Can I retire at age 68 with 19,100,000?

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 $19,100,000?

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%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,503,406
2 years$780,822$766,280$752,186$738,521$725,267$705,493
3 years$515,377$500,772$486,714$473,178$460,139$440,861
4 years$382,681$368,121$354,203$340,898$328,175$309,541
5 years$303,084$288,611$274,876$261,842$249,474$231,537
6 years$250,036$235,673$222,141$209,397$197,400$180,184
7 years$212,160$197,918$184,600$172,157$160,539$144,049
8 years$183,766$169,652$156,556$144,418$133,183$117,417
9 years$161,694$147,712$134,841$123,012$112,159$97,111
10 years$144,046$130,201$117,558$106,038$95,565$81,224
11 years$129,616$115,911$103,496$92,285$82,189$68,542
12 years$117,600$104,035$91,850$80,946$71,223$58,255
13 years$107,440$94,017$82,062$71,463$62,108$49,801
14 years$98,740$85,459$73,733$63,437$54,444$42,780
15 years$91,206$78,068$66,571$56,575$47,936$36,896
16 years$84,620$71,626$60,356$50,657$42,366$31,930
17 years$78,815$65,965$54,922$45,515$37,565$27,711
18 years$73,661$60,955$50,137$41,018$33,401$24,109
19 years$69,055$56,492$45,898$37,063$29,771$21,018
20 years$64,915$52,495$42,123$33,568$26,592$18,357
21 years$61,174$48,897$38,745$30,465$23,797$16,057
22 years$57,777$45,644$35,709$27,700$21,331$14,065
23 years$54,681$42,690$32,971$25,226$19,148$12,334
24 years$51,846$39,998$30,493$23,008$17,210$10,826
25 years$49,243$37,536$28,242$21,012$15,487$9,512
26 years$46,843$35,278$26,193$19,213$13,950$8,363
27 years$44,626$33,200$24,323$17,586$12,577$7,358
28 years$42,570$31,284$22,611$16,112$11,348$6,478
29 years$40,659$29,513$21,042$14,775$10,247$5,706
30 years$38,879$27,872$19,600$13,560$9,259$5,028
31 years$37,218$26,348$18,272$12,454$8,371$4,433
32 years$35,663$24,931$17,048$11,445$7,572$3,909
33 years$34,205$23,610$15,918$10,525$6,853$3,448
34 years$32,836$22,377$14,873$9,684$6,205$3,043
35 years$31,549$21,224$13,905$8,915$5,620$2,686
36 years$30,335$20,145$13,008$8,210$5,092$2,371
37 years$29,190$19,133$12,175$7,564$4,615$2,093
38 years$28,108$18,183$11,401$6,972$4,184$1,849
39 years$27,083$17,290$10,682$6,429$3,794$1,633
40 years$26,113$16,450$10,012$5,930$3,441$1,442
41 years$25,192$15,659$9,388$5,471$3,122$1,274
42 years$24,317$14,913$8,806$5,049$2,833$1,126
43 years$23,485$14,209$8,264$4,661$2,571$995
44 years$22,694$13,545$7,757$4,303$2,334$879
45 years$21,939$12,916$7,283$3,974$2,119$777
46 years$21,220$12,321$6,841$3,671$1,924$686
47 years$20,533$11,758$6,427$3,392$1,747$607
48 years$19,876$11,225$6,039$3,134$1,586$536
49 years$19,249$10,719$5,677$2,896$1,441$474
50 years$18,648$10,239$5,337$2,677$1,309$419

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $19,100,000, adding $4,971 every year, while hoping to spend $51,794 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: 68/27/5 Blend
67$19,100,000$19,100,000$19,100,000$19,100,000
68$21,053,328$20,041,028$19,744,978$22,472,631
69$23,145,659$20,967,930$20,351,326$24,339,476
70$25,449,671$21,938,514$20,976,251$26,373,349
71$27,986,903$22,954,866$21,620,320$28,595,943
72$30,781,085$24,019,172$22,284,119$31,025,693
73$33,858,369$25,133,725$22,968,250$33,682,873
74$37,247,570$26,300,925$23,673,334$36,589,792
75$40,980,443$27,523,291$24,400,012$39,770,990
76$45,091,978$28,803,462$25,148,942$43,253,470
77$49,620,732$30,144,204$25,920,804$47,066,944
78$54,609,195$31,548,418$26,716,299$51,244,109
79$60,104,186$33,019,144$27,536,148$55,820,948
80$66,157,299$34,559,568$28,381,095$60,837,065
81$72,825,388$36,173,032$29,251,906$66,336,050
82$80,171,104$37,863,036$30,149,371$72,365,884
83$88,263,484$39,633,253$31,074,303$78,979,384
84$97,178,607$41,487,530$32,027,540$86,234,692
85$107,000,309$43,429,903$33,009,947$94,195,820
86$117,820,974$45,464,601$34,022,413$102,933,240
87$129,742,405$47,596,058$35,065,855$112,524,543
88$142,876,788$49,828,923$36,141,219$123,055,164
89$157,347,749$52,168,069$37,249,479$134,619,173
90$173,291,520$54,618,605$38,391,637$147,320,155
91$190,858,226$57,185,888$39,568,728$161,272,181
92$210,213,302$59,875,533$40,781,817$176,600,864
93$231,539,053$62,693,429$42,032,002$193,444,544
94$255,036,377$65,645,747$43,320,415$211,955,570
95$280,926,658$68,738,959$44,648,219$232,301,733
96$309,453,860$71,979,851$46,016,617$254,667,834
97$340,886,826$75,375,536$47,426,846$279,257,413
98$375,521,817$78,933,472$48,880,181$306,294,655
99$413,685,311$82,661,481$50,377,936$336,026,490
100$455,737,079$86,567,760$51,921,463$368,724,912