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%20%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,485,019
2 years$793,086$778,316$764,001$750,121$736,659$675,008
3 years$523,472$508,638$494,359$480,610$467,367$407,972
4 years$388,691$373,903$359,767$346,252$333,330$276,643
5 years$307,844$293,144$279,194$265,955$253,392$199,556
6 years$253,964$239,374$225,630$212,686$200,500$149,550
7 years$215,493$201,026$187,500$174,861$163,061$114,976
8 years$186,653$172,317$159,015$146,687$135,274$90,006
9 years$164,233$150,033$136,959$124,945$113,921$71,399
10 years$146,308$132,246$119,404$107,703$97,066$57,207
11 years$131,652$117,731$105,121$93,734$83,480$46,190
12 years$119,447$105,669$93,293$82,218$72,342$37,519
13 years$109,128$95,494$83,351$72,586$63,084$30,621
14 years$100,290$86,801$74,891$64,434$55,299$25,087
15 years$92,638$79,295$67,617$57,463$48,689$20,615
16 years$85,949$72,751$61,304$51,452$43,032$16,983
17 years$80,053$67,001$55,784$46,229$38,155$14,019
18 years$74,818$61,912$50,924$41,662$33,926$11,591
19 years$70,140$57,380$46,619$37,645$30,239$9,597
20 years$65,934$53,320$42,784$34,095$27,010$7,955
21 years$62,135$49,665$39,353$30,943$24,171$6,599
22 years$58,685$46,361$36,270$28,135$21,666$5,479
23 years$55,539$43,360$33,489$25,623$19,448$4,552
24 years$52,661$40,626$30,972$23,369$17,481$3,784
25 years$50,016$38,125$28,686$21,342$15,730$3,146
26 years$47,579$35,832$26,605$19,514$14,169$2,617
27 years$45,326$33,722$24,705$17,862$12,774$2,178
28 years$43,238$31,776$22,966$16,365$11,527$1,813
29 years$41,298$29,977$21,372$15,007$10,408$1,509
30 years$39,490$28,310$19,907$13,773$9,404$1,256
31 years$37,802$26,762$18,559$12,649$8,503$1,046
32 years$36,223$25,323$17,316$11,625$7,691$871
33 years$34,743$23,981$16,168$10,690$6,961$726
34 years$33,352$22,728$15,106$9,836$6,302$605
35 years$32,044$21,558$14,123$9,055$5,708$504
36 years$30,812$20,461$13,212$8,339$5,172$420
37 years$29,648$19,434$12,366$7,683$4,687$350
38 years$28,549$18,469$11,581$7,082$4,249$291
39 years$27,509$17,562$10,850$6,530$3,854$243
40 years$26,523$16,709$10,169$6,023$3,495$202
41 years$25,587$15,905$9,536$5,557$3,171$168
42 years$24,699$15,148$8,945$5,128$2,877$140
43 years$23,854$14,433$8,393$4,734$2,611$117
44 years$23,050$13,757$7,879$4,371$2,370$97
45 years$22,284$13,119$7,398$4,037$2,152$81
46 years$21,553$12,515$6,948$3,729$1,954$68
47 years$20,855$11,943$6,528$3,445$1,774$56
48 years$20,189$11,401$6,134$3,183$1,611$47
49 years$19,551$10,887$5,766$2,942$1,463$39
50 years$18,941$10,400$5,421$2,719$1,329$33

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 $3,818 every year, while hoping to spend $24,945 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: 76/8/16 Blend
67$19,400,000$19,400,000$19,400,000$19,400,000
68$21,382,738$20,354,538$20,053,838$22,932,385
69$23,537,236$21,325,369$20,699,101$24,927,638
70$25,910,657$22,342,935$21,365,143$27,111,029
71$28,525,304$23,409,499$22,052,636$29,504,113
72$31,405,756$24,527,435$22,762,270$32,127,789
73$34,579,096$25,699,233$23,494,759$35,005,066
74$38,075,171$26,927,502$24,250,840$38,161,282
75$41,926,869$28,214,980$25,031,273$41,624,339
76$46,170,433$29,564,537$25,836,845$45,424,960
77$50,845,801$30,979,184$26,668,363$49,596,982
78$55,996,986$32,462,077$27,526,667$54,177,669
79$61,672,487$34,016,527$28,412,618$59,208,060
80$67,925,748$35,646,005$29,327,108$64,733,356
81$74,815,666$37,354,151$30,271,058$70,803,342
82$82,407,143$39,144,783$31,245,418$77,472,851
83$90,771,699$41,021,905$32,251,167$84,802,281
84$99,988,150$42,989,715$33,289,318$92,858,162
85$110,143,347$45,052,617$34,360,916$101,713,776
86$121,333,000$47,215,228$35,467,039$111,449,849
87$133,662,582$49,482,390$36,608,801$122,155,306
88$147,248,321$51,859,182$37,787,350$133,928,105
89$162,218,297$54,350,930$39,003,874$146,876,163
90$178,713,657$56,963,218$40,259,597$161,118,361
91$196,889,939$59,701,906$41,555,783$176,785,668
92$216,918,549$62,573,135$42,893,738$194,022,370
93$238,988,370$65,583,348$44,274,807$212,987,426
94$263,307,553$68,739,301$45,700,383$233,855,962
95$290,105,478$72,048,081$47,171,900$256,820,920
96$319,634,918$75,517,118$48,690,840$282,094,873
97$352,174,430$79,154,207$50,258,733$309,912,024
98$388,030,979$82,967,521$51,877,158$340,530,410
99$427,542,842$86,965,632$53,547,746$374,234,333
100$471,082,794$91,157,531$55,272,178$411,337,034