Can I retire at age 68 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$124,694$123,584$122,500$121,442$120,410$116,369
2 years$61,730$60,580$59,466$58,386$57,338$53,307
3 years$40,744$39,590$38,478$37,408$36,377$32,483
4 years$30,254$29,103$28,002$26,951$25,945$22,216
5 years$23,961$22,817$21,731$20,701$19,723$16,170
6 years$19,767$18,632$17,562$16,554$15,606$12,232
7 years$16,773$15,647$14,594$13,610$12,692$9,496
8 years$14,528$13,412$12,377$11,417$10,529$7,509
9 years$12,783$11,678$10,660$9,725$8,867$6,019
10 years$11,388$10,293$9,294$8,383$7,555$4,875
11 years$10,247$9,164$8,182$7,296$6,498$3,980
12 years$9,297$8,225$7,261$6,399$5,631$3,270
13 years$8,494$7,433$6,488$5,650$4,910$2,700
14 years$7,806$6,756$5,829$5,015$4,304$2,238
15 years$7,211$6,172$5,263$4,473$3,790$1,862
16 years$6,690$5,663$4,772$4,005$3,349$1,553
17 years$6,231$5,215$4,342$3,598$2,970$1,298
18 years$5,823$4,819$3,964$3,243$2,641$1,087
19 years$5,459$4,466$3,629$2,930$2,354$912
20 years$5,132$4,150$3,330$2,654$2,102$765
21 years$4,836$3,866$3,063$2,408$1,881$643
22 years$4,568$3,608$2,823$2,190$1,686$541
23 years$4,323$3,375$2,607$1,994$1,514$456
24 years$4,099$3,162$2,411$1,819$1,361$384
25 years$3,893$2,967$2,233$1,661$1,224$324
26 years$3,703$2,789$2,071$1,519$1,103$273
27 years$3,528$2,625$1,923$1,390$994$230
28 years$3,365$2,473$1,788$1,274$897$194
29 years$3,214$2,333$1,664$1,168$810$164
30 years$3,074$2,204$1,549$1,072$732$139
31 years$2,942$2,083$1,445$985$662$117
32 years$2,819$1,971$1,348$905$599$99
33 years$2,704$1,867$1,258$832$542$83
34 years$2,596$1,769$1,176$766$491$71
35 years$2,494$1,678$1,099$705$444$60
36 years$2,398$1,593$1,028$649$403$50
37 years$2,308$1,513$963$598$365$43
38 years$2,222$1,438$901$551$331$36
39 years$2,141$1,367$844$508$300$30
40 years$2,064$1,301$792$469$272$26
41 years$1,992$1,238$742$433$247$22
42 years$1,922$1,179$696$399$224$18
43 years$1,857$1,123$653$368$203$15
44 years$1,794$1,071$613$340$184$13
45 years$1,734$1,021$576$314$167$11
46 years$1,678$974$541$290$152$9
47 years$1,623$930$508$268$138$8
48 years$1,571$887$477$248$125$7
49 years$1,522$847$449$229$114$6
50 years$1,474$809$422$212$103$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,510,000, adding $2,942 every year, while hoping to spend $30,630 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: 56/31/13 Blend
67$1,510,000$1,510,000$1,510,000$1,510,000
68$1,667,055$1,587,025$1,563,620$1,754,705
69$1,804,504$1,632,199$1,583,411$1,859,608
70$1,954,947$1,678,560$1,602,838$1,970,214
71$2,119,676$1,726,134$1,621,858$2,089,979
72$2,300,115$1,774,946$1,640,422$2,219,783
73$2,497,832$1,825,024$1,658,482$2,360,596
74$2,714,554$1,876,394$1,675,984$2,513,485
75$2,952,183$1,929,081$1,692,874$2,679,625
76$3,212,814$1,983,114$1,709,093$2,860,310
77$3,498,753$2,038,519$1,724,580$3,056,965
78$3,812,543$2,095,324$1,739,271$3,271,157
79$4,156,982$2,153,554$1,753,096$3,504,615
80$4,535,154$2,213,238$1,765,984$3,759,240
81$4,950,455$2,274,402$1,777,861$4,037,127
82$5,406,628$2,337,074$1,788,645$4,340,584
83$5,907,794$2,401,281$1,798,255$4,672,152
84$6,458,494$2,467,049$1,806,602$5,034,630
85$7,063,731$2,534,405$1,813,593$5,431,102
86$7,729,016$2,603,375$1,819,133$5,864,965
87$8,460,421$2,673,985$1,823,119$6,339,960
88$9,264,635$2,746,262$1,825,444$6,860,210
89$10,149,028$2,820,229$1,825,997$7,430,256
90$11,121,720$2,895,911$1,824,659$8,055,102
91$12,191,658$2,973,334$1,821,308$8,740,259
92$13,368,698$3,052,518$1,815,813$9,491,802
93$14,663,702$3,133,488$1,808,039$10,316,421
94$16,088,635$3,216,264$1,797,844$11,221,490
95$17,656,682$3,300,868$1,785,078$12,215,131
96$19,382,370$3,387,317$1,769,585$13,306,295
97$21,281,707$3,475,631$1,751,201$14,504,845
98$23,372,330$3,565,826$1,729,755$15,821,646
99$25,673,673$3,657,916$1,705,068$17,268,675
100$28,207,150$3,751,916$1,676,950$18,859,124