Can I retire at age 68 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$129,649$128,494$127,368$126,268$125,194$122,666
2 years$64,183$62,987$61,829$60,706$59,616$57,081
3 years$42,363$41,163$40,007$38,895$37,823$35,359
4 years$31,456$30,259$29,115$28,021$26,976$24,602
5 years$24,913$23,724$22,595$21,523$20,506$18,229
6 years$20,553$19,372$18,260$17,212$16,226$14,048
7 years$17,439$16,269$15,174$14,151$13,196$11,118
8 years$15,105$13,945$12,869$11,871$10,947$8,969
9 years$13,291$12,142$11,084$10,111$9,219$7,339
10 years$11,840$10,702$9,663$8,716$7,855$6,071
11 years$10,654$9,528$8,507$7,586$6,756$5,066
12 years$9,667$8,552$7,550$6,654$5,854$4,256
13 years$8,831$7,728$6,745$5,874$5,105$3,595
14 years$8,116$7,025$6,061$5,214$4,475$3,051
15 years$7,497$6,417$5,472$4,650$3,940$2,599
16 years$6,956$5,888$4,961$4,164$3,482$2,221
17 years$6,479$5,422$4,515$3,741$3,088$1,903
18 years$6,055$5,010$4,121$3,372$2,746$1,634
19 years$5,676$4,644$3,773$3,047$2,447$1,406
20 years$5,336$4,315$3,462$2,759$2,186$1,212
21 years$5,028$4,019$3,185$2,504$1,956$1,046
22 years$4,749$3,752$2,935$2,277$1,753$903
23 years$4,495$3,509$2,710$2,074$1,574$781
24 years$4,262$3,288$2,506$1,891$1,415$676
25 years$4,048$3,085$2,321$1,727$1,273$586
26 years$3,850$2,900$2,153$1,579$1,147$508
27 years$3,668$2,729$1,999$1,446$1,034$440
28 years$3,499$2,572$1,859$1,324$933$382
29 years$3,342$2,426$1,730$1,215$842$331
30 years$3,196$2,291$1,611$1,115$761$288
31 years$3,059$2,166$1,502$1,024$688$250
32 years$2,931$2,049$1,401$941$622$217
33 years$2,812$1,941$1,308$865$563$189
34 years$2,699$1,839$1,223$796$510$164
35 years$2,593$1,745$1,143$733$462$143
36 years$2,494$1,656$1,069$675$419$124
37 years$2,399$1,573$1,001$622$379$108
38 years$2,310$1,495$937$573$344$94
39 years$2,226$1,421$878$528$312$82
40 years$2,146$1,352$823$487$283$71
41 years$2,071$1,287$772$450$257$62
42 years$1,999$1,226$724$415$233$54
43 years$1,930$1,168$679$383$211$47
44 years$1,865$1,113$638$354$192$41
45 years$1,803$1,062$599$327$174$35
46 years$1,744$1,013$562$302$158$31
47 years$1,688$967$528$279$144$27
48 years$1,634$923$496$258$130$23
49 years$1,582$881$467$238$118$20
50 years$1,533$842$439$220$108$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,570,000, adding $4,724 every year, while hoping to spend $52,491 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$1,570,000$1,570,000$1,570,000$1,570,000
68$1,735,013$1,651,803$1,627,468$1,874,709
69$1,856,134$1,676,891$1,626,138$1,991,934
70$1,987,850$1,701,449$1,623,004$2,113,145
71$2,131,187$1,725,397$1,617,951$2,244,626
72$2,287,273$1,748,645$1,610,856$2,387,376
73$2,457,348$1,771,102$1,601,593$2,542,497
74$2,642,779$1,792,668$1,590,029$2,711,202
75$2,845,070$1,813,236$1,576,022$2,894,826
76$3,065,875$1,832,693$1,559,427$3,094,841
77$3,307,017$1,850,917$1,540,090$3,312,867
78$3,570,500$1,867,780$1,517,851$3,550,690
79$3,858,533$1,883,143$1,492,541$3,810,276
80$4,173,546$1,896,860$1,463,984$4,093,792
81$4,518,216$1,908,774$1,431,996$4,403,625
82$4,895,490$1,918,720$1,396,384$4,742,404
83$5,308,614$1,926,521$1,356,945$5,113,026
84$5,761,159$1,931,987$1,313,470$5,518,684
85$6,257,063$1,934,921$1,265,738$5,962,895
86$6,800,660$1,935,108$1,213,516$6,449,534
87$7,396,723$1,932,324$1,156,564$6,982,872
88$8,050,510$1,926,329$1,094,630$7,567,613
89$8,767,812$1,916,868$1,027,450$8,208,942
90$9,555,007$1,903,673$954,748$8,912,573
91$10,419,121$1,886,457$876,236$9,684,801
92$11,367,895$1,864,917$791,613$10,532,563
93$12,409,854$1,838,731$700,566$11,463,504
94$13,554,388$1,807,559$602,764$12,486,049
95$14,811,846$1,771,039$497,867$13,609,481
96$16,193,624$1,728,789$385,515$14,844,030
97$17,712,278$1,680,405$265,334$16,200,971
98$19,381,643$1,625,457$136,936$17,692,727
99$21,216,959$1,563,493$0$19,332,989
100$23,235,016$1,494,031$0$21,136,856