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

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,513,787
2 years$784,910$770,292$756,124$742,388$729,064$711,700
3 years$518,075$503,394$489,263$475,655$462,548$445,608
4 years$384,684$370,048$356,058$342,683$329,893$313,507
5 years$304,671$290,122$276,316$263,213$250,780$234,995
6 years$251,346$236,907$223,304$210,494$198,433$183,269
7 years$213,271$198,954$185,567$173,059$161,380$146,843
8 years$184,728$170,540$157,375$145,175$133,880$119,969
9 years$162,540$148,486$135,547$123,656$112,746$99,456
10 years$144,800$130,883$118,173$106,593$96,065$83,387
11 years$130,295$116,517$104,038$92,768$82,619$70,543
12 years$118,216$104,580$92,331$81,370$71,596$60,108
13 years$108,003$94,510$82,492$71,837$62,433$51,519
14 years$99,257$85,907$74,119$63,769$54,729$44,374
15 years$91,683$78,477$66,919$56,871$48,187$38,375
16 years$85,063$72,001$60,672$50,922$42,588$33,302
17 years$79,228$66,311$55,209$45,753$37,762$28,983
18 years$74,047$61,274$50,399$41,233$33,576$25,287
19 years$69,417$56,788$46,138$37,257$29,927$22,110
20 years$65,255$52,770$42,343$33,743$26,731$19,368
21 years$61,494$49,153$38,947$30,624$23,921$16,992
22 years$58,080$45,883$35,896$27,845$21,442$14,929
23 years$54,967$42,913$33,144$25,359$19,248$13,131
24 years$52,118$40,207$30,652$23,128$17,300$11,563
25 years$49,501$37,732$28,390$21,122$15,568$10,191
26 years$47,089$35,462$26,330$19,313$14,023$8,989
27 years$44,859$33,374$24,450$17,678$12,643$7,934
28 years$42,793$31,448$22,730$16,197$11,408$7,007
29 years$40,872$29,668$21,152$14,853$10,301$6,192
30 years$39,083$28,018$19,702$13,631$9,308$5,475
31 years$37,412$26,486$18,368$12,519$8,415$4,842
32 years$35,850$25,062$17,137$11,505$7,612$4,284
33 years$34,384$23,734$16,001$10,580$6,889$3,792
34 years$33,008$22,494$14,951$9,735$6,237$3,357
35 years$31,714$21,335$13,978$8,961$5,649$2,973
36 years$30,494$20,250$13,076$8,253$5,118$2,633
37 years$29,343$19,233$12,239$7,604$4,639$2,333
38 years$28,255$18,278$11,461$7,009$4,206$2,067
39 years$27,225$17,381$10,738$6,463$3,814$1,832
40 years$26,249$16,537$10,065$5,961$3,459$1,624
41 years$25,324$15,741$9,437$5,500$3,138$1,440
42 years$24,444$14,991$8,853$5,075$2,848$1,276
43 years$23,608$14,284$8,307$4,685$2,584$1,132
44 years$22,812$13,615$7,798$4,326$2,346$1,003
45 years$22,054$12,984$7,322$3,995$2,130$890
46 years$21,331$12,386$6,877$3,690$1,934$789
47 years$20,640$11,820$6,460$3,410$1,756$700
48 years$19,980$11,284$6,071$3,151$1,595$621
49 years$19,350$10,775$5,706$2,912$1,448$551
50 years$18,746$10,293$5,365$2,691$1,315$488

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 $5,422 every year, while hoping to spend $52,932 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: 34/37/29 Blend
67$19,200,000$19,200,000$19,200,000$19,200,000
68$21,163,993$20,146,393$19,848,793$21,697,775
69$23,266,401$21,077,247$20,457,408$23,033,080
70$25,581,480$22,051,939$21,084,638$24,466,903
71$28,130,868$23,072,560$21,731,050$26,012,095
72$30,938,406$24,141,305$22,397,229$27,678,617
73$34,030,365$25,260,471$23,083,779$29,477,385
74$37,435,697$26,432,468$23,791,319$31,420,368
75$41,186,300$27,659,821$24,520,491$33,520,689
76$45,317,328$28,945,177$25,271,952$35,792,746
77$49,867,516$30,291,312$26,046,384$38,252,333
78$54,879,550$31,701,134$26,844,485$40,916,781
79$60,400,466$33,177,692$27,666,977$43,805,114
80$66,482,097$34,724,182$28,514,604$46,938,216
81$73,181,558$36,343,954$29,388,131$50,339,018
82$80,561,791$38,040,522$30,288,347$54,032,701
83$88,692,152$39,817,566$31,216,065$58,046,927
84$97,649,072$41,678,947$32,172,124$62,412,079
85$107,516,773$43,628,710$33,157,385$67,161,545
86$118,388,065$45,671,098$34,172,739$72,332,012
87$130,365,223$47,810,558$35,219,101$77,963,800
88$143,560,951$50,051,750$36,297,416$84,101,231
89$158,099,445$52,399,563$37,408,657$90,793,026
90$174,117,567$54,859,120$38,553,825$98,092,754
91$191,766,134$57,435,793$39,733,954$106,059,318
92$211,211,346$60,135,212$40,950,107$114,757,495
93$232,636,348$62,963,283$42,203,381$124,258,525
94$256,242,967$65,926,195$43,494,905$134,640,771
95$282,253,608$69,030,437$44,825,844$145,990,430
96$310,913,362$72,282,814$46,197,395$158,402,335
97$342,492,311$75,690,459$47,610,794$171,980,818
98$377,288,086$79,260,850$49,067,315$186,840,680
99$415,628,669$83,001,830$50,568,268$203,108,247
100$457,875,493$86,921,620$52,115,005$220,922,537