Can I retire at age 68 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,474,273
2 years$772,646$758,256$744,310$730,788$717,673$684,753
3 years$509,981$495,529$481,618$468,223$455,321$423,349
4 years$378,674$364,266$350,494$337,328$324,739$293,960
5 years$299,910$285,589$271,998$259,101$246,861$217,363
6 years$247,418$233,205$219,815$207,205$195,333$167,146
7 years$209,939$195,845$182,667$170,354$158,858$131,988
8 years$181,842$167,875$154,916$142,906$131,788$106,225
9 years$160,000$146,166$133,429$121,724$110,985$86,711
10 years$142,537$128,838$116,327$104,928$94,564$71,554
11 years$128,259$114,697$102,412$91,318$81,329$59,552
12 years$116,368$102,946$90,888$80,099$70,478$49,902
13 years$106,315$93,033$81,203$70,715$61,458$42,046
14 years$97,706$84,564$72,961$62,773$53,874$35,586
15 years$90,251$77,251$65,874$55,982$47,435$30,231
16 years$83,734$70,876$59,724$50,126$41,923$25,761
17 years$77,990$65,274$54,347$45,038$37,172$22,009
18 years$72,890$60,317$49,612$40,588$33,051$18,845
19 years$68,332$55,901$45,417$36,675$29,459$16,165
20 years$64,235$51,946$41,681$33,216$26,314$13,888
21 years$60,533$48,385$38,339$30,146$23,548$11,947
22 years$57,172$45,166$35,335$27,409$21,107$10,290
23 years$54,108$42,243$32,626$24,962$18,947$8,870
24 years$51,303$39,579$30,173$22,767$17,030$7,653
25 years$48,727$37,143$27,947$20,792$15,324$6,608
26 years$46,353$34,908$25,919$19,011$13,804$5,709
27 years$44,158$32,853$24,068$17,402$12,445$4,935
28 years$42,124$30,957$22,374$15,944$11,230$4,268
29 years$40,233$29,204$20,821$14,621$10,140$3,692
30 years$38,472$27,580$19,394$13,418$9,162$3,195
31 years$36,828$26,073$18,081$12,323$8,283$2,766
32 years$35,289$24,670$16,870$11,326$7,493$2,395
33 years$33,847$23,363$15,751$10,415$6,781$2,074
34 years$32,493$22,143$14,717$9,582$6,140$1,797
35 years$31,218$21,002$13,759$8,821$5,561$1,557
36 years$30,018$19,934$12,872$8,124$5,038$1,349
37 years$28,884$18,933$12,048$7,485$4,566$1,169
38 years$27,813$17,993$11,282$6,899$4,140$1,013
39 years$26,800$17,109$10,570$6,362$3,754$878
40 years$25,839$16,278$9,907$5,868$3,405$761
41 years$24,928$15,495$9,290$5,414$3,089$660
42 years$24,062$14,757$8,714$4,996$2,803$572
43 years$23,239$14,061$8,177$4,612$2,544$496
44 years$22,456$13,403$7,676$4,258$2,309$430
45 years$21,709$12,781$7,207$3,933$2,096$373
46 years$20,997$12,192$6,769$3,633$1,903$323
47 years$20,318$11,635$6,360$3,356$1,728$280
48 years$19,668$11,107$5,976$3,101$1,570$243
49 years$19,047$10,607$5,617$2,866$1,426$211
50 years$18,453$10,132$5,281$2,649$1,295$183

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $18,900,000, adding $5,185 every year, while hoping to spend $44,476 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: 69/5/26 Blend
67$18,900,000$18,900,000$18,900,000$18,900,000
68$20,833,148$19,831,448$19,538,498$22,131,023
69$22,910,807$20,755,867$20,145,716$23,926,779
70$25,198,897$21,724,092$20,771,785$25,885,732
71$27,718,834$22,738,222$21,417,289$28,028,612
72$30,494,219$23,800,459$22,082,832$30,373,641
73$33,551,057$24,913,109$22,769,034$32,940,880
74$36,918,004$26,078,591$23,476,537$35,752,420
75$40,626,640$27,299,441$24,206,000$38,832,583
76$44,711,761$28,578,318$24,958,105$42,208,149
77$49,211,713$29,918,007$25,733,554$45,908,610
78$54,168,749$31,321,431$26,533,069$49,966,444
79$59,629,432$32,791,652$27,357,398$54,417,418
80$65,645,072$34,331,881$28,207,308$59,300,921
81$72,272,211$35,945,484$29,083,595$64,660,336
82$79,573,155$37,635,992$29,987,074$70,543,445
83$87,616,565$39,407,103$30,918,588$77,002,877
84$96,478,101$41,262,698$31,879,008$84,096,600
85$106,241,140$43,206,843$32,869,228$91,888,465
86$116,997,561$45,243,803$33,890,171$100,448,809
87$128,848,612$47,378,048$34,942,791$109,855,107
88$141,905,864$49,614,267$36,028,069$120,192,707
89$156,292,269$51,957,373$37,147,016$131,555,629
90$172,143,316$54,412,519$38,300,676$144,047,447
91$189,608,310$56,985,108$39,490,125$157,782,261
92$208,851,784$59,680,805$40,716,470$172,885,775
93$230,055,051$62,505,550$41,980,857$189,496,474
94$253,417,913$65,465,568$43,284,463$207,766,928
95$279,160,550$68,567,391$44,628,502$227,865,226
96$307,525,598$71,817,865$46,014,229$249,976,559
97$338,780,437$75,224,168$47,442,933$274,304,962
98$373,219,716$78,793,828$48,915,946$301,075,233
99$411,168,139$82,534,736$50,434,642$330,535,053
100$452,983,520$86,455,170$52,000,434$362,957,311