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%15.2%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,552,910
2 years$813,526$798,375$783,691$769,454$755,645$721,613
3 years$536,964$521,747$507,100$492,997$479,412$446,354
4 years$398,709$383,539$369,039$355,176$341,921$310,090
5 years$315,778$300,700$286,390$272,810$259,923$229,411
6 years$260,509$245,544$231,445$218,168$205,668$176,506
7 years$221,047$206,207$192,332$179,368$167,263$139,458
8 years$191,463$176,758$163,113$150,467$138,761$112,303
9 years$168,466$153,899$140,489$128,165$116,857$91,727
10 years$150,079$135,655$122,482$110,479$99,568$75,740
11 years$135,045$120,765$107,831$96,150$85,632$63,076
12 years$122,526$108,393$95,697$84,337$74,207$52,889
13 years$111,940$97,955$85,499$74,457$64,710$44,592
14 years$102,875$89,039$76,821$66,094$56,724$37,767
15 years$95,026$81,338$69,359$58,944$49,944$32,106
16 years$88,165$74,626$62,885$52,778$44,141$27,379
17 years$82,117$68,728$57,222$47,421$39,138$23,408
18 years$76,747$63,508$52,237$42,736$34,800$20,057
19 years$71,948$58,858$47,820$38,615$31,018$17,217
20 years$67,634$54,694$43,887$34,974$27,706$14,803
21 years$63,736$50,945$40,367$31,741$24,794$12,745
22 years$60,197$47,556$37,205$28,860$22,224$10,985
23 years$56,971$44,478$34,352$26,283$19,950$9,477
24 years$54,018$41,673$31,770$23,972$17,931$8,183
25 years$51,305$39,108$29,425$21,892$16,135$7,071
26 years$48,805$36,755$27,290$20,017$14,534$6,114
27 years$46,495$34,591$25,342$18,322$13,104$5,289
28 years$44,353$32,595$23,558$16,787$11,824$4,578
29 years$42,362$30,749$21,923$15,394$10,676$3,964
30 years$40,508$29,040$20,420$14,128$9,647$3,433
31 years$38,776$27,452$19,037$12,975$8,722$2,974
32 years$37,157$25,975$17,762$11,925$7,889$2,578
33 years$35,638$24,599$16,585$10,966$7,140$2,234
34 years$34,212$23,314$15,496$10,090$6,464$1,937
35 years$32,870$22,113$14,487$9,288$5,855$1,680
36 years$31,606$20,989$13,553$8,554$5,305$1,457
37 years$30,413$19,934$12,685$7,881$4,808$1,263
38 years$29,285$18,945$11,879$7,264$4,359$1,096
39 years$28,218$18,015$11,129$6,698$3,953$951
40 years$27,206$17,139$10,432$6,178$3,585$825
41 years$26,247$16,315$9,781$5,700$3,253$716
42 years$25,336$15,538$9,175$5,260$2,952$621
43 years$24,469$14,805$8,610$4,856$2,679$539
44 years$23,644$14,112$8,082$4,484$2,431$468
45 years$22,858$13,457$7,589$4,141$2,207$406
46 years$22,108$12,837$7,127$3,825$2,004$352
47 years$21,393$12,251$6,696$3,534$1,820$306
48 years$20,709$11,695$6,292$3,265$1,653$265
49 years$20,055$11,168$5,914$3,018$1,501$230
50 years$19,429$10,668$5,560$2,789$1,363$200

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 $2,700 every year, while hoping to spend $42,058 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: 71/12/17 Blend
67$19,900,000$19,900,000$19,900,000$19,900,000
68$21,932,585$20,877,885$20,569,435$23,402,314
69$24,124,959$21,856,152$21,213,762$25,358,014
70$26,539,546$22,880,944$21,878,264$27,493,104
71$29,198,967$23,954,498$22,563,573$29,829,554
72$32,128,149$25,079,155$23,270,339$32,387,278
73$35,354,560$26,257,374$23,999,236$35,188,194
74$38,908,470$27,491,730$24,750,955$38,256,432
75$42,823,232$28,784,923$25,526,210$41,618,554
76$47,135,602$30,139,784$26,325,738$45,303,804
77$51,886,082$31,559,283$27,150,300$49,344,380
78$57,119,305$33,046,530$28,000,677$53,775,732
79$62,884,453$34,604,789$28,877,679$58,636,894
80$69,235,724$36,237,481$29,782,138$63,970,849
81$76,232,842$37,948,191$30,714,914$69,824,929
82$83,941,621$39,740,682$31,676,892$76,251,257
83$92,434,586$41,618,894$32,668,987$83,307,235
84$101,791,657$43,586,964$33,692,142$91,056,081
85$112,100,904$45,649,224$34,747,327$99,567,419
86$123,459,380$47,810,219$35,835,546$108,917,933
87$135,974,032$50,074,715$36,957,832$119,192,082
88$149,762,715$52,447,708$38,115,251$130,482,896
89$164,955,303$54,934,436$39,308,903$142,892,842
90$181,694,913$57,540,393$40,539,921$156,534,789
91$200,139,260$60,271,338$41,809,474$171,533,068
92$220,462,142$63,133,311$43,118,769$188,024,633
93$242,855,081$66,132,644$44,469,048$206,160,351
94$267,529,133$69,275,977$45,861,594$226,106,418
95$294,716,876$72,570,272$47,297,730$248,045,918
96$324,674,613$76,022,830$48,778,820$272,180,543
97$357,684,782$79,641,308$50,306,269$298,732,492
98$394,058,630$83,433,731$51,881,528$327,946,556
99$434,139,144$87,408,519$53,506,094$360,092,417
100$478,304,297$91,574,496$55,181,508$395,467,192