Can I retire at age 68 with 18,700,000?

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 $18,700,000?

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$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,449,826
2 years$764,470$750,232$736,434$723,055$710,078$668,739
3 years$504,584$490,285$476,521$463,268$450,503$410,457
4 years$374,667$360,411$346,785$333,759$321,302$282,858
5 years$296,736$282,567$269,120$256,359$244,249$207,511
6 years$244,800$230,737$217,489$205,012$193,266$158,269
7 years$207,717$193,773$180,734$168,552$157,177$123,922
8 years$179,918$166,099$153,277$141,394$130,393$98,863
9 years$158,307$144,619$132,017$120,436$109,810$79,974
10 years$141,029$127,475$115,096$103,817$93,564$65,383
11 years$126,902$113,483$101,328$90,352$80,468$53,898
12 years$115,137$101,856$89,926$79,251$69,732$44,722
13 years$105,190$92,048$80,343$69,967$60,807$37,304
14 years$96,672$83,669$72,189$62,109$53,303$31,250
15 years$89,296$76,434$65,177$55,390$46,933$26,270
16 years$82,848$70,126$59,092$49,596$41,479$22,148
17 years$77,165$64,584$53,772$44,561$36,778$18,718
18 years$72,119$59,678$49,087$40,159$32,702$15,850
19 years$67,609$55,309$44,936$36,287$29,148$13,445
20 years$63,555$51,396$41,240$32,865$26,035$11,420
21 years$59,893$47,873$37,933$29,827$23,299$9,712
22 years$56,567$44,688$34,961$27,119$20,884$8,268
23 years$53,535$41,796$32,281$24,698$18,747$7,044
24 years$50,760$39,160$29,854$22,526$16,850$6,006
25 years$48,211$36,750$27,651$20,572$15,162$5,124
26 years$45,862$34,539$25,645$18,810$13,658$4,374
27 years$43,691$32,505$23,813$17,217$12,314$3,735
28 years$41,678$30,629$22,138$15,775$11,111$3,191
29 years$39,808$28,895$20,601$14,466$10,033$2,727
30 years$38,065$27,288$19,189$13,276$9,065$2,331
31 years$36,438$25,797$17,889$12,193$8,196$1,993
32 years$34,916$24,409$16,691$11,206$7,414$1,704
33 years$33,489$23,116$15,585$10,305$6,709$1,457
34 years$32,149$21,908$14,561$9,481$6,075$1,247
35 years$30,888$20,780$13,614$8,728$5,502$1,067
36 years$29,700$19,723$12,735$8,038$4,985$913
37 years$28,579$18,732$11,920$7,406$4,518$781
38 years$27,519$17,802$11,163$6,826$4,096$668
39 years$26,516$16,928$10,458$6,294$3,714$572
40 years$25,566$16,106$9,802$5,806$3,369$490
41 years$24,664$15,331$9,192$5,356$3,057$419
42 years$23,808$14,601$8,622$4,943$2,774$359
43 years$22,993$13,912$8,091$4,563$2,517$307
44 years$22,218$13,261$7,594$4,213$2,285$263
45 years$21,480$12,645$7,131$3,891$2,074$225
46 years$20,775$12,063$6,698$3,594$1,883$193
47 years$20,103$11,512$6,292$3,321$1,710$165
48 years$19,460$10,990$5,913$3,068$1,553$141
49 years$18,846$10,495$5,558$2,836$1,410$121
50 years$18,258$10,025$5,225$2,621$1,281$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $18,700,000, adding $5,141 every year, while hoping to spend $58,171 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: 76/14/10 Blend
67$18,700,000$18,700,000$18,700,000$18,700,000
68$20,612,703$19,621,603$19,331,753$22,142,651
69$22,653,305$20,521,168$19,917,473$24,050,236
70$24,900,099$21,462,862$20,520,865$26,132,799
71$27,374,055$22,448,688$21,142,460$28,413,984
72$30,098,280$23,480,745$21,782,804$30,913,506
73$33,098,236$24,561,233$22,442,460$33,653,073
74$36,401,981$25,692,458$23,122,006$36,656,582
75$40,040,431$26,876,837$23,822,041$39,950,342
76$44,047,654$28,116,901$24,543,179$43,563,323
77$48,461,192$29,415,306$25,286,053$47,527,422
78$53,322,412$30,774,835$26,051,314$51,877,760
79$58,676,899$32,198,402$26,839,634$56,653,014
80$64,574,885$33,689,067$27,651,704$61,895,775
81$71,071,723$35,250,031$28,488,236$67,652,947
82$78,228,410$36,884,654$29,349,964$73,976,184
83$86,112,162$38,596,456$30,237,641$80,922,376
84$94,797,046$40,389,126$31,152,046$88,554,180
85$104,364,684$42,266,532$32,093,979$96,940,605
86$114,905,019$44,232,730$33,064,264$106,157,662
87$126,517,165$46,291,967$34,063,751$116,289,073
88$139,310,343$48,448,700$35,093,313$127,427,057
89$153,404,910$50,707,599$36,153,852$139,673,195
90$168,933,498$53,073,558$37,246,292$153,139,385
91$186,042,262$55,551,710$38,371,591$167,948,886
92$204,892,262$58,147,433$39,530,729$184,237,482
93$225,660,985$60,866,369$40,724,720$202,154,753
94$248,544,012$63,714,428$41,954,605$221,865,481
95$273,756,875$66,697,809$43,221,458$243,551,198
96$301,537,084$69,823,009$44,526,384$267,411,892
97$332,146,369$73,096,839$45,870,521$293,667,887
98$365,873,156$76,526,441$47,255,040$322,561,914
99$403,035,282$80,119,301$48,681,148$354,361,394
100$443,983,001$83,883,268$50,150,088$389,360,953