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%17.2%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,493,935
2 years$788,998$774,304$760,063$746,255$732,861$687,815
3 years$520,774$506,016$491,811$478,133$464,957$421,351
4 years$386,688$371,975$357,912$344,468$331,612$289,779
5 years$306,257$291,633$277,755$264,584$252,086$212,142
6 years$252,655$238,140$224,467$211,590$199,467$161,447
7 years$214,382$199,990$186,533$173,960$162,220$126,124
8 years$185,691$171,428$158,195$145,931$134,577$100,383
9 years$163,387$149,259$136,253$124,301$113,333$81,007
10 years$145,554$131,565$118,789$107,148$96,566$66,062
11 years$130,973$117,124$104,580$93,251$83,050$54,317
12 years$118,831$105,124$92,812$81,794$71,969$44,951
13 years$108,565$95,002$82,921$72,212$62,759$37,394
14 years$99,774$86,354$74,505$64,101$55,014$31,239
15 years$92,161$78,886$67,268$57,167$48,438$26,187
16 years$85,506$72,376$60,988$51,187$42,810$22,015
17 years$79,641$66,656$55,497$45,991$37,958$18,551
18 years$74,433$61,593$50,662$41,447$33,751$15,662
19 years$69,778$57,084$46,378$37,451$30,083$13,245
20 years$65,595$53,045$42,564$33,919$26,871$11,217
21 years$61,814$49,409$39,150$30,784$24,046$9,510
22 years$58,382$46,122$36,083$27,990$21,554$8,070
23 years$55,253$43,137$33,316$25,491$19,348$6,854
24 years$52,389$40,416$30,812$23,249$17,390$5,826
25 years$49,758$37,929$28,538$21,232$15,649$4,954
26 years$47,334$35,647$26,468$19,414$14,096$4,215
27 years$45,093$33,548$24,578$17,770$12,709$3,588
28 years$43,015$31,612$22,848$16,281$11,467$3,055
29 years$41,085$29,822$21,262$14,930$10,355$2,602
30 years$39,286$28,164$19,805$13,702$9,356$2,217
31 years$37,607$26,624$18,463$12,584$8,459$1,889
32 years$36,036$25,192$17,227$11,565$7,652$1,610
33 years$34,563$23,857$16,085$10,635$6,925$1,373
34 years$33,180$22,611$15,029$9,785$6,269$1,170
35 years$31,879$21,446$14,051$9,008$5,678$998
36 years$30,653$20,356$13,144$8,296$5,145$851
37 years$29,496$19,333$12,303$7,644$4,663$726
38 years$28,402$18,374$11,521$7,045$4,228$619
39 years$27,367$17,471$10,794$6,496$3,834$528
40 years$26,386$16,623$10,117$5,992$3,477$450
41 years$25,456$15,823$9,487$5,528$3,155$384
42 years$24,572$15,070$8,899$5,102$2,863$328
43 years$23,731$14,358$8,350$4,710$2,598$280
44 years$22,931$13,686$7,838$4,349$2,358$238
45 years$22,169$13,051$7,360$4,016$2,141$203
46 years$21,442$12,450$6,912$3,710$1,944$174
47 years$20,748$11,881$6,494$3,427$1,765$148
48 years$20,085$11,342$6,103$3,167$1,603$126
49 years$19,450$10,831$5,736$2,927$1,456$108
50 years$18,844$10,347$5,393$2,705$1,322$92

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 $2,711 every year, while hoping to spend $28,074 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: 45/33/22 Blend
67$19,300,000$19,300,000$19,300,000$19,300,000
68$21,271,396$20,248,496$19,949,346$22,093,596
69$23,411,208$21,210,802$20,587,779$23,635,279
70$25,768,340$22,219,320$21,246,658$25,303,174
71$28,364,929$23,276,285$21,926,639$27,111,387
72$31,225,368$24,384,040$22,628,398$29,072,979
73$34,376,540$25,545,042$23,352,634$31,202,290
74$37,848,066$26,761,868$24,100,066$33,515,066
75$41,672,589$28,037,220$24,871,439$36,028,599
76$45,886,080$29,373,930$25,667,519$38,761,882
77$50,528,178$30,774,971$26,489,099$41,735,780
78$55,642,564$32,243,456$27,336,995$44,973,220
79$61,277,374$33,782,653$28,212,053$48,499,394
80$67,485,651$35,395,988$29,115,141$52,341,991
81$74,325,849$37,087,053$30,047,160$56,531,446
82$81,862,382$38,859,615$31,009,036$61,101,217
83$90,166,233$40,717,625$32,001,727$66,088,090
84$99,315,625$42,665,224$33,026,221$71,532,514
85$109,396,756$44,706,758$34,083,537$77,478,970
86$120,504,617$46,846,781$35,174,727$83,976,382
87$132,743,886$49,090,071$36,300,878$91,078,558
88$146,229,916$51,441,637$37,463,111$98,844,693
89$161,089,824$53,906,735$38,662,583$107,339,907
90$177,463,694$56,490,873$39,900,487$116,635,843
91$195,505,894$59,199,828$41,178,056$126,811,335
92$215,386,536$62,039,661$42,496,562$137,953,129
93$237,293,084$65,016,726$43,857,318$150,156,685
94$261,432,119$68,137,686$45,261,679$163,527,062
95$288,031,293$71,409,530$46,711,043$178,179,890
96$317,341,474$74,839,587$48,206,853$194,242,441
97$349,639,121$78,435,543$49,750,598$211,854,809
98$385,228,885$82,205,458$51,343,817$231,171,210
99$424,446,493$86,157,787$52,988,096$252,361,419
100$467,661,910$90,301,394$54,685,072$275,612,345