Can I retire at age 68 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$111,482$110,489$109,520$108,574$107,651$105,477
2 years$55,189$54,161$53,165$52,199$51,262$49,082
3 years$36,427$35,395$34,401$33,445$32,523$30,404
4 years$27,048$26,019$25,035$24,095$23,196$21,154
5 years$21,422$20,399$19,428$18,507$17,633$15,675
6 years$17,673$16,657$15,701$14,800$13,952$12,080
7 years$14,996$13,989$13,048$12,168$11,347$9,560
8 years$12,989$11,991$11,065$10,208$9,413$7,712
9 years$11,429$10,440$9,531$8,695$7,927$6,311
10 years$10,181$9,203$8,309$7,495$6,755$5,220
11 years$9,161$8,193$7,315$6,523$5,809$4,356
12 years$8,312$7,353$6,492$5,721$5,034$3,659
13 years$7,594$6,645$5,800$5,051$4,390$3,092
14 years$6,979$6,040$5,211$4,484$3,848$2,624
15 years$6,446$5,518$4,705$3,999$3,388$2,235
16 years$5,981$5,063$4,266$3,580$2,994$1,910
17 years$5,571$4,662$3,882$3,217$2,655$1,637
18 years$5,206$4,308$3,544$2,899$2,361$1,405
19 years$4,881$3,993$3,244$2,620$2,104$1,209
20 years$4,588$3,710$2,977$2,373$1,880$1,042
21 years$4,324$3,456$2,738$2,153$1,682$899
22 years$4,084$3,226$2,524$1,958$1,508$777
23 years$3,865$3,017$2,330$1,783$1,353$672
24 years$3,665$2,827$2,155$1,626$1,216$581
25 years$3,481$2,653$1,996$1,485$1,095$504
26 years$3,311$2,493$1,851$1,358$986$436
27 years$3,154$2,347$1,719$1,243$889$378
28 years$3,009$2,211$1,598$1,139$802$328
29 years$2,874$2,086$1,487$1,044$724$285
30 years$2,748$1,970$1,385$958$654$247
31 years$2,631$1,862$1,291$880$592$215
32 years$2,521$1,762$1,205$809$535$187
33 years$2,418$1,669$1,125$744$484$162
34 years$2,321$1,582$1,051$684$439$141
35 years$2,230$1,500$983$630$397$123
36 years$2,144$1,424$919$580$360$107
37 years$2,063$1,352$861$535$326$93
38 years$1,987$1,285$806$493$296$81
39 years$1,914$1,222$755$454$268$70
40 years$1,846$1,163$708$419$243$61
41 years$1,781$1,107$664$387$221$53
42 years$1,719$1,054$622$357$200$46
43 years$1,660$1,004$584$329$182$40
44 years$1,604$957$548$304$165$35
45 years$1,551$913$515$281$150$30
46 years$1,500$871$484$259$136$26
47 years$1,451$831$454$240$123$23
48 years$1,405$793$427$222$112$20
49 years$1,361$758$401$205$102$17
50 years$1,318$724$377$189$92$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,350,000, adding $2,299 every year, while hoping to spend $55,809 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: 69/26/5 Blend
67$1,350,000$1,350,000$1,350,000$1,350,000
68$1,490,071$1,418,521$1,397,596$1,591,928
69$1,582,678$1,428,649$1,385,036$1,669,693
70$1,682,861$1,437,402$1,370,183$1,747,649
71$1,791,332$1,444,654$1,352,904$1,831,377
72$1,908,878$1,450,272$1,333,056$1,921,431
73$2,036,360$1,454,112$1,310,490$2,018,422
74$2,174,728$1,456,022$1,285,051$2,123,020
75$2,325,025$1,455,842$1,256,575$2,235,968
76$2,488,400$1,453,401$1,224,892$2,358,082
77$2,666,114$1,448,515$1,189,824$2,490,265
78$2,859,559$1,440,993$1,151,184$2,633,512
79$3,070,262$1,430,630$1,108,777$2,788,918
80$3,299,906$1,417,208$1,062,398$2,957,693
81$3,550,343$1,400,498$1,011,835$3,141,173
82$3,823,610$1,380,254$956,864$3,340,829
83$4,121,951$1,356,220$897,252$3,558,283
84$4,447,836$1,328,121$832,755$3,795,328
85$4,803,983$1,295,666$763,120$4,053,937
86$5,193,384$1,258,548$688,080$4,336,289
87$5,619,335$1,216,443$607,356$4,644,787
88$6,085,464$1,169,006$520,660$4,982,082
89$6,595,767$1,115,873$427,687$5,351,096
90$7,154,642$1,056,657$328,122$5,755,053
91$7,766,935$990,953$221,633$6,197,509
92$8,437,981$918,329$107,877$6,682,387
93$9,173,657$838,328$0$7,214,012
94$9,980,434$750,471$0$7,797,876
95$10,865,441$654,246$0$8,444,708
96$11,836,530$549,118$0$9,154,570
97$12,902,348$434,517$0$9,933,884
98$14,072,422$309,842$0$10,789,729
99$15,357,245$174,461$0$11,729,911
100$16,768,378$27,703$0$12,763,039