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%19.1%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,459,589
2 years$776,734$762,268$748,248$734,655$721,470$666,175
3 years$512,679$498,150$484,166$470,701$457,730$404,376
4 years$380,677$366,193$352,349$339,113$326,457$275,452
5 years$301,497$287,100$273,437$260,471$248,167$199,643
6 years$248,727$234,439$220,978$208,301$196,366$150,359
7 years$211,050$196,881$183,634$171,256$159,698$116,196
8 years$182,804$168,764$155,736$143,662$132,485$91,449
9 years$160,847$146,939$134,135$122,368$111,572$72,946
10 years$143,292$129,520$116,942$105,483$95,065$58,781
11 years$128,937$115,304$102,954$91,802$81,759$47,740
12 years$116,984$103,490$91,369$80,522$70,850$39,013
13 years$106,878$93,525$81,632$71,089$61,783$32,037
14 years$98,223$85,012$73,347$63,105$54,159$26,413
15 years$90,728$77,660$66,222$56,279$47,686$21,845
16 years$84,177$71,251$60,040$50,391$42,145$18,114
17 years$78,403$65,620$54,634$45,276$37,368$15,052
18 years$73,276$60,636$49,874$40,803$33,226$12,530
19 years$68,694$56,197$45,657$36,869$29,615$10,445
20 years$64,575$52,221$41,902$33,392$26,453$8,718
21 years$60,853$48,641$38,542$30,305$23,672$7,283
22 years$57,475$45,405$35,522$27,554$21,219$6,090
23 years$54,394$42,466$32,798$25,094$19,047$5,095
24 years$51,575$39,788$30,333$22,888$17,120$4,266
25 years$48,985$37,339$28,094$20,902$15,406$3,573
26 years$46,598$35,093$26,056$19,112$13,877$2,994
27 years$44,392$33,026$24,195$17,494$12,511$2,509
28 years$42,347$31,121$22,493$16,028$11,289$2,104
29 years$40,446$29,359$20,931$14,698$10,194$1,764
30 years$38,676$27,726$19,497$13,489$9,211$1,480
31 years$37,023$26,211$18,176$12,389$8,327$1,241
32 years$35,476$24,800$16,959$11,385$7,533$1,042
33 years$34,026$23,486$15,835$10,470$6,817$874
34 years$32,665$22,260$14,795$9,633$6,172$734
35 years$31,384$21,113$13,832$8,868$5,590$616
36 years$30,176$20,039$12,940$8,167$5,065$517
37 years$29,037$19,033$12,111$7,525$4,591$434
38 years$27,961$18,088$11,342$6,936$4,162$364
39 years$26,942$17,200$10,626$6,395$3,774$306
40 years$25,976$16,364$9,960$5,899$3,423$257
41 years$25,060$15,577$9,339$5,442$3,106$215
42 years$24,190$14,835$8,760$5,023$2,818$181
43 years$23,362$14,135$8,220$4,636$2,558$152
44 years$22,575$13,474$7,716$4,281$2,321$127
45 years$21,824$12,848$7,245$3,954$2,107$107
46 years$21,108$12,257$6,805$3,652$1,913$90
47 years$20,425$11,697$6,393$3,374$1,738$75
48 years$19,772$11,166$6,008$3,118$1,578$63
49 years$19,148$10,663$5,647$2,881$1,433$53
50 years$18,551$10,186$5,309$2,663$1,302$45

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 $3,814 every year, while hoping to spend $34,502 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: 74/7/19 Blend
67$19,000,000$19,000,000$19,000,000$19,000,000
68$20,941,934$19,934,934$19,640,434$22,397,909
69$23,041,302$20,875,036$20,261,679$24,304,389
70$25,353,648$21,860,047$20,902,579$26,388,340
71$27,900,661$22,892,130$21,563,756$28,671,098
72$30,706,239$23,973,555$22,245,853$31,172,445
73$33,796,717$25,106,701$22,949,530$33,914,160
74$37,201,115$26,294,061$23,675,472$36,920,228
75$40,951,411$27,538,252$24,424,382$40,217,055
76$45,082,844$28,842,016$25,196,988$43,833,723
77$49,634,246$30,208,227$25,994,040$47,802,257
78$54,648,410$31,639,901$26,816,311$52,157,926
79$60,172,490$33,140,198$27,664,599$56,939,574
80$66,258,448$34,712,433$28,539,728$62,189,980
81$72,963,549$36,360,080$29,442,548$67,956,263
82$80,350,891$38,086,785$30,373,934$74,290,320
83$88,490,012$39,896,368$31,334,791$81,249,314
84$97,457,539$41,792,835$32,326,051$88,896,211
85$107,337,911$43,780,387$33,348,678$97,300,369
86$118,224,183$45,863,431$34,403,663$106,538,187
87$130,218,895$48,046,584$35,492,031$116,693,828
88$143,435,046$50,334,691$36,614,838$127,860,004
89$157,997,161$52,732,831$37,773,175$140,138,847
90$174,042,461$55,246,329$38,968,166$153,642,872
91$191,722,164$57,880,771$40,200,971$168,496,032
92$211,202,908$60,642,013$41,472,788$184,834,883
93$232,668,329$63,536,195$42,784,850$202,809,868
94$256,320,788$66,569,759$44,138,432$222,586,734
95$282,383,288$69,749,456$45,534,849$244,348,088
96$311,101,572$73,082,368$46,975,455$268,295,116
97$342,746,450$76,575,922$48,461,651$294,649,477
98$377,616,350$80,237,904$49,994,878$323,655,389
99$416,040,137$84,076,480$51,576,625$355,581,928
100$458,380,218$88,100,215$53,208,429$390,725,559