Can I retire at age 68 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$127,998$126,857$125,745$124,659$123,599$121,752
2 years$63,365$62,185$61,041$59,932$58,857$57,000
3 years$41,824$40,639$39,498$38,399$37,341$35,533
4 years$31,055$29,874$28,744$27,664$26,632$24,885
5 years$24,596$23,421$22,307$21,249$20,245$18,566
6 years$20,291$19,125$18,027$16,993$16,019$14,409
7 years$17,217$16,061$14,981$13,971$13,028$11,487
8 years$14,913$13,768$12,705$11,720$10,808$9,337
9 years$13,122$11,987$10,943$9,983$9,102$7,699
10 years$11,690$10,566$9,540$8,605$7,755$6,420
11 years$10,519$9,406$8,399$7,489$6,670$5,401
12 years$9,543$8,443$7,454$6,569$5,780$4,575
13 years$8,719$7,630$6,659$5,799$5,040$3,899
14 years$8,013$6,935$5,984$5,148$4,418$3,338
15 years$7,402$6,335$5,402$4,591$3,890$2,869
16 years$6,867$5,813$4,898$4,111$3,438$2,474
17 years$6,396$5,353$4,457$3,694$3,048$2,140
18 years$5,978$4,947$4,069$3,329$2,711$1,855
19 years$5,604$4,584$3,725$3,008$2,416$1,611
20 years$5,268$4,260$3,418$2,724$2,158$1,402
21 years$4,964$3,968$3,144$2,472$1,931$1,222
22 years$4,689$3,704$2,898$2,248$1,731$1,066
23 years$4,437$3,464$2,676$2,047$1,554$931
24 years$4,207$3,246$2,475$1,867$1,397$814
25 years$3,996$3,046$2,292$1,705$1,257$713
26 years$3,801$2,863$2,126$1,559$1,132$624
27 years$3,621$2,694$1,974$1,427$1,021$547
28 years$3,455$2,539$1,835$1,308$921$480
29 years$3,300$2,395$1,708$1,199$832$421
30 years$3,155$2,262$1,591$1,100$751$369
31 years$3,020$2,138$1,483$1,011$679$324
32 years$2,894$2,023$1,383$929$615$285
33 years$2,776$1,916$1,292$854$556$250
34 years$2,665$1,816$1,207$786$504$220
35 years$2,560$1,722$1,128$723$456$193
36 years$2,462$1,635$1,056$666$413$170
37 years$2,369$1,553$988$614$374$149
38 years$2,281$1,476$925$566$340$131
39 years$2,198$1,403$867$522$308$115
40 years$2,119$1,335$813$481$279$102
41 years$2,044$1,271$762$444$253$89
42 years$1,973$1,210$715$410$230$79
43 years$1,906$1,153$671$378$209$69
44 years$1,842$1,099$629$349$189$61
45 years$1,780$1,048$591$323$172$54
46 years$1,722$1,000$555$298$156$47
47 years$1,666$954$522$275$142$41
48 years$1,613$911$490$254$129$36
49 years$1,562$870$461$235$117$32
50 years$1,513$831$433$217$106$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,550,000, adding $4,551 every year, while hoping to spend $55,785 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: 52/28/20 Blend
67$1,550,000$1,550,000$1,550,000$1,550,000
68$1,712,794$1,630,644$1,606,619$1,792,196
69$1,828,145$1,651,191$1,601,086$1,867,893
70$1,953,391$1,670,875$1,593,498$1,944,014
71$2,089,484$1,689,595$1,583,727$2,025,621
72$2,237,469$1,707,243$1,571,640$2,113,254
73$2,398,496$1,723,703$1,557,095$2,207,508
74$2,573,832$1,738,854$1,539,947$2,309,043
75$2,764,868$1,752,563$1,520,041$2,418,587
76$2,973,138$1,764,692$1,497,216$2,536,945
77$3,200,329$1,775,093$1,471,303$2,665,003
78$3,448,297$1,783,607$1,442,127$2,803,745
79$3,719,086$1,790,066$1,409,501$2,954,253
80$4,014,946$1,794,293$1,373,232$3,117,725
81$4,338,354$1,796,097$1,333,119$3,295,482
82$4,692,037$1,795,276$1,288,949$3,488,985
83$5,078,998$1,791,617$1,240,502$3,699,845
84$5,502,542$1,784,893$1,187,545$3,929,844
85$5,966,310$1,774,862$1,129,837$4,180,946
86$6,474,312$1,761,269$1,067,124$4,455,322
87$7,030,963$1,743,841$999,144$4,755,367
88$7,641,124$1,722,293$925,618$5,083,727
89$8,310,151$1,696,318$846,259$5,443,321
90$9,043,943$1,665,593$760,765$5,837,372
91$9,848,995$1,629,777$668,820$6,269,438
92$10,732,463$1,588,507$570,097$6,743,444
93$11,702,230$1,541,400$464,250$7,263,725
94$12,766,977$1,488,048$350,922$7,835,061
95$13,936,269$1,428,022$229,738$8,462,731
96$15,220,640$1,360,868$100,307$9,152,557
97$16,631,698$1,286,103$0$9,910,964
98$18,182,229$1,203,219$0$10,753,114
99$19,886,317$1,111,678$0$11,702,125
100$21,759,482$1,010,911$0$12,745,294