Can I retire at age 68 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$104,050$103,123$102,219$101,336$100,474$98,446
2 years$51,510$50,550$49,621$48,719$47,845$45,810
3 years$33,999$33,035$32,108$31,215$30,355$28,377
4 years$25,245$24,284$23,366$22,489$21,649$19,744
5 years$19,994$19,039$18,133$17,273$16,457$14,630
6 years$16,495$15,547$14,654$13,814$13,022$11,275
7 years$13,996$13,056$12,178$11,357$10,591$8,923
8 years$12,123$11,192$10,328$9,527$8,786$7,198
9 years$10,667$9,744$8,895$8,115$7,399$5,890
10 years$9,502$8,589$7,755$6,995$6,304$4,872
11 years$8,551$7,646$6,827$6,088$5,422$4,065
12 years$7,758$6,863$6,059$5,340$4,699$3,415
13 years$7,088$6,202$5,414$4,714$4,097$2,885
14 years$6,514$5,638$4,864$4,185$3,592$2,449
15 years$6,017$5,150$4,392$3,732$3,162$2,086
16 years$5,582$4,725$3,982$3,342$2,795$1,783
17 years$5,199$4,352$3,623$3,003$2,478$1,527
18 years$4,859$4,021$3,307$2,706$2,203$1,312
19 years$4,555$3,727$3,028$2,445$1,964$1,128
20 years$4,282$3,463$2,779$2,214$1,754$972
21 years$4,036$3,226$2,556$2,010$1,570$839
22 years$3,811$3,011$2,356$1,827$1,407$725
23 years$3,607$2,816$2,175$1,664$1,263$627
24 years$3,420$2,639$2,012$1,518$1,135$543
25 years$3,248$2,476$1,863$1,386$1,022$470
26 years$3,090$2,327$1,728$1,267$920$407
27 years$2,944$2,190$1,605$1,160$830$353
28 years$2,808$2,064$1,492$1,063$749$306
29 years$2,682$1,947$1,388$975$676$266
30 years$2,565$1,839$1,293$895$611$231
31 years$2,455$1,738$1,205$822$552$201
32 years$2,353$1,645$1,125$755$500$174
33 years$2,256$1,558$1,050$694$452$151
34 years$2,166$1,476$981$639$409$132
35 years$2,081$1,400$917$588$371$114
36 years$2,001$1,329$858$542$336$99
37 years$1,926$1,262$803$499$304$87
38 years$1,854$1,200$752$460$276$75
39 years$1,787$1,141$705$424$250$65
40 years$1,723$1,085$660$391$227$57
41 years$1,662$1,033$619$361$206$50
42 years$1,604$984$581$333$187$43
43 years$1,549$937$545$307$170$37
44 years$1,497$894$512$284$154$33
45 years$1,447$852$480$262$140$28
46 years$1,400$813$451$242$127$25
47 years$1,355$776$424$224$115$21
48 years$1,311$740$398$207$105$19
49 years$1,270$707$374$191$95$16
50 years$1,230$675$352$177$86$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,260,000, adding $5,920 every year, while hoping to spend $54,483 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: 37/40/23 Blend
67$1,260,000$1,260,000$1,260,000$1,260,000
68$1,394,626$1,327,846$1,308,316$1,436,406
69$1,478,909$1,334,941$1,294,176$1,474,554
70$1,569,962$1,340,558$1,277,735$1,510,248
71$1,668,419$1,344,566$1,258,860$1,547,710
72$1,774,976$1,346,828$1,237,410$1,587,135
73$1,890,397$1,347,197$1,213,237$1,628,735
74$2,015,525$1,345,516$1,186,187$1,672,754
75$2,151,282$1,341,621$1,156,099$1,719,460
76$2,298,688$1,335,335$1,122,803$1,769,154
77$2,458,860$1,326,472$1,086,123$1,822,173
78$2,633,030$1,314,835$1,045,874$1,878,891
79$2,822,551$1,300,214$1,001,862$1,939,726
80$3,028,913$1,282,386$953,887$2,005,146
81$3,253,755$1,261,117$901,735$2,075,668
82$3,498,882$1,236,155$845,187$2,151,873
83$3,766,280$1,207,238$784,012$2,234,404
84$4,058,132$1,174,085$717,969$2,323,978
85$4,376,846$1,136,400$646,806$2,421,391
86$4,725,070$1,093,869$570,259$2,527,529
87$5,105,719$1,046,160$488,054$2,643,377
88$5,522,003$992,922$399,904$2,770,028
89$5,977,455$933,784$305,510$2,908,696
90$6,475,969$868,353$204,557$3,060,729
91$7,021,829$796,213$96,721$3,227,622
92$7,619,753$716,925$0$3,411,035
93$8,274,940$630,026$0$3,617,313
94$8,993,111$535,025$0$3,869,614
95$9,780,571$431,404$0$4,146,529
96$10,644,262$318,615$0$4,450,659
97$11,591,831$196,082$0$4,784,877
98$12,631,700$63,192$0$5,152,361
99$13,773,148$0$0$5,556,624
100$15,026,392$0$0$6,037,065