Can I retire at age 68 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,213,763
2 years$645,915$633,886$622,227$610,924$599,959$553,977
3 years$426,333$414,251$402,622$391,425$380,639$336,271
4 years$316,563$304,519$293,006$281,999$271,475$229,060
5 years$250,719$238,746$227,385$216,603$206,371$166,019
6 years$206,836$194,954$183,761$173,219$163,294$125,035
7 years$175,504$163,722$152,706$142,413$132,802$96,626
8 years$152,016$140,340$129,507$119,467$110,172$76,047
9 years$133,757$122,191$111,544$101,759$92,781$60,660
10 years$119,158$107,706$97,247$87,717$79,054$48,881
11 years$107,222$95,884$85,614$76,340$67,989$39,700
12 years$97,282$86,060$75,981$66,961$58,918$32,442
13 years$88,877$77,773$67,884$59,116$51,377$26,641
14 years$81,680$70,694$60,994$52,477$45,037$21,964
15 years$75,448$64,580$55,069$46,800$39,654$18,166
16 years$70,000$59,251$49,928$41,904$35,047$15,063
17 years$65,198$54,568$45,433$37,651$31,075$12,517
18 years$60,935$50,423$41,474$33,931$27,630$10,420
19 years$57,124$46,732$37,968$30,659$24,627$8,686
20 years$53,699$43,425$34,845$27,768$21,998$7,249
21 years$50,604$40,449$32,051$25,201$19,685$6,056
22 years$47,795$37,758$29,540$22,914$17,645$5,064
23 years$45,233$35,314$27,275$20,868$15,839$4,237
24 years$42,889$33,087$25,224$19,033$14,237$3,547
25 years$40,735$31,051$23,363$17,382$12,811$2,971
26 years$38,750$29,182$21,668$15,893$11,540$2,489
27 years$36,915$27,464$20,120$14,547$10,404$2,087
28 years$35,215$25,879$18,705$13,328$9,388$1,749
29 years$33,634$24,414$17,406$12,222$8,477$1,467
30 years$32,162$23,057$16,213$11,217$7,659$1,231
31 years$30,787$21,796$15,115$10,302$6,925$1,032
32 years$29,501$20,624$14,103$9,468$6,264$866
33 years$28,295$19,531$13,168$8,707$5,669$727
34 years$27,163$18,511$12,303$8,011$5,133$610
35 years$26,098$17,557$11,503$7,374$4,649$512
36 years$25,094$16,664$10,760$6,792$4,212$430
37 years$24,147$15,827$10,072$6,258$3,817$361
38 years$23,251$15,042$9,432$5,768$3,461$303
39 years$22,404$14,303$8,836$5,318$3,138$254
40 years$21,601$13,608$8,282$4,905$2,847$213
41 years$20,839$12,954$7,766$4,526$2,583$179
42 years$20,116$12,337$7,285$4,177$2,343$150
43 years$19,428$11,754$6,836$3,856$2,127$126
44 years$18,773$11,204$6,417$3,560$1,930$106
45 years$18,149$10,684$6,025$3,288$1,753$89
46 years$17,553$10,192$5,659$3,037$1,591$75
47 years$16,985$9,727$5,316$2,806$1,445$63
48 years$16,442$9,285$4,996$2,593$1,312$53
49 years$15,923$8,867$4,696$2,396$1,192$44
50 years$15,426$8,470$4,415$2,215$1,082$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $15,800,000, adding $3,430 every year, while hoping to spend $41,298 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: 24/48/28 Blend
67$15,800,000$15,800,000$15,800,000$15,800,000
68$17,415,138$16,577,738$16,332,838$17,679,372
69$19,147,541$17,346,106$16,836,047$18,672,790
70$21,055,266$18,150,741$17,354,730$19,732,670
71$23,156,150$18,993,374$17,889,361$20,867,388
72$25,469,852$19,875,824$18,440,429$22,083,200
73$28,018,033$20,799,995$19,008,439$23,386,939
74$30,824,561$21,767,884$19,593,910$24,786,075
75$33,915,738$22,781,582$20,197,379$26,288,771
76$37,320,549$23,843,285$20,819,396$27,903,959
77$41,070,930$24,955,291$21,460,531$29,641,408
78$45,202,076$26,120,012$22,121,370$31,511,809
79$49,752,770$27,339,974$22,802,518$33,526,867
80$54,765,746$28,617,827$23,504,597$35,699,400
81$60,288,100$29,956,348$24,228,248$38,043,446
82$66,371,725$31,358,449$24,974,133$40,574,388
83$73,073,809$32,827,180$25,742,934$43,309,085
84$80,457,368$34,365,743$26,535,354$46,266,019
85$88,591,847$35,977,491$27,352,115$49,465,454
86$97,553,768$37,665,942$28,193,964$52,929,617
87$107,427,461$39,434,781$29,061,671$56,682,889
88$118,305,852$41,287,875$29,956,026$60,752,022
89$130,291,343$43,229,275$30,877,847$65,166,379
90$143,496,780$45,263,230$31,827,976$69,958,186
91$158,046,518$47,394,195$32,807,279$75,162,826
92$174,077,590$49,626,837$33,816,650$80,819,154
93$191,741,007$51,966,055$34,857,010$86,969,839
94$211,203,179$54,416,981$35,929,309$93,661,753
95$232,647,487$56,984,997$37,034,525$100,946,391
96$256,276,014$59,675,745$38,173,665$108,880,331
97$282,311,453$62,495,142$39,347,768$117,525,753
98$310,999,208$65,449,391$40,557,906$126,950,993
99$342,609,712$68,544,996$41,805,180$137,231,169
100$377,440,978$71,788,776$43,090,729$148,448,864