Can I retire at age 68 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$99,921$99,031$98,162$97,315$96,487$92,732
2 years$49,466$48,544$47,652$46,786$45,946$42,209
3 years$32,650$31,724$30,834$29,976$29,150$25,547
4 years$24,243$23,321$22,439$21,596$20,790$17,350
5 years$19,201$18,284$17,414$16,588$15,804$12,535
6 years$15,840$14,930$14,073$13,265$12,505$9,409
7 years$13,441$12,538$11,695$10,906$10,170$7,247
8 years$11,642$10,748$9,918$9,149$8,437$5,683
9 years$10,243$9,358$8,542$7,793$7,105$4,516
10 years$9,125$8,248$7,447$6,718$6,054$3,626
11 years$8,211$7,343$6,557$5,846$5,207$2,933
12 years$7,450$6,591$5,819$5,128$4,512$2,387
13 years$6,806$5,956$5,199$4,527$3,935$1,952
14 years$6,255$5,414$4,671$4,019$3,449$1,603
15 years$5,778$4,946$4,217$3,584$3,037$1,320
16 years$5,361$4,538$3,824$3,209$2,684$1,090
17 years$4,993$4,179$3,479$2,883$2,380$902
18 years$4,667$3,862$3,176$2,599$2,116$747
19 years$4,375$3,579$2,908$2,348$1,886$620
20 years$4,112$3,326$2,668$2,127$1,685$515
21 years$3,875$3,098$2,455$1,930$1,508$428
22 years$3,660$2,892$2,262$1,755$1,351$356
23 years$3,464$2,704$2,089$1,598$1,213$297
24 years$3,285$2,534$1,932$1,458$1,090$247
25 years$3,120$2,378$1,789$1,331$981$206
26 years$2,968$2,235$1,659$1,217$884$172
27 years$2,827$2,103$1,541$1,114$797$143
28 years$2,697$1,982$1,432$1,021$719$120
29 years$2,576$1,870$1,333$936$649$100
30 years$2,463$1,766$1,242$859$587$83
31 years$2,358$1,669$1,158$789$530$70
32 years$2,259$1,579$1,080$725$480$58
33 years$2,167$1,496$1,008$667$434$48
34 years$2,080$1,418$942$613$393$41
35 years$1,999$1,345$881$565$356$34
36 years$1,922$1,276$824$520$323$28
37 years$1,849$1,212$771$479$292$24
38 years$1,781$1,152$722$442$265$20
39 years$1,716$1,095$677$407$240$16
40 years$1,654$1,042$634$376$218$14
41 years$1,596$992$595$347$198$11
42 years$1,541$945$558$320$179$10
43 years$1,488$900$524$295$163$8
44 years$1,438$858$491$273$148$7
45 years$1,390$818$461$252$134$6
46 years$1,344$781$433$233$122$5
47 years$1,301$745$407$215$111$4
48 years$1,259$711$383$199$100$3
49 years$1,219$679$360$183$91$3
50 years$1,181$649$338$170$83$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,210,000, adding $2,070 every year, while hoping to spend $38,572 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: 29/41/30 Blend
67$1,210,000$1,210,000$1,210,000$1,210,000
68$1,335,555$1,271,425$1,252,670$1,361,907
69$1,430,742$1,292,685$1,253,594$1,404,335
70$1,534,344$1,313,693$1,253,257$1,446,452
71$1,647,181$1,334,398$1,251,574$1,490,975
72$1,770,151$1,354,741$1,248,460$1,538,140
73$1,904,245$1,374,662$1,243,822$1,588,209
74$2,050,554$1,394,096$1,237,566$1,641,472
75$2,210,277$1,412,973$1,229,590$1,698,253
76$2,384,734$1,431,218$1,219,791$1,758,907
77$2,575,379$1,448,750$1,208,056$1,823,831
78$2,783,813$1,465,484$1,194,272$1,893,465
79$3,011,799$1,481,330$1,178,317$1,968,295
80$3,261,277$1,496,189$1,160,064$2,048,860
81$3,534,382$1,509,958$1,139,382$2,135,757
82$3,833,469$1,522,526$1,116,131$2,229,648
83$4,161,128$1,533,774$1,090,166$2,331,264
84$4,520,213$1,543,579$1,061,337$2,441,418
85$4,913,865$1,551,805$1,029,482$2,561,006
86$5,345,547$1,558,311$994,437$2,691,022
87$5,819,070$1,562,946$956,028$2,832,566
88$6,338,633$1,565,548$914,073$2,986,854
89$6,908,862$1,565,947$868,382$3,155,232
90$7,534,849$1,563,963$818,757$3,339,188
91$8,222,208$1,559,401$764,989$3,540,370
92$8,977,120$1,552,058$706,863$3,760,597
93$9,806,394$1,541,717$644,151$4,001,883
94$10,717,533$1,528,148$576,617$4,266,453
95$11,718,802$1,511,107$504,014$4,556,766
96$12,819,304$1,490,336$426,083$4,875,541
97$14,029,070$1,465,560$342,554$5,225,783
98$15,359,152$1,436,490$253,147$5,610,811
99$16,821,725$1,402,817$157,566$6,034,292
100$18,430,202$1,364,216$55,506$6,500,279