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

Use the below retirement simulation to view the chances of a successful retirement.
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%17%
1 years$131,301$130,131$128,990$127,876$126,789$123,175
2 years$65,000$63,790$62,617$61,479$60,376$56,762
3 years$42,903$41,687$40,517$39,390$38,305$34,806
4 years$31,857$30,645$29,486$28,378$27,319$23,962
5 years$25,231$24,026$22,882$21,797$20,768$17,560
6 years$20,815$19,619$18,492$17,432$16,433$13,379
7 years$17,662$16,476$15,367$14,331$13,364$10,463
8 years$15,298$14,123$13,033$12,022$11,087$8,338
9 years$13,460$12,296$11,225$10,240$9,337$6,736
10 years$11,991$10,839$9,786$8,827$7,955$5,501
11 years$10,790$9,649$8,616$7,682$6,842$4,528
12 years$9,790$8,661$7,646$6,738$5,929$3,753
13 years$8,944$7,827$6,831$5,949$5,170$3,126
14 years$8,220$7,114$6,138$5,281$4,532$2,615
15 years$7,593$6,499$5,542$4,710$3,991$2,195
16 years$7,044$5,963$5,024$4,217$3,527$1,848
17 years$6,561$5,491$4,572$3,789$3,127$1,560
18 years$6,132$5,074$4,174$3,415$2,781$1,319
19 years$5,749$4,703$3,821$3,085$2,478$1,117
20 years$5,404$4,370$3,507$2,794$2,214$947
21 years$5,092$4,071$3,225$2,536$1,981$804
22 years$4,810$3,800$2,973$2,306$1,776$684
23 years$4,552$3,554$2,745$2,100$1,594$582
24 years$4,316$3,330$2,538$1,915$1,433$495
25 years$4,099$3,125$2,351$1,749$1,289$422
26 years$3,900$2,937$2,180$1,599$1,161$359
27 years$3,715$2,764$2,025$1,464$1,047$306
28 years$3,544$2,604$1,882$1,341$945$261
29 years$3,385$2,457$1,752$1,230$853$223
30 years$3,237$2,320$1,632$1,129$771$190
31 years$3,098$2,193$1,521$1,037$697$162
32 years$2,969$2,075$1,419$953$630$139
33 years$2,847$1,965$1,325$876$570$118
34 years$2,734$1,863$1,238$806$517$101
35 years$2,626$1,767$1,158$742$468$86
36 years$2,525$1,677$1,083$683$424$74
37 years$2,430$1,593$1,014$630$384$63
38 years$2,340$1,514$949$580$348$54
39 years$2,255$1,439$889$535$316$46
40 years$2,174$1,369$833$494$286$39
41 years$2,097$1,304$782$455$260$34
42 years$2,024$1,241$733$420$236$29
43 years$1,955$1,183$688$388$214$25
44 years$1,889$1,128$646$358$194$21
45 years$1,826$1,075$606$331$176$18
46 years$1,766$1,026$569$306$160$15
47 years$1,709$979$535$282$145$13
48 years$1,655$934$503$261$132$11
49 years$1,602$892$473$241$120$10
50 years$1,552$852$444$223$109$8

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 $6,429 every year, while hoping to spend $43,833 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: 74/18/8 Blend
67$1,590,000$1,590,000$1,590,000$1,590,000
68$1,758,812$1,674,542$1,649,897$1,886,299
69$1,891,572$1,709,956$1,658,530$2,006,597
70$2,036,406$1,745,637$1,665,984$2,132,187
71$2,194,497$1,781,551$1,672,172$2,268,532
72$2,367,150$1,817,661$1,677,004$2,416,681
73$2,555,801$1,853,929$1,680,386$2,577,790
74$2,762,032$1,890,310$1,682,218$2,753,133
75$2,987,582$1,926,759$1,682,395$2,944,111
76$3,234,370$1,963,224$1,680,809$3,152,269
77$3,504,504$1,999,650$1,677,345$3,379,309
78$3,800,309$2,035,979$1,671,882$3,627,104
79$4,124,344$2,072,146$1,664,294$3,897,718
80$4,479,428$2,108,081$1,654,448$4,193,427
81$4,868,664$2,143,711$1,642,206$4,516,736
82$5,295,470$2,178,955$1,627,422$4,870,406
83$5,763,612$2,213,728$1,609,945$5,257,479
84$6,277,236$2,247,937$1,589,614$5,681,305
85$6,840,911$2,281,483$1,566,263$6,145,577
86$7,459,667$2,314,259$1,539,717$6,654,365
87$8,139,048$2,346,152$1,509,792$7,212,150
88$8,885,158$2,377,041$1,476,297$7,823,875
89$9,704,724$2,406,795$1,439,032$8,494,981
90$10,605,153$2,435,275$1,397,787$9,231,468
91$11,594,608$2,462,333$1,352,342$10,039,946
92$12,682,081$2,487,811$1,302,469$10,927,698
93$13,877,478$2,511,538$1,247,926$11,902,752
94$15,191,713$2,533,336$1,188,464$12,973,953
95$16,636,810$2,553,012$1,123,820$14,151,049
96$18,226,017$2,570,362$1,053,720$15,444,782
97$19,973,929$2,585,167$977,878$16,866,989
98$21,896,627$2,597,198$895,994$18,430,716
99$24,011,828$2,606,206$807,756$20,150,341
100$26,339,056$2,611,931$712,836$22,041,705