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%12.6%
1 years$151,120$149,774$148,460$147,178$145,927$144,343
2 years$74,812$73,418$72,068$70,759$69,489$67,894
3 years$49,379$47,980$46,633$45,336$44,087$42,530
4 years$36,665$35,270$33,937$32,662$31,443$29,937
5 years$29,039$27,652$26,336$25,088$23,902$22,452
6 years$23,956$22,580$21,284$20,063$18,913$17,519
7 years$20,327$18,963$17,687$16,495$15,381$14,045
8 years$17,607$16,255$15,000$13,837$12,760$11,481
9 years$15,492$14,153$12,919$11,786$10,746$9,524
10 years$13,801$12,475$11,263$10,160$9,156$7,990
11 years$12,419$11,106$9,916$8,842$7,875$6,763
12 years$11,267$9,968$8,800$7,756$6,824$5,766
13 years$10,294$9,008$7,862$6,847$5,951$4,946
14 years$9,460$8,188$7,064$6,078$5,216$4,263
15 years$8,739$7,480$6,378$5,421$4,593$3,689
16 years$8,108$6,863$5,783$4,853$4,059$3,203
17 years$7,551$6,320$5,262$4,361$3,599$2,790
18 years$7,058$5,840$4,804$3,930$3,200$2,436
19 years$6,616$5,413$4,398$3,551$2,852$2,131
20 years$6,220$5,030$4,036$3,216$2,548$1,868
21 years$5,861$4,685$3,712$2,919$2,280$1,640
22 years$5,536$4,373$3,421$2,654$2,044$1,442
23 years$5,239$4,090$3,159$2,417$1,835$1,270
24 years$4,967$3,832$2,922$2,204$1,649$1,119
25 years$4,718$3,596$2,706$2,013$1,484$987
26 years$4,488$3,380$2,510$1,841$1,337$871
27 years$4,276$3,181$2,330$1,685$1,205$770
28 years$4,079$2,997$2,166$1,544$1,087$680
29 years$3,896$2,828$2,016$1,416$982$602
30 years$3,725$2,670$1,878$1,299$887$532
31 years$3,566$2,524$1,751$1,193$802$471
32 years$3,417$2,389$1,633$1,097$726$417
33 years$3,277$2,262$1,525$1,008$657$370
34 years$3,146$2,144$1,425$928$594$327
35 years$3,023$2,034$1,332$854$538$290
36 years$2,906$1,930$1,246$787$488$257
37 years$2,797$1,833$1,167$725$442$228
38 years$2,693$1,742$1,092$668$401$202
39 years$2,595$1,657$1,023$616$364$179
40 years$2,502$1,576$959$568$330$159
41 years$2,414$1,500$899$524$299$141
42 years$2,330$1,429$844$484$271$125
43 years$2,250$1,361$792$447$246$111
44 years$2,174$1,298$743$412$224$99
45 years$2,102$1,237$698$381$203$88
46 years$2,033$1,181$655$352$184$78
47 years$1,967$1,127$616$325$167$69
48 years$1,904$1,075$579$300$152$61
49 years$1,844$1,027$544$278$138$54
50 years$1,787$981$511$257$125$48

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 $4,740 every year, while hoping to spend $34,245 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: 47/36/17 Blend
67$1,830,000$1,830,000$1,830,000$1,830,000
68$2,021,549$1,924,559$1,896,194$2,106,635
69$2,191,311$1,982,426$1,923,280$2,224,119
70$2,377,240$2,041,981$1,950,126$2,347,708
71$2,580,951$2,103,270$1,976,687$2,481,114
72$2,804,219$2,166,341$2,002,917$2,625,267
73$3,049,000$2,231,243$2,028,766$2,781,190
74$3,317,450$2,298,025$2,054,181$2,950,008
75$3,611,941$2,366,740$2,079,108$3,132,962
76$3,935,088$2,437,439$2,103,487$3,331,413
77$4,289,770$2,510,177$2,127,257$3,546,863
78$4,679,159$2,585,008$2,150,352$3,780,965
79$5,106,747$2,661,988$2,172,703$4,035,536
80$5,576,385$2,741,175$2,194,238$4,312,580
81$6,092,312$2,822,627$2,214,881$4,614,300
82$6,659,198$2,906,406$2,234,549$4,943,126
83$7,282,188$2,992,572$2,253,159$5,301,729
84$7,966,952$3,081,189$2,270,620$5,693,055
85$8,719,734$3,172,320$2,286,839$6,120,346
86$9,547,414$3,266,031$2,301,715$6,587,172
87$10,457,574$3,362,390$2,315,146$7,097,467
88$11,458,563$3,461,464$2,327,021$7,655,563
89$12,559,585$3,563,324$2,337,224$8,266,233
90$13,770,777$3,668,041$2,345,635$8,934,733
91$15,103,309$3,775,688$2,352,127$9,666,854
92$16,569,488$3,886,339$2,356,565$10,468,974
93$18,182,876$4,000,069$2,358,810$11,348,123
94$19,958,413$4,116,956$2,358,713$12,312,041
95$21,912,562$4,237,078$2,356,122$13,369,258
96$24,063,465$4,360,516$2,350,873$14,529,173
97$26,431,107$4,487,350$2,342,796$15,802,137
98$29,037,514$4,617,664$2,331,714$17,199,559
99$31,906,953$4,751,543$2,317,439$18,734,007
100$35,066,165$4,889,071$2,299,775$20,419,329