Can I retire at age 68 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,276,281
2 years$658,180$645,922$634,042$622,523$611,351$603,728
3 years$434,428$422,117$410,267$398,857$387,866$380,412
4 years$322,574$310,301$298,569$287,354$276,629$269,402
5 years$255,479$243,280$231,702$220,715$210,289$203,309
6 years$210,764$198,656$187,250$176,508$166,395$159,671
7 years$178,837$166,831$155,605$145,117$135,323$128,860
8 years$154,902$143,005$131,966$121,735$112,264$106,061
9 years$136,297$124,512$113,662$103,691$94,542$88,598
10 years$121,421$109,751$99,093$89,383$80,555$74,866
11 years$109,257$97,705$87,240$77,790$69,280$63,843
12 years$99,129$87,694$77,423$68,232$60,036$54,847
13 years$90,565$79,250$69,173$60,239$52,353$47,405
14 years$83,231$72,036$62,152$53,473$45,892$41,181
15 years$76,880$65,806$56,115$47,689$40,407$35,926
16 years$71,329$60,376$50,876$42,700$35,712$31,455
17 years$66,436$55,604$46,295$38,366$31,665$27,625
18 years$62,092$51,381$42,262$34,575$28,155$24,325
19 years$58,209$47,619$38,689$31,242$25,095$21,469
20 years$54,719$44,250$35,506$28,295$22,415$18,985
21 years$51,565$41,217$32,659$25,680$20,059$16,818
22 years$48,702$38,475$30,100$23,349$17,980$14,920
23 years$46,092$35,985$27,792$21,264$16,140$13,254
24 years$43,703$33,715$25,703$19,394$14,507$11,788
25 years$41,508$31,640$23,806$17,712$13,054$10,495
26 years$39,486$29,737$22,079$16,195$11,759$9,352
27 years$37,616$27,986$20,502$14,824$10,601$8,340
28 years$35,883$26,371$19,060$13,582$9,566$7,443
29 years$34,273$24,878$17,737$12,455$8,638$6,646
30 years$32,773$23,494$16,521$11,430$7,805$5,938
31 years$31,372$22,210$15,402$10,498$7,056$5,309
32 years$30,061$21,015$14,370$9,648$6,383$4,748
33 years$28,833$19,902$13,418$8,872$5,777$4,248
34 years$27,679$18,862$12,537$8,163$5,230$3,802
35 years$26,593$17,891$11,721$7,514$4,737$3,403
36 years$25,571$16,981$10,965$6,921$4,292$3,048
37 years$24,605$16,128$10,263$6,376$3,890$2,730
38 years$23,693$15,327$9,611$5,877$3,527$2,446
39 years$22,829$14,575$9,004$5,419$3,198$2,192
40 years$22,011$13,867$8,440$4,998$2,901$1,965
41 years$21,235$13,200$7,914$4,612$2,632$1,761
42 years$20,498$12,571$7,423$4,256$2,388$1,579
43 years$19,797$11,978$6,966$3,929$2,167$1,416
44 years$19,129$11,417$6,539$3,628$1,967$1,270
45 years$18,493$10,887$6,139$3,350$1,786$1,139
46 years$17,887$10,386$5,766$3,095$1,621$1,021
47 years$17,308$9,911$5,417$2,859$1,472$916
48 years$16,754$9,462$5,091$2,642$1,337$822
49 years$16,225$9,035$4,785$2,442$1,214$737
50 years$15,719$8,631$4,499$2,257$1,103$662

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $16,100,000, adding $4,729 every year, while hoping to spend $50,365 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: 49/21/30 Blend
67$16,100,000$16,100,000$16,100,000$16,100,000
68$17,747,078$16,893,778$16,644,228$18,464,797
69$19,503,692$17,667,985$17,148,222$19,744,258
70$21,437,793$18,478,440$17,667,411$21,128,263
71$23,567,430$19,326,867$18,202,252$22,631,074
72$25,912,495$20,215,070$18,753,214$24,263,977
73$28,494,903$21,144,943$19,320,781$26,039,372
74$31,338,807$22,118,468$19,905,451$27,970,892
75$34,470,817$23,137,725$20,507,735$30,073,524
76$37,920,259$24,204,892$21,128,163$32,363,746
77$41,719,447$25,322,253$21,767,278$34,859,680
78$45,903,989$26,492,202$22,425,640$37,581,254
79$50,513,122$27,717,246$23,103,825$40,550,387
80$55,590,085$29,000,016$23,802,428$43,791,191
81$61,182,524$30,343,267$24,522,060$47,330,190
82$67,342,943$31,749,889$25,263,350$51,196,567
83$74,129,199$33,222,908$26,026,948$55,422,431
84$81,605,046$34,765,500$26,813,519$60,043,117
85$89,840,742$36,380,991$27,623,754$65,097,507
86$98,913,706$38,072,868$28,458,358$70,628,394
87$108,909,253$39,844,787$29,318,062$76,682,877
88$119,921,396$41,700,581$30,203,616$83,312,800
89$132,053,734$43,644,265$31,115,793$90,575,229
90$145,420,432$45,680,051$32,055,389$98,532,984
91$160,147,295$47,812,353$33,023,224$107,255,226
92$176,372,959$50,045,798$34,020,141$116,818,094
93$194,250,196$52,385,237$35,047,011$127,305,423
94$213,947,357$54,835,755$36,104,727$138,809,515
95$235,649,964$57,402,683$37,194,212$151,432,010
96$259,562,456$60,091,610$38,316,413$165,284,825
97$285,910,122$62,908,395$39,472,309$180,491,207
98$314,941,227$65,859,179$40,662,904$197,186,879
99$346,929,356$68,950,402$41,889,235$215,521,310
100$382,175,993$72,188,815$43,152,368$235,659,115