Can I retire at age 68 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,354,731
2 years$719,501$706,101$693,114$680,522$668,309$619,731
3 years$474,902$461,445$448,491$436,017$424,003$377,090
4 years$352,627$339,211$326,386$314,126$302,402$257,513
5 years$279,281$265,945$253,289$241,279$229,881$187,135
6 years$230,400$217,164$204,695$192,953$181,897$141,326
7 years$195,499$182,374$170,103$158,637$147,931$109,528
8 years$169,334$156,328$144,261$133,077$122,723$86,457
9 years$148,995$136,112$124,252$113,352$103,351$69,176
10 years$132,733$119,976$108,325$97,710$88,060$55,919
11 years$119,437$106,808$95,368$85,037$75,735$45,564
12 years$108,364$95,865$84,637$74,589$65,630$37,359
13 years$99,003$86,634$75,617$65,851$57,231$30,784
14 years$90,985$78,748$67,942$58,455$50,168$25,468
15 years$84,043$71,937$61,343$52,132$44,172$21,139
16 years$77,975$66,001$55,616$46,678$39,039$17,592
17 years$72,626$60,785$50,609$41,940$34,615$14,673
18 years$67,876$56,168$46,199$37,796$30,778$12,260
19 years$63,632$52,056$42,293$34,152$27,433$10,259
20 years$59,817$48,373$38,815$30,932$24,504$8,595
21 years$56,369$45,057$35,702$28,072$21,928$7,208
22 years$53,240$42,059$32,905$25,524$19,655$6,051
23 years$50,386$39,337$30,382$23,245$17,644$5,083
24 years$47,775$36,856$28,098$21,201$15,859$4,272
25 years$45,376$34,588$26,024$19,362$14,270$3,593
26 years$43,165$32,507$24,136$17,704$12,854$3,022
27 years$41,121$30,593$22,413$16,205$11,589$2,544
28 years$39,227$28,828$20,835$14,847$10,457$2,141
29 years$37,466$27,196$19,389$13,615$9,443$1,803
30 years$35,826$25,683$18,060$12,495$8,532$1,519
31 years$34,295$24,279$16,837$11,476$7,714$1,279
32 years$32,862$22,973$15,709$10,547$6,978$1,078
33 years$31,519$21,756$14,668$9,698$6,315$908
34 years$30,258$20,620$13,705$8,923$5,717$765
35 years$29,071$19,557$12,813$8,214$5,178$645
36 years$27,953$18,563$11,986$7,565$4,692$544
37 years$26,898$17,630$11,219$6,970$4,252$458
38 years$25,900$16,755$10,506$6,425$3,855$386
39 years$24,956$15,933$9,843$5,924$3,496$326
40 years$24,062$15,159$9,226$5,464$3,171$274
41 years$23,213$14,429$8,651$5,041$2,877$231
42 years$22,407$13,742$8,115$4,652$2,610$195
43 years$21,641$13,093$7,615$4,295$2,369$164
44 years$20,911$12,481$7,148$3,966$2,150$139
45 years$20,216$11,902$6,711$3,662$1,952$117
46 years$19,553$11,354$6,304$3,383$1,772$99
47 years$18,920$10,835$5,922$3,125$1,610$83
48 years$18,315$10,343$5,565$2,888$1,462$70
49 years$17,737$9,877$5,231$2,669$1,328$59
50 years$17,184$9,435$4,918$2,467$1,206$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $17,600,000, adding $4,930 every year, while hoping to spend $34,564 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: 54/25/21 Blend
67$17,600,000$17,600,000$17,600,000$17,600,000
68$19,400,285$18,467,485$18,194,685$20,336,325
69$21,342,339$19,335,616$18,767,431$21,847,089
70$23,481,323$20,245,127$19,358,206$23,486,779
71$25,837,289$21,198,009$19,967,577$25,271,004
72$28,432,330$22,196,350$20,596,129$27,213,586
73$31,290,795$23,242,338$21,244,466$29,329,718
74$34,439,511$24,338,268$21,913,211$31,636,102
75$37,908,044$25,486,546$22,603,006$34,151,103
76$41,728,972$26,689,694$23,314,514$36,894,912
77$45,938,195$27,950,357$24,048,418$39,889,735
78$50,575,274$29,271,307$24,805,424$43,159,995
79$55,683,804$30,655,453$25,586,257$46,732,553
80$61,311,824$32,105,843$26,391,669$50,636,960
81$67,512,273$33,625,672$27,222,433$54,905,724
82$74,343,487$35,218,292$28,079,346$59,574,613
83$81,869,751$36,887,216$28,963,233$64,682,981
84$90,161,905$38,636,130$29,874,941$70,274,134
85$99,298,015$40,468,896$30,815,347$76,395,731
86$109,364,105$42,389,564$31,785,354$83,100,223
87$120,454,974$44,402,383$32,785,893$90,445,336
88$132,675,086$46,511,805$33,817,926$98,494,615
89$146,139,562$48,722,500$34,882,444$107,318,003
90$160,975,261$51,039,366$35,980,468$116,992,499
91$177,321,979$53,467,536$37,113,055$127,602,867
92$195,333,770$56,012,395$38,281,292$139,242,432
93$215,180,400$58,679,587$39,486,300$152,013,940
94$237,048,947$61,475,034$40,729,238$166,030,524
95$261,145,571$64,404,942$42,011,299$181,416,750
96$287,697,456$67,475,820$43,333,714$198,309,787
97$316,954,956$70,694,496$44,697,754$216,860,681
98$349,193,962$74,068,126$46,104,728$237,235,771
99$384,718,498$77,604,216$47,555,989$259,618,238
100$423,863,599$81,310,637$49,052,929$284,209,821