Can I retire at age 68 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$116,436$115,399$114,387$113,400$112,435$110,255
2 years$57,642$56,568$55,528$54,519$53,541$51,353
3 years$38,046$36,968$35,930$34,931$33,968$31,842
4 years$28,250$27,175$26,148$25,166$24,227$22,177
5 years$22,374$21,306$20,292$19,330$18,417$16,450
6 years$18,458$17,398$16,399$15,458$14,572$12,691
7 years$15,662$14,611$13,628$12,709$11,851$10,055
8 years$13,566$12,524$11,557$10,661$9,832$8,121
9 years$11,937$10,904$9,954$9,081$8,280$6,653
10 years$10,634$9,612$8,678$7,828$7,055$5,510
11 years$9,569$8,557$7,640$6,813$6,067$4,604
12 years$8,681$7,680$6,781$5,976$5,258$3,873
13 years$7,931$6,941$6,058$5,276$4,585$3,276
14 years$7,289$6,309$5,443$4,683$4,019$2,784
15 years$6,733$5,763$4,914$4,176$3,539$2,375
16 years$6,247$5,288$4,456$3,740$3,128$2,032
17 years$5,818$4,870$4,054$3,360$2,773$1,744
18 years$5,438$4,500$3,701$3,028$2,466$1,500
19 years$5,098$4,170$3,388$2,736$2,198$1,292
20 years$4,792$3,875$3,110$2,478$1,963$1,115
21 years$4,516$3,610$2,860$2,249$1,757$964
22 years$4,265$3,370$2,636$2,045$1,575$834
23 years$4,037$3,151$2,434$1,862$1,414$722
24 years$3,827$2,953$2,251$1,698$1,270$626
25 years$3,635$2,771$2,085$1,551$1,143$543
26 years$3,458$2,604$1,934$1,418$1,030$472
27 years$3,294$2,451$1,796$1,298$928$410
28 years$3,143$2,309$1,669$1,189$838$356
29 years$3,002$2,179$1,553$1,091$756$309
30 years$2,870$2,058$1,447$1,001$684$269
31 years$2,747$1,945$1,349$919$618$234
32 years$2,633$1,840$1,259$845$559$204
33 years$2,525$1,743$1,175$777$506$177
34 years$2,424$1,652$1,098$715$458$154
35 years$2,329$1,567$1,026$658$415$134
36 years$2,239$1,487$960$606$376$117
37 years$2,155$1,412$899$558$341$102
38 years$2,075$1,342$842$515$309$89
39 years$1,999$1,276$789$475$280$77
40 years$1,928$1,214$739$438$254$67
41 years$1,860$1,156$693$404$230$59
42 years$1,795$1,101$650$373$209$51
43 years$1,734$1,049$610$344$190$45
44 years$1,675$1,000$573$318$172$39
45 years$1,620$953$538$293$156$34
46 years$1,566$910$505$271$142$30
47 years$1,516$868$474$250$129$26
48 years$1,467$829$446$231$117$22
49 years$1,421$791$419$214$106$20
50 years$1,377$756$394$198$97$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,410,000, adding $4,736 every year, while hoping to spend $59,767 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: 54/25/21 Blend
67$1,410,000$1,410,000$1,410,000$1,410,000
68$1,558,705$1,483,975$1,462,120$1,633,695
69$1,654,101$1,493,098$1,447,510$1,694,777
70$1,757,225$1,500,665$1,430,406$1,754,565
71$1,868,801$1,506,537$1,410,664$1,818,371
72$1,989,626$1,510,565$1,388,129$1,886,595
73$2,120,578$1,512,592$1,362,640$1,959,685
74$2,262,618$1,512,450$1,334,030$2,038,132
75$2,416,807$1,509,963$1,302,123$2,122,484
76$2,584,311$1,504,941$1,266,734$2,213,344
77$2,766,412$1,497,183$1,227,670$2,311,381
78$2,964,519$1,486,479$1,184,730$2,417,335
79$3,180,186$1,472,602$1,137,704$2,532,025
80$3,415,118$1,455,313$1,086,371$2,656,357
81$3,671,197$1,434,360$1,030,501$2,791,333
82$3,950,489$1,409,473$969,853$2,938,061
83$4,255,271$1,380,370$904,175$3,097,766
84$4,588,049$1,346,748$833,205$3,271,805
85$4,951,580$1,308,289$756,667$3,461,675
86$5,348,901$1,264,655$674,276$3,669,033
87$5,783,355$1,215,489$585,730$3,895,709
88$6,258,623$1,160,414$490,717$4,143,727
89$6,778,757$1,099,028$388,911$4,415,323
90$7,348,220$1,030,911$279,969$4,712,968
91$7,971,926$955,613$163,536$5,039,392
92$8,655,287$872,663$39,239$5,397,611
93$9,404,263$781,560$0$5,790,956
94$10,225,418$681,776$0$6,244,037
95$11,125,981$572,754$0$6,750,733
96$12,113,915$453,903$0$7,306,824
97$13,197,990$324,600$0$7,917,365
98$14,387,867$184,188$0$8,587,934
99$15,694,188$31,972$0$9,324,678
100$17,128,675$0$0$10,134,381