Can I retire at age 68 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,522,939
2 years$797,174$782,328$767,939$753,988$740,456$708,344
3 years$526,170$511,260$496,907$483,087$469,776$438,571
4 years$390,695$375,830$361,621$348,037$335,048$304,992
5 years$309,431$294,655$280,633$267,326$254,698$225,876
6 years$255,273$240,608$226,793$213,783$201,534$173,976
7 years$216,603$202,062$188,466$175,763$163,901$137,613
8 years$187,615$173,205$159,834$147,443$135,972$110,946
9 years$165,080$150,806$137,665$125,589$114,508$90,728
10 years$147,062$132,928$120,020$108,259$97,566$75,008
11 years$132,330$118,338$105,663$94,217$83,910$62,546
12 years$120,063$106,214$93,774$82,641$72,715$52,512
13 years$109,690$95,986$83,780$72,960$63,409$44,333
14 years$100,807$87,249$75,277$64,766$55,584$37,599
15 years$93,116$79,703$67,965$57,760$48,940$32,008
16 years$86,392$73,126$61,620$51,717$43,254$27,333
17 years$80,466$67,347$56,072$46,468$38,352$23,403
18 years$75,204$62,231$51,187$41,877$34,101$20,082
19 years$70,501$57,675$46,859$37,839$30,395$17,265
20 years$66,274$53,595$43,005$34,271$27,149$14,866
21 years$62,455$49,921$39,556$31,103$24,295$12,818
22 years$58,987$46,600$36,457$28,280$21,777$11,065
23 years$55,826$43,584$33,662$25,755$19,549$9,562
24 years$52,932$40,835$31,131$23,490$17,571$8,269
25 years$50,274$38,322$28,834$21,452$15,811$7,157
26 years$47,824$36,016$26,742$19,615$14,242$6,198
27 years$45,560$33,896$24,832$17,954$12,840$5,371
28 years$43,461$31,940$23,085$16,450$11,586$4,656
29 years$41,511$30,131$21,482$15,085$10,462$4,038
30 years$39,694$28,456$20,010$13,844$9,453$3,503
31 years$37,997$26,900$18,655$12,715$8,546$3,040
32 years$36,410$25,453$17,405$11,685$7,731$2,639
33 years$34,922$24,105$16,251$10,745$6,996$2,291
34 years$33,524$22,846$15,184$9,887$6,334$1,990
35 years$32,209$21,669$14,196$9,101$5,737$1,728
36 years$30,971$20,567$13,280$8,382$5,198$1,501
37 years$29,801$19,534$12,430$7,723$4,711$1,304
38 years$28,696$18,564$11,640$7,118$4,271$1,133
39 years$27,651$17,653$10,906$6,564$3,873$985
40 years$26,660$16,795$10,222$6,054$3,513$856
41 years$25,719$15,987$9,585$5,585$3,187$744
42 years$24,826$15,226$8,991$5,155$2,892$647
43 years$23,977$14,507$8,437$4,758$2,625$562
44 years$23,169$13,828$7,919$4,394$2,383$489
45 years$22,399$13,186$7,436$4,058$2,163$425
46 years$21,664$12,579$6,984$3,748$1,964$369
47 years$20,963$12,005$6,561$3,463$1,783$321
48 years$20,293$11,460$6,166$3,200$1,619$279
49 years$19,652$10,944$5,796$2,957$1,471$243
50 years$19,039$10,454$5,449$2,733$1,336$211

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $19,500,000, adding $3,094 every year, while hoping to spend $43,974 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: 28/44/28 Blend
67$19,500,000$19,500,000$19,500,000$19,500,000
68$21,492,191$20,458,691$20,156,441$21,907,225
69$23,637,607$21,414,379$20,784,894$23,195,158
70$26,000,381$22,415,422$21,432,926$24,573,872
71$28,602,638$23,463,996$22,101,147$26,054,264
72$31,468,757$24,562,381$22,790,186$27,645,092
73$34,625,602$25,712,970$23,500,689$29,355,935
74$38,102,777$26,918,270$24,233,326$31,197,280
75$41,932,903$28,180,908$24,988,785$33,180,604
76$46,151,927$29,503,640$25,767,777$35,318,477
77$50,799,460$30,889,354$26,571,034$37,624,665
78$55,919,152$32,341,080$27,399,311$40,114,255
79$61,559,105$33,861,992$28,253,387$42,803,780
80$67,772,323$35,455,419$29,134,065$45,711,363
81$74,617,216$37,124,851$30,042,172$48,856,877
82$82,158,151$38,873,947$30,978,563$52,262,121
83$90,466,054$40,706,542$31,944,117$55,951,004
84$99,619,089$42,626,660$32,939,742$59,949,763
85$109,703,386$44,638,517$33,966,374$64,287,192
86$120,813,861$46,746,534$35,024,977$68,994,899
87$133,055,108$48,955,346$36,116,546$74,107,585
88$146,542,385$51,269,815$37,242,107$79,663,354
89$161,402,709$53,695,036$38,402,718$85,704,056
90$177,776,045$56,236,352$39,599,469$92,275,661
91$195,816,634$58,899,366$40,833,484$99,428,673
92$215,694,447$61,689,952$42,105,922$107,218,586
93$237,596,790$64,614,269$43,417,980$115,706,383
94$261,730,069$67,678,775$44,770,889$124,959,090
95$288,321,743$70,890,241$46,165,920$135,050,386
96$317,622,466$74,255,768$47,604,384$146,061,269
97$349,908,458$77,782,801$49,087,631$158,080,796
98$385,484,109$81,479,147$50,617,055$171,206,898
99$424,684,853$85,352,991$52,194,092$185,547,270
100$467,880,337$89,412,916$53,820,222$201,220,359