Can I retire at age 68 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$99,921$99,031$98,162$97,315$96,487$93,138
2 years$49,466$48,544$47,652$46,786$45,946$42,606
3 years$32,650$31,724$30,834$29,976$29,150$25,925
4 years$24,243$23,321$22,439$21,596$20,790$17,704
5 years$19,201$18,284$17,414$16,588$15,804$12,866
6 years$15,840$14,930$14,073$13,265$12,505$9,716
7 years$13,441$12,538$11,695$10,906$10,170$7,530
8 years$11,642$10,748$9,918$9,149$8,437$5,944
9 years$10,243$9,358$8,542$7,793$7,105$4,756
10 years$9,125$8,248$7,447$6,718$6,054$3,844
11 years$8,211$7,343$6,557$5,846$5,207$3,133
12 years$7,450$6,591$5,819$5,128$4,512$2,568
13 years$6,806$5,956$5,199$4,527$3,935$2,116
14 years$6,255$5,414$4,671$4,019$3,449$1,751
15 years$5,778$4,946$4,217$3,584$3,037$1,453
16 years$5,361$4,538$3,824$3,209$2,684$1,209
17 years$4,993$4,179$3,479$2,883$2,380$1,009
18 years$4,667$3,862$3,176$2,599$2,116$843
19 years$4,375$3,579$2,908$2,348$1,886$705
20 years$4,112$3,326$2,668$2,127$1,685$591
21 years$3,875$3,098$2,455$1,930$1,508$496
22 years$3,660$2,892$2,262$1,755$1,351$416
23 years$3,464$2,704$2,089$1,598$1,213$349
24 years$3,285$2,534$1,932$1,458$1,090$294
25 years$3,120$2,378$1,789$1,331$981$247
26 years$2,968$2,235$1,659$1,217$884$208
27 years$2,827$2,103$1,541$1,114$797$175
28 years$2,697$1,982$1,432$1,021$719$147
29 years$2,576$1,870$1,333$936$649$124
30 years$2,463$1,766$1,242$859$587$104
31 years$2,358$1,669$1,158$789$530$88
32 years$2,259$1,579$1,080$725$480$74
33 years$2,167$1,496$1,008$667$434$62
34 years$2,080$1,418$942$613$393$53
35 years$1,999$1,345$881$565$356$44
36 years$1,922$1,276$824$520$323$37
37 years$1,849$1,212$771$479$292$31
38 years$1,781$1,152$722$442$265$27
39 years$1,716$1,095$677$407$240$22
40 years$1,654$1,042$634$376$218$19
41 years$1,596$992$595$347$198$16
42 years$1,541$945$558$320$179$13
43 years$1,488$900$524$295$163$11
44 years$1,438$858$491$273$148$10
45 years$1,390$818$461$252$134$8
46 years$1,344$781$433$233$122$7
47 years$1,301$745$407$215$111$6
48 years$1,259$711$383$199$100$5
49 years$1,219$679$360$183$91$4
50 years$1,181$649$338$170$83$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,210,000, adding $2,356 every year, while hoping to spend $55,920 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: 78/16/6 Blend
67$1,210,000$1,210,000$1,210,000$1,210,000
68$1,335,850$1,271,720$1,252,965$1,439,168
69$1,412,608$1,274,536$1,235,441$1,510,069
70$1,495,322$1,275,616$1,215,456$1,580,276
71$1,584,539$1,274,815$1,192,868$1,655,601
72$1,680,862$1,271,981$1,167,529$1,736,528
73$1,784,953$1,266,951$1,139,284$1,823,588
74$1,897,539$1,259,553$1,107,971$1,917,370
75$2,019,421$1,249,604$1,073,421$2,018,517
76$2,151,477$1,236,909$1,035,456$2,127,745
77$2,294,674$1,221,265$993,890$2,245,836
78$2,450,076$1,202,451$948,530$2,373,657
79$2,618,850$1,180,238$899,173$2,512,162
80$2,802,284$1,154,381$845,606$2,662,401
81$3,001,792$1,124,621$787,609$2,825,535
82$3,218,931$1,090,683$724,950$3,002,840
83$3,455,413$1,052,277$657,386$3,195,725
84$3,713,122$1,009,096$584,666$3,405,744
85$3,994,134$960,815$506,526$3,634,609
86$4,300,731$907,090$422,690$3,884,206
87$4,635,425$847,557$332,869$4,156,618
88$5,000,982$781,832$236,764$4,454,138
89$5,400,448$709,507$134,062$4,779,298
90$5,837,174$630,153$24,433$5,134,885
91$6,314,852$543,317$0$5,523,976
92$6,837,544$448,517$0$5,955,886
93$7,409,727$345,248$0$6,430,483
94$8,036,327$232,972$0$6,950,347
95$8,722,771$111,126$0$7,520,047
96$9,475,034$0$0$8,144,620
97$10,299,697$0$0$8,833,295
98$11,204,011$0$0$9,609,979
99$12,195,957$0$0$10,461,970
100$13,284,329$0$0$11,396,824