Can I retire at age 68 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$86,708$85,936$85,182$84,447$83,728$83,166
2 years$42,925$42,125$41,351$40,599$39,871$39,303
3 years$28,332$27,529$26,757$26,012$25,296$24,741
4 years$21,037$20,237$19,472$18,740$18,041$17,504
5 years$16,662$15,866$15,111$14,394$13,715$13,196
6 years$13,745$12,956$12,212$11,511$10,852$10,352
7 years$11,663$10,880$10,148$9,464$8,825$8,345
8 years$10,102$9,326$8,606$7,939$7,322$6,861
9 years$8,889$8,120$7,413$6,762$6,166$5,725
10 years$7,919$7,158$6,463$5,829$5,254$4,832
11 years$7,125$6,372$5,690$5,073$4,518$4,115
12 years$6,465$5,719$5,049$4,450$3,915$3,531
13 years$5,906$5,168$4,511$3,929$3,414$3,048
14 years$5,428$4,698$4,053$3,487$2,993$2,644
15 years$5,014$4,292$3,660$3,110$2,635$2,304
16 years$4,652$3,938$3,318$2,785$2,329$2,014
17 years$4,333$3,626$3,019$2,502$2,065$1,767
18 years$4,049$3,351$2,756$2,255$1,836$1,553
19 years$3,796$3,106$2,523$2,037$1,637$1,369
20 years$3,569$2,886$2,316$1,845$1,462$1,209
21 years$3,363$2,688$2,130$1,675$1,308$1,069
22 years$3,176$2,509$1,963$1,523$1,173$947
23 years$3,006$2,347$1,813$1,387$1,053$840
24 years$2,850$2,199$1,676$1,265$946$746
25 years$2,707$2,063$1,553$1,155$851$663
26 years$2,575$1,939$1,440$1,056$767$590
27 years$2,453$1,825$1,337$967$691$525
28 years$2,340$1,720$1,243$886$624$468
29 years$2,235$1,622$1,157$812$563$417
30 years$2,137$1,532$1,077$745$509$372
31 years$2,046$1,448$1,004$685$460$332
32 years$1,961$1,371$937$629$416$297
33 years$1,880$1,298$875$579$377$265
34 years$1,805$1,230$818$532$341$237
35 years$1,734$1,167$764$490$309$212
36 years$1,668$1,107$715$451$280$189
37 years$1,605$1,052$669$416$254$169
38 years$1,545$1,000$627$383$230$151
39 years$1,489$951$587$353$209$135
40 years$1,436$904$550$326$189$121
41 years$1,385$861$516$301$172$108
42 years$1,337$820$484$278$156$97
43 years$1,291$781$454$256$141$87
44 years$1,248$745$426$237$128$78
45 years$1,206$710$400$218$116$70
46 years$1,167$677$376$202$106$62
47 years$1,129$646$353$186$96$56
48 years$1,093$617$332$172$87$50
49 years$1,058$589$312$159$79$45
50 years$1,025$563$293$147$72$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,050,000, adding $5,343 every year, while hoping to spend $45,810 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: 50/35/15 Blend
67$1,050,000$1,050,000$1,050,000$1,050,000
68$1,162,611$1,106,961$1,090,686$1,215,700
69$1,232,456$1,112,461$1,078,483$1,258,282
70$1,307,890$1,116,695$1,064,335$1,299,319
71$1,389,434$1,119,552$1,048,130$1,342,903
72$1,477,662$1,120,916$1,029,748$1,389,287
73$1,573,204$1,120,662$1,009,065$1,438,755
74$1,676,754$1,118,657$985,952$1,491,618
75$1,789,073$1,114,761$960,271$1,548,225
76$1,910,998$1,108,824$931,880$1,608,961
77$2,043,453$1,100,689$900,631$1,674,252
78$2,187,450$1,090,188$866,367$1,744,571
79$2,344,105$1,077,143$828,926$1,820,443
80$2,514,646$1,061,364$788,136$1,902,447
81$2,700,422$1,042,653$743,821$1,991,228
82$2,902,919$1,020,798$695,793$2,087,497
83$3,123,773$995,573$643,859$2,192,044
84$3,364,785$966,743$587,815$2,305,742
85$3,627,935$934,055$527,448$2,429,556
86$3,915,404$897,244$462,538$2,564,558
87$4,229,593$856,027$392,851$2,711,931
88$4,573,147$810,108$318,147$2,872,986
89$4,948,976$759,171$238,173$3,049,170
90$5,360,284$702,883$152,664$3,242,088
91$5,810,601$640,892$61,346$3,453,511
92$6,303,813$572,826$0$3,685,401
93$6,844,198$498,291$0$3,945,703
94$7,436,472$416,872$0$4,241,888
95$8,085,823$328,130$0$4,566,826
96$8,797,969$231,601$0$4,923,496
97$9,579,207$126,795$0$5,315,189
98$10,436,473$13,194$0$5,745,534
99$11,377,405$0$0$6,218,541
100$12,410,419$0$0$6,780,902