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

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$133,778$132,586$131,424$130,289$129,181$128,475
2 years$66,227$64,993$63,798$62,639$61,515$60,802
3 years$43,713$42,474$41,282$40,133$39,028$38,330
4 years$32,458$31,223$30,042$28,914$27,835$27,159
5 years$25,707$24,479$23,314$22,209$21,160$20,507
6 years$21,207$19,989$18,841$17,760$16,743$16,114
7 years$17,995$16,787$15,657$14,602$13,616$13,011
8 years$15,586$14,389$13,279$12,249$11,296$10,715
9 years$13,714$12,528$11,437$10,434$9,513$8,956
10 years$12,217$11,043$9,971$8,994$8,106$7,573
11 years$10,994$9,831$8,778$7,827$6,971$6,462
12 years$9,974$8,824$7,790$6,866$6,041$5,555
13 years$9,113$7,974$6,960$6,061$5,268$4,804
14 years$8,375$7,248$6,254$5,381$4,618$4,176
15 years$7,736$6,622$5,646$4,798$4,066$3,646
16 years$7,177$6,075$5,119$4,297$3,593$3,194
17 years$6,685$5,595$4,658$3,860$3,186$2,807
18 years$6,248$5,170$4,252$3,479$2,833$2,473
19 years$5,857$4,791$3,893$3,144$2,525$2,185
20 years$5,506$4,452$3,573$2,847$2,255$1,933
21 years$5,189$4,147$3,286$2,584$2,018$1,714
22 years$4,900$3,871$3,029$2,349$1,809$1,522
23 years$4,638$3,621$2,797$2,140$1,624$1,353
24 years$4,397$3,392$2,586$1,951$1,460$1,204
25 years$4,177$3,184$2,395$1,782$1,314$1,073
26 years$3,973$2,992$2,222$1,630$1,183$957
27 years$3,785$2,816$2,063$1,492$1,067$854
28 years$3,611$2,653$1,918$1,367$963$763
29 years$3,449$2,503$1,785$1,253$869$681
30 years$3,298$2,364$1,662$1,150$785$609
31 years$3,157$2,235$1,550$1,056$710$545
32 years$3,025$2,115$1,446$971$642$488
33 years$2,901$2,003$1,350$893$581$437
34 years$2,785$1,898$1,261$821$526$391
35 years$2,676$1,800$1,179$756$477$351
36 years$2,573$1,709$1,103$696$432$314
37 years$2,476$1,623$1,033$642$391$282
38 years$2,384$1,542$967$591$355$253
39 years$2,297$1,467$906$545$322$227
40 years$2,215$1,395$849$503$292$203
41 years$2,137$1,328$796$464$265$182
42 years$2,062$1,265$747$428$240$164
43 years$1,992$1,205$701$395$218$147
44 years$1,925$1,149$658$365$198$132
45 years$1,861$1,095$618$337$180$118
46 years$1,800$1,045$580$311$163$106
47 years$1,742$997$545$288$148$95
48 years$1,686$952$512$266$135$86
49 years$1,633$909$481$246$122$77
50 years$1,582$868$453$227$111$69

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 $5,313 every year, while hoping to spend $21,882 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: 64/24/12 Blend
67$1,620,000$1,620,000$1,620,000$1,620,000
68$1,790,720$1,704,860$1,679,750$1,900,053
69$1,950,092$1,765,116$1,712,740$2,034,047
70$2,124,985$1,827,591$1,746,101$2,177,322
71$2,316,962$1,892,371$1,779,823$2,333,272
72$2,527,739$1,959,545$1,813,895$2,503,129
73$2,759,211$2,029,205$1,848,303$2,688,252
74$3,013,463$2,101,448$1,883,033$2,890,133
75$3,292,792$2,176,375$1,918,071$3,110,417
76$3,599,730$2,254,090$1,953,399$3,350,912
77$3,937,063$2,334,702$1,988,999$3,613,611
78$4,307,865$2,418,324$2,024,852$3,900,705
79$4,715,519$2,505,074$2,060,936$4,214,610
80$5,163,754$2,595,074$2,097,229$4,557,981
81$5,656,677$2,688,453$2,133,707$4,933,747
82$6,198,815$2,785,343$2,170,342$5,345,128
83$6,795,152$2,885,884$2,207,107$5,795,674
84$7,451,184$2,990,219$2,243,972$6,289,291
85$8,172,964$3,098,498$2,280,904$6,830,283
86$8,967,160$3,210,878$2,317,868$7,423,389
87$9,841,122$3,327,523$2,354,828$8,073,828
88$10,802,946$3,448,601$2,391,745$8,787,348
89$11,861,555$3,574,291$2,428,576$9,570,282
90$13,026,777$3,704,775$2,465,277$10,429,603
91$14,309,446$3,840,246$2,501,801$11,372,994
92$15,721,496$3,980,905$2,538,098$12,408,915
93$17,276,078$4,126,959$2,574,114$13,546,690
94$18,987,684$4,278,626$2,609,793$14,796,585
95$20,872,281$4,436,132$2,645,074$16,169,912
96$22,947,465$4,599,713$2,679,895$17,679,132
97$25,232,622$4,769,616$2,714,188$19,337,973
98$27,749,119$4,946,096$2,747,882$21,161,559
99$30,520,495$5,129,420$2,780,902$23,166,550
100$33,572,692$5,319,868$2,813,169$25,371,303