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

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,542,591
2 years$809,438$794,363$779,753$765,588$751,848$715,487
3 years$534,265$519,125$504,552$490,519$477,003$441,707
4 years$396,706$381,612$367,185$353,392$340,203$306,243
5 years$314,192$299,188$284,950$271,439$258,617$226,089
6 years$259,200$244,310$230,282$217,072$204,634$173,572
7 years$219,936$205,171$191,366$178,467$166,423$136,831
8 years$190,501$175,869$162,293$149,711$138,064$109,930
9 years$167,619$153,126$139,783$127,521$116,270$89,574
10 years$149,325$134,973$121,866$109,924$99,067$73,780
11 years$134,366$120,159$107,289$95,667$85,201$61,288
12 years$121,910$107,848$95,216$83,913$73,834$51,255
13 years$111,378$97,463$85,069$74,082$64,384$43,100
14 years$102,358$88,591$76,435$65,762$56,439$36,404
15 years$94,548$80,930$69,011$58,648$49,693$30,861
16 years$87,721$74,251$62,569$52,513$43,919$26,242
17 years$81,704$68,383$56,935$47,183$38,942$22,372
18 years$76,361$63,189$51,974$42,521$34,625$19,113
19 years$71,586$58,563$47,580$38,421$30,862$16,358
20 years$67,294$54,419$43,666$34,798$27,567$14,022
21 years$63,416$50,689$40,165$31,581$24,669$12,035
22 years$59,895$47,317$37,018$28,715$22,112$10,341
23 years$56,685$44,254$34,179$26,151$19,849$8,894
24 years$53,746$41,463$31,610$23,851$17,841$7,656
25 years$51,047$38,911$29,277$21,782$16,054$6,594
26 years$48,560$36,570$27,153$19,917$14,461$5,683
27 years$46,261$34,417$25,214$18,230$13,038$4,901
28 years$44,130$32,431$23,440$16,703$11,764$4,228
29 years$42,149$30,595$21,813$15,317$10,623$3,649
30 years$40,304$28,894$20,318$14,057$9,598$3,150
31 years$38,582$27,314$18,942$12,910$8,678$2,720
32 years$36,970$25,845$17,673$11,865$7,850$2,349
33 years$35,459$24,475$16,501$10,911$7,104$2,030
34 years$34,040$23,197$15,418$10,039$6,432$1,754
35 years$32,705$22,002$14,415$9,241$5,826$1,516
36 years$31,447$20,883$13,485$8,511$5,278$1,310
37 years$30,260$19,834$12,621$7,842$4,784$1,132
38 years$29,138$18,850$11,819$7,228$4,337$979
39 years$28,076$17,924$11,073$6,664$3,933$846
40 years$27,070$17,053$10,379$6,147$3,567$732
41 years$26,115$16,233$9,732$5,671$3,236$633
42 years$25,208$15,460$9,129$5,234$2,937$547
43 years$24,346$14,730$8,567$4,832$2,665$473
44 years$23,525$14,041$8,041$4,461$2,419$409
45 years$22,743$13,389$7,550$4,120$2,196$354
46 years$21,997$12,773$7,092$3,806$1,994$306
47 years$21,285$12,189$6,662$3,516$1,811$265
48 years$20,605$11,636$6,261$3,249$1,644$229
49 years$19,954$11,112$5,885$3,003$1,493$198
50 years$19,332$10,615$5,533$2,775$1,357$171

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 $5,490 every year, while hoping to spend $42,817 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: 55/20/25 Blend
67$19,800,000$19,800,000$19,800,000$19,800,000
68$21,825,263$20,775,863$20,468,963$22,875,316
69$24,005,883$21,748,323$21,109,116$24,570,215
70$26,407,491$22,766,999$21,769,280$26,410,225
71$29,052,583$23,834,110$22,450,078$28,413,306
72$31,965,947$24,951,982$23,152,157$30,595,138
73$35,174,899$26,123,055$23,876,180$32,972,962
74$38,709,541$27,349,886$24,622,833$35,565,734
75$42,603,039$28,635,156$25,392,824$38,394,304
76$46,891,946$29,981,676$26,186,880$41,481,604
77$51,616,539$31,392,392$27,005,755$44,852,856
78$56,821,201$32,870,394$27,850,222$48,535,813
79$62,554,841$34,418,921$28,721,083$52,561,003
80$68,871,356$36,041,369$29,619,160$56,962,018
81$75,830,136$37,741,299$30,545,304$61,775,822
82$83,496,630$39,522,443$31,500,392$67,043,094
83$91,942,959$41,388,715$32,485,328$72,808,600
84$101,248,599$43,344,219$33,501,044$79,121,613
85$111,501,128$45,393,258$34,548,501$86,036,366
86$122,797,058$47,540,343$35,628,691$93,612,557
87$135,242,742$49,790,204$36,742,636$101,915,903
88$148,955,378$52,147,800$37,891,391$111,018,751
89$164,064,116$54,618,331$39,076,041$121,000,750
90$180,711,276$57,207,250$40,297,709$131,949,596
91$199,053,694$59,920,274$41,557,551$143,961,844
92$219,264,200$62,763,396$42,856,758$157,143,813
93$241,533,249$65,742,903$44,196,560$171,612,573
94$266,070,720$68,865,385$45,578,224$187,497,043
95$293,107,898$72,137,753$47,003,059$204,939,191
96$322,899,653$75,567,252$48,472,411$224,095,366
97$355,726,852$79,161,482$49,987,670$245,137,752
98$391,899,005$82,928,409$51,550,272$268,255,986
99$431,757,190$86,876,387$53,161,693$293,658,931
100$475,677,271$91,014,179$54,823,457$321,576,630