Can I retire at age 68 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$152,771$151,410$150,083$148,787$147,522$143,374
2 years$75,629$74,221$72,856$71,532$70,248$66,101
3 years$49,919$48,504$47,142$45,831$44,568$40,552
4 years$37,066$35,656$34,308$33,019$31,787$27,931
5 years$29,356$27,954$26,624$25,362$24,164$20,480
6 years$24,218$22,827$21,516$20,282$19,120$15,612
7 years$20,550$19,170$17,880$16,675$15,550$12,217
8 years$17,799$16,432$15,164$13,988$12,900$9,741
9 years$15,661$14,307$13,061$11,915$10,864$7,875
10 years$13,952$12,611$11,386$10,271$9,256$6,434
11 years$12,554$11,227$10,024$8,939$7,961$5,300
12 years$11,391$10,077$8,896$7,840$6,899$4,395
13 years$10,407$9,106$7,948$6,922$6,016$3,664
14 years$9,564$8,277$7,142$6,144$5,273$3,067
15 years$8,834$7,562$6,448$5,480$4,643$2,576
16 years$8,196$6,938$5,846$4,907$4,104$2,171
17 years$7,634$6,389$5,320$4,408$3,638$1,833
18 years$7,135$5,904$4,856$3,973$3,235$1,551
19 years$6,689$5,472$4,446$3,590$2,884$1,315
20 years$6,288$5,085$4,080$3,251$2,576$1,116
21 years$5,925$4,736$3,753$2,951$2,305$948
22 years$5,596$4,421$3,459$2,683$2,066$807
23 years$5,296$4,135$3,194$2,443$1,855$687
24 years$5,022$3,874$2,953$2,229$1,667$585
25 years$4,770$3,636$2,736$2,035$1,500$499
26 years$4,537$3,417$2,537$1,861$1,351$425
27 years$4,322$3,216$2,356$1,703$1,218$363
28 years$4,123$3,030$2,190$1,561$1,099$310
29 years$3,938$2,859$2,038$1,431$993$265
30 years$3,766$2,700$1,898$1,313$897$226
31 years$3,605$2,552$1,770$1,206$811$193
32 years$3,454$2,415$1,651$1,109$733$165
33 years$3,313$2,287$1,542$1,019$664$141
34 years$3,180$2,167$1,441$938$601$120
35 years$3,056$2,056$1,347$863$544$103
36 years$2,938$1,951$1,260$795$493$88
37 years$2,827$1,853$1,179$733$447$75
38 years$2,722$1,761$1,104$675$405$64
39 years$2,623$1,675$1,035$623$367$55
40 years$2,529$1,593$970$574$333$47
41 years$2,440$1,517$909$530$302$40
42 years$2,355$1,444$853$489$274$34
43 years$2,275$1,376$800$451$249$29
44 years$2,198$1,312$751$417$226$25
45 years$2,125$1,251$705$385$205$22
46 years$2,055$1,193$663$356$186$18
47 years$1,989$1,139$622$329$169$16
48 years$1,925$1,087$585$304$154$13
49 years$1,864$1,038$550$281$140$12
50 years$1,806$992$517$259$127$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,850,000, adding $5,563 every year, while hoping to spend $48,718 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: 35/43/22 Blend
67$1,850,000$1,850,000$1,850,000$1,850,000
68$2,044,438$1,946,388$1,917,713$2,102,160
69$2,201,135$1,989,926$1,930,121$2,188,750
70$2,372,183$2,033,964$1,941,312$2,277,236
71$2,558,993$2,078,475$1,951,193$2,371,722
72$2,763,120$2,123,431$1,959,668$2,472,770
73$2,986,276$2,168,797$1,966,635$2,581,004
74$3,230,346$2,214,537$1,971,987$2,697,109
75$3,497,404$2,260,612$1,975,611$2,821,843
76$3,789,735$2,306,978$1,977,390$2,956,040
77$4,109,856$2,353,588$1,977,200$3,100,621
78$4,460,536$2,400,388$1,974,911$3,256,602
79$4,844,827$2,447,323$1,970,387$3,425,104
80$5,266,088$2,494,332$1,963,484$3,607,362
81$5,728,022$2,541,347$1,954,054$3,804,741
82$6,234,705$2,588,297$1,941,938$4,018,743
83$6,790,625$2,635,104$1,926,974$4,251,029
84$7,400,728$2,681,683$1,908,987$4,503,428
85$8,070,462$2,727,945$1,887,798$4,777,961
86$8,805,827$2,773,792$1,863,216$5,076,854
87$9,613,432$2,819,120$1,835,045$5,402,566
88$10,500,560$2,863,814$1,803,077$5,757,806
89$11,475,232$2,907,755$1,767,095$6,145,565
90$12,546,283$2,950,814$1,726,870$6,569,140
91$13,723,451$2,992,850$1,682,167$7,032,172
92$15,017,458$3,033,715$1,632,736$7,538,672
93$16,440,123$3,073,251$1,578,316$8,093,067
94$18,004,462$3,111,287$1,518,636$8,700,241
95$19,724,818$3,147,641$1,453,411$9,365,578
96$21,616,994$3,182,120$1,382,345$10,095,018
97$23,698,399$3,214,515$1,305,125$10,895,113
98$25,988,216$3,244,607$1,221,427$11,773,089
99$28,507,581$3,272,160$1,130,912$12,736,913
100$31,279,781$3,296,922$1,033,224$13,795,374