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%17.6%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,483,808
2 years$784,910$770,292$756,124$742,388$729,064$681,897
3 years$518,075$503,394$489,263$475,655$462,548$416,920
4 years$384,684$370,048$356,058$342,683$329,893$286,154
5 years$304,671$290,122$276,316$263,213$250,780$209,047
6 years$251,346$236,907$223,304$210,494$198,433$158,743
7 years$213,271$198,954$185,567$173,059$161,380$123,730
8 years$184,728$170,540$157,375$145,175$133,880$98,246
9 years$162,540$148,486$135,547$123,656$112,746$79,090
10 years$144,800$130,883$118,173$106,593$96,065$64,337
11 years$130,295$116,517$104,038$92,768$82,619$52,763
12 years$118,216$104,580$92,331$81,370$71,596$43,550
13 years$108,003$94,510$82,492$71,837$62,433$36,130
14 years$99,257$85,907$74,119$63,769$54,729$30,100
15 years$91,683$78,477$66,919$56,871$48,187$25,161
16 years$85,063$72,001$60,672$50,922$42,588$21,091
17 years$79,228$66,311$55,209$45,753$37,762$17,721
18 years$74,047$61,274$50,399$41,233$33,576$14,917
19 years$69,417$56,788$46,138$37,257$29,927$12,577
20 years$65,255$52,770$42,343$33,743$26,731$10,618
21 years$61,494$49,153$38,947$30,624$23,921$8,975
22 years$58,080$45,883$35,896$27,845$21,442$7,592
23 years$54,967$42,913$33,144$25,359$19,248$6,428
24 years$52,118$40,207$30,652$23,128$17,300$5,446
25 years$49,501$37,732$28,390$21,122$15,568$4,617
26 years$47,089$35,462$26,330$19,313$14,023$3,915
27 years$44,859$33,374$24,450$17,678$12,643$3,322
28 years$42,793$31,448$22,730$16,197$11,408$2,819
29 years$40,872$29,668$21,152$14,853$10,301$2,394
30 years$39,083$28,018$19,702$13,631$9,308$2,033
31 years$37,412$26,486$18,368$12,519$8,415$1,726
32 years$35,850$25,062$17,137$11,505$7,612$1,467
33 years$34,384$23,734$16,001$10,580$6,889$1,246
34 years$33,008$22,494$14,951$9,735$6,237$1,059
35 years$31,714$21,335$13,978$8,961$5,649$900
36 years$30,494$20,250$13,076$8,253$5,118$765
37 years$29,343$19,233$12,239$7,604$4,639$650
38 years$28,255$18,278$11,461$7,009$4,206$552
39 years$27,225$17,381$10,738$6,463$3,814$470
40 years$26,249$16,537$10,065$5,961$3,459$399
41 years$25,324$15,741$9,437$5,500$3,138$339
42 years$24,444$14,991$8,853$5,075$2,848$289
43 years$23,608$14,284$8,307$4,685$2,584$245
44 years$22,812$13,615$7,798$4,326$2,346$209
45 years$22,054$12,984$7,322$3,995$2,130$177
46 years$21,331$12,386$6,877$3,690$1,934$151
47 years$20,640$11,820$6,460$3,410$1,756$128
48 years$19,980$11,284$6,071$3,151$1,595$109
49 years$19,350$10,775$5,706$2,912$1,448$93
50 years$18,746$10,293$5,365$2,691$1,315$79

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 $6,405 every year, while hoping to spend $51,675 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: 60/27/13 Blend
67$19,200,000$19,200,000$19,200,000$19,200,000
68$21,165,007$20,147,407$19,849,807$22,367,053
69$23,268,856$21,079,648$20,459,793$24,108,963
70$25,585,565$22,055,837$21,088,483$26,001,862
71$28,136,793$23,078,073$21,736,447$28,065,459
72$30,946,403$24,148,555$22,404,275$30,316,237
73$34,040,692$25,269,591$23,092,574$32,772,318
74$37,448,638$26,443,596$23,801,971$35,453,631
75$41,202,172$27,673,106$24,533,110$38,382,094
76$45,336,481$28,960,775$25,286,656$41,581,812
77$49,890,337$30,309,388$26,063,294$45,079,304
78$54,906,467$31,721,863$26,863,730$48,903,742
79$60,431,952$33,201,260$27,688,691$53,087,221
80$66,518,675$34,750,786$28,538,926$57,665,054
81$73,223,808$36,373,803$29,415,209$62,676,100
82$80,610,352$38,073,835$30,318,333$68,163,120
83$88,747,731$39,854,576$31,249,121$74,173,174
84$97,712,450$41,719,900$32,208,416$80,758,059
85$107,588,812$43,673,867$33,197,090$87,974,782
86$118,469,718$45,720,734$34,216,040$95,886,096
87$130,457,542$47,864,963$35,266,190$104,561,079
88$143,665,097$50,111,232$36,348,494$114,075,777
89$158,216,701$52,464,446$37,463,932$124,513,909
90$174,249,348$54,929,748$38,613,518$135,967,649
91$191,914,003$57,512,527$39,798,292$148,538,482
92$211,377,027$60,218,436$41,019,330$162,338,150
93$232,821,745$63,053,400$42,277,739$177,489,696
94$256,450,178$66,023,632$43,574,658$194,128,610
95$282,484,950$69,135,644$44,911,263$212,404,092
96$311,171,390$72,396,266$46,288,766$232,480,452
97$342,779,846$75,812,657$47,708,413$254,538,640
98$377,608,237$79,392,324$49,171,492$278,777,938
99$415,984,867$83,143,137$50,679,326$305,417,829
100$458,271,521$87,073,349$52,233,282$334,700,046