Can I retire at age 68 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$109,830$108,852$107,897$106,966$106,056$105,255
2 years$54,371$53,359$52,377$51,426$50,503$49,696
3 years$35,888$34,871$33,892$32,949$32,041$31,252
4 years$26,647$25,634$24,664$23,738$22,852$22,088
5 years$21,105$20,097$19,141$18,233$17,372$16,634
6 years$17,411$16,411$15,468$14,581$13,746$13,036
7 years$14,773$13,782$12,854$11,988$11,179$10,497
8 years$12,796$11,813$10,902$10,056$9,274$8,620
9 years$11,259$10,286$9,389$8,566$7,810$7,184
10 years$10,030$9,066$8,186$7,384$6,655$6,056
11 years$9,026$8,071$7,207$6,426$5,723$5,152
12 years$8,189$7,244$6,396$5,637$4,960$4,415
13 years$7,481$6,547$5,714$4,976$4,325$3,806
14 years$6,876$5,951$5,134$4,417$3,791$3,298
15 years$6,351$5,436$4,636$3,939$3,338$2,869
16 years$5,892$4,988$4,203$3,527$2,950$2,505
17 years$5,488$4,593$3,824$3,169$2,616$2,194
18 years$5,129$4,244$3,491$2,856$2,326$1,927
19 years$4,809$3,934$3,196$2,581$2,073$1,696
20 years$4,520$3,655$2,933$2,337$1,852$1,495
21 years$4,260$3,405$2,698$2,121$1,657$1,320
22 years$4,023$3,178$2,487$1,929$1,485$1,168
23 years$3,808$2,973$2,296$1,757$1,333$1,034
24 years$3,610$2,785$2,123$1,602$1,198$917
25 years$3,429$2,614$1,967$1,463$1,078$814
26 years$3,262$2,457$1,824$1,338$971$723
27 years$3,107$2,312$1,694$1,225$876$643
28 years$2,964$2,178$1,574$1,122$790$572
29 years$2,831$2,055$1,465$1,029$714$509
30 years$2,707$1,941$1,365$944$645$453
31 years$2,592$1,835$1,272$867$583$404
32 years$2,483$1,736$1,187$797$527$360
33 years$2,382$1,644$1,108$733$477$321
34 years$2,287$1,558$1,036$674$432$286
35 years$2,197$1,478$968$621$391$256
36 years$2,112$1,403$906$572$355$228
37 years$2,033$1,332$848$527$321$204
38 years$1,957$1,266$794$486$291$182
39 years$1,886$1,204$744$448$264$162
40 years$1,818$1,146$697$413$240$145
41 years$1,754$1,090$654$381$217$130
42 years$1,693$1,038$613$352$197$116
43 years$1,635$989$575$325$179$103
44 years$1,580$943$540$300$163$92
45 years$1,528$899$507$277$148$83
46 years$1,478$858$476$256$134$74
47 years$1,430$819$448$236$122$66
48 years$1,384$782$421$218$110$59
49 years$1,340$746$395$202$100$53
50 years$1,299$713$372$186$91$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,330,000, adding $5,033 every year, while hoping to spend $32,592 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: 60/24/16 Blend
67$1,330,000$1,330,000$1,330,000$1,330,000
68$1,470,852$1,400,362$1,379,747$1,552,830
69$1,586,201$1,434,302$1,391,290$1,642,675
70$1,712,223$1,468,812$1,402,129$1,736,568
71$1,849,973$1,503,887$1,412,203$1,838,233
72$2,000,612$1,539,519$1,421,453$1,948,426
73$2,165,416$1,575,698$1,429,814$2,067,979
74$2,345,794$1,612,412$1,437,218$2,197,810
75$2,543,295$1,649,650$1,443,595$2,338,927
76$2,759,625$1,687,398$1,448,870$2,492,443
77$2,996,664$1,725,637$1,452,964$2,659,584
78$3,256,481$1,764,350$1,455,795$2,841,699
79$3,541,355$1,803,516$1,457,277$3,040,276
80$3,853,797$1,843,112$1,457,319$3,256,955
81$4,196,571$1,883,112$1,455,827$3,493,541
82$4,572,723$1,923,486$1,452,699$3,752,025
83$4,985,608$1,964,205$1,447,832$4,034,599
84$5,438,922$2,005,232$1,441,115$4,343,680
85$5,936,733$2,046,530$1,432,434$4,681,931
86$6,483,528$2,088,057$1,421,668$5,052,286
87$7,084,244$2,129,769$1,408,691$5,457,980
88$7,744,325$2,171,615$1,393,370$5,902,577
89$8,469,765$2,213,543$1,375,566$6,390,004
90$9,267,168$2,255,494$1,355,135$6,924,589
91$10,143,812$2,297,406$1,331,925$7,511,103
92$11,107,712$2,339,210$1,305,775$8,154,804
93$12,167,700$2,380,833$1,276,521$8,861,484
94$13,333,508$2,422,196$1,243,987$9,637,531
95$14,615,857$2,463,214$1,207,991$10,489,980
96$16,026,558$2,503,796$1,168,343$11,426,588
97$17,578,627$2,543,843$1,124,843$12,455,903
98$19,286,405$2,583,248$1,077,282$13,587,345
99$21,165,690$2,621,899$1,025,443$14,831,298
100$23,233,893$2,659,675$969,098$16,199,203