Can I retire at age 68 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$105,701$104,760$103,841$102,944$102,069$98,921
2 years$52,327$51,353$50,408$49,493$48,604$45,460
3 years$34,538$33,560$32,618$31,710$30,837$27,795
4 years$25,646$24,670$23,737$22,846$21,993$19,077
5 years$20,311$19,341$18,421$17,548$16,719$13,936
6 years$16,756$15,794$14,887$14,033$13,229$10,583
7 years$14,218$13,264$12,371$11,537$10,759$8,249
8 years$12,315$11,369$10,492$9,678$8,925$6,550
9 years$10,836$9,899$9,036$8,244$7,516$5,273
10 years$9,653$8,726$7,878$7,106$6,404$4,289
11 years$8,686$7,768$6,936$6,185$5,508$3,518
12 years$7,881$6,972$6,155$5,425$4,773$2,903
13 years$7,200$6,301$5,499$4,789$4,162$2,409
14 years$6,617$5,727$4,941$4,251$3,649$2,007
15 years$6,112$5,232$4,461$3,791$3,212$1,677
16 years$5,671$4,800$4,045$3,395$2,839$1,406
17 years$5,282$4,421$3,681$3,050$2,517$1,181
18 years$4,936$4,085$3,360$2,749$2,238$994
19 years$4,628$3,786$3,076$2,484$1,995$838
20 years$4,350$3,518$2,823$2,250$1,782$708
21 years$4,100$3,277$2,596$2,042$1,595$598
22 years$3,872$3,059$2,393$1,856$1,429$506
23 years$3,664$2,861$2,210$1,691$1,283$429
24 years$3,475$2,680$2,043$1,542$1,153$363
25 years$3,300$2,515$1,893$1,408$1,038$308
26 years$3,139$2,364$1,755$1,288$935$261
27 years$2,991$2,225$1,630$1,179$843$221
28 years$2,853$2,097$1,515$1,080$761$188
29 years$2,725$1,978$1,410$990$687$160
30 years$2,606$1,868$1,313$909$621$136
31 years$2,494$1,766$1,225$835$561$115
32 years$2,390$1,671$1,142$767$507$98
33 years$2,292$1,582$1,067$705$459$83
34 years$2,201$1,500$997$649$416$71
35 years$2,114$1,422$932$597$377$60
36 years$2,033$1,350$872$550$341$51
37 years$1,956$1,282$816$507$309$43
38 years$1,884$1,219$764$467$280$37
39 years$1,815$1,159$716$431$254$31
40 years$1,750$1,102$671$397$231$27
41 years$1,688$1,049$629$367$209$23
42 years$1,630$999$590$338$190$19
43 years$1,574$952$554$312$172$16
44 years$1,521$908$520$288$156$14
45 years$1,470$866$488$266$142$12
46 years$1,422$826$458$246$129$10
47 years$1,376$788$431$227$117$9
48 years$1,332$752$405$210$106$7
49 years$1,290$718$380$194$97$6
50 years$1,250$686$358$179$88$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,280,000, adding $6,128 every year, while hoping to spend $39,879 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: 53/41/6 Blend
67$1,280,000$1,280,000$1,280,000$1,280,000
68$1,416,881$1,349,041$1,329,201$1,489,695
69$1,518,972$1,372,713$1,331,298$1,563,346
70$1,630,140$1,396,209$1,332,129$1,638,533
71$1,751,268$1,419,477$1,331,609$1,719,359
72$1,883,329$1,442,463$1,329,650$1,806,364
73$2,027,393$1,465,108$1,326,158$1,900,141
74$2,184,639$1,487,350$1,321,036$2,001,345
75$2,356,363$1,509,121$1,314,182$2,110,700
76$2,543,993$1,530,349$1,305,488$2,229,001
77$2,749,100$1,550,956$1,294,842$2,357,125
78$2,973,416$1,570,861$1,282,127$2,496,041
79$3,218,845$1,589,973$1,267,218$2,646,817
80$3,487,485$1,608,200$1,249,988$2,810,628
81$3,781,646$1,625,440$1,230,300$2,988,773
82$4,103,873$1,641,585$1,208,014$3,182,682
83$4,456,966$1,656,521$1,182,981$3,393,934
84$4,844,012$1,670,125$1,155,046$3,624,268
85$5,268,408$1,682,268$1,124,047$3,875,603
86$5,733,897$1,692,811$1,089,814$4,150,055
87$6,244,601$1,701,606$1,052,170$4,449,958
88$6,805,062$1,708,495$1,010,928$4,777,884
89$7,420,280$1,713,313$965,896$5,136,672
90$8,095,765$1,715,882$916,870$5,529,449
91$8,837,586$1,716,013$863,638$5,959,668
92$9,652,428$1,713,507$805,979$6,431,133
93$10,547,656$1,708,149$743,660$6,948,039
94$11,531,385$1,699,716$676,440$7,515,014
95$12,612,551$1,687,967$604,066$8,137,160
96$13,801,003$1,672,649$526,273$8,820,104
97$15,107,589$1,653,493$442,787$9,570,047
98$16,544,262$1,630,212$353,319$10,393,832
99$18,124,189$1,602,506$257,568$11,299,001
100$19,861,881$1,570,053$155,221$12,293,871