Can I retire at age 68 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,483,978
2 years$772,646$758,256$744,310$730,788$717,673$694,421
3 years$509,981$495,529$481,618$468,223$455,321$432,676
4 years$378,674$364,266$350,494$337,328$324,739$302,874
5 years$299,910$285,589$271,998$259,101$246,861$225,841
6 years$247,418$233,205$219,815$207,205$195,333$175,181
7 years$209,939$195,845$182,667$170,354$158,858$139,581
8 years$181,842$167,875$154,916$142,906$131,788$113,383
9 years$160,000$146,166$133,429$121,724$110,985$93,442
10 years$142,537$128,838$116,327$104,928$94,564$77,870
11 years$128,259$114,697$102,412$91,318$81,329$65,466
12 years$116,368$102,946$90,888$80,099$70,478$55,428
13 years$106,315$93,033$81,203$70,715$61,458$47,198
14 years$97,706$84,564$72,961$62,773$53,874$40,382
15 years$90,251$77,251$65,874$55,982$47,435$34,686
16 years$83,734$70,876$59,724$50,126$41,923$29,892
17 years$77,990$65,274$54,347$45,038$37,172$25,833
18 years$72,890$60,317$49,612$40,588$33,051$22,377
19 years$68,332$55,901$45,417$36,675$29,459$19,423
20 years$64,235$51,946$41,681$33,216$26,314$16,889
21 years$60,533$48,385$38,339$30,146$23,548$14,707
22 years$57,172$45,166$35,335$27,409$21,107$12,823
23 years$54,108$42,243$32,626$24,962$18,947$11,193
24 years$51,303$39,579$30,173$22,767$17,030$9,779
25 years$48,727$37,143$27,947$20,792$15,324$8,551
26 years$46,353$34,908$25,919$19,011$13,804$7,483
27 years$44,158$32,853$24,068$17,402$12,445$6,552
28 years$42,124$30,957$22,374$15,944$11,230$5,740
29 years$40,233$29,204$20,821$14,621$10,140$5,032
30 years$38,472$27,580$19,394$13,418$9,162$4,412
31 years$36,828$26,073$18,081$12,323$8,283$3,870
32 years$35,289$24,670$16,870$11,326$7,493$3,396
33 years$33,847$23,363$15,751$10,415$6,781$2,981
34 years$32,493$22,143$14,717$9,582$6,140$2,617
35 years$31,218$21,002$13,759$8,821$5,561$2,298
36 years$30,018$19,934$12,872$8,124$5,038$2,019
37 years$28,884$18,933$12,048$7,485$4,566$1,773
38 years$27,813$17,993$11,282$6,899$4,140$1,558
39 years$26,800$17,109$10,570$6,362$3,754$1,369
40 years$25,839$16,278$9,907$5,868$3,405$1,203
41 years$24,928$15,495$9,290$5,414$3,089$1,057
42 years$24,062$14,757$8,714$4,996$2,803$929
43 years$23,239$14,061$8,177$4,612$2,544$817
44 years$22,456$13,403$7,676$4,258$2,309$718
45 years$21,709$12,781$7,207$3,933$2,096$631
46 years$20,997$12,192$6,769$3,633$1,903$555
47 years$20,318$11,635$6,360$3,356$1,728$488
48 years$19,668$11,107$5,976$3,101$1,570$429
49 years$19,047$10,607$5,617$2,866$1,426$377
50 years$18,453$10,132$5,281$2,649$1,295$332

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $18,900,000, adding $6,374 every year, while hoping to spend $38,030 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: 30/43/27 Blend
67$18,900,000$18,900,000$18,900,000$18,900,000
68$20,834,375$19,832,675$19,539,725$21,285,832
69$22,919,017$20,764,012$20,153,842$22,569,336
70$25,215,019$21,739,711$20,787,257$23,945,331
71$27,743,898$22,761,903$21,440,578$25,424,844
72$30,529,366$23,832,828$22,114,428$27,016,899
73$33,597,554$24,954,828$22,809,453$28,731,371
74$36,977,253$26,130,364$23,526,319$30,579,073
75$40,700,194$27,362,012$24,265,711$32,571,851
76$44,801,339$28,652,476$25,028,338$34,722,680
77$49,319,217$30,004,589$25,814,929$37,045,778
78$54,296,285$31,421,322$26,626,237$39,556,733
79$59,779,329$32,905,790$27,463,039$42,272,635
80$65,819,906$34,461,259$28,326,136$45,212,223
81$72,474,828$36,091,152$29,216,353$48,396,056
82$79,806,704$37,799,062$30,134,544$51,846,690
83$87,884,523$39,588,751$31,081,587$55,588,875
84$96,784,312$41,464,168$32,058,388$59,649,781
85$106,589,850$43,429,450$33,065,882$64,059,231
86$117,393,459$45,488,938$34,105,034$68,849,974
87$129,296,877$47,647,181$35,176,837$74,057,976
88$142,412,216$49,908,950$36,282,319$79,722,737
89$156,863,022$52,279,249$37,422,536$85,887,656
90$172,785,441$54,763,322$38,598,581$92,600,411
91$190,329,501$57,366,670$39,811,579$99,913,399
92$209,660,533$60,095,060$41,062,690$107,884,203
93$230,960,730$62,954,540$42,353,112$116,576,117
94$254,430,863$65,951,452$43,684,081$126,058,723
95$280,292,183$69,092,444$45,056,869$136,408,521
96$308,788,502$72,384,491$46,472,791$147,709,627
97$340,188,501$75,834,903$47,933,201$160,054,543
98$374,788,263$79,451,347$49,439,498$173,545,003
99$412,914,067$83,241,865$50,993,123$188,292,904
100$454,925,471$87,214,886$52,595,562$204,421,333