Can I retire at age 68 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,258,857
2 years$670,444$657,958$645,856$634,123$622,742$574,034
3 years$442,523$429,982$417,912$406,289$395,093$348,111
4 years$328,585$316,083$304,133$292,708$281,784$236,886
5 years$260,239$247,813$236,019$224,828$214,208$171,510
6 years$214,691$202,358$190,739$179,797$169,495$129,029
7 years$182,169$169,940$158,505$147,821$137,845$99,598
8 years$157,789$145,670$134,425$124,003$114,356$78,293
9 years$138,836$126,832$115,780$105,623$96,304$62,375
10 years$123,683$111,796$100,940$91,048$82,056$50,199
11 years$111,293$99,525$88,866$79,239$70,571$40,717
12 years$100,976$89,329$78,866$69,503$61,155$33,229
13 years$92,252$80,727$70,462$61,361$53,328$27,251
14 years$84,782$73,379$63,310$54,470$46,747$22,435
15 years$78,313$67,033$57,160$48,577$41,160$18,529
16 years$72,658$61,501$51,824$43,496$36,377$15,342
17 years$67,674$56,640$47,158$39,081$32,255$12,730
18 years$63,249$52,338$43,049$35,219$28,679$10,581
19 years$59,294$48,506$39,409$31,824$25,563$8,807
20 years$55,738$45,075$36,168$28,823$22,833$7,339
21 years$52,526$41,985$33,268$26,158$20,433$6,122
22 years$49,610$39,192$30,661$23,784$18,315$5,111
23 years$46,951$36,655$28,310$21,660$16,441$4,269
24 years$44,517$34,343$26,182$19,756$14,777$3,569
25 years$42,282$32,230$24,250$18,042$13,297$2,984
26 years$40,222$30,291$22,491$16,497$11,978$2,496
27 years$38,317$28,507$20,885$15,100$10,799$2,089
28 years$36,552$26,862$19,415$13,835$9,744$1,749
29 years$34,912$25,341$18,067$12,687$8,799$1,464
30 years$33,383$23,932$16,829$11,643$7,950$1,226
31 years$31,956$22,624$15,689$10,693$7,188$1,027
32 years$30,621$21,407$14,638$9,827$6,502$860
33 years$29,370$20,273$13,668$9,037$5,884$721
34 years$28,195$19,214$12,770$8,315$5,327$604
35 years$27,089$18,224$11,939$7,654$4,825$506
36 years$26,047$17,297$11,169$7,049$4,372$424
37 years$25,064$16,428$10,454$6,495$3,962$355
38 years$24,134$15,613$9,790$5,987$3,592$298
39 years$23,255$14,846$9,172$5,520$3,258$249
40 years$22,421$14,125$8,597$5,091$2,955$209
41 years$21,631$13,446$8,061$4,698$2,681$175
42 years$20,880$12,805$7,562$4,335$2,432$147
43 years$20,165$12,201$7,096$4,002$2,208$123
44 years$19,486$11,630$6,660$3,695$2,004$103
45 years$18,838$11,090$6,254$3,413$1,819$86
46 years$18,220$10,580$5,874$3,152$1,652$72
47 years$17,630$10,096$5,518$2,912$1,500$61
48 years$17,067$9,638$5,186$2,691$1,362$51
49 years$16,528$9,204$4,874$2,487$1,237$43
50 years$16,012$8,792$4,582$2,299$1,124$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $16,400,000, adding $3,387 every year, while hoping to spend $31,420 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: 80/7/13 Blend
67$16,400,000$16,400,000$16,400,000$16,400,000
68$18,076,294$17,207,094$16,952,894$19,476,971
69$19,886,645$18,016,811$17,487,385$21,207,546
70$21,880,599$18,865,151$18,038,729$23,101,880
71$24,076,850$19,753,973$18,607,456$25,179,870
72$26,495,999$20,685,227$19,194,116$27,459,894
73$29,160,744$21,660,957$19,799,272$29,962,190
74$32,096,102$22,683,306$20,423,510$32,709,049
75$35,329,636$23,754,520$21,067,429$35,725,016
76$38,891,723$24,876,955$21,731,652$39,037,126
77$42,815,834$26,053,081$22,416,817$42,675,158
78$47,138,854$27,285,488$23,123,586$46,671,907
79$51,901,431$28,576,890$23,852,640$51,063,499
80$57,148,354$29,930,135$24,604,680$55,889,724
81$62,928,983$31,348,208$25,380,434$61,194,414
82$69,297,707$32,834,238$26,180,646$67,025,850
83$76,314,466$34,391,508$27,006,090$73,437,218
84$84,045,308$36,023,459$27,857,561$80,487,107
85$92,563,019$37,733,698$28,735,879$88,240,060
86$101,947,807$39,526,010$29,641,892$96,767,181
87$112,288,060$41,404,360$30,576,471$106,146,800
88$123,681,178$43,372,910$31,540,518$116,465,212
89$136,234,495$45,436,020$32,534,963$127,817,489
90$150,066,293$47,598,264$33,560,764$140,308,372
91$165,306,914$49,864,438$34,618,909$154,053,257
92$182,099,996$52,239,572$35,710,418$169,179,279
93$200,603,822$54,728,938$36,836,344$185,826,513
94$220,992,822$57,338,066$37,997,772$204,149,285
95$243,459,214$60,072,755$39,195,821$224,317,633
96$268,214,819$62,939,085$40,431,646$246,518,899
97$295,493,062$65,943,432$41,706,438$270,959,499
98$325,551,177$69,092,483$43,021,427$297,866,868
99$358,672,631$72,393,249$44,377,878$327,491,595
100$395,169,804$75,853,082$45,777,101$360,109,788