Can I retire at age 68 with 1,140,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$94,140$93,302$92,483$91,685$90,905$87,506
2 years$46,604$45,736$44,895$44,079$43,288$39,902
3 years$30,761$29,889$29,050$28,242$27,464$24,198
4 years$22,841$21,972$21,141$20,347$19,587$16,466
5 years$18,090$17,226$16,406$15,628$14,890$11,922
6 years$14,924$14,066$13,259$12,498$11,782$8,969
7 years$12,663$11,813$11,018$10,275$9,582$6,923
8 years$10,968$10,126$9,344$8,620$7,949$5,442
9 years$9,651$8,816$8,048$7,342$6,694$4,336
10 years$8,597$7,771$7,017$6,329$5,704$3,489
11 years$7,736$6,918$6,177$5,508$4,906$2,830
12 years$7,019$6,209$5,482$4,831$4,251$2,310
13 years$6,413$5,612$4,898$4,265$3,707$1,894
14 years$5,893$5,101$4,401$3,786$3,250$1,560
15 years$5,444$4,660$3,973$3,377$2,861$1,288
16 years$5,051$4,275$3,602$3,023$2,529$1,066
17 years$4,704$3,937$3,278$2,717$2,242$885
18 years$4,397$3,638$2,992$2,448$1,994$735
19 years$4,122$3,372$2,739$2,212$1,777$612
20 years$3,874$3,133$2,514$2,004$1,587$510
21 years$3,651$2,918$2,313$1,818$1,420$426
22 years$3,448$2,724$2,131$1,653$1,273$355
23 years$3,264$2,548$1,968$1,506$1,143$297
24 years$3,094$2,387$1,820$1,373$1,027$248
25 years$2,939$2,240$1,686$1,254$924$207
26 years$2,796$2,106$1,563$1,147$833$174
27 years$2,664$1,982$1,452$1,050$751$145
28 years$2,541$1,867$1,350$962$677$122
29 years$2,427$1,762$1,256$882$612$102
30 years$2,321$1,664$1,170$809$553$85
31 years$2,221$1,573$1,091$743$500$71
32 years$2,129$1,488$1,018$683$452$60
33 years$2,042$1,409$950$628$409$50
34 years$1,960$1,336$888$578$370$42
35 years$1,883$1,267$830$532$335$35
36 years$1,811$1,202$776$490$304$29
37 years$1,742$1,142$727$451$275$25
38 years$1,678$1,085$681$416$250$21
39 years$1,616$1,032$638$384$226$17
40 years$1,559$982$598$354$205$15
41 years$1,504$935$560$327$186$12
42 years$1,451$890$526$301$169$10
43 years$1,402$848$493$278$153$9
44 years$1,354$808$463$257$139$7
45 years$1,309$771$435$237$126$6
46 years$1,267$735$408$219$115$5
47 years$1,226$702$384$202$104$4
48 years$1,186$670$360$187$95$4
49 years$1,149$640$339$173$86$3
50 years$1,113$611$319$160$78$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,140,000, adding $5,641 every year, while hoping to spend $51,554 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: 48/42/10 Blend
67$1,140,000$1,140,000$1,140,000$1,140,000
68$1,262,099$1,201,679$1,184,009$1,318,978
69$1,335,980$1,205,708$1,168,820$1,362,686
70$1,415,669$1,208,207$1,151,394$1,404,265
71$1,501,704$1,209,046$1,131,603$1,448,228
72$1,594,676$1,208,087$1,109,310$1,494,814
73$1,695,235$1,205,185$1,084,374$1,544,288
74$1,804,095$1,200,185$1,056,646$1,596,945
75$1,922,040$1,192,923$1,025,972$1,653,110
76$2,049,935$1,183,223$992,189$1,713,149
77$2,188,729$1,170,901$955,128$1,777,462
78$2,339,465$1,155,761$914,610$1,846,499
79$2,503,292$1,137,594$870,451$1,920,756
80$2,681,473$1,116,182$822,456$2,000,784
81$2,875,398$1,091,290$770,423$2,087,195
82$3,086,597$1,062,671$714,141$2,180,668
83$3,316,752$1,030,064$653,386$2,281,954
84$3,567,715$993,192$587,930$2,391,888
85$3,841,525$951,761$517,529$2,511,394
86$4,140,426$905,463$441,931$2,641,496
87$4,466,888$853,968$360,874$2,783,330
88$4,823,628$796,931$274,081$2,938,152
89$5,213,642$733,984$181,266$3,107,355
90$5,640,224$664,740$82,129$3,292,481
91$6,107,003$588,789$0$3,495,236
92$6,617,975$505,697$0$3,720,035
93$7,177,541$415,008$0$3,975,959
94$7,790,544$316,238$0$4,256,587
95$8,462,323$208,877$0$4,564,515
96$9,198,752$92,384$0$4,902,615
97$10,006,306$0$0$5,274,059
98$10,892,112$0$0$5,697,978
99$11,864,023$0$0$6,210,080
100$12,930,689$0$0$6,772,239