Can I retire at age 68 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,556,444
2 years$805,350$790,351$775,815$761,721$748,050$733,480
3 years$531,567$516,503$502,004$488,042$474,594$460,366
4 years$394,702$379,685$365,330$351,607$338,484$324,709
5 years$312,605$297,677$283,511$270,068$257,310$244,028
6 years$257,891$243,076$229,119$215,975$203,601$190,828
7 years$218,825$204,135$190,399$177,565$165,582$153,324
8 years$189,539$174,981$161,474$148,955$137,366$125,623
9 years$166,773$152,353$139,077$126,877$115,682$104,450
10 years$148,571$134,291$121,251$109,369$98,567$87,839
11 years$133,688$119,552$106,747$95,184$84,771$74,538
12 years$121,294$107,303$94,735$83,489$73,461$63,714
13 years$110,815$96,971$84,640$73,708$64,059$54,787
14 years$101,841$88,144$76,049$65,430$56,154$47,345
15 years$94,071$80,521$68,662$58,352$49,442$41,083
16 years$87,278$73,876$62,253$52,248$43,697$35,774
17 years$81,291$68,037$56,647$46,944$38,745$31,244
18 years$75,975$62,870$51,712$42,306$34,450$27,357
19 years$71,225$58,267$47,339$38,227$30,706$24,007
20 years$66,954$54,144$43,446$34,622$27,427$21,106
21 years$63,095$50,433$39,962$31,422$24,544$18,587
22 years$59,592$47,078$36,831$28,570$22,001$16,391
23 years$56,398$44,031$34,007$26,019$19,749$14,473
24 years$53,475$41,254$31,451$23,731$17,751$12,793
25 years$50,790$38,715$29,130$21,672$15,973$11,319
26 years$48,315$36,386$27,016$19,816$14,388$10,024
27 years$46,027$34,243$25,087$18,138$12,972$8,883
28 years$43,907$32,267$23,322$16,618$11,705$7,877
29 years$41,936$30,440$21,703$15,239$10,569$6,989
30 years$40,101$28,748$20,215$13,986$9,550$6,204
31 years$38,387$27,176$18,846$12,845$8,634$5,510
32 years$36,783$25,714$17,584$11,805$7,810$4,895
33 years$35,280$24,352$16,418$10,856$7,068$4,351
34 years$33,868$23,080$15,340$9,988$6,399$3,868
35 years$32,540$21,891$14,342$9,195$5,796$3,440
36 years$31,288$20,778$13,416$8,468$5,252$3,060
37 years$30,107$19,734$12,558$7,802$4,760$2,722
38 years$28,991$18,754$11,760$7,191$4,315$2,423
39 years$27,934$17,834$11,017$6,631$3,913$2,156
40 years$26,933$16,967$10,327$6,116$3,549$1,919
41 years$25,983$16,151$9,683$5,643$3,220$1,709
42 years$25,081$15,382$9,083$5,208$2,922$1,521
43 years$24,223$14,656$8,523$4,807$2,652$1,355
44 years$23,406$13,970$8,001$4,439$2,407$1,207
45 years$22,628$13,322$7,512$4,099$2,185$1,075
46 years$21,886$12,708$7,056$3,787$1,984$957
47 years$21,178$12,128$6,629$3,498$1,802$853
48 years$20,501$11,577$6,229$3,233$1,636$760
49 years$19,854$11,056$5,855$2,987$1,486$677
50 years$19,234$10,561$5,505$2,761$1,350$603

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $19,700,000, adding $5,922 every year, while hoping to spend $26,579 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: 48/23/29 Blend
67$19,700,000$19,700,000$19,700,000$19,700,000
68$21,715,509$20,671,409$20,366,059$22,577,612
69$23,902,211$21,656,028$21,020,042$24,170,263
70$26,311,065$22,688,002$21,695,042$25,895,805
71$28,964,705$23,769,625$22,391,737$27,769,312
72$31,888,067$24,903,299$23,110,823$29,804,762
73$35,108,635$26,091,546$23,853,020$32,017,518
74$38,656,692$27,337,008$24,619,073$34,424,459
75$42,565,611$28,642,458$25,409,748$37,044,137
76$46,872,166$30,010,801$26,225,838$39,896,942
77$51,616,884$31,445,087$27,068,160$43,005,292
78$56,844,421$32,948,511$27,937,558$46,393,832
79$62,603,989$34,524,425$28,834,903$50,089,664
80$68,949,818$36,176,345$29,761,095$54,122,591
81$75,941,669$37,907,955$30,717,061$58,525,391
82$83,645,396$39,723,122$31,703,759$63,334,119
83$92,133,570$41,625,898$32,722,179$68,588,435
84$101,486,163$43,620,536$33,773,341$74,331,974
85$111,791,302$45,711,492$34,858,298$80,612,742
86$123,146,101$47,903,442$35,978,138$87,483,564
87$135,657,581$50,201,289$37,133,983$95,002,568
88$149,443,675$52,610,173$38,326,992$103,233,723
89$164,634,345$55,135,486$39,558,361$112,247,434
90$181,372,807$57,782,883$40,829,325$122,121,191
91$199,816,883$60,558,295$42,141,157$132,940,289
92$220,140,493$63,467,939$43,495,174$144,798,618
93$242,535,293$66,518,337$44,892,732$157,799,537
94$267,212,487$69,716,330$46,335,233$172,056,836
95$294,404,821$73,069,091$47,824,123$187,695,791
96$324,368,778$76,584,141$49,360,896$204,854,335
97$357,387,000$80,269,371$50,947,093$223,684,340
98$393,770,958$84,133,054$52,584,305$244,353,035
99$433,863,890$88,183,868$54,274,173$267,044,564
100$478,044,042$92,430,913$56,018,393$291,961,709