Can I retire at age 68 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$140,384$139,134$137,914$136,723$135,560$133,756
2 years$69,497$68,203$66,949$65,732$64,553$62,737
3 years$45,871$44,571$43,320$42,115$40,955$39,185
4 years$34,061$32,765$31,526$30,342$29,209$27,499
5 years$26,976$25,688$24,465$23,305$22,204$20,559
6 years$22,255$20,976$19,772$18,637$17,570$15,990
7 years$18,883$17,616$16,430$15,323$14,289$12,776
8 years$16,356$15,100$13,934$12,854$11,854$10,408
9 years$14,392$13,147$12,002$10,949$9,983$8,603
10 years$12,821$11,589$10,463$9,438$8,506$7,191
11 years$11,537$10,317$9,212$8,214$7,315$6,065
12 years$10,467$9,260$8,175$7,205$6,339$5,151
13 years$9,563$8,368$7,304$6,361$5,528$4,401
14 years$8,788$7,606$6,563$5,646$4,846$3,778
15 years$8,118$6,949$5,925$5,035$4,267$3,256
16 years$7,532$6,375$5,372$4,509$3,771$2,816
17 years$7,015$5,871$4,888$4,051$3,343$2,442
18 years$6,556$5,425$4,462$3,651$2,973$2,123
19 years$6,146$5,028$4,085$3,299$2,650$1,850
20 years$5,778$4,672$3,749$2,988$2,367$1,614
21 years$5,445$4,352$3,448$2,712$2,118$1,411
22 years$5,142$4,063$3,178$2,465$1,899$1,235
23 years$4,867$3,800$2,935$2,245$1,704$1,082
24 years$4,615$3,560$2,714$2,048$1,532$949
25 years$4,383$3,341$2,514$1,870$1,378$833
26 years$4,169$3,140$2,331$1,710$1,242$732
27 years$3,972$2,955$2,165$1,565$1,119$644
28 years$3,789$2,784$2,013$1,434$1,010$566
29 years$3,619$2,627$1,873$1,315$912$498
30 years$3,460$2,481$1,744$1,207$824$439
31 years$3,313$2,345$1,626$1,108$745$386
32 years$3,174$2,219$1,517$1,019$674$340
33 years$3,044$2,101$1,417$937$610$300
34 years$2,923$1,992$1,324$862$552$265
35 years$2,808$1,889$1,238$793$500$233
36 years$2,700$1,793$1,158$731$453$206
37 years$2,598$1,703$1,084$673$411$182
38 years$2,502$1,618$1,015$621$372$160
39 years$2,411$1,539$951$572$338$141
40 years$2,324$1,464$891$528$306$125
41 years$2,242$1,394$836$487$278$110
42 years$2,164$1,327$784$449$252$97
43 years$2,090$1,265$736$415$229$86
44 years$2,020$1,206$690$383$208$76
45 years$1,953$1,150$648$354$189$67
46 years$1,889$1,097$609$327$171$59
47 years$1,828$1,047$572$302$155$52
48 years$1,769$999$538$279$141$46
49 years$1,713$954$505$258$128$41
50 years$1,660$911$475$238$116$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,700,000, adding $2,753 every year, while hoping to spend $49,217 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: 70/15/15 Blend
67$1,700,000$1,700,000$1,700,000$1,700,000
68$1,876,240$1,786,140$1,759,790$2,000,954
69$2,015,250$1,821,294$1,766,376$2,119,364
70$2,166,789$1,856,521$1,771,534$2,242,742
71$2,332,084$1,891,773$1,775,163$2,376,502
72$2,512,484$1,926,998$1,777,158$2,521,662
73$2,709,474$1,962,137$1,777,410$2,679,340
74$2,924,690$1,997,132$1,775,802$2,850,771
75$3,159,932$2,031,915$1,772,215$3,037,315
76$3,417,181$2,066,415$1,766,521$3,240,470
77$3,698,621$2,100,556$1,758,586$3,461,886
78$4,006,653$2,134,256$1,748,271$3,703,382
79$4,343,923$2,167,427$1,735,431$3,966,964
80$4,713,346$2,199,973$1,719,910$4,254,841
81$5,118,130$2,231,795$1,701,550$4,569,446
82$5,561,809$2,262,782$1,680,181$4,913,464
83$6,048,274$2,292,819$1,655,628$5,289,850
84$6,581,812$2,321,781$1,627,706$5,701,863
85$7,167,145$2,349,536$1,596,221$6,153,095
86$7,809,472$2,375,941$1,560,973$6,647,503
87$8,514,521$2,400,846$1,521,749$7,189,451
88$9,288,603$2,424,088$1,478,328$7,783,745
89$10,138,668$2,445,495$1,430,479$8,435,684
90$11,072,372$2,464,885$1,377,960$9,151,110
91$12,098,149$2,482,060$1,320,518$9,936,457
92$13,225,293$2,496,813$1,257,887$10,798,821
93$14,464,039$2,508,923$1,189,793$11,746,021
94$15,825,665$2,518,154$1,115,945$12,786,674
95$17,322,595$2,524,256$1,036,041$13,930,279
96$18,968,517$2,526,962$949,765$15,187,304
97$20,778,512$2,525,989$856,789$16,569,287
98$22,769,195$2,521,038$756,767$18,088,944
99$24,958,874$2,511,790$649,339$19,760,293
100$27,367,717$2,497,905$534,130$21,598,780