Can I retire at age 68 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$93,314$92,483$91,672$90,881$90,108$88,871
2 years$46,195$45,335$44,501$43,693$42,908$41,665
3 years$30,491$29,627$28,795$27,994$27,223$26,011
4 years$22,640$21,779$20,955$20,168$19,416$18,245
5 years$17,931$17,075$16,262$15,491$14,759$13,633
6 years$14,793$13,943$13,142$12,388$11,679$10,598
7 years$12,552$11,709$10,921$10,185$9,498$8,463
8 years$10,872$10,037$9,262$8,544$7,879$6,890
9 years$9,566$8,739$7,978$7,278$6,636$5,692
10 years$8,522$7,703$6,955$6,273$5,654$4,755
11 years$7,668$6,858$6,123$5,460$4,862$4,008
12 years$6,957$6,155$5,434$4,789$4,214$3,402
13 years$6,356$5,562$4,855$4,228$3,674$2,904
14 years$5,842$5,056$4,362$3,753$3,221$2,492
15 years$5,396$4,619$3,938$3,347$2,836$2,146
16 years$5,006$4,238$3,571$2,997$2,506$1,855
17 years$4,663$3,903$3,249$2,693$2,222$1,607
18 years$4,358$3,606$2,966$2,427$1,976$1,396
19 years$4,085$3,342$2,715$2,193$1,761$1,216
20 years$3,841$3,106$2,492$1,986$1,573$1,060
21 years$3,619$2,893$2,292$1,802$1,408$926
22 years$3,418$2,700$2,113$1,639$1,262$810
23 years$3,235$2,526$1,951$1,492$1,133$709
24 years$3,067$2,366$1,804$1,361$1,018$621
25 years$2,913$2,221$1,671$1,243$916$545
26 years$2,771$2,087$1,550$1,137$825$478
27 years$2,640$1,964$1,439$1,040$744$420
28 years$2,519$1,851$1,338$953$671$369
29 years$2,405$1,746$1,245$874$606$325
30 years$2,300$1,649$1,160$802$548$286
31 years$2,202$1,559$1,081$737$495$252
32 years$2,110$1,475$1,009$677$448$221
33 years$2,024$1,397$942$623$405$195
34 years$1,943$1,324$880$573$367$172
35 years$1,866$1,256$823$527$332$151
36 years$1,795$1,192$770$486$301$133
37 years$1,727$1,132$720$448$273$118
38 years$1,663$1,076$675$413$248$104
39 years$1,602$1,023$632$380$224$91
40 years$1,545$973$592$351$204$81
41 years$1,490$926$555$324$185$71
42 years$1,439$882$521$299$168$63
43 years$1,389$841$489$276$152$55
44 years$1,343$801$459$255$138$49
45 years$1,298$764$431$235$125$43
46 years$1,255$729$405$217$114$38
47 years$1,215$696$380$201$103$33
48 years$1,176$664$357$185$94$30
49 years$1,139$634$336$171$85$26
50 years$1,103$606$316$158$77$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,130,000, adding $2,134 every year, while hoping to spend $41,702 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: 51/26/23 Blend
67$1,130,000$1,130,000$1,130,000$1,130,000
68$1,247,461$1,187,571$1,170,056$1,302,965
69$1,330,332$1,201,392$1,164,882$1,355,454
70$1,420,257$1,214,492$1,158,138$1,408,065
71$1,517,913$1,226,792$1,149,725$1,464,409
72$1,624,044$1,238,207$1,139,544$1,524,858
73$1,739,465$1,248,648$1,127,488$1,589,820
74$1,865,077$1,258,019$1,113,445$1,659,749
75$2,001,869$1,266,216$1,097,300$1,735,145
76$2,150,931$1,273,132$1,078,931$1,816,563
77$2,313,461$1,278,650$1,058,209$1,904,613
78$2,490,777$1,282,647$1,035,003$1,999,971
79$2,684,331$1,284,992$1,009,171$2,103,386
80$2,895,723$1,285,546$980,568$2,215,682
81$3,126,710$1,284,162$949,040$2,337,773
82$3,379,231$1,280,682$914,429$2,470,665
83$3,655,416$1,274,939$876,566$2,615,472
84$3,957,615$1,266,758$835,278$2,773,424
85$4,288,413$1,255,950$790,381$2,945,880
86$4,650,656$1,242,316$741,684$3,134,340
87$5,047,480$1,225,647$688,987$3,340,463
88$5,482,338$1,205,718$632,083$3,566,076
89$5,959,031$1,182,293$570,753$3,813,203
90$6,481,749$1,155,122$504,769$4,084,073
91$7,055,102$1,123,938$433,894$4,381,152
92$7,684,173$1,088,461$357,880$4,707,157
93$8,374,556$1,048,394$276,467$5,065,093
94$9,132,417$1,003,421$189,384$5,458,273
95$9,964,544$953,209$96,349$5,890,356
96$10,878,418$897,407$0$6,365,378
97$11,882,278$835,641$0$6,888,518
98$12,985,201$767,518$0$7,489,253
99$14,197,186$692,622$0$8,149,418
100$15,529,250$610,511$0$8,875,084