Can I retire at age 68 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$161,029$159,595$158,195$156,829$155,496$153,046
2 years$79,717$78,233$76,794$75,399$74,046$71,584
3 years$52,617$51,126$49,691$48,309$46,978$44,580
4 years$39,070$37,583$36,162$34,804$33,505$31,191
5 years$30,943$29,466$28,063$26,733$25,470$23,245
6 years$25,527$24,061$22,679$21,378$20,153$18,021
7 years$21,660$20,206$18,847$17,576$16,390$14,351
8 years$18,761$17,320$15,983$14,744$13,597$11,651
9 years$16,508$15,081$13,767$12,559$11,451$9,596
10 years$14,706$13,293$12,002$10,826$9,757$7,992
11 years$13,233$11,834$10,566$9,422$8,391$6,715
12 years$12,006$10,621$9,377$8,264$7,271$5,681
13 years$10,969$9,599$8,378$7,296$6,341$4,835
14 years$10,081$8,725$7,528$6,477$5,558$4,134
15 years$9,312$7,970$6,797$5,776$4,894$3,548
16 years$8,639$7,313$6,162$5,172$4,325$3,056
17 years$8,047$6,735$5,607$4,647$3,835$2,639
18 years$7,520$6,223$5,119$4,188$3,410$2,284
19 years$7,050$5,768$4,686$3,784$3,039$1,981
20 years$6,627$5,359$4,300$3,427$2,715$1,721
21 years$6,245$4,992$3,956$3,110$2,430$1,498
22 years$5,899$4,660$3,646$2,828$2,178$1,305
23 years$5,583$4,358$3,366$2,575$1,955$1,138
24 years$5,293$4,084$3,113$2,349$1,757$994
25 years$5,027$3,832$2,883$2,145$1,581$868
26 years$4,782$3,602$2,674$1,961$1,424$759
27 years$4,556$3,390$2,483$1,795$1,284$664
28 years$4,346$3,194$2,308$1,645$1,159$581
29 years$4,151$3,013$2,148$1,508$1,046$509
30 years$3,969$2,846$2,001$1,384$945$446
31 years$3,800$2,690$1,865$1,271$855$391
32 years$3,641$2,545$1,741$1,169$773$343
33 years$3,492$2,410$1,625$1,075$700$301
34 years$3,352$2,285$1,518$989$633$264
35 years$3,221$2,167$1,420$910$574$231
36 years$3,097$2,057$1,328$838$520$203
37 years$2,980$1,953$1,243$772$471$178
38 years$2,870$1,856$1,164$712$427$156
39 years$2,765$1,765$1,091$656$387$137
40 years$2,666$1,679$1,022$605$351$121
41 years$2,572$1,599$958$559$319$106
42 years$2,483$1,523$899$515$289$93
43 years$2,398$1,451$844$476$262$82
44 years$2,317$1,383$792$439$238$72
45 years$2,240$1,319$744$406$216$63
46 years$2,166$1,258$698$375$196$55
47 years$2,096$1,200$656$346$178$49
48 years$2,029$1,146$617$320$162$43
49 years$1,965$1,094$580$296$147$38
50 years$1,904$1,045$545$273$134$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,950,000, adding $2,171 every year, while hoping to spend $57,873 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: 60/28/12 Blend
67$1,950,000$1,950,000$1,950,000$1,950,000
68$2,151,139$2,047,789$2,017,564$2,273,852
69$2,308,979$2,086,555$2,023,576$2,395,385
70$2,480,979$2,125,280$2,027,850$2,521,168
71$2,668,522$2,163,902$2,030,266$2,656,973
72$2,873,131$2,202,352$2,030,700$2,803,771
73$3,096,481$2,240,558$2,029,019$2,962,631
74$3,340,416$2,278,440$2,025,085$3,134,734
75$3,606,968$2,315,913$2,018,756$3,321,379
76$3,898,373$2,352,887$2,009,877$3,523,998
77$4,217,090$2,389,261$1,998,292$3,744,172
78$4,565,831$2,424,933$1,983,832$3,983,639
79$4,947,579$2,459,788$1,966,324$4,244,320
80$5,365,620$2,493,706$1,945,584$4,528,328
81$5,823,574$2,526,558$1,921,421$4,837,995
82$6,325,424$2,558,205$1,893,635$5,175,890
83$6,875,561$2,588,500$1,862,014$5,544,846
84$7,478,817$2,617,285$1,826,341$5,947,985
85$8,140,516$2,644,392$1,786,383$6,388,751
86$8,866,523$2,669,642$1,741,901$6,870,938
87$9,663,296$2,692,842$1,692,643$7,398,730
88$10,537,951$2,713,790$1,638,345$7,976,737
89$11,498,323$2,732,267$1,578,731$8,610,046
90$12,553,047$2,748,043$1,513,514$9,304,259
91$13,711,633$2,760,872$1,442,391$10,065,557
92$14,984,557$2,770,492$1,365,048$10,900,751
93$16,383,360$2,776,625$1,281,156$11,817,349
94$17,920,759$2,778,975$1,190,371$12,823,631
95$19,610,760$2,777,229$1,092,332$13,928,720
96$21,468,797$2,771,053$986,665$15,142,679
97$23,511,873$2,760,093$872,977$16,476,595
98$25,758,720$2,743,974$750,857$17,942,696
99$28,229,978$2,722,297$619,879$19,554,457
100$30,948,386$2,694,639$479,595$21,326,735