Can I retire at age 68 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$118,914$117,855$116,821$115,813$114,828$111,689
2 years$58,868$57,772$56,709$55,679$54,680$51,541
3 years$38,856$37,755$36,695$35,674$34,691$31,650
4 years$28,851$27,754$26,704$25,701$24,742$21,822
5 years$22,850$21,759$20,724$19,741$18,808$16,018
6 years$18,851$17,768$16,748$15,787$14,883$12,223
7 years$15,995$14,922$13,917$12,979$12,103$9,576
8 years$13,855$12,791$11,803$10,888$10,041$7,644
9 years$12,191$11,136$10,166$9,274$8,456$6,187
10 years$10,860$9,816$8,863$7,994$7,205$5,062
11 years$9,772$8,739$7,803$6,958$6,196$4,175
12 years$8,866$7,843$6,925$6,103$5,370$3,467
13 years$8,100$7,088$6,187$5,388$4,683$2,894
14 years$7,444$6,443$5,559$4,783$4,105$2,426
15 years$6,876$5,886$5,019$4,265$3,614$2,041
16 years$6,380$5,400$4,550$3,819$3,194$1,722
17 years$5,942$4,973$4,141$3,431$2,832$1,456
18 years$5,554$4,596$3,780$3,092$2,518$1,234
19 years$5,206$4,259$3,460$2,794$2,245$1,047
20 years$4,894$3,958$3,176$2,531$2,005$890
21 years$4,612$3,687$2,921$2,297$1,794$758
22 years$4,356$3,441$2,692$2,088$1,608$646
23 years$4,123$3,218$2,486$1,902$1,444$550
24 years$3,909$3,016$2,299$1,735$1,298$470
25 years$3,713$2,830$2,129$1,584$1,168$401
26 years$3,532$2,660$1,975$1,448$1,052$343
27 years$3,364$2,503$1,834$1,326$948$293
28 years$3,209$2,359$1,705$1,215$856$250
29 years$3,065$2,225$1,586$1,114$773$214
30 years$2,931$2,101$1,478$1,022$698$183
31 years$2,806$1,986$1,378$939$631$157
32 years$2,689$1,880$1,285$863$571$134
33 years$2,579$1,780$1,200$794$517$115
34 years$2,476$1,687$1,121$730$468$98
35 years$2,379$1,600$1,048$672$424$84
36 years$2,287$1,519$981$619$384$72
37 years$2,201$1,442$918$570$348$62
38 years$2,119$1,371$860$526$315$53
39 years$2,042$1,304$805$485$286$45
40 years$1,969$1,240$755$447$259$39
41 years$1,899$1,181$708$412$235$33
42 years$1,833$1,124$664$381$214$28
43 years$1,771$1,071$623$351$194$24
44 years$1,711$1,021$585$324$176$21
45 years$1,654$974$549$300$160$18
46 years$1,600$929$516$277$145$15
47 years$1,548$886$485$256$132$13
48 years$1,499$846$455$236$120$11
49 years$1,451$808$428$218$109$10
50 years$1,406$772$402$202$99$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,440,000, adding $6,496 every year, while hoping to spend $22,950 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: 33/50/17 Blend
67$1,440,000$1,440,000$1,440,000$1,440,000
68$1,593,581$1,517,261$1,494,941$1,637,550
69$1,731,707$1,567,188$1,520,603$1,720,464
70$1,883,154$1,618,792$1,546,355$1,807,179
71$2,049,254$1,672,132$1,572,177$1,900,147
72$2,231,478$1,727,267$1,598,045$1,999,930
73$2,431,445$1,784,259$1,623,936$2,107,146
74$2,650,938$1,843,173$1,649,823$2,222,471
75$2,891,921$1,904,076$1,675,679$2,346,650
76$3,156,558$1,967,036$1,701,475$2,480,502
77$3,447,231$2,032,126$1,727,179$2,624,925
78$3,766,568$2,099,419$1,752,759$2,780,908
79$4,117,461$2,168,993$1,778,179$2,949,536
80$4,503,095$2,240,927$1,803,401$3,132,004
81$4,926,982$2,315,304$1,828,387$3,329,624
82$5,392,990$2,392,210$1,853,093$3,543,841
83$5,905,379$2,471,732$1,877,476$3,776,244
84$6,468,845$2,553,964$1,901,489$4,028,579
85$7,088,559$2,639,001$1,925,081$4,302,770
86$7,770,221$2,726,940$1,948,200$4,600,930
87$8,520,110$2,817,886$1,970,790$4,925,387
88$9,345,142$2,911,944$1,992,793$5,278,704
89$10,252,941$3,009,224$2,014,146$5,663,697
90$11,251,906$3,109,840$2,034,785$6,083,472
91$12,351,289$3,213,912$2,054,639$6,541,441
92$13,561,288$3,321,561$2,073,637$7,041,367
93$14,893,137$3,432,915$2,091,702$7,587,386
94$16,359,216$3,548,106$2,108,752$8,184,057
95$17,973,164$3,667,272$2,124,704$8,836,397
96$19,750,013$3,790,554$2,139,467$9,549,931
97$21,706,322$3,918,099$2,152,947$10,330,742
98$23,860,343$4,050,062$2,165,047$11,185,530
99$26,232,182$4,186,599$2,175,660$12,121,673
100$28,843,999$4,327,877$2,184,679$13,147,296