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

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,458,869
2 years$772,646$758,256$744,310$730,788$717,673$669,513
3 years$509,981$495,529$481,618$468,223$455,321$408,757
4 years$378,674$364,266$350,494$337,328$324,739$280,126
5 years$299,910$285,589$271,998$259,101$246,861$204,320
6 years$247,418$233,205$219,815$207,205$195,333$154,899
7 years$209,939$195,845$182,667$170,354$158,858$120,527
8 years$181,842$167,875$154,916$142,906$131,788$95,534
9 years$160,000$146,166$133,429$121,724$110,985$76,766
10 years$142,537$128,838$116,327$104,928$94,564$62,329
11 years$128,259$114,697$102,412$91,318$81,329$51,017
12 years$116,368$102,946$90,888$80,099$70,478$42,025
13 years$106,315$93,033$81,203$70,715$61,458$34,795
14 years$97,706$84,564$72,961$62,773$53,874$28,927
15 years$90,251$77,251$65,874$55,982$47,435$24,129
16 years$83,734$70,876$59,724$50,126$41,923$20,183
17 years$77,990$65,274$54,347$45,038$37,172$16,920
18 years$72,890$60,317$49,612$40,588$33,051$14,211
19 years$68,332$55,901$45,417$36,675$29,459$11,955
20 years$64,235$51,946$41,681$33,216$26,314$10,070
21 years$60,533$48,385$38,339$30,146$23,548$8,491
22 years$57,172$45,166$35,335$27,409$21,107$7,167
23 years$54,108$42,243$32,626$24,962$18,947$6,053
24 years$51,303$39,579$30,173$22,767$17,030$5,116
25 years$48,727$37,143$27,947$20,792$15,324$4,327
26 years$46,353$34,908$25,919$19,011$13,804$3,661
27 years$44,158$32,853$24,068$17,402$12,445$3,098
28 years$42,124$30,957$22,374$15,944$11,230$2,623
29 years$40,233$29,204$20,821$14,621$10,140$2,222
30 years$38,472$27,580$19,394$13,418$9,162$1,882
31 years$36,828$26,073$18,081$12,323$8,283$1,594
32 years$35,289$24,670$16,870$11,326$7,493$1,351
33 years$33,847$23,363$15,751$10,415$6,781$1,145
34 years$32,493$22,143$14,717$9,582$6,140$971
35 years$31,218$21,002$13,759$8,821$5,561$823
36 years$30,018$19,934$12,872$8,124$5,038$697
37 years$28,884$18,933$12,048$7,485$4,566$591
38 years$27,813$17,993$11,282$6,899$4,140$501
39 years$26,800$17,109$10,570$6,362$3,754$425
40 years$25,839$16,278$9,907$5,868$3,405$361
41 years$24,928$15,495$9,290$5,414$3,089$306
42 years$24,062$14,757$8,714$4,996$2,803$259
43 years$23,239$14,061$8,177$4,612$2,544$220
44 years$22,456$13,403$7,676$4,258$2,309$186
45 years$21,709$12,781$7,207$3,933$2,096$158
46 years$20,997$12,192$6,769$3,633$1,903$134
47 years$20,318$11,635$6,360$3,356$1,728$114
48 years$19,668$11,107$5,976$3,101$1,570$96
49 years$19,047$10,607$5,617$2,866$1,426$82
50 years$18,453$10,132$5,281$2,649$1,295$69

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 $5,762 every year, while hoping to spend $35,244 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: 38/50/12 Blend
67$18,900,000$18,900,000$18,900,000$18,900,000
68$20,833,744$19,832,044$19,539,094$21,549,084
69$22,921,286$20,766,314$20,156,154$22,992,739
70$25,220,577$21,745,183$20,792,704$24,548,031
71$27,753,176$22,770,798$21,449,361$26,228,038
72$30,542,845$23,845,411$22,126,759$28,043,969
73$33,615,762$24,971,384$22,825,553$30,008,109
74$37,000,781$26,151,193$23,546,419$32,133,921
75$40,729,692$27,387,432$24,290,056$34,436,165
76$44,837,528$28,682,825$25,057,181$36,931,031
77$49,362,897$30,040,224$25,848,537$39,636,273
78$54,348,339$31,462,622$26,664,890$42,571,371
79$59,840,735$32,953,155$27,507,029$45,757,698
80$65,891,745$34,515,114$28,375,769$49,218,716
81$72,558,296$36,151,948$29,271,950$52,980,176
82$79,903,121$37,867,273$30,196,440$57,070,354
83$87,995,351$39,664,881$31,150,132$61,520,297
84$96,911,165$41,548,748$32,133,949$66,364,107
85$106,734,510$43,523,043$33,148,844$71,639,243
86$117,557,897$45,592,139$34,195,797$77,386,859
87$129,483,268$47,760,620$35,275,821$83,652,175
88$142,622,963$50,033,291$36,389,963$90,484,884
89$157,100,777$52,415,194$37,539,298$97,939,606
90$173,053,132$54,911,614$38,724,940$106,076,377
91$190,630,361$57,528,093$39,948,035$114,961,201
92$209,998,130$60,270,442$41,209,767$124,666,648
93$231,339,002$63,144,756$42,511,357$135,272,514
94$254,854,155$66,157,425$43,854,063$146,866,555
95$280,765,290$69,315,149$45,239,185$159,545,283
96$309,316,715$72,624,957$46,668,062$173,414,859
97$340,777,656$76,094,216$48,142,079$188,592,060
98$375,444,798$79,730,653$49,662,659$205,205,356
99$413,645,085$83,542,373$51,231,276$223,396,090
100$455,738,806$87,537,872$52,849,446$243,319,783