Can I retire at age 68 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$139,559$138,316$137,103$135,919$134,763$131,080
2 years$69,088$67,802$66,555$65,346$64,173$60,489
3 years$45,601$44,309$43,065$41,868$40,714$37,145
4 years$33,860$32,572$31,341$30,163$29,037$25,610
5 years$26,817$25,537$24,322$23,168$22,074$18,798
6 years$22,124$20,853$19,655$18,528$17,466$14,345
7 years$18,772$17,512$16,334$15,233$14,205$11,239
8 years$16,260$15,011$13,852$12,778$11,784$8,971
9 years$14,307$13,070$11,931$10,884$9,924$7,262
10 years$12,745$11,520$10,402$9,382$8,456$5,940
11 years$11,469$10,256$9,157$8,166$7,272$4,900
12 years$10,405$9,205$8,127$7,162$6,302$4,069
13 years$9,507$8,319$7,261$6,323$5,495$3,396
14 years$8,737$7,562$6,524$5,613$4,817$2,847
15 years$8,070$6,908$5,890$5,006$4,241$2,395
16 years$7,487$6,338$5,340$4,482$3,749$2,021
17 years$6,974$5,837$4,860$4,027$3,324$1,709
18 years$6,518$5,393$4,436$3,629$2,955$1,448
19 years$6,110$4,999$4,061$3,279$2,634$1,229
20 years$5,744$4,645$3,727$2,970$2,353$1,045
21 years$5,413$4,327$3,428$2,696$2,106$889
22 years$5,112$4,039$3,160$2,451$1,887$758
23 years$4,838$3,777$2,917$2,232$1,694$646
24 years$4,587$3,539$2,698$2,036$1,523$551
25 years$4,357$3,321$2,499$1,859$1,370$471
26 years$4,145$3,121$2,318$1,700$1,234$402
27 years$3,949$2,938$2,152$1,556$1,113$344
28 years$3,767$2,768$2,001$1,426$1,004$294
29 years$3,598$2,611$1,862$1,307$907$251
30 years$3,440$2,466$1,734$1,200$819$215
31 years$3,293$2,331$1,617$1,102$741$184
32 years$3,156$2,206$1,508$1,013$670$157
33 years$3,027$2,089$1,408$931$606$135
34 years$2,905$1,980$1,316$857$549$115
35 years$2,791$1,878$1,230$789$497$99
36 years$2,684$1,782$1,151$726$451$85
37 years$2,583$1,693$1,077$669$408$72
38 years$2,487$1,609$1,009$617$370$62
39 years$2,396$1,530$945$569$336$53
40 years$2,310$1,456$886$525$304$46
41 years$2,229$1,386$831$484$276$39
42 years$2,152$1,320$779$447$251$33
43 years$2,078$1,257$731$412$227$29
44 years$2,008$1,198$686$381$206$25
45 years$1,941$1,143$644$352$187$21
46 years$1,878$1,090$605$325$170$18
47 years$1,817$1,040$569$300$155$15
48 years$1,759$993$534$277$140$13
49 years$1,703$948$502$256$127$11
50 years$1,650$906$472$237$116$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,690,000, adding $4,269 every year, while hoping to spend $40,376 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: 32/40/28 Blend
67$1,690,000$1,690,000$1,690,000$1,690,000
68$1,866,783$1,777,213$1,751,018$1,910,460
69$2,014,236$1,821,337$1,766,718$1,988,433
70$2,175,375$1,866,270$1,781,590$2,068,498
71$2,351,554$1,912,008$1,795,564$2,153,948
72$2,544,264$1,958,548$1,808,567$2,245,284
73$2,755,145$2,005,883$1,820,520$2,343,062
74$2,986,004$2,054,005$1,831,342$2,447,890
75$3,238,830$2,102,905$1,840,946$2,560,442
76$3,515,815$2,152,572$1,849,241$2,681,459
77$3,819,371$2,202,990$1,856,134$2,811,758
78$4,152,155$2,254,145$1,861,522$2,952,242
79$4,517,094$2,306,018$1,865,303$3,103,904
80$4,917,412$2,358,587$1,867,364$3,267,840
81$5,356,658$2,411,828$1,867,592$3,445,259
82$5,838,745$2,465,715$1,865,863$3,637,494
83$6,367,979$2,520,217$1,862,052$3,846,014
84$6,949,106$2,575,301$1,856,024$4,072,440
85$7,587,353$2,630,929$1,847,639$4,318,559
86$8,288,478$2,687,060$1,836,750$4,586,343
87$9,058,826$2,743,648$1,823,204$4,877,964
88$9,905,384$2,800,645$1,806,839$5,195,820
89$10,835,851$2,857,995$1,787,487$5,542,555
90$11,858,710$2,915,639$1,764,970$5,921,082
91$12,983,306$2,973,512$1,739,103$6,334,617
92$14,219,932$3,031,544$1,709,692$6,786,706
93$15,579,933$3,089,657$1,676,535$7,281,256
94$17,075,805$3,147,769$1,639,418$7,822,579
95$18,721,318$3,205,791$1,598,119$8,415,428
96$20,531,642$3,263,624$1,552,406$9,065,046
97$22,523,493$3,321,166$1,502,035$9,777,213
98$24,715,288$3,378,301$1,446,752$10,558,303
99$27,127,320$3,434,910$1,386,290$11,415,343
100$29,781,948$3,490,862$1,320,372$12,356,084