Can I retire at age 68 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$159,378$157,958$156,573$155,221$153,901$148,796
2 years$78,900$77,430$76,006$74,625$73,286$68,192
3 years$52,077$50,602$49,181$47,813$46,496$41,573
4 years$38,669$37,198$35,791$34,447$33,161$28,448
5 years$30,626$29,163$27,775$26,458$25,209$20,716
6 years$25,265$23,814$22,447$21,159$19,947$15,680
7 years$21,438$19,999$18,653$17,396$16,222$12,180
8 years$18,569$17,143$15,819$14,593$13,458$9,637
9 years$16,339$14,926$13,625$12,430$11,333$7,729
10 years$14,555$13,156$11,879$10,715$9,657$6,264
11 years$13,097$11,712$10,458$9,325$8,305$5,117
12 years$11,883$10,512$9,281$8,179$7,197$4,207
13 years$10,857$9,500$8,292$7,221$6,276$3,476
14 years$9,977$8,635$7,451$6,410$5,501$2,884
15 years$9,216$7,889$6,727$5,717$4,844$2,400
16 years$8,551$7,238$6,099$5,119$4,281$2,003
17 years$7,964$6,666$5,550$4,599$3,796$1,676
18 years$7,443$6,159$5,066$4,145$3,375$1,404
19 years$6,978$5,708$4,638$3,745$3,008$1,179
20 years$6,559$5,305$4,256$3,392$2,687$991
21 years$6,181$4,941$3,915$3,078$2,405$833
22 years$5,838$4,612$3,608$2,799$2,155$702
23 years$5,525$4,314$3,332$2,549$1,935$591
24 years$5,239$4,042$3,081$2,325$1,739$499
25 years$4,976$3,793$2,854$2,123$1,565$421
26 years$4,733$3,565$2,647$1,941$1,410$355
27 years$4,509$3,355$2,458$1,777$1,271$300
28 years$4,302$3,161$2,285$1,628$1,147$253
29 years$4,108$2,982$2,126$1,493$1,035$214
30 years$3,929$2,816$1,980$1,370$936$181
31 years$3,761$2,662$1,846$1,258$846$153
32 years$3,604$2,519$1,723$1,157$765$129
33 years$3,456$2,386$1,608$1,064$692$109
34 years$3,318$2,261$1,503$979$627$92
35 years$3,188$2,145$1,405$901$568$78
36 years$3,065$2,036$1,314$830$515$66
37 years$2,950$1,933$1,230$764$466$56
38 years$2,840$1,837$1,152$705$423$47
39 years$2,737$1,747$1,079$650$383$40
40 years$2,639$1,662$1,012$599$348$34
41 years$2,546$1,582$949$553$315$29
42 years$2,457$1,507$890$510$286$24
43 years$2,373$1,436$835$471$260$20
44 years$2,293$1,369$784$435$236$17
45 years$2,217$1,305$736$402$214$15
46 years$2,144$1,245$691$371$194$12
47 years$2,075$1,188$649$343$176$10
48 years$2,008$1,134$610$317$160$9
49 years$1,945$1,083$574$293$146$7
50 years$1,884$1,035$539$271$132$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,930,000, adding $4,737 every year, while hoping to spend $55,666 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: 78/16/6 Blend
67$1,930,000$1,930,000$1,930,000$1,930,000
68$2,131,746$2,029,456$1,999,541$2,296,542
69$2,289,956$2,069,671$2,007,298$2,445,496
70$2,462,438$2,109,991$2,013,448$2,601,070
71$2,650,588$2,150,363$2,017,880$2,770,020
72$2,855,945$2,190,727$2,020,476$2,953,649
73$3,080,200$2,231,022$2,021,111$3,153,395
74$3,325,217$2,271,179$2,019,655$3,370,841
75$3,593,048$2,311,124$2,015,972$3,607,728
76$3,885,949$2,350,781$2,009,918$3,865,976
77$4,206,409$2,390,062$2,001,343$4,147,699
78$4,557,165$2,428,877$1,990,090$4,455,225
79$4,941,231$2,467,127$1,975,993$4,791,120
80$5,361,928$2,504,708$1,958,880$5,158,208
81$5,822,912$2,541,505$1,938,570$5,559,602
82$6,328,209$2,577,399$1,914,872$5,998,733
83$6,882,255$2,612,260$1,887,589$6,479,377
84$7,489,932$2,645,949$1,856,511$7,005,697
85$8,156,623$2,678,317$1,821,421$7,582,280
86$8,888,251$2,709,208$1,782,091$8,214,178
87$9,691,344$2,738,451$1,738,283$8,906,959
88$10,573,093$2,765,866$1,689,747$9,666,758
89$11,541,416$2,791,262$1,636,222$10,500,334
90$12,605,040$2,814,433$1,577,434$11,415,136
91$13,773,574$2,835,160$1,513,099$12,419,371
92$15,057,608$2,853,212$1,442,917$13,522,083
93$16,468,806$2,868,342$1,366,576$14,733,239
94$18,020,019$2,880,285$1,283,751$16,063,819
95$19,725,405$2,888,763$1,194,101$17,525,926
96$21,600,561$2,893,477$1,097,268$19,132,895
97$23,662,673$2,894,112$992,881$20,899,423
98$25,930,674$2,890,332$880,551$22,841,703
99$28,425,425$2,881,780$759,871$24,977,583
100$31,169,910$2,868,079$630,419$27,326,729