Can I retire at age 68 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,229,766
2 years$650,004$637,898$626,165$614,790$603,756$565,670
3 years$429,031$416,873$405,171$393,902$383,048$346,191
4 years$318,567$306,446$294,860$283,784$273,193$237,849
5 years$252,305$240,257$228,824$217,973$207,677$173,941
6 years$208,146$196,188$184,924$174,315$164,328$132,230
7 years$176,615$164,759$153,672$143,314$133,642$103,182
8 years$152,978$141,229$130,326$120,223$110,869$82,027
9 years$134,604$122,965$112,250$102,403$93,368$66,113
10 years$119,912$108,387$97,862$88,272$79,554$53,849
11 years$107,900$96,491$86,156$76,823$68,419$44,218
12 years$97,897$86,605$76,461$67,384$59,291$36,545
13 years$89,440$78,266$68,313$59,490$51,703$30,360
14 years$82,197$71,141$61,380$52,809$45,322$25,328
15 years$75,925$64,989$55,418$47,096$39,905$21,202
16 years$70,443$59,626$50,244$42,170$35,268$17,798
17 years$65,611$54,913$45,720$37,889$31,271$14,976
18 years$61,320$50,742$41,737$34,146$27,805$12,625
19 years$57,486$47,028$38,208$30,854$24,783$10,661
20 years$54,039$43,700$35,065$27,944$22,137$9,014
21 years$50,925$40,705$32,253$25,361$19,810$7,631
22 years$48,097$37,997$29,726$23,059$17,757$6,465
23 years$45,519$35,538$27,447$21,000$15,940$5,483
24 years$43,160$33,296$25,384$19,153$14,327$4,652
25 years$40,993$31,247$23,511$17,492$12,892$3,950
26 years$38,995$29,367$21,805$15,994$11,613$3,356
27 years$37,149$27,638$20,248$14,639$10,470$2,852
28 years$35,438$26,043$18,823$13,413$9,447$2,424
29 years$33,847$24,569$17,516$12,300$8,530$2,061
30 years$32,366$23,203$16,316$11,288$7,708$1,753
31 years$30,982$21,934$15,211$10,367$6,969$1,492
32 years$29,688$20,754$14,192$9,528$6,304$1,269
33 years$28,475$19,654$13,251$8,762$5,705$1,080
34 years$27,335$18,628$12,381$8,061$5,165$919
35 years$26,263$17,668$11,575$7,421$4,678$783
36 years$25,253$16,770$10,829$6,835$4,239$666
37 years$24,300$15,927$10,135$6,297$3,842$567
38 years$23,399$15,137$9,491$5,804$3,483$483
39 years$22,546$14,394$8,892$5,352$3,158$411
40 years$21,738$13,694$8,335$4,936$2,865$350
41 years$20,971$13,036$7,815$4,554$2,599$298
42 years$20,243$12,415$7,331$4,203$2,358$254
43 years$19,551$11,829$6,879$3,880$2,140$216
44 years$18,891$11,275$6,457$3,582$1,943$184
45 years$18,263$10,752$6,063$3,309$1,764$157
46 years$17,664$10,257$5,695$3,056$1,601$134
47 years$17,093$9,788$5,350$2,823$1,454$114
48 years$16,546$9,344$5,028$2,609$1,320$97
49 years$16,024$8,923$4,726$2,411$1,199$83
50 years$15,524$8,524$4,443$2,229$1,089$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $15,900,000, adding $3,566 every year, while hoping to spend $25,719 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: 50/32/18 Blend
67$15,900,000$15,900,000$15,900,000$15,900,000
68$17,525,478$16,682,778$16,436,328$18,313,996
69$19,285,712$17,472,870$16,959,581$19,648,701
70$21,224,628$18,300,813$17,499,500$21,095,471
71$23,360,424$19,168,437$18,056,617$22,667,244
72$25,713,154$20,077,658$18,631,480$24,375,814
73$28,304,917$21,030,484$19,224,656$26,234,137
74$31,160,064$22,029,022$19,836,727$28,256,447
75$34,305,428$23,075,483$20,468,296$30,458,383
76$37,770,582$24,172,182$21,119,984$32,857,132
77$41,588,111$25,321,548$21,792,432$35,471,582
78$45,793,923$26,526,128$22,486,303$38,322,499
79$50,427,588$27,788,593$23,202,279$41,432,709
80$55,532,711$29,111,744$23,941,065$44,827,309
81$61,157,344$30,498,516$24,703,388$48,533,897
82$67,354,440$31,951,990$25,489,998$52,582,822
83$74,182,349$33,475,394$26,301,669$57,007,466
84$81,705,374$35,072,114$27,139,200$61,844,542
85$89,994,376$36,745,700$28,003,417$67,134,441
86$99,127,439$38,499,877$28,895,168$72,921,597
87$109,190,615$40,338,548$29,815,333$79,254,896
88$120,278,728$42,265,807$30,764,817$86,188,131
89$132,496,275$44,285,948$31,744,555$93,780,494
90$145,958,408$46,403,473$32,755,511$102,097,125
91$160,792,026$48,623,103$33,798,681$111,209,715
92$177,136,968$50,949,790$34,875,092$121,197,169
93$195,147,334$53,388,726$35,985,803$132,146,336
94$214,992,944$55,945,355$37,131,909$144,152,818
95$236,860,934$58,625,387$38,314,538$157,321,854
96$260,957,528$61,434,809$39,534,854$171,769,300
97$287,509,983$64,379,903$40,794,059$187,622,707
98$316,768,735$67,467,251$42,093,393$205,022,504
99$349,009,760$70,703,761$43,434,136$224,123,313
100$384,537,184$74,096,674$44,817,608$245,095,383