Can I retire at age 68 with 1,770,000?

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 $1,770,000?

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%
1 years$146,165$144,863$143,593$142,353$141,142$139,901
2 years$72,359$71,011$69,705$68,439$67,211$65,960
3 years$47,760$46,407$45,104$43,849$42,641$41,420
4 years$35,463$34,114$32,824$31,591$30,412$29,229
5 years$28,087$26,746$25,473$24,265$23,119$21,978
6 years$23,171$21,840$20,586$19,405$18,293$17,196
7 years$19,661$18,341$17,107$15,954$14,877$13,824
8 years$17,030$15,722$14,508$13,383$12,342$11,333
9 years$14,984$13,689$12,496$11,400$10,394$9,428
10 years$13,349$12,066$10,894$9,827$8,856$7,934
11 years$12,012$10,741$9,591$8,552$7,616$6,737
12 years$10,898$9,641$8,512$7,501$6,600$5,762
13 years$9,957$8,713$7,605$6,623$5,756$4,958
14 years$9,150$7,920$6,833$5,879$5,045$4,287
15 years$8,452$7,235$6,169$5,243$4,442$3,723
16 years$7,842$6,638$5,593$4,694$3,926$3,244
17 years$7,304$6,113$5,090$4,218$3,481$2,835
18 years$6,826$5,649$4,646$3,801$3,095$2,484
19 years$6,399$5,235$4,253$3,435$2,759$2,181
20 years$6,016$4,865$3,904$3,111$2,464$1,919
21 years$5,669$4,531$3,590$2,823$2,205$1,691
22 years$5,354$4,230$3,309$2,567$1,977$1,493
23 years$5,067$3,956$3,055$2,338$1,774$1,319
24 years$4,805$3,707$2,826$2,132$1,595$1,167
25 years$4,563$3,478$2,617$1,947$1,435$1,033
26 years$4,341$3,269$2,427$1,780$1,293$916
27 years$4,135$3,077$2,254$1,630$1,166$812
28 years$3,945$2,899$2,095$1,493$1,052$721
29 years$3,768$2,735$1,950$1,369$950$640
30 years$3,603$2,583$1,816$1,257$858$569
31 years$3,449$2,442$1,693$1,154$776$505
32 years$3,305$2,310$1,580$1,061$702$449
33 years$3,170$2,188$1,475$975$635$400
34 years$3,043$2,074$1,378$897$575$356
35 years$2,924$1,967$1,289$826$521$317
36 years$2,811$1,867$1,205$761$472$282
37 years$2,705$1,773$1,128$701$428$251
38 years$2,605$1,685$1,057$646$388$224
39 years$2,510$1,602$990$596$352$199
40 years$2,420$1,524$928$550$319$177
41 years$2,335$1,451$870$507$289$158
42 years$2,253$1,382$816$468$263$141
43 years$2,176$1,317$766$432$238$126
44 years$2,103$1,255$719$399$216$112
45 years$2,033$1,197$675$368$196$100
46 years$1,966$1,142$634$340$178$89
47 years$1,903$1,090$596$314$162$79
48 years$1,842$1,040$560$290$147$71
49 years$1,784$993$526$268$134$63
50 years$1,728$949$495$248$121$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,770,000, adding $6,395 every year, while hoping to spend $58,223 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: 68/17/15 Blend
67$1,770,000$1,770,000$1,770,000$1,770,000
68$1,957,136$1,863,326$1,835,891$2,082,950
69$2,094,816$1,892,681$1,835,445$2,196,957
70$2,244,587$1,921,522$1,833,032$2,314,120
71$2,407,621$1,949,763$1,828,526$2,440,796
72$2,585,209$1,977,312$1,821,792$2,577,914
73$2,778,770$2,004,070$1,812,691$2,726,498
74$2,989,864$2,029,929$1,801,076$2,887,677
75$3,220,211$2,054,777$1,786,793$3,062,696
76$3,471,704$2,078,491$1,769,682$3,252,925
77$3,746,424$2,100,944$1,749,572$3,459,876
78$4,046,664$2,121,995$1,726,288$3,685,215
79$4,374,949$2,141,498$1,699,644$3,930,780
80$4,734,059$2,159,296$1,669,447$4,198,595
81$5,127,052$2,175,222$1,635,493$4,490,892
82$5,557,300$2,189,096$1,597,571$4,810,132
83$6,028,513$2,200,730$1,555,458$5,159,028
84$6,544,777$2,209,922$1,508,921$5,540,570
85$7,110,593$2,216,456$1,457,719$5,958,054
86$7,730,917$2,220,106$1,401,595$6,415,115
87$8,411,208$2,220,629$1,340,286$6,915,760
88$9,157,478$2,217,766$1,273,513$7,464,405
89$9,976,350$2,211,246$1,200,985$8,065,920
90$10,875,118$2,200,778$1,122,398$8,725,671
91$11,861,818$2,186,054$1,037,436$9,449,578
92$12,945,301$2,166,748$945,768$10,244,162
93$14,135,317$2,142,513$847,046$11,116,615
94$15,442,606$2,112,983$740,909$12,074,865
95$16,879,002$2,077,770$626,980$13,127,652
96$18,457,539$2,036,460$504,863$14,284,608
97$20,192,580$1,988,617$374,147$15,556,355
98$22,099,943$1,933,780$234,401$16,954,598
99$24,197,062$1,871,459$85,178$18,492,245
100$26,503,138$1,801,137$0$20,183,519