Can I retire at age 68 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$159,378$157,958$156,573$155,221$153,901$152,548
2 years$78,900$77,430$76,006$74,625$73,286$71,923
3 years$52,077$50,602$49,181$47,813$46,496$45,164
4 years$38,669$37,198$35,791$34,447$33,161$31,872
5 years$30,626$29,163$27,775$26,458$25,209$23,965
6 years$25,265$23,814$22,447$21,159$19,947$18,750
7 years$21,438$19,999$18,653$17,396$16,222$15,074
8 years$18,569$17,143$15,819$14,593$13,458$12,357
9 years$16,339$14,926$13,625$12,430$11,333$10,281
10 years$14,555$13,156$11,879$10,715$9,657$8,651
11 years$13,097$11,712$10,458$9,325$8,305$7,346
12 years$11,883$10,512$9,281$8,179$7,197$6,283
13 years$10,857$9,500$8,292$7,221$6,276$5,406
14 years$9,977$8,635$7,451$6,410$5,501$4,675
15 years$9,216$7,889$6,727$5,717$4,844$4,059
16 years$8,551$7,238$6,099$5,119$4,281$3,537
17 years$7,964$6,666$5,550$4,599$3,796$3,091
18 years$7,443$6,159$5,066$4,145$3,375$2,709
19 years$6,978$5,708$4,638$3,745$3,008$2,379
20 years$6,559$5,305$4,256$3,392$2,687$2,093
21 years$6,181$4,941$3,915$3,078$2,405$1,844
22 years$5,838$4,612$3,608$2,799$2,155$1,628
23 years$5,525$4,314$3,332$2,549$1,935$1,438
24 years$5,239$4,042$3,081$2,325$1,739$1,272
25 years$4,976$3,793$2,854$2,123$1,565$1,127
26 years$4,733$3,565$2,647$1,941$1,410$998
27 years$4,509$3,355$2,458$1,777$1,271$886
28 years$4,302$3,161$2,285$1,628$1,147$786
29 years$4,108$2,982$2,126$1,493$1,035$698
30 years$3,929$2,816$1,980$1,370$936$620
31 years$3,761$2,662$1,846$1,258$846$551
32 years$3,604$2,519$1,723$1,157$765$490
33 years$3,456$2,386$1,608$1,064$692$436
34 years$3,318$2,261$1,503$979$627$388
35 years$3,188$2,145$1,405$901$568$345
36 years$3,065$2,036$1,314$830$515$307
37 years$2,950$1,933$1,230$764$466$274
38 years$2,840$1,837$1,152$705$423$244
39 years$2,737$1,747$1,079$650$383$217
40 years$2,639$1,662$1,012$599$348$193
41 years$2,546$1,582$949$553$315$172
42 years$2,457$1,507$890$510$286$154
43 years$2,373$1,436$835$471$260$137
44 years$2,293$1,369$784$435$236$122
45 years$2,217$1,305$736$402$214$109
46 years$2,144$1,245$691$371$194$97
47 years$2,075$1,188$649$343$176$86
48 years$2,008$1,134$610$317$160$77
49 years$1,945$1,083$574$293$146$69
50 years$1,884$1,035$539$271$132$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,930,000, adding $5,033 every year, while hoping to spend $42,585 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: 47/27/26 Blend
67$1,930,000$1,930,000$1,930,000$1,930,000
68$2,132,052$2,029,762$1,999,847$2,216,180
69$2,304,211$2,083,910$2,021,531$2,330,041
70$2,492,503$2,139,284$2,042,515$2,448,987
71$2,698,528$2,195,899$2,062,730$2,577,265
72$2,924,050$2,253,770$2,082,103$2,715,775
73$3,171,009$2,312,910$2,100,559$2,865,503
74$3,441,541$2,373,332$2,118,017$3,027,541
75$3,738,001$2,435,049$2,134,394$3,203,086
76$4,062,981$2,498,070$2,149,600$3,393,462
77$4,419,335$2,562,405$2,163,542$3,600,124
78$4,810,209$2,628,064$2,176,121$3,824,678
79$5,239,065$2,695,054$2,187,236$4,068,891
80$5,709,717$2,763,380$2,196,776$4,334,712
81$6,226,369$2,833,046$2,204,629$4,624,289
82$6,793,648$2,904,055$2,210,674$4,939,986
83$7,416,654$2,976,407$2,214,785$5,284,413
84$8,101,004$3,050,102$2,216,831$5,660,441
85$8,852,884$3,125,135$2,216,672$6,071,237
86$9,679,111$3,201,500$2,214,164$6,520,292
87$10,587,196$3,279,188$2,209,154$7,011,452
88$11,585,411$3,358,190$2,201,482$7,548,956
89$12,682,871$3,438,489$2,190,980$8,137,475
90$13,889,618$3,520,069$2,177,472$8,782,159
91$15,216,715$3,602,909$2,160,773$9,488,683
92$16,676,353$3,686,985$2,140,692$10,263,302
93$18,281,961$3,772,267$2,117,026$11,112,909
94$20,048,337$3,858,724$2,089,562$12,045,103
95$21,991,784$3,946,318$2,058,078$13,068,258
96$24,130,266$4,035,007$2,022,344$14,191,604
97$26,483,575$4,124,745$1,982,115$15,425,314
98$29,073,521$4,215,479$1,937,137$16,780,601
99$31,924,133$4,307,150$1,887,144$18,269,822
100$35,061,888$4,399,694$1,831,857$19,906,599