Can I retire at age 68 with 1,730,000?

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 $1,730,000?

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$142,862$141,589$140,348$139,136$137,953$136,285
2 years$70,724$69,406$68,130$66,892$65,692$64,014
3 years$46,681$45,358$44,085$42,859$41,678$40,041
4 years$34,662$33,343$32,082$30,877$29,725$28,142
5 years$27,452$26,141$24,897$23,717$22,596$21,073
6 years$22,647$21,346$20,121$18,966$17,880$16,417
7 years$19,217$17,927$16,720$15,593$14,541$13,139
8 years$16,645$15,366$14,180$13,081$12,063$10,722
9 years$14,646$13,379$12,213$11,142$10,159$8,878
10 years$13,047$11,793$10,648$9,604$8,656$7,435
11 years$11,740$10,499$9,374$8,359$7,444$6,282
12 years$10,652$9,423$8,319$7,332$6,451$5,346
13 years$9,732$8,516$7,433$6,473$5,626$4,576
14 years$8,943$7,741$6,678$5,746$4,931$3,936
15 years$8,261$7,071$6,030$5,124$4,342$3,399
16 years$7,665$6,488$5,467$4,588$3,837$2,946
17 years$7,139$5,975$4,975$4,123$3,402$2,560
18 years$6,672$5,521$4,541$3,715$3,025$2,231
19 years$6,255$5,117$4,157$3,357$2,697$1,948
20 years$5,880$4,755$3,815$3,040$2,409$1,703
21 years$5,541$4,429$3,509$2,759$2,155$1,492
22 years$5,233$4,134$3,234$2,509$1,932$1,309
23 years$4,953$3,867$2,986$2,285$1,734$1,150
24 years$4,696$3,623$2,762$2,084$1,559$1,011
25 years$4,460$3,400$2,558$1,903$1,403$889
26 years$4,243$3,195$2,372$1,740$1,264$783
27 years$4,042$3,007$2,203$1,593$1,139$690
28 years$3,856$2,834$2,048$1,459$1,028$609
29 years$3,683$2,673$1,906$1,338$928$537
30 years$3,522$2,525$1,775$1,228$839$474
31 years$3,371$2,387$1,655$1,128$758$419
32 years$3,230$2,258$1,544$1,037$686$370
33 years$3,098$2,139$1,442$953$621$327
34 years$2,974$2,027$1,347$877$562$289
35 years$2,858$1,922$1,259$807$509$255
36 years$2,748$1,825$1,178$744$461$226
37 years$2,644$1,733$1,103$685$418$200
38 years$2,546$1,647$1,033$632$379$177
39 years$2,453$1,566$968$582$344$156
40 years$2,365$1,490$907$537$312$138
41 years$2,282$1,418$850$496$283$122
42 years$2,203$1,351$798$457$257$108
43 years$2,127$1,287$748$422$233$96
44 years$2,055$1,227$703$390$211$85
45 years$1,987$1,170$660$360$192$75
46 years$1,922$1,116$620$333$174$66
47 years$1,860$1,065$582$307$158$59
48 years$1,800$1,017$547$284$144$52
49 years$1,743$971$514$262$130$46
50 years$1,689$927$483$242$119$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,730,000, adding $4,960 every year, while hoping to spend $48,605 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: 61/30/9 Blend
67$1,730,000$1,730,000$1,730,000$1,730,000
68$1,911,576$1,819,886$1,793,071$2,024,092
69$2,054,842$1,857,345$1,801,424$2,137,506
70$2,211,091$1,895,011$1,808,427$2,255,175
71$2,381,598$1,932,842$1,813,985$2,382,349
72$2,567,763$1,970,793$1,817,995$2,519,948
73$2,771,129$2,008,816$1,820,352$2,668,982
74$2,993,394$2,046,858$1,820,944$2,830,568
75$3,236,427$2,084,861$1,819,653$3,005,932
76$3,502,288$2,122,765$1,816,357$3,196,427
77$3,793,243$2,160,502$1,810,926$3,403,545
78$4,111,788$2,198,000$1,803,226$3,628,929
79$4,460,670$2,235,182$1,793,114$3,874,387
80$4,842,917$2,271,965$1,780,442$4,141,916
81$5,261,862$2,308,259$1,765,054$4,433,712
82$5,721,176$2,343,967$1,746,787$4,752,199
83$6,224,902$2,378,987$1,725,471$5,100,047
84$6,777,493$2,413,209$1,700,925$5,480,197
85$7,383,854$2,446,513$1,672,963$5,895,893
86$8,049,389$2,478,774$1,641,389$6,350,708
87$8,780,048$2,509,855$1,605,997$6,848,581
88$9,582,387$2,539,612$1,566,572$7,393,855
89$10,463,628$2,567,891$1,522,890$7,991,314
90$11,431,727$2,594,527$1,474,716$8,646,233
91$12,495,448$2,619,343$1,421,803$9,364,425
92$13,664,445$2,642,152$1,363,895$10,152,297
93$14,949,355$2,662,754$1,300,722$11,016,913
94$16,361,897$2,680,937$1,232,004$11,966,056
95$17,914,981$2,696,473$1,157,446$13,008,307
96$19,622,830$2,709,122$1,076,743$14,153,123
97$21,501,117$2,718,627$989,572$15,410,929
98$23,567,107$2,724,716$895,598$16,793,215
99$25,839,824$2,727,099$794,473$18,312,644
100$28,340,227$2,725,468$685,829$19,983,177