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%16.3%
1 years$123,043$121,947$120,878$119,834$118,815$115,755
2 years$60,912$59,778$58,678$57,612$56,578$53,516
3 years$40,205$39,065$37,969$36,913$35,896$32,926
4 years$29,853$28,717$27,632$26,594$25,601$22,748
5 years$23,644$22,515$21,443$20,426$19,462$16,732
6 years$19,505$18,385$17,329$16,335$15,399$12,797
7 years$16,551$15,440$14,401$13,430$12,524$10,048
8 years$14,336$13,235$12,213$11,266$10,390$8,040
9 years$12,614$11,523$10,519$9,596$8,750$6,523
10 years$11,237$10,157$9,171$8,272$7,455$5,350
11 years$10,111$9,042$8,074$7,199$6,412$4,424
12 years$9,174$8,116$7,165$6,315$5,556$3,683
13 years$8,381$7,334$6,402$5,575$4,845$3,083
14 years$7,703$6,667$5,752$4,949$4,247$2,591
15 years$7,115$6,090$5,193$4,413$3,740$2,186
16 years$6,601$5,588$4,708$3,952$3,305$1,850
17 years$6,148$5,146$4,284$3,551$2,930$1,569
18 years$5,746$4,755$3,911$3,200$2,606$1,333
19 years$5,387$4,407$3,580$2,891$2,322$1,135
20 years$5,064$4,095$3,286$2,619$2,074$968
21 years$4,772$3,815$3,022$2,377$1,856$826
22 years$4,507$3,561$2,786$2,161$1,664$706
23 years$4,266$3,330$2,572$1,968$1,494$604
24 years$4,045$3,120$2,379$1,795$1,343$517
25 years$3,841$2,928$2,203$1,639$1,208$443
26 years$3,654$2,752$2,043$1,499$1,088$380
27 years$3,481$2,590$1,897$1,372$981$325
28 years$3,321$2,441$1,764$1,257$885$279
29 years$3,172$2,302$1,641$1,153$799$240
30 years$3,033$2,174$1,529$1,058$722$206
31 years$2,903$2,055$1,425$972$653$177
32 years$2,782$1,945$1,330$893$591$152
33 years$2,668$1,842$1,242$821$535$130
34 years$2,562$1,746$1,160$755$484$112
35 years$2,461$1,656$1,085$695$438$96
36 years$2,366$1,572$1,015$640$397$83
37 years$2,277$1,493$950$590$360$71
38 years$2,193$1,418$889$544$326$61
39 years$2,113$1,349$833$502$296$52
40 years$2,037$1,283$781$463$268$45
41 years$1,965$1,222$732$427$244$39
42 years$1,897$1,163$687$394$221$33
43 years$1,832$1,108$645$364$201$29
44 years$1,770$1,057$605$336$182$25
45 years$1,711$1,008$568$310$165$21
46 years$1,655$961$534$286$150$18
47 years$1,602$917$501$265$136$16
48 years$1,551$876$471$244$124$13
49 years$1,502$836$443$226$112$12
50 years$1,455$799$416$209$102$10

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 $5,558 every year, while hoping to spend $36,468 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: 47/47/6 Blend
67$1,490,000$1,490,000$1,490,000$1,490,000
68$1,647,713$1,568,743$1,545,648$1,722,281
69$1,776,978$1,606,810$1,558,626$1,812,056
70$1,918,206$1,645,520$1,570,816$1,905,133
71$2,072,578$1,684,865$1,582,153$2,005,283
72$2,241,396$1,724,839$1,592,570$2,113,169
73$2,426,092$1,765,429$1,601,995$2,229,525
74$2,628,243$1,806,625$1,610,351$2,355,157
75$2,849,586$1,848,412$1,617,561$2,490,953
76$3,092,034$1,890,774$1,623,539$2,637,891
77$3,357,694$1,933,694$1,628,199$2,797,047
78$3,648,884$1,977,150$1,631,449$2,969,607
79$3,968,159$2,021,120$1,633,192$3,156,877
80$4,318,334$2,065,578$1,633,327$3,360,295
81$4,702,508$2,110,494$1,631,747$3,581,447
82$5,124,093$2,155,839$1,628,340$3,822,077
83$5,586,852$2,201,576$1,622,991$4,084,110
84$6,094,925$2,247,667$1,615,575$4,369,664
85$6,652,875$2,294,071$1,605,965$4,681,073
86$7,265,729$2,340,741$1,594,025$5,020,910
87$7,939,023$2,387,626$1,579,614$5,392,010
88$8,678,857$2,434,674$1,562,585$5,797,495
89$9,491,950$2,481,823$1,542,782$6,240,807
90$10,385,707$2,529,010$1,520,043$6,725,740
91$11,368,282$2,576,164$1,494,197$7,256,472
92$12,448,662$2,623,212$1,465,068$7,837,610
93$13,636,746$2,670,070$1,432,468$8,474,229
94$14,943,442$2,716,651$1,396,204$9,171,924
95$16,380,767$2,762,861$1,356,070$9,936,860
96$17,961,962$2,808,597$1,311,855$10,775,831
97$19,701,614$2,853,751$1,263,335$11,696,326
98$21,615,799$2,898,204$1,210,276$12,706,599
99$23,722,225$2,941,832$1,152,436$13,815,743
100$26,040,409$2,984,498$1,089,559$15,033,786