Can I retire at age 68 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,520,408
2 years$788,998$774,304$760,063$746,255$732,861$714,142
3 years$520,774$506,016$491,811$478,133$464,957$446,700
4 years$386,688$371,975$357,912$344,468$331,612$313,958
5 years$306,257$291,633$277,755$264,584$252,086$235,087
6 years$252,655$238,140$224,467$211,590$199,467$183,144
7 years$214,382$199,990$186,533$173,960$162,220$146,579
8 years$185,691$171,428$158,195$145,931$134,577$119,616
9 years$163,387$149,259$136,253$124,301$113,333$99,047
10 years$145,554$131,565$118,789$107,148$96,566$82,944
11 years$130,973$117,124$104,580$93,251$83,050$70,080
12 years$118,831$105,124$92,812$81,794$71,969$59,638
13 years$108,565$95,002$82,921$72,212$62,759$51,050
14 years$99,774$86,354$74,505$64,101$55,014$43,911
15 years$92,161$78,886$67,268$57,167$48,438$37,924
16 years$85,506$72,376$60,988$51,187$42,810$32,864
17 years$79,641$66,656$55,497$45,991$37,958$28,563
18 years$74,433$61,593$50,662$41,447$33,751$24,885
19 years$69,778$57,084$46,378$37,451$30,083$21,727
20 years$65,595$53,045$42,564$33,919$26,871$19,004
21 years$61,814$49,409$39,150$30,784$24,046$16,648
22 years$58,382$46,122$36,083$27,990$21,554$14,604
23 years$55,253$43,137$33,316$25,491$19,348$12,826
24 years$52,389$40,416$30,812$23,249$17,390$11,276
25 years$49,758$37,929$28,538$21,232$15,649$9,923
26 years$47,334$35,647$26,468$19,414$14,096$8,739
27 years$45,093$33,548$24,578$17,770$12,709$7,701
28 years$43,015$31,612$22,848$16,281$11,467$6,790
29 years$41,085$29,822$21,262$14,930$10,355$5,991
30 years$39,286$28,164$19,805$13,702$9,356$5,288
31 years$37,607$26,624$18,463$12,584$8,459$4,669
32 years$36,036$25,192$17,227$11,565$7,652$4,125
33 years$34,563$23,857$16,085$10,635$6,925$3,645
34 years$33,180$22,611$15,029$9,785$6,269$3,221
35 years$31,879$21,446$14,051$9,008$5,678$2,848
36 years$30,653$20,356$13,144$8,296$5,145$2,518
37 years$29,496$19,333$12,303$7,644$4,663$2,227
38 years$28,402$18,374$11,521$7,045$4,228$1,970
39 years$27,367$17,471$10,794$6,496$3,834$1,743
40 years$26,386$16,623$10,117$5,992$3,477$1,542
41 years$25,456$15,823$9,487$5,528$3,155$1,365
42 years$24,572$15,070$8,899$5,102$2,863$1,208
43 years$23,731$14,358$8,350$4,710$2,598$1,069
44 years$22,931$13,686$7,838$4,349$2,358$946
45 years$22,169$13,051$7,360$4,016$2,141$838
46 years$21,442$12,450$6,912$3,710$1,944$742
47 years$20,748$11,881$6,494$3,427$1,765$657
48 years$20,085$11,342$6,103$3,167$1,603$581
49 years$19,450$10,831$5,736$2,927$1,456$515
50 years$18,844$10,347$5,393$2,705$1,322$456

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $19,300,000, adding $3,429 every year, while hoping to spend $28,972 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: 41/45/14 Blend
67$19,300,000$19,300,000$19,300,000$19,300,000
68$21,272,137$20,249,237$19,950,087$22,056,165
69$23,411,069$21,210,624$20,587,589$23,570,996
70$25,767,201$22,218,147$21,245,476$25,206,401
71$28,362,657$23,274,038$21,924,401$26,975,815
72$31,221,816$24,380,634$22,625,037$28,891,455
73$34,371,544$25,540,387$23,348,078$30,966,717
74$37,841,445$26,755,870$24,094,242$33,216,294
75$41,664,141$28,029,777$24,864,268$35,656,305
76$45,875,584$29,364,936$25,658,921$38,304,439
77$50,515,386$30,764,311$26,478,988$41,180,108
78$55,627,205$32,231,011$27,325,283$44,304,621
79$61,259,145$33,768,295$28,198,645$47,701,375
80$67,464,219$35,379,583$29,099,941$51,396,059
81$74,300,844$37,068,458$30,030,064$55,416,889
82$81,833,397$38,838,679$30,989,938$59,794,861
83$90,132,816$40,694,187$31,980,514$64,564,023
84$99,277,278$42,639,117$33,002,775$69,761,792
85$109,352,928$44,677,801$34,057,737$75,429,281
86$120,454,700$46,814,787$35,146,444$81,611,682
87$132,687,208$49,054,839$36,269,978$88,358,668
88$146,165,734$51,402,957$37,429,453$95,724,845
89$161,017,319$53,864,383$38,626,020$103,770,256
90$177,381,961$56,444,613$39,860,867$112,560,920
91$195,413,933$59,149,411$41,135,219$122,169,439
92$215,283,246$61,984,824$42,450,340$132,675,665
93$237,177,247$64,957,190$43,807,536$144,167,427
94$261,302,392$68,073,159$45,208,155$156,741,338
95$287,886,194$71,339,701$46,653,585$170,503,687
96$317,179,368$74,764,129$48,145,263$185,571,410
97$349,458,203$78,354,110$49,684,668$202,073,174
98$385,027,165$82,117,687$51,273,330$220,150,561
99$424,221,774$86,063,292$52,912,825$239,959,374
100$467,411,771$90,199,769$54,604,781$261,671,081