Can I retire at age 68 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$155,249$153,866$152,517$151,200$149,914$145,994
2 years$76,856$75,424$74,037$72,692$71,388$67,465
3 years$50,728$49,291$47,907$46,575$45,291$41,488
4 years$37,667$36,234$34,864$33,554$32,302$28,649
5 years$29,832$28,408$27,056$25,773$24,556$21,062
6 years$24,611$23,197$21,865$20,611$19,430$16,099
7 years$20,883$19,481$18,170$16,945$15,802$12,634
8 years$18,088$16,699$15,410$14,215$13,109$10,103
9 years$15,915$14,539$13,272$12,108$11,040$8,192
10 years$14,178$12,816$11,571$10,437$9,406$6,714
11 years$12,758$11,409$10,187$9,084$8,090$5,549
12 years$11,575$10,240$9,041$7,967$7,010$4,617
13 years$10,575$9,254$8,077$7,034$6,113$3,861
14 years$9,719$8,412$7,257$6,244$5,359$3,243
15 years$8,977$7,684$6,553$5,569$4,718$2,734
16 years$8,329$7,050$5,941$4,986$4,170$2,312
17 years$7,758$6,493$5,406$4,480$3,697$1,959
18 years$7,250$6,000$4,935$4,037$3,288$1,664
19 years$6,797$5,560$4,518$3,648$2,930$1,416
20 years$6,390$5,167$4,146$3,304$2,617$1,206
21 years$6,021$4,813$3,814$2,999$2,342$1,029
22 years$5,687$4,493$3,515$2,726$2,100$879
23 years$5,382$4,202$3,245$2,483$1,885$751
24 years$5,103$3,937$3,001$2,265$1,694$642
25 years$4,847$3,695$2,780$2,068$1,524$550
26 years$4,611$3,472$2,578$1,891$1,373$471
27 years$4,392$3,268$2,394$1,731$1,238$403
28 years$4,190$3,079$2,226$1,586$1,117$346
29 years$4,002$2,905$2,071$1,454$1,009$296
30 years$3,827$2,743$1,929$1,335$911$254
31 years$3,663$2,593$1,799$1,226$824$218
32 years$3,510$2,454$1,678$1,127$745$187
33 years$3,367$2,324$1,567$1,036$675$161
34 years$3,232$2,203$1,464$953$611$138
35 years$3,105$2,089$1,369$877$553$118
36 years$2,986$1,983$1,280$808$501$102
37 years$2,873$1,883$1,198$745$454$87
38 years$2,767$1,790$1,122$686$412$75
39 years$2,666$1,702$1,051$633$373$64
40 years$2,570$1,619$985$584$339$55
41 years$2,480$1,541$924$538$307$47
42 years$2,394$1,468$867$497$279$41
43 years$2,312$1,399$813$459$253$35
44 years$2,234$1,333$764$424$230$30
45 years$2,159$1,271$717$391$209$26
46 years$2,089$1,213$673$361$189$22
47 years$2,021$1,157$633$334$172$19
48 years$1,956$1,105$594$308$156$16
49 years$1,895$1,055$559$285$142$14
50 years$1,836$1,008$525$264$129$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,880,000, adding $5,410 every year, while hoping to spend $48,133 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: 80/11/9 Blend
67$1,880,000$1,880,000$1,880,000$1,880,000
68$2,077,340$1,977,700$1,948,560$2,240,333
69$2,238,016$2,023,395$1,962,624$2,393,677
70$2,413,467$2,069,715$1,975,546$2,555,047
71$2,605,151$2,116,640$1,987,236$2,730,687
72$2,814,669$2,164,149$1,997,602$2,921,999
73$3,043,788$2,212,215$2,006,544$3,130,528
74$3,294,451$2,260,810$2,013,959$3,357,974
75$3,568,797$2,309,902$2,019,740$3,606,209
76$3,869,184$2,359,456$2,023,770$3,877,298
77$4,198,206$2,409,435$2,025,932$4,173,512
78$4,558,720$2,459,795$2,026,098$4,497,355
79$4,953,875$2,510,489$2,024,137$4,851,582
80$5,387,135$2,561,469$2,019,911$5,239,232
81$5,862,319$2,612,677$2,013,274$5,663,649
82$6,383,631$2,664,053$2,004,074$6,128,521
83$6,955,702$2,715,533$1,992,152$6,637,908
84$7,583,635$2,767,045$1,977,339$7,196,284
85$8,273,047$2,818,512$1,959,462$7,808,577
86$9,030,130$2,869,851$1,938,336$8,480,219
87$9,861,703$2,920,973$1,913,770$9,217,193
88$10,775,276$2,971,780$1,885,561$10,026,092
89$11,779,126$3,022,169$1,853,499$10,914,180
90$12,882,369$3,072,028$1,817,363$11,889,461
91$14,095,048$3,121,235$1,776,923$12,960,754
92$15,428,229$3,169,662$1,731,936$14,137,777
93$16,894,103$3,217,169$1,682,149$15,431,238
94$18,506,099$3,263,608$1,627,300$16,852,937
95$20,279,017$3,308,820$1,567,109$18,415,875
96$22,229,158$3,352,635$1,501,290$20,134,378
97$24,374,488$3,394,869$1,429,538$22,024,235
98$26,734,796$3,435,328$1,351,538$24,102,843
99$29,331,890$3,473,804$1,266,959$26,389,371
100$32,189,798$3,510,075$1,175,457$28,904,944