Can I retire at age 68 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,409,584
2 years$752,205$738,196$724,619$711,455$698,687$641,303
3 years$496,489$482,419$468,877$455,836$443,275$387,973
4 years$368,656$354,629$341,222$328,404$316,148$263,347
5 years$291,976$278,034$264,802$252,246$240,331$190,166
6 years$240,873$227,035$214,000$201,723$190,165$142,670
7 years$204,385$190,664$177,835$165,848$154,655$109,812
8 years$177,031$163,434$150,818$139,126$128,302$86,066
9 years$155,768$142,299$129,899$118,504$108,048$68,358
10 years$138,767$125,430$113,249$102,152$92,063$54,840
11 years$124,866$111,663$99,703$88,903$79,177$44,336
12 years$113,290$100,222$88,484$77,980$68,613$36,062
13 years$103,503$90,572$79,054$68,844$59,832$29,472
14 years$95,121$82,327$71,031$61,112$52,448$24,179
15 years$87,863$75,207$64,131$54,501$46,180$19,898
16 years$81,519$69,001$58,144$48,800$40,814$16,416
17 years$75,927$63,548$52,909$43,846$36,188$13,571
18 years$70,962$58,721$48,299$39,514$32,177$11,238
19 years$66,524$54,422$44,216$35,705$28,680$9,318
20 years$62,536$50,571$40,579$32,337$25,617$7,736
21 years$58,932$47,105$37,325$29,348$22,925$6,428
22 years$55,660$43,971$34,400$26,684$20,549$5,345
23 years$52,677$41,125$31,763$24,302$18,446$4,447
24 years$49,946$38,532$29,375$22,165$16,580$3,703
25 years$47,438$36,160$27,207$20,242$14,919$3,084
26 years$45,127$33,985$25,233$18,508$13,439$2,570
27 years$42,990$31,984$23,431$16,941$12,116$2,142
28 years$41,010$30,138$21,783$15,522$10,932$1,785
29 years$39,169$28,432$20,270$14,234$9,872$1,489
30 years$37,454$26,851$18,881$13,063$8,920$1,242
31 years$35,854$25,383$17,602$11,997$8,064$1,036
32 years$34,356$24,017$16,423$11,026$7,295$864
33 years$32,952$22,745$15,335$10,139$6,602$721
34 years$31,633$21,557$14,328$9,329$5,977$601
35 years$30,392$20,446$13,395$8,588$5,414$502
36 years$29,223$19,407$12,531$7,909$4,905$419
37 years$28,120$18,432$11,729$7,287$4,446$349
38 years$27,078$17,517$10,984$6,717$4,030$292
39 years$26,091$16,657$10,290$6,193$3,655$243
40 years$25,156$15,848$9,645$5,712$3,315$203
41 years$24,269$15,085$9,044$5,270$3,008$170
42 years$23,426$14,367$8,484$4,864$2,729$142
43 years$22,625$13,689$7,961$4,490$2,477$118
44 years$21,862$13,048$7,473$4,146$2,248$99
45 years$21,135$12,443$7,017$3,829$2,041$82
46 years$20,442$11,870$6,590$3,537$1,853$69
47 years$19,780$11,327$6,191$3,267$1,683$57
48 years$19,148$10,813$5,818$3,019$1,528$48
49 years$18,543$10,326$5,469$2,790$1,388$40
50 years$17,965$9,864$5,141$2,579$1,261$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $18,400,000, adding $4,637 every year, while hoping to spend $24,249 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: 57/33/10 Blend
67$18,400,000$18,400,000$18,400,000$18,400,000
68$20,281,583$19,306,383$19,021,183$21,388,432
69$22,324,504$20,226,595$19,632,592$23,055,786
70$24,574,990$21,191,085$20,263,670$24,868,569
71$27,054,187$22,201,996$20,915,051$26,843,184
72$29,785,397$23,261,577$21,587,389$28,995,116
73$32,794,299$24,372,186$22,281,358$31,341,378
74$36,109,189$25,536,295$22,997,655$33,900,673
75$39,761,249$26,756,496$23,736,999$36,693,559
76$43,784,840$28,035,507$24,500,132$39,742,639
77$48,217,827$29,376,181$25,287,820$43,072,763
78$53,101,938$30,781,506$26,100,854$46,711,257
79$58,483,153$32,254,617$26,940,050$50,688,175
80$64,412,144$33,798,803$27,806,251$55,036,570
81$70,944,749$35,417,510$28,700,327$59,792,800
82$78,142,501$37,114,356$29,623,175$64,996,861
83$86,073,206$38,893,130$30,575,722$70,692,753
84$94,811,590$40,757,809$31,558,925$76,928,888
85$104,439,994$42,712,564$32,573,771$83,758,536
86$115,049,160$44,761,767$33,621,280$91,240,314
87$126,739,085$46,910,004$34,702,503$99,438,730
88$139,619,961$49,162,084$35,818,526$108,424,778
89$153,813,222$51,523,051$36,970,472$118,276,596
90$169,452,685$53,998,194$38,159,496$129,080,191
91$186,685,813$56,593,060$39,386,794$140,930,235
92$205,675,113$59,313,467$40,653,599$153,930,947
93$226,599,663$62,165,515$41,961,182$168,197,054
94$249,656,806$65,155,602$43,310,859$183,854,869
95$275,064,012$68,290,440$44,703,986$201,043,455
96$303,060,934$71,577,063$46,141,962$219,915,928
97$333,911,664$75,022,854$47,626,232$240,640,880
98$367,907,232$78,635,552$49,158,289$263,403,952
99$405,368,350$82,423,274$50,739,672$288,409,566
100$446,648,441$86,394,534$52,371,970$315,882,831