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%16.1%
1 years$143,688$142,408$141,159$139,940$138,750$135,286
2 years$71,132$69,808$68,524$67,279$66,071$62,603
3 years$46,951$45,620$44,339$43,106$41,918$38,555
4 years$34,862$33,536$32,268$31,056$29,897$26,663
5 years$27,611$26,292$25,041$23,854$22,727$19,633
6 years$22,778$21,470$20,237$19,076$17,983$15,032
7 years$19,328$18,030$16,817$15,683$14,625$11,816
8 years$16,741$15,455$14,262$13,156$12,133$9,466
9 years$14,730$13,457$12,284$11,206$10,218$7,690
10 years$13,122$11,861$10,709$9,660$8,706$6,314
11 years$11,808$10,559$9,428$8,407$7,487$5,228
12 years$10,713$9,478$8,367$7,374$6,488$4,358
13 years$9,788$8,565$7,476$6,510$5,658$3,652
14 years$8,995$7,785$6,717$5,779$4,960$3,074
15 years$8,309$7,112$6,065$5,154$4,367$2,597
16 years$7,709$6,525$5,498$4,615$3,860$2,201
17 years$7,180$6,009$5,003$4,146$3,422$1,869
18 years$6,711$5,553$4,567$3,737$3,043$1,591
19 years$6,291$5,146$4,181$3,376$2,712$1,357
20 years$5,914$4,782$3,837$3,058$2,423$1,159
21 years$5,573$4,455$3,530$2,775$2,168$991
22 years$5,263$4,158$3,253$2,523$1,943$848
23 years$4,981$3,889$3,004$2,298$1,744$726
24 years$4,723$3,644$2,778$2,096$1,568$623
25 years$4,486$3,419$2,573$1,914$1,411$534
26 years$4,267$3,214$2,386$1,750$1,271$459
27 years$4,065$3,025$2,216$1,602$1,146$394
28 years$3,878$2,850$2,060$1,468$1,034$338
29 years$3,704$2,689$1,917$1,346$934$291
30 years$3,542$2,539$1,786$1,235$843$250
31 years$3,391$2,400$1,665$1,135$763$215
32 years$3,249$2,271$1,553$1,043$690$185
33 years$3,116$2,151$1,450$959$624$159
34 years$2,991$2,039$1,355$882$565$137
35 years$2,874$1,934$1,267$812$512$118
36 years$2,764$1,835$1,185$748$464$101
37 years$2,659$1,743$1,109$689$420$87
38 years$2,561$1,656$1,039$635$381$75
39 years$2,467$1,575$973$586$346$65
40 years$2,379$1,499$912$540$313$56
41 years$2,295$1,427$855$498$284$48
42 years$2,215$1,359$802$460$258$41
43 years$2,139$1,294$753$425$234$36
44 years$2,067$1,234$707$392$213$31
45 years$1,999$1,177$664$362$193$26
46 years$1,933$1,122$623$334$175$23
47 years$1,871$1,071$585$309$159$20
48 years$1,811$1,023$550$286$145$17
49 years$1,754$977$517$264$131$15
50 years$1,699$933$486$244$119$12

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 $5,170 every year, while hoping to spend $58,513 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: 57/26/17 Blend
67$1,740,000$1,740,000$1,740,000$1,740,000
68$1,922,813$1,830,593$1,803,623$2,023,551
69$2,056,682$1,858,035$1,801,787$2,119,977
70$2,202,246$1,884,860$1,797,928$2,218,200
71$2,360,633$1,910,976$1,791,917$2,323,911
72$2,533,090$1,936,286$1,783,619$2,437,843
73$2,720,985$1,960,684$1,772,890$2,560,801
74$2,925,825$1,984,057$1,759,581$2,693,676
75$3,149,268$2,006,285$1,743,536$2,837,449
76$3,393,141$2,027,241$1,724,592$2,993,203
77$3,659,452$2,046,786$1,702,577$3,162,133
78$3,950,413$2,064,776$1,677,310$3,345,557
79$4,268,460$2,081,055$1,648,605$3,544,930
80$4,616,274$2,095,457$1,616,264$3,761,856
81$4,996,806$2,107,807$1,580,081$3,998,106
82$5,413,307$2,117,916$1,539,841$4,255,632
83$5,869,356$2,125,586$1,495,317$4,536,589
84$6,368,895$2,130,604$1,446,275$4,843,353
85$6,916,264$2,132,745$1,392,467$5,178,547
86$7,516,244$2,131,771$1,333,635$5,545,062
87$8,174,099$2,127,425$1,269,510$5,946,090
88$8,895,627$2,119,440$1,199,809$6,385,150
89$9,687,217$2,107,528$1,124,238$6,866,123
90$10,555,902$2,091,386$1,042,489$7,393,293
91$11,509,431$2,070,691$954,240$7,971,381
92$12,556,341$2,045,102$859,154$8,605,599
93$13,706,033$2,014,258$756,881$9,301,692
94$14,968,865$1,977,773$647,054$10,065,997
95$16,356,248$1,935,243$529,289$10,905,503
96$17,880,752$1,886,237$403,187$11,827,920
97$19,556,225$1,830,298$268,329$12,841,747
98$21,397,922$1,766,945$124,280$13,956,361
99$23,422,651$1,695,667$0$15,182,100
100$25,648,931$1,615,923$0$16,535,707