Can I retire at age 68 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$154,423$153,047$151,705$150,395$149,116$146,465
2 years$76,447$75,023$73,643$72,306$71,008$68,346
3 years$50,458$49,028$47,652$46,327$45,050$42,461
4 years$37,467$36,041$34,679$33,376$32,130$29,633
5 years$29,674$28,257$26,912$25,636$24,425$22,026
6 years$24,480$23,074$21,749$20,501$19,327$17,030
7 years$20,772$19,377$18,073$16,855$15,718$13,524
8 years$17,992$16,610$15,328$14,139$13,039$10,947
9 years$15,831$14,462$13,202$12,044$10,981$8,990
10 years$14,103$12,747$11,510$10,382$9,356$7,464
11 years$12,690$11,348$10,133$9,035$8,047$6,252
12 years$11,514$10,186$8,993$7,925$6,973$5,273
13 years$10,519$9,205$8,034$6,997$6,081$4,472
14 years$9,667$8,367$7,219$6,211$5,330$3,811
15 years$8,930$7,643$6,518$5,539$4,693$3,260
16 years$8,285$7,013$5,909$4,960$4,148$2,798
17 years$7,716$6,458$5,377$4,456$3,678$2,407
18 years$7,212$5,968$4,909$4,016$3,270$2,076
19 years$6,761$5,531$4,494$3,629$2,915$1,794
20 years$6,356$5,140$4,124$3,286$2,604$1,553
21 years$5,989$4,787$3,793$2,983$2,330$1,346
22 years$5,657$4,469$3,496$2,712$2,088$1,169
23 years$5,354$4,180$3,228$2,470$1,875$1,015
24 years$5,076$3,916$2,985$2,253$1,685$883
25 years$4,821$3,675$2,765$2,057$1,516$768
26 years$4,586$3,454$2,564$1,881$1,366$669
27 years$4,369$3,251$2,381$1,722$1,231$583
28 years$4,168$3,063$2,214$1,577$1,111$508
29 years$3,981$2,890$2,060$1,447$1,003$443
30 years$3,807$2,729$1,919$1,328$907$387
31 years$3,644$2,580$1,789$1,219$820$338
32 years$3,492$2,441$1,669$1,121$741$295
33 years$3,349$2,312$1,558$1,030$671$258
34 years$3,215$2,191$1,456$948$607$225
35 years$3,089$2,078$1,361$873$550$197
36 years$2,970$1,972$1,274$804$499$172
37 years$2,858$1,873$1,192$741$452$150
38 years$2,752$1,780$1,116$683$410$131
39 years$2,652$1,693$1,046$629$371$115
40 years$2,557$1,611$980$581$337$100
41 years$2,466$1,533$919$536$306$88
42 years$2,381$1,460$862$494$277$77
43 years$2,299$1,391$809$456$252$67
44 years$2,222$1,326$759$421$228$59
45 years$2,148$1,265$713$389$207$51
46 years$2,078$1,206$670$359$188$45
47 years$2,010$1,151$629$332$171$39
48 years$1,946$1,099$591$307$155$34
49 years$1,885$1,049$556$284$141$30
50 years$1,826$1,002$523$262$128$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,870,000, adding $5,315 every year, while hoping to spend $25,738 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: 66/29/5 Blend
67$1,870,000$1,870,000$1,870,000$1,870,000
68$2,066,222$1,967,112$1,938,127$2,200,917
69$2,249,592$2,036,116$1,975,670$2,359,951
70$2,450,803$2,107,638$2,013,607$2,530,086
71$2,671,647$2,181,775$2,051,925$2,715,318
72$2,914,100$2,258,626$2,090,610$2,917,113
73$3,180,336$2,338,297$2,129,643$3,137,084
74$3,472,752$2,420,895$2,169,007$3,377,007
75$3,793,987$2,506,533$2,208,683$3,638,833
76$4,146,948$2,595,328$2,248,649$3,924,713
77$4,534,840$2,687,402$2,288,882$4,237,013
78$4,961,192$2,782,883$2,329,357$4,578,336
79$5,429,890$2,881,901$2,370,048$4,951,550
80$5,945,220$2,984,596$2,410,926$5,359,811
81$6,511,900$3,091,108$2,451,959$5,806,592
82$7,135,130$3,201,589$2,493,116$6,295,720
83$7,820,639$3,316,192$2,534,361$6,831,406
84$8,574,737$3,435,079$2,575,655$7,418,288
85$9,404,380$3,558,417$2,616,959$8,061,474
86$10,317,230$3,686,383$2,658,231$8,766,587
87$11,321,729$3,819,157$2,699,423$9,539,820
88$12,427,179$3,956,929$2,740,487$10,387,996
89$13,643,830$4,099,898$2,781,372$11,318,625
90$14,982,976$4,248,268$2,822,023$12,339,982
91$16,457,060$4,402,253$2,862,381$13,461,180
92$18,079,794$4,562,077$2,902,385$14,692,256
93$19,866,286$4,727,972$2,941,968$16,044,266
94$21,833,184$4,900,180$2,981,061$17,529,390
95$23,998,834$5,078,954$3,019,591$19,161,041
96$26,383,447$5,264,554$3,057,480$20,953,998
97$29,009,298$5,457,257$3,094,645$22,924,540
98$31,900,930$5,657,346$3,130,999$25,090,601
99$35,085,388$5,865,119$3,166,450$27,471,936
100$38,592,473$6,080,886$3,200,902$30,090,310