Can I retire at age 68 with 19,800,000?

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 $19,800,000?

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$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,522,860
2 years$809,438$794,363$779,753$765,588$751,848$696,005
3 years$534,265$519,125$504,552$490,519$477,003$423,094
4 years$396,706$381,612$367,185$353,392$340,203$288,638
5 years$314,192$299,188$284,950$271,439$258,617$209,532
6 years$259,200$244,310$230,282$217,072$204,634$158,067
7 years$219,936$205,171$191,366$178,467$166,423$122,362
8 years$190,501$175,869$162,293$149,711$138,064$96,473
9 years$167,619$153,126$139,783$127,521$116,270$77,095
10 years$149,325$134,973$121,866$109,924$99,067$62,243
11 years$134,366$120,159$107,289$95,667$85,201$50,650
12 years$121,910$107,848$95,216$83,913$73,834$41,474
13 years$111,378$97,463$85,069$74,082$64,384$34,128
14 years$102,358$88,591$76,435$65,762$56,439$28,196
15 years$94,548$80,930$69,011$58,648$49,693$23,369
16 years$87,721$74,251$62,569$52,513$43,919$19,420
17 years$81,704$68,383$56,935$47,183$38,942$16,174
18 years$76,361$63,189$51,974$42,521$34,625$13,493
19 years$71,586$58,563$47,580$38,421$30,862$11,274
20 years$67,294$54,419$43,666$34,798$27,567$9,431
21 years$63,416$50,689$40,165$31,581$24,669$7,898
22 years$59,895$47,317$37,018$28,715$22,112$6,619
23 years$56,685$44,254$34,179$26,151$19,849$5,551
24 years$53,746$41,463$31,610$23,851$17,841$4,658
25 years$51,047$38,911$29,277$21,782$16,054$3,911
26 years$48,560$36,570$27,153$19,917$14,461$3,285
27 years$46,261$34,417$25,214$18,230$13,038$2,760
28 years$44,130$32,431$23,440$16,703$11,764$2,320
29 years$42,149$30,595$21,813$15,317$10,623$1,950
30 years$40,304$28,894$20,318$14,057$9,598$1,640
31 years$38,582$27,314$18,942$12,910$8,678$1,379
32 years$36,970$25,845$17,673$11,865$7,850$1,160
33 years$35,459$24,475$16,501$10,911$7,104$976
34 years$34,040$23,197$15,418$10,039$6,432$821
35 years$32,705$22,002$14,415$9,241$5,826$691
36 years$31,447$20,883$13,485$8,511$5,278$581
37 years$30,260$19,834$12,621$7,842$4,784$489
38 years$29,138$18,850$11,819$7,228$4,337$412
39 years$28,076$17,924$11,073$6,664$3,933$346
40 years$27,070$17,053$10,379$6,147$3,567$291
41 years$26,115$16,233$9,732$5,671$3,236$245
42 years$25,208$15,460$9,129$5,234$2,937$206
43 years$24,346$14,730$8,567$4,832$2,665$174
44 years$23,525$14,041$8,041$4,461$2,419$146
45 years$22,743$13,389$7,550$4,120$2,196$123
46 years$21,997$12,773$7,092$3,806$1,994$104
47 years$21,285$12,189$6,662$3,516$1,811$87
48 years$20,605$11,636$6,261$3,249$1,644$73
49 years$19,954$11,112$5,885$3,003$1,493$62
50 years$19,332$10,615$5,533$2,775$1,357$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $19,800,000, adding $3,682 every year, while hoping to spend $49,832 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: 46/42/12 Blend
67$19,800,000$19,800,000$19,800,000$19,800,000
68$21,823,398$20,773,998$20,467,098$22,753,383
69$23,996,364$21,738,903$21,099,725$24,362,543
70$26,389,302$22,749,418$21,751,875$26,101,783
71$29,024,597$23,807,726$22,424,149$27,987,434
72$31,926,915$24,916,114$23,117,167$30,033,086
73$35,123,436$26,076,979$23,831,568$32,253,652
74$38,644,112$27,292,837$24,568,011$34,665,504
75$42,521,947$28,566,321$25,327,175$37,286,619
76$46,793,309$29,900,194$26,109,758$40,136,735
77$51,498,274$31,297,352$26,916,483$43,237,535
78$56,681,006$32,760,830$27,748,093$46,612,834
79$62,390,169$34,293,810$28,605,354$50,288,798
80$68,679,388$35,899,629$29,489,056$54,294,181
81$75,607,759$37,581,785$30,400,013$58,660,579
82$83,240,401$39,343,942$31,339,063$63,422,724
83$91,649,072$41,189,946$32,307,072$68,618,791
84$100,912,850$43,123,825$33,304,931$74,290,753
85$111,118,873$45,149,805$34,333,559$80,484,757
86$122,363,168$47,272,315$35,393,903$87,251,550
87$134,751,551$49,495,999$36,486,939$94,646,940
88$148,400,630$51,825,724$37,613,672$102,732,308
89$163,438,904$54,266,595$38,775,141$111,575,170
90$180,007,977$56,823,962$39,972,413$121,249,797
91$198,263,892$59,503,438$41,206,590$131,837,901
92$218,378,607$62,310,903$42,478,808$143,429,381
93$240,541,613$65,252,526$43,790,236$156,123,160
94$264,961,730$68,334,773$45,142,082$170,028,090
95$291,869,073$71,564,423$46,535,588$185,263,961
96$321,517,224$74,948,586$47,972,036$201,962,612
97$354,185,628$78,494,713$49,452,746$220,269,146
98$390,182,230$82,210,621$50,979,080$240,343,278
99$429,846,378$86,104,503$52,552,441$262,360,817
100$473,552,036$90,184,951$54,174,274$286,515,295