Can I retire at age 68 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$151,120$149,774$148,460$147,178$145,927$144,886
2 years$74,812$73,418$72,068$70,759$69,489$68,439
3 years$49,379$47,980$46,633$45,336$44,087$43,061
4 years$36,665$35,270$33,937$32,662$31,443$30,449
5 years$29,039$27,652$26,336$25,088$23,902$22,943
6 years$23,956$22,580$21,284$20,063$18,913$17,989
7 years$20,327$18,963$17,687$16,495$15,381$14,494
8 years$17,607$16,255$15,000$13,837$12,760$11,909
9 years$15,492$14,153$12,919$11,786$10,746$9,931
10 years$13,801$12,475$11,263$10,160$9,156$8,377
11 years$12,419$11,106$9,916$8,842$7,875$7,130
12 years$11,267$9,968$8,800$7,756$6,824$6,114
13 years$10,294$9,008$7,862$6,847$5,951$5,274
14 years$9,460$8,188$7,064$6,078$5,216$4,573
15 years$8,739$7,480$6,378$5,421$4,593$3,981
16 years$8,108$6,863$5,783$4,853$4,059$3,479
17 years$7,551$6,320$5,262$4,361$3,599$3,049
18 years$7,058$5,840$4,804$3,930$3,200$2,679
19 years$6,616$5,413$4,398$3,551$2,852$2,359
20 years$6,220$5,030$4,036$3,216$2,548$2,082
21 years$5,861$4,685$3,712$2,919$2,280$1,840
22 years$5,536$4,373$3,421$2,654$2,044$1,629
23 years$5,239$4,090$3,159$2,417$1,835$1,444
24 years$4,967$3,832$2,922$2,204$1,649$1,281
25 years$4,718$3,596$2,706$2,013$1,484$1,138
26 years$4,488$3,380$2,510$1,841$1,337$1,012
27 years$4,276$3,181$2,330$1,685$1,205$900
28 years$4,079$2,997$2,166$1,544$1,087$801
29 years$3,896$2,828$2,016$1,416$982$714
30 years$3,725$2,670$1,878$1,299$887$636
31 years$3,566$2,524$1,751$1,193$802$567
32 years$3,417$2,389$1,633$1,097$726$506
33 years$3,277$2,262$1,525$1,008$657$452
34 years$3,146$2,144$1,425$928$594$403
35 years$3,023$2,034$1,332$854$538$360
36 years$2,906$1,930$1,246$787$488$322
37 years$2,797$1,833$1,167$725$442$287
38 years$2,693$1,742$1,092$668$401$257
39 years$2,595$1,657$1,023$616$364$230
40 years$2,502$1,576$959$568$330$205
41 years$2,414$1,500$899$524$299$184
42 years$2,330$1,429$844$484$271$164
43 years$2,250$1,361$792$447$246$147
44 years$2,174$1,298$743$412$224$131
45 years$2,102$1,237$698$381$203$117
46 years$2,033$1,181$655$352$184$105
47 years$1,967$1,127$616$325$167$94
48 years$1,904$1,075$579$300$152$84
49 years$1,844$1,027$544$278$138$75
50 years$1,787$981$511$257$125$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,830,000, adding $5,842 every year, while hoping to spend $37,841 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: 54/30/16 Blend
67$1,830,000$1,830,000$1,830,000$1,830,000
68$2,022,686$1,925,696$1,897,331$2,122,966
69$2,188,737$1,979,793$1,920,629$2,246,135
70$2,370,458$2,035,272$1,943,439$2,375,600
71$2,569,406$2,092,161$1,965,706$2,515,673
72$2,787,296$2,150,488$1,987,368$2,667,375
73$3,026,020$2,210,282$2,008,365$2,831,828
74$3,287,658$2,271,570$2,028,629$3,010,269
75$3,574,502$2,334,379$2,048,091$3,204,060
76$3,889,077$2,398,739$2,066,677$3,414,699
77$4,234,162$2,464,677$2,084,310$3,643,837
78$4,612,820$2,532,220$2,100,908$3,893,292
79$5,028,425$2,601,396$2,116,386$4,165,066
80$5,484,693$2,672,232$2,130,653$4,461,362
81$5,985,715$2,744,756$2,143,614$4,784,611
82$6,536,002$2,818,992$2,155,169$5,137,487
83$7,140,520$2,894,969$2,165,213$5,522,937
84$7,804,741$2,972,710$2,173,635$5,944,207
85$8,534,693$3,052,242$2,180,320$6,404,872
86$9,337,017$3,133,587$2,185,146$6,908,873
87$10,219,029$3,216,769$2,187,985$7,460,550
88$11,188,790$3,301,811$2,188,703$8,064,683
89$12,255,181$3,388,733$2,187,158$8,726,541
90$13,427,985$3,477,557$2,183,204$9,451,930
91$14,717,982$3,568,300$2,176,684$10,247,243
92$16,137,050$3,660,980$2,167,437$11,119,528
93$17,698,275$3,755,614$2,155,291$12,076,549
94$19,416,075$3,852,215$2,140,069$13,126,861
95$21,306,336$3,950,795$2,121,583$14,279,891
96$23,386,564$4,051,365$2,099,638$15,546,027
97$25,676,044$4,153,934$2,074,027$16,936,714
98$28,196,030$4,258,505$2,044,536$18,464,566
99$30,969,936$4,365,083$2,010,939$20,143,481
100$34,023,565$4,473,668$1,973,001$21,988,774