Can I retire at age 68 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$158,552$157,140$155,762$154,417$153,103$150,567
2 years$78,491$77,029$75,612$74,239$72,906$70,358
3 years$51,808$50,339$48,926$47,566$46,255$43,775
4 years$38,468$37,005$35,606$34,268$32,989$30,596
5 years$30,467$29,012$27,632$26,321$25,078$22,778
6 years$25,135$23,691$22,330$21,049$19,843$17,640
7 years$21,327$19,895$18,557$17,306$16,138$14,032
8 years$18,473$17,054$15,738$14,517$13,388$11,378
9 years$16,254$14,849$13,555$12,366$11,275$9,361
10 years$14,480$13,088$11,817$10,659$9,607$7,786
11 years$13,029$11,652$10,404$9,277$8,262$6,534
12 years$11,822$10,458$9,233$8,137$7,160$5,521
13 years$10,800$9,451$8,249$7,184$6,243$4,692
14 years$9,926$8,591$7,412$6,377$5,473$4,006
15 years$9,168$7,848$6,692$5,687$4,819$3,434
16 years$8,506$7,200$6,067$5,092$4,259$2,953
17 years$7,923$6,631$5,521$4,575$3,776$2,547
18 years$7,405$6,127$5,040$4,123$3,358$2,201
19 years$6,942$5,679$4,614$3,726$2,993$1,907
20 years$6,525$5,277$4,234$3,374$2,673$1,654
21 years$6,149$4,915$3,895$3,062$2,392$1,437
22 years$5,808$4,588$3,590$2,784$2,144$1,250
23 years$5,497$4,291$3,314$2,536$1,925$1,089
24 years$5,212$4,021$3,065$2,313$1,730$949
25 years$4,950$3,773$2,839$2,112$1,557$828
26 years$4,709$3,546$2,633$1,931$1,402$723
27 years$4,486$3,337$2,445$1,768$1,264$631
28 years$4,279$3,145$2,273$1,620$1,141$552
29 years$4,087$2,967$2,115$1,485$1,030$482
30 years$3,908$2,802$1,970$1,363$931$422
31 years$3,741$2,649$1,837$1,252$841$369
32 years$3,585$2,506$1,714$1,151$761$323
33 years$3,438$2,373$1,600$1,058$689$283
34 years$3,301$2,249$1,495$973$624$248
35 years$3,171$2,134$1,398$896$565$217
36 years$3,049$2,025$1,308$825$512$190
37 years$2,934$1,923$1,224$760$464$167
38 years$2,825$1,828$1,146$701$421$146
39 years$2,723$1,738$1,074$646$381$128
40 years$2,625$1,654$1,006$596$346$112
41 years$2,532$1,574$944$550$314$98
42 years$2,444$1,499$885$508$285$86
43 years$2,361$1,428$831$469$258$76
44 years$2,281$1,362$780$433$235$66
45 years$2,205$1,298$732$400$213$58
46 years$2,133$1,239$688$369$193$51
47 years$2,064$1,182$646$341$176$45
48 years$1,998$1,128$607$315$159$39
49 years$1,935$1,078$571$291$145$34
50 years$1,875$1,029$536$269$132$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,920,000, adding $6,507 every year, while hoping to spend $33,597 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: 58/33/9 Blend
67$1,920,000$1,920,000$1,920,000$1,920,000
68$2,122,552$2,020,792$1,991,032$2,240,858
69$2,303,305$2,084,064$2,021,985$2,384,496
70$2,501,369$2,149,310$2,052,848$2,536,636
71$2,718,475$2,216,592$2,083,584$2,701,642
72$2,956,527$2,285,972$2,114,152$2,880,750
73$3,217,624$2,357,516$2,144,507$3,075,320
74$3,504,078$2,431,292$2,174,605$3,286,848
75$3,818,436$2,507,367$2,204,396$3,516,982
76$4,163,502$2,585,813$2,233,829$3,767,535
77$4,542,366$2,666,705$2,262,849$4,040,500
78$4,958,431$2,750,117$2,291,398$4,338,075
79$5,415,446$2,836,127$2,319,415$4,662,678
80$5,917,541$2,924,817$2,346,834$5,016,969
81$6,469,265$3,016,269$2,373,589$5,403,880
82$7,075,632$3,110,568$2,399,606$5,826,637
83$7,742,164$3,207,802$2,424,809$6,288,793
84$8,474,943$3,308,063$2,449,119$6,794,261
85$9,280,672$3,411,443$2,472,450$7,347,348
86$10,166,736$3,518,040$2,494,713$7,952,802
87$11,141,272$3,627,952$2,515,813$8,615,846
88$12,213,241$3,741,281$2,535,653$9,342,237
89$13,392,522$3,858,134$2,554,128$10,138,315
90$14,689,996$3,978,620$2,571,128$11,011,062
91$16,117,653$4,102,849$2,586,537$11,968,170
92$17,688,702$4,230,937$2,600,235$13,018,111
93$19,417,701$4,363,004$2,612,094$14,170,218
94$21,320,687$4,499,172$2,621,980$15,434,773
95$23,415,333$4,639,567$2,629,752$16,823,102
96$25,721,110$4,784,320$2,635,263$18,347,682
97$28,259,476$4,933,564$2,638,356$20,022,259
98$31,054,071$5,087,437$2,638,870$21,861,977
99$34,130,947$5,246,082$2,636,633$23,883,520
100$37,518,809$5,409,646$2,631,466$26,105,270