Can I retire at age 68 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,480,866
2 years$776,734$762,268$748,248$734,655$721,470$687,177
3 years$512,679$498,150$484,166$470,701$457,730$424,436
4 years$380,677$366,193$352,349$339,113$326,457$294,417
5 years$301,497$287,100$273,437$260,471$248,167$217,472
6 years$248,727$234,439$220,978$208,301$196,366$167,048
7 years$211,050$196,881$183,634$171,256$159,698$131,762
8 years$182,804$168,764$155,736$143,662$132,485$105,920
9 years$160,847$146,939$134,135$122,368$111,572$86,358
10 years$143,292$129,520$116,942$105,483$95,065$71,175
11 years$128,937$115,304$102,954$91,802$81,759$59,161
12 years$116,984$103,490$91,369$80,522$70,850$49,510
13 years$106,878$93,525$81,632$71,089$61,783$41,659
14 years$98,223$85,012$73,347$63,105$54,159$35,211
15 years$90,728$77,660$66,222$56,279$47,686$29,871
16 years$84,177$71,251$60,040$50,391$42,145$25,418
17 years$78,403$65,620$54,634$45,276$37,368$21,685
18 years$73,276$60,636$49,874$40,803$33,226$18,540
19 years$68,694$56,197$45,657$36,869$29,615$15,880
20 years$64,575$52,221$41,902$33,392$26,453$13,622
21 years$60,853$48,641$38,542$30,305$23,672$11,701
22 years$57,475$45,405$35,522$27,554$21,219$10,062
23 years$54,394$42,466$32,798$25,094$19,047$8,661
24 years$51,575$39,788$30,333$22,888$17,120$7,461
25 years$48,985$37,339$28,094$20,902$15,406$6,431
26 years$46,598$35,093$26,056$19,112$13,877$5,547
27 years$44,392$33,026$24,195$17,494$12,511$4,787
28 years$42,347$31,121$22,493$16,028$11,289$4,133
29 years$40,446$29,359$20,931$14,698$10,194$3,570
30 years$38,676$27,726$19,497$13,489$9,211$3,085
31 years$37,023$26,211$18,176$12,389$8,327$2,666
32 years$35,476$24,800$16,959$11,385$7,533$2,304
33 years$34,026$23,486$15,835$10,470$6,817$1,992
34 years$32,665$22,260$14,795$9,633$6,172$1,723
35 years$31,384$21,113$13,832$8,868$5,590$1,490
36 years$30,176$20,039$12,940$8,167$5,065$1,289
37 years$29,037$19,033$12,111$7,525$4,591$1,115
38 years$27,961$18,088$11,342$6,936$4,162$965
39 years$26,942$17,200$10,626$6,395$3,774$835
40 years$25,976$16,364$9,960$5,899$3,423$723
41 years$25,060$15,577$9,339$5,442$3,106$625
42 years$24,190$14,835$8,760$5,023$2,818$541
43 years$23,362$14,135$8,220$4,636$2,558$468
44 years$22,575$13,474$7,716$4,281$2,321$406
45 years$21,824$12,848$7,245$3,954$2,107$351
46 years$21,108$12,257$6,805$3,652$1,913$304
47 years$20,425$11,697$6,393$3,374$1,738$263
48 years$19,772$11,166$6,008$3,118$1,578$228
49 years$19,148$10,663$5,647$2,881$1,433$197
50 years$18,551$10,186$5,309$2,663$1,302$171

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $19,000,000, adding $2,288 every year, while hoping to spend $25,118 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: 54/38/8 Blend
67$19,000,000$19,000,000$19,000,000$19,000,000
68$20,940,360$19,933,360$19,638,860$22,030,586
69$23,049,551$20,883,369$20,270,037$23,718,824
70$25,373,038$21,879,087$20,921,516$25,552,326
71$27,932,653$22,922,727$21,593,951$27,547,180
72$30,752,452$24,016,609$22,288,017$29,718,684
73$33,858,947$25,163,168$23,004,410$32,083,640
74$37,281,351$26,364,955$23,743,850$34,660,510
75$41,051,858$27,624,646$24,507,077$37,469,580
76$45,205,942$28,945,049$25,294,859$40,533,142
77$49,782,697$30,329,105$26,107,985$43,875,699
78$54,825,202$31,779,901$26,947,273$47,524,184
79$60,380,929$33,300,673$27,813,563$51,508,206
80$66,502,193$34,894,814$28,707,726$55,860,322
81$73,246,641$36,565,885$29,630,660$60,616,329
82$80,677,802$38,317,617$30,583,291$65,815,596
83$88,865,681$40,153,924$31,566,574$71,501,422
84$97,887,424$42,078,910$32,581,498$77,721,432
85$107,828,045$44,096,880$33,629,082$84,528,017
86$118,781,226$46,212,347$34,710,377$91,978,810
87$130,850,206$48,430,047$35,826,469$100,137,225
88$144,148,750$50,754,942$36,978,478$109,073,033
89$158,802,228$53,192,240$38,167,563$118,863,010
90$174,948,795$55,747,400$39,394,917$129,591,644
91$192,740,698$58,426,148$40,661,772$141,351,919
92$212,345,709$61,234,489$41,969,401$154,246,172
93$233,948,713$64,178,721$43,319,118$168,387,043
94$257,753,451$67,265,448$44,712,278$183,898,520
95$283,984,445$70,501,596$46,150,281$200,917,087
96$312,889,115$73,894,431$47,634,572$219,592,995
97$344,740,116$77,451,569$49,166,641$240,091,655
98$379,837,913$81,181,001$50,748,029$262,595,181
99$418,513,616$85,091,106$52,380,324$287,304,080
100$461,132,106$89,190,672$54,065,166$314,439,126