Can I retire at age 68 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$94,966$94,120$93,295$92,489$91,703$88,204
2 years$47,013$46,137$45,289$44,466$43,668$40,184
3 years$31,031$30,151$29,305$28,490$27,705$24,345
4 years$23,041$22,164$21,326$20,525$19,759$16,550
5 years$18,248$17,377$16,550$15,765$15,021$11,970
6 years$15,055$14,190$13,375$12,608$11,885$8,995
7 years$12,774$11,916$11,115$10,365$9,666$6,935
8 years$11,064$10,215$9,426$8,695$8,019$5,445
9 years$9,735$8,894$8,119$7,407$6,753$4,333
10 years$8,673$7,839$7,078$6,384$5,754$3,483
11 years$7,804$6,979$6,231$5,556$4,949$2,821
12 years$7,081$6,264$5,530$4,874$4,288$2,299
13 years$6,469$5,661$4,941$4,303$3,739$1,883
14 years$5,945$5,145$4,439$3,820$3,278$1,548
15 years$5,491$4,700$4,008$3,406$2,886$1,277
16 years$5,095$4,313$3,634$3,050$2,551$1,056
17 years$4,745$3,972$3,307$2,740$2,262$875
18 years$4,435$3,670$3,019$2,470$2,011$726
19 years$4,158$3,401$2,763$2,232$1,792$603
20 years$3,908$3,161$2,536$2,021$1,601$502
21 years$3,683$2,944$2,333$1,834$1,433$418
22 years$3,479$2,748$2,150$1,668$1,284$348
23 years$3,292$2,570$1,985$1,519$1,153$291
24 years$3,122$2,408$1,836$1,385$1,036$243
25 years$2,965$2,260$1,700$1,265$932$202
26 years$2,820$2,124$1,577$1,157$840$169
27 years$2,687$1,999$1,464$1,059$757$141
28 years$2,563$1,884$1,361$970$683$118
29 years$2,448$1,777$1,267$890$617$99
30 years$2,341$1,678$1,180$816$557$83
31 years$2,241$1,586$1,100$750$504$69
32 years$2,147$1,501$1,026$689$456$58
33 years$2,059$1,422$958$634$413$48
34 years$1,977$1,347$895$583$374$40
35 years$1,900$1,278$837$537$338$34
36 years$1,826$1,213$783$494$307$28
37 years$1,758$1,152$733$455$278$24
38 years$1,692$1,095$686$420$252$20
39 years$1,631$1,041$643$387$228$17
40 years$1,572$990$603$357$207$14
41 years$1,517$943$565$329$188$12
42 years$1,464$898$530$304$171$10
43 years$1,414$856$498$281$155$8
44 years$1,366$816$467$259$141$7
45 years$1,321$778$439$239$128$6
46 years$1,278$742$412$221$116$5
47 years$1,236$708$387$204$105$4
48 years$1,197$676$364$189$96$3
49 years$1,159$645$342$174$87$3
50 years$1,123$617$321$161$79$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,150,000, adding $4,290 every year, while hoping to spend $52,744 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: 56/16/28 Blend
67$1,150,000$1,150,000$1,150,000$1,150,000
68$1,271,725$1,210,775$1,192,950$1,332,910
69$1,345,322$1,213,984$1,176,795$1,378,693
70$1,424,658$1,215,582$1,158,330$1,422,709
71$1,510,262$1,215,435$1,137,424$1,469,598
72$1,602,718$1,213,400$1,113,937$1,519,656
73$1,702,664$1,209,326$1,087,722$1,573,209
74$1,810,803$1,203,050$1,058,628$1,630,620
75$1,927,908$1,194,402$1,026,495$1,692,291
76$2,054,828$1,183,202$991,157$1,758,668
77$2,192,498$1,169,256$952,438$1,830,245
78$2,341,945$1,152,362$910,156$1,907,569
79$2,504,298$1,132,302$864,121$1,991,246
80$2,680,801$1,108,849$814,134$2,081,947
81$2,872,820$1,081,761$759,985$2,180,415
82$3,081,861$1,050,780$701,458$2,287,472
83$3,309,578$1,015,636$638,324$2,404,030
84$3,557,794$976,041$570,346$2,531,094
85$3,828,513$931,690$497,277$2,669,781
86$4,123,941$882,263$418,856$2,821,322
87$4,446,508$827,419$334,813$2,987,082
88$4,798,888$766,799$244,865$3,168,569
89$5,184,024$700,021$148,717$3,367,449
90$5,605,156$626,684$46,061$3,585,567
91$6,065,853$546,363$0$3,824,961
92$6,570,044$458,609$0$4,106,851
93$7,122,055$362,947$0$4,430,677
94$7,726,650$258,877$0$4,785,517
95$8,389,076$145,869$0$5,174,520
96$9,115,109$23,364$0$5,601,157
97$9,911,113$0$0$6,069,255
98$10,784,098$0$0$6,602,264
99$11,741,781$0$0$7,191,606
100$12,792,666$0$0$7,838,412