Can I retire at age 68 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,256,796
2 years$654,092$641,910$630,104$618,657$607,554$588,388
3 years$431,730$419,495$407,719$396,379$385,457$366,788
4 years$320,570$308,373$296,715$285,569$274,911$256,882
5 years$253,892$241,768$230,263$219,344$208,983$191,647
6 years$209,455$197,422$186,087$175,411$165,361$148,738
7 years$177,726$165,795$154,639$144,215$134,483$118,578
8 years$153,940$142,117$131,146$120,979$111,567$96,377
9 years$135,450$123,738$112,956$103,047$93,955$79,474
10 years$120,667$109,069$98,478$88,828$80,054$66,271
11 years$108,579$97,098$86,698$77,307$68,850$55,749
12 years$98,513$87,150$76,942$67,808$59,664$47,231
13 years$90,002$78,758$68,743$59,865$52,028$40,245
14 years$82,714$71,589$61,766$53,141$45,607$34,456
15 years$76,403$65,398$55,766$47,392$40,156$29,616
16 years$70,886$60,001$50,560$42,435$35,490$25,541
17 years$66,023$55,259$46,008$38,127$31,468$22,088
18 years$61,706$51,062$41,999$34,360$27,980$19,147
19 years$57,847$47,323$38,448$31,048$24,939$16,632
20 years$54,379$43,975$35,286$28,120$22,276$14,472
21 years$51,245$40,961$32,456$25,520$19,935$12,612
22 years$48,400$38,236$29,913$23,204$17,869$11,005
23 years$45,806$35,761$27,620$21,132$16,040$9,613
24 years$43,431$33,506$25,544$19,274$14,417$8,406
25 years$41,250$31,444$23,659$17,602$12,973$7,356
26 years$39,241$29,552$21,942$16,094$11,686$6,442
27 years$37,383$27,812$20,375$14,731$10,536$5,645
28 years$35,661$26,207$18,941$13,497$9,506$4,950
29 years$34,060$24,723$17,627$12,377$8,584$4,342
30 years$32,569$23,348$16,418$11,359$7,756$3,811
31 years$31,177$22,072$15,306$10,433$7,012$3,346
32 years$29,875$20,885$14,281$9,588$6,343$2,938
33 years$28,654$19,778$13,334$8,817$5,741$2,581
34 years$27,507$18,745$12,459$8,112$5,197$2,268
35 years$26,428$17,779$11,648$7,468$4,708$1,993
36 years$25,412$16,875$10,897$6,878$4,265$1,752
37 years$24,452$16,028$10,199$6,337$3,866$1,541
38 years$23,546$15,232$9,551$5,841$3,505$1,355
39 years$22,688$14,484$8,948$5,385$3,178$1,191
40 years$21,875$13,780$8,387$4,967$2,883$1,048
41 years$21,103$13,118$7,864$4,583$2,615$922
42 years$20,370$12,493$7,377$4,230$2,373$811
43 years$19,674$11,903$6,922$3,904$2,154$713
44 years$19,010$11,346$6,498$3,605$1,955$628
45 years$18,378$10,820$6,101$3,329$1,775$552
46 years$17,776$10,322$5,731$3,075$1,611$486
47 years$17,200$9,850$5,384$2,841$1,463$428
48 years$16,650$9,403$5,059$2,625$1,329$376
49 years$16,125$8,979$4,755$2,426$1,207$331
50 years$15,622$8,577$4,471$2,243$1,096$291

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $16,000,000, adding $2,683 every year, while hoping to spend $57,503 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: 48/36/16 Blend
67$16,000,000$16,000,000$16,000,000$16,000,000
68$17,634,768$16,786,768$16,538,768$18,402,093
69$19,372,331$17,548,136$17,031,633$19,694,820
70$21,285,199$18,344,885$17,539,083$21,091,585
71$23,391,191$19,178,686$18,061,545$22,606,985
72$25,709,944$20,051,294$18,599,458$24,252,141
73$28,263,095$20,964,543$19,153,276$26,039,267
74$31,074,485$21,920,360$19,723,465$27,981,778
75$34,170,386$22,920,762$20,310,505$30,094,412
76$37,579,748$23,967,862$20,914,889$32,393,363
77$41,334,470$25,063,875$21,537,126$34,896,425
78$45,469,704$26,211,123$22,177,738$37,623,154
79$50,024,184$27,412,038$22,837,262$40,595,048
80$55,040,593$28,669,170$23,516,253$43,835,738
81$60,565,965$29,985,191$24,215,278$47,371,206
82$66,652,128$31,362,900$24,934,925$51,230,024
83$73,356,196$32,805,233$25,675,796$55,443,608
84$80,741,104$34,315,265$26,438,511$60,046,514
85$88,876,203$35,896,220$27,223,708$65,076,749
86$97,837,917$37,551,476$28,032,043$70,576,122
87$107,710,461$39,284,574$28,864,193$76,590,629
88$118,586,636$41,099,226$29,720,851$83,170,875
89$130,568,707$42,999,322$30,602,734$90,372,542
90$143,769,365$44,988,939$31,510,575$98,256,899
91$158,312,794$47,072,350$32,445,133$106,891,375
92$174,335,839$49,254,036$33,407,186$116,350,177
93$191,989,302$51,538,691$34,397,534$126,714,977
94$211,439,361$53,931,238$35,417,002$138,075,672
95$232,869,142$56,436,834$36,466,437$150,531,218
96$256,480,444$59,060,888$37,546,712$164,190,545
97$282,495,646$61,809,068$38,658,723$179,173,572
98$311,159,805$64,687,317$39,803,394$195,612,321
99$342,742,972$67,701,862$40,981,675$213,652,147
100$377,542,735$70,859,232$42,194,540$233,453,090