Can I retire at age 68 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$114,785$113,762$112,765$111,791$110,841$106,993
2 years$56,824$55,766$54,740$53,746$52,781$48,945
3 years$37,507$36,444$35,421$34,435$33,487$29,782
4 years$27,850$26,790$25,777$24,809$23,883$20,338
5 years$22,057$21,004$20,004$19,056$18,155$14,779
6 years$18,196$17,151$16,166$15,239$14,366$11,162
7 years$15,440$14,403$13,434$12,529$11,683$8,650
8 years$13,374$12,346$11,393$10,510$9,692$6,828
9 years$11,767$10,750$9,813$8,952$8,162$5,463
10 years$10,483$9,475$8,555$7,717$6,955$4,416
11 years$9,433$8,435$7,532$6,716$5,981$3,598
12 years$8,558$7,571$6,684$5,891$5,183$2,950
13 years$7,819$6,842$5,972$5,201$4,520$2,431
14 years$7,186$6,219$5,366$4,617$3,962$2,011
15 years$6,637$5,681$4,845$4,117$3,489$1,669
16 years$6,158$5,213$4,392$3,687$3,083$1,389
17 years$5,736$4,801$3,997$3,312$2,734$1,159
18 years$5,361$4,436$3,649$2,985$2,431$968
19 years$5,025$4,111$3,340$2,697$2,167$810
20 years$4,724$3,820$3,065$2,443$1,935$679
21 years$4,452$3,559$2,820$2,217$1,732$569
22 years$4,205$3,322$2,599$2,016$1,552$478
23 years$3,979$3,107$2,399$1,836$1,393$401
24 years$3,773$2,911$2,219$1,674$1,252$337
25 years$3,584$2,732$2,055$1,529$1,127$284
26 years$3,409$2,567$1,906$1,398$1,015$239
27 years$3,248$2,416$1,770$1,280$915$201
28 years$3,098$2,277$1,646$1,173$826$169
29 years$2,959$2,148$1,531$1,075$746$142
30 years$2,829$2,028$1,426$987$674$120
31 years$2,709$1,918$1,330$906$609$101
32 years$2,595$1,814$1,241$833$551$85
33 years$2,489$1,718$1,158$766$499$72
34 years$2,390$1,628$1,082$705$452$60
35 years$2,296$1,545$1,012$649$409$51
36 years$2,208$1,466$947$597$371$43
37 years$2,124$1,392$886$551$336$36
38 years$2,046$1,323$830$507$304$31
39 years$1,971$1,258$777$468$276$26
40 years$1,900$1,197$729$432$250$22
41 years$1,833$1,140$683$398$227$18
42 years$1,770$1,085$641$367$206$15
43 years$1,709$1,034$601$339$187$13
44 years$1,652$986$565$313$170$11
45 years$1,597$940$530$289$154$9
46 years$1,544$897$498$267$140$8
47 years$1,494$856$468$247$127$7
48 years$1,447$817$440$228$115$6
49 years$1,401$780$413$211$105$5
50 years$1,357$745$388$195$95$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,390,000, adding $3,450 every year, while hoping to spend $59,041 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: 40/36/24 Blend
67$1,390,000$1,390,000$1,390,000$1,390,000
68$1,535,339$1,461,669$1,440,124$1,585,734
69$1,629,124$1,470,471$1,425,549$1,631,196
70$1,730,497$1,477,726$1,408,507$1,674,525
71$1,840,168$1,483,296$1,388,852$1,720,232
72$1,958,921$1,487,033$1,366,434$1,768,569
73$2,087,615$1,488,781$1,341,094$1,819,817
74$2,227,195$1,488,375$1,312,664$1,874,287
75$2,378,701$1,485,638$1,280,971$1,932,330
76$2,543,278$1,480,384$1,245,833$1,994,334
77$2,722,183$1,472,413$1,207,059$2,060,732
78$2,916,801$1,461,516$1,164,450$2,132,004
79$3,128,653$1,447,469$1,117,798$2,208,686
80$3,359,416$1,430,036$1,066,884$2,291,373
81$3,610,934$1,408,964$1,011,482$2,380,728
82$3,885,235$1,383,990$951,353$2,477,485
83$4,184,554$1,354,830$886,248$2,582,461
84$4,511,348$1,321,186$815,907$2,696,563
85$4,868,325$1,282,744$740,059$2,820,796
86$5,258,462$1,239,167$658,420$2,956,279
87$5,685,042$1,190,102$570,693$3,104,250
88$6,151,674$1,135,175$476,569$3,266,082
89$6,662,336$1,073,990$375,725$3,443,299
90$7,221,405$1,006,126$267,823$3,637,590
91$7,833,705$931,143$152,511$3,850,825
92$8,504,544$848,570$29,421$4,085,077
93$9,239,770$757,912$0$4,342,642
94$10,045,824$658,647$0$4,652,165
95$10,929,798$550,222$0$5,000,095
96$11,899,506$432,051$0$5,382,112
97$12,963,553$303,518$0$5,801,775
98$14,131,416$163,972$0$6,263,015
99$15,413,538$12,724$0$6,770,173
100$16,821,419$0$0$7,328,045