Can I retire at age 68 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$142,036$140,771$139,536$138,332$137,155$132,500
2 years$70,315$69,005$67,736$66,506$65,312$60,668
3 years$46,411$45,096$43,830$42,611$41,437$36,951
4 years$34,461$33,150$31,897$30,699$29,553$25,259
5 years$27,293$25,990$24,753$23,580$22,466$18,375
6 years$22,516$21,223$20,004$18,857$17,776$13,892
7 years$19,106$17,823$16,624$15,503$14,457$10,779
8 years$16,549$15,278$14,098$13,005$11,993$8,518
9 years$14,561$13,302$12,143$11,078$10,100$6,824
10 years$12,972$11,725$10,586$9,549$8,606$5,523
11 years$11,672$10,438$9,320$8,310$7,401$4,506
12 years$10,590$9,369$8,271$7,289$6,414$3,700
13 years$9,675$8,466$7,390$6,435$5,593$3,053
14 years$8,892$7,696$6,640$5,713$4,903$2,529
15 years$8,213$7,030$5,995$5,095$4,317$2,102
16 years$7,620$6,450$5,435$4,562$3,815$1,752
17 years$7,098$5,940$4,946$4,099$3,383$1,463
18 years$6,633$5,489$4,515$3,694$3,008$1,225
19 years$6,219$5,087$4,133$3,338$2,681$1,026
20 years$5,846$4,727$3,793$3,023$2,395$861
21 years$5,509$4,403$3,489$2,743$2,143$723
22 years$5,203$4,110$3,216$2,494$1,921$608
23 years$4,924$3,844$2,969$2,272$1,724$512
24 years$4,669$3,602$2,746$2,072$1,550$431
25 years$4,434$3,380$2,543$1,892$1,395$363
26 years$4,218$3,177$2,359$1,730$1,256$306
27 years$4,019$2,990$2,190$1,584$1,133$258
28 years$3,834$2,817$2,036$1,451$1,022$217
29 years$3,661$2,658$1,895$1,331$923$183
30 years$3,501$2,510$1,765$1,221$834$155
31 years$3,352$2,373$1,645$1,121$754$130
32 years$3,212$2,245$1,535$1,031$682$110
33 years$3,080$2,126$1,433$948$617$93
34 years$2,957$2,015$1,339$872$559$78
35 years$2,841$1,911$1,252$803$506$66
36 years$2,732$1,814$1,171$739$459$56
37 years$2,629$1,723$1,096$681$416$47
38 years$2,531$1,637$1,027$628$377$40
39 years$2,439$1,557$962$579$342$34
40 years$2,352$1,481$902$534$310$28
41 years$2,269$1,410$845$493$281$24
42 years$2,190$1,343$793$455$255$20
43 years$2,115$1,280$744$420$232$17
44 years$2,044$1,220$699$388$210$14
45 years$1,976$1,163$656$358$191$12
46 years$1,911$1,110$616$331$173$10
47 years$1,849$1,059$579$305$157$9
48 years$1,790$1,011$544$282$143$7
49 years$1,733$965$511$261$130$6
50 years$1,679$922$481$241$118$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,720,000, adding $6,562 every year, while hoping to spend $55,665 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: 34/42/24 Blend
67$1,720,000$1,720,000$1,720,000$1,720,000
68$1,902,209$1,811,049$1,784,389$1,952,803
69$2,037,007$1,840,563$1,784,939$2,020,626
70$2,183,689$1,869,658$1,783,641$2,088,200
71$2,343,408$1,898,254$1,780,376$2,159,954
72$2,517,433$1,926,266$1,775,016$2,236,296
73$2,707,162$1,953,603$1,767,430$2,317,675
74$2,914,130$1,980,168$1,757,477$2,404,591
75$3,140,031$2,005,856$1,745,012$2,497,595
76$3,386,726$2,030,555$1,729,882$2,597,298
77$3,656,267$2,054,146$1,711,927$2,704,377
78$3,950,909$2,076,503$1,690,980$2,819,579
79$4,273,139$2,097,488$1,666,865$2,943,732
80$4,625,692$2,116,958$1,639,397$3,077,753
81$5,011,581$2,134,758$1,608,386$3,222,654
82$5,434,124$2,150,723$1,573,629$3,379,557
83$5,896,975$2,164,678$1,534,915$3,549,700
84$6,404,156$2,176,437$1,492,024$3,734,455
85$6,960,099$2,185,801$1,444,726$3,935,338
86$7,569,683$2,192,560$1,392,779$4,154,024
87$8,238,284$2,196,489$1,335,931$4,392,366
88$8,971,823$2,197,350$1,273,918$4,652,412
89$9,776,819$2,194,890$1,206,464$4,936,426
90$10,660,455$2,188,841$1,133,282$5,246,909
91$11,630,644$2,178,917$1,054,069$5,586,626
92$12,696,102$2,164,815$968,512$5,958,630
93$13,866,428$2,146,215$876,281$6,366,298
94$15,152,201$2,122,777$777,034$6,813,355
95$16,565,071$2,094,139$670,410$7,303,922
96$18,117,875$2,059,919$556,036$7,842,545
97$19,824,756$2,019,712$433,520$8,434,249
98$21,701,292$1,973,089$302,454$9,084,580
99$23,764,649$1,919,595$162,412$9,799,664
100$26,033,737$1,858,750$12,947$10,586,266