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%11.3%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,570,246
2 years$809,438$794,363$779,753$765,588$751,848$743,136
3 years$534,265$519,125$504,552$490,519$477,003$468,483
4 years$396,706$381,612$367,185$353,392$340,203$331,939
5 years$314,192$299,188$284,950$271,439$258,617$250,635
6 years$259,200$244,310$230,282$217,072$204,634$196,945
7 years$219,936$205,171$191,366$178,467$166,423$159,029
8 years$190,501$175,869$162,293$149,711$138,064$130,966
9 years$167,619$153,126$139,783$127,521$116,270$109,466
10 years$149,325$134,973$121,866$109,924$99,067$92,555
11 years$134,366$120,159$107,289$95,667$85,201$78,976
12 years$121,910$107,848$95,216$83,913$73,834$67,890
13 years$111,378$97,463$85,069$74,082$64,384$58,716
14 years$102,358$88,591$76,435$65,762$56,439$51,040
15 years$94,548$80,930$69,011$58,648$49,693$44,557
16 years$87,721$74,251$62,569$52,513$43,919$39,038
17 years$81,704$68,383$56,935$47,183$38,942$34,308
18 years$76,361$63,189$51,974$42,521$34,625$30,231
19 years$71,586$58,563$47,580$38,421$30,862$26,700
20 years$67,294$54,419$43,666$34,798$27,567$23,628
21 years$63,416$50,689$40,165$31,581$24,669$20,946
22 years$59,895$47,317$37,018$28,715$22,112$18,597
23 years$56,685$44,254$34,179$26,151$19,849$16,533
24 years$53,746$41,463$31,610$23,851$17,841$14,715
25 years$51,047$38,911$29,277$21,782$16,054$13,111
26 years$48,560$36,570$27,153$19,917$14,461$11,692
27 years$46,261$34,417$25,214$18,230$13,038$10,435
28 years$44,130$32,431$23,440$16,703$11,764$9,320
29 years$42,149$30,595$21,813$15,317$10,623$8,329
30 years$40,304$28,894$20,318$14,057$9,598$7,448
31 years$38,582$27,314$18,942$12,910$8,678$6,664
32 years$36,970$25,845$17,673$11,865$7,850$5,964
33 years$35,459$24,475$16,501$10,911$7,104$5,341
34 years$34,040$23,197$15,418$10,039$6,432$4,784
35 years$32,705$22,002$14,415$9,241$5,826$4,286
36 years$31,447$20,883$13,485$8,511$5,278$3,842
37 years$30,260$19,834$12,621$7,842$4,784$3,444
38 years$29,138$18,850$11,819$7,228$4,337$3,088
39 years$28,076$17,924$11,073$6,664$3,933$2,770
40 years$27,070$17,053$10,379$6,147$3,567$2,485
41 years$26,115$16,233$9,732$5,671$3,236$2,229
42 years$25,208$15,460$9,129$5,234$2,937$2,000
43 years$24,346$14,730$8,567$4,832$2,665$1,795
44 years$23,525$14,041$8,041$4,461$2,419$1,611
45 years$22,743$13,389$7,550$4,120$2,196$1,446
46 years$21,997$12,773$7,092$3,806$1,994$1,298
47 years$21,285$12,189$6,662$3,516$1,811$1,166
48 years$20,605$11,636$6,261$3,249$1,644$1,047
49 years$19,954$11,112$5,885$3,003$1,493$940
50 years$19,332$10,615$5,533$2,775$1,357$844

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 $6,344 every year, while hoping to spend $48,578 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: 46/46/8 Blend
67$19,800,000$19,800,000$19,800,000$19,800,000
68$21,826,144$20,776,744$20,469,844$22,781,693
69$24,000,724$21,743,118$21,103,897$24,406,970
70$26,395,483$22,755,216$21,757,563$26,163,461
71$29,032,828$23,815,227$22,431,447$28,067,720
72$31,937,450$24,925,447$23,126,174$30,133,422
73$35,136,557$26,088,280$23,842,387$32,375,572
74$38,660,129$27,306,249$24,580,751$34,810,641
75$42,541,204$28,581,998$25,341,948$37,456,708
76$46,816,188$29,918,297$26,126,685$40,333,624
77$51,525,198$31,318,052$26,935,687$43,463,187
78$56,712,439$32,784,308$27,769,704$46,869,338
79$62,426,628$34,320,258$28,629,508$50,578,376
80$68,721,443$35,929,250$29,515,896$54,619,193
81$75,656,039$37,614,792$30,429,688$59,023,538
82$83,295,602$39,380,564$31,371,729$63,826,299
83$91,711,963$41,230,422$32,342,892$69,065,822
84$100,984,280$43,168,409$33,344,076$74,784,261
85$111,199,781$45,198,766$34,376,207$81,027,955
86$122,454,589$47,325,935$35,440,240$87,847,853
87$134,854,629$49,554,578$36,537,159$95,299,983
88$148,516,627$51,889,578$37,667,980$103,445,956
89$163,569,214$54,336,059$38,833,749$112,353,536
90$180,154,138$56,899,390$40,035,543$122,097,257
91$198,427,601$59,585,201$41,274,475$132,759,113
92$218,561,736$62,399,396$42,551,690$144,429,303
93$240,746,231$65,348,163$43,868,369$157,207,068
94$265,190,116$68,437,993$45,225,729$171,201,602
95$292,123,743$71,675,690$46,625,026$186,533,063
96$321,800,953$75,068,387$48,067,552$203,333,678
97$354,501,477$78,623,564$49,554,642$221,748,967
98$390,533,574$82,349,066$51,087,669$241,939,092
99$430,236,943$86,253,114$52,668,051$264,080,338
100$473,985,927$90,344,333$54,297,247$288,366,750