Can I retire at age 68 with 1,860,000?

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 $1,860,000?

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$153,597$152,229$150,894$149,591$148,319$145,742
2 years$76,038$74,622$73,250$71,919$70,628$68,040
3 years$50,189$48,766$47,397$46,079$44,809$42,291
4 years$37,266$35,848$34,493$33,197$31,958$29,529
5 years$29,515$28,106$26,768$25,499$24,294$21,961
6 years$24,349$22,950$21,633$20,392$19,223$16,989
7 years$20,661$19,274$17,977$16,765$15,634$13,498
8 years$17,896$16,521$15,246$14,064$12,970$10,933
9 years$15,746$14,385$13,131$11,979$10,922$8,984
10 years$14,027$12,679$11,448$10,326$9,306$7,464
11 years$12,622$11,288$10,079$8,987$8,004$6,255
12 years$11,452$10,131$8,945$7,883$6,936$5,279
13 years$10,463$9,156$7,991$6,959$6,048$4,480
14 years$9,615$8,322$7,180$6,178$5,302$3,821
15 years$8,882$7,602$6,483$5,509$4,668$3,270
16 years$8,241$6,975$5,878$4,933$4,126$2,809
17 years$7,675$6,424$5,348$4,432$3,658$2,419
18 years$7,173$5,936$4,882$3,994$3,253$2,087
19 years$6,725$5,501$4,470$3,609$2,899$1,805
20 years$6,322$5,112$4,102$3,269$2,590$1,564
21 years$5,957$4,762$3,773$2,967$2,317$1,357
22 years$5,626$4,445$3,477$2,697$2,077$1,178
23 years$5,325$4,157$3,211$2,457$1,865$1,025
24 years$5,049$3,895$2,969$2,241$1,676$892
25 years$4,795$3,655$2,750$2,046$1,508$777
26 years$4,562$3,435$2,551$1,871$1,358$677
27 years$4,346$3,233$2,369$1,713$1,225$590
28 years$4,146$3,047$2,202$1,569$1,105$515
29 years$3,959$2,874$2,049$1,439$998$450
30 years$3,786$2,714$1,909$1,321$902$393
31 years$3,624$2,566$1,779$1,213$815$343
32 years$3,473$2,428$1,660$1,115$737$300
33 years$3,331$2,299$1,550$1,025$667$262
34 years$3,198$2,179$1,448$943$604$229
35 years$3,072$2,067$1,354$868$547$200
36 years$2,954$1,962$1,267$800$496$175
37 years$2,843$1,863$1,186$737$449$153
38 years$2,737$1,771$1,110$679$407$134
39 years$2,637$1,684$1,040$626$369$117
40 years$2,543$1,602$975$577$335$103
41 years$2,453$1,525$914$533$304$90
42 years$2,368$1,452$858$492$276$79
43 years$2,287$1,384$805$454$250$69
44 years$2,210$1,319$755$419$227$60
45 years$2,136$1,258$709$387$206$53
46 years$2,066$1,200$666$358$187$46
47 years$2,000$1,145$626$330$170$40
48 years$1,936$1,093$588$305$154$35
49 years$1,874$1,044$553$282$140$31
50 years$1,816$997$520$261$127$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,860,000, adding $3,603 every year, while hoping to spend $29,452 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: 45/47/8 Blend
67$1,860,000$1,860,000$1,860,000$1,860,000
68$2,053,436$1,954,856$1,926,026$2,141,080
69$2,231,550$2,019,308$1,959,212$2,266,437
70$2,426,845$2,085,930$1,992,521$2,398,955
71$2,641,041$2,154,799$2,025,929$2,541,964
72$2,876,035$2,225,991$2,059,405$2,696,441
73$3,133,915$2,299,589$2,092,920$2,863,458
74$3,416,981$2,375,676$2,126,439$3,044,195
75$3,727,767$2,454,338$2,159,929$3,239,948
76$4,069,064$2,535,666$2,193,352$3,452,143
77$4,443,948$2,619,753$2,226,668$3,682,347
78$4,855,804$2,706,694$2,259,835$3,932,284
79$5,308,365$2,796,591$2,292,809$4,203,851
80$5,805,741$2,889,547$2,325,540$4,499,132
81$6,352,461$2,985,669$2,357,980$4,820,423
82$6,953,514$3,085,069$2,390,075$5,170,249
83$7,614,397$3,187,862$2,421,767$5,551,387
84$8,341,166$3,294,168$2,452,997$5,966,895
85$9,140,495$3,404,112$2,483,702$6,420,139
86$10,019,733$3,517,821$2,513,814$6,914,821
87$10,986,981$3,635,430$2,543,262$7,455,018
88$12,051,164$3,757,076$2,571,972$8,045,219
89$13,222,113$3,882,904$2,599,864$8,690,363
90$14,510,664$4,013,061$2,626,854$9,395,891
91$15,928,754$4,147,704$2,652,856$10,167,789
92$17,489,536$4,286,990$2,677,776$11,012,654
93$19,207,504$4,431,088$2,701,517$11,937,746
94$21,098,626$4,580,168$2,723,974$12,951,060
95$23,180,500$4,734,410$2,745,041$14,061,402
96$25,472,513$4,893,998$2,764,602$15,278,469
97$27,996,032$5,059,126$2,782,539$16,612,941
98$30,774,597$5,229,993$2,798,724$18,076,581
99$33,834,149$5,406,806$2,813,024$19,682,343
100$37,203,273$5,589,780$2,825,301$21,444,498