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%11.6%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,512,828
2 years$780,822$766,280$752,186$738,521$725,267$714,947
3 years$515,377$500,772$486,714$473,178$460,139$450,051
4 years$382,681$368,121$354,203$340,898$328,175$318,397
5 years$303,084$288,611$274,876$261,842$249,474$240,034
6 years$250,036$235,673$222,141$209,397$197,400$188,312
7 years$212,160$197,918$184,600$172,157$160,539$151,806
8 years$183,766$169,652$156,556$144,418$133,183$124,805
9 years$161,694$147,712$134,841$123,012$112,159$104,134
10 years$144,046$130,201$117,558$106,038$95,565$87,889
11 years$129,616$115,911$103,496$92,285$82,189$74,857
12 years$117,600$104,035$91,850$80,946$71,223$64,228
13 years$107,440$94,017$82,062$71,463$62,108$55,443
14 years$98,740$85,459$73,733$63,437$54,444$48,101
15 years$91,206$78,068$66,571$56,575$47,936$41,907
16 years$84,620$71,626$60,356$50,657$42,366$36,642
17 years$78,815$65,965$54,922$45,515$37,565$32,136
18 years$73,661$60,955$50,137$41,018$33,401$28,257
19 years$69,055$56,492$45,898$37,063$29,771$24,903
20 years$64,915$52,495$42,123$33,568$26,592$21,991
21 years$61,174$48,897$38,745$30,465$23,797$19,451
22 years$57,777$45,644$35,709$27,700$21,331$17,231
23 years$54,681$42,690$32,971$25,226$19,148$15,284
24 years$51,846$39,998$30,493$23,008$17,210$13,573
25 years$49,243$37,536$28,242$21,012$15,487$12,065
26 years$46,843$35,278$26,193$19,213$13,950$10,734
27 years$44,626$33,200$24,323$17,586$12,577$9,558
28 years$42,570$31,284$22,611$16,112$11,348$8,516
29 years$40,659$29,513$21,042$14,775$10,247$7,592
30 years$38,879$27,872$19,600$13,560$9,259$6,773
31 years$37,218$26,348$18,272$12,454$8,371$6,045
32 years$35,663$24,931$17,048$11,445$7,572$5,397
33 years$34,205$23,610$15,918$10,525$6,853$4,821
34 years$32,836$22,377$14,873$9,684$6,205$4,307
35 years$31,549$21,224$13,905$8,915$5,620$3,850
36 years$30,335$20,145$13,008$8,210$5,092$3,442
37 years$29,190$19,133$12,175$7,564$4,615$3,078
38 years$28,108$18,183$11,401$6,972$4,184$2,753
39 years$27,083$17,290$10,682$6,429$3,794$2,463
40 years$26,113$16,450$10,012$5,930$3,441$2,203
41 years$25,192$15,659$9,388$5,471$3,122$1,972
42 years$24,317$14,913$8,806$5,049$2,833$1,765
43 years$23,485$14,209$8,264$4,661$2,571$1,580
44 years$22,694$13,545$7,757$4,303$2,334$1,414
45 years$21,939$12,916$7,283$3,974$2,119$1,266
46 years$21,220$12,321$6,841$3,671$1,924$1,134
47 years$20,533$11,758$6,427$3,392$1,747$1,015
48 years$19,876$11,225$6,039$3,134$1,586$909
49 years$19,249$10,719$5,677$2,896$1,441$814
50 years$18,648$10,239$5,337$2,677$1,309$729

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 $2,126 every year, while hoping to spend $52,238 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: 41/37/22 Blend
67$19,100,000$19,100,000$19,100,000$19,100,000
68$21,050,393$20,038,093$19,742,043$21,776,974
69$23,141,952$20,964,379$20,347,821$23,223,127
70$25,445,100$21,934,302$20,972,141$24,782,261
71$27,981,362$22,949,945$21,615,570$26,468,815
72$30,774,461$24,013,492$22,278,691$28,294,486
73$33,850,534$25,127,231$22,962,106$30,272,110
74$37,238,384$26,293,561$23,666,432$32,415,773
75$40,969,751$27,514,997$24,392,309$34,740,935
76$45,079,609$28,794,175$25,140,394$37,264,572
77$49,606,496$30,133,857$25,911,365$40,005,323
78$54,592,882$31,536,939$26,705,919$42,983,660
79$60,085,565$33,006,459$27,524,776$46,222,068
80$66,136,115$34,545,597$28,368,678$49,745,251
81$72,801,357$36,157,690$29,238,388$53,580,354
82$80,143,915$37,846,235$30,134,693$57,757,208
83$88,232,792$39,614,900$31,058,403$62,308,597
84$97,144,033$41,467,526$32,010,356$67,270,560
85$106,961,433$43,408,142$32,991,411$72,682,720
86$117,777,331$45,440,974$34,002,455$78,588,636
87$129,693,485$47,570,447$35,044,404$85,036,213
88$142,822,026$49,801,206$36,118,197$92,078,130
89$157,286,523$52,138,115$37,224,807$99,772,325
90$173,223,143$54,586,277$38,365,233$108,182,532
91$190,781,941$57,151,041$39,540,505$117,378,857
92$210,128,271$59,838,015$40,751,685$127,438,431
93$231,444,355$62,653,078$41,999,866$138,446,113
94$254,930,993$65,602,393$43,286,176$150,495,280
95$280,809,467$68,692,423$44,611,775$163,688,683
96$309,323,624$71,929,943$45,977,861$178,139,399
97$340,742,181$75,322,057$47,385,666$193,971,877
98$375,361,257$78,876,211$48,836,460$211,323,091
99$413,507,176$82,600,216$50,331,552$230,343,806
100$455,539,539$86,502,258$51,872,290$251,199,985