Can I retire at age 68 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$104,875$103,941$103,030$102,140$101,272$97,991
2 years$51,919$50,952$50,014$49,106$48,225$44,950
3 years$34,269$33,297$32,363$31,463$30,596$27,430
4 years$25,445$24,477$23,552$22,667$21,821$18,789
5 years$20,153$19,190$18,277$17,410$16,588$13,697
6 years$16,625$15,670$14,771$13,923$13,126$10,378
7 years$14,107$13,160$12,274$11,447$10,675$8,071
8 years$12,219$11,281$10,410$9,603$8,856$6,393
9 years$10,751$9,822$8,966$8,179$7,458$5,134
10 years$9,578$8,657$7,817$7,051$6,354$4,166
11 years$8,618$7,707$6,882$6,136$5,465$3,408
12 years$7,819$6,918$6,107$5,382$4,736$2,805
13 years$7,144$6,251$5,456$4,752$4,130$2,321
14 years$6,565$5,682$4,903$4,218$3,620$1,928
15 years$6,064$5,191$4,426$3,762$3,187$1,607
16 years$5,627$4,763$4,013$3,368$2,817$1,343
17 years$5,241$4,386$3,652$3,026$2,498$1,125
18 years$4,898$4,053$3,334$2,727$2,221$945
19 years$4,592$3,756$3,052$2,464$1,980$794
20 years$4,316$3,491$2,801$2,232$1,768$668
21 years$4,068$3,251$2,576$2,026$1,582$563
22 years$3,842$3,035$2,374$1,842$1,418$475
23 years$3,636$2,839$2,192$1,677$1,273$401
24 years$3,447$2,660$2,028$1,530$1,144$338
25 years$3,274$2,496$1,878$1,397$1,030$286
26 years$3,115$2,346$1,742$1,277$928$242
27 years$2,967$2,208$1,617$1,169$836$204
28 years$2,831$2,080$1,503$1,071$755$173
29 years$2,704$1,962$1,399$982$681$146
30 years$2,585$1,853$1,303$902$616$124
31 years$2,475$1,752$1,215$828$557$105
32 years$2,371$1,658$1,134$761$503$89
33 years$2,274$1,570$1,058$700$456$75
34 years$2,183$1,488$989$644$413$64
35 years$2,098$1,411$925$593$374$54
36 years$2,017$1,339$865$546$339$46
37 years$1,941$1,272$810$503$307$39
38 years$1,869$1,209$758$464$278$33
39 years$1,801$1,150$710$427$252$28
40 years$1,736$1,094$666$394$229$24
41 years$1,675$1,041$624$364$208$20
42 years$1,617$992$586$336$188$17
43 years$1,562$945$549$310$171$14
44 years$1,509$901$516$286$155$12
45 years$1,459$859$484$264$141$10
46 years$1,411$819$455$244$128$9
47 years$1,365$782$427$226$116$7
48 years$1,322$746$402$208$105$6
49 years$1,280$713$377$193$96$5
50 years$1,240$681$355$178$87$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,270,000, adding $5,789 every year, while hoping to spend $24,339 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: 58/21/21 Blend
67$1,270,000$1,270,000$1,270,000$1,270,000
68$1,405,511$1,338,201$1,318,516$1,478,846
69$1,522,977$1,377,877$1,336,790$1,569,069
70$1,651,608$1,418,680$1,354,860$1,664,258
71$1,792,519$1,460,642$1,372,695$1,767,501
72$1,946,934$1,503,792$1,390,258$1,879,581
73$2,116,204$1,548,161$1,407,515$2,001,360
74$2,301,817$1,593,780$1,424,426$2,133,786
75$2,505,409$1,640,683$1,440,952$2,277,906
76$2,728,785$1,688,900$1,457,048$2,434,870
77$2,973,933$1,738,468$1,472,670$2,605,945
78$3,243,039$1,789,418$1,487,770$2,792,528
79$3,538,516$1,841,787$1,502,297$2,996,157
80$3,863,020$1,895,609$1,516,199$3,218,525
81$4,219,475$1,950,921$1,529,419$3,461,499
82$4,611,105$2,007,760$1,541,898$3,727,134
83$5,041,461$2,066,163$1,553,575$4,017,693
84$5,514,454$2,126,169$1,564,383$4,335,672
85$6,034,393$2,187,816$1,574,255$4,683,818
86$6,606,026$2,251,144$1,583,117$5,065,159
87$7,234,583$2,316,193$1,590,895$5,483,031
88$7,925,828$2,383,003$1,597,507$5,941,109
89$8,686,109$2,451,617$1,602,870$6,443,442
90$9,522,422$2,522,076$1,606,896$6,994,491
91$10,442,474$2,594,423$1,609,492$7,599,172
92$11,454,758$2,668,701$1,610,562$8,262,902
93$12,568,630$2,744,954$1,610,002$8,991,648
94$13,794,400$2,823,227$1,607,707$9,791,987
95$15,143,427$2,903,563$1,603,563$10,671,164
96$16,628,227$2,986,009$1,597,454$11,637,165
97$18,262,593$3,070,610$1,589,255$12,698,788
98$20,061,720$3,157,412$1,578,838$13,865,727
99$22,042,353$3,246,463$1,566,066$15,148,667
100$24,222,942$3,337,809$1,550,798$16,559,379