Can I retire at age 68 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,499,786
2 years$797,174$782,328$767,939$753,988$740,456$685,460
3 years$526,170$511,260$496,907$483,087$469,776$416,683
4 years$390,695$375,830$361,621$348,037$335,048$284,265
5 years$309,431$294,655$280,633$267,326$254,698$206,357
6 years$255,273$240,608$226,793$213,783$201,534$155,672
7 years$216,603$202,062$188,466$175,763$163,901$120,508
8 years$187,615$173,205$159,834$147,443$135,972$95,012
9 years$165,080$150,806$137,665$125,589$114,508$75,927
10 years$147,062$132,928$120,020$108,259$97,566$61,300
11 years$132,330$118,338$105,663$94,217$83,910$49,883
12 years$120,063$106,214$93,774$82,641$72,715$40,845
13 years$109,690$95,986$83,780$72,960$63,409$33,611
14 years$100,807$87,249$75,277$64,766$55,584$27,768
15 years$93,116$79,703$67,965$57,760$48,940$23,015
16 years$86,392$73,126$61,620$51,717$43,254$19,126
17 years$80,466$67,347$56,072$46,468$38,352$15,928
18 years$75,204$62,231$51,187$41,877$34,101$13,289
19 years$70,501$57,675$46,859$37,839$30,395$11,103
20 years$66,274$53,595$43,005$34,271$27,149$9,288
21 years$62,455$49,921$39,556$31,103$24,295$7,778
22 years$58,987$46,600$36,457$28,280$21,777$6,519
23 years$55,826$43,584$33,662$25,755$19,549$5,467
24 years$52,932$40,835$31,131$23,490$17,571$4,588
25 years$50,274$38,322$28,834$21,452$15,811$3,852
26 years$47,824$36,016$26,742$19,615$14,242$3,235
27 years$45,560$33,896$24,832$17,954$12,840$2,718
28 years$43,461$31,940$23,085$16,450$11,586$2,285
29 years$41,511$30,131$21,482$15,085$10,462$1,921
30 years$39,694$28,456$20,010$13,844$9,453$1,615
31 years$37,997$26,900$18,655$12,715$8,546$1,358
32 years$36,410$25,453$17,405$11,685$7,731$1,142
33 years$34,922$24,105$16,251$10,745$6,996$961
34 years$33,524$22,846$15,184$9,887$6,334$808
35 years$32,209$21,669$14,196$9,101$5,737$680
36 years$30,971$20,567$13,280$8,382$5,198$572
37 years$29,801$19,534$12,430$7,723$4,711$482
38 years$28,696$18,564$11,640$7,118$4,271$405
39 years$27,651$17,653$10,906$6,564$3,873$341
40 years$26,660$16,795$10,222$6,054$3,513$287
41 years$25,719$15,987$9,585$5,585$3,187$242
42 years$24,826$15,226$8,991$5,155$2,892$203
43 years$23,977$14,507$8,437$4,758$2,625$171
44 years$23,169$13,828$7,919$4,394$2,383$144
45 years$22,399$13,186$7,436$4,058$2,163$121
46 years$21,664$12,579$6,984$3,748$1,964$102
47 years$20,963$12,005$6,561$3,463$1,783$86
48 years$20,293$11,460$6,166$3,200$1,619$72
49 years$19,652$10,944$5,796$2,957$1,471$61
50 years$19,039$10,454$5,449$2,733$1,336$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $19,500,000, adding $5,977 every year, while hoping to spend $46,774 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: 47/37/16 Blend
67$19,500,000$19,500,000$19,500,000$19,500,000
68$21,495,165$20,461,665$20,159,415$22,408,113
69$23,637,905$21,414,520$20,784,989$23,995,195
70$25,997,636$22,412,496$21,429,951$25,711,502
71$28,596,443$23,457,757$22,094,902$27,573,296
72$31,458,661$24,552,567$22,780,462$29,594,165
73$34,611,104$25,699,302$23,487,267$31,789,024
74$38,083,321$26,900,453$24,215,975$34,174,253
75$41,907,874$28,158,630$24,967,264$36,767,842
76$46,120,643$29,476,568$25,741,834$39,589,553
77$50,761,167$30,857,138$26,540,403$42,661,097
78$55,873,015$32,303,347$27,363,716$46,006,331
79$61,504,200$33,818,348$28,212,537$49,651,473
80$67,707,627$35,405,446$29,087,656$53,625,339
81$74,541,599$37,068,107$29,989,886$57,959,605
82$82,070,361$38,809,963$30,920,067$62,689,096
83$90,364,711$40,634,825$31,879,063$67,852,103
84$99,502,665$42,546,684$32,867,764$73,490,729
85$109,570,194$44,549,729$33,887,091$79,651,281
86$120,662,036$46,648,348$34,937,991$86,384,687
87$132,882,590$48,847,143$36,021,440$93,746,968
88$146,346,900$51,150,939$37,138,444$101,799,749
89$161,181,744$53,564,796$38,290,043$110,610,828
90$177,526,828$56,094,016$39,477,305$120,254,801
91$195,536,103$58,744,161$40,701,333$130,813,746
92$215,379,222$61,521,062$41,963,265$142,377,984
93$237,243,141$64,430,832$43,264,272$155,046,914
94$261,333,879$67,479,881$44,605,563$168,929,930
95$287,878,469$70,674,929$45,988,383$184,147,435
96$317,127,095$74,023,023$47,414,016$200,831,958
97$349,355,460$77,531,552$48,883,787$219,129,383
98$384,867,381$81,208,263$50,399,059$239,200,301
99$423,997,666$85,061,279$51,961,239$261,221,509
100$467,115,264$89,099,119$53,571,777$285,387,647