Can I retire at age 68 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,574,899
2 years$817,615$802,387$787,630$773,321$759,442$739,389
3 years$539,662$524,369$509,648$495,474$481,821$462,267
4 years$400,713$385,467$370,894$356,961$343,639$324,735
5 years$317,365$302,211$287,829$274,180$261,229$243,030
6 years$261,818$246,778$232,608$219,264$206,701$189,229
7 years$222,157$207,243$193,299$180,269$168,104$151,365
8 years$192,425$177,646$163,933$151,223$139,458$123,451
9 years$169,313$154,673$141,195$128,809$117,444$102,162
10 years$150,833$136,336$123,097$111,034$100,068$85,501
11 years$135,724$121,372$108,373$96,633$86,062$72,196
12 years$123,141$108,937$96,178$84,760$74,579$61,399
13 years$112,503$98,447$85,929$74,831$65,035$52,523
14 years$103,392$89,486$77,207$66,426$57,009$45,148
15 years$95,503$81,747$69,708$59,241$50,195$38,966
16 years$88,608$75,001$63,201$53,044$44,363$33,744
17 years$82,529$69,073$57,510$47,659$39,335$29,306
18 years$77,132$63,827$52,499$42,951$34,975$25,515
19 years$72,309$59,154$48,060$38,809$31,174$22,260
20 years$67,974$54,969$44,107$35,149$27,845$19,456
21 years$64,056$51,201$40,570$31,900$24,918$17,031
22 years$60,500$47,795$37,392$29,005$22,336$14,929
23 years$57,257$44,701$34,525$26,415$20,050$13,102
24 years$54,289$41,882$31,930$24,092$18,021$11,510
25 years$51,563$39,304$29,573$22,002$16,216$10,120
26 years$49,051$36,940$27,428$20,118$14,607$8,905
27 years$46,728$34,765$25,469$18,414$13,170$7,842
28 years$44,576$32,759$23,677$16,871$11,883$6,909
29 years$42,575$30,904$22,033$15,471$10,730$6,090
30 years$40,711$29,186$20,523$14,199$9,695$5,371
31 years$38,971$27,590$19,133$13,041$8,766$4,739
32 years$37,343$26,106$17,851$11,985$7,929$4,183
33 years$35,817$24,723$16,668$11,021$7,176$3,693
34 years$34,384$23,431$15,574$10,140$6,497$3,261
35 years$33,035$22,224$14,560$9,335$5,884$2,881
36 years$31,765$21,094$13,621$8,597$5,332$2,545
37 years$30,565$20,035$12,749$7,921$4,832$2,249
38 years$29,432$19,040$11,939$7,301$4,381$1,988
39 years$28,360$18,105$11,185$6,732$3,973$1,757
40 years$27,343$17,226$10,484$6,209$3,603$1,554
41 years$26,379$16,397$9,831$5,729$3,269$1,374
42 years$25,463$15,616$9,221$5,287$2,966$1,215
43 years$24,592$14,879$8,653$4,880$2,692$1,074
44 years$23,763$14,183$8,122$4,506$2,444$950
45 years$22,973$13,525$7,627$4,162$2,218$840
46 years$22,219$12,902$7,163$3,844$2,014$743
47 years$21,500$12,312$6,730$3,552$1,829$658
48 years$20,813$11,754$6,324$3,282$1,661$582
49 years$20,156$11,224$5,944$3,033$1,509$515
50 years$19,527$10,722$5,588$2,803$1,370$455

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $20,000,000, adding $4,804 every year, while hoping to spend $56,008 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: 31/48/21 Blend
67$20,000,000$20,000,000$20,000,000$20,000,000
68$22,044,955$20,984,955$20,674,955$22,584,223
69$24,233,949$21,953,626$21,307,974$23,961,173
70$26,644,342$22,967,885$21,960,322$25,437,010
71$29,298,660$24,029,905$22,632,587$27,024,552
72$32,221,720$25,141,968$23,325,376$28,733,557
73$35,440,873$26,306,461$24,039,313$30,574,707
74$38,986,254$27,525,890$24,775,042$32,559,698
75$42,891,071$28,802,878$25,533,226$34,701,340
76$47,191,919$30,140,178$26,314,548$37,013,668
77$51,929,122$31,540,674$27,119,712$39,512,062
78$57,147,113$33,007,387$27,949,443$42,213,382
79$62,894,858$34,543,489$28,804,489$45,136,113
80$69,226,313$36,152,299$29,685,619$48,300,528
81$76,200,936$37,837,301$30,593,626$51,728,865
82$83,884,247$39,602,144$31,529,328$55,445,521
83$92,348,447$41,450,656$32,493,567$59,477,272
84$101,673,097$43,386,847$33,487,210$63,853,505
85$111,945,872$45,414,922$34,511,151$68,606,484
86$123,263,387$47,539,289$35,566,311$73,771,633
87$135,732,109$49,764,570$36,653,638$79,387,857
88$149,469,359$52,095,609$37,774,111$85,497,887
89$164,604,425$54,537,486$38,928,735$92,148,666
90$181,279,778$57,095,523$40,118,548$99,391,771
91$199,652,416$59,775,305$41,344,620$107,283,880
92$219,895,349$62,582,681$42,608,052$115,887,281
93$242,199,230$65,523,789$43,909,978$125,270,441
94$266,774,156$68,605,059$45,251,566$135,508,625
95$293,851,649$71,833,235$46,634,022$146,684,584
96$323,686,841$75,215,388$48,058,586$158,889,306
97$356,560,886$78,758,929$49,526,536$172,222,847
98$392,783,610$82,471,631$51,039,189$186,795,251
99$432,696,438$86,361,640$52,597,902$202,727,550
100$476,675,615$90,437,500$54,204,071$220,152,885