Can I retire at age 68 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$112,308$111,307$110,331$109,379$108,448$107,049
2 years$55,598$54,562$53,559$52,586$51,642$50,234
3 years$36,697$35,657$34,656$33,692$32,764$31,391
4 years$27,248$26,212$25,221$24,273$23,367$22,041
5 years$21,581$20,550$19,572$18,644$17,764$16,486
6 years$17,804$16,781$15,817$14,910$14,056$12,830
7 years$15,107$14,093$13,144$12,258$11,431$10,257
8 years$13,085$12,080$11,147$10,283$9,483$8,361
9 years$11,513$10,518$9,601$8,759$7,986$6,915
10 years$10,257$9,271$8,371$7,550$6,805$5,783
11 years$9,229$8,253$7,369$6,571$5,852$4,880
12 years$8,374$7,408$6,540$5,764$5,071$4,148
13 years$7,650$6,694$5,843$5,088$4,422$3,546
14 years$7,031$6,085$5,250$4,517$3,877$3,046
15 years$6,494$5,559$4,740$4,028$3,413$2,627
16 years$6,025$5,100$4,298$3,607$3,017$2,274
17 years$5,612$4,697$3,911$3,241$2,675$1,973
18 years$5,245$4,340$3,570$2,921$2,378$1,717
19 years$4,917$4,022$3,268$2,639$2,120$1,497
20 years$4,622$3,738$2,999$2,390$1,893$1,307
21 years$4,356$3,482$2,759$2,169$1,694$1,143
22 years$4,114$3,250$2,543$1,972$1,519$1,001
23 years$3,893$3,040$2,348$1,796$1,363$878
24 years$3,692$2,848$2,171$1,638$1,225$771
25 years$3,506$2,673$2,011$1,496$1,103$677
26 years$3,335$2,512$1,865$1,368$993$596
27 years$3,178$2,364$1,732$1,252$896$524
28 years$3,031$2,228$1,610$1,147$808$461
29 years$2,895$2,101$1,498$1,052$730$406
30 years$2,768$1,985$1,396$966$659$358
31 years$2,650$1,876$1,301$887$596$316
32 years$2,539$1,775$1,214$815$539$278
33 years$2,436$1,681$1,133$749$488$246
34 years$2,338$1,593$1,059$690$442$217
35 years$2,246$1,511$990$635$400$191
36 years$2,160$1,434$926$585$363$169
37 years$2,078$1,362$867$539$329$149
38 years$2,001$1,295$812$496$298$132
39 years$1,928$1,231$761$458$270$116
40 years$1,859$1,171$713$422$245$103
41 years$1,794$1,115$668$390$222$91
42 years$1,731$1,062$627$360$202$80
43 years$1,672$1,012$588$332$183$71
44 years$1,616$964$552$306$166$63
45 years$1,562$920$519$283$151$55
46 years$1,511$877$487$261$137$49
47 years$1,462$837$458$242$124$43
48 years$1,415$799$430$223$113$38
49 years$1,371$763$404$206$103$34
50 years$1,328$729$380$191$93$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,360,000, adding $3,979 every year, while hoping to spend $47,614 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: 76/14/10 Blend
67$1,360,000$1,360,000$1,360,000$1,360,000
68$1,502,824$1,430,744$1,409,664$1,614,093
69$1,605,451$1,450,190$1,406,227$1,707,351
70$1,716,951$1,468,992$1,401,079$1,803,103
71$1,838,177$1,487,070$1,394,112$1,906,711
72$1,970,070$1,504,336$1,385,214$2,018,940
73$2,113,665$1,520,696$1,374,267$2,140,628
74$2,270,100$1,536,051$1,361,146$2,272,703
75$2,440,628$1,550,296$1,345,722$2,416,185
76$2,626,628$1,563,316$1,327,859$2,572,198
77$2,829,617$1,574,991$1,307,415$2,741,981
78$3,051,265$1,585,193$1,284,241$2,926,899
79$3,293,412$1,593,785$1,258,181$3,128,455
80$3,558,082$1,600,623$1,229,072$3,348,308
81$3,847,503$1,605,550$1,196,743$3,588,284
82$4,164,130$1,608,404$1,161,016$3,850,395
83$4,510,665$1,609,010$1,121,704$4,136,861
84$4,890,083$1,607,181$1,078,611$4,450,125
85$5,305,661$1,602,722$1,031,533$4,792,882
86$5,761,006$1,595,423$980,257$5,168,101
87$6,260,093$1,585,063$924,560$5,579,056
88$6,807,297$1,571,406$864,208$6,029,352
89$7,407,440$1,554,204$798,958$6,522,966
90$8,065,830$1,533,191$728,554$7,064,279
91$8,788,315$1,508,088$652,731$7,658,121
92$9,581,337$1,478,597$571,210$8,309,813
93$10,451,989$1,444,405$483,702$9,025,222
94$11,408,090$1,405,178$389,904$9,810,815
95$12,458,247$1,360,564$289,497$10,673,717
96$13,611,946$1,310,189$182,153$11,621,785
97$14,879,635$1,253,659$67,526$12,663,675
98$16,272,826$1,190,557$0$13,808,930
99$17,804,200$1,120,439$0$15,073,914
100$19,487,727$1,042,840$0$16,472,443