Can I retire at age 68 with 1,750,000?

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$144,513$143,226$141,970$140,744$139,547$138,378
2 years$71,541$70,209$68,918$67,666$66,451$65,273
3 years$47,220$45,882$44,594$43,354$42,159$41,008
4 years$35,062$33,728$32,453$31,234$30,068$28,953
5 years$27,769$26,443$25,185$23,991$22,858$21,782
6 years$22,909$21,593$20,353$19,186$18,086$17,052
7 years$19,439$18,134$16,914$15,774$14,709$13,716
8 years$16,837$15,544$14,344$13,232$12,203$11,251
9 years$14,815$13,534$12,355$11,271$10,276$9,365
10 years$13,198$11,929$10,771$9,716$8,756$7,885
11 years$11,876$10,620$9,483$8,455$7,530$6,700
12 years$10,775$9,532$8,416$7,417$6,526$5,734
13 years$9,844$8,614$7,519$6,548$5,691$4,937
14 years$9,047$7,830$6,756$5,812$4,988$4,272
15 years$8,357$7,153$6,099$5,184$4,392$3,712
16 years$7,753$6,563$5,530$4,641$3,882$3,237
17 years$7,221$6,044$5,032$4,170$3,442$2,831
18 years$6,749$5,585$4,594$3,758$3,060$2,482
19 years$6,327$5,176$4,205$3,396$2,728$2,181
20 years$5,948$4,810$3,859$3,076$2,436$1,921
21 years$5,605$4,480$3,550$2,791$2,180$1,694
22 years$5,294$4,182$3,272$2,538$1,954$1,496
23 years$5,010$3,911$3,021$2,311$1,754$1,323
24 years$4,750$3,665$2,794$2,108$1,577$1,171
25 years$4,512$3,439$2,588$1,925$1,419$1,038
26 years$4,292$3,232$2,400$1,760$1,278$920
27 years$4,089$3,042$2,229$1,611$1,152$817
28 years$3,900$2,866$2,072$1,476$1,040$726
29 years$3,725$2,704$1,928$1,354$939$645
30 years$3,562$2,554$1,796$1,242$848$573
31 years$3,410$2,414$1,674$1,141$767$510
32 years$3,268$2,284$1,562$1,049$694$454
33 years$3,134$2,163$1,458$964$628$404
34 years$3,009$2,050$1,363$887$568$360
35 years$2,891$1,945$1,274$817$515$321
36 years$2,779$1,846$1,192$752$467$286
37 years$2,674$1,753$1,116$693$423$255
38 years$2,575$1,666$1,045$639$383$227
39 years$2,481$1,584$979$589$348$202
40 years$2,393$1,507$917$543$315$180
41 years$2,308$1,435$860$501$286$161
42 years$2,228$1,366$807$463$260$143
43 years$2,152$1,302$757$427$236$128
44 years$2,079$1,241$711$394$214$114
45 years$2,010$1,183$667$364$194$102
46 years$1,944$1,129$627$336$176$91
47 years$1,881$1,077$589$311$160$81
48 years$1,821$1,028$553$287$145$72
49 years$1,764$982$520$265$132$65
50 years$1,709$938$489$245$120$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,750,000, adding $6,801 every year, while hoping to spend $38,591 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: 49/44/7 Blend
67$1,750,000$1,750,000$1,750,000$1,750,000
68$1,935,515$1,842,765$1,815,640$2,026,520
69$2,091,877$1,892,000$1,835,404$2,138,660
70$2,262,895$1,942,354$1,854,536$2,255,727
71$2,450,022$1,993,842$1,872,975$2,381,969
72$2,654,860$2,046,476$1,890,655$2,518,252
73$2,879,172$2,100,269$1,907,508$2,665,529
74$3,124,899$2,155,234$1,923,462$2,824,849
75$3,394,181$2,211,382$1,938,439$2,997,366
76$3,689,371$2,268,724$1,952,361$3,184,352
77$4,013,063$2,327,268$1,965,141$3,387,204
78$4,368,115$2,387,023$1,976,693$3,607,463
79$4,757,672$2,447,996$1,986,921$3,846,826
80$5,185,200$2,510,194$1,995,728$4,107,157
81$5,654,516$2,573,619$2,003,011$4,390,515
82$6,169,827$2,638,276$2,008,662$4,699,163
83$6,735,763$2,704,166$2,012,566$5,035,594
84$7,357,428$2,771,287$2,014,604$5,402,557
85$8,040,443$2,839,638$2,014,651$5,803,075
86$8,791,002$2,909,214$2,012,575$6,240,482
87$9,615,926$2,980,007$2,008,239$6,718,448
88$10,522,732$3,052,009$2,001,496$7,241,017
89$11,519,701$3,125,207$1,992,196$7,812,645
90$12,615,955$3,199,587$1,980,180$8,438,240
91$13,821,547$3,275,131$1,965,280$9,123,209
92$15,147,550$3,351,818$1,947,322$9,873,509
93$16,606,166$3,429,623$1,926,123$10,695,706
94$18,210,838$3,508,517$1,901,491$11,597,030
95$19,976,378$3,588,469$1,873,226$12,585,452
96$21,919,106$3,669,442$1,841,117$13,669,751
97$24,057,004$3,751,394$1,804,944$14,859,603
98$26,409,886$3,834,280$1,764,476$16,165,669
99$28,999,582$3,918,047$1,719,474$17,599,696
100$31,850,148$4,002,640$1,669,685$19,174,629