years$157,461$143,846$131,311$119,792$109,223$85,734
10 years$140,275$126,793$114,480$103,262$93,063$70,792
11 years$126,223$112,876$100,787$89,869$80,038$58,956
12 years$114,521$101,312$89,446$78,827$69,359$49,434
13 years$104,628$91,556$79,914$69,593$60,482$41,679
14 years$96,155$83,222$71,803$61,776$53,018$35,300
15 years$88,818$76,025$64,828$55,094$46,682$30,009
16 years$82,405$69,751$58,776$49,330$41,257$25,590
17 years$76,752$64,238$53,484$44,323$36,582$21,879
18 years$71,733$59,359$48,824$39,944$32,527$18,747
19 years$67,248$55,013$44,696$36,093$28,992$16,093
20 years$63,216$51,121$41,020$32,689$25,896$13,836
21 years$59,572$47,617$37,730$29,667$23,174$11,912
22 years$56,265$44,449$34,774$26,974$20,772$10,267
23 years$53,249$41,572$32,108$24,566$18,646$8,858
24 years$50,489$38,951$29,694$22,406$16,760$7,649
25 years$47,954$36,553$27,503$20,462$15,081$6,609
26 years$45,617$34,354$25,508$18,710$13,585$5,715
27 years$43,457$32,331$23,686$17,125$12,248$4,944
28 years$41,455$30,466$22,019$15,690$11,051$4,279
29 years$39,595$28,741$20,491$14,388$9,979$3,705
30 years$37,862$27,143$19,086$13,205$9,017$3,209
31 years$36,243$25,659$17,794$12,128$8,152$2,780
32 years$34,729$24,278$16,602$11,146$7,374$2,409
33 years$33,310$22,992$15,501$10,249$6,673$2,088
34 years$31,977$21,791$14,483$9,430$6,042$1,811
35 years$30,723$20,669$13,541$8,681$5,473$1,570
36 years$29,541$19,618$12,667$7,995$4,958$1,362
37 years$28,426$18,632$11,856$7,366$4,494$1,181
38 years$27,372$17,707$11,103$6,790$4,074$1,024
39 years$26,374$16,838$10,402$6,261$3,695$889
40 years$25,429$16,020$9,750$5,774$3,351$771
41 years$24,532$15,249$9,142$5,328$3,040$669
42 years$23,681$14,523$8,576$4,917$2,759$580
43 years$22,871$13,837$8,047$4,539$2,504$504
44 years$22,099$13,190$7,554$4,191$2,273$437
45 years$21,365$12,578$7,093$3,870$2,063$379
46 years$20,664$11,999$6,662$3,575$1,873$329
47 years$19,995$11,450$6,259$3,303$1,701$286
48 years$19,356$10,931$5,881$3,052$1,545$248
49 years$18,745$10,439$5,528$2,821$1,403$215
50 years$18,160$9,971$5,197$2,607$1,274$187

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 $4,226 every year, while hoping to spend $57,932 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: 47/36/17 Blend
67$18,600,000$18,600,000$18,600,000$18,600,000
68$20,501,559$19,515,759$19,227,459$21,366,367
69$22,531,079$20,410,392$19,809,940$22,862,428
70$24,765,668$21,346,920$20,409,992$24,479,046
71$27,226,183$22,327,336$21,028,143$26,232,438
72$29,935,604$23,353,726$21,664,936$28,135,390
73$32,919,255$24,428,278$22,320,931$30,201,943
74$36,205,040$25,553,285$22,996,704$32,447,517
75$39,823,709$26,731,150$23,692,848$34,889,050
76$43,809,142$27,964,392$24,409,973$37,545,149
77$48,198,678$29,255,650$25,148,710$40,436,260
78$53,033,457$30,607,691$25,909,707$43,584,851
79$58,358,818$32,023,416$26,693,630$47,015,617
80$64,224,717$33,505,864$27,501,166$50,755,701
81$70,686,208$35,058,220$28,333,024$54,834,945
82$77,803,953$36,683,825$29,189,933$59,286,159
83$85,644,802$38,386,178$30,072,642$64,145,420
84$94,282,421$40,168,950$30,981,924$69,452,404
85$103,797,985$42,035,986$31,918,576$75,250,748
86$114,280,947$43,991,317$32,883,416$81,588,450
87$125,829,882$46,039,170$33,877,289$88,518,309
88$138,553,415$48,183,974$34,901,063$96,098,414
89$152,571,248$50,430,374$35,955,633$104,392,673
90$168,015,290$52,783,236$37,041,922$113,471,408
91$185,030,900$55,247,666$38,160,876$123,412,000
92$203,778,261$57,829,010$39,313,475$134,299,607
93$224,433,890$60,532,878$40,500,723$146,227,948
94$247,192,307$63,365,149$41,723,657$159,300,176
95$272,267,865$66,331,985$42,983,343$173,629,827
96$299,896,782$69,439,847$44,280,879$189,341,882
97$330,339,363$72,695,508$45,617,398$206,573,920
98$363,882,460$76,106,070$46,994,062$225,477,399
99$400,842,180$79,678,976$48,412,072$246,219,066
100$441,566,868$83,422,032$49,872,663$268,982,508