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%12.6%
1 years$157,726$156,321$154,950$153,612$152,306$150,653
2 years$78,082$76,628$75,219$73,852$72,527$70,862
3 years$51,538$50,077$48,671$47,318$46,014$44,390
4 years$38,268$36,812$35,420$34,090$32,818$31,246
5 years$30,308$28,861$27,488$26,184$24,947$23,433
6 years$25,004$23,567$22,214$20,940$19,740$18,285
7 years$21,216$19,792$18,460$17,216$16,054$14,659
8 years$18,377$16,965$15,656$14,442$13,318$11,983
9 years$16,169$14,771$13,484$12,301$11,216$9,940
10 years$14,405$13,020$11,756$10,604$9,557$8,339
11 years$12,962$11,591$10,350$9,228$8,219$7,059
12 years$11,760$10,404$9,185$8,095$7,122$6,019
13 years$10,744$9,402$8,206$7,146$6,211$5,162
14 years$9,874$8,546$7,373$6,344$5,444$4,449
15 years$9,121$7,807$6,657$5,657$4,794$3,850
16 years$8,462$7,163$6,036$5,066$4,237$3,343
17 years$7,882$6,597$5,492$4,551$3,756$2,912
18 years$7,366$6,095$5,014$4,102$3,340$2,542
19 years$6,906$5,649$4,590$3,706$2,977$2,225
20 years$6,491$5,250$4,212$3,357$2,659$1,950
21 years$6,117$4,890$3,874$3,046$2,380$1,712
22 years$5,778$4,564$3,571$2,770$2,133$1,505
23 years$5,468$4,269$3,297$2,523$1,915$1,325
24 years$5,185$4,000$3,049$2,301$1,721$1,168
25 years$4,924$3,754$2,824$2,101$1,549$1,030
26 years$4,684$3,528$2,619$1,921$1,395$909
27 years$4,463$3,320$2,432$1,759$1,258$803
28 years$4,257$3,128$2,261$1,611$1,135$710
29 years$4,066$2,951$2,104$1,478$1,025$628
30 years$3,888$2,787$1,960$1,356$926$556
31 years$3,722$2,635$1,827$1,245$837$492
32 years$3,566$2,493$1,705$1,145$757$435
33 years$3,421$2,361$1,592$1,052$685$386
34 years$3,284$2,238$1,487$968$620$342
35 years$3,155$2,122$1,391$891$562$303
36 years$3,034$2,014$1,301$821$509$269
37 years$2,919$1,913$1,218$756$461$238
38 years$2,811$1,818$1,140$697$418$211
39 years$2,708$1,729$1,068$643$379$187
40 years$2,611$1,645$1,001$593$344$166
41 years$2,519$1,566$939$547$312$147
42 years$2,432$1,491$881$505$283$131
43 years$2,349$1,421$826$466$257$116
44 years$2,269$1,354$776$430$233$103
45 years$2,194$1,292$728$397$212$91
46 years$2,122$1,232$684$367$192$81
47 years$2,053$1,176$643$339$175$72
48 years$1,988$1,122$604$313$159$64
49 years$1,925$1,072$568$290$144$57
50 years$1,865$1,024$534$268$131$50

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 $6,860 every year, while hoping to spend $26,993 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: 69/25/6 Blend
67$1,910,000$1,910,000$1,910,000$1,910,000
68$2,111,896$2,010,666$1,981,061$2,255,387
69$2,298,589$2,080,468$2,018,706$2,421,015
70$2,503,420$2,152,786$2,056,708$2,598,163
71$2,728,211$2,227,715$2,095,049$2,791,196
72$2,974,968$2,305,352$2,133,713$3,001,664
73$3,245,901$2,385,800$2,172,678$3,231,274
74$3,543,444$2,469,167$2,211,925$3,481,903
75$3,870,281$2,555,562$2,251,430$3,755,620
76$4,229,366$2,645,100$2,291,169$4,054,699
77$4,623,953$2,737,902$2,331,115$4,381,644
78$5,057,629$2,834,091$2,371,240$4,739,215
79$5,534,344$2,933,798$2,411,513$5,130,446
80$6,058,450$3,037,157$2,451,902$5,558,680
81$6,634,742$3,144,308$2,492,371$6,027,599
82$7,268,503$3,255,397$2,532,883$6,541,254
83$7,965,554$3,370,575$2,573,398$7,104,110
84$8,732,308$3,490,001$2,613,874$7,721,082
85$9,575,830$3,613,837$2,654,265$8,397,582
86$10,503,905$3,742,256$2,694,524$9,139,572
87$11,525,111$3,875,434$2,734,598$9,953,617
88$12,648,899$4,013,557$2,774,434$10,846,950
89$13,885,683$4,156,818$2,813,974$11,827,536
90$15,246,936$4,305,415$2,853,156$12,904,147
91$16,745,302$4,459,559$2,891,915$14,086,449
92$18,394,712$4,619,466$2,930,183$15,385,088
93$20,210,515$4,785,362$2,967,886$16,811,788
94$22,209,625$4,957,483$3,004,948$18,379,470
95$24,410,681$5,136,073$3,041,287$20,102,363
96$26,834,217$5,321,388$3,076,818$21,996,146
97$29,502,865$5,513,693$3,111,448$24,078,088
98$32,441,558$5,713,266$3,145,083$26,367,218
99$35,677,774$5,920,393$3,177,621$28,884,497
100$39,241,791$6,135,376$3,208,954$31,653,020