Can I retire at age 68 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$143,688$142,408$141,159$139,940$138,750$136,171
2 years$71,132$69,808$68,524$67,279$66,071$63,483
3 years$46,951$45,620$44,339$43,106$41,918$39,401
4 years$34,862$33,536$32,268$31,056$29,897$27,470
5 years$27,611$26,292$25,041$23,854$22,727$20,397
6 years$22,778$21,470$20,237$19,076$17,983$15,753
7 years$19,328$18,030$16,817$15,683$14,625$12,496
8 years$16,741$15,455$14,262$13,156$12,133$10,104
9 years$14,730$13,457$12,284$11,206$10,218$8,287
10 years$13,122$11,861$10,709$9,660$8,706$6,872
11 years$11,808$10,559$9,428$8,407$7,487$5,749
12 years$10,713$9,478$8,367$7,374$6,488$4,842
13 years$9,788$8,565$7,476$6,510$5,658$4,102
14 years$8,995$7,785$6,717$5,779$4,960$3,490
15 years$8,309$7,112$6,065$5,154$4,367$2,982
16 years$7,709$6,525$5,498$4,615$3,860$2,555
17 years$7,180$6,009$5,003$4,146$3,422$2,196
18 years$6,711$5,553$4,567$3,737$3,043$1,891
19 years$6,291$5,146$4,181$3,376$2,712$1,632
20 years$5,914$4,782$3,837$3,058$2,423$1,410
21 years$5,573$4,455$3,530$2,775$2,168$1,221
22 years$5,263$4,158$3,253$2,523$1,943$1,058
23 years$4,981$3,889$3,004$2,298$1,744$918
24 years$4,723$3,644$2,778$2,096$1,568$797
25 years$4,486$3,419$2,573$1,914$1,411$692
26 years$4,267$3,214$2,386$1,750$1,271$602
27 years$4,065$3,025$2,216$1,602$1,146$524
28 years$3,878$2,850$2,060$1,468$1,034$456
29 years$3,704$2,689$1,917$1,346$934$397
30 years$3,542$2,539$1,786$1,235$843$346
31 years$3,391$2,400$1,665$1,135$763$301
32 years$3,249$2,271$1,553$1,043$690$263
33 years$3,116$2,151$1,450$959$624$229
34 years$2,991$2,039$1,355$882$565$200
35 years$2,874$1,934$1,267$812$512$174
36 years$2,764$1,835$1,185$748$464$152
37 years$2,659$1,743$1,109$689$420$133
38 years$2,561$1,656$1,039$635$381$116
39 years$2,467$1,575$973$586$346$101
40 years$2,379$1,499$912$540$313$88
41 years$2,295$1,427$855$498$284$77
42 years$2,215$1,359$802$460$258$67
43 years$2,139$1,294$753$425$234$59
44 years$2,067$1,234$707$392$213$51
45 years$1,999$1,177$664$362$193$45
46 years$1,933$1,122$623$334$175$39
47 years$1,871$1,071$585$309$159$34
48 years$1,811$1,023$550$286$145$30
49 years$1,754$977$517$264$131$26
50 years$1,699$933$486$244$119$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,740,000, adding $6,617 every year, while hoping to spend $51,679 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: 55/15/30 Blend
67$1,740,000$1,740,000$1,740,000$1,740,000
68$1,924,305$1,832,085$1,805,115$2,013,775
69$2,065,599$1,866,872$1,810,601$2,111,130
70$2,219,571$1,901,630$1,814,538$2,211,270
71$2,387,463$1,936,305$1,816,820$2,319,324
72$2,570,637$1,970,837$1,817,336$2,436,075
73$2,770,593$2,005,159$1,815,968$2,562,384
74$2,988,984$2,039,202$1,812,594$2,699,206
75$3,227,628$2,072,891$1,807,083$2,847,589
76$3,488,528$2,106,145$1,799,302$3,008,694
77$3,773,888$2,138,875$1,789,109$3,183,798
78$4,086,134$2,170,990$1,776,354$3,374,312
79$4,427,940$2,202,389$1,760,882$3,581,793
80$4,802,248$2,232,964$1,742,529$3,807,955
81$5,212,299$2,262,601$1,721,126$4,054,694
82$5,661,663$2,291,178$1,696,493$4,324,096
83$6,154,269$2,318,562$1,668,442$4,618,468
84$6,694,447$2,344,615$1,636,778$4,940,348
85$7,286,966$2,369,186$1,601,295$5,292,541
86$7,937,076$2,392,116$1,561,778$5,678,138
87$8,650,564$2,413,235$1,518,003$6,100,549
88$9,433,800$2,432,362$1,469,735$6,563,535
89$10,293,803$2,449,304$1,416,727$7,071,243
90$11,238,307$2,463,855$1,358,723$7,628,249
91$12,275,827$2,475,797$1,295,453$8,239,597
92$13,415,748$2,484,898$1,226,638$8,910,850
93$14,668,407$2,490,910$1,151,982$9,648,145
94$16,045,190$2,493,570$1,071,179$10,458,247
95$17,558,644$2,492,600$983,908$11,348,617
96$19,222,591$2,487,703$889,835$12,327,483
97$21,052,259$2,478,564$788,608$13,403,915
98$23,064,426$2,464,850$679,863$14,587,919
99$25,277,576$2,446,206$563,217$15,890,522
100$27,712,076$2,422,257$438,271$17,323,887