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%18.2%
1 years$124,694$123,584$122,500$121,442$120,410$116,415
2 years$61,730$60,580$59,466$58,386$57,338$53,353
3 years$40,744$39,590$38,478$37,408$36,377$32,526
4 years$30,254$29,103$28,002$26,951$25,945$22,257
5 years$23,961$22,817$21,731$20,701$19,723$16,208
6 years$19,767$18,632$17,562$16,554$15,606$12,268
7 years$16,773$15,647$14,594$13,610$12,692$9,529
8 years$14,528$13,412$12,377$11,417$10,529$7,540
9 years$12,783$11,678$10,660$9,725$8,867$6,047
10 years$11,388$10,293$9,294$8,383$7,555$4,901
11 years$10,247$9,164$8,182$7,296$6,498$4,004
12 years$9,297$8,225$7,261$6,399$5,631$3,291
13 years$8,494$7,433$6,488$5,650$4,910$2,720
14 years$7,806$6,756$5,829$5,015$4,304$2,256
15 years$7,211$6,172$5,263$4,473$3,790$1,878
16 years$6,690$5,663$4,772$4,005$3,349$1,567
17 years$6,231$5,215$4,342$3,598$2,970$1,311
18 years$5,823$4,819$3,964$3,243$2,641$1,099
19 years$5,459$4,466$3,629$2,930$2,354$922
20 years$5,132$4,150$3,330$2,654$2,102$775
21 years$4,836$3,866$3,063$2,408$1,881$652
22 years$4,568$3,608$2,823$2,190$1,686$549
23 years$4,323$3,375$2,607$1,994$1,514$463
24 years$4,099$3,162$2,411$1,819$1,361$390
25 years$3,893$2,967$2,233$1,661$1,224$329
26 years$3,703$2,789$2,071$1,519$1,103$278
27 years$3,528$2,625$1,923$1,390$994$235
28 years$3,365$2,473$1,788$1,274$897$198
29 years$3,214$2,333$1,664$1,168$810$167
30 years$3,074$2,204$1,549$1,072$732$141
31 years$2,942$2,083$1,445$985$662$120
32 years$2,819$1,971$1,348$905$599$101
33 years$2,704$1,867$1,258$832$542$85
34 years$2,596$1,769$1,176$766$491$72
35 years$2,494$1,678$1,099$705$444$61
36 years$2,398$1,593$1,028$649$403$52
37 years$2,308$1,513$963$598$365$44
38 years$2,222$1,438$901$551$331$37
39 years$2,141$1,367$844$508$300$31
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$19
43 years$1,857$1,123$653$368$203$16
44 years$1,794$1,071$613$340$184$14
45 years$1,734$1,021$576$314$167$11
46 years$1,678$974$541$290$152$10
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 $3,060 every year, while hoping to spend $59,229 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: 26/48/26 Blend
67$1,510,000$1,510,000$1,510,000$1,510,000
68$1,667,176$1,587,146$1,563,741$1,696,847
69$1,774,209$1,601,897$1,553,108$1,735,972
70$1,890,174$1,615,386$1,540,132$1,772,620
71$2,015,920$1,627,488$1,524,675$1,810,709
72$2,152,380$1,638,071$1,506,587$1,850,400
73$2,300,580$1,646,994$1,485,715$1,891,874
74$2,461,649$1,654,106$1,461,897$1,935,337
75$2,636,829$1,659,249$1,434,962$1,981,018
76$2,827,486$1,662,253$1,404,734$2,029,175
77$3,035,124$1,662,938$1,371,027$2,080,100
78$3,261,397$1,661,112$1,333,647$2,134,117
79$3,508,126$1,656,573$1,292,390$2,191,592
80$3,777,314$1,649,104$1,247,044$2,252,933
81$4,071,166$1,638,477$1,197,387$2,318,598
82$4,392,112$1,624,449$1,143,186$2,389,097
83$4,742,823$1,606,763$1,084,199$2,465,001
84$5,126,243$1,585,145$1,020,171$2,546,949
85$5,545,610$1,559,308$950,837$2,635,651
86$6,004,492$1,528,944$875,920$2,731,902
87$6,506,817$1,493,729$795,129$2,836,585
88$7,056,909$1,453,319$708,164$2,950,686
89$7,659,533$1,407,350$614,706$3,075,301
90$8,319,933$1,355,438$514,426$3,211,650
91$9,043,887$1,297,175$406,980$3,361,092
92$9,837,756$1,232,129$292,007$3,525,136
93$10,708,549$1,159,845$169,131$3,705,459
94$11,663,984$1,079,841$37,959$3,903,925
95$12,712,562$991,606$0$4,122,603
96$13,863,650$894,601$0$4,392,094
97$15,127,563$788,256$0$4,699,720
98$16,515,664$671,971$0$5,037,894
99$18,040,471$545,107$0$5,409,879
100$19,715,776$406,994$0$5,819,287