Can I retire at age 68 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$120,565$119,492$118,444$117,421$116,422$115,159
2 years$59,686$58,574$57,497$56,452$55,439$54,167
3 years$39,395$38,279$37,204$36,170$35,173$33,931
4 years$29,252$28,139$27,075$26,058$25,086$23,884
5 years$23,168$22,061$21,011$20,015$19,070$17,912
6 years$19,113$18,015$16,980$16,006$15,089$13,977
7 years$16,217$15,129$14,111$13,160$12,272$11,205
8 years$14,047$12,968$11,967$11,039$10,180$9,160
9 years$12,360$11,291$10,307$9,403$8,573$7,598
10 years$11,011$9,953$8,986$8,106$7,305$6,374
11 years$9,908$8,860$7,911$7,054$6,283$5,396
12 years$8,989$7,952$7,021$6,188$5,444$4,601
13 years$8,213$7,187$6,273$5,463$4,748$3,946
14 years$7,548$6,532$5,636$4,849$4,162$3,401
15 years$6,972$5,968$5,089$4,325$3,664$2,943
16 years$6,468$5,475$4,614$3,872$3,238$2,556
17 years$6,025$5,042$4,198$3,479$2,871$2,226
18 years$5,631$4,659$3,832$3,135$2,553$1,943
19 years$5,279$4,318$3,508$2,833$2,276$1,700
20 years$4,962$4,013$3,220$2,566$2,033$1,491
21 years$4,676$3,738$2,962$2,329$1,819$1,309
22 years$4,416$3,489$2,730$2,117$1,631$1,151
23 years$4,180$3,263$2,520$1,928$1,464$1,013
24 years$3,963$3,057$2,331$1,759$1,316$893
25 years$3,764$2,869$2,159$1,606$1,184$787
26 years$3,581$2,697$2,002$1,469$1,066$695
27 years$3,411$2,538$1,859$1,344$961$614
28 years$3,254$2,391$1,728$1,232$867$543
29 years$3,108$2,256$1,608$1,129$783$480
30 years$2,972$2,131$1,498$1,037$708$425
31 years$2,845$2,014$1,397$952$640$376
32 years$2,726$1,906$1,303$875$579$333
33 years$2,615$1,805$1,217$805$524$295
34 years$2,510$1,710$1,137$740$474$261
35 years$2,412$1,622$1,063$681$430$232
36 years$2,319$1,540$994$628$389$205
37 years$2,231$1,463$931$578$353$182
38 years$2,149$1,390$872$533$320$161
39 years$2,070$1,322$817$491$290$143
40 years$1,996$1,257$765$453$263$127
41 years$1,926$1,197$718$418$239$113
42 years$1,859$1,140$673$386$217$100
43 years$1,795$1,086$632$356$197$89
44 years$1,735$1,035$593$329$178$79
45 years$1,677$987$557$304$162$70
46 years$1,622$942$523$281$147$62
47 years$1,570$899$491$259$134$55
48 years$1,519$858$462$240$121$49
49 years$1,471$819$434$221$110$43
50 years$1,425$783$408$205$100$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,460,000, adding $5,074 every year, while hoping to spend $49,800 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: 27/49/24 Blend
67$1,460,000$1,460,000$1,460,000$1,460,000
68$1,614,154$1,536,774$1,514,144$1,645,449
69$1,725,811$1,559,089$1,511,881$1,693,049
70$1,847,188$1,580,828$1,507,873$1,739,444
71$1,979,223$1,601,911$1,502,009$1,788,214
72$2,122,950$1,622,252$1,494,173$1,839,596
73$2,279,506$1,641,757$1,484,242$1,893,850
74$2,450,141$1,660,328$1,472,090$1,951,264
75$2,636,231$1,677,860$1,457,581$2,012,163
76$2,839,293$1,694,241$1,440,576$2,076,903
77$3,060,992$1,709,351$1,420,927$2,145,884
78$3,303,166$1,723,062$1,398,481$2,219,548
79$3,567,836$1,735,238$1,373,076$2,298,387
80$3,857,225$1,745,735$1,344,544$2,382,946
81$4,173,785$1,754,398$1,312,709$2,473,832
82$4,520,212$1,761,065$1,277,386$2,571,717
83$4,899,476$1,765,560$1,238,381$2,677,348
84$5,314,849$1,767,699$1,195,494$2,791,553
85$5,769,933$1,767,285$1,148,511$2,915,251
86$6,268,693$1,764,109$1,097,214$3,049,459
87$6,815,499$1,757,950$1,041,370$3,195,307
88$7,415,162$1,748,572$980,738$3,354,045
89$8,072,983$1,735,726$915,066$3,527,060
90$8,794,797$1,719,146$844,091$3,715,887
91$9,587,035$1,698,553$767,537$3,922,226
92$10,456,779$1,673,649$685,116$4,147,962
93$11,411,831$1,644,118$596,528$4,395,178
94$12,460,784$1,609,626$501,458$4,666,184
95$13,613,107$1,569,821$399,580$4,963,531
96$14,879,228$1,524,326$290,550$5,290,047
97$16,270,638$1,472,747$174,011$5,648,858
98$17,799,993$1,414,662$49,591$6,043,423
99$19,481,240$1,349,628$0$6,477,565
100$21,329,743$1,277,175$0$6,976,816