Can I retire at age 68 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,529,500
2 years$801,262$786,339$771,877$757,855$744,253$710,734
3 years$528,869$513,882$499,455$485,565$472,185$439,625
4 years$392,699$377,757$363,476$349,822$336,766$305,416
5 years$311,018$296,166$282,072$268,697$256,004$225,952
6 years$256,582$241,842$227,956$214,879$202,567$173,845
7 years$217,714$203,099$189,433$176,664$164,742$137,355
8 years$188,577$174,093$160,654$148,199$136,669$110,610
9 years$165,926$151,579$138,371$126,233$115,095$90,344
10 years$147,817$133,610$120,635$108,814$98,067$74,599
11 years$133,009$118,945$106,205$94,701$84,341$62,125
12 years$120,678$106,759$94,254$83,065$73,088$52,092
13 years$110,253$96,479$84,210$73,334$63,734$43,920
14 years$101,324$87,696$75,663$65,098$55,869$37,198
15 years$93,593$80,112$68,314$58,056$49,191$31,622
16 years$86,835$73,501$61,936$51,983$43,475$26,966
17 years$80,879$67,692$56,360$46,706$38,548$23,055
18 years$75,590$62,550$51,449$42,092$34,275$19,755
19 years$70,863$57,971$47,099$38,033$30,550$16,958
20 years$66,614$53,870$43,225$34,446$27,288$14,580
21 years$62,775$50,177$39,759$31,262$24,420$12,552
22 years$59,290$46,839$36,644$28,425$21,889$10,819
23 years$56,112$43,807$33,834$25,887$19,649$9,334
24 years$53,204$41,045$31,291$23,610$17,661$8,060
25 years$50,532$38,518$28,982$21,562$15,892$6,965
26 years$48,070$36,201$26,879$19,715$14,315$6,022
27 years$45,794$34,069$24,960$18,046$12,906$5,210
28 years$43,684$32,103$23,203$16,534$11,645$4,509
29 years$41,724$30,286$21,592$15,162$10,516$3,904
30 years$39,897$28,602$20,113$13,915$9,501$3,381
31 years$38,192$27,038$18,750$12,780$8,590$2,930
32 years$36,596$25,584$17,494$11,745$7,770$2,539
33 years$35,101$24,228$16,335$10,800$7,032$2,201
34 years$33,696$22,963$15,262$9,937$6,367$1,908
35 years$32,375$21,780$14,269$9,148$5,767$1,654
36 years$31,129$20,672$13,348$8,425$5,225$1,435
37 years$29,954$19,634$12,494$7,763$4,736$1,244
38 years$28,843$18,659$11,700$7,155$4,293$1,079
39 years$27,792$17,743$10,962$6,597$3,893$936
40 years$26,796$16,881$10,274$6,085$3,531$812
41 years$25,851$16,069$9,634$5,614$3,204$705
42 years$24,954$15,304$9,037$5,181$2,907$612
43 years$24,100$14,581$8,480$4,783$2,638$531
44 years$23,288$13,899$7,960$4,416$2,395$461
45 years$22,513$13,254$7,474$4,078$2,174$400
46 years$21,775$12,644$7,020$3,767$1,974$347
47 years$21,070$12,066$6,595$3,481$1,792$301
48 years$20,397$11,519$6,198$3,216$1,628$261
49 years$19,753$11,000$5,825$2,972$1,478$227
50 years$19,136$10,507$5,477$2,747$1,343$197

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $19,600,000, adding $6,980 every year, while hoping to spend $46,875 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: 30/50/20 Blend
67$19,600,000$19,600,000$19,600,000$19,600,000
68$21,606,400$20,567,600$20,263,800$22,118,864
69$23,760,378$21,525,538$20,892,763$23,466,942
70$26,132,491$22,528,843$21,541,224$24,911,530
71$28,744,939$23,579,690$22,209,789$26,464,667
72$31,622,185$24,680,357$22,899,079$28,135,764
73$34,791,185$25,833,233$23,609,736$29,935,118
74$38,281,646$27,040,821$24,342,422$31,874,000
75$42,126,298$28,305,746$25,097,818$33,964,749
76$46,361,213$29,630,760$25,876,627$36,220,879
77$51,026,138$31,018,747$26,679,575$38,657,192
78$56,164,871$32,472,733$27,507,407$41,289,910
79$61,825,677$33,995,887$28,360,896$44,136,812
80$68,061,744$35,591,533$29,240,834$47,217,388
81$74,931,680$37,263,156$30,148,039$50,553,011
82$82,500,070$39,014,410$31,083,357$54,167,124
83$90,838,085$40,849,123$32,047,657$58,085,445
84$100,024,152$42,771,312$33,041,836$62,336,193
85$110,144,696$44,785,187$34,066,818$66,950,341
86$121,294,955$46,895,161$35,123,556$71,961,885
87$133,579,878$49,105,862$36,213,034$77,408,153
88$147,115,118$51,422,142$37,336,263$83,330,134
89$162,028,121$53,849,088$38,494,288$89,772,844
90$178,459,329$56,392,032$39,688,186$96,785,735
91$196,563,506$59,056,568$40,919,067$104,423,134
92$216,511,202$61,848,558$42,188,073$112,744,737
93$238,490,356$64,774,148$43,496,385$121,816,144
94$262,708,077$67,839,786$44,845,218$131,709,457
95$289,392,593$71,052,229$46,235,826$142,503,934
96$318,795,412$74,418,563$47,669,501$154,286,706
97$351,193,689$77,946,217$49,147,574$167,153,573
98$386,892,846$81,642,982$50,671,419$181,209,878
99$426,229,456$85,517,027$52,242,450$196,571,469
100$469,574,416$89,576,917$53,862,128$213,365,758