Can I retire at age 68 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$137,081$135,860$134,669$133,506$132,371$131,758
2 years$67,862$66,598$65,373$64,186$63,034$62,415
3 years$44,792$43,523$42,301$41,124$39,991$39,386
4 years$33,259$31,994$30,784$29,628$28,522$27,935
5 years$26,341$25,083$23,890$22,757$21,682$21,114
6 years$21,731$20,483$19,306$18,199$17,156$16,609
7 years$18,439$17,201$16,044$14,962$13,953$13,426
8 years$15,971$14,745$13,606$12,552$11,575$11,070
9 years$14,053$12,838$11,719$10,691$9,748$9,263
10 years$12,519$11,316$10,217$9,216$8,306$7,841
11 years$11,265$10,074$8,995$8,021$7,143$6,699
12 years$10,221$9,042$7,983$7,035$6,190$5,766
13 years$9,338$8,171$7,132$6,211$5,398$4,993
14 years$8,582$7,427$6,408$5,513$4,732$4,346
15 years$7,927$6,785$5,786$4,917$4,166$3,799
16 years$7,354$6,225$5,246$4,403$3,682$3,333
17 years$6,850$5,733$4,773$3,956$3,265$2,933
18 years$6,402$5,298$4,357$3,565$2,903$2,588
19 years$6,002$4,910$3,989$3,221$2,587$2,289
20 years$5,642$4,562$3,661$2,917$2,311$2,029
21 years$5,317$4,250$3,367$2,648$2,068$1,801
22 years$5,021$3,967$3,104$2,407$1,854$1,601
23 years$4,752$3,710$2,866$2,192$1,664$1,426
24 years$4,506$3,476$2,650$2,000$1,496$1,271
25 years$4,280$3,262$2,455$1,826$1,346$1,134
26 years$4,071$3,066$2,276$1,670$1,212$1,013
27 years$3,878$2,885$2,114$1,528$1,093$906
28 years$3,700$2,719$1,965$1,400$986$810
29 years$3,534$2,565$1,829$1,284$891$725
30 years$3,379$2,422$1,703$1,179$805$649
31 years$3,235$2,290$1,588$1,082$728$582
32 years$3,099$2,167$1,482$995$658$522
33 years$2,973$2,052$1,383$915$596$468
34 years$2,854$1,945$1,293$842$539$420
35 years$2,742$1,845$1,208$775$488$377
36 years$2,636$1,751$1,131$714$443$338
37 years$2,537$1,663$1,058$657$401$304
38 years$2,443$1,580$991$606$364$273
39 years$2,354$1,503$928$559$330$245
40 years$2,269$1,430$870$515$299$220
41 years$2,189$1,361$816$475$271$198
42 years$2,113$1,296$765$439$246$178
43 years$2,041$1,235$718$405$223$160
44 years$1,972$1,177$674$374$203$144
45 years$1,907$1,123$633$345$184$129
46 years$1,844$1,071$595$319$167$116
47 years$1,785$1,022$559$295$152$105
48 years$1,727$976$525$272$138$94
49 years$1,673$932$493$252$125$85
50 years$1,621$890$464$233$114$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,660,000, adding $4,388 every year, while hoping to spend $48,838 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: 39/35/26 Blend
67$1,660,000$1,660,000$1,660,000$1,660,000
68$1,833,846$1,745,866$1,720,136$1,891,066
69$1,968,935$1,779,450$1,725,798$1,966,684
70$2,116,167$1,813,043$1,730,012$2,043,535
71$2,276,727$1,846,594$1,732,679$2,125,686
72$2,451,923$1,880,047$1,733,693$2,213,651
73$2,643,193$1,913,343$1,732,945$2,307,996
74$2,852,119$1,946,417$1,730,319$2,409,348
75$3,080,444$1,979,200$1,725,694$2,518,396
76$3,330,087$2,011,619$1,718,942$2,635,905
77$3,603,159$2,043,592$1,709,931$2,762,717
78$3,901,987$2,075,034$1,698,519$2,899,763
79$4,229,132$2,105,852$1,684,562$3,048,070
80$4,587,414$2,135,949$1,667,904$3,208,773
81$4,979,938$2,165,218$1,648,387$3,383,124
82$5,410,124$2,193,547$1,625,841$3,572,508
83$5,881,740$2,220,814$1,600,090$3,778,451
84$6,398,934$2,246,890$1,570,949$4,002,640
85$6,966,275$2,271,637$1,538,226$4,246,936
86$7,588,796$2,294,909$1,501,717$4,513,394
87$8,272,041$2,316,548$1,461,213$4,804,282
88$9,022,117$2,336,386$1,416,491$5,122,104
89$9,845,750$2,354,246$1,367,321$5,469,623
90$10,750,350$2,369,937$1,313,459$5,849,890
91$11,744,079$2,383,258$1,254,654$6,266,270
92$12,835,931$2,393,993$1,190,640$6,722,478
93$14,035,811$2,401,914$1,121,142$7,222,615
94$15,354,633$2,406,777$1,045,869$7,771,204
95$16,804,420$2,408,324$964,521$8,373,236
96$18,398,420$2,406,281$876,781$9,034,219
97$20,151,227$2,400,356$782,321$9,760,231
98$22,078,918$2,390,240$680,796$10,557,975
99$24,199,211$2,375,605$571,845$11,434,849
100$26,531,623$2,356,103$455,095$12,399,014