Can I retire at age 68 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$132,952$131,768$130,613$129,485$128,384$125,586
2 years$65,818$64,592$63,404$62,252$61,135$58,331
3 years$43,443$42,212$41,027$39,886$38,787$36,063
4 years$32,257$31,030$29,857$28,735$27,663$25,041
5 years$25,548$24,328$23,170$22,072$21,029$18,516
6 years$21,076$19,866$18,725$17,651$16,639$14,238
7 years$17,884$16,683$15,561$14,512$13,532$11,243
8 years$15,490$14,300$13,197$12,173$11,226$9,049
9 years$13,630$12,451$11,366$10,369$9,454$7,386
10 years$12,142$10,975$9,909$8,938$8,055$6,095
11 years$10,926$9,770$8,724$7,779$6,928$5,073
12 years$9,913$8,769$7,742$6,823$6,004$4,251
13 years$9,056$7,925$6,917$6,024$5,235$3,582
14 years$8,323$7,204$6,215$5,347$4,589$3,031
15 years$7,688$6,581$5,611$4,769$4,041$2,575
16 years$7,133$6,038$5,088$4,270$3,571$2,194
17 years$6,644$5,560$4,630$3,837$3,166$1,875
18 years$6,209$5,138$4,226$3,458$2,815$1,605
19 years$5,821$4,762$3,869$3,124$2,509$1,377
20 years$5,472$4,425$3,551$2,830$2,242$1,183
21 years$5,157$4,122$3,266$2,568$2,006$1,018
22 years$4,870$3,847$3,010$2,335$1,798$877
23 years$4,609$3,598$2,779$2,126$1,614$756
24 years$4,370$3,372$2,570$1,939$1,451$652
25 years$4,151$3,164$2,381$1,771$1,305$563
26 years$3,949$2,974$2,208$1,619$1,176$486
27 years$3,762$2,799$2,050$1,482$1,060$420
28 years$3,588$2,637$1,906$1,358$957$364
29 years$3,427$2,488$1,774$1,245$864$315
30 years$3,277$2,349$1,652$1,143$780$272
31 years$3,137$2,221$1,540$1,050$706$236
32 years$3,006$2,102$1,437$965$638$204
33 years$2,883$1,990$1,342$887$578$177
34 years$2,768$1,886$1,254$816$523$153
35 years$2,659$1,789$1,172$751$474$133
36 years$2,557$1,698$1,096$692$429$115
37 years$2,461$1,613$1,026$638$389$100
38 years$2,369$1,533$961$588$353$86
39 years$2,283$1,457$900$542$320$75
40 years$2,201$1,387$844$500$290$65
41 years$2,123$1,320$791$461$263$56
42 years$2,050$1,257$742$426$239$49
43 years$1,980$1,198$697$393$217$42
44 years$1,913$1,142$654$363$197$37
45 years$1,849$1,089$614$335$179$32
46 years$1,789$1,039$577$309$162$28
47 years$1,731$991$542$286$147$24
48 years$1,675$946$509$264$134$21
49 years$1,623$904$479$244$121$18
50 years$1,572$863$450$226$110$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,610,000, adding $6,322 every year, while hoping to spend $43,734 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: 59/26/15 Blend
67$1,610,000$1,610,000$1,610,000$1,610,000
68$1,780,741$1,695,411$1,670,456$1,878,663
69$1,915,844$1,731,954$1,679,884$1,982,068
70$2,063,262$1,768,821$1,688,161$2,089,368
71$2,224,204$1,805,983$1,695,205$2,205,355
72$2,400,003$1,843,406$1,700,924$2,330,871
73$2,592,125$1,881,054$1,705,226$2,466,845
74$2,802,183$1,918,888$1,708,013$2,614,301
75$3,031,956$1,956,864$1,709,182$2,774,367
76$3,283,401$1,994,935$1,708,624$2,948,286
77$3,558,671$2,033,050$1,706,227$3,137,427
78$3,860,141$2,071,155$1,701,871$3,343,300
79$4,190,422$2,109,189$1,695,431$3,567,569
80$4,552,394$2,147,087$1,686,776$3,812,066
81$4,949,225$2,184,782$1,675,770$4,078,813
82$5,384,406$2,222,196$1,662,268$4,370,036
83$5,861,782$2,259,250$1,646,121$4,688,190
84$6,385,588$2,295,857$1,627,170$5,035,981
85$6,960,487$2,331,924$1,605,250$5,416,390
86$7,591,619$2,367,350$1,580,188$5,832,704
87$8,284,643$2,402,029$1,551,803$6,288,545
88$9,045,794$2,435,846$1,519,905$6,787,908
89$9,881,940$2,468,677$1,484,297$7,335,194
90$10,800,647$2,500,392$1,444,770$7,935,254
91$11,810,251$2,530,849$1,401,108$8,593,435
92$12,919,934$2,559,898$1,353,083$9,315,633
93$14,139,814$2,587,380$1,300,458$10,108,345
94$15,481,036$2,613,123$1,242,984$10,978,733
95$16,955,880$2,636,944$1,180,403$11,934,690
96$18,577,876$2,658,650$1,112,442$12,984,919
97$20,361,928$2,678,033$1,038,818$14,139,011
98$22,324,461$2,694,872$959,234$15,407,538
99$24,483,569$2,708,934$873,381$16,802,154
100$26,859,189$2,719,968$780,936$18,335,702