Can I retire at age 68 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,527,019
2 years$793,086$778,316$764,001$750,121$736,659$716,574
3 years$523,472$508,638$494,359$480,610$467,367$447,785
4 years$388,691$373,903$359,767$346,252$333,330$314,403
5 years$307,844$293,144$279,194$265,955$253,392$235,174
6 years$253,964$239,374$225,630$212,686$200,500$183,014
7 years$215,493$201,026$187,500$174,861$163,061$146,311
8 years$186,653$172,317$159,015$146,687$135,274$119,261
9 years$164,233$150,033$136,959$124,945$113,921$98,636
10 years$146,308$132,246$119,404$107,703$97,066$82,500
11 years$131,652$117,731$105,121$93,734$83,480$69,619
12 years$119,447$105,669$93,293$82,218$72,342$59,170
13 years$109,128$95,494$83,351$72,586$63,084$50,583
14 years$100,290$86,801$74,891$64,434$55,299$43,452
15 years$92,638$79,295$67,617$57,463$48,689$37,476
16 years$85,949$72,751$61,304$51,452$43,032$32,432
17 years$80,053$67,001$55,784$46,229$38,155$28,147
18 years$74,818$61,912$50,924$41,662$33,926$24,487
19 years$70,140$57,380$46,619$37,645$30,239$21,348
20 years$65,934$53,320$42,784$34,095$27,010$18,645
21 years$62,135$49,665$39,353$30,943$24,171$16,309
22 years$58,685$46,361$36,270$28,135$21,666$14,286
23 years$55,539$43,360$33,489$25,623$19,448$12,527
24 years$52,661$40,626$30,972$23,369$17,481$10,996
25 years$50,016$38,125$28,686$21,342$15,730$9,661
26 years$47,579$35,832$26,605$19,514$14,169$8,495
27 years$45,326$33,722$24,705$17,862$12,774$7,474
28 years$43,238$31,776$22,966$16,365$11,527$6,580
29 years$41,298$29,977$21,372$15,007$10,408$5,796
30 years$39,490$28,310$19,907$13,773$9,404$5,107
31 years$37,802$26,762$18,559$12,649$8,503$4,502
32 years$36,223$25,323$17,316$11,625$7,691$3,971
33 years$34,743$23,981$16,168$10,690$6,961$3,503
34 years$33,352$22,728$15,106$9,836$6,302$3,091
35 years$32,044$21,558$14,123$9,055$5,708$2,728
36 years$30,812$20,461$13,212$8,339$5,172$2,408
37 years$29,648$19,434$12,366$7,683$4,687$2,126
38 years$28,549$18,469$11,581$7,082$4,249$1,878
39 years$27,509$17,562$10,850$6,530$3,854$1,658
40 years$26,523$16,709$10,169$6,023$3,495$1,465
41 years$25,587$15,905$9,536$5,557$3,171$1,294
42 years$24,699$15,148$8,945$5,128$2,877$1,143
43 years$23,854$14,433$8,393$4,734$2,611$1,010
44 years$23,050$13,757$7,879$4,371$2,370$893
45 years$22,284$13,119$7,398$4,037$2,152$789
46 years$21,553$12,515$6,948$3,729$1,954$697
47 years$20,855$11,943$6,528$3,445$1,774$616
48 years$20,189$11,401$6,134$3,183$1,611$545
49 years$19,551$10,887$5,766$2,942$1,463$481
50 years$18,941$10,400$5,421$2,719$1,329$426

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $19,400,000, adding $4,344 every year, while hoping to spend $35,536 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: 71/23/6 Blend
67$19,400,000$19,400,000$19,400,000$19,400,000
68$21,383,281$20,355,081$20,054,381$22,884,965
69$23,526,565$21,314,670$20,688,393$24,836,373
70$25,887,274$22,320,088$21,342,453$26,966,676
71$28,487,546$23,373,542$22,017,195$29,297,295
72$31,351,779$24,477,349$22,713,274$31,847,916
73$34,506,857$25,633,935$23,431,365$34,640,202
74$37,982,404$26,845,846$24,172,164$37,697,989
75$41,811,066$28,115,749$24,936,388$41,047,510
76$46,028,817$29,446,443$25,724,779$44,717,630
77$50,675,299$30,840,861$26,538,102$48,740,123
78$55,794,196$32,302,080$27,377,145$53,149,958
79$61,433,645$33,833,323$28,242,720$57,985,628
80$67,646,695$35,437,973$29,135,669$63,289,507
81$74,491,800$37,119,576$30,056,856$69,108,241
82$82,033,378$38,881,850$31,007,175$75,493,184
83$90,342,414$40,728,692$31,987,547$82,500,873
84$99,497,133$42,664,192$32,998,924$90,193,560
85$109,583,738$44,692,634$34,042,284$98,639,784
86$120,697,219$46,818,513$35,118,641$107,915,018
87$132,942,258$49,046,543$36,229,038$118,102,367
88$146,434,210$51,381,665$37,374,552$129,293,346
89$161,300,193$53,829,060$38,556,294$141,588,736
90$177,680,293$56,394,164$39,775,409$155,099,522
91$195,728,877$59,082,673$41,033,080$169,947,937
92$215,616,062$61,900,562$42,330,527$186,268,596
93$237,529,308$64,854,098$43,669,008$204,209,766
94$261,675,199$67,949,850$45,049,821$223,934,744
95$288,281,384$71,194,708$46,474,305$245,623,396
96$317,598,732$74,595,896$47,943,841$269,473,835
97$349,903,699$78,160,990$49,459,856$295,704,281
98$385,500,933$81,897,936$51,023,818$324,555,107
99$424,726,158$85,815,065$52,637,246$356,291,093
100$467,949,336$89,921,113$54,301,703$391,203,910