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

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,441,491
2 years$760,381$746,220$732,495$719,188$706,281$664,588
3 years$501,886$487,663$473,973$460,791$448,094$407,712
4 years$372,663$358,484$344,931$331,974$319,584$280,824
5 years$295,150$281,056$267,681$254,988$242,943$205,911
6 years$243,491$229,503$216,326$203,916$192,232$156,963
7 years$206,606$192,736$179,768$167,650$156,336$122,830
8 years$178,956$165,211$152,457$140,638$129,696$97,934
9 years$157,461$143,846$131,311$119,792$109,223$79,174
10 years$140,275$126,793$114,480$103,262$93,063$64,689
11 years$126,223$112,876$100,787$89,869$80,038$53,291
12 years$114,521$101,312$89,446$78,827$69,359$44,189
13 years$104,628$91,556$79,914$69,593$60,482$36,835
14 years$96,155$83,222$71,803$61,776$53,018$30,836
15 years$88,818$76,025$64,828$55,094$46,682$25,904
16 years$82,405$69,751$58,776$49,330$41,257$21,824
17 years$76,752$64,238$53,484$44,323$36,582$18,430
18 years$71,733$59,359$48,824$39,944$32,527$15,595
19 years$67,248$55,013$44,696$36,093$28,992$13,218
20 years$63,216$51,121$41,020$32,689$25,896$11,219
21 years$59,572$47,617$37,730$29,667$23,174$9,534
22 years$56,265$44,449$34,774$26,974$20,772$8,110
23 years$53,249$41,572$32,108$24,566$18,646$6,904
24 years$50,489$38,951$29,694$22,406$16,760$5,882
25 years$47,954$36,553$27,503$20,462$15,081$5,014
26 years$45,617$34,354$25,508$18,710$13,585$4,276
27 years$43,457$32,331$23,686$17,125$12,248$3,649
28 years$41,455$30,466$22,019$15,690$11,051$3,115
29 years$39,595$28,741$20,491$14,388$9,979$2,659
30 years$37,862$27,143$19,086$13,205$9,017$2,271
31 years$36,243$25,659$17,794$12,128$8,152$1,940
32 years$34,729$24,278$16,602$11,146$7,374$1,658
33 years$33,310$22,992$15,501$10,249$6,673$1,417
34 years$31,977$21,791$14,483$9,430$6,042$1,211
35 years$30,723$20,669$13,541$8,681$5,473$1,035
36 years$29,541$19,618$12,667$7,995$4,958$885
37 years$28,426$18,632$11,856$7,366$4,494$757
38 years$27,372$17,707$11,103$6,790$4,074$647
39 years$26,374$16,838$10,402$6,261$3,695$553
40 years$25,429$16,020$9,750$5,774$3,351$473
41 years$24,532$15,249$9,142$5,328$3,040$405
42 years$23,681$14,523$8,576$4,917$2,759$346
43 years$22,871$13,837$8,047$4,539$2,504$296
44 years$22,099$13,190$7,554$4,191$2,273$253
45 years$21,365$12,578$7,093$3,870$2,063$216
46 years$20,664$11,999$6,662$3,575$1,873$185
47 years$19,995$11,450$6,259$3,303$1,701$158
48 years$19,356$10,931$5,881$3,052$1,545$135
49 years$18,745$10,439$5,528$2,821$1,403$116
50 years$18,160$9,971$5,197$2,607$1,274$99

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 $2,242 every year, while hoping to spend $34,092 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: 56/26/18 Blend
67$18,600,000$18,600,000$18,600,000$18,600,000
68$20,499,513$19,513,713$19,225,413$21,549,157
69$22,554,189$20,433,611$19,833,190$23,184,026
70$24,817,300$21,397,442$20,460,186$24,960,239
71$27,310,070$22,407,321$21,107,007$26,894,429
72$30,055,887$23,465,470$21,774,281$29,001,752
73$33,080,523$24,574,213$22,462,655$31,298,867
74$36,412,378$25,735,991$23,172,796$33,804,091
75$40,082,748$26,953,362$23,905,392$36,537,561
76$44,126,119$28,229,008$24,661,154$39,521,425
77$48,580,495$29,565,741$25,440,814$42,780,038
78$53,487,753$30,966,510$26,245,129$46,340,188
79$58,894,040$32,434,405$27,074,877$50,231,343
80$64,850,211$33,972,670$27,930,864$54,485,919
81$71,412,304$35,584,702$28,813,920$59,139,580
82$78,642,072$37,274,066$29,724,900$64,231,567
83$86,607,567$39,044,499$30,664,687$69,805,060
84$95,383,779$40,899,919$31,634,194$75,907,574
85$105,053,344$42,844,435$32,634,360$82,591,403
86$115,707,329$44,882,356$33,666,154$89,914,099
87$127,446,084$47,018,199$34,730,578$97,939,012
88$140,380,196$49,256,702$35,828,663$106,735,868
89$154,631,527$51,602,831$36,961,475$116,381,426
90$170,334,369$54,061,796$38,130,110$126,960,184
91$187,636,709$56,639,059$39,335,704$138,565,170
92$206,701,627$59,340,347$40,579,424$151,298,803
93$227,708,836$62,171,667$41,862,477$165,273,849
94$250,856,374$65,139,315$43,186,107$180,614,471
95$276,362,480$68,249,898$44,551,598$197,457,390
96$304,467,650$71,510,340$45,960,273$215,953,156
97$335,436,908$74,927,903$47,413,499$236,267,554
98$369,562,306$78,510,205$48,912,686$258,583,158
99$407,165,687$82,265,230$50,459,286$283,101,029
100$448,601,715$86,201,355$52,054,800$310,042,602