Can I retire at age 68 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,573,558
2 years$813,526$798,375$783,691$769,454$755,645$742,244
3 years$536,964$521,747$507,100$492,997$479,412$466,322
4 years$398,709$383,539$369,039$355,176$341,921$329,243
5 years$315,778$300,700$286,390$272,810$259,923$247,693
6 years$260,509$245,544$231,445$218,168$205,668$193,903
7 years$221,047$206,207$192,332$179,368$167,263$155,968
8 years$191,463$176,758$163,113$150,467$138,761$127,935
9 years$168,466$153,899$140,489$128,165$116,857$106,497
10 years$150,079$135,655$122,482$110,479$99,568$89,668
11 years$135,045$120,765$107,831$96,150$85,632$76,184
12 years$122,526$108,393$95,697$84,337$74,207$65,203
13 years$111,940$97,955$85,499$74,457$64,710$56,140
14 years$102,875$89,039$76,821$66,094$56,724$48,578
15 years$95,026$81,338$69,359$58,944$49,944$42,210
16 years$88,165$74,626$62,885$52,778$44,141$36,806
17 years$82,117$68,728$57,222$47,421$39,138$32,190
18 years$76,747$63,508$52,237$42,736$34,800$28,225
19 years$71,948$58,858$47,820$38,615$31,018$24,804
20 years$67,634$54,694$43,887$34,974$27,706$21,839
21 years$63,736$50,945$40,367$31,741$24,794$19,260
22 years$60,197$47,556$37,205$28,860$22,224$17,011
23 years$56,971$44,478$34,352$26,283$19,950$15,043
24 years$54,018$41,673$31,770$23,972$17,931$13,318
25 years$51,305$39,108$29,425$21,892$16,135$11,802
26 years$48,805$36,755$27,290$20,017$14,534$10,467
27 years$46,495$34,591$25,342$18,322$13,104$9,290
28 years$44,353$32,595$23,558$16,787$11,824$8,252
29 years$42,362$30,749$21,923$15,394$10,676$7,333
30 years$40,508$29,040$20,420$14,128$9,647$6,520
31 years$38,776$27,452$19,037$12,975$8,722$5,800
32 years$37,157$25,975$17,762$11,925$7,889$5,162
33 years$35,638$24,599$16,585$10,966$7,140$4,595
34 years$34,212$23,314$15,496$10,090$6,464$4,092
35 years$32,870$22,113$14,487$9,288$5,855$3,645
36 years$31,606$20,989$13,553$8,554$5,305$3,248
37 years$30,413$19,934$12,685$7,881$4,808$2,895
38 years$29,285$18,945$11,879$7,264$4,359$2,580
39 years$28,218$18,015$11,129$6,698$3,953$2,300
40 years$27,206$17,139$10,432$6,178$3,585$2,051
41 years$26,247$16,315$9,781$5,700$3,253$1,829
42 years$25,336$15,538$9,175$5,260$2,952$1,632
43 years$24,469$14,805$8,610$4,856$2,679$1,456
44 years$23,644$14,112$8,082$4,484$2,431$1,299
45 years$22,858$13,457$7,589$4,141$2,207$1,159
46 years$22,108$12,837$7,127$3,825$2,004$1,034
47 years$21,393$12,251$6,696$3,534$1,820$922
48 years$20,709$11,695$6,292$3,265$1,653$823
49 years$20,055$11,168$5,914$3,018$1,501$735
50 years$19,429$10,668$5,560$2,789$1,363$656

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $19,900,000, adding $5,392 every year, while hoping to spend $47,560 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: 31/49/20 Blend
67$19,900,000$19,900,000$19,900,000$19,900,000
68$21,935,362$20,880,662$20,572,212$22,478,357
69$24,122,165$21,853,211$21,210,777$23,860,805
70$26,530,429$22,871,821$21,869,141$25,343,274
71$29,182,691$23,938,698$22,547,916$26,938,131
72$32,103,787$25,056,157$23,247,733$28,655,179
73$35,321,087$26,226,621$23,969,245$30,505,149
74$38,864,746$27,452,634$24,713,123$32,499,788
75$42,767,997$28,736,860$25,480,059$34,651,964
76$47,067,459$30,082,093$26,270,768$36,975,769
77$51,803,486$31,491,262$27,085,985$39,486,646
78$57,020,546$32,967,437$27,926,469$42,201,522
79$62,767,638$34,513,838$28,793,002$45,138,953
80$69,098,759$36,133,839$29,686,391$48,319,286
81$76,073,413$37,830,977$30,607,465$51,764,839
82$83,757,169$39,608,963$31,557,083$55,500,097
83$92,222,283$41,471,684$32,536,128$59,551,923
84$101,548,377$43,423,219$33,545,510$63,949,804
85$111,823,195$45,467,840$34,586,168$68,726,106
86$123,143,426$47,610,029$35,659,069$73,916,362
87$135,615,620$49,854,485$36,765,213$79,559,593
88$149,357,192$52,206,133$37,905,626$85,698,657
89$164,497,531$54,670,139$39,081,370$92,380,629
90$181,179,220$57,251,917$40,293,537$99,657,227
91$199,559,385$59,957,145$41,543,255$107,585,280
92$219,811,173$62,791,776$42,831,684$116,227,239
93$242,125,390$65,762,050$44,160,023$125,651,743
94$266,712,301$68,874,513$45,529,506$135,934,242
95$293,803,617$72,136,025$46,941,405$147,157,682
96$323,654,676$75,553,780$48,397,032$159,413,263
97$356,546,861$79,135,323$49,897,741$172,801,266
98$392,790,250$82,888,564$51,444,925$187,431,975
99$432,726,546$86,821,794$53,040,020$203,426,683
100$476,732,303$90,943,711$54,684,510$220,918,804