Can I retire at age 68 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$155,249$153,866$152,517$151,200$149,914$148,472
2 years$76,856$75,424$74,037$72,692$71,388$69,935
3 years$50,728$49,291$47,907$46,575$45,291$43,873
4 years$37,667$36,234$34,864$33,554$32,302$30,929
5 years$29,832$28,408$27,056$25,773$24,556$23,232
6 years$24,611$23,197$21,865$20,611$19,430$18,157
7 years$20,883$19,481$18,170$16,945$15,802$14,581
8 years$18,088$16,699$15,410$14,215$13,109$11,940
9 years$15,915$14,539$13,272$12,108$11,040$9,922
10 years$14,178$12,816$11,571$10,437$9,406$8,339
11 years$12,758$11,409$10,187$9,084$8,090$7,072
12 years$11,575$10,240$9,041$7,967$7,010$6,041
13 years$10,575$9,254$8,077$7,034$6,113$5,191
14 years$9,719$8,412$7,257$6,244$5,359$4,483
15 years$8,977$7,684$6,553$5,569$4,718$3,887
16 years$8,329$7,050$5,941$4,986$4,170$3,383
17 years$7,758$6,493$5,406$4,480$3,697$2,952
18 years$7,250$6,000$4,935$4,037$3,288$2,583
19 years$6,797$5,560$4,518$3,648$2,930$2,265
20 years$6,390$5,167$4,146$3,304$2,617$1,990
21 years$6,021$4,813$3,814$2,999$2,342$1,751
22 years$5,687$4,493$3,515$2,726$2,100$1,543
23 years$5,382$4,202$3,245$2,483$1,885$1,362
24 years$5,103$3,937$3,001$2,265$1,694$1,203
25 years$4,847$3,695$2,780$2,068$1,524$1,063
26 years$4,611$3,472$2,578$1,891$1,373$941
27 years$4,392$3,268$2,394$1,731$1,238$833
28 years$4,190$3,079$2,226$1,586$1,117$738
29 years$4,002$2,905$2,071$1,454$1,009$654
30 years$3,827$2,743$1,929$1,335$911$580
31 years$3,663$2,593$1,799$1,226$824$515
32 years$3,510$2,454$1,678$1,127$745$457
33 years$3,367$2,324$1,567$1,036$675$406
34 years$3,232$2,203$1,464$953$611$361
35 years$3,105$2,089$1,369$877$553$320
36 years$2,986$1,983$1,280$808$501$285
37 years$2,873$1,883$1,198$745$454$253
38 years$2,767$1,790$1,122$686$412$225
39 years$2,666$1,702$1,051$633$373$200
40 years$2,570$1,619$985$584$339$178
41 years$2,480$1,541$924$538$307$158
42 years$2,394$1,468$867$497$279$141
43 years$2,312$1,399$813$459$253$125
44 years$2,234$1,333$764$424$230$112
45 years$2,159$1,271$717$391$209$99
46 years$2,089$1,213$673$361$189$88
47 years$2,021$1,157$633$334$172$79
48 years$1,956$1,105$594$308$156$70
49 years$1,895$1,055$559$285$142$62
50 years$1,836$1,008$525$264$129$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,880,000, adding $4,874 every year, while hoping to spend $39,159 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: 58/27/15 Blend
67$1,880,000$1,880,000$1,880,000$1,880,000
68$2,076,788$1,977,148$1,948,008$2,188,988
69$2,246,955$2,032,363$1,971,601$2,320,663
70$2,433,167$2,088,971$1,994,672$2,459,394
71$2,637,019$2,147,000$2,017,163$2,609,714
72$2,860,267$2,206,475$2,039,010$2,772,746
73$3,104,847$2,267,425$2,060,149$2,949,723
74$3,372,887$2,329,875$2,080,510$3,142,003
75$3,666,736$2,393,852$2,100,021$3,351,082
76$3,988,975$2,459,384$2,118,604$3,578,609
77$4,342,453$2,526,496$2,136,180$3,826,397
78$4,730,303$2,595,214$2,152,662$4,096,444
79$5,155,979$2,665,565$2,167,961$4,390,950
80$5,623,285$2,737,573$2,181,983$4,712,340
81$6,136,409$2,811,263$2,194,629$5,063,283
82$6,699,968$2,886,660$2,205,794$5,446,721
83$7,319,046$2,963,788$2,215,370$5,865,892
84$7,999,243$3,042,668$2,223,239$6,324,365
85$8,746,731$3,123,324$2,229,283$6,826,072
86$9,568,307$3,205,776$2,233,373$7,375,345
87$10,471,460$3,290,045$2,235,377$7,976,954
88$11,464,441$3,376,149$2,235,154$8,636,158
89$12,556,341$3,464,107$2,232,558$9,358,750
90$13,757,173$3,553,934$2,227,435$10,151,110
91$15,077,973$3,645,645$2,219,622$11,020,272
92$16,530,898$3,739,254$2,208,952$11,973,983
93$18,129,344$3,834,771$2,195,245$13,020,781
94$19,888,067$3,932,205$2,178,316$14,170,073
95$21,823,331$4,031,564$2,157,971$15,432,224
96$23,953,053$4,132,852$2,134,005$16,818,657
97$26,296,973$4,236,072$2,106,203$18,341,957
98$28,876,846$4,341,221$2,074,342$20,015,993
99$31,716,640$4,448,296$2,038,188$21,856,047
100$34,842,765$4,557,290$1,997,495$23,878,961