Can I retire at age 68 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$133,778$132,586$131,424$130,289$129,181$124,647
2 years$66,227$64,993$63,798$62,639$61,515$56,995
3 years$43,713$42,474$41,282$40,133$39,028$34,663
4 years$32,458$31,223$30,042$28,914$27,835$23,659
5 years$25,707$24,479$23,314$22,209$21,160$17,184
6 years$21,207$19,989$18,841$17,760$16,743$12,971
7 years$17,995$16,787$15,657$14,602$13,616$10,046
8 years$15,586$14,389$13,279$12,249$11,296$7,926
9 years$13,714$12,528$11,437$10,434$9,513$6,337
10 years$12,217$11,043$9,971$8,994$8,106$5,120
11 years$10,994$9,831$8,778$7,827$6,971$4,169
12 years$9,974$8,824$7,790$6,866$6,041$3,416
13 years$9,113$7,974$6,960$6,061$5,268$2,813
14 years$8,375$7,248$6,254$5,381$4,618$2,325
15 years$7,736$6,622$5,646$4,798$4,066$1,929
16 years$7,177$6,075$5,119$4,297$3,593$1,604
17 years$6,685$5,595$4,658$3,860$3,186$1,337
18 years$6,248$5,170$4,252$3,479$2,833$1,116
19 years$5,857$4,791$3,893$3,144$2,525$933
20 years$5,506$4,452$3,573$2,847$2,255$781
21 years$5,189$4,147$3,286$2,584$2,018$655
22 years$4,900$3,871$3,029$2,349$1,809$549
23 years$4,638$3,621$2,797$2,140$1,624$461
24 years$4,397$3,392$2,586$1,951$1,460$387
25 years$4,177$3,184$2,395$1,782$1,314$325
26 years$3,973$2,992$2,222$1,630$1,183$273
27 years$3,785$2,816$2,063$1,492$1,067$230
28 years$3,611$2,653$1,918$1,367$963$193
29 years$3,449$2,503$1,785$1,253$869$163
30 years$3,298$2,364$1,662$1,150$785$137
31 years$3,157$2,235$1,550$1,056$710$115
32 years$3,025$2,115$1,446$971$642$97
33 years$2,901$2,003$1,350$893$581$82
34 years$2,785$1,898$1,261$821$526$69
35 years$2,676$1,800$1,179$756$477$58
36 years$2,573$1,709$1,103$696$432$49
37 years$2,476$1,623$1,033$642$391$41
38 years$2,384$1,542$967$591$355$35
39 years$2,297$1,467$906$545$322$29
40 years$2,215$1,395$849$503$292$25
41 years$2,137$1,328$796$464$265$21
42 years$2,062$1,265$747$428$240$17
43 years$1,992$1,205$701$395$218$15
44 years$1,925$1,149$658$365$198$12
45 years$1,861$1,095$618$337$180$10
46 years$1,800$1,045$580$311$163$9
47 years$1,742$997$545$288$148$7
48 years$1,686$952$512$266$135$6
49 years$1,633$909$481$246$122$5
50 years$1,582$868$453$227$111$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,620,000, adding $2,891 every year, while hoping to spend $45,650 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: 41/39/20 Blend
67$1,620,000$1,620,000$1,620,000$1,620,000
68$1,788,222$1,702,362$1,677,252$1,850,894
69$1,922,049$1,737,207$1,684,869$1,930,676
70$2,067,997$1,772,228$1,691,211$2,012,360
71$2,227,254$1,807,388$1,696,187$2,099,835
72$2,401,126$1,842,643$1,699,702$2,193,654
73$2,591,054$1,877,946$1,701,655$2,294,428
74$2,798,623$1,913,247$1,701,942$2,402,830
75$3,025,578$1,948,491$1,700,452$2,519,604
76$3,273,839$1,983,618$1,697,069$2,645,569
77$3,545,521$2,018,567$1,691,672$2,781,632
78$3,842,954$2,053,266$1,684,133$2,928,788
79$4,168,703$2,087,644$1,674,318$3,088,140
80$4,525,592$2,121,620$1,662,089$3,260,903
81$4,916,731$2,155,108$1,647,298$3,448,416
82$5,345,547$2,188,018$1,629,792$3,652,159
83$5,815,812$2,220,250$1,609,410$3,873,763
84$6,331,683$2,251,700$1,585,982$4,115,027
85$6,897,736$2,282,254$1,559,334$4,377,938
86$7,519,013$2,311,793$1,529,280$4,664,686
87$8,201,068$2,340,187$1,495,627$4,977,687
88$8,950,020$2,367,298$1,458,173$5,319,609
89$9,772,606$2,392,980$1,416,706$5,693,392
90$10,676,251$2,417,075$1,371,005$6,102,280
91$11,669,133$2,439,417$1,320,838$6,549,854
92$12,760,262$2,459,826$1,265,964$7,040,059
93$13,959,564$2,478,113$1,206,129$7,577,253
94$15,277,974$2,494,075$1,141,069$8,166,237
95$16,727,540$2,507,497$1,070,507$8,812,310
96$18,321,535$2,518,150$994,154$9,521,317
97$20,074,582$2,525,790$911,709$10,299,702
98$22,002,794$2,530,158$822,856$11,154,575
99$24,123,923$2,530,980$727,266$12,093,775
100$26,457,528$2,527,962$624,594$13,125,950