Can I retire at age 68 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,559,150
2 years$809,438$794,363$779,753$765,588$751,848$731,995
3 years$534,265$519,125$504,552$490,519$477,003$457,645
4 years$396,706$381,612$367,185$353,392$340,203$321,488
5 years$314,192$299,188$284,950$271,439$258,617$240,600
6 years$259,200$244,310$230,282$217,072$204,634$187,337
7 years$219,936$205,171$191,366$178,467$166,423$149,851
8 years$190,501$175,869$162,293$149,711$138,064$122,217
9 years$167,619$153,126$139,783$127,521$116,270$101,140
10 years$149,325$134,973$121,866$109,924$99,067$84,646
11 years$134,366$120,159$107,289$95,667$85,201$71,474
12 years$121,910$107,848$95,216$83,913$73,834$60,785
13 years$111,378$97,463$85,069$74,082$64,384$51,998
14 years$102,358$88,591$76,435$65,762$56,439$44,697
15 years$94,548$80,930$69,011$58,648$49,693$38,576
16 years$87,721$74,251$62,569$52,513$43,919$33,407
17 years$81,704$68,383$56,935$47,183$38,942$29,013
18 years$76,361$63,189$51,974$42,521$34,625$25,260
19 years$71,586$58,563$47,580$38,421$30,862$22,038
20 years$67,294$54,419$43,666$34,798$27,567$19,261
21 years$63,416$50,689$40,165$31,581$24,669$16,861
22 years$59,895$47,317$37,018$28,715$22,112$14,780
23 years$56,685$44,254$34,179$26,151$19,849$12,971
24 years$53,746$41,463$31,610$23,851$17,841$11,395
25 years$51,047$38,911$29,277$21,782$16,054$10,019
26 years$48,560$36,570$27,153$19,917$14,461$8,816
27 years$46,261$34,417$25,214$18,230$13,038$7,763
28 years$44,130$32,431$23,440$16,703$11,764$6,840
29 years$42,149$30,595$21,813$15,317$10,623$6,030
30 years$40,304$28,894$20,318$14,057$9,598$5,318
31 years$38,582$27,314$18,942$12,910$8,678$4,692
32 years$36,970$25,845$17,673$11,865$7,850$4,141
33 years$35,459$24,475$16,501$10,911$7,104$3,656
34 years$34,040$23,197$15,418$10,039$6,432$3,229
35 years$32,705$22,002$14,415$9,241$5,826$2,852
36 years$31,447$20,883$13,485$8,511$5,278$2,520
37 years$30,260$19,834$12,621$7,842$4,784$2,227
38 years$29,138$18,850$11,819$7,228$4,337$1,968
39 years$28,076$17,924$11,073$6,664$3,933$1,740
40 years$27,070$17,053$10,379$6,147$3,567$1,538
41 years$26,115$16,233$9,732$5,671$3,236$1,360
42 years$25,208$15,460$9,129$5,234$2,937$1,203
43 years$24,346$14,730$8,567$4,832$2,665$1,063
44 years$23,525$14,041$8,041$4,461$2,419$941
45 years$22,743$13,389$7,550$4,120$2,196$832
46 years$21,997$12,773$7,092$3,806$1,994$736
47 years$21,285$12,189$6,662$3,516$1,811$651
48 years$20,605$11,636$6,261$3,249$1,644$576
49 years$19,954$11,112$5,885$3,003$1,493$509
50 years$19,332$10,615$5,533$2,775$1,357$451

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $19,800,000, adding $2,838 every year, while hoping to spend $31,565 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: 57/20/23 Blend
67$19,800,000$19,800,000$19,800,000$19,800,000
68$21,822,527$20,773,127$20,466,227$22,930,508
69$24,014,840$21,757,426$21,118,261$24,671,846
70$26,429,711$22,788,897$21,791,080$26,565,139
71$29,089,808$23,869,819$22,485,347$28,627,942
72$32,020,108$25,002,580$23,201,747$30,876,611
73$35,248,138$26,189,686$23,940,984$33,329,129
74$38,804,230$27,433,762$24,703,789$36,005,273
75$42,721,808$28,737,562$25,490,912$38,926,794
76$47,037,704$30,103,975$26,303,129$42,117,619
77$51,792,507$31,536,027$27,141,242$45,604,069
78$57,030,945$33,036,894$28,006,075$49,415,100
79$62,802,304$34,609,905$28,898,481$53,582,575
80$69,160,900$36,258,550$29,819,341$58,141,551
81$76,166,584$37,986,492$30,769,561$63,130,608
82$83,885,313$39,797,567$31,750,079$68,592,205
83$92,389,769$41,695,802$32,761,861$74,573,069
84$101,760,046$43,685,418$33,805,904$81,124,634
85$112,084,408$45,770,840$34,883,238$88,303,515
86$123,460,116$47,956,710$35,994,926$96,172,033
87$135,994,354$50,247,895$37,142,062$104,798,796
88$149,805,236$52,649,499$38,325,779$114,259,335
89$165,022,920$55,166,875$39,547,243$124,636,809
90$181,790,842$57,805,636$40,807,659$136,022,779
91$200,267,062$60,571,666$42,108,270$148,518,060
92$220,625,763$63,471,139$43,450,358$162,233,664
93$243,058,893$66,510,527$44,835,247$177,291,832
94$267,777,976$69,696,618$46,264,303$193,827,181
95$295,016,107$73,036,530$47,738,935$211,987,956
96$325,030,159$76,537,729$49,260,598$231,937,419
97$358,103,200$80,208,042$50,830,793$253,855,379
98$394,547,169$84,055,679$52,451,068$277,939,867
99$434,705,823$88,089,250$54,123,021$304,408,995
100$478,957,978$92,317,784$55,848,303$333,503,001