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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.2%
1 years$124,694$123,584$122,500$121,442$120,410$119,301
2 years$61,730$60,580$59,466$58,386$57,338$56,221
3 years$40,744$39,590$38,478$37,408$36,377$35,287
4 years$30,254$29,103$28,002$26,951$25,945$24,889
5 years$23,961$22,817$21,731$20,701$19,723$18,705
6 years$19,767$18,632$17,562$16,554$15,606$14,627
7 years$16,773$15,647$14,594$13,610$12,692$11,752
8 years$14,528$13,412$12,377$11,417$10,529$9,629
9 years$12,783$11,678$10,660$9,725$8,867$8,006
10 years$11,388$10,293$9,294$8,383$7,555$6,733
11 years$10,247$9,164$8,182$7,296$6,498$5,713
12 years$9,297$8,225$7,261$6,399$5,631$4,884
13 years$8,494$7,433$6,488$5,650$4,910$4,199
14 years$7,806$6,756$5,829$5,015$4,304$3,629
15 years$7,211$6,172$5,263$4,473$3,790$3,149
16 years$6,690$5,663$4,772$4,005$3,349$2,742
17 years$6,231$5,215$4,342$3,598$2,970$2,395
18 years$5,823$4,819$3,964$3,243$2,641$2,097
19 years$5,459$4,466$3,629$2,930$2,354$1,840
20 years$5,132$4,150$3,330$2,654$2,102$1,618
21 years$4,836$3,866$3,063$2,408$1,881$1,425
22 years$4,568$3,608$2,823$2,190$1,686$1,256
23 years$4,323$3,375$2,607$1,994$1,514$1,109
24 years$4,099$3,162$2,411$1,819$1,361$981
25 years$3,893$2,967$2,233$1,661$1,224$868
26 years$3,703$2,789$2,071$1,519$1,103$768
27 years$3,528$2,625$1,923$1,390$994$681
28 years$3,365$2,473$1,788$1,274$897$604
29 years$3,214$2,333$1,664$1,168$810$536
30 years$3,074$2,204$1,549$1,072$732$476
31 years$2,942$2,083$1,445$985$662$422
32 years$2,819$1,971$1,348$905$599$375
33 years$2,704$1,867$1,258$832$542$333
34 years$2,596$1,769$1,176$766$491$296
35 years$2,494$1,678$1,099$705$444$264
36 years$2,398$1,593$1,028$649$403$235
37 years$2,308$1,513$963$598$365$209
38 years$2,222$1,438$901$551$331$186
39 years$2,141$1,367$844$508$300$165
40 years$2,064$1,301$792$469$272$147
41 years$1,992$1,238$742$433$247$131
42 years$1,922$1,179$696$399$224$117
43 years$1,857$1,123$653$368$203$104
44 years$1,794$1,071$613$340$184$92
45 years$1,734$1,021$576$314$167$82
46 years$1,678$974$541$290$152$73
47 years$1,623$930$508$268$138$65
48 years$1,571$887$477$248$125$58
49 years$1,522$847$449$229$114$52
50 years$1,474$809$422$212$103$46

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 $2,715 every year, while hoping to spend $53,494 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: 82/9/9 Blend
67$1,510,000$1,510,000$1,510,000$1,510,000
68$1,666,821$1,586,791$1,563,386$1,801,178
69$1,779,919$1,607,626$1,558,842$1,910,361
70$1,902,761$1,627,690$1,552,353$2,022,819
71$2,036,283$1,646,887$1,543,797$2,144,660
72$2,181,517$1,665,117$1,533,047$2,276,794
73$2,339,596$1,682,273$1,519,970$2,420,224
74$2,511,771$1,698,240$1,504,424$2,576,054
75$2,699,413$1,712,896$1,486,264$2,745,500
76$2,904,036$1,726,110$1,465,336$2,929,903
77$3,127,302$1,737,744$1,441,480$3,130,738
78$3,371,044$1,747,650$1,414,526$3,349,630
79$3,637,277$1,755,672$1,384,300$3,588,370
80$3,928,221$1,761,642$1,350,616$3,848,932
81$4,246,320$1,765,383$1,313,281$4,133,489
82$4,594,263$1,766,705$1,272,095$4,444,436
83$4,975,014$1,765,409$1,226,846$4,784,410
84$5,391,833$1,761,282$1,177,313$5,156,320
85$5,848,313$1,754,098$1,123,266$5,563,368
86$6,348,409$1,743,617$1,064,464$6,009,084
87$6,896,477$1,729,585$1,000,654$6,497,357
88$7,497,315$1,711,732$931,573$7,032,472
89$8,156,207$1,689,772$856,946$7,619,153
90$8,878,971$1,663,402$776,485$8,262,602
91$9,672,019$1,632,302$689,890$8,968,554
92$10,542,411$1,596,130$596,847$9,743,328
93$11,497,923$1,554,527$497,028$10,593,888
94$12,547,124$1,507,111$390,091$11,527,908
95$13,699,450$1,453,479$275,679$12,553,845
96$14,965,298$1,393,204$153,418$13,681,019
97$16,356,120$1,325,832$22,919$14,919,700
98$17,884,534$1,250,887$0$16,281,207
99$19,564,438$1,167,863$0$17,789,185
100$21,411,147$1,076,224$0$19,449,285