Can I retire at age 68 with 18,100,000?

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 $18,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,409,573
2 years$739,941$726,160$712,805$699,855$687,295$653,488
3 years$488,394$474,554$461,232$448,404$436,048$403,236
4 years$362,645$348,847$335,659$323,050$310,993$279,430
5 years$287,216$273,501$260,485$248,133$236,412$206,185
6 years$236,946$223,334$210,510$198,434$187,065$158,205
7 years$201,052$187,555$174,935$163,144$152,134$124,646
8 years$174,145$160,770$148,359$136,857$126,210$100,083
9 years$153,228$139,979$127,782$116,572$106,287$81,501
10 years$136,504$123,384$111,403$100,486$90,562$67,089
11 years$122,830$109,842$98,077$87,453$77,886$55,694
12 years$111,443$98,588$87,041$76,708$67,494$46,547
13 years$101,815$89,095$77,765$67,722$58,856$39,114
14 years$93,570$80,985$69,873$60,116$51,593$33,015
15 years$86,431$73,981$63,086$53,613$45,427$27,969
16 years$80,190$67,876$57,196$48,004$40,148$23,766
17 years$74,689$62,512$52,046$43,132$35,598$20,246
18 years$69,805$57,763$47,512$38,870$31,652$17,284
19 years$65,440$53,535$43,495$35,123$28,212$14,782
20 years$61,516$49,747$39,917$31,810$25,200$12,661
21 years$57,971$46,337$36,716$28,870$22,551$10,859
22 years$54,752$43,254$33,840$26,249$20,214$9,323
23 years$51,818$40,455$31,245$23,906$18,145$8,012
24 years$49,132$37,903$28,896$21,803$16,309$6,891
25 years$46,665$35,571$26,764$19,912$14,676$5,931
26 years$44,391$33,431$24,822$18,207$13,219$5,108
27 years$42,289$31,462$23,049$16,665$11,918$4,401
28 years$40,341$29,647$21,427$15,269$10,754$3,793
29 years$38,530$27,968$19,940$14,002$9,711$3,271
30 years$36,844$26,413$18,573$12,850$8,774$2,822
31 years$35,269$24,969$17,315$11,802$7,933$2,434
32 years$33,796$23,626$16,156$10,846$7,176$2,101
33 years$32,414$22,374$15,085$9,974$6,494$1,814
34 years$31,117$21,205$14,094$9,177$5,880$1,566
35 years$29,897$20,113$13,177$8,448$5,325$1,352
36 years$28,747$19,090$12,327$7,780$4,825$1,168
37 years$27,662$18,131$11,538$7,168$4,373$1,008
38 years$26,636$17,231$10,805$6,607$3,965$871
39 years$25,665$16,385$10,123$6,092$3,595$752
40 years$24,746$15,589$9,488$5,619$3,261$650
41 years$23,873$14,839$8,897$5,184$2,959$562
42 years$23,044$14,133$8,345$4,785$2,685$485
43 years$22,256$13,465$7,831$4,417$2,436$419
44 years$21,505$12,835$7,351$4,078$2,212$362
45 years$20,790$12,240$6,902$3,766$2,008$313
46 years$20,109$11,676$6,483$3,479$1,823$271
47 years$19,458$11,143$6,090$3,214$1,655$234
48 years$18,836$10,637$5,723$2,970$1,503$202
49 years$18,241$10,158$5,379$2,745$1,365$175
50 years$17,672$9,703$5,058$2,537$1,240$151

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $18,100,000, adding $5,361 every year, while hoping to spend $51,208 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: 45/27/28 Blend
67$18,100,000$18,100,000$18,100,000$18,100,000
68$19,951,730$18,992,430$18,711,880$20,687,754
69$21,932,321$19,868,574$19,284,243$22,087,821
70$24,113,217$20,785,933$19,874,064$23,599,951
71$26,514,794$21,746,472$20,481,873$25,238,956
72$29,159,505$22,752,252$21,108,219$27,016,712
73$32,072,093$23,805,431$21,753,663$28,946,264
74$35,279,822$24,908,273$22,418,786$31,041,941
75$38,812,736$26,063,150$23,104,187$33,319,487
76$42,703,939$27,272,548$23,810,482$35,796,202
77$46,989,913$28,539,075$24,538,305$38,491,099
78$51,710,857$29,865,462$25,288,310$41,425,074
79$56,911,067$31,254,573$26,061,172$44,621,103
80$62,639,359$32,709,410$26,857,585$48,104,443
81$68,949,523$34,233,120$27,678,263$51,902,867
82$75,900,833$35,829,002$28,523,943$56,046,917
83$83,558,609$37,500,514$29,395,386$60,570,184
84$91,994,828$39,251,280$30,293,372$65,509,615
85$101,288,808$41,085,101$31,218,708$70,905,854
86$111,527,956$43,005,960$32,172,224$76,803,614
87$122,808,589$45,018,033$33,154,775$83,252,089
88$135,236,846$47,125,699$34,167,242$90,305,409
89$148,929,693$49,333,546$35,210,532$98,023,140
90$164,016,018$51,646,386$36,285,582$106,470,831
91$180,637,857$54,069,264$37,393,354$115,720,625
92$198,951,727$56,607,467$38,534,840$125,851,924
93$219,130,110$59,266,540$39,711,064$136,952,129
94$241,363,076$62,052,294$40,923,079$149,117,446
95$265,860,077$64,970,824$42,171,969$162,453,783
96$292,851,928$68,028,517$43,458,853$177,077,735
97$322,592,982$71,232,073$44,784,883$193,117,665
98$355,363,535$74,588,512$46,151,245$210,714,904
99$391,472,464$78,105,199$47,559,161$230,025,065
100$431,260,153$81,789,851$49,009,890$251,219,494