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%12.9%
1 years$144,513$143,226$141,970$140,744$139,547$137,861
2 years$71,541$70,209$68,918$67,666$66,451$64,754
3 years$47,220$45,882$44,594$43,354$42,159$40,504
4 years$35,062$33,728$32,453$31,234$30,068$28,468
5 years$27,769$26,443$25,185$23,991$22,858$21,316
6 years$22,909$21,593$20,353$19,186$18,086$16,606
7 years$19,439$18,134$16,914$15,774$14,709$13,291
8 years$16,837$15,544$14,344$13,232$12,203$10,846
9 years$14,815$13,534$12,355$11,271$10,276$8,981
10 years$13,198$11,929$10,771$9,716$8,756$7,521
11 years$11,876$10,620$9,483$8,455$7,530$6,354
12 years$10,775$9,532$8,416$7,417$6,526$5,408
13 years$9,844$8,614$7,519$6,548$5,691$4,629
14 years$9,047$7,830$6,756$5,812$4,988$3,982
15 years$8,357$7,153$6,099$5,184$4,392$3,439
16 years$7,753$6,563$5,530$4,641$3,882$2,980
17 years$7,221$6,044$5,032$4,170$3,442$2,590
18 years$6,749$5,585$4,594$3,758$3,060$2,256
19 years$6,327$5,176$4,205$3,396$2,728$1,970
20 years$5,948$4,810$3,859$3,076$2,436$1,723
21 years$5,605$4,480$3,550$2,791$2,180$1,510
22 years$5,294$4,182$3,272$2,538$1,954$1,324
23 years$5,010$3,911$3,021$2,311$1,754$1,163
24 years$4,750$3,665$2,794$2,108$1,577$1,022
25 years$4,512$3,439$2,588$1,925$1,419$900
26 years$4,292$3,232$2,400$1,760$1,278$792
27 years$4,089$3,042$2,229$1,611$1,152$698
28 years$3,900$2,866$2,072$1,476$1,040$616
29 years$3,725$2,704$1,928$1,354$939$543
30 years$3,562$2,554$1,796$1,242$848$479
31 years$3,410$2,414$1,674$1,141$767$423
32 years$3,268$2,284$1,562$1,049$694$374
33 years$3,134$2,163$1,458$964$628$330
34 years$3,009$2,050$1,363$887$568$292
35 years$2,891$1,945$1,274$817$515$258
36 years$2,779$1,846$1,192$752$467$228
37 years$2,674$1,753$1,116$693$423$202
38 years$2,575$1,666$1,045$639$383$179
39 years$2,481$1,584$979$589$348$158
40 years$2,393$1,507$917$543$315$140
41 years$2,308$1,435$860$501$286$124
42 years$2,228$1,366$807$463$260$110
43 years$2,152$1,302$757$427$236$97
44 years$2,079$1,241$711$394$214$86
45 years$2,010$1,183$667$364$194$76
46 years$1,944$1,129$627$336$176$67
47 years$1,881$1,077$589$311$160$60
48 years$1,821$1,028$553$287$145$53
49 years$1,764$982$520$265$132$47
50 years$1,709$938$489$245$120$41

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 $5,878 every year, while hoping to spend $25,965 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: 33/50/17 Blend
67$1,750,000$1,750,000$1,750,000$1,750,000
68$1,934,563$1,841,813$1,814,688$1,987,999
69$2,104,262$1,904,435$1,847,854$2,090,535
70$2,290,400$1,969,256$1,881,260$2,198,149
71$2,494,626$2,036,355$1,914,888$2,313,577
72$2,718,758$2,105,816$1,948,716$2,437,520
73$2,964,796$2,177,726$1,982,723$2,570,746
74$3,234,944$2,252,174$2,016,883$2,714,101
75$3,531,632$2,329,253$2,051,172$2,868,512
76$3,857,533$2,409,062$2,085,561$3,034,998
77$4,215,595$2,491,699$2,120,021$3,214,678
78$4,609,064$2,577,271$2,154,520$3,408,781
79$5,041,517$2,665,885$2,189,025$3,618,661
80$5,516,893$2,757,655$2,223,498$3,845,802
81$6,039,533$2,852,697$2,257,903$4,091,838
82$6,614,220$2,951,134$2,292,197$4,358,565
83$7,246,223$3,053,092$2,326,338$4,647,957
84$7,941,346$3,158,702$2,360,279$4,962,188
85$8,705,987$3,268,102$2,393,972$5,303,645
86$9,547,191$3,381,432$2,427,363$5,674,957
87$10,472,724$3,498,842$2,460,399$6,079,016
88$11,491,140$3,620,484$2,493,021$6,519,003
89$12,611,866$3,746,517$2,525,167$6,998,419
90$13,845,288$3,877,108$2,556,772$7,521,116
91$15,202,850$4,012,429$2,587,766$8,091,335
92$16,697,162$4,152,659$2,618,077$8,713,743
93$18,342,117$4,297,984$2,647,628$9,393,475
94$20,153,026$4,448,598$2,676,336$10,136,188
95$22,146,758$4,604,703$2,704,117$10,948,107
96$24,341,902$4,766,507$2,730,879$11,836,086
97$26,758,939$4,934,230$2,756,527$12,807,671
98$29,420,441$5,108,097$2,780,961$13,871,172
99$32,351,277$5,288,344$2,804,073$15,035,737
100$35,578,851$5,475,218$2,825,754$16,311,441