Can I retire at age 68 with 1,800,000?

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$148,642$147,318$146,027$144,766$143,535$139,051
2 years$73,585$72,215$70,887$69,599$68,350$63,873
3 years$48,570$47,193$45,868$44,593$43,364$39,034
4 years$36,064$34,692$33,380$32,127$30,928$26,777
5 years$28,563$27,199$25,905$24,676$23,511$19,552
6 years$23,564$22,210$20,935$19,734$18,603$14,839
7 years$19,994$18,652$17,397$16,224$15,129$11,559
8 years$17,318$15,988$14,754$13,610$12,551$9,173
9 years$15,238$13,921$12,708$11,593$10,570$7,380
10 years$13,575$12,270$11,079$9,993$9,006$6,000
11 years$12,215$10,924$9,754$8,697$7,746$4,917
12 years$11,083$9,804$8,656$7,628$6,712$4,056
13 years$10,125$8,860$7,734$6,735$5,853$3,363
14 years$9,305$8,054$6,949$5,978$5,131$2,799
15 years$8,595$7,357$6,274$5,332$4,518$2,338
16 years$7,975$6,750$5,688$4,774$3,993$1,959
17 years$7,428$6,217$5,176$4,289$3,540$1,645
18 years$6,942$5,744$4,725$3,866$3,148$1,383
19 years$6,508$5,324$4,325$3,493$2,806$1,165
20 years$6,118$4,947$3,970$3,163$2,506$983
21 years$5,765$4,608$3,651$2,871$2,243$830
22 years$5,445$4,302$3,365$2,610$2,010$702
23 years$5,153$4,023$3,107$2,377$1,804$594
24 years$4,886$3,769$2,874$2,168$1,622$503
25 years$4,641$3,537$2,662$1,980$1,459$426
26 years$4,415$3,325$2,468$1,811$1,315$361
27 years$4,206$3,129$2,292$1,657$1,185$306
28 years$4,012$2,948$2,131$1,518$1,069$259
29 years$3,832$2,781$1,983$1,392$966$220
30 years$3,664$2,627$1,847$1,278$873$187
31 years$3,507$2,483$1,722$1,174$789$158
32 years$3,361$2,350$1,607$1,079$714$134
33 years$3,224$2,225$1,500$992$646$114
34 years$3,095$2,109$1,402$913$585$97
35 years$2,973$2,000$1,310$840$530$82
36 years$2,859$1,898$1,226$774$480$70
37 years$2,751$1,803$1,147$713$435$59
38 years$2,649$1,714$1,074$657$394$50
39 years$2,552$1,629$1,007$606$358$43
40 years$2,461$1,550$944$559$324$36
41 years$2,374$1,476$885$516$294$31
42 years$2,292$1,405$830$476$267$26
43 years$2,213$1,339$779$439$242$22
44 years$2,139$1,276$731$406$220$19
45 years$2,068$1,217$686$375$200$16
46 years$2,000$1,161$645$346$181$14
47 years$1,935$1,108$606$320$165$12
48 years$1,873$1,058$569$295$149$10
49 years$1,814$1,010$535$273$136$8
50 years$1,757$965$503$252$123$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,800,000, adding $4,935 every year, while hoping to spend $51,595 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: 67/24/9 Blend
67$1,800,000$1,800,000$1,800,000$1,800,000
68$1,988,690$1,893,290$1,865,390$2,118,071
69$2,136,640$1,931,165$1,872,984$2,242,535
70$2,297,952$1,969,166$1,879,103$2,371,918
71$2,473,933$2,007,246$1,883,644$2,512,010
72$2,666,025$2,045,351$1,886,496$2,663,850
73$2,875,812$2,083,426$1,887,546$2,828,586
74$3,105,039$2,121,409$1,886,674$3,007,478
75$3,355,629$2,159,233$1,883,753$3,201,917
76$3,629,696$2,196,829$1,878,652$3,413,435
77$3,929,569$2,234,117$1,871,231$3,643,720
78$4,257,813$2,271,017$1,861,345$3,894,630
79$4,617,252$2,307,439$1,848,842$4,168,215
80$5,010,996$2,343,287$1,833,562$4,466,731
81$5,442,469$2,378,460$1,815,338$4,792,667
82$5,915,444$2,412,847$1,793,995$5,148,764
83$6,434,074$2,446,332$1,769,348$5,538,042
84$7,002,934$2,478,787$1,741,207$5,963,830
85$7,627,065$2,510,079$1,709,369$6,429,796
86$8,312,018$2,540,065$1,673,624$6,939,984
87$9,063,905$2,568,590$1,633,752$7,498,849
88$9,889,463$2,595,490$1,589,523$8,111,301
89$10,796,110$2,620,591$1,540,694$8,782,752
90$11,792,021$2,643,707$1,487,014$9,519,166
91$12,886,197$2,664,639$1,428,219$10,327,117
92$14,088,558$2,683,175$1,364,034$11,213,849
93$15,410,031$2,699,091$1,294,169$12,187,347
94$16,862,654$2,712,146$1,218,323$13,256,411
95$18,459,689$2,722,086$1,136,182$14,430,741
96$20,215,750$2,728,641$1,047,416$15,721,026
97$22,146,933$2,731,521$951,681$17,139,048
98$24,270,976$2,730,421$848,619$18,697,793
99$26,607,421$2,725,017$737,852$20,411,574
100$29,177,798$2,714,963$618,991$22,296,164