Can I retire at age 68 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,505,475
2 years$788,998$774,304$760,063$746,255$732,861$699,245
3 years$520,774$506,016$491,811$478,133$464,957$432,308
4 years$386,688$371,975$357,912$344,468$331,612$300,181
5 years$306,257$291,633$277,755$264,584$252,086$221,963
6 years$252,655$238,140$224,467$211,590$199,467$170,683
7 years$214,382$199,990$186,533$173,960$162,220$134,781
8 years$185,691$171,428$158,195$145,931$134,577$108,473
9 years$163,387$149,259$136,253$124,301$113,333$88,546
10 years$145,554$131,565$118,789$107,148$96,566$73,069
11 years$130,973$117,124$104,580$93,251$83,050$60,813
12 years$118,831$105,124$92,812$81,794$71,969$50,958
13 years$108,565$95,002$82,921$72,212$62,759$42,935
14 years$99,774$86,354$74,505$64,101$55,014$36,339
15 years$92,161$78,886$67,268$57,167$48,438$30,871
16 years$85,506$72,376$60,988$51,187$42,810$26,306
17 years$79,641$66,656$55,497$45,991$37,958$22,475
18 years$74,433$61,593$50,662$41,447$33,751$19,244
19 years$69,778$57,084$46,378$37,451$30,083$16,507
20 years$65,595$53,045$42,564$33,919$26,871$14,182
21 years$61,814$49,409$39,150$30,784$24,046$12,200
22 years$58,382$46,122$36,083$27,990$21,554$10,507
23 years$55,253$43,137$33,316$25,491$19,348$9,058
24 years$52,389$40,416$30,812$23,249$17,390$7,815
25 years$49,758$37,929$28,538$21,232$15,649$6,748
26 years$47,334$35,647$26,468$19,414$14,096$5,830
27 years$45,093$33,548$24,578$17,770$12,709$5,039
28 years$43,015$31,612$22,848$16,281$11,467$4,358
29 years$41,085$29,822$21,262$14,930$10,355$3,770
30 years$39,286$28,164$19,805$13,702$9,356$3,263
31 years$37,607$26,624$18,463$12,584$8,459$2,825
32 years$36,036$25,192$17,227$11,565$7,652$2,446
33 years$34,563$23,857$16,085$10,635$6,925$2,118
34 years$33,180$22,611$15,029$9,785$6,269$1,835
35 years$31,879$21,446$14,051$9,008$5,678$1,590
36 years$30,653$20,356$13,144$8,296$5,145$1,378
37 years$29,496$19,333$12,303$7,644$4,663$1,194
38 years$28,402$18,374$11,521$7,045$4,228$1,035
39 years$27,367$17,471$10,794$6,496$3,834$897
40 years$26,386$16,623$10,117$5,992$3,477$777
41 years$25,456$15,823$9,487$5,528$3,155$674
42 years$24,572$15,070$8,899$5,102$2,863$584
43 years$23,731$14,358$8,350$4,710$2,598$507
44 years$22,931$13,686$7,838$4,349$2,358$439
45 years$22,169$13,051$7,360$4,016$2,141$381
46 years$21,442$12,450$6,912$3,710$1,944$330
47 years$20,748$11,881$6,494$3,427$1,765$286
48 years$20,085$11,342$6,103$3,167$1,603$248
49 years$19,450$10,831$5,736$2,927$1,456$215
50 years$18,844$10,347$5,393$2,705$1,322$187

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $19,300,000, adding $3,236 every year, while hoping to spend $23,032 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: 34/46/20 Blend
67$19,300,000$19,300,000$19,300,000$19,300,000
68$21,271,938$20,249,038$19,949,888$21,864,569
69$23,417,170$21,216,735$20,593,703$23,270,153
70$25,780,443$22,231,077$21,258,315$24,782,510
71$28,383,974$23,294,326$21,944,394$26,412,924
72$31,252,244$24,408,852$22,652,636$28,171,858
73$34,412,231$25,577,144$23,383,757$30,070,765
74$37,893,662$26,801,807$24,138,496$32,122,198
75$41,729,297$28,085,578$24,917,618$34,339,906
76$45,955,238$29,431,323$25,721,910$36,738,964
77$50,611,265$30,842,051$26,552,187$39,335,897
78$55,741,218$32,320,916$27,409,289$42,148,825
79$61,393,406$33,871,224$28,294,084$45,197,625
80$67,621,064$35,496,445$29,207,467$48,504,101
81$74,482,858$37,200,216$30,150,362$52,092,182
82$82,043,434$38,986,351$31,123,724$55,988,126
83$90,374,034$40,858,852$32,128,538$60,220,761
84$99,553,164$42,821,914$33,165,822$64,821,736
85$109,667,335$44,879,937$34,236,626$69,825,805
86$120,811,885$47,037,534$35,342,034$75,271,141
87$133,091,870$49,299,547$36,483,166$81,199,673
88$146,623,065$51,671,049$37,661,176$87,657,467
89$161,533,050$54,157,363$38,877,258$94,695,139
90$177,962,418$56,764,071$40,132,643$102,368,315
91$196,066,102$59,497,027$41,428,603$110,738,133
92$216,014,833$62,362,370$42,766,451$119,871,798
93$237,996,760$65,366,540$44,147,541$129,843,191
94$262,219,219$68,516,290$45,573,272$140,733,544
95$288,910,692$71,818,701$47,045,090$152,632,183
96$318,322,967$75,281,201$48,564,484$165,637,338
97$350,733,510$78,911,581$50,132,995$179,857,049
98$386,448,089$82,718,009$51,752,212$195,410,151
99$425,803,657$86,709,055$53,423,774$212,427,368
100$469,171,537$90,893,705$55,149,377$231,052,513