Can I retire at age 68 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,468,382
2 years$756,293$742,208$728,557$715,322$702,484$695,586
3 years$499,187$485,041$471,425$458,314$445,685$438,936
4 years$370,659$356,557$343,077$330,189$317,866$311,319
5 years$293,563$279,545$266,242$253,617$241,637$235,310
6 years$242,182$228,269$215,163$202,820$191,199$185,101
7 years$205,496$191,700$178,801$166,749$155,496$149,630
8 years$177,994$164,322$151,638$139,882$128,999$123,365
9 years$156,614$143,072$130,605$119,148$108,636$103,233
10 years$139,521$126,111$113,865$102,707$92,563$87,389
11 years$125,544$112,269$100,245$89,386$79,607$74,659
12 years$113,906$100,767$88,965$78,403$68,986$64,259
13 years$104,065$91,064$79,484$69,218$60,157$55,647
14 years$95,638$82,775$71,417$61,444$52,733$48,435
15 years$88,341$75,616$64,480$54,798$46,431$42,339
16 years$81,962$69,376$58,460$49,065$41,036$37,145
17 years$76,340$63,893$53,197$44,085$36,385$32,689
18 years$71,347$59,040$48,562$39,729$32,352$28,845
19 years$66,886$54,718$44,456$35,899$28,836$25,512
20 years$62,876$50,846$40,799$32,513$25,757$22,610
21 years$59,252$47,361$37,528$29,508$23,049$20,073
22 years$55,962$44,210$34,587$26,829$20,660$17,848
23 years$52,963$41,349$31,935$24,434$18,546$15,891
24 years$50,218$38,741$29,535$22,285$16,670$14,165
25 years$47,696$36,357$27,355$20,352$15,000$12,640
26 years$45,372$34,169$25,371$18,609$13,512$11,290
27 years$43,224$32,157$23,559$17,033$12,182$10,092
28 years$41,232$30,302$21,901$15,606$10,992$9,028
29 years$39,382$28,586$20,381$14,311$9,925$8,081
30 years$37,658$26,997$18,984$13,134$8,968$7,238
31 years$36,048$25,521$17,698$12,063$8,108$6,486
32 years$34,543$24,148$16,513$11,086$7,334$5,815
33 years$33,131$22,868$15,418$10,194$6,638$5,215
34 years$31,805$21,674$14,406$9,380$6,010$4,679
35 years$30,558$20,557$13,468$8,635$5,443$4,200
36 years$29,382$19,512$12,599$7,952$4,932$3,770
37 years$28,273$18,532$11,793$7,327$4,470$3,386
38 years$27,225$17,612$11,043$6,753$4,052$3,041
39 years$26,233$16,747$10,346$6,227$3,675$2,732
40 years$25,292$15,934$9,698$5,743$3,333$2,455
41 years$24,400$15,167$9,093$5,299$3,024$2,207
42 years$23,553$14,445$8,530$4,890$2,744$1,983
43 years$22,748$13,763$8,004$4,514$2,490$1,783
44 years$21,981$13,119$7,513$4,168$2,260$1,603
45 years$21,250$12,510$7,055$3,850$2,052$1,442
46 years$20,553$11,934$6,626$3,556$1,863$1,296
47 years$19,888$11,389$6,225$3,285$1,692$1,166
48 years$19,252$10,872$5,850$3,036$1,536$1,049
49 years$18,644$10,382$5,498$2,805$1,395$943
50 years$18,062$9,918$5,169$2,593$1,267$849

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $18,500,000, adding $3,310 every year, while hoping to spend $46,045 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: 67/9/24 Blend
67$18,500,000$18,500,000$18,500,000$18,500,000
68$20,390,414$19,409,914$19,123,164$21,630,582
69$22,421,245$20,312,009$19,714,799$23,366,175
70$24,657,677$21,256,762$20,324,710$25,258,024
71$27,120,634$22,246,217$20,953,461$27,326,022
72$29,833,170$23,282,513$21,601,633$29,587,538
73$32,820,691$24,367,894$22,269,826$32,061,690
74$36,111,192$25,504,711$22,958,655$34,769,524
75$39,735,522$26,695,431$23,668,759$37,734,207
76$43,727,675$27,942,636$24,400,792$40,981,246
77$48,125,110$29,249,038$25,155,431$44,538,721
78$52,969,106$30,617,475$25,933,372$48,437,551
79$58,305,149$32,050,926$26,735,335$52,711,781
80$64,183,364$33,552,511$27,562,058$57,398,898
81$70,658,986$35,125,504$28,414,307$62,540,182
82$77,792,883$36,773,333$29,292,866$68,181,094
83$85,652,128$38,499,597$30,198,548$74,371,697
84$94,310,633$40,308,066$31,132,187$81,167,128
85$103,849,849$42,202,692$32,094,647$88,628,111
86$114,359,530$44,187,620$33,086,814$96,821,528
87$125,938,583$46,267,195$34,109,603$105,821,043
88$138,696,004$48,445,973$35,163,960$115,707,795
89$152,751,899$50,728,728$36,250,855$126,571,158
90$168,238,625$53,120,469$37,371,292$138,509,577
91$185,302,038$55,626,445$38,526,303$151,631,495
92$204,102,866$58,252,161$39,716,954$166,056,368
93$224,818,229$61,003,387$40,944,343$181,915,788
94$247,643,311$63,886,175$42,209,601$199,354,719
95$272,793,199$66,906,869$43,513,893$218,532,859
96$300,504,920$70,072,120$44,858,423$239,626,139
97$331,039,672$73,388,903$46,244,430$262,828,378
98$364,685,290$76,864,531$47,673,190$288,353,105
99$401,758,967$80,506,671$49,146,020$316,435,566
100$442,610,247$84,323,363$50,664,277$347,334,938