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%13.2%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,518,519
2 years$788,998$774,304$760,063$746,255$732,861$712,251
3 years$520,774$506,016$491,811$478,133$464,957$444,867
4 years$386,688$371,975$357,912$344,468$331,612$312,196
5 years$306,257$291,633$277,755$264,584$252,086$233,401
6 years$252,655$238,140$224,467$211,590$199,467$181,536
7 years$214,382$199,990$186,533$173,960$162,220$145,049
8 years$185,691$171,428$158,195$145,931$134,577$118,164
9 years$163,387$149,259$136,253$124,301$113,333$97,671
10 years$145,554$131,565$118,789$107,148$96,566$81,643
11 years$130,973$117,124$104,580$93,251$83,050$68,853
12 years$118,831$105,124$92,812$81,794$71,969$58,482
13 years$108,565$95,002$82,921$72,212$62,759$49,962
14 years$99,774$86,354$74,505$64,101$55,014$42,890
15 years$92,161$78,886$67,268$57,167$48,438$36,966
16 years$85,506$72,376$60,988$51,187$42,810$31,968
17 years$79,641$66,656$55,497$45,991$37,958$27,725
18 years$74,433$61,593$50,662$41,447$33,751$24,103
19 years$69,778$57,084$46,378$37,451$30,083$20,998
20 years$65,595$53,045$42,564$33,919$26,871$18,326
21 years$61,814$49,409$39,150$30,784$24,046$16,018
22 years$58,382$46,122$36,083$27,990$21,554$14,020
23 years$55,253$43,137$33,316$25,491$19,348$12,285
24 years$52,389$40,416$30,812$23,249$17,390$10,775
25 years$49,758$37,929$28,538$21,232$15,649$9,459
26 years$47,334$35,647$26,468$19,414$14,096$8,311
27 years$45,093$33,548$24,578$17,770$12,709$7,306
28 years$43,015$31,612$22,848$16,281$11,467$6,427
29 years$41,085$29,822$21,262$14,930$10,355$5,656
30 years$39,286$28,164$19,805$13,702$9,356$4,980
31 years$37,607$26,624$18,463$12,584$8,459$4,387
32 years$36,036$25,192$17,227$11,565$7,652$3,865
33 years$34,563$23,857$16,085$10,635$6,925$3,407
34 years$33,180$22,611$15,029$9,785$6,269$3,004
35 years$31,879$21,446$14,051$9,008$5,678$2,649
36 years$30,653$20,356$13,144$8,296$5,145$2,336
37 years$29,496$19,333$12,303$7,644$4,663$2,061
38 years$28,402$18,374$11,521$7,045$4,228$1,819
39 years$27,367$17,471$10,794$6,496$3,834$1,605
40 years$26,386$16,623$10,117$5,992$3,477$1,416
41 years$25,456$15,823$9,487$5,528$3,155$1,250
42 years$24,572$15,070$8,899$5,102$2,863$1,104
43 years$23,731$14,358$8,350$4,710$2,598$974
44 years$22,931$13,686$7,838$4,349$2,358$860
45 years$22,169$13,051$7,360$4,016$2,141$760
46 years$21,442$12,450$6,912$3,710$1,944$671
47 years$20,748$11,881$6,494$3,427$1,765$592
48 years$20,085$11,342$6,103$3,167$1,603$523
49 years$19,450$10,831$5,736$2,927$1,456$462
50 years$18,844$10,347$5,393$2,705$1,322$408

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 $3,199 every year, while hoping to spend $50,291 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: 82/7/11 Blend
67$19,300,000$19,300,000$19,300,000$19,300,000
68$21,271,900$20,249,000$19,949,850$22,976,723
69$23,388,124$21,187,692$20,564,661$25,033,007
70$25,718,518$22,170,694$21,198,382$27,283,223
71$28,284,874$23,200,124$21,851,594$29,752,294
72$31,111,204$24,278,203$22,524,896$32,462,149
73$34,223,970$25,407,259$23,218,903$35,436,942
74$37,652,330$26,589,730$23,934,252$38,703,272
75$41,428,415$27,828,173$24,671,596$42,290,435
76$45,587,630$29,125,270$25,431,611$46,230,701
77$50,168,990$30,483,831$26,214,992$50,559,609
78$55,215,489$31,906,801$27,022,457$55,316,309
79$60,774,503$33,397,268$27,854,743$60,543,922
80$66,898,238$34,958,469$28,712,612$66,289,948
81$73,644,223$36,593,799$29,596,849$72,606,712
82$81,075,853$38,306,814$30,508,263$79,551,852
83$89,262,986$40,101,245$31,447,686$87,188,866
84$98,282,605$41,981,000$32,415,978$95,587,702
85$108,219,542$43,950,180$33,414,024$104,825,418
86$119,167,277$46,013,081$34,442,736$114,986,909
87$131,228,826$48,174,208$35,503,054$126,165,700
88$144,517,707$50,438,285$36,595,947$138,464,828
89$159,159,015$52,810,263$37,722,414$151,997,812
90$175,290,602$55,295,334$38,883,482$166,889,719
91$193,064,379$57,898,941$40,080,214$183,278,342
92$212,647,746$60,626,789$41,313,702$201,315,493
93$234,225,177$63,484,863$42,585,071$221,168,439
94$257,999,957$66,479,433$43,895,484$243,021,469
95$284,196,105$69,617,078$45,246,135$267,077,634
96$313,060,486$72,904,692$46,638,258$293,560,658
97$344,865,138$76,349,506$48,073,123$322,717,044
98$379,909,849$79,959,098$49,552,039$354,818,393
99$418,524,977$83,741,417$51,076,355$390,163,971
100$461,074,574$87,704,796$52,647,463$429,083,519