Can I retire at age 68 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$90,837$90,028$89,238$88,468$87,716$85,318
2 years$44,969$44,131$43,320$42,533$41,769$39,372
3 years$29,681$28,840$28,031$27,251$26,500$24,177
4 years$22,039$21,201$20,399$19,633$18,900$16,670
5 years$17,455$16,622$15,831$15,080$14,368$12,236
6 years$14,400$13,573$12,793$12,060$11,369$9,337
7 years$12,219$11,398$10,631$9,915$9,246$7,315
8 years$10,583$9,771$9,016$8,317$7,670$5,839
9 years$9,312$8,507$7,766$7,084$6,459$4,726
10 years$8,296$7,499$6,770$6,107$5,504$3,867
11 years$7,465$6,675$5,960$5,315$4,733$3,189
12 years$6,773$5,992$5,290$4,662$4,102$2,648
13 years$6,188$5,415$4,726$4,116$3,577$2,210
14 years$5,687$4,922$4,246$3,653$3,135$1,853
15 years$5,253$4,496$3,834$3,258$2,761$1,559
16 years$4,873$4,125$3,476$2,917$2,440$1,315
17 years$4,539$3,799$3,163$2,621$2,163$1,112
18 years$4,242$3,510$2,887$2,362$1,924$943
19 years$3,977$3,253$2,643$2,135$1,715$800
20 years$3,739$3,023$2,426$1,933$1,531$680
21 years$3,523$2,816$2,231$1,755$1,371$579
22 years$3,327$2,629$2,057$1,595$1,228$493
23 years$3,149$2,459$1,899$1,453$1,103$420
24 years$2,986$2,304$1,756$1,325$991$359
25 years$2,836$2,162$1,627$1,210$892$306
26 years$2,698$2,032$1,509$1,106$803$262
27 years$2,570$1,912$1,401$1,013$724$224
28 years$2,452$1,802$1,302$928$654$191
29 years$2,342$1,700$1,212$851$590$164
30 years$2,239$1,605$1,129$781$533$140
31 years$2,143$1,517$1,052$717$482$120
32 years$2,054$1,436$982$659$436$102
33 years$1,970$1,360$917$606$395$88
34 years$1,891$1,289$857$558$357$75
35 years$1,817$1,222$801$513$324$64
36 years$1,747$1,160$749$473$293$55
37 years$1,681$1,102$701$436$266$47
38 years$1,619$1,047$657$402$241$40
39 years$1,560$996$615$370$218$35
40 years$1,504$947$577$342$198$30
41 years$1,451$902$541$315$180$25
42 years$1,400$859$507$291$163$22
43 years$1,353$818$476$268$148$19
44 years$1,307$780$447$248$134$16
45 years$1,264$744$419$229$122$14
46 years$1,222$710$394$211$111$12
47 years$1,183$677$370$195$101$10
48 years$1,145$646$348$180$91$9
49 years$1,109$617$327$167$83$7
50 years$1,074$590$307$154$75$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,100,000, adding $2,448 every year, while hoping to spend $46,834 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: 69/12/19 Blend
67$1,100,000$1,100,000$1,100,000$1,100,000
68$1,214,725$1,156,425$1,139,375$1,292,748
69$1,288,796$1,163,259$1,127,713$1,351,966
70$1,368,853$1,168,858$1,114,091$1,410,999
71$1,455,456$1,173,112$1,098,393$1,474,438
72$1,549,222$1,175,905$1,080,499$1,542,712
73$1,650,830$1,177,111$1,060,283$1,616,297
74$1,761,025$1,176,600$1,037,613$1,695,718
75$1,880,627$1,174,231$1,012,351$1,781,553
76$2,010,538$1,169,855$984,351$1,874,442
77$2,151,749$1,163,314$953,463$1,975,088
78$2,305,352$1,154,441$919,529$2,084,271
79$2,472,548$1,143,058$882,383$2,202,847
80$2,654,657$1,128,977$841,852$2,331,765
81$2,853,133$1,111,999$797,755$2,472,068
82$3,069,576$1,091,910$749,904$2,624,911
83$3,305,748$1,068,489$698,100$2,791,564
84$3,563,586$1,041,496$642,138$2,973,433
85$3,845,224$1,010,682$581,802$3,172,064
86$4,153,010$975,779$516,866$3,389,167
87$4,489,532$936,507$447,096$3,626,627
88$4,857,636$892,567$372,245$3,886,523
89$5,260,456$843,644$292,056$4,171,149
90$5,701,446$789,406$206,263$4,483,036
91$6,184,405$729,499$114,585$4,824,974
92$6,713,521$663,551$16,731$5,200,043
93$7,293,404$591,169$0$5,611,639
94$7,929,130$511,935$0$6,081,288
95$8,626,293$425,411$0$6,600,117
96$9,391,050$331,131$0$7,169,355
97$10,230,185$228,605$0$7,794,098
98$11,151,172$117,315$0$8,479,964
99$12,162,242$0$0$9,233,140
100$13,272,460$0$0$10,060,883