Can I retire at age 68 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,483,213
2 years$784,910$770,292$756,124$742,388$729,064$681,311
3 years$518,075$503,394$489,263$475,655$462,548$416,361
4 years$384,684$370,048$356,058$342,683$329,893$285,625
5 years$304,671$290,122$276,316$263,213$250,780$208,551
6 years$251,346$236,907$223,304$210,494$198,433$158,280
7 years$213,271$198,954$185,567$173,059$161,380$123,298
8 years$184,728$170,540$157,375$145,175$133,880$97,846
9 years$162,540$148,486$135,547$123,656$112,746$78,719
10 years$144,800$130,883$118,173$106,593$96,065$63,996
11 years$130,295$116,517$104,038$92,768$82,619$52,449
12 years$118,216$104,580$92,331$81,370$71,596$43,262
13 years$108,003$94,510$82,492$71,837$62,433$35,867
14 years$99,257$85,907$74,119$63,769$54,729$29,860
15 years$91,683$78,477$66,919$56,871$48,187$24,943
16 years$85,063$72,001$60,672$50,922$42,588$20,893
17 years$79,228$66,311$55,209$45,753$37,762$17,542
18 years$74,047$61,274$50,399$41,233$33,576$14,755
19 years$69,417$56,788$46,138$37,257$29,927$12,431
20 years$65,255$52,770$42,343$33,743$26,731$10,487
21 years$61,494$49,153$38,947$30,624$23,921$8,857
22 years$58,080$45,883$35,896$27,845$21,442$7,487
23 years$54,967$42,913$33,144$25,359$19,248$6,334
24 years$52,118$40,207$30,652$23,128$17,300$5,362
25 years$49,501$37,732$28,390$21,122$15,568$4,542
26 years$47,089$35,462$26,330$19,313$14,023$3,849
27 years$44,859$33,374$24,450$17,678$12,643$3,263
28 years$42,793$31,448$22,730$16,197$11,408$2,767
29 years$40,872$29,668$21,152$14,853$10,301$2,347
30 years$39,083$28,018$19,702$13,631$9,308$1,991
31 years$37,412$26,486$18,368$12,519$8,415$1,690
32 years$35,850$25,062$17,137$11,505$7,612$1,434
33 years$34,384$23,734$16,001$10,580$6,889$1,218
34 years$33,008$22,494$14,951$9,735$6,237$1,034
35 years$31,714$21,335$13,978$8,961$5,649$878
36 years$30,494$20,250$13,076$8,253$5,118$746
37 years$29,343$19,233$12,239$7,604$4,639$633
38 years$28,255$18,278$11,461$7,009$4,206$538
39 years$27,225$17,381$10,738$6,463$3,814$457
40 years$26,249$16,537$10,065$5,961$3,459$388
41 years$25,324$15,741$9,437$5,500$3,138$330
42 years$24,444$14,991$8,853$5,075$2,848$280
43 years$23,608$14,284$8,307$4,685$2,584$238
44 years$22,812$13,615$7,798$4,326$2,346$202
45 years$22,054$12,984$7,322$3,995$2,130$172
46 years$21,331$12,386$6,877$3,690$1,934$146
47 years$20,640$11,820$6,460$3,410$1,756$124
48 years$19,980$11,284$6,071$3,151$1,595$105
49 years$19,350$10,775$5,706$2,912$1,448$89
50 years$18,746$10,293$5,365$2,691$1,315$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $19,200,000, adding $2,618 every year, while hoping to spend $46,455 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: 71/22/7 Blend
67$19,200,000$19,200,000$19,200,000$19,200,000
68$21,161,100$20,143,500$19,845,900$22,641,106
69$23,270,105$21,081,104$20,461,310$24,556,595
70$25,592,671$22,063,094$21,095,780$26,646,474
71$28,150,533$23,091,594$21,749,897$28,932,613
72$30,967,640$24,168,835$22,424,272$31,434,309
73$34,070,383$25,297,152$23,119,529$34,172,795
74$37,487,843$26,478,994$23,836,314$37,171,436
75$41,252,066$27,716,927$24,575,294$40,455,947
76$45,398,364$29,013,645$25,337,154$44,054,627
77$49,965,651$30,371,966$26,122,601$47,998,625
78$54,996,805$31,794,850$26,932,366$52,322,227
79$60,539,078$33,285,398$27,767,200$57,063,174
80$66,644,541$34,846,858$28,627,878$62,263,011
81$73,370,570$36,482,641$29,515,198$67,967,477
82$80,780,396$38,196,318$30,429,984$74,226,929
83$88,943,694$39,991,634$31,373,086$81,096,807
84$97,937,244$41,872,518$32,345,378$88,638,158
85$107,845,657$43,843,086$33,347,763$96,918,196
86$118,762,171$45,907,654$34,381,170$106,010,936
87$130,789,532$48,070,749$35,446,558$115,997,884
88$144,040,963$50,337,114$36,544,916$126,968,793
89$158,641,232$52,711,724$37,677,263$139,022,509
90$174,727,835$55,199,795$38,844,647$152,267,887
91$192,452,284$57,806,795$40,048,153$166,824,817
92$211,981,546$60,538,457$41,288,896$182,825,341
93$233,499,616$63,400,794$42,568,026$200,414,890
94$257,209,252$66,400,108$43,886,730$219,753,647
95$283,333,890$69,543,007$45,246,229$241,018,046
96$312,119,753$72,836,421$46,647,785$264,402,429
97$343,838,178$76,287,616$48,092,695$290,120,866
98$378,788,172$79,904,208$49,582,300$318,409,160
99$417,299,237$83,694,186$51,117,979$349,527,065
100$459,734,484$87,665,926$52,701,156$383,760,721