Can I retire at age 68 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,247,722
2 years$666,356$653,946$641,918$630,257$618,945$567,146
3 years$439,824$427,361$415,363$403,811$392,684$342,781
4 years$326,581$314,155$302,278$290,923$280,066$232,437
5 years$258,653$246,302$234,580$223,457$212,901$167,668
6 years$213,382$201,124$189,576$178,700$168,462$125,653
7 years$181,058$168,903$157,538$146,919$137,004$96,604
8 years$156,827$144,781$133,605$123,247$113,658$75,624
9 years$137,990$126,058$115,074$104,979$95,717$59,990
10 years$122,929$111,114$100,324$90,493$81,556$48,066
11 years$110,615$98,918$88,324$78,756$70,140$38,809
12 years$100,360$88,784$78,385$69,080$60,782$31,524
13 years$91,690$80,235$70,032$60,987$53,003$25,728
14 years$84,265$72,931$62,924$54,137$46,462$21,078
15 years$77,835$66,624$56,812$48,281$40,909$17,321
16 years$72,215$61,126$51,508$43,230$36,156$14,269
17 years$67,261$56,295$46,870$38,842$32,058$11,779
18 years$62,863$52,019$42,787$35,005$28,505$9,739
19 years$58,932$48,211$39,169$31,630$25,407$8,063
20 years$55,399$44,800$35,948$28,647$22,694$6,683
21 years$52,206$41,729$33,065$25,999$20,308$5,545
22 years$49,307$38,953$30,474$23,639$18,204$4,604
23 years$46,665$36,432$28,138$21,528$16,341$3,825
24 years$44,246$34,134$26,023$19,635$14,687$3,179
25 years$42,024$32,033$24,102$17,932$13,216$2,644
26 years$39,976$30,106$22,353$16,396$11,905$2,199
27 years$38,084$28,333$20,757$15,008$10,733$1,830
28 years$36,329$26,698$19,296$13,750$9,685$1,523
29 years$34,699$25,187$17,957$12,609$8,745$1,268
30 years$33,180$23,786$16,726$11,572$7,902$1,056
31 years$31,762$22,486$15,593$10,628$7,144$879
32 years$30,435$21,276$14,549$9,768$6,462$732
33 years$29,191$20,149$13,584$8,982$5,848$610
34 years$28,023$19,097$12,692$8,264$5,295$508
35 years$26,924$18,113$11,867$7,608$4,796$423
36 years$25,888$17,192$11,101$7,007$4,345$353
37 years$24,911$16,328$10,390$6,456$3,938$294
38 years$23,987$15,518$9,730$5,950$3,570$245
39 years$23,113$14,756$9,116$5,486$3,238$204
40 years$22,285$14,039$8,544$5,060$2,937$170
41 years$21,499$13,364$8,012$4,669$2,664$142
42 years$20,752$12,727$7,515$4,309$2,418$118
43 years$20,042$12,126$7,052$3,978$2,194$98
44 years$19,367$11,559$6,620$3,673$1,992$82
45 years$18,723$11,023$6,216$3,392$1,808$68
46 years$18,109$10,515$5,838$3,133$1,642$57
47 years$17,523$10,035$5,485$2,895$1,491$47
48 years$16,963$9,579$5,154$2,675$1,354$39
49 years$16,427$9,148$4,845$2,472$1,229$33
50 years$15,914$8,738$4,555$2,285$1,117$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $16,300,000, adding $4,164 every year, while hoping to spend $55,611 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: 76/14/10 Blend
67$16,300,000$16,300,000$16,300,000$16,300,000
68$17,966,895$17,102,995$16,850,345$19,300,486
69$19,740,349$17,881,872$17,355,662$20,957,967
70$21,692,831$18,697,050$17,876,043$22,766,872
71$23,842,544$19,550,250$18,411,935$24,748,153
72$26,209,544$20,443,273$18,963,795$26,918,922
73$28,815,932$21,378,009$19,532,098$29,298,013
74$31,686,063$22,356,436$20,117,328$31,906,165
75$34,846,770$23,380,630$20,719,987$34,766,209
76$38,327,624$24,452,765$21,340,591$37,903,284
77$42,161,210$25,575,118$21,979,668$41,345,070
78$46,383,432$26,750,078$22,637,766$45,122,044
79$51,033,858$27,980,147$23,315,447$49,267,771
80$56,156,085$29,267,948$24,013,288$53,819,210
81$61,798,157$30,616,230$24,731,885$58,817,064
82$68,013,017$32,027,873$25,471,851$64,306,160
83$74,859,004$33,505,897$26,233,816$70,335,867
84$82,400,403$35,053,467$27,018,430$76,960,558
85$90,708,058$36,673,900$27,826,361$84,240,122
86$99,860,031$38,370,673$28,658,296$92,240,520
87$109,942,349$40,147,430$29,514,943$101,034,409
88$121,049,805$42,007,991$30,397,031$110,701,817
89$133,286,862$43,956,360$31,305,308$121,330,900
90$146,768,633$45,996,733$32,240,547$133,018,763
91$161,621,970$48,133,509$33,203,542$145,872,375
92$177,986,660$50,371,299$34,195,109$160,009,574
93$196,016,744$52,714,938$35,216,090$175,560,169
94$215,881,974$55,169,492$36,267,351$192,667,164
95$237,769,409$57,740,272$37,349,782$211,488,099
96$261,885,189$60,432,845$38,464,300$232,196,529
97$288,456,473$63,253,048$39,611,848$254,983,662
98$317,733,585$66,207,000$40,793,397$280,060,150
99$349,992,381$69,301,114$42,009,946$307,658,071
100$385,536,849$72,542,113$43,262,524$338,033,115