Can I retire at age 68 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,347,819
2 years$707,237$694,065$681,300$668,923$656,917$625,148
3 years$466,808$453,579$440,846$428,585$416,775$385,936
4 years$346,617$333,429$320,823$308,772$297,248$267,576
5 years$274,521$261,412$248,972$237,166$225,963$197,542
6 years$226,473$213,463$201,206$189,664$178,797$151,657
7 years$192,166$179,266$167,203$155,933$145,410$119,554
8 years$166,448$153,664$141,802$130,808$120,631$96,050
9 years$146,455$133,792$122,134$111,420$101,589$78,264
10 years$130,471$117,931$106,479$96,045$86,559$64,464
11 years$117,401$104,987$93,742$83,588$74,444$53,549
12 years$106,517$94,231$83,194$73,318$64,511$44,784
13 years$97,315$85,157$74,328$64,729$56,255$37,658
14 years$89,434$77,405$66,784$57,459$49,313$31,807
15 years$82,611$70,711$60,297$51,243$43,419$26,964
16 years$76,646$64,876$54,668$45,883$38,374$22,929
17 years$71,388$59,749$49,746$41,225$34,025$19,547
18 years$66,719$55,210$45,412$37,152$30,253$16,700
19 years$62,547$51,168$41,572$33,570$26,965$14,293
20 years$58,797$47,548$38,153$30,404$24,086$12,252
21 years$55,409$44,289$35,093$27,594$21,554$10,516
22 years$52,332$41,342$32,344$25,089$19,320$9,036
23 years$49,527$38,667$29,864$22,849$17,343$7,771
24 years$46,960$36,228$27,619$20,840$15,588$6,689
25 years$44,602$33,998$25,581$19,032$14,027$5,762
26 years$42,429$31,953$23,725$17,402$12,635$4,966
27 years$40,420$30,071$22,031$15,928$11,392$4,282
28 years$38,558$28,336$20,480$14,594$10,279$3,694
29 years$36,827$26,732$19,059$13,383$9,282$3,188
30 years$35,215$25,246$17,752$12,282$8,386$2,752
31 years$33,710$23,865$16,550$11,280$7,582$2,377
32 years$32,302$22,581$15,442$10,367$6,859$2,053
33 years$30,982$21,385$14,418$9,533$6,207$1,773
34 years$29,742$20,268$13,471$8,771$5,620$1,532
35 years$28,576$19,224$12,595$8,074$5,090$1,324
36 years$27,476$18,246$11,782$7,436$4,612$1,145
37 years$26,439$17,330$11,028$6,852$4,180$989
38 years$25,459$16,470$10,327$6,315$3,789$855
39 years$24,531$15,661$9,675$5,823$3,436$739
40 years$23,652$14,900$9,069$5,371$3,117$639
41 years$22,818$14,184$8,503$4,955$2,828$553
42 years$22,025$13,508$7,977$4,573$2,566$478
43 years$21,272$12,870$7,485$4,222$2,329$413
44 years$20,555$12,268$7,026$3,898$2,114$358
45 years$19,872$11,699$6,597$3,600$1,919$309
46 years$19,220$11,160$6,196$3,325$1,742$267
47 years$18,598$10,650$5,821$3,072$1,582$231
48 years$18,003$10,167$5,470$2,839$1,437$200
49 years$17,435$9,709$5,142$2,624$1,305$173
50 years$16,891$9,274$4,834$2,425$1,185$150

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $17,300,000, adding $4,043 every year, while hoping to spend $35,184 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: 57/31/12 Blend
67$17,300,000$17,300,000$17,300,000$17,300,000
68$19,068,770$18,151,870$17,883,720$20,098,281
69$20,976,349$19,003,876$18,445,389$21,646,448
70$23,077,322$19,896,452$19,024,695$23,328,346
71$25,391,378$20,831,547$19,622,192$25,160,176
72$27,940,213$21,811,207$20,238,449$27,156,302
73$30,747,735$22,837,576$20,874,057$29,332,512
74$33,840,289$23,912,902$21,529,623$31,706,161
75$37,246,906$25,039,543$22,205,774$34,296,328
76$40,999,578$26,219,968$22,903,155$37,123,993
77$45,133,558$27,456,769$23,622,433$40,212,225
78$49,687,692$28,752,662$24,364,296$43,586,393
79$54,704,789$30,110,494$25,129,452$47,274,401
80$60,232,022$31,533,253$25,918,633$51,306,942
81$66,321,373$33,024,068$26,732,593$55,717,781
82$73,030,128$34,586,222$27,572,109$60,544,065
83$80,421,411$36,223,157$28,437,985$65,826,663
84$88,564,785$37,938,481$29,331,047$71,610,546
85$97,536,905$39,735,979$30,252,149$77,945,202
86$107,422,244$41,619,616$31,202,171$84,885,091
87$118,313,890$43,593,555$32,182,021$92,490,150
88$130,314,423$45,662,155$33,192,635$100,826,348
89$143,536,885$47,829,991$34,234,978$109,966,300
90$158,105,845$50,101,859$35,310,048$119,989,935
91$174,158,577$52,482,786$36,418,871$130,985,243
92$191,846,355$54,978,045$37,562,506$143,049,091
93$211,335,880$57,593,166$38,742,046$156,288,125
94$232,810,854$60,333,946$39,958,619$170,819,761
95$256,473,714$63,206,463$41,213,387$186,773,278
96$282,547,546$66,217,092$42,507,548$204,291,028
97$311,278,184$69,372,518$43,842,339$223,529,755
98$342,936,537$72,679,749$45,219,035$244,662,066
99$377,821,143$76,146,136$46,638,952$267,878,040
100$416,260,989$79,779,386$48,103,447$293,386,999