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%13.8%
1 years$131,301$130,131$128,990$127,876$126,789$124,791
2 years$65,000$63,790$62,617$61,479$60,376$58,368
3 years$42,903$41,687$40,517$39,390$38,305$36,350
4 years$31,857$30,645$29,486$28,378$27,319$25,432
5 years$25,231$24,026$22,882$21,797$20,768$18,954
6 years$20,815$19,619$18,492$17,432$16,433$14,694
7 years$17,662$16,476$15,367$14,331$13,364$11,702
8 years$15,298$14,123$13,033$12,022$11,087$9,500
9 years$13,460$12,296$11,225$10,240$9,337$7,824
10 years$11,991$10,839$9,786$8,827$7,955$6,517
11 years$10,790$9,649$8,616$7,682$6,842$5,475
12 years$9,790$8,661$7,646$6,738$5,929$4,633
13 years$8,944$7,827$6,831$5,949$5,170$3,942
14 years$8,220$7,114$6,138$5,281$4,532$3,371
15 years$7,593$6,499$5,542$4,710$3,991$2,893
16 years$7,044$5,963$5,024$4,217$3,527$2,492
17 years$6,561$5,491$4,572$3,789$3,127$2,152
18 years$6,132$5,074$4,174$3,415$2,781$1,863
19 years$5,749$4,703$3,821$3,085$2,478$1,615
20 years$5,404$4,370$3,507$2,794$2,214$1,404
21 years$5,092$4,071$3,225$2,536$1,981$1,221
22 years$4,810$3,800$2,973$2,306$1,776$1,064
23 years$4,552$3,554$2,745$2,100$1,594$928
24 years$4,316$3,330$2,538$1,915$1,433$810
25 years$4,099$3,125$2,351$1,749$1,289$708
26 years$3,900$2,937$2,180$1,599$1,161$619
27 years$3,715$2,764$2,025$1,464$1,047$542
28 years$3,544$2,604$1,882$1,341$945$474
29 years$3,385$2,457$1,752$1,230$853$415
30 years$3,237$2,320$1,632$1,129$771$364
31 years$3,098$2,193$1,521$1,037$697$319
32 years$2,969$2,075$1,419$953$630$280
33 years$2,847$1,965$1,325$876$570$245
34 years$2,734$1,863$1,238$806$517$215
35 years$2,626$1,767$1,158$742$468$189
36 years$2,525$1,677$1,083$683$424$166
37 years$2,430$1,593$1,014$630$384$145
38 years$2,340$1,514$949$580$348$128
39 years$2,255$1,439$889$535$316$112
40 years$2,174$1,369$833$494$286$98
41 years$2,097$1,304$782$455$260$86
42 years$2,024$1,241$733$420$236$76
43 years$1,955$1,183$688$388$214$67
44 years$1,889$1,128$646$358$194$59
45 years$1,826$1,075$606$331$176$51
46 years$1,766$1,026$569$306$160$45
47 years$1,709$979$535$282$145$40
48 years$1,655$934$503$261$132$35
49 years$1,602$892$473$241$120$31
50 years$1,552$852$444$223$109$27

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 $3,162 every year, while hoping to spend $58,655 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: 22/49/29 Blend
67$1,590,000$1,590,000$1,590,000$1,590,000
68$1,755,442$1,671,172$1,646,527$1,777,894
69$1,872,088$1,690,651$1,639,277$1,817,701
70$1,998,667$1,709,118$1,629,818$1,855,157
71$2,136,129$1,726,463$1,618,015$1,893,975
72$2,285,520$1,742,566$1,603,725$1,934,305
73$2,447,992$1,757,300$1,586,798$1,976,316
74$2,624,810$1,770,531$1,567,079$2,020,200
75$2,817,368$1,782,114$1,544,404$2,066,170
76$3,027,199$1,791,898$1,518,601$2,114,470
77$3,255,991$1,799,718$1,489,491$2,165,370
78$3,505,599$1,805,401$1,456,887$2,219,176
79$3,778,069$1,808,765$1,420,591$2,276,230
80$4,075,650$1,809,612$1,380,399$2,336,916
81$4,400,820$1,807,736$1,336,095$2,401,663
82$4,756,304$1,802,916$1,287,455$2,470,951
83$5,145,106$1,794,918$1,234,243$2,545,317
84$5,570,530$1,783,493$1,176,215$2,625,363
85$6,036,218$1,768,377$1,113,111$2,711,758
86$6,546,177$1,749,292$1,044,665$2,805,249
87$7,104,821$1,725,942$970,595$2,906,672
88$7,717,011$1,698,011$890,609$3,016,954
89$8,388,101$1,665,168$804,399$3,137,132
90$9,123,986$1,627,060$711,645$3,268,358
91$9,931,161$1,583,315$612,014$3,411,915
92$10,816,779$1,533,537$505,155$3,569,229
93$11,788,718$1,477,307$390,705$3,741,886
94$12,855,656$1,414,184$268,283$3,931,649
95$14,027,153$1,343,700$137,491$4,140,477
96$15,313,740$1,265,358$0$4,370,543
97$16,727,017$1,178,637$0$4,624,907
98$18,279,764$1,082,981$0$4,951,046
99$19,986,058$977,805$0$5,309,482
100$21,861,410$862,492$0$5,703,656