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

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,500,981
2 years$797,174$782,328$767,939$753,988$740,456$686,633
3 years$526,170$511,260$496,907$483,087$469,776$417,798
4 years$390,695$375,830$361,621$348,037$335,048$285,313
5 years$309,431$294,655$280,633$267,326$254,698$207,337
6 years$255,273$240,608$226,793$213,783$201,534$156,583
7 years$216,603$202,062$188,466$175,763$163,901$121,352
8 years$187,615$173,205$159,834$147,443$135,972$95,790
9 years$165,080$150,806$137,665$125,589$114,508$76,644
10 years$147,062$132,928$120,020$108,259$97,566$61,956
11 years$132,330$118,338$105,663$94,217$83,910$50,483
12 years$120,063$106,214$93,774$82,641$72,715$41,392
13 years$109,690$95,986$83,780$72,960$63,409$34,107
14 years$100,807$87,249$75,277$64,766$55,584$28,217
15 years$93,116$79,703$67,965$57,760$48,940$23,421
16 years$86,392$73,126$61,620$51,717$43,254$19,491
17 years$80,466$67,347$56,072$46,468$38,352$16,257
18 years$75,204$62,231$51,187$41,877$34,101$13,583
19 years$70,501$57,675$46,859$37,839$30,395$11,366
20 years$66,274$53,595$43,005$34,271$27,149$9,523
21 years$62,455$49,921$39,556$31,103$24,295$7,987
22 years$58,987$46,600$36,457$28,280$21,777$6,704
23 years$55,826$43,584$33,662$25,755$19,549$5,631
24 years$52,932$40,835$31,131$23,490$17,571$4,733
25 years$50,274$38,322$28,834$21,452$15,811$3,980
26 years$47,824$36,016$26,742$19,615$14,242$3,349
27 years$45,560$33,896$24,832$17,954$12,840$2,818
28 years$43,461$31,940$23,085$16,450$11,586$2,372
29 years$41,511$30,131$21,482$15,085$10,462$1,998
30 years$39,694$28,456$20,010$13,844$9,453$1,683
31 years$37,997$26,900$18,655$12,715$8,546$1,417
32 years$36,410$25,453$17,405$11,685$7,731$1,194
33 years$34,922$24,105$16,251$10,745$6,996$1,006
34 years$33,524$22,846$15,184$9,887$6,334$848
35 years$32,209$21,669$14,196$9,101$5,737$715
36 years$30,971$20,567$13,280$8,382$5,198$602
37 years$29,801$19,534$12,430$7,723$4,711$508
38 years$28,696$18,564$11,640$7,118$4,271$428
39 years$27,651$17,653$10,906$6,564$3,873$361
40 years$26,660$16,795$10,222$6,054$3,513$304
41 years$25,719$15,987$9,585$5,585$3,187$256
42 years$24,826$15,226$8,991$5,155$2,892$216
43 years$23,977$14,507$8,437$4,758$2,625$182
44 years$23,169$13,828$7,919$4,394$2,383$154
45 years$22,399$13,186$7,436$4,058$2,163$130
46 years$21,664$12,579$6,984$3,748$1,964$109
47 years$20,963$12,005$6,561$3,463$1,783$92
48 years$20,293$11,460$6,166$3,200$1,619$78
49 years$19,652$10,944$5,796$2,957$1,471$65
50 years$19,039$10,454$5,449$2,733$1,336$55

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 $5,141 every year, while hoping to spend $45,444 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: 70/22/8 Blend
67$19,500,000$19,500,000$19,500,000$19,500,000
68$21,494,303$20,460,803$20,158,553$22,968,909
69$23,638,370$21,415,030$20,785,512$24,899,448
70$25,999,608$22,414,492$21,431,952$27,005,140
71$28,600,122$23,461,355$22,098,476$29,308,014
72$31,464,268$24,557,895$22,785,708$31,827,433
73$34,618,885$25,706,494$23,494,291$34,584,705
74$38,093,548$26,909,649$24,224,887$37,603,277
75$41,920,849$28,169,981$24,978,180$40,908,949
76$46,136,700$29,490,234$25,754,873$44,530,117
77$50,780,675$30,873,287$26,555,693$48,498,033
78$55,896,384$32,322,158$27,381,388$52,847,096
79$61,531,881$33,840,010$28,232,731$57,615,168
80$67,740,123$35,430,160$29,110,517$62,843,932
81$74,579,462$37,096,085$30,015,567$68,579,272
82$82,114,205$38,841,430$30,948,725$74,871,704
83$90,415,211$40,670,018$31,910,865$81,776,845
84$99,560,569$42,585,856$32,902,886$89,355,931
85$109,636,329$44,593,144$33,925,714$97,676,387
86$120,737,314$46,696,288$34,980,305$106,812,457
87$132,968,019$48,899,905$36,067,644$116,845,893
88$146,443,594$51,208,838$37,188,748$127,866,726
89$161,290,933$53,628,162$38,344,663$139,974,099
90$177,649,867$56,163,202$39,536,468$153,277,197
91$195,674,492$58,819,537$40,765,278$167,896,267
92$215,534,615$61,603,019$42,032,240$183,963,746
93$237,417,363$64,519,784$43,338,537$201,625,497
94$261,528,944$67,576,264$44,685,388$221,042,175
95$288,096,600$70,779,204$46,074,052$242,390,735
96$317,370,745$74,135,677$47,505,825$265,866,086
97$349,627,334$77,653,099$48,982,043$291,682,921
98$385,170,466$81,339,244$50,504,085$320,077,732
99$424,335,253$85,202,266$52,073,372$351,311,024
100$467,490,987$89,250,715$53,691,367$385,669,761