Can I retire at age 68 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$131,301$130,131$128,990$127,876$126,789$125,779
2 years$65,000$63,790$62,617$61,479$60,376$59,358
3 years$42,903$41,687$40,517$39,390$38,305$37,310
4 years$31,857$30,645$29,486$28,378$27,319$26,356
5 years$25,231$24,026$22,882$21,797$20,768$19,838
6 years$20,815$19,619$18,492$17,432$16,433$15,538
7 years$17,662$16,476$15,367$14,331$13,364$12,505
8 years$15,298$14,123$13,033$12,022$11,087$10,264
9 years$13,460$12,296$11,225$10,240$9,337$8,549
10 years$11,991$10,839$9,786$8,827$7,955$7,202
11 years$10,790$9,649$8,616$7,682$6,842$6,123
12 years$9,790$8,661$7,646$6,738$5,929$5,244
13 years$8,944$7,827$6,831$5,949$5,170$4,518
14 years$8,220$7,114$6,138$5,281$4,532$3,912
15 years$7,593$6,499$5,542$4,710$3,991$3,401
16 years$7,044$5,963$5,024$4,217$3,527$2,968
17 years$6,561$5,491$4,572$3,789$3,127$2,597
18 years$6,132$5,074$4,174$3,415$2,781$2,279
19 years$5,749$4,703$3,821$3,085$2,478$2,004
20 years$5,404$4,370$3,507$2,794$2,214$1,766
21 years$5,092$4,071$3,225$2,536$1,981$1,559
22 years$4,810$3,800$2,973$2,306$1,776$1,378
23 years$4,552$3,554$2,745$2,100$1,594$1,219
24 years$4,316$3,330$2,538$1,915$1,433$1,080
25 years$4,099$3,125$2,351$1,749$1,289$958
26 years$3,900$2,937$2,180$1,599$1,161$850
27 years$3,715$2,764$2,025$1,464$1,047$755
28 years$3,544$2,604$1,882$1,341$945$671
29 years$3,385$2,457$1,752$1,230$853$597
30 years$3,237$2,320$1,632$1,129$771$531
31 years$3,098$2,193$1,521$1,037$697$473
32 years$2,969$2,075$1,419$953$630$421
33 years$2,847$1,965$1,325$876$570$375
34 years$2,734$1,863$1,238$806$517$335
35 years$2,626$1,767$1,158$742$468$298
36 years$2,525$1,677$1,083$683$424$266
37 years$2,430$1,593$1,014$630$384$237
38 years$2,340$1,514$949$580$348$212
39 years$2,255$1,439$889$535$316$189
40 years$2,174$1,369$833$494$286$169
41 years$2,097$1,304$782$455$260$150
42 years$2,024$1,241$733$420$236$134
43 years$1,955$1,183$688$388$214$120
44 years$1,889$1,128$646$358$194$107
45 years$1,826$1,075$606$331$176$96
46 years$1,766$1,026$569$306$160$85
47 years$1,709$979$535$282$145$76
48 years$1,655$934$503$261$132$68
49 years$1,602$892$473$241$120$61
50 years$1,552$852$444$223$109$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,590,000, adding $2,427 every year, while hoping to spend $27,090 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: 56/30/14 Blend
67$1,590,000$1,590,000$1,590,000$1,590,000
68$1,754,683$1,670,413$1,645,768$1,846,464
69$1,904,838$1,723,440$1,672,078$1,962,018
70$2,069,400$1,778,157$1,698,361$2,084,665
71$2,249,810$1,834,619$1,724,588$2,217,635
72$2,447,657$1,892,881$1,750,728$2,361,921
73$2,664,687$1,953,002$1,776,747$2,518,616
74$2,902,827$2,015,040$1,802,609$2,688,921
75$3,164,197$2,079,059$1,828,278$2,874,159
76$3,451,132$2,145,120$1,853,713$3,075,786
77$3,766,208$2,213,291$1,878,872$3,295,405
78$4,112,257$2,283,638$1,903,710$3,534,780
79$4,492,403$2,356,232$1,928,180$3,795,853
80$4,910,085$2,431,145$1,952,232$4,080,764
81$5,369,095$2,508,452$1,975,812$4,391,865
82$5,873,606$2,588,229$1,998,865$4,731,751
83$6,428,218$2,670,557$2,021,332$5,103,277
84$7,037,999$2,755,517$2,043,149$5,509,586
85$7,708,532$2,843,194$2,064,252$5,954,141
86$8,445,968$2,933,677$2,084,570$6,440,756
87$9,257,084$3,027,054$2,104,031$6,973,632
88$10,149,347$3,123,421$2,122,556$7,557,394
89$11,130,985$3,222,872$2,140,066$8,197,138
90$12,211,061$3,325,509$2,156,474$8,898,478
91$13,399,563$3,431,433$2,171,690$9,667,595
92$14,707,497$3,540,751$2,185,620$10,511,303
93$16,146,987$3,653,573$2,198,163$11,437,102
94$17,731,393$3,770,012$2,209,216$12,453,260
95$19,475,438$3,890,185$2,218,667$13,568,882
96$21,395,341$4,014,213$2,226,401$14,793,999
97$23,508,977$4,142,221$2,232,296$16,139,663
98$25,836,040$4,274,337$2,236,226$17,618,051
99$28,398,232$4,410,695$2,238,055$19,242,579
100$31,219,465$4,551,433$2,237,643$21,028,025