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%13.5%
1 years$164,332$162,869$161,440$160,046$158,685$156,379
2 years$81,353$79,838$78,369$76,945$75,564$73,245
3 years$53,696$52,175$50,710$49,300$47,941$45,682
4 years$39,871$38,354$36,904$35,518$34,192$32,010
5 years$31,578$30,070$28,639$27,281$25,992$23,893
6 years$26,051$24,554$23,145$21,817$20,567$18,554
7 years$22,105$20,621$19,233$17,937$16,726$14,800
8 years$19,146$17,676$16,311$15,047$13,876$12,036
9 years$16,847$15,390$14,049$12,816$11,686$9,931
10 years$15,008$13,565$12,248$11,048$9,957$8,286
11 years$13,504$12,077$10,783$9,615$8,563$6,975
12 years$12,253$10,839$9,570$8,434$7,421$5,913
13 years$11,194$9,796$8,550$7,446$6,471$5,042
14 years$10,288$8,904$7,682$6,609$5,672$4,319
15 years$9,503$8,134$6,936$5,894$4,994$3,715
16 years$8,816$7,463$6,288$5,278$4,414$3,206
17 years$8,212$6,873$5,722$4,742$3,914$2,775
18 years$7,675$6,351$5,224$4,274$3,480$2,407
19 years$7,195$5,886$4,782$3,862$3,102$2,092
20 years$6,763$5,469$4,389$3,497$2,771$1,822
21 years$6,374$5,095$4,037$3,174$2,479$1,589
22 years$6,020$4,756$3,720$2,886$2,222$1,388
23 years$5,697$4,448$3,435$2,628$1,995$1,213
24 years$5,402$4,167$3,177$2,397$1,793$1,061
25 years$5,131$3,911$2,943$2,189$1,614$930
26 years$4,881$3,676$2,729$2,002$1,453$815
27 years$4,649$3,459$2,534$1,832$1,310$715
28 years$4,435$3,259$2,356$1,679$1,182$627
29 years$4,236$3,075$2,192$1,539$1,068$551
30 years$4,051$2,904$2,042$1,413$965$484
31 years$3,878$2,745$1,904$1,298$872$425
32 years$3,716$2,598$1,776$1,192$789$373
33 years$3,564$2,460$1,658$1,097$714$328
34 years$3,421$2,331$1,550$1,009$646$289
35 years$3,287$2,211$1,449$929$586$254
36 years$3,161$2,099$1,355$855$530$223
37 years$3,041$1,993$1,269$788$481$197
38 years$2,928$1,894$1,188$726$436$173
39 years$2,822$1,801$1,113$670$395$152
40 years$2,721$1,714$1,043$618$359$134
41 years$2,625$1,632$978$570$325$118
42 years$2,534$1,554$918$526$295$104
43 years$2,447$1,480$861$486$268$92
44 years$2,364$1,411$808$448$243$81
45 years$2,286$1,346$759$414$221$71
46 years$2,211$1,284$713$382$200$63
47 years$2,139$1,225$670$353$182$55
48 years$2,071$1,170$629$327$165$48
49 years$2,006$1,117$591$302$150$43
50 years$1,943$1,067$556$279$136$38

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 $3,269 every year, while hoping to spend $50,260 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: 28/46/26 Blend
67$1,990,000$1,990,000$1,990,000$1,990,000
68$2,196,352$2,090,882$2,060,037$2,239,991
69$2,366,904$2,139,859$2,075,572$2,323,825
70$2,553,167$2,189,551$2,089,943$2,409,239
71$2,756,692$2,239,941$2,103,058$2,499,982
72$2,979,184$2,291,007$2,114,819$2,596,543
73$3,222,521$2,342,727$2,125,127$2,699,464
74$3,488,772$2,395,075$2,133,872$2,809,342
75$3,780,213$2,448,020$2,140,943$2,926,836
76$4,099,352$2,501,531$2,146,222$3,052,670
77$4,448,951$2,555,570$2,149,585$3,187,647
78$4,832,050$2,610,099$2,150,902$3,332,652
79$5,251,998$2,665,073$2,150,036$3,488,658
80$5,712,483$2,720,443$2,146,845$3,656,744
81$6,217,569$2,776,157$2,141,176$3,838,096
82$6,771,730$2,832,157$2,132,874$4,034,026
83$7,379,894$2,888,381$2,121,773$4,245,978
84$8,047,490$2,944,758$2,107,700$4,475,550
85$8,780,499$3,001,216$2,090,472$4,724,502
86$9,585,508$3,057,674$2,069,901$4,994,776
87$10,469,773$3,114,044$2,045,787$5,288,517
88$11,441,291$3,170,232$2,017,921$5,608,090
89$12,508,866$3,226,137$1,986,085$5,956,104
90$13,682,201$3,281,649$1,950,050$6,335,440
91$14,971,986$3,336,650$1,909,577$6,749,274
92$16,389,997$3,391,014$1,864,415$7,201,111
93$17,949,206$3,444,604$1,814,303$7,694,820
94$19,663,909$3,497,273$1,758,967$8,234,667
95$21,549,855$3,548,866$1,698,118$8,825,358
96$23,624,393$3,599,214$1,631,459$9,472,086
97$25,906,643$3,648,138$1,558,675$10,180,580
98$28,417,668$3,695,444$1,479,438$10,957,157
99$31,180,677$3,740,927$1,393,406$11,808,789
100$34,221,242$3,784,368$1,300,220$12,743,163