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%13.2%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,534,255
2 years$797,174$782,328$767,939$753,988$740,456$719,632
3 years$526,170$511,260$496,907$483,087$469,776$449,477
4 years$390,695$375,830$361,621$348,037$335,048$315,431
5 years$309,431$294,655$280,633$267,326$254,698$235,820
6 years$255,273$240,608$226,793$213,783$201,534$183,417
7 years$216,603$202,062$188,466$175,763$163,901$146,552
8 years$187,615$173,205$159,834$147,443$135,972$119,389
9 years$165,080$150,806$137,665$125,589$114,508$98,684
10 years$147,062$132,928$120,020$108,259$97,566$82,489
11 years$132,330$118,338$105,663$94,217$83,910$69,566
12 years$120,063$106,214$93,774$82,641$72,715$59,088
13 years$109,690$95,986$83,780$72,960$63,409$50,480
14 years$100,807$87,249$75,277$64,766$55,584$43,334
15 years$93,116$79,703$67,965$57,760$48,940$37,349
16 years$86,392$73,126$61,620$51,717$43,254$32,299
17 years$80,466$67,347$56,072$46,468$38,352$28,012
18 years$75,204$62,231$51,187$41,877$34,101$24,353
19 years$70,501$57,675$46,859$37,839$30,395$21,216
20 years$66,274$53,595$43,005$34,271$27,149$18,516
21 years$62,455$49,921$39,556$31,103$24,295$16,184
22 years$58,987$46,600$36,457$28,280$21,777$14,165
23 years$55,826$43,584$33,662$25,755$19,549$12,412
24 years$52,932$40,835$31,131$23,490$17,571$10,887
25 years$50,274$38,322$28,834$21,452$15,811$9,557
26 years$47,824$36,016$26,742$19,615$14,242$8,397
27 years$45,560$33,896$24,832$17,954$12,840$7,382
28 years$43,461$31,940$23,085$16,450$11,586$6,493
29 years$41,511$30,131$21,482$15,085$10,462$5,715
30 years$39,694$28,456$20,010$13,844$9,453$5,032
31 years$37,997$26,900$18,655$12,715$8,546$4,432
32 years$36,410$25,453$17,405$11,685$7,731$3,906
33 years$34,922$24,105$16,251$10,745$6,996$3,442
34 years$33,524$22,846$15,184$9,887$6,334$3,035
35 years$32,209$21,669$14,196$9,101$5,737$2,676
36 years$30,971$20,567$13,280$8,382$5,198$2,361
37 years$29,801$19,534$12,430$7,723$4,711$2,083
38 years$28,696$18,564$11,640$7,118$4,271$1,838
39 years$27,651$17,653$10,906$6,564$3,873$1,622
40 years$26,660$16,795$10,222$6,054$3,513$1,431
41 years$25,719$15,987$9,585$5,585$3,187$1,263
42 years$24,826$15,226$8,991$5,155$2,892$1,115
43 years$23,977$14,507$8,437$4,758$2,625$984
44 years$23,169$13,828$7,919$4,394$2,383$869
45 years$22,399$13,186$7,436$4,058$2,163$767
46 years$21,664$12,579$6,984$3,748$1,964$678
47 years$20,963$12,005$6,561$3,463$1,783$598
48 years$20,293$11,460$6,166$3,200$1,619$528
49 years$19,652$10,944$5,796$2,957$1,471$467
50 years$19,039$10,454$5,449$2,733$1,336$412

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 $4,287 every year, while hoping to spend $39,859 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: 61/34/5 Blend
67$19,500,000$19,500,000$19,500,000$19,500,000
68$21,493,422$20,459,922$20,157,672$22,786,835
69$23,643,341$21,420,049$20,790,544$24,610,969
70$26,011,217$22,425,885$21,443,282$26,595,282
71$28,619,237$23,479,630$22,116,508$28,759,174
72$31,491,854$24,583,587$22,810,867$31,119,938
73$34,656,013$25,740,172$23,527,019$33,696,581
74$38,141,402$26,951,917$24,265,651$36,510,001
75$41,980,742$28,221,477$25,027,467$39,583,176
76$46,210,085$29,551,637$25,813,195$42,941,372
77$50,869,161$30,945,315$26,623,584$46,612,376
78$56,001,751$32,405,571$27,459,410$50,626,749
79$61,656,099$33,935,613$28,321,469$55,018,109
80$67,885,369$35,538,806$29,210,586$59,823,436
81$74,748,146$37,218,676$30,127,610$65,083,412
82$82,308,987$38,978,922$31,073,415$70,842,801
83$90,639,035$40,823,420$32,048,906$77,150,854
84$99,816,686$42,756,237$33,055,013$84,061,770
85$109,928,329$44,781,634$34,092,698$91,635,191
86$121,069,166$46,904,082$35,162,951$99,936,758
87$133,344,105$49,128,266$36,266,794$109,038,719
88$146,868,754$51,459,101$37,405,281$119,020,593
89$161,770,508$53,901,738$38,579,499$129,969,913
90$178,189,757$56,461,580$39,790,570$141,983,036
91$196,281,207$59,144,293$41,039,649$155,166,039
92$216,215,342$61,955,815$42,327,929$169,635,706
93$238,180,033$64,902,376$43,656,640$185,520,611
94$262,382,310$67,990,506$45,027,051$202,962,321
95$289,050,318$71,227,053$46,440,470$222,116,709
96$318,435,471$74,619,200$47,898,247$243,155,411
97$350,814,824$78,174,475$49,401,773$266,267,427
98$386,493,687$81,900,775$50,952,483$291,660,884
99$425,808,510$85,806,380$52,551,858$319,564,979
100$469,130,057$89,899,972$54,201,425$350,232,125