Can I retire at age 68 with 1,630,000?

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 $1,630,000?

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$134,604$133,405$132,235$131,093$129,978$125,417
2 years$66,636$65,395$64,192$63,026$61,895$57,346
3 years$43,982$42,736$41,536$40,381$39,268$34,877
4 years$32,658$31,416$30,228$29,092$28,007$23,805
5 years$25,865$24,630$23,458$22,346$21,290$17,290
6 years$21,338$20,112$18,958$17,870$16,846$13,051
7 years$18,106$16,890$15,754$14,692$13,700$10,108
8 years$15,683$14,478$13,361$12,325$11,366$7,974
9 years$13,799$12,606$11,507$10,498$9,572$6,377
10 years$12,293$11,111$10,032$9,049$8,156$5,151
11 years$11,061$9,892$8,832$7,876$7,014$4,195
12 years$10,036$8,878$7,839$6,908$6,078$3,437
13 years$9,169$8,023$7,003$6,099$5,300$2,830
14 years$8,426$7,293$6,292$5,414$4,646$2,340
15 years$7,784$6,662$5,681$4,828$4,091$1,941
16 years$7,222$6,113$5,151$4,323$3,616$1,614
17 years$6,726$5,629$4,687$3,884$3,206$1,345
18 years$6,286$5,202$4,279$3,500$2,850$1,123
19 years$5,893$4,821$3,917$3,163$2,541$939
20 years$5,540$4,480$3,595$2,865$2,269$786
21 years$5,221$4,173$3,306$2,600$2,031$659
22 years$4,931$3,895$3,047$2,364$1,820$553
23 years$4,666$3,643$2,814$2,153$1,634$464
24 years$4,425$3,413$2,602$1,964$1,469$390
25 years$4,202$3,203$2,410$1,793$1,322$327
26 years$3,998$3,011$2,235$1,640$1,190$275
27 years$3,808$2,833$2,076$1,501$1,073$231
28 years$3,633$2,670$1,930$1,375$968$195
29 years$3,470$2,519$1,796$1,261$875$164
30 years$3,318$2,379$1,673$1,157$790$138
31 years$3,176$2,249$1,559$1,063$714$116
32 years$3,043$2,128$1,455$977$646$98
33 years$2,919$2,015$1,358$898$585$82
34 years$2,802$1,910$1,269$826$529$69
35 years$2,692$1,811$1,187$761$480$58
36 years$2,589$1,719$1,110$701$435$49
37 years$2,491$1,633$1,039$646$394$41
38 years$2,399$1,552$973$595$357$35
39 years$2,311$1,476$912$549$324$29
40 years$2,228$1,404$854$506$294$25
41 years$2,150$1,336$801$467$266$21
42 years$2,075$1,273$752$431$242$18
43 years$2,004$1,213$705$398$219$15
44 years$1,937$1,156$662$367$199$12
45 years$1,872$1,102$622$339$181$10
46 years$1,811$1,052$584$313$164$9
47 years$1,752$1,003$548$289$149$7
48 years$1,696$958$515$267$135$6
49 years$1,643$915$484$247$123$5
50 years$1,591$874$455$228$112$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,630,000, adding $5,178 every year, while hoping to spend $24,984 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: 80/11/9 Blend
67$1,630,000$1,630,000$1,630,000$1,630,000
68$1,801,601$1,715,211$1,689,946$1,942,919
69$1,958,782$1,772,674$1,719,977$2,093,787
70$2,131,157$1,832,115$1,750,176$2,255,496
71$2,320,251$1,893,604$1,780,523$2,432,198
72$2,527,742$1,957,216$1,810,995$2,625,376
73$2,755,478$2,023,026$1,841,570$2,836,669
74$3,005,495$2,091,112$1,872,221$3,067,876
75$3,280,036$2,161,557$1,902,920$3,320,984
76$3,581,571$2,234,445$1,933,640$3,598,176
77$3,912,823$2,309,865$1,964,348$3,901,860
78$4,276,789$2,387,906$1,995,012$4,234,687
79$4,676,773$2,468,665$2,025,596$4,599,576
80$5,116,413$2,552,239$2,056,063$4,999,743
81$5,599,719$2,638,730$2,086,373$5,438,731
82$6,131,107$2,728,245$2,116,483$5,920,442
83$6,715,444$2,820,892$2,146,349$6,449,174
84$7,358,090$2,916,787$2,175,923$7,029,663
85$8,064,953$3,016,047$2,205,154$7,667,126
86$8,842,540$3,118,795$2,233,989$8,367,309
87$9,698,023$3,225,160$2,262,371$9,136,544
88$10,639,301$3,335,273$2,290,240$9,981,805
89$11,675,080$3,449,272$2,317,534$10,910,777
90$12,814,952$3,567,300$2,344,185$11,931,926
91$14,069,485$3,689,505$2,370,123$13,054,580
92$15,450,323$3,816,042$2,395,273$14,289,017
93$16,970,298$3,947,070$2,419,556$15,646,559
94$18,643,548$4,082,755$2,442,891$17,139,682
95$20,485,651$4,223,272$2,465,189$18,782,131
96$22,513,773$4,368,798$2,486,358$20,589,054
97$24,746,829$4,519,520$2,506,302$22,577,137
98$27,205,661$4,675,632$2,524,919$24,764,769
99$29,913,236$4,837,335$2,542,101$27,172,209
100$32,894,860$5,004,839$2,557,736$29,821,782