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

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$137,081$135,860$134,669$133,506$132,371$129,645
2 years$67,862$66,598$65,373$64,186$63,034$60,300
3 years$44,792$43,523$42,301$41,124$39,991$37,335
4 years$33,259$31,994$30,784$29,628$28,522$25,963
5 years$26,341$25,083$23,890$22,757$21,682$19,228
6 years$21,731$20,483$19,306$18,199$17,156$14,810
7 years$18,439$17,201$16,044$14,962$13,953$11,715
8 years$15,971$14,745$13,606$12,552$11,575$9,445
9 years$14,053$12,838$11,719$10,691$9,748$7,723
10 years$12,519$11,316$10,217$9,216$8,306$6,385
11 years$11,265$10,074$8,995$8,021$7,143$5,324
12 years$10,221$9,042$7,983$7,035$6,190$4,470
13 years$9,338$8,171$7,132$6,211$5,398$3,774
14 years$8,582$7,427$6,408$5,513$4,732$3,201
15 years$7,927$6,785$5,786$4,917$4,166$2,725
16 years$7,354$6,225$5,246$4,403$3,682$2,327
17 years$6,850$5,733$4,773$3,956$3,265$1,992
18 years$6,402$5,298$4,357$3,565$2,903$1,710
19 years$6,002$4,910$3,989$3,221$2,587$1,470
20 years$5,642$4,562$3,661$2,917$2,311$1,266
21 years$5,317$4,250$3,367$2,648$2,068$1,091
22 years$5,021$3,967$3,104$2,407$1,854$942
23 years$4,752$3,710$2,866$2,192$1,664$814
24 years$4,506$3,476$2,650$2,000$1,496$704
25 years$4,280$3,262$2,455$1,826$1,346$609
26 years$4,071$3,066$2,276$1,670$1,212$528
27 years$3,878$2,885$2,114$1,528$1,093$457
28 years$3,700$2,719$1,965$1,400$986$396
29 years$3,534$2,565$1,829$1,284$891$344
30 years$3,379$2,422$1,703$1,179$805$298
31 years$3,235$2,290$1,588$1,082$728$259
32 years$3,099$2,167$1,482$995$658$225
33 years$2,973$2,052$1,383$915$596$195
34 years$2,854$1,945$1,293$842$539$169
35 years$2,742$1,845$1,208$775$488$147
36 years$2,636$1,751$1,131$714$443$128
37 years$2,537$1,663$1,058$657$401$111
38 years$2,443$1,580$991$606$364$96
39 years$2,354$1,503$928$559$330$84
40 years$2,269$1,430$870$515$299$73
41 years$2,189$1,361$816$475$271$63
42 years$2,113$1,296$765$439$246$55
43 years$2,041$1,235$718$405$223$48
44 years$1,972$1,177$674$374$203$42
45 years$1,907$1,123$633$345$184$36
46 years$1,844$1,071$595$319$167$31
47 years$1,785$1,022$559$295$152$27
48 years$1,727$976$525$272$138$24
49 years$1,673$932$493$252$125$21
50 years$1,621$890$464$233$114$18

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 $4,734 every year, while hoping to spend $42,645 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: 63/26/11 Blend
67$1,660,000$1,660,000$1,660,000$1,660,000
68$1,834,203$1,746,223$1,720,493$1,944,879
69$1,975,918$1,786,414$1,732,756$2,059,677
70$2,130,658$1,827,145$1,744,000$2,179,609
71$2,299,708$1,868,398$1,754,146$2,309,497
72$2,484,480$1,910,151$1,763,112$2,450,307
73$2,686,530$1,952,381$1,770,809$2,603,102
74$2,907,571$1,995,063$1,777,146$2,769,054
75$3,149,489$2,038,167$1,782,027$2,949,454
76$3,414,361$2,081,662$1,785,349$3,145,723
77$3,704,475$2,125,512$1,787,007$3,359,429
78$4,022,348$2,169,679$1,786,888$3,592,296
79$4,370,755$2,214,120$1,784,876$3,846,225
80$4,752,750$2,258,791$1,780,848$4,123,312
81$5,171,699$2,303,639$1,774,674$4,425,864
82$5,631,306$2,348,612$1,766,220$4,756,423
83$6,135,655$2,393,649$1,755,344$5,117,791
84$6,689,240$2,438,687$1,741,897$5,513,056
85$7,297,016$2,483,655$1,725,723$5,945,620
86$7,964,437$2,528,479$1,706,660$6,419,232
87$8,697,513$2,573,079$1,684,537$6,938,021
88$9,502,865$2,617,365$1,659,175$7,506,542
89$10,387,787$2,661,246$1,630,387$8,129,811
90$11,360,313$2,704,618$1,597,976$8,813,356
91$12,429,295$2,747,375$1,561,739$9,563,271
92$13,604,485$2,789,399$1,521,460$10,386,269
93$14,896,629$2,830,565$1,476,914$11,289,751
94$16,317,562$2,870,740$1,427,868$12,281,873
95$17,880,327$2,909,780$1,374,075$13,371,621
96$19,599,293$2,947,532$1,315,279$14,568,900
97$21,490,291$2,983,831$1,251,211$15,884,628
98$23,570,764$3,018,503$1,181,591$17,330,834
99$25,859,933$3,051,360$1,106,125$18,920,778
100$28,378,973$3,082,204$1,024,507$20,669,072