Can I retire at age 68 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$108,179$107,215$106,275$105,357$104,461$103,500
2 years$53,554$52,556$51,590$50,653$49,743$48,775
3 years$35,348$34,346$33,382$32,454$31,559$30,613
4 years$26,247$25,248$24,294$23,381$22,508$21,592
5 years$20,787$19,795$18,853$17,959$17,110$16,227
6 years$17,149$16,164$15,236$14,362$13,539$12,690
7 years$14,551$13,574$12,661$11,808$11,011$10,196
8 years$12,604$11,636$10,738$9,905$9,135$8,354
9 years$11,090$10,131$9,248$8,437$7,693$6,946
10 years$9,880$8,930$8,063$7,273$6,554$5,841
11 years$8,890$7,950$7,098$6,329$5,637$4,957
12 years$8,066$7,135$6,300$5,552$4,885$4,237
13 years$7,369$6,448$5,628$4,901$4,260$3,643
14 years$6,772$5,861$5,057$4,351$3,734$3,148
15 years$6,255$5,354$4,566$3,880$3,288$2,732
16 years$5,804$4,913$4,140$3,474$2,906$2,379
17 years$5,406$4,524$3,767$3,122$2,576$2,078
18 years$5,052$4,181$3,439$2,813$2,291$1,819
19 years$4,736$3,875$3,148$2,542$2,042$1,596
20 years$4,452$3,600$2,889$2,302$1,824$1,404
21 years$4,196$3,354$2,657$2,089$1,632$1,236
22 years$3,963$3,131$2,449$1,900$1,463$1,090
23 years$3,750$2,928$2,261$1,730$1,313$962
24 years$3,556$2,743$2,091$1,578$1,180$851
25 years$3,377$2,574$1,937$1,441$1,062$753
26 years$3,213$2,420$1,797$1,318$957$667
27 years$3,061$2,277$1,668$1,206$863$591
28 years$2,920$2,146$1,551$1,105$778$524
29 years$2,789$2,024$1,443$1,013$703$465
30 years$2,667$1,912$1,344$930$635$413
31 years$2,553$1,807$1,253$854$574$366
32 years$2,446$1,710$1,169$785$519$326
33 years$2,346$1,619$1,092$722$470$289
34 years$2,252$1,535$1,020$664$426$257
35 years$2,164$1,456$954$611$385$229
36 years$2,081$1,382$892$563$349$203
37 years$2,002$1,312$835$519$317$181
38 years$1,928$1,247$782$478$287$161
39 years$1,858$1,186$733$441$260$143
40 years$1,791$1,128$687$407$236$128
41 years$1,728$1,074$644$375$214$114
42 years$1,668$1,023$604$346$194$101
43 years$1,611$975$567$320$176$90
44 years$1,556$929$532$295$160$80
45 years$1,505$886$500$273$145$71
46 years$1,455$845$469$252$132$64
47 years$1,408$806$441$233$120$57
48 years$1,363$770$414$215$109$51
49 years$1,320$735$389$199$99$45
50 years$1,279$702$366$184$90$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,310,000, adding $3,865 every year, while hoping to spend $56,508 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: 49/24/27 Blend
67$1,310,000$1,310,000$1,310,000$1,310,000
68$1,447,607$1,378,177$1,357,872$1,507,274
69$1,535,139$1,385,583$1,343,236$1,556,858
70$1,629,705$1,391,459$1,326,217$1,604,786
71$1,731,963$1,395,669$1,306,674$1,655,748
72$1,842,637$1,398,070$1,284,460$1,710,058
73$1,962,520$1,398,510$1,259,425$1,768,065
74$2,092,488$1,396,828$1,231,406$1,830,155
75$2,233,501$1,392,852$1,200,237$1,896,757
76$2,386,616$1,386,399$1,165,743$1,968,347
77$2,552,996$1,377,277$1,127,740$2,045,455
78$2,733,919$1,365,282$1,086,037$2,128,664
79$2,930,792$1,350,194$1,040,433$2,218,625
80$3,145,164$1,331,785$990,719$2,316,057
81$3,378,738$1,309,810$936,675$2,421,758
82$3,633,389$1,284,010$878,073$2,536,611
83$3,911,180$1,254,112$814,674$2,661,595
84$4,214,382$1,219,824$746,227$2,797,793
85$4,545,494$1,180,841$672,471$2,946,405
86$4,907,270$1,136,838$593,134$3,108,759
87$5,302,737$1,087,469$507,930$3,286,326
88$5,735,233$1,032,371$416,562$3,480,732
89$6,208,429$971,160$318,719$3,693,777
90$6,726,369$903,427$214,077$3,927,452
91$7,293,507$828,743$102,297$4,183,957
92$7,914,746$746,653$0$4,465,730
93$8,595,486$656,675$0$4,780,357
94$9,341,674$558,301$0$5,157,687
95$10,159,862$450,995$0$5,571,620
96$11,057,263$334,188$0$6,025,908
97$12,041,824$207,283$0$6,524,690
98$13,122,296$69,646$0$7,072,532
99$14,308,321$0$0$7,674,471
100$15,610,518$0$0$8,357,029