Can I retire at age 68 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$156,900$155,503$154,139$152,808$151,509$150,302
2 years$77,673$76,227$74,825$73,465$72,147$70,931
3 years$51,268$49,815$48,417$47,070$45,773$44,585
4 years$38,068$36,619$35,235$33,911$32,646$31,494
5 years$30,150$28,710$27,344$26,047$24,817$23,706
6 years$24,873$23,444$22,098$20,830$19,637$18,568
7 years$21,105$19,688$18,363$17,126$15,970$14,944
8 years$18,280$16,876$15,574$14,366$13,249$12,265
9 years$16,085$14,694$13,414$12,237$11,157$10,215
10 years$14,329$12,952$11,694$10,548$9,506$8,606
11 years$12,894$11,530$10,295$9,180$8,176$7,317
12 years$11,698$10,349$9,137$8,052$7,085$6,266
13 years$10,688$9,353$8,163$7,109$6,178$5,399
14 years$9,822$8,501$7,335$6,310$5,416$4,674
15 years$9,073$7,766$6,622$5,628$4,769$4,064
16 years$8,418$7,125$6,004$5,039$4,214$3,546
17 years$7,840$6,562$5,463$4,528$3,737$3,104
18 years$7,328$6,064$4,987$4,080$3,323$2,723
19 years$6,869$5,620$4,566$3,687$2,962$2,395
20 years$6,457$5,222$4,190$3,339$2,645$2,110
21 years$6,085$4,864$3,854$3,031$2,367$1,863
22 years$5,747$4,540$3,552$2,755$2,122$1,646
23 years$5,439$4,247$3,280$2,509$1,905$1,457
24 years$5,157$3,979$3,033$2,289$1,712$1,291
25 years$4,898$3,734$2,809$2,090$1,541$1,145
26 years$4,660$3,509$2,606$1,911$1,388$1,016
27 years$4,439$3,303$2,420$1,749$1,251$903
28 years$4,235$3,112$2,249$1,603$1,129$802
29 years$4,045$2,936$2,093$1,470$1,019$714
30 years$3,868$2,773$1,950$1,349$921$635
31 years$3,702$2,621$1,818$1,239$833$565
32 years$3,548$2,480$1,696$1,139$753$504
33 years$3,403$2,349$1,583$1,047$682$449
34 years$3,266$2,226$1,479$963$617$400
35 years$3,138$2,111$1,383$887$559$356
36 years$3,018$2,004$1,294$817$507$318
37 years$2,904$1,903$1,211$752$459$284
38 years$2,796$1,809$1,134$694$416$253
39 years$2,694$1,720$1,063$640$377$226
40 years$2,598$1,636$996$590$342$201
41 years$2,506$1,558$934$544$311$180
42 years$2,419$1,484$876$502$282$161
43 years$2,336$1,414$822$464$256$143
44 years$2,257$1,347$772$428$232$128
45 years$2,182$1,285$725$395$211$114
46 years$2,111$1,226$681$365$191$102
47 years$2,043$1,170$639$337$174$91
48 years$1,977$1,117$601$312$158$81
49 years$1,915$1,066$565$288$143$73
50 years$1,855$1,019$531$266$130$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,900,000, adding $2,607 every year, while hoping to spend $59,191 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: 56/32/12 Blend
67$1,900,000$1,900,000$1,900,000$1,900,000
68$2,096,489$1,995,789$1,966,339$2,207,391
69$2,247,352$2,030,604$1,969,233$2,317,581
70$2,411,620$2,065,141$1,970,239$2,430,825
71$2,590,596$2,099,324$1,969,234$2,552,782
72$2,785,717$2,133,071$1,966,083$2,684,294
73$2,998,563$2,166,295$1,960,650$2,826,292
74$3,230,874$2,198,900$1,952,789$2,979,798
75$3,484,563$2,230,787$1,942,348$3,145,942
76$3,761,740$2,261,847$1,929,168$3,325,968
77$4,064,723$2,291,963$1,913,081$3,521,249
78$4,396,069$2,321,013$1,893,913$3,733,299
79$4,758,589$2,348,864$1,871,480$3,963,785
80$5,155,381$2,375,374$1,845,590$4,214,550
81$5,589,856$2,400,393$1,816,043$4,487,621
82$6,065,768$2,423,759$1,782,628$4,785,236
83$6,587,255$2,445,302$1,745,124$5,109,864
84$7,158,870$2,464,837$1,703,302$5,464,226
85$7,785,632$2,482,171$1,656,919$5,851,322
86$8,473,065$2,497,096$1,605,724$6,274,462
87$9,227,255$2,509,391$1,549,453$6,737,294
88$10,054,905$2,518,821$1,487,830$7,243,843
89$10,963,399$2,525,138$1,420,567$7,798,546
90$11,960,871$2,528,075$1,347,361$8,406,296
91$13,056,280$2,527,351$1,267,898$9,072,489
92$14,259,496$2,522,666$1,181,848$9,803,075
93$15,581,392$2,513,704$1,088,866$10,604,614
94$17,033,944$2,500,126$988,594$11,484,341
95$18,630,350$2,481,575$880,655$12,450,232
96$20,385,145$2,457,672$764,657$13,511,082
97$22,314,347$2,428,015$640,189$14,676,591
98$24,435,599$2,392,177$506,825$15,957,452
99$26,768,343$2,349,706$364,116$17,365,454
100$29,333,996$2,300,124$211,596$18,913,597