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%19.7%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,525,098
2 years$813,526$798,375$783,691$769,454$755,645$694,173
3 years$536,964$521,747$507,100$492,997$479,412$420,159
4 years$398,709$383,539$369,039$355,176$341,921$285,338
5 years$315,778$300,700$286,390$272,810$259,923$206,155
6 years$260,509$245,544$231,445$218,168$205,668$154,751
7 years$221,047$206,207$192,332$179,368$167,263$119,179
8 years$191,463$176,758$163,113$150,467$138,761$93,463
9 years$168,466$153,899$140,489$128,165$116,857$74,278
10 years$150,079$135,655$122,482$110,479$99,568$59,628
11 years$135,045$120,765$107,831$96,150$85,632$48,239
12 years$122,526$108,393$95,697$84,337$74,207$39,262
13 years$111,940$97,955$85,499$74,457$64,710$32,110
14 years$102,875$89,039$76,821$66,094$56,724$26,362
15 years$95,026$81,338$69,359$58,944$49,944$21,710
16 years$88,165$74,626$62,885$52,778$44,141$17,923
17 years$82,117$68,728$57,222$47,421$39,138$14,828
18 years$76,747$63,508$52,237$42,736$34,800$12,288
19 years$71,948$58,858$47,820$38,615$31,018$10,197
20 years$67,634$54,694$43,887$34,974$27,706$8,471
21 years$63,736$50,945$40,367$31,741$24,794$7,045
22 years$60,197$47,556$37,205$28,860$22,224$5,863
23 years$56,971$44,478$34,352$26,283$19,950$4,882
24 years$54,018$41,673$31,770$23,972$17,931$4,068
25 years$51,305$39,108$29,425$21,892$16,135$3,391
26 years$48,805$36,755$27,290$20,017$14,534$2,827
27 years$46,495$34,591$25,342$18,322$13,104$2,358
28 years$44,353$32,595$23,558$16,787$11,824$1,968
29 years$42,362$30,749$21,923$15,394$10,676$1,642
30 years$40,508$29,040$20,420$14,128$9,647$1,371
31 years$38,776$27,452$19,037$12,975$8,722$1,144
32 years$37,157$25,975$17,762$11,925$7,889$955
33 years$35,638$24,599$16,585$10,966$7,140$798
34 years$34,212$23,314$15,496$10,090$6,464$666
35 years$32,870$22,113$14,487$9,288$5,855$556
36 years$31,606$20,989$13,553$8,554$5,305$465
37 years$30,413$19,934$12,685$7,881$4,808$388
38 years$29,285$18,945$11,879$7,264$4,359$324
39 years$28,218$18,015$11,129$6,698$3,953$271
40 years$27,206$17,139$10,432$6,178$3,585$226
41 years$26,247$16,315$9,781$5,700$3,253$189
42 years$25,336$15,538$9,175$5,260$2,952$158
43 years$24,469$14,805$8,610$4,856$2,679$132
44 years$23,644$14,112$8,082$4,484$2,431$110
45 years$22,858$13,457$7,589$4,141$2,207$92
46 years$22,108$12,837$7,127$3,825$2,004$77
47 years$21,393$12,251$6,696$3,534$1,820$64
48 years$20,709$11,695$6,292$3,265$1,653$54
49 years$20,055$11,168$5,914$3,018$1,501$45
50 years$19,429$10,668$5,560$2,789$1,363$37

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 $4,985 every year, while hoping to spend $20,237 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: 38/33/29 Blend
67$19,900,000$19,900,000$19,900,000$19,900,000
68$21,934,942$20,880,242$20,571,792$22,578,932
69$24,150,774$21,881,842$21,239,415$24,055,379
70$26,591,943$22,931,842$21,928,725$25,647,761
71$29,281,411$24,032,592$22,640,428$27,368,403
72$32,244,483$25,186,558$23,375,250$29,228,971
73$35,509,045$26,396,323$24,133,945$31,242,264
74$39,105,824$27,664,599$24,917,289$33,422,320
75$43,068,682$28,994,229$25,726,082$35,784,543
76$47,434,935$30,388,193$26,561,153$38,345,839
77$52,245,702$31,849,619$27,423,356$41,124,768
78$57,546,299$33,381,786$28,313,574$44,141,704
79$63,386,660$34,988,132$29,232,717$47,419,021
80$69,821,813$36,672,264$30,181,727$50,981,294
81$76,912,398$38,437,964$31,161,574$54,855,517
82$84,725,238$40,289,200$32,173,263$59,071,346
83$93,333,973$42,230,132$33,217,828$63,661,369
84$102,819,752$44,265,122$34,296,338$68,661,400
85$113,272,000$46,398,746$35,409,899$74,110,801
86$124,789,263$48,635,804$36,559,650$80,052,842
87$137,480,139$50,981,329$37,746,769$86,535,095
88$151,464,298$53,440,599$38,972,470$93,609,865
89$166,873,618$56,019,150$40,238,010$101,334,669
90$183,853,428$58,722,790$41,544,685$109,772,765
91$202,563,878$61,557,607$42,893,832$118,993,725
92$223,181,452$64,529,988$44,286,834$129,074,080
93$245,900,634$67,646,631$45,725,117$140,098,018
94$270,935,746$70,914,563$47,210,155$152,158,161
95$298,522,965$74,341,150$48,743,468$165,356,419
96$328,922,562$77,934,121$50,326,629$179,804,928
97$362,421,351$81,701,580$51,961,259$195,627,087
98$399,335,400$85,652,029$53,649,032$212,958,696
99$440,013,015$89,794,382$55,391,678$231,949,217
100$484,838,026$94,137,991$57,190,984$252,763,156