Can I retire at age 68 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$146,991$145,681$144,404$143,157$141,940$139,302
2 years$72,768$71,412$70,099$68,826$67,590$64,943
3 years$48,030$46,669$45,359$44,097$42,882$40,307
4 years$35,663$34,307$33,010$31,770$30,584$28,101
5 years$28,246$26,897$25,617$24,402$23,249$20,866
6 years$23,302$21,963$20,702$19,515$18,396$16,116
7 years$19,772$18,445$17,204$16,044$14,961$12,783
8 years$17,126$15,810$14,590$13,459$12,412$10,336
9 years$15,069$13,766$12,566$11,464$10,453$8,478
10 years$13,424$12,134$10,956$9,882$8,906$7,030
11 years$12,079$10,802$9,645$8,600$7,660$5,881
12 years$10,960$9,695$8,560$7,544$6,638$4,953
13 years$10,013$8,762$7,648$6,660$5,788$4,196
14 years$9,202$7,964$6,871$5,912$5,074$3,571
15 years$8,500$7,275$6,204$5,272$4,467$3,050
16 years$7,886$6,675$5,625$4,721$3,948$2,614
17 years$7,345$6,148$5,118$4,242$3,501$2,246
18 years$6,865$5,681$4,672$3,823$3,113$1,934
19 years$6,436$5,265$4,277$3,454$2,774$1,669
20 years$6,050$4,892$3,926$3,128$2,478$1,443
21 years$5,701$4,557$3,611$2,839$2,218$1,249
22 years$5,384$4,254$3,328$2,581$1,988$1,082
23 years$5,096$3,978$3,073$2,351$1,784$939
24 years$4,832$3,728$2,842$2,144$1,604$815
25 years$4,589$3,498$2,632$1,958$1,443$708
26 years$4,366$3,288$2,441$1,790$1,300$616
27 years$4,159$3,094$2,267$1,639$1,172$536
28 years$3,967$2,916$2,107$1,502$1,058$466
29 years$3,789$2,750$1,961$1,377$955$406
30 years$3,623$2,598$1,827$1,264$863$354
31 years$3,468$2,456$1,703$1,161$780$308
32 years$3,324$2,323$1,589$1,067$706$269
33 years$3,188$2,200$1,483$981$639$234
34 years$3,060$2,085$1,386$902$578$204
35 years$2,940$1,978$1,296$831$524$178
36 years$2,827$1,877$1,212$765$475$155
37 years$2,720$1,783$1,135$705$430$136
38 years$2,619$1,695$1,063$650$390$118
39 years$2,524$1,611$995$599$354$103
40 years$2,434$1,533$933$553$321$90
41 years$2,348$1,459$875$510$291$79
42 years$2,266$1,390$821$471$264$69
43 years$2,189$1,324$770$434$240$60
44 years$2,115$1,262$723$401$217$52
45 years$2,045$1,204$679$370$197$46
46 years$1,978$1,148$638$342$179$40
47 years$1,914$1,096$599$316$163$35
48 years$1,852$1,046$563$292$148$30
49 years$1,794$999$529$270$134$27
50 years$1,738$954$497$250$122$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,780,000, adding $2,028 every year, while hoping to spend $53,278 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: 31/48/21 Blend
67$1,780,000$1,780,000$1,780,000$1,780,000
68$1,963,652$1,869,312$1,841,722$2,011,647
69$2,107,257$1,904,221$1,846,732$2,083,024
70$2,263,724$1,939,055$1,850,125$2,154,864
71$2,434,309$1,973,753$1,851,789$2,231,086
72$2,620,394$2,008,252$1,851,609$2,312,106
73$2,823,499$2,042,482$1,849,463$2,398,383
74$3,045,300$2,076,368$1,845,224$2,490,422
75$3,287,639$2,109,828$1,838,758$2,588,784
76$3,552,547$2,142,778$1,829,924$2,694,089
77$3,842,256$2,175,123$1,818,576$2,807,021
78$4,159,226$2,206,765$1,804,559$2,928,337
79$4,506,168$2,237,596$1,787,712$3,058,874
80$4,886,062$2,267,504$1,767,865$3,199,556
81$5,302,194$2,296,365$1,744,842$3,351,407
82$5,758,180$2,324,050$1,718,457$3,515,555
83$6,258,005$2,350,419$1,688,516$3,693,250
84$6,806,055$2,375,323$1,654,815$3,885,872
85$7,407,163$2,398,604$1,617,142$4,094,946
86$8,066,652$2,420,094$1,575,274$4,322,156
87$8,790,382$2,439,610$1,528,978$4,569,364
88$9,584,813$2,456,963$1,478,010$4,838,627
89$10,457,056$2,471,947$1,422,116$5,132,217
90$11,414,948$2,484,344$1,361,029$5,452,643
91$12,467,121$2,493,924$1,294,471$5,802,677
92$13,623,081$2,500,441$1,222,150$6,185,381
93$14,893,306$2,503,633$1,143,763$6,604,137
94$16,289,335$2,503,223$1,058,990$7,062,676
95$17,823,881$2,498,915$967,501$7,565,124
96$19,510,952$2,490,397$868,947$8,116,031
97$21,365,979$2,477,336$762,966$8,720,423
98$23,405,963$2,459,379$649,180$9,383,850
99$25,649,636$2,436,154$527,192$10,112,437
100$28,117,636$2,407,262$396,590$10,912,944