Can I retire at age 68 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$115,611$114,581$113,576$112,596$111,638$109,072
2 years$57,233$56,167$55,134$54,132$53,161$50,590
3 years$37,776$36,706$35,675$34,683$33,727$31,232
4 years$28,050$26,983$25,963$24,987$24,055$21,654
5 years$22,216$21,155$20,148$19,193$18,286$15,986
6 years$18,327$17,274$16,283$15,349$14,469$12,273
7 years$15,551$14,507$13,531$12,619$11,767$9,675
8 years$13,470$12,435$11,475$10,586$9,762$7,773
9 years$11,852$10,827$9,884$9,017$8,221$6,333
10 years$10,558$9,544$8,617$7,772$7,005$5,217
11 years$9,501$8,496$7,586$6,764$6,024$4,333
12 years$8,620$7,626$6,732$5,933$5,221$3,624
13 years$7,875$6,891$6,015$5,238$4,552$3,047
14 years$7,237$6,264$5,405$4,650$3,991$2,574
15 years$6,685$5,722$4,880$4,147$3,514$2,182
16 years$6,203$5,250$4,424$3,713$3,105$1,856
17 years$5,777$4,835$4,026$3,336$2,753$1,582
18 years$5,399$4,468$3,675$3,007$2,448$1,351
19 years$5,062$4,141$3,364$2,717$2,182$1,157
20 years$4,758$3,848$3,088$2,460$1,949$991
21 years$4,484$3,584$2,840$2,233$1,744$851
22 years$4,235$3,346$2,617$2,030$1,563$731
23 years$4,008$3,129$2,417$1,849$1,403$629
24 years$3,800$2,932$2,235$1,686$1,261$541
25 years$3,609$2,751$2,070$1,540$1,135$466
26 years$3,434$2,586$1,920$1,408$1,022$402
27 years$3,271$2,434$1,783$1,289$922$347
28 years$3,120$2,293$1,657$1,181$832$299
29 years$2,980$2,163$1,542$1,083$751$258
30 years$2,850$2,043$1,437$994$679$223
31 years$2,728$1,931$1,339$913$614$192
32 years$2,614$1,827$1,250$839$555$166
33 years$2,507$1,731$1,167$771$502$144
34 years$2,407$1,640$1,090$710$455$124
35 years$2,312$1,556$1,019$653$412$107
36 years$2,224$1,477$953$602$373$93
37 years$2,140$1,402$892$554$338$80
38 years$2,060$1,333$836$511$307$69
39 years$1,985$1,267$783$471$278$60
40 years$1,914$1,206$734$435$252$52
41 years$1,847$1,148$688$401$229$45
42 years$1,782$1,093$646$370$208$39
43 years$1,721$1,042$606$342$188$33
44 years$1,663$993$569$315$171$29
45 years$1,608$947$534$291$155$25
46 years$1,555$903$501$269$141$22
47 years$1,505$862$471$249$128$19
48 years$1,457$823$443$230$116$16
49 years$1,411$786$416$212$106$14
50 years$1,367$751$391$196$96$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,400,000, adding $3,063 every year, while hoping to spend $26,111 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: 81/10/9 Blend
67$1,400,000$1,400,000$1,400,000$1,400,000
68$1,545,959$1,471,759$1,450,059$1,668,933
69$1,675,865$1,516,094$1,470,855$1,794,276
70$1,818,147$1,561,725$1,491,471$1,928,063
71$1,974,038$1,608,690$1,511,876$2,074,121
72$2,144,899$1,657,025$1,532,033$2,233,664
73$2,332,227$1,706,768$1,551,904$2,408,031
74$2,537,672$1,757,958$1,571,451$2,598,693
75$2,763,051$1,810,634$1,590,631$2,807,272
76$3,010,364$1,864,837$1,609,399$3,035,556
77$3,281,816$1,920,608$1,627,708$3,285,511
78$3,579,834$1,977,991$1,645,510$3,559,305
79$3,907,093$2,037,029$1,662,750$3,859,325
80$4,266,540$2,097,766$1,679,375$4,188,199
81$4,661,419$2,160,248$1,695,326$4,548,826
82$5,095,306$2,224,523$1,710,542$4,944,394
83$5,572,139$2,290,637$1,724,957$5,378,420
84$6,096,259$2,358,639$1,738,505$5,854,776
85$6,672,445$2,428,581$1,751,113$6,377,727
86$7,305,965$2,500,512$1,762,706$6,951,974
87$8,002,622$2,574,485$1,773,204$7,582,694
88$8,768,807$2,650,553$1,782,525$8,275,592
89$9,611,567$2,728,771$1,790,581$9,036,953
90$10,538,660$2,809,194$1,797,279$9,873,702
91$11,558,639$2,891,880$1,802,523$10,793,468
92$12,680,924$2,976,886$1,806,211$11,804,659
93$13,915,896$3,064,271$1,808,237$12,916,537
94$15,274,993$3,154,096$1,808,488$14,139,307
95$16,770,817$3,246,422$1,806,848$15,484,214
96$18,417,256$3,341,312$1,803,193$16,963,650
97$20,229,610$3,438,830$1,797,394$18,591,266
98$22,224,738$3,539,041$1,789,314$20,382,107
99$24,421,218$3,642,011$1,778,813$22,352,748
100$26,839,520$3,747,807$1,765,741$24,521,456