Can I retire at age 68 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$151,945$150,592$149,272$147,983$146,724$144,175
2 years$75,221$73,820$72,462$71,146$69,869$67,309
3 years$49,649$48,242$46,888$45,584$44,328$41,836
4 years$36,866$35,463$34,122$32,840$31,615$29,212
5 years$29,198$27,803$26,480$25,225$24,033$21,725
6 years$24,087$22,704$21,400$20,172$19,017$16,806
7 years$20,438$19,066$17,783$16,585$15,466$13,353
8 years$17,703$16,343$15,082$13,913$12,830$10,816
9 years$15,577$14,230$12,990$11,850$10,805$8,887
10 years$13,877$12,543$11,325$10,215$9,206$7,384
11 years$12,487$11,166$9,970$8,890$7,918$6,188
12 years$11,329$10,022$8,848$7,798$6,861$5,222
13 years$10,350$9,057$7,905$6,884$5,983$4,432
14 years$9,512$8,233$7,103$6,111$5,245$3,779
15 years$8,786$7,521$6,413$5,450$4,618$3,235
16 years$8,152$6,900$5,814$4,880$4,081$2,778
17 years$7,593$6,355$5,291$4,385$3,619$2,393
18 years$7,096$5,872$4,830$3,951$3,218$2,065
19 years$6,652$5,442$4,422$3,570$2,868$1,786
20 years$6,254$5,057$4,058$3,234$2,562$1,547
21 years$5,893$4,711$3,732$2,935$2,292$1,342
22 years$5,566$4,397$3,440$2,668$2,055$1,166
23 years$5,268$4,113$3,176$2,430$1,845$1,014
24 years$4,995$3,853$2,938$2,216$1,658$882
25 years$4,744$3,616$2,721$2,024$1,492$768
26 years$4,513$3,398$2,523$1,851$1,344$670
27 years$4,299$3,198$2,343$1,694$1,212$584
28 years$4,101$3,014$2,178$1,552$1,093$510
29 years$3,917$2,843$2,027$1,423$987$445
30 years$3,745$2,685$1,888$1,306$892$388
31 years$3,585$2,538$1,760$1,200$806$339
32 years$3,436$2,402$1,642$1,103$729$297
33 years$3,295$2,274$1,533$1,014$660$259
34 years$3,163$2,156$1,433$933$598$227
35 years$3,039$2,045$1,340$859$541$198
36 years$2,922$1,941$1,253$791$491$173
37 years$2,812$1,843$1,173$729$445$152
38 years$2,708$1,752$1,098$672$403$133
39 years$2,609$1,666$1,029$619$365$116
40 years$2,516$1,585$965$571$332$102
41 years$2,427$1,509$904$527$301$89
42 years$2,343$1,437$848$486$273$78
43 years$2,262$1,369$796$449$248$68
44 years$2,186$1,305$747$415$225$60
45 years$2,114$1,244$702$383$204$52
46 years$2,044$1,187$659$354$185$46
47 years$1,978$1,133$619$327$168$40
48 years$1,915$1,081$582$302$153$35
49 years$1,854$1,033$547$279$139$31
50 years$1,796$986$514$258$126$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,840,000, adding $4,755 every year, while hoping to spend $26,702 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: 63/25/12 Blend
67$1,840,000$1,840,000$1,840,000$1,840,000
68$2,032,585$1,935,065$1,906,545$2,154,668
69$2,211,498$2,001,472$1,942,003$2,303,376
70$2,407,765$2,070,239$1,977,755$2,462,176
71$2,623,128$2,141,452$2,013,781$2,634,912
72$2,859,506$2,215,202$2,050,061$2,822,937
73$3,119,013$2,291,583$2,086,575$3,027,741
74$3,403,975$2,370,695$2,123,299$3,250,962
75$3,716,960$2,452,637$2,160,208$3,494,405
76$4,060,790$2,537,517$2,197,276$3,760,057
77$4,438,579$2,625,444$2,234,473$4,050,102
78$4,853,756$2,716,533$2,271,770$4,366,949
79$5,310,098$2,810,902$2,309,133$4,713,246
80$5,811,766$2,908,674$2,346,527$5,091,911
81$6,363,346$3,009,979$2,383,915$5,506,156
82$6,969,888$3,114,949$2,421,258$5,959,518
83$7,636,959$3,223,723$2,458,512$6,455,893
84$8,370,689$3,336,445$2,495,632$6,999,569
85$9,177,834$3,453,266$2,532,571$7,595,270
86$10,065,838$3,574,342$2,569,277$8,248,198
87$11,042,903$3,699,833$2,605,697$8,964,084
88$12,118,064$3,829,910$2,641,773$9,749,238
89$13,301,278$3,964,747$2,677,444$10,610,611
90$14,603,516$4,104,528$2,712,645$11,555,860
91$16,036,866$4,249,441$2,747,310$12,593,418
92$17,614,647$4,399,684$2,781,366$13,732,576
93$19,351,535$4,555,462$2,814,735$14,983,566
94$21,263,701$4,716,990$2,847,339$16,357,663
95$23,368,966$4,884,490$2,879,092$17,867,285
96$25,686,963$5,058,192$2,909,904$19,526,114
97$28,239,328$5,238,339$2,939,681$21,349,222
98$31,049,902$5,425,179$2,968,323$23,353,214
99$34,144,955$5,618,976$2,995,724$25,556,383
100$37,553,433$5,819,999$3,021,774$27,978,885