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%15.6%
1 years$146,165$144,863$143,593$142,353$141,142$137,898
2 years$72,359$71,011$69,705$68,439$67,211$63,960
3 years$47,760$46,407$45,104$43,849$42,641$39,486
4 years$35,463$34,114$32,824$31,591$30,412$27,376
5 years$28,087$26,746$25,473$24,265$23,119$20,211
6 years$23,171$21,840$20,586$19,405$18,293$15,516
7 years$19,661$18,341$17,107$15,954$14,877$12,232
8 years$17,030$15,722$14,508$13,383$12,342$9,827
9 years$14,984$13,689$12,496$11,400$10,394$8,007
10 years$13,349$12,066$10,894$9,827$8,856$6,595
11 years$12,012$10,741$9,591$8,552$7,616$5,479
12 years$10,898$9,641$8,512$7,501$6,600$4,582
13 years$9,957$8,713$7,605$6,623$5,756$3,853
14 years$9,150$7,920$6,833$5,879$5,045$3,254
15 years$8,452$7,235$6,169$5,243$4,442$2,759
16 years$7,842$6,638$5,593$4,694$3,926$2,346
17 years$7,304$6,113$5,090$4,218$3,481$2,000
18 years$6,826$5,649$4,646$3,801$3,095$1,709
19 years$6,399$5,235$4,253$3,435$2,759$1,462
20 years$6,016$4,865$3,904$3,111$2,464$1,253
21 years$5,669$4,531$3,590$2,823$2,205$1,076
22 years$5,354$4,230$3,309$2,567$1,977$924
23 years$5,067$3,956$3,055$2,338$1,774$795
24 years$4,805$3,707$2,826$2,132$1,595$684
25 years$4,563$3,478$2,617$1,947$1,435$589
26 years$4,341$3,269$2,427$1,780$1,293$508
27 years$4,135$3,077$2,254$1,630$1,166$438
28 years$3,945$2,899$2,095$1,493$1,052$378
29 years$3,768$2,735$1,950$1,369$950$326
30 years$3,603$2,583$1,816$1,257$858$282
31 years$3,449$2,442$1,693$1,154$776$243
32 years$3,305$2,310$1,580$1,061$702$210
33 years$3,170$2,188$1,475$975$635$181
34 years$3,043$2,074$1,378$897$575$157
35 years$2,924$1,967$1,289$826$521$135
36 years$2,811$1,867$1,205$761$472$117
37 years$2,705$1,773$1,128$701$428$101
38 years$2,605$1,685$1,057$646$388$88
39 years$2,510$1,602$990$596$352$76
40 years$2,420$1,524$928$550$319$65
41 years$2,335$1,451$870$507$289$57
42 years$2,253$1,382$816$468$263$49
43 years$2,176$1,317$766$432$238$42
44 years$2,103$1,255$719$399$216$37
45 years$2,033$1,197$675$368$196$32
46 years$1,966$1,142$634$340$178$27
47 years$1,903$1,090$596$314$162$24
48 years$1,842$1,040$560$290$147$20
49 years$1,784$993$526$268$134$18
50 years$1,728$949$495$248$121$15

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 $5,189 every year, while hoping to spend $54,662 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: 56/22/22 Blend
67$1,770,000$1,770,000$1,770,000$1,770,000
68$1,955,892$1,862,082$1,834,647$2,053,493
69$2,097,234$1,895,165$1,837,948$2,153,883
70$2,251,159$1,928,036$1,839,527$2,256,956
71$2,418,896$1,960,628$1,839,270$2,368,075
72$2,601,792$1,992,867$1,837,054$2,488,028
73$2,801,333$2,024,676$1,832,754$2,617,683
74$3,019,154$2,055,970$1,826,236$2,758,000
75$3,257,052$2,086,657$1,817,360$2,910,037
76$3,517,010$2,116,642$1,805,979$3,074,960
77$3,801,207$2,145,819$1,791,942$3,254,057
78$4,112,044$2,174,078$1,775,086$3,448,747
79$4,452,165$2,201,300$1,755,243$3,660,595
80$4,824,479$2,227,358$1,732,238$3,891,329
81$5,232,193$2,252,115$1,705,885$4,142,853
82$5,678,836$2,275,428$1,675,991$4,417,268
83$6,168,295$2,297,141$1,642,354$4,716,892
84$6,704,850$2,317,090$1,604,762$5,044,280
85$7,293,216$2,335,099$1,562,993$5,402,252
86$7,938,587$2,350,982$1,516,816$5,793,915
87$8,646,681$2,364,539$1,465,988$6,222,700
88$9,423,800$2,375,558$1,410,255$6,692,388
89$10,276,882$2,383,815$1,349,353$7,207,149
90$11,213,572$2,389,069$1,283,005$7,771,582
91$12,242,290$2,391,068$1,210,919$8,390,760
92$13,372,313$2,389,540$1,132,794$9,070,277
93$14,613,859$2,384,198$1,048,314$9,816,300
94$15,978,187$2,374,737$957,146$10,635,633
95$17,477,698$2,360,836$858,947$11,535,775
96$19,126,056$2,342,149$753,354$12,524,997
97$20,938,314$2,318,315$639,992$13,612,421
98$22,931,057$2,288,947$518,466$14,808,102
99$25,122,556$2,253,636$388,366$16,123,128
100$27,532,942$2,211,950$249,262$17,569,727