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

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$139,559$138,316$137,103$135,919$134,763$132,530
2 years$69,088$67,802$66,555$65,346$64,173$61,930
3 years$45,601$44,309$43,065$41,868$40,714$38,531
4 years$33,860$32,572$31,341$30,163$29,037$26,931
5 years$26,817$25,537$24,322$23,168$22,074$20,050
6 years$22,124$20,853$19,655$18,528$17,466$15,527
7 years$18,772$17,512$16,334$15,233$14,205$12,351
8 years$16,260$15,011$13,852$12,778$11,784$10,015
9 years$14,307$13,070$11,931$10,884$9,924$8,239
10 years$12,745$11,520$10,402$9,382$8,456$6,854
11 years$11,469$10,256$9,157$8,166$7,272$5,751
12 years$10,405$9,205$8,127$7,162$6,302$4,860
13 years$9,507$8,319$7,261$6,323$5,495$4,130
14 years$8,737$7,562$6,524$5,613$4,817$3,527
15 years$8,070$6,908$5,890$5,006$4,241$3,023
16 years$7,487$6,338$5,340$4,482$3,749$2,600
17 years$6,974$5,837$4,860$4,027$3,324$2,242
18 years$6,518$5,393$4,436$3,629$2,955$1,938
19 years$6,110$4,999$4,061$3,279$2,634$1,678
20 years$5,744$4,645$3,727$2,970$2,353$1,456
21 years$5,413$4,327$3,428$2,696$2,106$1,265
22 years$5,112$4,039$3,160$2,451$1,887$1,100
23 years$4,838$3,777$2,917$2,232$1,694$958
24 years$4,587$3,539$2,698$2,036$1,523$835
25 years$4,357$3,321$2,499$1,859$1,370$729
26 years$4,145$3,121$2,318$1,700$1,234$636
27 years$3,949$2,938$2,152$1,556$1,113$556
28 years$3,767$2,768$2,001$1,426$1,004$486
29 years$3,598$2,611$1,862$1,307$907$425
30 years$3,440$2,466$1,734$1,200$819$371
31 years$3,293$2,331$1,617$1,102$741$325
32 years$3,156$2,206$1,508$1,013$670$285
33 years$3,027$2,089$1,408$931$606$249
34 years$2,905$1,980$1,316$857$549$218
35 years$2,791$1,878$1,230$789$497$191
36 years$2,684$1,782$1,151$726$451$167
37 years$2,583$1,693$1,077$669$408$147
38 years$2,487$1,609$1,009$617$370$129
39 years$2,396$1,530$945$569$336$113
40 years$2,310$1,456$886$525$304$99
41 years$2,229$1,386$831$484$276$87
42 years$2,152$1,320$779$447$251$76
43 years$2,078$1,257$731$412$227$67
44 years$2,008$1,198$686$381$206$58
45 years$1,941$1,143$644$352$187$51
46 years$1,878$1,090$605$325$170$45
47 years$1,817$1,040$569$300$155$39
48 years$1,759$993$534$277$140$34
49 years$1,703$948$502$256$127$30
50 years$1,650$906$472$237$116$27

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 $4,037 every year, while hoping to spend $26,713 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: 46/31/23 Blend
67$1,690,000$1,690,000$1,690,000$1,690,000
68$1,866,544$1,776,974$1,750,779$1,939,921
69$2,028,509$1,835,623$1,781,008$2,050,557
70$2,206,099$1,896,251$1,811,354$2,167,573
71$2,400,880$1,958,926$1,841,793$2,293,992
72$2,614,576$2,023,720$1,872,299$2,430,707
73$2,849,087$2,090,706$1,902,845$2,578,698
74$3,106,503$2,159,960$1,933,400$2,739,042
75$3,389,131$2,231,563$1,963,934$2,912,927
76$3,699,509$2,305,596$1,994,411$3,101,659
77$4,040,432$2,382,143$2,024,798$3,306,673
78$4,414,983$2,461,295$2,055,055$3,529,552
79$4,826,554$2,543,141$2,085,142$3,772,035
80$5,278,884$2,627,777$2,115,016$4,036,040
81$5,776,093$2,715,300$2,144,632$4,323,674
82$6,322,718$2,805,814$2,173,940$4,637,261
83$6,923,759$2,899,422$2,202,891$4,979,356
84$7,584,724$2,996,235$2,231,429$5,352,776
85$8,311,681$3,096,367$2,259,498$5,760,618
86$9,111,318$3,199,934$2,287,037$6,206,298
87$9,991,001$3,307,059$2,313,981$6,693,574
88$10,958,847$3,417,869$2,340,263$7,226,585
89$12,023,800$3,532,495$2,365,812$7,809,891
90$13,195,712$3,651,072$2,390,552$8,448,515
91$14,485,443$3,773,742$2,414,403$9,147,986
92$15,904,955$3,900,652$2,437,282$9,914,396
93$17,467,430$4,031,954$2,459,101$10,754,458
94$19,187,392$4,167,804$2,479,765$11,675,562
95$21,080,847$4,308,368$2,499,178$12,685,853
96$23,165,429$4,453,813$2,517,236$13,794,299
97$25,460,570$4,604,317$2,533,831$15,010,783
98$27,987,681$4,760,062$2,548,848$16,346,192
99$30,770,358$4,921,238$2,562,167$17,812,518
100$33,834,597$5,088,041$2,573,662$19,422,976