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

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$118,914$117,855$116,821$115,813$114,828$112,972
2 years$58,868$57,772$56,709$55,679$54,680$52,815
3 years$38,856$37,755$36,695$35,674$34,691$32,876
4 years$28,851$27,754$26,704$25,701$24,742$22,990
5 years$22,850$21,759$20,724$19,741$18,808$17,125
6 years$18,851$17,768$16,748$15,787$14,883$13,269
7 years$15,995$14,922$13,917$12,979$12,103$10,561
8 years$13,855$12,791$11,803$10,888$10,041$8,569
9 years$12,191$11,136$10,166$9,274$8,456$7,053
10 years$10,860$9,816$8,863$7,994$7,205$5,871
11 years$9,772$8,739$7,803$6,958$6,196$4,929
12 years$8,866$7,843$6,925$6,103$5,370$4,168
13 years$8,100$7,088$6,187$5,388$4,683$3,545
14 years$7,444$6,443$5,559$4,783$4,105$3,029
15 years$6,876$5,886$5,019$4,265$3,614$2,598
16 years$6,380$5,400$4,550$3,819$3,194$2,236
17 years$5,942$4,973$4,141$3,431$2,832$1,929
18 years$5,554$4,596$3,780$3,092$2,518$1,669
19 years$5,206$4,259$3,460$2,794$2,245$1,446
20 years$4,894$3,958$3,176$2,531$2,005$1,256
21 years$4,612$3,687$2,921$2,297$1,794$1,092
22 years$4,356$3,441$2,692$2,088$1,608$951
23 years$4,123$3,218$2,486$1,902$1,444$828
24 years$3,909$3,016$2,299$1,735$1,298$723
25 years$3,713$2,830$2,129$1,584$1,168$631
26 years$3,532$2,660$1,975$1,448$1,052$551
27 years$3,364$2,503$1,834$1,326$948$482
28 years$3,209$2,359$1,705$1,215$856$422
29 years$3,065$2,225$1,586$1,114$773$369
30 years$2,931$2,101$1,478$1,022$698$323
31 years$2,806$1,986$1,378$939$631$283
32 years$2,689$1,880$1,285$863$571$248
33 years$2,579$1,780$1,200$794$517$217
34 years$2,476$1,687$1,121$730$468$190
35 years$2,379$1,600$1,048$672$424$167
36 years$2,287$1,519$981$619$384$146
37 years$2,201$1,442$918$570$348$128
38 years$2,119$1,371$860$526$315$113
39 years$2,042$1,304$805$485$286$99
40 years$1,969$1,240$755$447$259$87
41 years$1,899$1,181$708$412$235$76
42 years$1,833$1,124$664$381$214$67
43 years$1,771$1,071$623$351$194$58
44 years$1,711$1,021$585$324$176$51
45 years$1,654$974$549$300$160$45
46 years$1,600$929$516$277$145$40
47 years$1,548$886$485$256$132$35
48 years$1,499$846$455$236$120$30
49 years$1,451$808$428$218$109$27
50 years$1,406$772$402$202$99$23

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 $2,123 every year, while hoping to spend $45,112 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: 71/9/20 Blend
67$1,440,000$1,440,000$1,440,000$1,440,000
68$1,589,070$1,512,750$1,490,430$1,694,028
69$1,703,156$1,538,876$1,492,360$1,790,349
70$1,827,367$1,564,770$1,492,844$1,890,205
71$1,962,688$1,590,373$1,491,784$1,998,411
72$2,110,204$1,615,622$1,489,079$2,115,789
73$2,271,106$1,640,450$1,484,625$2,243,244
74$2,446,709$1,664,781$1,478,310$2,381,774
75$2,638,457$1,688,540$1,470,017$2,532,479
76$2,847,943$1,711,642$1,459,626$2,696,570
77$3,076,917$1,733,996$1,447,008$2,875,383
78$3,327,310$1,755,509$1,432,030$3,070,392
79$3,601,243$1,776,077$1,414,551$3,283,219
80$3,901,057$1,795,591$1,394,424$3,515,653
81$4,229,324$1,813,935$1,371,497$3,769,667
82$4,588,881$1,830,983$1,345,608$4,047,433
83$4,982,850$1,846,605$1,316,589$4,351,348
84$5,414,670$1,860,657$1,284,264$4,684,052
85$5,888,127$1,872,991$1,248,448$5,048,457
86$6,407,394$1,883,446$1,208,950$5,447,772
87$6,977,065$1,891,851$1,165,566$5,885,534
88$7,602,200$1,898,026$1,118,086$6,365,642
89$8,288,373$1,901,778$1,066,291$6,892,393
90$9,041,724$1,902,902$1,009,949$7,470,525
91$9,869,017$1,901,181$948,819$8,105,260
92$10,777,703$1,896,385$882,651$8,802,354
93$11,775,989$1,888,268$811,180$9,568,151
94$12,872,917$1,876,571$734,132$10,409,646
95$14,078,449$1,861,017$651,220$11,334,546
96$15,403,559$1,841,315$562,144$12,351,349
97$16,860,337$1,817,155$466,590$13,469,421
98$18,462,103$1,788,207$364,233$14,699,086
99$20,223,533$1,754,125$254,730$16,051,722
100$22,160,795$1,714,538$137,725$17,539,873