Can I retire at age 68 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$153,597$152,229$150,894$149,591$148,319$146,042
2 years$76,038$74,622$73,250$71,919$70,628$68,340
3 years$50,189$48,766$47,397$46,079$44,809$42,581
4 years$37,266$35,848$34,493$33,197$31,958$29,807
5 years$29,515$28,106$26,768$25,499$24,294$22,226
6 years$24,349$22,950$21,633$20,392$19,223$17,240
7 years$20,661$19,274$17,977$16,765$15,634$13,737
8 years$17,896$16,521$15,246$14,064$12,970$11,158
9 years$15,746$14,385$13,131$11,979$10,922$9,196
10 years$14,027$12,679$11,448$10,326$9,306$7,663
11 years$12,622$11,288$10,079$8,987$8,004$6,443
12 years$11,452$10,131$8,945$7,883$6,936$5,455
13 years$10,463$9,156$7,991$6,959$6,048$4,645
14 years$9,615$8,322$7,180$6,178$5,302$3,974
15 years$8,882$7,602$6,483$5,509$4,668$3,414
16 years$8,241$6,975$5,878$4,933$4,126$2,942
17 years$7,675$6,424$5,348$4,432$3,658$2,542
18 years$7,173$5,936$4,882$3,994$3,253$2,202
19 years$6,725$5,501$4,470$3,609$2,899$1,912
20 years$6,322$5,112$4,102$3,269$2,590$1,662
21 years$5,957$4,762$3,773$2,967$2,317$1,447
22 years$5,626$4,445$3,477$2,697$2,077$1,262
23 years$5,325$4,157$3,211$2,457$1,865$1,101
24 years$5,049$3,895$2,969$2,241$1,676$962
25 years$4,795$3,655$2,750$2,046$1,508$842
26 years$4,562$3,435$2,551$1,871$1,358$736
27 years$4,346$3,233$2,369$1,713$1,225$645
28 years$4,146$3,047$2,202$1,569$1,105$565
29 years$3,959$2,874$2,049$1,439$998$495
30 years$3,786$2,714$1,909$1,321$902$434
31 years$3,624$2,566$1,779$1,213$815$381
32 years$3,473$2,428$1,660$1,115$737$334
33 years$3,331$2,299$1,550$1,025$667$293
34 years$3,198$2,179$1,448$943$604$258
35 years$3,072$2,067$1,354$868$547$226
36 years$2,954$1,962$1,267$800$496$199
37 years$2,843$1,863$1,186$737$449$175
38 years$2,737$1,771$1,110$679$407$153
39 years$2,637$1,684$1,040$626$369$135
40 years$2,543$1,602$975$577$335$118
41 years$2,453$1,525$914$533$304$104
42 years$2,368$1,452$858$492$276$91
43 years$2,287$1,384$805$454$250$80
44 years$2,210$1,319$755$419$227$71
45 years$2,136$1,258$709$387$206$62
46 years$2,066$1,200$666$358$187$55
47 years$2,000$1,145$626$330$170$48
48 years$1,936$1,093$588$305$154$42
49 years$1,874$1,044$553$282$140$37
50 years$1,816$997$520$261$127$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,860,000, adding $4,512 every year, while hoping to spend $40,074 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: 49/44/7 Blend
67$1,860,000$1,860,000$1,860,000$1,860,000
68$2,054,374$1,955,794$1,926,964$2,151,100
69$2,221,282$2,008,990$1,948,879$2,270,859
70$2,403,871$2,063,449$1,970,185$2,396,230
71$2,603,699$2,119,191$1,990,819$2,531,457
72$2,822,480$2,176,235$2,010,716$2,677,469
73$3,062,103$2,234,600$2,029,804$2,835,289
74$3,324,647$2,294,305$2,048,012$3,006,045
75$3,612,402$2,355,367$2,065,262$3,190,974
76$3,927,890$2,417,803$2,081,471$3,391,442
77$4,273,890$2,481,630$2,096,555$3,608,949
78$4,653,459$2,546,863$2,110,423$3,845,148
79$5,069,970$2,613,517$2,122,979$4,101,860
80$5,527,133$2,681,605$2,134,125$4,381,087
81$6,029,037$2,751,141$2,143,755$4,685,037
82$6,580,187$2,822,135$2,151,759$5,016,138
83$7,185,544$2,894,598$2,158,021$5,377,066
84$7,850,574$2,968,538$2,162,420$5,770,768
85$8,581,299$3,043,962$2,164,827$6,200,490
86$9,384,351$3,120,876$2,165,108$6,669,806
87$10,267,040$3,199,283$2,163,124$7,182,654
88$11,237,415$3,279,185$2,158,726$7,743,372
89$12,304,347$3,360,581$2,151,759$8,356,738
90$13,477,609$3,443,468$2,142,061$9,028,016
91$14,767,968$3,527,841$2,129,463$9,763,006
92$16,187,285$3,613,690$2,113,785$10,568,096
93$17,748,633$3,701,005$2,094,841$11,450,325
94$19,466,410$3,789,771$2,072,435$12,417,450
95$21,356,484$3,879,970$2,046,362$13,478,013
96$23,436,338$3,971,581$2,016,407$14,641,432
97$25,725,234$4,064,578$1,982,346$15,918,079
98$28,244,396$4,158,931$1,943,943$17,319,384
99$31,017,211$4,254,605$1,900,952$18,857,942
100$34,069,448$4,351,562$1,853,116$20,547,631