Can I retire at age 68 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$90,011$89,209$88,427$87,664$86,918$86,479
2 years$44,560$43,730$42,926$42,146$41,390$40,947
3 years$29,412$28,578$27,776$27,003$26,259$25,826
4 years$21,839$21,008$20,214$19,454$18,728$18,308
5 years$17,296$16,470$15,687$14,943$14,237$13,831
6 years$14,269$13,449$12,677$11,950$11,265$10,874
7 years$12,108$11,295$10,535$9,825$9,162$8,785
8 years$10,487$9,682$8,934$8,242$7,600$7,239
9 years$9,228$8,430$7,695$7,020$6,401$6,054
10 years$8,220$7,430$6,709$6,051$5,454$5,122
11 years$7,397$6,615$5,906$5,267$4,690$4,373
12 years$6,711$5,937$5,242$4,619$4,065$3,762
13 years$6,131$5,365$4,683$4,078$3,544$3,255
14 years$5,635$4,877$4,208$3,620$3,107$2,832
15 years$5,205$4,455$3,799$3,229$2,736$2,474
16 years$4,829$4,088$3,444$2,891$2,418$2,169
17 years$4,498$3,765$3,134$2,597$2,144$1,907
18 years$4,204$3,479$2,861$2,341$1,906$1,682
19 years$3,941$3,224$2,619$2,115$1,699$1,486
20 years$3,705$2,996$2,404$1,916$1,518$1,316
21 years$3,491$2,790$2,211$1,739$1,358$1,168
22 years$3,297$2,605$2,038$1,581$1,217$1,038
23 years$3,121$2,436$1,882$1,440$1,093$923
24 years$2,959$2,283$1,740$1,313$982$822
25 years$2,810$2,142$1,612$1,199$884$733
26 years$2,673$2,013$1,495$1,096$796$654
27 years$2,547$1,895$1,388$1,004$718$584
28 years$2,429$1,785$1,290$919$648$522
29 years$2,320$1,684$1,201$843$585$467
30 years$2,219$1,591$1,119$774$528$418
31 years$2,124$1,504$1,043$711$478$374
32 years$2,035$1,423$973$653$432$335
33 years$1,952$1,347$908$601$391$301
34 years$1,874$1,277$849$553$354$269
35 years$1,800$1,211$794$509$321$242
36 years$1,731$1,150$742$469$291$217
37 years$1,666$1,092$695$432$263$194
38 years$1,604$1,038$651$398$239$175
39 years$1,546$987$610$367$217$157
40 years$1,490$939$571$338$196$141
41 years$1,438$894$536$312$178$126
42 years$1,388$851$503$288$162$113
43 years$1,340$811$472$266$147$102
44 years$1,295$773$443$246$133$92
45 years$1,252$737$416$227$121$82
46 years$1,211$703$390$210$110$74
47 years$1,172$671$367$194$100$66
48 years$1,134$641$345$179$91$60
49 years$1,098$612$324$165$82$54
50 years$1,064$584$305$153$75$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,090,000, adding $5,439 every year, while hoping to spend $56,163 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: 65/22/13 Blend
67$1,090,000$1,090,000$1,090,000$1,090,000
68$1,206,790$1,149,020$1,132,125$1,281,245
69$1,270,126$1,145,565$1,110,295$1,328,205
70$1,338,039$1,140,059$1,085,850$1,372,449
71$1,410,938$1,132,341$1,058,645$1,419,389
72$1,489,270$1,122,241$1,028,526$1,469,284
73$1,573,526$1,109,582$995,332$1,522,423
74$1,664,245$1,094,171$958,895$1,579,127
75$1,762,020$1,075,806$919,039$1,639,748
76$1,867,500$1,054,275$875,581$1,704,680
77$1,981,400$1,029,349$828,328$1,774,357
78$2,104,505$1,000,790$777,080$1,849,257
79$2,237,679$968,343$721,626$1,929,914
80$2,381,870$931,740$661,748$2,016,914
81$2,538,121$890,695$597,217$2,110,910
82$2,707,578$844,908$527,792$2,212,620
83$2,891,503$794,060$453,225$2,322,842
84$3,091,282$737,815$373,254$2,442,456
85$3,308,441$675,816$287,607$2,572,436
86$3,544,659$607,688$195,998$2,713,860
87$3,801,782$533,033$98,132$2,867,919
88$4,081,842$451,429$0$3,035,930
89$4,387,075$362,434$0$3,220,224
90$4,719,941$265,578$0$3,436,118
91$5,083,149$160,366$0$3,671,812
92$5,479,681$46,274$0$3,929,321
93$5,912,817$0$0$4,210,866
94$6,386,170$0$0$4,537,603
95$6,903,719$0$0$4,907,163
96$7,469,841$0$0$5,311,481
97$8,089,359$0$0$5,754,008
98$8,767,583$0$0$6,238,546
99$9,510,358$0$0$6,769,283
100$10,324,123$0$0$7,350,829