Can I retire at age 68 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$157,726$156,321$154,950$153,612$152,306$147,078
2 years$78,082$76,628$75,219$73,852$72,527$67,312
3 years$51,538$50,077$48,671$47,318$46,014$40,978
4 years$38,268$36,812$35,420$34,090$32,818$27,998
5 years$30,308$28,861$27,488$26,184$24,947$20,357
6 years$25,004$23,567$22,214$20,940$19,740$15,382
7 years$21,216$19,792$18,460$17,216$16,054$11,928
8 years$18,377$16,965$15,656$14,442$13,318$9,421
9 years$16,169$14,771$13,484$12,301$11,216$7,542
10 years$14,405$13,020$11,756$10,604$9,557$6,101
11 years$12,962$11,591$10,350$9,228$8,219$4,974
12 years$11,760$10,404$9,185$8,095$7,122$4,081
13 years$10,744$9,402$8,206$7,146$6,211$3,365
14 years$9,874$8,546$7,373$6,344$5,444$2,786
15 years$9,121$7,807$6,657$5,657$4,794$2,314
16 years$8,462$7,163$6,036$5,066$4,237$1,927
17 years$7,882$6,597$5,492$4,551$3,756$1,609
18 years$7,366$6,095$5,014$4,102$3,340$1,345
19 years$6,906$5,649$4,590$3,706$2,977$1,126
20 years$6,491$5,250$4,212$3,357$2,659$944
21 years$6,117$4,890$3,874$3,046$2,380$793
22 years$5,778$4,564$3,571$2,770$2,133$666
23 years$5,468$4,269$3,297$2,523$1,915$560
24 years$5,185$4,000$3,049$2,301$1,721$471
25 years$4,924$3,754$2,824$2,101$1,549$396
26 years$4,684$3,528$2,619$1,921$1,395$334
27 years$4,463$3,320$2,432$1,759$1,258$281
28 years$4,257$3,128$2,261$1,611$1,135$237
29 years$4,066$2,951$2,104$1,478$1,025$200
30 years$3,888$2,787$1,960$1,356$926$168
31 years$3,722$2,635$1,827$1,245$837$142
32 years$3,566$2,493$1,705$1,145$757$120
33 years$3,421$2,361$1,592$1,052$685$101
34 years$3,284$2,238$1,487$968$620$85
35 years$3,155$2,122$1,391$891$562$72
36 years$3,034$2,014$1,301$821$509$61
37 years$2,919$1,913$1,218$756$461$51
38 years$2,811$1,818$1,140$697$418$43
39 years$2,708$1,729$1,068$643$379$36
40 years$2,611$1,645$1,001$593$344$31
41 years$2,519$1,566$939$547$312$26
42 years$2,432$1,491$881$505$283$22
43 years$2,349$1,421$826$466$257$18
44 years$2,269$1,354$776$430$233$16
45 years$2,194$1,292$728$397$212$13
46 years$2,122$1,232$684$367$192$11
47 years$2,053$1,176$643$339$175$9
48 years$1,988$1,122$604$313$159$8
49 years$1,925$1,072$568$290$144$7
50 years$1,865$1,024$534$268$131$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,910,000, adding $2,977 every year, while hoping to spend $47,792 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: 38/50/12 Blend
67$1,910,000$1,910,000$1,910,000$1,910,000
68$2,107,891$2,006,661$1,977,056$2,180,182
69$2,272,045$2,054,137$1,992,437$2,279,360
70$2,451,342$2,102,337$2,006,731$2,381,604
71$2,647,274$2,151,248$2,019,853$2,491,044
72$2,861,488$2,200,850$2,031,709$2,608,350
73$3,095,793$2,251,125$2,042,205$2,734,257
74$3,352,184$2,302,050$2,051,238$2,869,576
75$3,632,856$2,353,600$2,058,705$3,015,200
76$3,940,228$2,405,747$2,064,491$3,172,113
77$4,276,961$2,458,459$2,068,482$3,341,399
78$4,645,988$2,511,700$2,070,553$3,524,254
79$5,050,538$2,565,433$2,070,576$3,721,991
80$5,494,169$2,619,615$2,068,416$3,936,063
81$5,980,796$2,674,198$2,063,930$4,168,068
82$6,514,736$2,729,133$2,056,971$4,419,767
83$7,100,740$2,784,361$2,047,380$4,693,101
84$7,744,044$2,839,824$2,034,996$4,990,211
85$8,450,415$2,895,453$2,019,646$5,313,457
86$9,226,204$2,951,177$2,001,151$5,665,437
87$10,078,410$3,006,918$1,979,323$6,049,018
88$11,014,742$3,062,591$1,953,964$6,467,360
89$12,043,692$3,118,104$1,924,868$6,923,946
90$13,174,616$3,173,359$1,891,819$7,422,614
91$14,417,823$3,228,249$1,854,591$7,967,599
92$15,784,667$3,282,660$1,812,946$8,563,566
93$17,287,661$3,336,468$1,766,638$9,215,659
94$18,940,589$3,389,541$1,715,406$9,929,548
95$20,758,636$3,441,736$1,658,980$10,711,487
96$22,758,538$3,492,902$1,597,076$11,568,366
97$24,958,728$3,542,873$1,529,398$12,507,783
98$27,379,521$3,591,477$1,455,635$13,538,115
99$30,043,297$3,638,524$1,375,464$14,668,597
100$32,974,717$3,683,815$1,288,546$15,909,407