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%11.3%
1 years$123,043$121,947$120,878$119,834$118,815$118,165
2 years$60,912$59,778$58,678$57,612$56,578$55,923
3 years$40,205$39,065$37,969$36,913$35,896$35,255
4 years$29,853$28,717$27,632$26,594$25,601$24,979
5 years$23,644$22,515$21,443$20,426$19,462$18,861
6 years$19,505$18,385$17,329$16,335$15,399$14,821
7 years$16,551$15,440$14,401$13,430$12,524$11,967
8 years$14,336$13,235$12,213$11,266$10,390$9,856
9 years$12,614$11,523$10,519$9,596$8,750$8,238
10 years$11,237$10,157$9,171$8,272$7,455$6,965
11 years$10,111$9,042$8,074$7,199$6,412$5,943
12 years$9,174$8,116$7,165$6,315$5,556$5,109
13 years$8,381$7,334$6,402$5,575$4,845$4,419
14 years$7,703$6,667$5,752$4,949$4,247$3,841
15 years$7,115$6,090$5,193$4,413$3,740$3,353
16 years$6,601$5,588$4,708$3,952$3,305$2,938
17 years$6,148$5,146$4,284$3,551$2,930$2,582
18 years$5,746$4,755$3,911$3,200$2,606$2,275
19 years$5,387$4,407$3,580$2,891$2,322$2,009
20 years$5,064$4,095$3,286$2,619$2,074$1,778
21 years$4,772$3,815$3,022$2,377$1,856$1,576
22 years$4,507$3,561$2,786$2,161$1,664$1,399
23 years$4,266$3,330$2,572$1,968$1,494$1,244
24 years$4,045$3,120$2,379$1,795$1,343$1,107
25 years$3,841$2,928$2,203$1,639$1,208$987
26 years$3,654$2,752$2,043$1,499$1,088$880
27 years$3,481$2,590$1,897$1,372$981$785
28 years$3,321$2,441$1,764$1,257$885$701
29 years$3,172$2,302$1,641$1,153$799$627
30 years$3,033$2,174$1,529$1,058$722$560
31 years$2,903$2,055$1,425$972$653$501
32 years$2,782$1,945$1,330$893$591$449
33 years$2,668$1,842$1,242$821$535$402
34 years$2,562$1,746$1,160$755$484$360
35 years$2,461$1,656$1,085$695$438$323
36 years$2,366$1,572$1,015$640$397$289
37 years$2,277$1,493$950$590$360$259
38 years$2,193$1,418$889$544$326$232
39 years$2,113$1,349$833$502$296$208
40 years$2,037$1,283$781$463$268$187
41 years$1,965$1,222$732$427$244$168
42 years$1,897$1,163$687$394$221$151
43 years$1,832$1,108$645$364$201$135
44 years$1,770$1,057$605$336$182$121
45 years$1,711$1,008$568$310$165$109
46 years$1,655$961$534$286$150$98
47 years$1,602$917$501$265$136$88
48 years$1,551$876$471$244$124$79
49 years$1,502$836$443$226$112$71
50 years$1,455$799$416$209$102$64

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 $2,072 every year, while hoping to spend $23,290 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: 52/41/7 Blend
67$1,490,000$1,490,000$1,490,000$1,490,000
68$1,644,117$1,565,147$1,542,052$1,726,698
69$1,787,037$1,617,059$1,568,931$1,834,899
70$1,943,754$1,670,734$1,595,929$1,949,801
71$2,115,650$1,726,234$1,623,026$2,074,196
72$2,304,250$1,783,623$1,650,201$2,208,982
73$2,511,230$1,842,967$1,677,429$2,355,148
74$2,738,439$1,904,335$1,704,686$2,513,780
75$2,987,911$1,967,799$1,731,945$2,686,073
76$3,261,889$2,033,432$1,759,176$2,873,343
77$3,562,843$2,101,312$1,786,350$3,077,035
78$3,893,494$2,171,517$1,813,434$3,298,741
79$4,256,839$2,244,131$1,840,393$3,540,211
80$4,656,182$2,319,238$1,867,190$3,803,372
81$5,095,159$2,396,927$1,893,788$4,090,344
82$5,577,779$2,477,291$1,920,144$4,403,460
83$6,108,459$2,560,424$1,946,215$4,745,290
84$6,692,062$2,646,426$1,971,954$5,118,660
85$7,333,951$2,735,398$1,997,312$5,526,682
86$8,040,030$2,827,449$2,022,238$5,972,784
87$8,816,806$2,922,687$2,046,677$6,460,737
88$9,671,450$3,021,228$2,070,570$6,994,694
89$10,611,860$3,123,190$2,093,856$7,579,231
90$11,646,740$3,228,697$2,116,471$8,219,382
91$12,785,681$3,337,877$2,138,346$8,920,693
92$14,039,249$3,450,862$2,159,410$9,689,272
93$15,419,089$3,567,791$2,179,586$10,531,845
94$16,938,029$3,688,805$2,198,795$11,455,819
95$18,610,206$3,814,055$2,216,953$12,469,354
96$20,451,197$3,943,693$2,233,971$13,581,435
97$22,478,166$4,077,881$2,249,755$14,801,959
98$24,710,025$4,216,783$2,264,208$16,141,830
99$27,167,615$4,360,573$2,277,226$17,613,057
100$29,873,899$4,509,429$2,288,702$19,228,867