Can I retire at age 68 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,282,876
2 years$678,620$665,981$653,733$641,856$630,337$589,557
3 years$447,919$435,226$423,008$411,244$399,912$360,462
4 years$332,592$319,937$307,842$296,278$285,220$247,404
5 years$263,413$250,835$238,898$227,570$216,820$180,738
6 years$217,309$204,825$193,065$181,989$171,562$137,247
7 years$184,391$172,012$160,438$149,624$139,526$106,975
8 years$159,713$147,446$136,064$125,515$115,750$84,942
9 years$140,529$128,378$117,192$106,911$97,479$68,380
10 years$125,192$113,159$102,171$92,159$83,057$55,625
11 years$112,651$100,739$89,949$80,206$71,431$45,618
12 years$102,207$90,418$79,828$70,351$61,901$37,652
13 years$93,377$81,711$71,321$62,109$53,979$31,238
14 years$85,816$74,273$64,082$55,134$47,318$26,024
15 years$79,268$67,850$57,857$49,170$41,662$21,754
16 years$73,544$62,251$52,456$44,026$36,821$18,235
17 years$68,499$57,331$47,733$39,557$32,648$15,321
18 years$64,020$52,976$43,574$35,649$29,029$12,897
19 years$60,017$49,098$39,890$32,212$25,874$10,874
20 years$56,418$45,624$36,609$29,174$23,111$9,180
21 years$53,167$42,497$33,673$26,477$20,682$7,759
22 years$50,215$39,670$31,035$24,074$18,539$6,564
23 years$47,523$37,102$28,656$21,925$16,641$5,558
24 years$45,060$34,762$26,501$19,996$14,958$4,709
25 years$42,797$32,623$24,546$18,262$13,460$3,991
26 years$40,712$30,660$22,765$16,698$12,124$3,385
27 years$38,785$28,855$21,139$15,284$10,931$2,872
28 years$36,998$27,190$19,652$14,003$9,863$2,438
29 years$35,337$25,650$18,288$12,841$8,906$2,069
30 years$33,790$24,224$17,034$11,785$8,047$1,757
31 years$32,346$22,900$15,880$10,824$7,275$1,493
32 years$30,995$21,668$14,817$9,947$6,581$1,268
33 years$29,728$20,520$13,834$9,147$5,956$1,077
34 years$28,538$19,448$12,926$8,416$5,392$915
35 years$27,419$18,446$12,085$7,748$4,884$778
36 years$26,365$17,508$11,305$7,135$4,425$661
37 years$25,369$16,629$10,582$6,574$4,011$562
38 years$24,429$15,803$9,909$6,060$3,636$478
39 years$23,538$15,027$9,284$5,587$3,297$406
40 years$22,695$14,297$8,702$5,154$2,991$345
41 years$21,894$13,610$8,159$4,755$2,713$293
42 years$21,134$12,961$7,654$4,388$2,462$249
43 years$20,411$12,350$7,182$4,051$2,234$212
44 years$19,723$11,772$6,742$3,740$2,028$180
45 years$19,067$11,225$6,330$3,454$1,841$153
46 years$18,442$10,709$5,945$3,191$1,672$130
47 years$17,845$10,219$5,586$2,948$1,518$111
48 years$17,275$9,756$5,249$2,724$1,379$94
49 years$16,729$9,316$4,934$2,517$1,252$80
50 years$16,207$8,899$4,638$2,327$1,137$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $16,600,000, adding $3,884 every year, while hoping to spend $32,536 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: 78/17/5 Blend
67$16,600,000$16,600,000$16,600,000$16,600,000
68$18,297,206$17,417,406$17,160,106$19,719,982
69$20,128,903$18,236,241$17,700,352$21,471,835
70$22,146,343$19,094,109$18,257,605$23,387,823
71$24,368,437$19,992,886$18,832,402$25,487,928
72$26,816,024$20,934,544$19,425,293$27,790,443
73$29,512,068$21,921,147$20,036,850$30,315,505
74$32,481,874$22,954,858$20,667,660$33,085,281
75$35,753,326$24,037,948$21,318,328$36,124,176
76$39,357,154$25,172,795$21,989,481$39,459,059
77$43,327,217$26,361,896$22,681,762$43,119,513
78$47,700,829$27,607,864$23,395,836$47,138,114
79$52,519,108$28,913,444$24,132,391$51,550,728
80$57,827,364$30,281,510$24,892,133$56,396,853
81$63,675,529$31,715,077$25,675,793$61,719,982
82$70,118,624$33,217,308$26,484,124$67,568,014
83$77,217,283$34,791,515$27,317,901$73,993,697
84$85,038,322$36,441,175$28,177,927$81,055,126
85$93,655,370$38,169,932$29,065,027$88,816,282
86$103,149,566$39,981,607$29,980,054$97,347,633
87$113,610,323$41,880,207$30,923,887$106,726,797
88$125,136,171$43,869,932$31,897,432$117,039,261
89$137,835,690$45,955,189$32,901,625$128,379,191
90$151,828,532$48,140,595$33,937,432$140,850,309
91$167,246,552$50,430,994$35,005,846$154,566,867
92$184,235,053$52,831,465$36,107,894$169,654,721
93$202,954,156$55,347,335$37,244,636$186,252,508
94$223,580,312$57,984,186$38,417,163$204,512,952
95$246,307,968$60,747,875$39,626,603$224,604,295
96$271,351,403$63,644,543$40,874,116$246,711,876
97$298,946,748$66,680,628$42,160,901$271,039,877
98$329,354,220$69,862,882$43,488,195$297,813,235
99$362,860,574$73,198,387$44,857,273$327,279,764
100$399,781,811$76,694,566$46,269,449$359,712,478