Can I retire at age 68 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$156,900$155,503$154,139$152,808$151,509$146,424
2 years$77,673$76,227$74,825$73,465$72,147$67,075
3 years$51,268$49,815$48,417$47,070$45,773$40,872
4 years$38,068$36,619$35,235$33,911$32,646$27,954
5 years$30,150$28,710$27,344$26,047$24,817$20,346
6 years$24,873$23,444$22,098$20,830$19,637$15,391
7 years$21,105$19,688$18,363$17,126$15,970$11,948
8 years$18,280$16,876$15,574$14,366$13,249$9,448
9 years$16,085$14,694$13,414$12,237$11,157$7,574
10 years$14,329$12,952$11,694$10,548$9,506$6,134
11 years$12,894$11,530$10,295$9,180$8,176$5,008
12 years$11,698$10,349$9,137$8,052$7,085$4,114
13 years$10,688$9,353$8,163$7,109$6,178$3,397
14 years$9,822$8,501$7,335$6,310$5,416$2,816
15 years$9,073$7,766$6,622$5,628$4,769$2,343
16 years$8,418$7,125$6,004$5,039$4,214$1,954
17 years$7,840$6,562$5,463$4,528$3,737$1,633
18 years$7,328$6,064$4,987$4,080$3,323$1,368
19 years$6,869$5,620$4,566$3,687$2,962$1,147
20 years$6,457$5,222$4,190$3,339$2,645$963
21 years$6,085$4,864$3,854$3,031$2,367$810
22 years$5,747$4,540$3,552$2,755$2,122$681
23 years$5,439$4,247$3,280$2,509$1,905$574
24 years$5,157$3,979$3,033$2,289$1,712$483
25 years$4,898$3,734$2,809$2,090$1,541$407
26 years$4,660$3,509$2,606$1,911$1,388$344
27 years$4,439$3,303$2,420$1,749$1,251$290
28 years$4,235$3,112$2,249$1,603$1,129$245
29 years$4,045$2,936$2,093$1,470$1,019$206
30 years$3,868$2,773$1,950$1,349$921$174
31 years$3,702$2,621$1,818$1,239$833$147
32 years$3,548$2,480$1,696$1,139$753$124
33 years$3,403$2,349$1,583$1,047$682$105
34 years$3,266$2,226$1,479$963$617$89
35 years$3,138$2,111$1,383$887$559$75
36 years$3,018$2,004$1,294$817$507$63
37 years$2,904$1,903$1,211$752$459$54
38 years$2,796$1,809$1,134$694$416$45
39 years$2,694$1,720$1,063$640$377$38
40 years$2,598$1,636$996$590$342$32
41 years$2,506$1,558$934$544$311$27
42 years$2,419$1,484$876$502$282$23
43 years$2,336$1,414$822$464$256$20
44 years$2,257$1,347$772$428$232$16
45 years$2,182$1,285$725$395$211$14
46 years$2,111$1,226$681$365$191$12
47 years$2,043$1,170$639$337$174$10
48 years$1,977$1,117$601$312$158$8
49 years$1,915$1,066$565$288$143$7
50 years$1,855$1,019$531$266$130$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,900,000, adding $4,211 every year, while hoping to spend $24,900 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: 51/35/14 Blend
67$1,900,000$1,900,000$1,900,000$1,900,000
68$2,098,144$1,997,444$1,967,994$2,196,988
69$2,285,661$2,068,825$2,007,428$2,336,568
70$2,491,470$2,142,869$2,047,349$2,485,260
71$2,717,412$2,219,681$2,087,746$2,646,354
72$2,965,511$2,299,369$2,128,609$2,821,026
73$3,238,000$2,382,045$2,169,925$3,010,571
74$3,537,339$2,467,828$2,211,680$3,216,411
75$3,866,235$2,556,840$2,253,859$3,440,113
76$4,227,674$2,649,208$2,296,446$3,683,398
77$4,624,943$2,745,065$2,339,423$3,948,160
78$5,061,664$2,844,550$2,382,770$4,236,482
79$5,541,827$2,947,806$2,426,466$4,550,658
80$6,069,828$3,054,983$2,470,488$4,893,209
81$6,650,512$3,166,239$2,514,811$5,266,912
82$7,289,214$3,281,735$2,559,407$5,674,822
83$7,991,816$3,401,641$2,604,249$6,120,303
84$8,764,794$3,526,135$2,649,305$6,607,054
85$9,615,288$3,655,400$2,694,541$7,139,151
86$10,551,161$3,789,628$2,739,921$7,721,080
87$11,581,079$3,929,020$2,785,408$8,357,778
88$12,714,590$4,073,783$2,830,961$9,054,682
89$13,962,215$4,224,135$2,876,535$9,817,780
90$15,335,546$4,380,303$2,922,084$10,653,661
91$16,847,356$4,542,522$2,967,558$11,569,585
92$18,511,719$4,711,039$3,012,904$12,573,545
93$20,344,145$4,886,110$3,058,067$13,674,342
94$22,361,721$5,068,003$3,102,986$14,881,672
95$24,583,278$5,256,996$3,147,597$16,206,208
96$27,029,564$5,453,381$3,191,834$17,659,712
97$29,723,444$5,657,461$3,235,624$19,255,132
98$32,690,111$5,869,552$3,278,893$21,006,735
99$35,957,326$6,089,984$3,321,560$22,930,232
100$39,555,681$6,319,101$3,363,540$25,042,930