Can I retire at age 68 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$137,907$136,679$135,480$134,310$133,168$131,832
2 years$68,271$66,999$65,767$64,572$63,413$62,068
3 years$45,062$43,785$42,556$41,372$40,232$38,919
4 years$33,460$32,186$30,970$29,806$28,694$27,423
5 years$26,500$25,235$24,034$22,894$21,813$20,587
6 years$21,862$20,606$19,423$18,309$17,260$16,082
7 years$18,550$17,305$16,140$15,052$14,037$12,907
8 years$16,068$14,833$13,688$12,627$11,645$10,563
9 years$14,138$12,915$11,790$10,756$9,807$8,772
10 years$12,595$11,384$10,279$9,271$8,356$7,368
11 years$11,333$10,135$9,049$8,069$7,186$6,245
12 years$10,282$9,096$8,031$7,077$6,227$5,331
13 years$9,394$8,220$7,175$6,248$5,430$4,578
14 years$8,633$7,472$6,447$5,547$4,760$3,951
15 years$7,975$6,826$5,821$4,947$4,191$3,424
16 years$7,399$6,263$5,277$4,429$3,704$2,978
17 years$6,891$5,768$4,802$3,980$3,284$2,597
18 years$6,441$5,330$4,384$3,586$2,920$2,271
19 years$6,038$4,939$4,013$3,241$2,603$1,990
20 years$5,676$4,590$3,683$2,935$2,325$1,747
21 years$5,349$4,275$3,388$2,664$2,081$1,536
22 years$5,052$3,991$3,122$2,422$1,865$1,352
23 years$4,781$3,733$2,883$2,206$1,674$1,192
24 years$4,533$3,497$2,666$2,012$1,505$1,052
25 years$4,306$3,282$2,469$1,837$1,354$930
26 years$4,096$3,084$2,290$1,680$1,220$822
27 years$3,902$2,903$2,127$1,538$1,100$727
28 years$3,722$2,735$1,977$1,409$992$644
29 years$3,555$2,580$1,840$1,292$896$570
30 years$3,399$2,437$1,714$1,186$810$505
31 years$3,254$2,304$1,598$1,089$732$448
32 years$3,118$2,180$1,491$1,001$662$398
33 years$2,991$2,064$1,392$920$599$353
34 years$2,871$1,957$1,300$847$542$313
35 years$2,758$1,856$1,216$779$491$278
36 years$2,652$1,761$1,137$718$445$247
37 years$2,552$1,673$1,065$661$403$219
38 years$2,458$1,590$997$610$366$195
39 years$2,368$1,512$934$562$332$173
40 years$2,283$1,438$875$518$301$154
41 years$2,203$1,369$821$478$273$137
42 years$2,126$1,304$770$441$248$121
43 years$2,053$1,242$723$408$225$108
44 years$1,984$1,184$678$376$204$96
45 years$1,918$1,129$637$347$185$85
46 years$1,855$1,077$598$321$168$76
47 years$1,795$1,028$562$297$153$67
48 years$1,738$981$528$274$139$60
49 years$1,683$937$496$253$126$53
50 years$1,631$895$467$234$114$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,670,000, adding $3,456 every year, while hoping to spend $58,482 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: 38/32/30 Blend
67$1,670,000$1,670,000$1,670,000$1,670,000
68$1,843,905$1,755,395$1,729,510$1,897,409
69$1,969,759$1,779,185$1,725,224$1,961,012
70$2,106,490$1,802,180$1,718,835$2,024,133
71$2,255,145$1,824,281$1,710,209$2,091,259
72$2,416,878$1,845,379$1,699,210$2,162,793
73$2,592,957$1,865,360$1,685,690$2,239,182
74$2,784,777$1,884,100$1,669,499$2,320,922
75$2,993,873$1,901,470$1,650,476$2,408,564
76$3,221,937$1,917,331$1,628,455$2,502,716
77$3,470,827$1,931,533$1,603,262$2,604,055
78$3,742,592$1,943,919$1,574,712$2,713,327
79$4,039,487$1,954,321$1,542,615$2,831,361
80$4,363,991$1,962,560$1,506,769$2,959,075
81$4,718,838$1,968,445$1,466,966$3,097,483
82$5,107,036$1,971,775$1,422,985$3,247,710
83$5,531,897$1,972,335$1,374,598$3,410,999
84$5,997,067$1,969,896$1,321,564$3,588,727
85$6,506,564$1,964,217$1,263,633$3,782,417
86$7,064,810$1,955,040$1,200,541$3,993,754
87$7,676,676$1,942,093$1,132,014$4,224,600
88$8,347,527$1,925,085$1,057,767$4,477,017
89$9,083,271$1,903,711$977,499$4,753,284
90$9,890,417$1,877,645$890,897$5,055,919
91$10,776,133$1,846,543$797,635$5,387,707
92$11,748,313$1,810,038$697,371$5,751,726
93$12,815,656$1,767,745$589,748$6,151,379
94$13,987,741$1,719,253$474,393$6,590,424
95$15,275,124$1,664,129$350,918$7,073,015
96$16,689,429$1,601,914$218,916$7,603,742
97$18,243,465$1,532,122$77,964$8,187,672
98$19,951,342$1,454,239$0$8,830,405
99$21,828,604$1,367,722$0$9,561,320
100$23,892,377$1,271,996$0$10,392,192