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%12.9%
1 years$137,907$136,679$135,480$134,310$133,168$131,559
2 years$68,271$66,999$65,767$64,572$63,413$61,794
3 years$45,062$43,785$42,556$41,372$40,232$38,652
4 years$33,460$32,186$30,970$29,806$28,694$27,166
5 years$26,500$25,235$24,034$22,894$21,813$20,342
6 years$21,862$20,606$19,423$18,309$17,260$15,847
7 years$18,550$17,305$16,140$15,052$14,037$12,683
8 years$16,068$14,833$13,688$12,627$11,645$10,350
9 years$14,138$12,915$11,790$10,756$9,807$8,570
10 years$12,595$11,384$10,279$9,271$8,356$7,177
11 years$11,333$10,135$9,049$8,069$7,186$6,064
12 years$10,282$9,096$8,031$7,077$6,227$5,160
13 years$9,394$8,220$7,175$6,248$5,430$4,417
14 years$8,633$7,472$6,447$5,547$4,760$3,800
15 years$7,975$6,826$5,821$4,947$4,191$3,281
16 years$7,399$6,263$5,277$4,429$3,704$2,844
17 years$6,891$5,768$4,802$3,980$3,284$2,471
18 years$6,441$5,330$4,384$3,586$2,920$2,153
19 years$6,038$4,939$4,013$3,241$2,603$1,880
20 years$5,676$4,590$3,683$2,935$2,325$1,644
21 years$5,349$4,275$3,388$2,664$2,081$1,441
22 years$5,052$3,991$3,122$2,422$1,865$1,264
23 years$4,781$3,733$2,883$2,206$1,674$1,110
24 years$4,533$3,497$2,666$2,012$1,505$976
25 years$4,306$3,282$2,469$1,837$1,354$859
26 years$4,096$3,084$2,290$1,680$1,220$756
27 years$3,902$2,903$2,127$1,538$1,100$666
28 years$3,722$2,735$1,977$1,409$992$588
29 years$3,555$2,580$1,840$1,292$896$518
30 years$3,399$2,437$1,714$1,186$810$458
31 years$3,254$2,304$1,598$1,089$732$404
32 years$3,118$2,180$1,491$1,001$662$357
33 years$2,991$2,064$1,392$920$599$315
34 years$2,871$1,957$1,300$847$542$279
35 years$2,758$1,856$1,216$779$491$246
36 years$2,652$1,761$1,137$718$445$218
37 years$2,552$1,673$1,065$661$403$193
38 years$2,458$1,590$997$610$366$170
39 years$2,368$1,512$934$562$332$151
40 years$2,283$1,438$875$518$301$133
41 years$2,203$1,369$821$478$273$118
42 years$2,126$1,304$770$441$248$105
43 years$2,053$1,242$723$408$225$93
44 years$1,984$1,184$678$376$204$82
45 years$1,918$1,129$637$347$185$72
46 years$1,855$1,077$598$321$168$64
47 years$1,795$1,028$562$297$153$57
48 years$1,738$981$528$274$139$50
49 years$1,683$937$496$253$126$45
50 years$1,631$895$467$234$114$39

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 $3,313 every year, while hoping to spend $48,767 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: 53/32/15 Blend
67$1,670,000$1,670,000$1,670,000$1,670,000
68$1,843,757$1,755,247$1,729,362$1,933,905
69$1,979,933$1,789,367$1,735,408$2,029,965
70$2,128,364$1,823,524$1,740,022$2,128,961
71$2,290,249$1,857,668$1,743,105$2,235,577
72$2,466,907$1,891,747$1,744,552$2,350,550
73$2,659,791$1,925,701$1,744,253$2,474,691
74$2,870,498$1,959,469$1,742,094$2,608,896
75$3,100,789$1,992,983$1,737,955$2,754,150
76$3,352,600$2,026,171$1,731,707$2,911,543
77$3,628,066$2,058,954$1,723,220$3,082,272
78$3,929,535$2,091,248$1,712,354$3,267,660
79$4,259,592$2,122,964$1,698,963$3,469,166
80$4,621,087$2,154,006$1,682,894$3,688,396
81$5,017,155$2,184,269$1,663,988$3,927,123
82$5,451,251$2,213,644$1,642,078$4,187,303
83$5,927,178$2,242,013$1,616,987$4,471,089
84$6,449,127$2,269,248$1,588,533$4,780,858
85$7,021,712$2,295,215$1,556,523$5,119,231
86$7,650,016$2,319,770$1,520,755$5,489,096
87$8,339,638$2,342,759$1,481,021$5,893,641
88$9,096,744$2,364,018$1,437,099$6,336,378
89$9,928,130$2,383,372$1,388,759$6,821,180
90$10,841,277$2,400,636$1,335,761$7,352,319
91$11,844,430$2,415,610$1,277,852$7,934,504
92$12,946,672$2,428,084$1,214,769$8,572,929
93$14,158,006$2,437,834$1,146,238$9,273,319
94$15,489,456$2,444,622$1,071,971$10,041,988
95$16,953,165$2,448,193$991,666$10,885,897
96$18,562,512$2,448,278$905,010$11,812,720
97$20,332,236$2,444,591$811,676$12,830,921
98$22,278,576$2,436,828$711,319$13,949,828
99$24,419,425$2,424,667$603,583$15,179,729
100$26,774,497$2,407,766$488,093$16,531,965