Can I retire at age 68 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$104,050$103,123$102,219$101,336$100,474$97,180
2 years$51,510$50,550$49,621$48,719$47,845$44,558
3 years$33,999$33,035$32,108$31,215$30,355$27,177
4 years$25,245$24,284$23,366$22,489$21,649$18,606
5 years$19,994$19,039$18,133$17,273$16,457$13,557
6 years$16,495$15,547$14,654$13,814$13,022$10,266
7 years$13,996$13,056$12,178$11,357$10,591$7,979
8 years$12,123$11,192$10,328$9,527$8,786$6,317
9 years$10,667$9,744$8,895$8,115$7,399$5,070
10 years$9,502$8,589$7,755$6,995$6,304$4,111
11 years$8,551$7,646$6,827$6,088$5,422$3,361
12 years$7,758$6,863$6,059$5,340$4,699$2,765
13 years$7,088$6,202$5,414$4,714$4,097$2,286
14 years$6,514$5,638$4,864$4,185$3,592$1,898
15 years$6,017$5,150$4,392$3,732$3,162$1,581
16 years$5,582$4,725$3,982$3,342$2,795$1,320
17 years$5,199$4,352$3,623$3,003$2,478$1,105
18 years$4,859$4,021$3,307$2,706$2,203$927
19 years$4,555$3,727$3,028$2,445$1,964$779
20 years$4,282$3,463$2,779$2,214$1,754$655
21 years$4,036$3,226$2,556$2,010$1,570$551
22 years$3,811$3,011$2,356$1,827$1,407$465
23 years$3,607$2,816$2,175$1,664$1,263$392
24 years$3,420$2,639$2,012$1,518$1,135$331
25 years$3,248$2,476$1,863$1,386$1,022$279
26 years$3,090$2,327$1,728$1,267$920$236
27 years$2,944$2,190$1,605$1,160$830$199
28 years$2,808$2,064$1,492$1,063$749$168
29 years$2,682$1,947$1,388$975$676$142
30 years$2,565$1,839$1,293$895$611$120
31 years$2,455$1,738$1,205$822$552$102
32 years$2,353$1,645$1,125$755$500$86
33 years$2,256$1,558$1,050$694$452$73
34 years$2,166$1,476$981$639$409$62
35 years$2,081$1,400$917$588$371$52
36 years$2,001$1,329$858$542$336$44
37 years$1,926$1,262$803$499$304$37
38 years$1,854$1,200$752$460$276$32
39 years$1,787$1,141$705$424$250$27
40 years$1,723$1,085$660$391$227$23
41 years$1,662$1,033$619$361$206$19
42 years$1,604$984$581$333$187$16
43 years$1,549$937$545$307$170$14
44 years$1,497$894$512$284$154$12
45 years$1,447$852$480$262$140$10
46 years$1,400$813$451$242$127$8
47 years$1,355$776$424$224$115$7
48 years$1,311$740$398$207$105$6
49 years$1,270$707$374$191$95$5
50 years$1,230$675$352$177$86$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,260,000, adding $4,804 every year, while hoping to spend $31,901 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: 62/26/12 Blend
67$1,260,000$1,260,000$1,260,000$1,260,000
68$1,393,475$1,326,695$1,307,165$1,475,639
69$1,501,667$1,357,761$1,317,013$1,562,366
70$1,619,826$1,389,280$1,326,121$1,652,908
71$1,748,934$1,421,240$1,334,432$1,750,956
72$1,890,073$1,453,629$1,341,883$1,857,237
73$2,044,435$1,486,431$1,348,411$1,972,553
74$2,213,331$1,519,630$1,353,947$2,097,788
75$2,398,206$1,553,207$1,358,419$2,233,914
76$2,600,651$1,587,142$1,361,754$2,382,005
77$2,822,417$1,621,412$1,363,872$2,543,239
78$3,065,432$1,655,990$1,364,691$2,718,919
79$3,331,822$1,690,849$1,364,124$2,910,478
80$3,623,925$1,725,958$1,362,079$3,119,493
81$3,944,320$1,761,284$1,358,463$3,347,706
82$4,295,843$1,796,789$1,353,174$3,597,032
83$4,681,621$1,832,434$1,346,107$3,869,585
84$5,105,098$1,868,175$1,337,154$4,167,691
85$5,570,067$1,903,965$1,326,198$4,493,915
86$6,080,707$1,939,752$1,313,118$4,851,084
87$6,641,621$1,975,482$1,297,790$5,242,311
88$7,257,880$2,011,094$1,280,079$5,671,030
89$7,935,069$2,046,523$1,259,847$6,141,021
90$8,679,344$2,081,700$1,236,950$6,656,452
91$9,497,484$2,116,550$1,211,234$7,221,918
92$10,396,959$2,150,993$1,182,542$7,842,480
93$11,385,998$2,184,941$1,150,707$8,523,717
94$12,473,669$2,218,302$1,115,555$9,271,777
95$13,669,961$2,250,977$1,076,903$10,093,435
96$14,985,879$2,282,857$1,034,562$10,996,158
97$16,433,551$2,313,830$988,332$11,988,178
98$18,026,338$2,343,772$938,006$13,078,562
99$19,778,961$2,372,553$883,366$14,277,308
100$21,707,641$2,400,033$824,184$15,595,431