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%13.6%
1 years$159,378$157,958$156,573$155,221$153,901$151,601
2 years$78,900$77,430$76,006$74,625$73,286$70,974
3 years$52,077$50,602$49,181$47,813$46,496$44,244
4 years$38,669$37,198$35,791$34,447$33,161$30,986
5 years$30,626$29,163$27,775$26,458$25,209$23,117
6 years$25,265$23,814$22,447$21,159$19,947$17,941
7 years$21,438$19,999$18,653$17,396$16,222$14,303
8 years$18,569$17,143$15,819$14,593$13,458$11,626
9 years$16,339$14,926$13,625$12,430$11,333$9,587
10 years$14,555$13,156$11,879$10,715$9,657$7,994
11 years$13,097$11,712$10,458$9,325$8,305$6,725
12 years$11,883$10,512$9,281$8,179$7,197$5,697
13 years$10,857$9,500$8,292$7,221$6,276$4,855
14 years$9,977$8,635$7,451$6,410$5,501$4,156
15 years$9,216$7,889$6,727$5,717$4,844$3,572
16 years$8,551$7,238$6,099$5,119$4,281$3,081
17 years$7,964$6,666$5,550$4,599$3,796$2,664
18 years$7,443$6,159$5,066$4,145$3,375$2,310
19 years$6,978$5,708$4,638$3,745$3,008$2,006
20 years$6,559$5,305$4,256$3,392$2,687$1,746
21 years$6,181$4,941$3,915$3,078$2,405$1,521
22 years$5,838$4,612$3,608$2,799$2,155$1,327
23 years$5,525$4,314$3,332$2,549$1,935$1,160
24 years$5,239$4,042$3,081$2,325$1,739$1,014
25 years$4,976$3,793$2,854$2,123$1,565$887
26 years$4,733$3,565$2,647$1,941$1,410$777
27 years$4,509$3,355$2,458$1,777$1,271$681
28 years$4,302$3,161$2,285$1,628$1,147$597
29 years$4,108$2,982$2,126$1,493$1,035$524
30 years$3,929$2,816$1,980$1,370$936$460
31 years$3,761$2,662$1,846$1,258$846$404
32 years$3,604$2,519$1,723$1,157$765$354
33 years$3,456$2,386$1,608$1,064$692$311
34 years$3,318$2,261$1,503$979$627$274
35 years$3,188$2,145$1,405$901$568$240
36 years$3,065$2,036$1,314$830$515$211
37 years$2,950$1,933$1,230$764$466$186
38 years$2,840$1,837$1,152$705$423$163
39 years$2,737$1,747$1,079$650$383$144
40 years$2,639$1,662$1,012$599$348$126
41 years$2,546$1,582$949$553$315$111
42 years$2,457$1,507$890$510$286$98
43 years$2,373$1,436$835$471$260$86
44 years$2,293$1,369$784$435$236$76
45 years$2,217$1,305$736$402$214$67
46 years$2,144$1,245$691$371$194$59
47 years$2,075$1,188$649$343$176$52
48 years$2,008$1,134$610$317$160$45
49 years$1,945$1,083$574$293$146$40
50 years$1,884$1,035$539$271$132$35

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 $6,007 every year, while hoping to spend $50,896 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: 85/5/10 Blend
67$1,930,000$1,930,000$1,930,000$1,930,000
68$2,133,056$2,030,766$2,000,851$2,310,762
69$2,296,475$2,076,121$2,013,727$2,473,128
70$2,474,857$2,121,992$2,025,328$2,643,981
71$2,669,674$2,168,351$2,035,558$2,830,118
72$2,882,547$2,215,167$2,044,316$3,033,045
73$3,115,262$2,262,405$2,051,495$3,254,421
74$3,369,782$2,310,026$2,056,984$3,496,074
75$3,648,271$2,357,989$2,060,664$3,760,015
76$3,953,111$2,406,247$2,062,413$4,048,461
77$4,286,926$2,454,751$2,062,101$4,363,853
78$4,652,604$2,503,445$2,059,593$4,708,880
79$5,053,325$2,552,270$2,054,745$5,086,505
80$5,492,595$2,601,161$2,047,409$5,499,990
81$5,974,270$2,650,048$2,037,428$5,952,930
82$6,502,601$2,698,857$2,024,638$6,449,284
83$7,082,269$2,747,503$2,008,866$6,993,417
84$7,718,430$2,795,901$1,989,933$7,590,135
85$8,416,764$2,843,953$1,967,649$8,244,732
86$9,183,525$2,891,558$1,941,816$8,963,044
87$10,025,606$2,938,606$1,912,229$9,751,498
88$10,950,598$2,984,978$1,878,669$10,617,178
89$11,966,864$3,030,547$1,840,909$11,567,886
90$13,083,618$3,075,177$1,798,713$12,612,223
91$14,311,008$3,118,723$1,751,832$13,759,661
92$15,660,218$3,161,027$1,700,005$15,020,640
93$17,143,566$3,201,923$1,642,960$16,406,663
94$18,774,624$3,241,232$1,580,414$17,930,406
95$20,568,347$3,278,763$1,512,069$19,605,833
96$22,541,208$3,314,312$1,437,613$21,448,336
97$24,711,361$3,347,663$1,356,723$23,474,871
98$27,098,804$3,378,582$1,269,057$25,704,126
99$29,725,573$3,406,824$1,174,261$28,156,693
100$32,615,947$3,432,124$1,071,965$30,855,261