Can I retire at age 68 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,381,232
2 years$723,589$710,113$697,052$684,389$672,106$641,836
3 years$477,601$464,066$451,039$438,495$426,412$397,008
4 years$354,631$341,138$328,241$315,911$304,120$275,809
5 years$280,868$267,456$254,728$242,650$231,188$204,049
6 years$231,709$218,398$205,858$194,049$182,931$156,993
7 years$196,609$183,410$171,069$159,538$148,772$124,040
8 years$170,296$157,217$145,080$133,833$123,420$99,887
9 years$149,842$136,885$124,958$113,996$103,938$81,586
10 years$133,487$120,658$108,941$98,265$88,560$67,367
11 years$120,115$107,415$95,910$85,520$76,165$56,103
12 years$108,980$96,409$85,118$75,013$66,003$47,042
13 years$99,565$87,126$76,047$66,225$57,556$39,662
14 years$91,502$79,195$68,328$58,787$50,453$33,592
15 years$84,521$72,346$61,691$52,428$44,423$28,557
16 years$78,418$66,376$55,932$46,944$39,261$24,352
17 years$73,038$61,130$50,896$42,178$34,812$20,820
18 years$68,262$56,487$46,462$38,011$30,953$17,840
19 years$63,994$52,351$42,533$34,346$27,589$15,314
20 years$60,157$48,648$39,035$31,107$24,643$13,167
21 years$56,690$45,313$35,905$28,232$22,053$11,336
22 years$53,542$42,298$33,092$25,669$19,767$9,770
23 years$50,673$39,561$30,554$23,377$17,744$8,429
24 years$48,046$37,066$28,258$21,322$15,949$7,279
25 years$45,633$34,784$26,172$19,472$14,351$6,290
26 years$43,410$32,692$24,273$17,804$12,927$5,438
27 years$41,355$30,767$22,540$16,297$11,655$4,705
28 years$39,449$28,991$20,954$14,931$10,517$4,072
29 years$37,679$27,350$19,499$13,692$9,496$3,525
30 years$36,030$25,829$18,163$12,566$8,580$3,054
31 years$34,490$24,417$16,933$11,541$7,757$2,646
32 years$33,049$23,104$15,799$10,606$7,017$2,293
33 years$31,698$21,879$14,751$9,753$6,351$1,987
34 years$30,430$20,737$13,783$8,974$5,750$1,723
35 years$29,236$19,669$12,886$8,261$5,208$1,494
36 years$28,112$18,668$12,054$7,608$4,718$1,296
37 years$27,050$17,731$11,283$7,010$4,277$1,124
38 years$26,047$16,850$10,566$6,461$3,877$975
39 years$25,098$16,023$9,899$5,958$3,516$846
40 years$24,199$15,245$9,278$5,495$3,189$734
41 years$23,345$14,511$8,700$5,070$2,893$637
42 years$22,535$13,820$8,161$4,679$2,625$552
43 years$21,764$13,168$7,658$4,319$2,383$479
44 years$21,030$12,552$7,188$3,988$2,163$416
45 years$20,331$11,969$6,750$3,683$1,963$361
46 years$19,664$11,418$6,339$3,402$1,783$313
47 years$19,028$10,896$5,956$3,143$1,619$272
48 years$18,419$10,402$5,597$2,904$1,470$236
49 years$17,838$9,933$5,261$2,684$1,335$205
50 years$17,281$9,489$4,946$2,481$1,213$178

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $17,700,000, adding $6,605 every year, while hoping to spend $38,663 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: 81/8/11 Blend
67$17,700,000$17,700,000$17,700,000$17,700,000
68$19,512,213$18,574,113$18,299,763$21,055,525
69$21,461,322$19,443,107$18,871,668$22,937,608
70$23,607,944$20,353,387$19,461,436$24,997,281
71$25,972,184$21,306,933$20,069,624$27,256,933
72$28,576,199$22,305,825$20,696,809$29,736,581
73$31,444,400$23,352,239$21,343,581$32,458,267
74$34,603,692$24,448,462$22,010,554$35,446,266
75$38,083,718$25,596,886$22,698,356$38,727,312
76$41,917,145$26,800,022$23,407,640$42,330,849
77$46,139,973$28,060,501$24,139,074$46,289,307
78$50,791,868$29,381,083$24,893,351$50,638,405
79$55,916,543$30,764,661$25,671,183$55,417,484
80$61,562,168$32,214,267$26,473,305$60,669,882
81$67,781,824$33,733,081$27,300,476$66,443,332
82$74,634,005$35,324,437$28,153,477$72,790,415
83$82,183,169$36,991,831$29,033,114$79,769,054
84$90,500,348$38,738,926$29,940,219$87,443,055
85$99,663,815$40,569,565$30,875,648$95,882,707
86$109,759,828$42,487,777$31,840,286$105,165,443
87$120,883,438$44,497,786$32,835,044$115,376,567
88$133,139,393$46,604,021$33,860,861$126,610,057
89$146,643,118$48,811,126$34,918,707$138,969,445
90$161,521,814$51,123,969$36,009,582$152,568,794
91$177,915,652$53,547,656$37,134,516$167,533,769
92$195,979,097$56,087,540$38,294,571$184,002,821
93$215,882,370$58,749,234$39,490,843$202,128,486
94$237,813,048$61,538,623$40,724,463$222,078,824
95$261,977,842$64,461,879$41,996,596$244,038,998
96$288,604,543$67,525,471$43,308,442$268,213,020
97$317,944,173$70,736,186$44,661,242$294,825,667
98$350,273,357$74,101,138$46,056,273$324,124,603
99$385,896,934$77,627,788$47,494,852$356,382,708
100$425,150,829$81,323,957$48,978,337$391,900,649