Can I retire at age 68 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$123,869$122,765$121,689$120,638$119,612$118,117
2 years$61,321$60,179$59,072$57,999$56,958$55,454
3 years$40,475$39,328$38,224$37,161$36,137$34,670
4 years$30,053$28,910$27,817$26,772$25,773$24,355
5 years$23,802$22,666$21,587$20,564$19,592$18,227
6 years$19,636$18,508$17,446$16,445$15,503$14,192
7 years$16,662$15,543$14,497$13,520$12,608$11,352
8 years$14,432$13,323$12,295$11,342$10,459$9,259
9 years$12,698$11,600$10,590$9,661$8,808$7,662
10 years$11,312$10,225$9,232$8,328$7,505$6,413
11 years$10,179$9,103$8,128$7,247$6,455$5,415
12 years$9,236$8,170$7,213$6,357$5,593$4,605
13 years$8,438$7,384$6,445$5,612$4,878$3,939
14 years$7,754$6,711$5,791$4,982$4,276$3,386
15 years$7,163$6,131$5,228$4,443$3,765$2,922
16 years$6,646$5,625$4,740$3,978$3,327$2,531
17 years$6,190$5,181$4,313$3,574$2,950$2,198
18 years$5,785$4,787$3,937$3,221$2,623$1,914
19 years$5,423$4,437$3,605$2,911$2,338$1,670
20 years$5,098$4,123$3,308$2,636$2,088$1,459
21 years$4,804$3,840$3,043$2,393$1,869$1,277
22 years$4,537$3,585$2,804$2,175$1,675$1,120
23 years$4,294$3,353$2,589$1,981$1,504$983
24 years$4,072$3,141$2,395$1,807$1,352$863
25 years$3,867$2,948$2,218$1,650$1,216$759
26 years$3,679$2,770$2,057$1,509$1,096$668
27 years$3,505$2,607$1,910$1,381$988$588
28 years$3,343$2,457$1,776$1,265$891$518
29 years$3,193$2,318$1,652$1,160$805$457
30 years$3,053$2,189$1,539$1,065$727$403
31 years$2,923$2,069$1,435$978$657$355
32 years$2,801$1,958$1,339$899$595$314
33 years$2,686$1,854$1,250$827$538$277
34 years$2,579$1,757$1,168$761$487$245
35 years$2,478$1,667$1,092$700$441$216
36 years$2,382$1,582$1,022$645$400$191
37 years$2,292$1,503$956$594$362$169
38 years$2,207$1,428$895$548$329$149
39 years$2,127$1,358$839$505$298$132
40 years$2,051$1,292$786$466$270$117
41 years$1,978$1,230$737$430$245$103
42 years$1,910$1,171$692$397$222$91
43 years$1,844$1,116$649$366$202$81
44 years$1,782$1,064$609$338$183$71
45 years$1,723$1,014$572$312$166$63
46 years$1,666$968$537$288$151$56
47 years$1,613$923$505$266$137$49
48 years$1,561$882$474$246$125$44
49 years$1,512$842$446$227$113$39
50 years$1,465$804$419$210$103$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,500,000, adding $3,886 every year, while hoping to spend $40,688 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: 35/49/16 Blend
67$1,500,000$1,500,000$1,500,000$1,500,000
68$1,657,008$1,577,508$1,554,258$1,706,715
69$1,782,732$1,611,515$1,563,034$1,777,215
70$1,919,915$1,645,823$1,570,741$1,849,124
71$2,069,684$1,680,407$1,577,298$1,925,842
72$2,233,279$1,715,234$1,582,625$2,007,817
73$2,412,064$1,750,270$1,586,633$2,095,544
74$2,607,541$1,785,480$1,589,232$2,189,568
75$2,821,364$1,820,823$1,590,325$2,290,490
76$3,055,354$1,856,255$1,589,813$2,398,975
77$3,311,518$1,891,728$1,587,588$2,515,754
78$3,592,062$1,927,192$1,583,542$2,641,633
79$3,899,419$1,962,592$1,577,558$2,777,504
80$4,236,267$1,997,866$1,569,513$2,924,348
81$4,605,555$2,032,950$1,559,281$3,083,249
82$5,010,532$2,067,775$1,546,727$3,255,402
83$5,454,776$2,102,266$1,531,712$3,442,125
84$5,942,228$2,136,341$1,514,089$3,644,873
85$6,477,228$2,169,915$1,493,704$3,865,250
86$7,064,558$2,202,894$1,470,396$4,105,027
87$7,709,486$2,235,178$1,443,997$4,366,155
88$8,417,813$2,266,661$1,414,330$4,650,789
89$9,195,931$2,297,229$1,381,211$4,961,304
90$10,050,881$2,326,759$1,344,447$5,300,323
91$10,990,421$2,355,120$1,303,836$5,670,736
92$12,023,096$2,382,173$1,259,167$6,075,733
93$13,158,321$2,407,768$1,210,218$6,518,833
94$14,406,468$2,431,747$1,156,758$7,003,915
95$15,778,965$2,453,940$1,098,547$7,535,261
96$17,288,402$2,474,166$1,035,331$8,117,593
97$18,948,652$2,492,232$966,847$8,756,118
98$20,774,997$2,507,934$892,819$9,456,581
99$22,784,277$2,521,054$812,959$10,225,316
100$24,995,046$2,531,358$726,966$11,069,311