Can I retire at age 68 with 19,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,477,300
2 years$784,910$770,292$756,124$742,388$729,064$675,492
3 years$518,075$503,394$489,263$475,655$462,548$410,821
4 years$384,684$370,048$356,058$342,683$329,893$280,407
5 years$304,671$290,122$276,316$263,213$250,780$203,664
6 years$251,346$236,907$223,304$210,494$198,433$153,725
7 years$213,271$198,954$185,567$173,059$161,380$119,069
8 years$184,728$170,540$157,375$145,175$133,880$93,933
9 years$162,540$148,486$135,547$123,656$112,746$75,111
10 years$144,800$130,883$118,173$106,593$96,065$60,679
11 years$130,295$116,517$104,038$92,768$82,619$49,410
12 years$118,216$104,580$92,331$81,370$71,596$40,485
13 years$108,003$94,510$82,492$71,837$62,433$33,337
14 years$99,257$85,907$74,119$63,769$54,729$27,561
15 years$91,683$78,477$66,919$56,871$48,187$22,860
16 years$85,063$72,001$60,672$50,922$42,588$19,011
17 years$79,228$66,311$55,209$45,753$37,762$15,844
18 years$74,047$61,274$50,399$41,233$33,576$13,229
19 years$69,417$56,788$46,138$37,257$29,927$11,061
20 years$65,255$52,770$42,343$33,743$26,731$9,260
21 years$61,494$49,153$38,947$30,624$23,921$7,760
22 years$58,080$45,883$35,896$27,845$21,442$6,509
23 years$54,967$42,913$33,144$25,359$19,248$5,463
24 years$52,118$40,207$30,652$23,128$17,300$4,588
25 years$49,501$37,732$28,390$21,122$15,568$3,855
26 years$47,089$35,462$26,330$19,313$14,023$3,241
27 years$44,859$33,374$24,450$17,678$12,643$2,725
28 years$42,793$31,448$22,730$16,197$11,408$2,292
29 years$40,872$29,668$21,152$14,853$10,301$1,929
30 years$39,083$28,018$19,702$13,631$9,308$1,623
31 years$37,412$26,486$18,368$12,519$8,415$1,366
32 years$35,850$25,062$17,137$11,505$7,612$1,150
33 years$34,384$23,734$16,001$10,580$6,889$968
34 years$33,008$22,494$14,951$9,735$6,237$815
35 years$31,714$21,335$13,978$8,961$5,649$686
36 years$30,494$20,250$13,076$8,253$5,118$578
37 years$29,343$19,233$12,239$7,604$4,639$487
38 years$28,255$18,278$11,461$7,009$4,206$410
39 years$27,225$17,381$10,738$6,463$3,814$345
40 years$26,249$16,537$10,065$5,961$3,459$291
41 years$25,324$15,741$9,437$5,500$3,138$245
42 years$24,444$14,991$8,853$5,075$2,848$206
43 years$23,608$14,284$8,307$4,685$2,584$174
44 years$22,812$13,615$7,798$4,326$2,346$146
45 years$22,054$12,984$7,322$3,995$2,130$123
46 years$21,331$12,386$6,877$3,690$1,934$104
47 years$20,640$11,820$6,460$3,410$1,756$88
48 years$19,980$11,284$6,071$3,151$1,595$74
49 years$19,350$10,775$5,706$2,912$1,448$62
50 years$18,746$10,293$5,365$2,691$1,315$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $19,200,000, adding $4,477 every year, while hoping to spend $22,520 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: 40/33/27 Blend
67$19,200,000$19,200,000$19,200,000$19,200,000
68$21,163,018$20,145,418$19,847,818$21,840,527
69$23,297,685$21,108,582$20,488,759$23,295,645
70$25,649,333$22,118,187$21,150,416$24,866,428
71$28,240,070$23,176,484$21,833,461$26,565,427
72$31,094,260$24,285,834$22,538,584$28,404,392
73$34,238,749$25,448,714$23,266,501$30,396,213
74$37,703,121$26,667,721$24,017,948$32,555,036
75$41,519,977$27,945,577$24,793,688$34,896,386
76$45,725,244$29,285,140$25,594,506$37,437,308
77$50,358,510$30,689,403$26,421,213$40,196,516
78$55,463,402$32,161,508$27,274,648$43,194,562
79$61,087,995$33,704,748$28,155,675$46,454,018
80$67,285,268$35,322,577$29,065,187$49,999,683
81$74,113,601$37,018,619$30,004,106$53,858,801
82$81,637,328$38,796,672$30,973,384$58,061,313
83$89,927,346$40,660,719$31,974,003$62,640,123
84$99,061,781$42,614,940$33,006,977$67,631,398
85$109,126,727$44,663,716$34,073,355$73,074,897
86$120,217,057$46,811,642$35,174,216$79,014,334
87$132,437,322$49,063,537$36,310,677$85,497,774
88$145,902,735$51,424,457$37,483,891$92,578,074
89$160,740,259$53,899,701$38,695,047$100,313,366
90$177,089,808$56,494,828$39,945,373$108,767,592
91$195,105,562$59,215,669$41,236,138$118,011,088
92$214,957,431$62,068,338$42,568,649$128,121,229
93$236,832,649$65,059,247$43,944,260$139,183,147
94$260,937,552$68,195,122$45,364,365$151,290,512
95$287,499,515$71,483,016$46,830,404$164,546,395
96$316,769,108$74,930,327$48,343,865$179,064,222
97$349,022,456$78,544,811$49,906,283$194,968,824
98$384,563,846$82,334,607$51,519,244$212,397,590
99$423,728,603$86,308,248$53,184,383$231,501,741
100$466,886,252$90,474,683$54,903,391$252,447,735