Can I retire at age 68 with 19,100,000?

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 $19,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,464,946
2 years$780,822$766,280$752,186$738,521$725,267$667,401
3 years$515,377$500,772$486,714$473,178$460,139$404,343
4 years$382,681$368,121$354,203$340,898$328,175$274,874
5 years$303,084$288,611$274,876$261,842$249,474$198,805
6 years$250,036$235,673$222,141$209,397$197,400$149,398
7 years$212,160$197,918$184,600$172,157$160,539$115,189
8 years$183,766$169,652$156,556$144,418$133,183$90,441
9 years$161,694$147,712$134,841$123,012$112,159$71,965
10 years$144,046$130,201$117,558$106,038$95,565$57,844
11 years$129,616$115,911$103,496$92,285$82,189$46,857
12 years$117,600$104,035$91,850$80,946$71,223$38,189
13 years$107,440$94,017$82,062$71,463$62,108$31,275
14 years$98,740$85,459$73,733$63,437$54,444$25,712
15 years$91,206$78,068$66,571$56,575$47,936$21,205
16 years$84,620$71,626$60,356$50,657$42,366$17,532
17 years$78,815$65,965$54,922$45,515$37,565$14,526
18 years$73,661$60,955$50,137$41,018$33,401$12,056
19 years$69,055$56,492$45,898$37,063$29,771$10,019
20 years$64,915$52,495$42,123$33,568$26,592$8,337
21 years$61,174$48,897$38,745$30,465$23,797$6,943
22 years$57,777$45,644$35,709$27,700$21,331$5,787
23 years$54,681$42,690$32,971$25,226$19,148$4,827
24 years$51,846$39,998$30,493$23,008$17,210$4,028
25 years$49,243$37,536$28,242$21,012$15,487$3,363
26 years$46,843$35,278$26,193$19,213$13,950$2,809
27 years$44,626$33,200$24,323$17,586$12,577$2,347
28 years$42,570$31,284$22,611$16,112$11,348$1,961
29 years$40,659$29,513$21,042$14,775$10,247$1,639
30 years$38,879$27,872$19,600$13,560$9,259$1,371
31 years$37,218$26,348$18,272$12,454$8,371$1,146
32 years$35,663$24,931$17,048$11,445$7,572$958
33 years$34,205$23,610$15,918$10,525$6,853$802
34 years$32,836$22,377$14,873$9,684$6,205$670
35 years$31,549$21,224$13,905$8,915$5,620$561
36 years$30,335$20,145$13,008$8,210$5,092$469
37 years$29,190$19,133$12,175$7,564$4,615$393
38 years$28,108$18,183$11,401$6,972$4,184$328
39 years$27,083$17,290$10,682$6,429$3,794$275
40 years$26,113$16,450$10,012$5,930$3,441$230
41 years$25,192$15,659$9,388$5,471$3,122$192
42 years$24,317$14,913$8,806$5,049$2,833$161
43 years$23,485$14,209$8,264$4,661$2,571$135
44 years$22,694$13,545$7,757$4,303$2,334$113
45 years$21,939$12,916$7,283$3,974$2,119$94
46 years$21,220$12,321$6,841$3,671$1,924$79
47 years$20,533$11,758$6,427$3,392$1,747$66
48 years$19,876$11,225$6,039$3,134$1,586$55
49 years$19,249$10,719$5,677$2,896$1,441$46
50 years$18,648$10,239$5,337$2,677$1,309$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $19,100,000, adding $6,561 every year, while hoping to spend $37,226 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: 74/5/21 Blend
67$19,100,000$19,100,000$19,100,000$19,100,000
68$21,054,968$20,042,668$19,746,618$22,506,275
69$23,162,966$20,985,150$20,368,521$24,413,654
70$25,484,733$21,972,567$21,010,011$26,498,130
71$28,042,033$23,007,080$21,671,703$28,781,537
72$30,858,850$24,090,956$22,354,235$31,283,690
73$33,961,613$25,226,574$23,058,262$34,026,410
74$37,379,446$26,416,424$23,784,462$37,033,722
75$41,144,440$27,663,119$24,533,533$40,332,087
76$45,291,961$28,969,400$25,306,194$43,950,645
77$49,860,979$30,338,139$26,103,190$47,921,485
78$54,894,438$31,772,347$26,925,286$52,279,954
79$60,439,660$33,275,182$27,773,272$57,064,979
80$66,548,794$34,849,954$28,647,965$62,319,435
81$73,279,304$36,500,135$29,550,205$68,090,551
82$80,694,516$38,229,365$30,480,860$74,430,344
83$88,864,213$40,041,459$31,440,825$81,396,118
84$97,865,293$41,940,421$32,431,023$89,050,990
85$107,782,496$43,930,445$33,452,405$97,464,492
86$118,709,204$46,015,930$34,505,955$106,713,219
87$130,748,323$48,201,491$35,592,684$116,881,550
88$144,013,252$50,491,964$36,713,639$128,062,441
89$158,628,954$52,892,421$37,869,896$140,358,298
90$174,733,138$55,408,180$39,062,569$153,881,938
91$192,477,556$58,044,818$40,292,802$168,757,654
92$212,029,436$60,808,183$41,561,780$185,122,382
93$233,573,061$63,704,407$42,870,723$203,126,987
94$257,311,510$66,739,920$44,220,889$222,937,687
95$283,468,571$69,921,464$45,613,576$244,737,611
96$312,290,858$73,256,108$47,050,124$268,728,531
97$344,050,137$76,751,268$48,531,913$295,132,753
98$379,045,888$80,414,718$50,060,370$324,195,217
99$417,608,139$84,254,609$51,636,963$356,185,800
100$460,100,576$88,279,492$53,263,208$391,401,859