Can I retire at age 68 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$157,726$156,321$154,950$153,612$152,306$147,905
2 years$78,082$76,628$75,219$73,852$72,527$68,128
3 years$51,538$50,077$48,671$47,318$46,014$41,755
4 years$38,268$36,812$35,420$34,090$32,818$28,731
5 years$30,308$28,861$27,488$26,184$24,947$21,044
6 years$25,004$23,567$22,214$20,940$19,740$16,024
7 years$21,216$19,792$18,460$17,216$16,054$12,525
8 years$18,377$16,965$15,656$14,442$13,318$9,975
9 years$16,169$14,771$13,484$12,301$11,216$8,054
10 years$14,405$13,020$11,756$10,604$9,557$6,573
11 years$12,962$11,591$10,350$9,228$8,219$5,408
12 years$11,760$10,404$9,185$8,095$7,122$4,478
13 years$10,744$9,402$8,206$7,146$6,211$3,728
14 years$9,874$8,546$7,373$6,344$5,444$3,116
15 years$9,121$7,807$6,657$5,657$4,794$2,614
16 years$8,462$7,163$6,036$5,066$4,237$2,199
17 years$7,882$6,597$5,492$4,551$3,756$1,855
18 years$7,366$6,095$5,014$4,102$3,340$1,567
19 years$6,906$5,649$4,590$3,706$2,977$1,326
20 years$6,491$5,250$4,212$3,357$2,659$1,124
21 years$6,117$4,890$3,874$3,046$2,380$954
22 years$5,778$4,564$3,571$2,770$2,133$810
23 years$5,468$4,269$3,297$2,523$1,915$688
24 years$5,185$4,000$3,049$2,301$1,721$586
25 years$4,924$3,754$2,824$2,101$1,549$498
26 years$4,684$3,528$2,619$1,921$1,395$424
27 years$4,463$3,320$2,432$1,759$1,258$361
28 years$4,257$3,128$2,261$1,611$1,135$308
29 years$4,066$2,951$2,104$1,478$1,025$263
30 years$3,888$2,787$1,960$1,356$926$224
31 years$3,722$2,635$1,827$1,245$837$191
32 years$3,566$2,493$1,705$1,145$757$163
33 years$3,421$2,361$1,592$1,052$685$139
34 years$3,284$2,238$1,487$968$620$119
35 years$3,155$2,122$1,391$891$562$101
36 years$3,034$2,014$1,301$821$509$86
37 years$2,919$1,913$1,218$756$461$74
38 years$2,811$1,818$1,140$697$418$63
39 years$2,708$1,729$1,068$643$379$54
40 years$2,611$1,645$1,001$593$344$46
41 years$2,519$1,566$939$547$312$39
42 years$2,432$1,491$881$505$283$33
43 years$2,349$1,421$826$466$257$29
44 years$2,269$1,354$776$430$233$24
45 years$2,194$1,292$728$397$212$21
46 years$2,122$1,232$684$367$192$18
47 years$2,053$1,176$643$339$175$15
48 years$1,988$1,122$604$313$159$13
49 years$1,925$1,072$568$290$144$11
50 years$1,865$1,024$534$268$131$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,910,000, adding $2,081 every year, while hoping to spend $53,970 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: 60/19/21 Blend
67$1,910,000$1,910,000$1,910,000$1,910,000
68$2,106,967$2,005,737$1,976,132$2,221,613
69$2,264,453$2,046,594$1,984,908$2,340,411
70$2,436,195$2,087,645$1,992,170$2,463,865
71$2,623,589$2,128,841$1,997,810$2,597,349
72$2,828,172$2,170,131$2,001,713$2,741,845
73$3,051,637$2,211,459$2,003,763$2,898,436
74$3,295,848$2,252,765$2,003,833$3,068,315
75$3,562,857$2,293,982$2,001,793$3,252,797
76$3,854,921$2,335,040$1,997,506$3,453,332
77$4,174,529$2,375,863$1,990,828$3,671,518
78$4,524,418$2,416,368$1,981,608$3,909,116
79$4,907,605$2,456,466$1,969,688$4,168,070
80$5,327,410$2,496,062$1,954,902$4,450,519
81$5,787,491$2,535,055$1,937,077$4,758,825
82$6,291,876$2,573,333$1,916,030$5,095,589
83$6,845,001$2,610,780$1,891,571$5,463,681
84$7,451,753$2,647,270$1,863,500$5,866,262
85$8,117,513$2,682,667$1,831,608$6,306,819
86$8,848,209$2,716,828$1,795,677$6,789,196
87$9,650,372$2,749,598$1,755,478$7,317,631
88$10,531,194$2,780,813$1,710,770$7,896,794
89$11,498,600$2,810,296$1,661,305$8,531,836
90$12,561,317$2,837,861$1,606,818$9,228,433
91$13,728,962$2,863,307$1,547,038$9,992,846
92$15,012,128$2,886,421$1,481,675$10,831,974
93$16,422,486$2,906,976$1,410,432$11,753,424
94$17,972,892$2,924,730$1,332,994$12,765,580
95$19,677,512$2,939,427$1,249,035$13,877,686
96$21,551,953$2,950,793$1,158,211$15,099,934
97$23,613,407$2,958,537$1,060,166$16,443,555
98$25,880,818$2,962,349$954,526$17,920,934
99$28,375,060$2,961,902$840,900$19,545,722
100$31,119,127$2,956,847$718,882$21,332,965