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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.1%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,525,477
2 years$788,998$774,304$760,063$746,255$732,861$719,225
3 years$520,774$506,016$491,811$478,133$464,957$451,640
4 years$386,688$371,975$357,912$344,468$331,612$318,715
5 years$306,257$291,633$277,755$264,584$252,086$239,648
6 years$252,655$238,140$224,467$211,590$199,467$187,504
7 years$214,382$199,990$186,533$173,960$162,220$150,737
8 years$185,691$171,428$158,195$145,931$134,577$123,574
9 years$163,387$149,259$136,253$124,301$113,333$102,806
10 years$145,554$131,565$118,789$107,148$96,566$86,509
11 years$130,973$117,124$104,580$93,251$83,050$73,455
12 years$118,831$105,124$92,812$81,794$71,969$62,828
13 years$108,565$95,002$82,921$72,212$62,759$54,060
14 years$99,774$86,354$74,505$64,101$55,014$46,747
15 years$92,161$78,886$67,268$57,167$48,438$40,591
16 years$85,506$72,376$60,988$51,187$42,810$35,370
17 years$79,641$66,656$55,497$45,991$37,958$30,913
18 years$74,433$61,593$50,662$41,447$33,751$27,087
19 years$69,778$57,084$46,378$37,451$30,083$23,786
20 years$65,595$53,045$42,564$33,919$26,871$20,928
21 years$61,814$49,409$39,150$30,784$24,046$18,443
22 years$58,382$46,122$36,083$27,990$21,554$16,277
23 years$55,253$43,137$33,316$25,491$19,348$14,383
24 years$52,389$40,416$30,812$23,249$17,390$12,723
25 years$49,758$37,929$28,538$21,232$15,649$11,266
26 years$47,334$35,647$26,468$19,414$14,096$9,984
27 years$45,093$33,548$24,578$17,770$12,709$8,855
28 years$43,015$31,612$22,848$16,281$11,467$7,859
29 years$41,085$29,822$21,262$14,930$10,355$6,978
30 years$39,286$28,164$19,805$13,702$9,356$6,200
31 years$37,607$26,624$18,463$12,584$8,459$5,511
32 years$36,036$25,192$17,227$11,565$7,652$4,900
33 years$34,563$23,857$16,085$10,635$6,925$4,359
34 years$33,180$22,611$15,029$9,785$6,269$3,878
35 years$31,879$21,446$14,051$9,008$5,678$3,452
36 years$30,653$20,356$13,144$8,296$5,145$3,073
37 years$29,496$19,333$12,303$7,644$4,663$2,736
38 years$28,402$18,374$11,521$7,045$4,228$2,437
39 years$27,367$17,471$10,794$6,496$3,834$2,171
40 years$26,386$16,623$10,117$5,992$3,477$1,934
41 years$25,456$15,823$9,487$5,528$3,155$1,723
42 years$24,572$15,070$8,899$5,102$2,863$1,536
43 years$23,731$14,358$8,350$4,710$2,598$1,369
44 years$22,931$13,686$7,838$4,349$2,358$1,220
45 years$22,169$13,051$7,360$4,016$2,141$1,088
46 years$21,442$12,450$6,912$3,710$1,944$970
47 years$20,748$11,881$6,494$3,427$1,765$864
48 years$20,085$11,342$6,103$3,167$1,603$771
49 years$19,450$10,831$5,736$2,927$1,456$687
50 years$18,844$10,347$5,393$2,705$1,322$613

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 $5,584 every year, while hoping to spend $53,164 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: 47/24/29 Blend
67$19,300,000$19,300,000$19,300,000$19,300,000
68$21,274,360$20,251,460$19,952,310$22,096,956
69$23,387,779$21,187,215$20,564,146$23,614,869
70$25,714,984$22,167,041$21,194,697$25,256,012
71$28,277,727$23,193,040$21,844,534$27,036,558
72$31,099,973$24,267,417$22,514,244$28,969,651
73$34,208,133$25,392,483$23,204,434$31,069,734
74$37,631,308$26,570,661$23,915,728$33,352,677
75$41,401,566$27,804,488$24,648,769$35,835,921
76$45,554,244$29,096,626$25,404,222$38,538,637
77$50,128,282$30,449,866$26,182,768$41,481,901
78$55,166,588$31,867,130$26,985,112$44,688,885
79$60,716,445$33,351,485$27,811,978$48,185,067
80$66,829,959$34,906,144$28,664,115$51,998,468
81$73,564,544$36,534,474$29,542,293$56,159,904
82$80,983,472$38,240,008$30,447,304$60,703,274
83$89,156,463$40,026,446$31,379,966$65,665,865
84$98,160,350$41,897,669$32,341,122$71,088,700
85$108,079,795$43,857,744$33,331,640$77,016,916
86$119,008,097$45,910,937$34,352,412$83,500,177
87$131,048,067$48,061,717$35,404,362$90,593,134
88$144,313,000$50,314,771$36,488,439$98,355,933
89$158,927,745$52,675,013$37,605,620$106,854,767
90$175,029,879$55,147,594$38,756,913$116,162,493
91$192,771,014$57,737,913$39,943,357$126,359,308
92$212,318,220$60,451,633$41,166,021$137,533,489
93$233,855,604$63,294,689$42,426,009$149,782,219
94$257,586,051$66,273,303$43,724,455$163,212,487
95$283,733,134$69,394,001$45,062,530$177,942,084
96$312,543,229$72,663,622$46,441,440$194,100,701
97$344,287,837$76,089,338$47,862,427$211,831,138
98$379,266,148$79,678,668$49,326,771$231,290,635
99$417,807,868$83,439,495$50,835,790$252,652,339
100$460,276,324$87,380,085$52,390,843$276,106,921