Can I retire at age 68 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,358,375
2 years$711,325$698,077$685,238$672,789$660,714$631,509
3 years$469,506$456,201$443,394$431,063$419,184$390,809
4 years$348,620$335,356$322,677$310,556$298,966$271,640
5 years$276,108$262,923$250,411$238,537$227,269$201,070
6 years$227,782$214,697$202,369$190,760$179,830$154,785
7 years$193,277$180,302$168,170$156,834$146,250$122,365
8 years$167,410$154,552$142,621$131,564$121,329$98,595
9 years$147,302$134,565$122,840$112,064$102,176$80,579
10 years$131,225$118,613$107,094$96,600$87,059$66,577
11 years$118,079$105,594$94,284$84,071$74,874$55,480
12 years$107,133$94,775$83,675$73,741$64,884$46,550
13 years$97,878$85,649$74,758$65,103$56,580$39,274
14 years$89,951$77,853$67,170$57,791$49,598$33,285
15 years$83,088$71,120$60,646$51,539$43,670$28,316
16 years$77,089$65,251$54,984$46,148$38,596$24,163
17 years$71,800$60,094$50,034$41,463$34,221$20,674
18 years$67,105$55,529$45,674$37,367$30,428$17,727
19 years$62,909$51,464$41,813$33,764$27,121$15,229
20 years$59,137$47,823$38,373$30,580$24,225$13,103
21 years$55,729$44,545$35,296$27,753$21,679$11,290
22 years$52,635$41,581$32,531$25,234$19,432$9,738
23 years$49,814$38,890$30,036$22,981$17,443$8,408
24 years$47,232$36,438$27,779$20,960$15,678$7,266
25 years$44,860$34,195$25,729$19,142$14,108$6,284
26 years$42,674$32,138$23,862$17,502$12,708$5,438
27 years$40,654$30,245$22,158$16,020$11,457$4,708
28 years$38,781$28,500$20,599$14,678$10,338$4,078
29 years$37,040$26,886$19,169$13,460$9,335$3,534
30 years$35,419$25,391$17,855$12,353$8,435$3,063
31 years$33,905$24,003$16,646$11,345$7,626$2,656
32 years$32,489$22,712$15,531$10,427$6,898$2,304
33 years$31,161$21,509$14,501$9,588$6,243$1,999
34 years$29,914$20,385$13,549$8,822$5,652$1,734
35 years$28,741$19,335$12,667$8,121$5,119$1,505
36 years$27,635$18,352$11,850$7,479$4,639$1,306
37 years$26,592$17,430$11,091$6,891$4,204$1,134
38 years$25,606$16,565$10,387$6,352$3,811$984
39 years$24,673$15,751$9,731$5,857$3,456$855
40 years$23,789$14,986$9,121$5,402$3,135$742
41 years$22,950$14,266$8,553$4,984$2,844$645
42 years$22,153$13,586$8,023$4,600$2,581$560
43 years$21,395$12,945$7,528$4,246$2,342$486
44 years$20,674$12,339$7,066$3,920$2,126$422
45 years$19,986$11,766$6,635$3,621$1,930$367
46 years$19,331$11,225$6,232$3,344$1,752$319
47 years$18,705$10,712$5,855$3,090$1,591$277
48 years$18,107$10,226$5,502$2,855$1,445$240
49 years$17,536$9,765$5,171$2,639$1,312$209
50 years$16,988$9,328$4,862$2,439$1,192$181

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $17,400,000, adding $4,666 every year, while hoping to spend $54,290 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: 61/14/25 Blend
67$17,400,000$17,400,000$17,400,000$17,400,000
68$19,179,613$18,257,413$17,987,713$20,221,406
69$21,078,169$19,094,262$18,532,537$21,766,169
70$23,168,559$19,970,297$19,093,794$23,445,180
71$25,470,291$20,887,381$19,671,975$25,276,667
72$28,004,864$21,847,466$20,267,590$27,275,498
73$30,795,967$22,852,598$20,881,160$29,458,032
74$33,869,702$23,904,922$21,513,226$31,842,272
75$37,254,834$25,006,685$22,164,340$34,448,027
76$40,983,057$26,160,243$22,835,076$37,297,095
77$45,089,298$27,368,064$23,526,020$40,413,471
78$49,612,043$28,632,736$24,237,779$43,823,562
79$54,593,703$29,956,972$24,970,976$47,556,437
80$60,081,012$31,343,615$25,726,255$51,644,095
81$66,125,466$32,795,643$26,504,276$56,121,763
82$72,783,815$34,316,181$27,305,720$61,028,222
83$80,118,593$35,908,502$28,131,290$66,406,172
84$88,198,708$37,576,038$28,981,708$72,302,626
85$97,100,098$39,322,386$29,857,717$78,769,350
86$106,906,442$41,151,316$30,760,083$85,863,347
87$117,709,949$43,066,781$31,689,597$93,647,388
88$129,612,235$45,072,923$32,647,069$102,190,598
89$142,725,273$47,174,087$33,633,336$111,569,102
90$157,172,458$49,374,824$34,649,260$121,866,740
91$173,089,766$51,679,908$35,695,727$133,175,849
92$190,627,039$54,094,340$36,773,651$145,598,125
93$209,949,401$56,623,367$37,883,972$159,245,583
94$231,238,813$59,272,485$39,027,659$174,241,598
95$254,695,794$62,047,460$40,205,708$190,722,068
96$280,541,313$64,954,333$41,419,146$208,836,683
97$309,018,870$67,999,438$42,669,031$228,750,335
98$340,396,802$71,189,418$43,956,451$250,644,662
99$374,970,811$74,531,234$45,282,527$274,719,753
100$413,066,754$78,032,185$46,648,412$301,196,025