Can I retire at age 68 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$130,475$129,313$128,179$127,072$125,991$122,499
2 years$64,592$63,389$62,223$61,092$59,996$56,503
3 years$42,633$41,425$40,262$39,142$38,064$34,680
4 years$31,656$30,452$29,301$28,200$27,147$23,899
5 years$25,072$23,875$22,738$21,660$20,637$17,533
6 years$20,684$19,495$18,376$17,322$16,329$13,372
7 years$17,550$16,372$15,271$14,241$13,280$10,470
8 years$15,202$14,034$12,951$11,947$11,017$8,353
9 years$13,376$12,219$11,154$10,176$9,278$6,757
10 years$11,916$10,771$9,725$8,772$7,905$5,524
11 years$10,722$9,588$8,561$7,634$6,799$4,554
12 years$9,728$8,606$7,598$6,696$5,892$3,779
13 years$8,888$7,777$6,788$5,912$5,138$3,152
14 years$8,168$7,069$6,099$5,248$4,504$2,640
15 years$7,545$6,458$5,507$4,680$3,965$2,220
16 years$7,000$5,925$4,993$4,190$3,505$1,871
17 years$6,520$5,457$4,543$3,765$3,107$1,581
18 years$6,093$5,042$4,147$3,393$2,763$1,339
19 years$5,712$4,673$3,797$3,066$2,463$1,136
20 years$5,370$4,343$3,484$2,777$2,200$965
21 years$5,060$4,045$3,205$2,520$1,969$821
22 years$4,779$3,776$2,954$2,291$1,765$699
23 years$4,523$3,531$2,727$2,087$1,584$595
24 years$4,289$3,309$2,522$1,903$1,424$507
25 years$4,073$3,105$2,336$1,738$1,281$433
26 years$3,875$2,918$2,167$1,589$1,154$370
27 years$3,692$2,746$2,012$1,455$1,040$316
28 years$3,521$2,588$1,870$1,333$939$270
29 years$3,363$2,441$1,741$1,222$848$230
30 years$3,216$2,306$1,621$1,122$766$197
31 years$3,079$2,180$1,512$1,030$692$168
32 years$2,950$2,062$1,410$947$626$144
33 years$2,830$1,953$1,317$871$567$123
34 years$2,716$1,851$1,230$801$513$105
35 years$2,610$1,756$1,150$737$465$90
36 years$2,509$1,666$1,076$679$421$77
37 years$2,415$1,583$1,007$626$382$66
38 years$2,325$1,504$943$577$346$56
39 years$2,240$1,430$884$532$314$48
40 years$2,160$1,361$828$491$285$41
41 years$2,084$1,295$777$453$258$35
42 years$2,012$1,234$728$418$234$30
43 years$1,943$1,175$684$386$213$26
44 years$1,877$1,120$642$356$193$22
45 years$1,815$1,068$603$329$175$19
46 years$1,755$1,019$566$304$159$16
47 years$1,699$973$532$281$144$14
48 years$1,644$929$500$259$131$12
49 years$1,592$887$470$240$119$10
50 years$1,543$847$441$221$108$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,580,000, adding $4,321 every year, while hoping to spend $58,568 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: 25/46/29 Blend
67$1,580,000$1,580,000$1,580,000$1,580,000
68$1,745,617$1,661,877$1,637,387$1,773,332
69$1,861,354$1,680,993$1,629,924$1,816,061
70$1,986,933$1,699,083$1,620,247$1,856,601
71$2,123,297$1,716,034$1,608,222$1,898,861
72$2,271,481$1,731,728$1,593,705$1,943,028
73$2,432,626$1,746,036$1,576,548$1,989,310
74$2,607,985$1,758,823$1,556,593$2,037,939
75$2,798,938$1,769,944$1,533,678$2,089,178
76$3,007,004$1,779,246$1,507,631$2,143,319
77$3,233,855$1,786,565$1,478,272$2,200,689
78$3,481,328$1,791,727$1,445,414$2,261,656
79$3,751,448$1,794,546$1,408,861$2,326,629
80$4,046,444$1,794,827$1,368,406$2,396,065
81$4,368,769$1,792,361$1,323,835$2,470,477
82$4,721,122$1,786,926$1,274,923$2,550,432
83$5,106,478$1,778,287$1,221,434$2,636,567
84$5,528,110$1,766,194$1,163,123$2,729,590
85$5,989,623$1,750,383$1,099,734$2,830,289
86$6,494,986$1,730,574$1,030,996$2,939,542
87$7,048,571$1,706,467$956,630$3,058,326
88$7,655,190$1,677,750$876,342$3,187,727
89$8,320,146$1,644,086$789,827$3,328,953
90$9,049,278$1,605,123$696,762$3,483,345
91$9,849,016$1,560,486$596,816$3,652,396
92$10,726,443$1,509,777$489,637$3,837,759
93$11,689,363$1,452,579$374,862$4,041,275
94$12,746,368$1,388,445$252,110$4,264,981
95$13,906,925$1,316,907$120,983$4,511,140
96$15,181,463$1,237,466$0$4,782,261
97$16,581,468$1,149,599$0$5,086,990
98$18,119,596$1,052,747$0$5,462,878
99$19,809,788$946,325$0$5,876,005
100$21,667,403$829,711$0$6,330,303