Can I retire at age 68 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$164,332$162,869$161,440$160,046$158,685$152,570
2 years$81,353$79,838$78,369$76,945$75,564$69,476
3 years$53,696$52,175$50,710$49,300$47,941$42,072
4 years$39,871$38,354$36,904$35,518$34,192$28,586
5 years$31,578$30,070$28,639$27,281$25,992$20,664
6 years$26,051$24,554$23,145$21,817$20,567$15,520
7 years$22,105$20,621$19,233$17,937$16,726$11,960
8 years$19,146$17,676$16,311$15,047$13,876$9,385
9 years$16,847$15,390$14,049$12,816$11,686$7,463
10 years$15,008$13,565$12,248$11,048$9,957$5,995
11 years$13,504$12,077$10,783$9,615$8,563$4,853
12 years$12,253$10,839$9,570$8,434$7,421$3,952
13 years$11,194$9,796$8,550$7,446$6,471$3,235
14 years$10,288$8,904$7,682$6,609$5,672$2,657
15 years$9,503$8,134$6,936$5,894$4,994$2,190
16 years$8,816$7,463$6,288$5,278$4,414$1,809
17 years$8,212$6,873$5,722$4,742$3,914$1,498
18 years$7,675$6,351$5,224$4,274$3,480$1,242
19 years$7,195$5,886$4,782$3,862$3,102$1,032
20 years$6,763$5,469$4,389$3,497$2,771$858
21 years$6,374$5,095$4,037$3,174$2,479$714
22 years$6,020$4,756$3,720$2,886$2,222$595
23 years$5,697$4,448$3,435$2,628$1,995$496
24 years$5,402$4,167$3,177$2,397$1,793$413
25 years$5,131$3,911$2,943$2,189$1,614$345
26 years$4,881$3,676$2,729$2,002$1,453$288
27 years$4,649$3,459$2,534$1,832$1,310$240
28 years$4,435$3,259$2,356$1,679$1,182$201
29 years$4,236$3,075$2,192$1,539$1,068$167
30 years$4,051$2,904$2,042$1,413$965$140
31 years$3,878$2,745$1,904$1,298$872$117
32 years$3,716$2,598$1,776$1,192$789$98
33 years$3,564$2,460$1,658$1,097$714$82
34 years$3,421$2,331$1,550$1,009$646$68
35 years$3,287$2,211$1,449$929$586$57
36 years$3,161$2,099$1,355$855$530$48
37 years$3,041$1,993$1,269$788$481$40
38 years$2,928$1,894$1,188$726$436$33
39 years$2,822$1,801$1,113$670$395$28
40 years$2,721$1,714$1,043$618$359$23
41 years$2,625$1,632$978$570$325$19
42 years$2,534$1,554$918$526$295$16
43 years$2,447$1,480$861$486$268$14
44 years$2,364$1,411$808$448$243$11
45 years$2,286$1,346$759$414$221$10
46 years$2,211$1,284$713$382$200$8
47 years$2,139$1,225$670$353$182$7
48 years$2,071$1,170$629$327$165$6
49 years$2,006$1,117$591$302$150$5
50 years$1,943$1,067$556$279$136$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,990,000, adding $4,455 every year, while hoping to spend $43,496 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: 67/10/23 Blend
67$1,990,000$1,990,000$1,990,000$1,990,000
68$2,197,575$2,092,105$2,061,260$2,331,620
69$2,375,449$2,148,339$2,084,033$2,478,381
70$2,570,007$2,205,870$2,106,111$2,633,432
71$2,782,907$2,264,717$2,127,425$2,801,986
72$3,015,971$2,324,896$2,147,902$2,985,372
73$3,271,209$2,386,424$2,167,464$3,185,058
74$3,550,830$2,449,317$2,186,032$3,402,658
75$3,857,269$2,513,589$2,203,519$3,639,952
76$4,193,210$2,579,254$2,219,837$3,898,899
77$4,561,606$2,646,325$2,234,889$4,181,661
78$4,965,710$2,714,815$2,248,578$4,490,617
79$5,409,105$2,784,734$2,260,798$4,828,388
80$5,895,738$2,856,090$2,271,439$5,197,865
81$6,429,958$2,928,893$2,280,387$5,602,230
82$7,016,552$3,003,148$2,287,519$6,044,993
83$7,660,798$3,078,860$2,292,708$6,530,017
84$8,368,506$3,156,031$2,295,821$7,061,564
85$9,146,080$3,234,662$2,296,717$7,644,327
86$10,000,571$3,314,752$2,295,248$8,283,478
87$10,939,751$3,396,296$2,291,260$8,984,718
88$11,972,179$3,479,288$2,284,591$9,754,328
89$13,107,287$3,563,719$2,275,071$10,599,230
90$14,355,465$3,649,576$2,262,520$11,527,052
91$15,728,162$3,736,844$2,246,754$12,546,202
92$17,237,989$3,825,504$2,227,575$13,665,943
93$18,898,843$3,915,534$2,204,778$14,896,484
94$20,726,037$4,006,906$2,178,149$16,249,077
95$22,736,438$4,099,590$2,147,463$17,736,121
96$24,948,635$4,193,550$2,112,483$19,371,281
97$27,383,108$4,288,747$2,072,964$21,169,615
98$30,062,424$4,385,134$2,028,647$23,147,718
99$33,011,446$4,482,660$1,979,261$25,323,881
100$36,257,572$4,581,269$1,924,525$27,718,258