Can I retire at age 68 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$154,423$153,047$151,705$150,395$149,116$143,200
2 years$76,447$75,023$73,643$72,306$71,008$65,121
3 years$50,458$49,028$47,652$46,327$45,050$39,377
4 years$37,467$36,041$34,679$33,376$32,130$26,715
5 years$29,674$28,257$26,912$25,636$24,425$19,281
6 years$24,480$23,074$21,749$20,501$19,327$14,457
7 years$20,772$19,377$18,073$16,855$15,718$11,121
8 years$17,992$16,610$15,328$14,139$13,039$8,711
9 years$15,831$14,462$13,202$12,044$10,981$6,915
10 years$14,103$12,747$11,510$10,382$9,356$5,544
11 years$12,690$11,348$10,133$9,035$8,047$4,479
12 years$11,514$10,186$8,993$7,925$6,973$3,641
13 years$10,519$9,205$8,034$6,997$6,081$2,973
14 years$9,667$8,367$7,219$6,211$5,330$2,438
15 years$8,930$7,643$6,518$5,539$4,693$2,005
16 years$8,285$7,013$5,909$4,960$4,148$1,653
17 years$7,716$6,458$5,377$4,456$3,678$1,365
18 years$7,212$5,968$4,909$4,016$3,270$1,130
19 years$6,761$5,531$4,494$3,629$2,915$936
20 years$6,356$5,140$4,124$3,286$2,604$776
21 years$5,989$4,787$3,793$2,983$2,330$645
22 years$5,657$4,469$3,496$2,712$2,088$536
23 years$5,354$4,180$3,228$2,470$1,875$445
24 years$5,076$3,916$2,985$2,253$1,685$370
25 years$4,821$3,675$2,765$2,057$1,516$308
26 years$4,586$3,454$2,564$1,881$1,366$257
27 years$4,369$3,251$2,381$1,722$1,231$214
28 years$4,168$3,063$2,214$1,577$1,111$178
29 years$3,981$2,890$2,060$1,447$1,003$148
30 years$3,807$2,729$1,919$1,328$907$124
31 years$3,644$2,580$1,789$1,219$820$103
32 years$3,492$2,441$1,669$1,121$741$86
33 years$3,349$2,312$1,558$1,030$671$72
34 years$3,215$2,191$1,456$948$607$60
35 years$3,089$2,078$1,361$873$550$50
36 years$2,970$1,972$1,274$804$499$41
37 years$2,858$1,873$1,192$741$452$35
38 years$2,752$1,780$1,116$683$410$29
39 years$2,652$1,693$1,046$629$371$24
40 years$2,557$1,611$980$581$337$20
41 years$2,466$1,533$919$536$306$17
42 years$2,381$1,460$862$494$277$14
43 years$2,299$1,391$809$456$252$12
44 years$2,222$1,326$759$421$228$10
45 years$2,148$1,265$713$389$207$8
46 years$2,078$1,206$670$359$188$7
47 years$2,010$1,151$629$332$171$6
48 years$1,946$1,099$591$307$155$5
49 years$1,885$1,049$556$284$141$4
50 years$1,826$1,002$523$262$128$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,870,000, adding $3,668 every year, while hoping to spend $28,168 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: 63/19/18 Blend
67$1,870,000$1,870,000$1,870,000$1,870,000
68$2,064,524$1,965,414$1,936,429$2,184,975
69$2,245,134$2,031,748$1,971,328$2,332,767
70$2,443,224$2,100,389$2,006,453$2,490,582
71$2,660,544$2,171,420$2,041,781$2,662,266
72$2,899,026$2,244,927$2,077,288$2,849,171
73$3,160,798$2,320,999$2,112,948$3,052,786
74$3,448,202$2,399,730$2,148,734$3,274,754
75$3,763,818$2,481,217$2,184,616$3,516,877
76$4,110,490$2,565,559$2,220,563$3,781,146
77$4,491,350$2,652,861$2,256,542$4,069,748
78$4,909,847$2,743,231$2,292,516$4,385,094
79$5,369,783$2,836,781$2,328,447$4,729,839
80$5,875,346$2,933,628$2,364,294$5,106,904
81$6,431,147$3,033,892$2,400,014$5,519,509
82$7,042,271$3,137,699$2,435,562$5,971,200
83$7,714,316$3,245,180$2,470,887$6,465,880
84$8,453,453$3,356,470$2,505,938$7,007,851
85$9,266,478$3,471,711$2,540,660$7,601,849
86$10,160,882$3,591,047$2,574,995$8,253,093
87$11,144,915$3,714,631$2,608,880$8,967,331
88$12,227,669$3,842,621$2,642,250$9,750,893
89$13,419,163$3,975,181$2,675,037$10,610,754
90$14,730,433$4,112,481$2,707,167$11,554,599
91$16,173,642$4,254,697$2,738,562$12,590,891
92$17,762,191$4,402,015$2,769,141$13,728,956
93$19,510,845$4,554,624$2,798,818$14,979,067
94$21,435,875$4,712,724$2,827,501$16,352,544
95$23,555,207$4,876,521$2,855,096$17,861,854
96$25,888,597$5,046,229$2,881,501$19,520,739
97$28,457,812$5,222,072$2,906,609$21,344,334
98$31,286,837$5,404,282$2,930,308$23,349,316
99$34,402,102$5,593,099$2,952,481$25,554,063
100$37,832,730$5,788,775$2,973,003$27,978,819