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

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$144,513$143,226$141,970$140,744$139,547$137,975
2 years$71,541$70,209$68,918$67,666$66,451$64,869
3 years$47,220$45,882$44,594$43,354$42,159$40,615
4 years$35,062$33,728$32,453$31,234$30,068$28,575
5 years$27,769$26,443$25,185$23,991$22,858$21,419
6 years$22,909$21,593$20,353$19,186$18,086$16,704
7 years$19,439$18,134$16,914$15,774$14,709$13,384
8 years$16,837$15,544$14,344$13,232$12,203$10,935
9 years$14,815$13,534$12,355$11,271$10,276$9,065
10 years$13,198$11,929$10,771$9,716$8,756$7,600
11 years$11,876$10,620$9,483$8,455$7,530$6,430
12 years$10,775$9,532$8,416$7,417$6,526$5,479
13 years$9,844$8,614$7,519$6,548$5,691$4,696
14 years$9,047$7,830$6,756$5,812$4,988$4,044
15 years$8,357$7,153$6,099$5,184$4,392$3,498
16 years$7,753$6,563$5,530$4,641$3,882$3,035
17 years$7,221$6,044$5,032$4,170$3,442$2,642
18 years$6,749$5,585$4,594$3,758$3,060$2,305
19 years$6,327$5,176$4,205$3,396$2,728$2,015
20 years$5,948$4,810$3,859$3,076$2,436$1,765
21 years$5,605$4,480$3,550$2,791$2,180$1,549
22 years$5,294$4,182$3,272$2,538$1,954$1,361
23 years$5,010$3,911$3,021$2,311$1,754$1,197
24 years$4,750$3,665$2,794$2,108$1,577$1,054
25 years$4,512$3,439$2,588$1,925$1,419$929
26 years$4,292$3,232$2,400$1,760$1,278$819
27 years$4,089$3,042$2,229$1,611$1,152$723
28 years$3,900$2,866$2,072$1,476$1,040$639
29 years$3,725$2,704$1,928$1,354$939$564
30 years$3,562$2,554$1,796$1,242$848$499
31 years$3,410$2,414$1,674$1,141$767$441
32 years$3,268$2,284$1,562$1,049$694$390
33 years$3,134$2,163$1,458$964$628$346
34 years$3,009$2,050$1,363$887$568$306
35 years$2,891$1,945$1,274$817$515$271
36 years$2,779$1,846$1,192$752$467$240
37 years$2,674$1,753$1,116$693$423$213
38 years$2,575$1,666$1,045$639$383$188
39 years$2,481$1,584$979$589$348$167
40 years$2,393$1,507$917$543$315$148
41 years$2,308$1,435$860$501$286$131
42 years$2,228$1,366$807$463$260$116
43 years$2,152$1,302$757$427$236$103
44 years$2,079$1,241$711$394$214$91
45 years$2,010$1,183$667$364$194$81
46 years$1,944$1,129$627$336$176$72
47 years$1,881$1,077$589$311$160$64
48 years$1,821$1,028$553$287$145$57
49 years$1,764$982$520$265$132$50
50 years$1,709$938$489$245$120$45

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 $3,208 every year, while hoping to spend $39,919 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: 65/28/7 Blend
67$1,750,000$1,750,000$1,750,000$1,750,000
68$1,931,809$1,839,059$1,811,934$2,054,735
69$2,086,380$1,886,699$1,830,160$2,184,537
70$2,255,379$1,935,336$1,847,659$2,321,253
71$2,440,237$1,984,976$1,864,364$2,469,568
72$2,642,526$2,035,625$1,880,206$2,630,608
73$2,863,980$2,087,287$1,895,109$2,805,609
74$3,106,508$2,139,966$1,908,997$2,995,934
75$3,372,211$2,193,664$1,921,788$3,203,084
76$3,663,405$2,248,382$1,933,396$3,428,710
77$3,982,638$2,304,119$1,943,731$3,674,632
78$4,332,718$2,360,872$1,952,697$3,942,854
79$4,716,738$2,418,637$1,960,195$4,235,582
80$5,138,103$2,477,408$1,966,119$4,555,247
81$5,600,566$2,537,177$1,970,360$4,904,526
82$6,108,259$2,597,934$1,972,802$5,286,369
83$6,665,734$2,659,665$1,973,324$5,704,023
84$7,278,006$2,722,356$1,971,798$6,161,066
85$7,950,599$2,785,988$1,968,090$6,661,442
86$8,689,600$2,850,541$1,962,060$7,209,494
87$9,501,712$2,915,990$1,953,562$7,810,005
88$10,394,321$2,982,308$1,942,440$8,468,248
89$11,375,564$3,049,464$1,928,535$9,190,030
90$12,454,407$3,117,422$1,911,676$9,981,751
91$13,640,725$3,186,145$1,891,685$10,850,461
92$14,945,400$3,255,588$1,868,379$11,803,928
93$16,380,422$3,325,703$1,841,561$12,850,714
94$17,959,000$3,396,437$1,811,028$14,000,248
95$19,695,688$3,467,732$1,776,567$15,262,925
96$21,606,522$3,539,524$1,737,955$16,650,195
97$23,709,169$3,611,743$1,694,959$18,174,678
98$26,023,098$3,684,313$1,647,334$19,850,278
99$28,569,760$3,757,149$1,594,825$21,692,317
100$31,372,788$3,830,162$1,537,164$23,717,679