Can I retire at age 68 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$119,740$118,673$117,632$116,617$115,625$111,213
2 years$59,277$58,173$57,103$56,066$55,060$50,667
3 years$39,125$38,017$36,950$35,922$34,932$30,696
4 years$29,052$27,946$26,890$25,880$24,914$20,867
5 years$23,009$21,910$20,868$19,878$18,939$15,093
6 years$18,982$17,891$16,864$15,897$14,986$11,342
7 years$16,106$15,025$14,014$13,070$12,188$8,745
8 years$13,951$12,879$11,885$10,964$10,111$6,866
9 years$12,275$11,214$10,237$9,339$8,515$5,463
10 years$10,935$9,884$8,925$8,050$7,255$4,391
11 years$9,840$8,799$7,857$7,006$6,239$3,557
12 years$8,928$7,898$6,973$6,145$5,407$2,899
13 years$8,156$7,137$6,230$5,425$4,715$2,374
14 years$7,496$6,488$5,598$4,816$4,133$1,952
15 years$6,924$5,927$5,054$4,295$3,639$1,610
16 years$6,424$5,438$4,582$3,846$3,216$1,331
17 years$5,983$5,008$4,169$3,455$2,852$1,103
18 years$5,592$4,627$3,806$3,114$2,536$915
19 years$5,242$4,289$3,484$2,814$2,260$761
20 years$4,928$3,985$3,198$2,548$2,019$633
21 years$4,644$3,712$2,941$2,313$1,807$527
22 years$4,386$3,465$2,711$2,103$1,619$439
23 years$4,151$3,241$2,503$1,915$1,454$366
24 years$3,936$3,036$2,315$1,747$1,307$306
25 years$3,738$2,850$2,144$1,595$1,176$255
26 years$3,556$2,678$1,989$1,459$1,059$213
27 years$3,388$2,520$1,846$1,335$955$178
28 years$3,232$2,375$1,717$1,223$862$149
29 years$3,087$2,241$1,597$1,122$778$124
30 years$2,952$2,116$1,488$1,029$703$104
31 years$2,825$2,000$1,387$945$635$87
32 years$2,707$1,893$1,294$869$575$73
33 years$2,597$1,792$1,208$799$520$61
34 years$2,493$1,699$1,129$735$471$51
35 years$2,395$1,611$1,056$677$427$43
36 years$2,303$1,529$988$623$387$36
37 years$2,216$1,453$924$574$350$30
38 years$2,134$1,380$866$529$318$25
39 years$2,056$1,313$811$488$288$21
40 years$1,982$1,249$760$450$261$17
41 years$1,912$1,189$713$415$237$15
42 years$1,846$1,132$669$383$215$12
43 years$1,783$1,079$627$354$195$10
44 years$1,723$1,028$589$327$177$9
45 years$1,666$981$553$302$161$7
46 years$1,611$935$519$279$146$6
47 years$1,559$893$488$257$133$5
48 years$1,509$852$458$238$120$4
49 years$1,461$814$431$220$109$4
50 years$1,416$777$405$203$99$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,450,000, adding $6,820 every year, while hoping to spend $52,510 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: 34/49/17 Blend
67$1,450,000$1,450,000$1,450,000$1,450,000
68$1,604,935$1,528,085$1,505,610$1,650,863
69$1,712,768$1,547,091$1,500,178$1,704,131
70$1,829,840$1,565,268$1,492,803$1,756,157
71$1,957,038$1,582,521$1,483,367$1,811,142
72$2,095,338$1,598,746$1,471,742$1,869,378
73$2,245,813$1,613,835$1,457,795$1,931,188
74$2,409,644$1,627,671$1,441,390$1,996,930
75$2,588,131$1,640,130$1,422,379$2,067,002
76$2,782,703$1,651,080$1,400,612$2,141,845
77$2,994,936$1,660,379$1,375,929$2,221,948
78$3,226,560$1,667,878$1,348,163$2,307,855
79$3,479,484$1,673,419$1,317,141$2,400,167
80$3,755,805$1,676,831$1,282,680$2,499,553
81$4,057,837$1,677,935$1,244,589$2,606,753
82$4,388,122$1,676,539$1,202,668$2,722,586
83$4,749,462$1,672,442$1,156,710$2,847,961
84$5,144,942$1,665,426$1,106,495$2,983,886
85$5,577,959$1,655,265$1,051,795$3,131,476
86$6,052,253$1,641,715$992,372$3,291,965
87$6,571,943$1,624,519$927,977$3,466,722
88$7,141,566$1,603,405$858,348$3,657,260
89$7,766,117$1,578,084$783,215$3,865,256
90$8,451,101$1,548,250$702,292$4,092,563
91$9,202,577$1,513,578$615,283$4,341,235
92$10,027,222$1,473,726$521,877$4,613,542
93$10,932,389$1,428,329$421,751$4,911,995
94$11,926,179$1,377,003$314,565$5,239,372
95$13,017,514$1,319,340$199,968$5,598,746
96$14,216,223$1,254,911$77,590$5,993,514
97$15,533,134$1,183,258$0$6,427,430
98$16,980,177$1,103,901$0$6,914,262
99$18,570,492$1,016,329$0$7,464,626
100$20,318,556$920,003$0$8,069,582