Can I retire at age 68 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$123,043$121,947$120,878$119,834$118,815$118,016
2 years$60,912$59,778$58,678$57,612$56,578$55,773
3 years$40,205$39,065$37,969$36,913$35,896$35,109
4 years$29,853$28,717$27,632$26,594$25,601$24,838
5 years$23,644$22,515$21,443$20,426$19,462$18,725
6 years$19,505$18,385$17,329$16,335$15,399$14,690
7 years$16,551$15,440$14,401$13,430$12,524$11,842
8 years$14,336$13,235$12,213$11,266$10,390$9,736
9 years$12,614$11,523$10,519$9,596$8,750$8,124
10 years$11,237$10,157$9,171$8,272$7,455$6,856
11 years$10,111$9,042$8,074$7,199$6,412$5,840
12 years$9,174$8,116$7,165$6,315$5,556$5,010
13 years$8,381$7,334$6,402$5,575$4,845$4,325
14 years$7,703$6,667$5,752$4,949$4,247$3,752
15 years$7,115$6,090$5,193$4,413$3,740$3,269
16 years$6,601$5,588$4,708$3,952$3,305$2,858
17 years$6,148$5,146$4,284$3,551$2,930$2,507
18 years$5,746$4,755$3,911$3,200$2,606$2,204
19 years$5,387$4,407$3,580$2,891$2,322$1,943
20 years$5,064$4,095$3,286$2,619$2,074$1,715
21 years$4,772$3,815$3,022$2,377$1,856$1,517
22 years$4,507$3,561$2,786$2,161$1,664$1,344
23 years$4,266$3,330$2,572$1,968$1,494$1,192
24 years$4,045$3,120$2,379$1,795$1,343$1,059
25 years$3,841$2,928$2,203$1,639$1,208$941
26 years$3,654$2,752$2,043$1,499$1,088$837
27 years$3,481$2,590$1,897$1,372$981$746
28 years$3,321$2,441$1,764$1,257$885$664
29 years$3,172$2,302$1,641$1,153$799$592
30 years$3,033$2,174$1,529$1,058$722$528
31 years$2,903$2,055$1,425$972$653$472
32 years$2,782$1,945$1,330$893$591$421
33 years$2,668$1,842$1,242$821$535$376
34 years$2,562$1,746$1,160$755$484$336
35 years$2,461$1,656$1,085$695$438$300
36 years$2,366$1,572$1,015$640$397$268
37 years$2,277$1,493$950$590$360$240
38 years$2,193$1,418$889$544$326$215
39 years$2,113$1,349$833$502$296$192
40 years$2,037$1,283$781$463$268$172
41 years$1,965$1,222$732$427$244$154
42 years$1,897$1,163$687$394$221$138
43 years$1,832$1,108$645$364$201$123
44 years$1,770$1,057$605$336$182$110
45 years$1,711$1,008$568$310$165$99
46 years$1,655$961$534$286$150$88
47 years$1,602$917$501$265$136$79
48 years$1,551$876$471$244$124$71
49 years$1,502$836$443$226$112$64
50 years$1,455$799$416$209$102$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,490,000, adding $4,586 every year, while hoping to spend $44,050 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: 45/48/7 Blend
67$1,490,000$1,490,000$1,490,000$1,490,000
68$1,646,710$1,567,740$1,544,645$1,717,400
69$1,767,806$1,597,691$1,549,522$1,796,588
70$1,899,777$1,627,633$1,553,086$1,877,472
71$2,043,686$1,657,518$1,555,246$1,964,151
72$2,200,703$1,687,298$1,555,908$2,057,171
73$2,372,116$1,716,916$1,554,972$2,157,136
74$2,559,341$1,746,314$1,552,333$2,264,713
75$2,763,939$1,775,429$1,547,881$2,380,634
76$2,987,628$1,804,192$1,541,502$2,505,711
77$3,232,299$1,832,530$1,533,075$2,640,834
78$3,500,034$1,860,365$1,522,474$2,786,987
79$3,793,126$1,887,612$1,509,565$2,945,257
80$4,114,100$1,914,180$1,494,212$3,116,840
81$4,465,737$1,939,974$1,476,267$3,303,056
82$4,851,100$1,964,890$1,455,579$3,505,359
83$5,273,559$1,988,817$1,431,988$3,725,357
84$5,736,831$2,011,637$1,405,328$3,964,818
85$6,245,005$2,033,225$1,375,424$4,225,697
86$6,802,588$2,053,446$1,342,093$4,510,147
87$7,414,543$2,072,156$1,305,144$4,820,543
88$8,086,338$2,089,202$1,264,378$5,159,505
89$8,823,994$2,104,423$1,219,584$5,529,923
90$9,634,146$2,117,644$1,170,545$5,934,983
91$10,524,101$2,128,681$1,117,031$6,378,202
92$11,501,911$2,137,338$1,058,803$6,863,454
93$12,576,445$2,143,407$995,612$7,395,015
94$13,757,474$2,146,665$927,196$7,977,601
95$15,055,761$2,146,877$853,282$8,616,412
96$16,483,168$2,143,793$773,586$9,317,181
97$18,052,759$2,137,146$687,809$10,086,234
98$19,778,930$2,126,656$595,640$10,930,545
99$21,677,541$2,112,022$496,754$11,857,804
100$23,766,067$2,092,928$390,812$12,876,494