Can I retire at age 68 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$105,701$104,760$103,841$102,944$102,069$100,668
2 years$52,327$51,353$50,408$49,493$48,604$47,196
3 years$34,538$33,560$32,618$31,710$30,837$29,464
4 years$25,646$24,670$23,737$22,846$21,993$20,666
5 years$20,311$19,341$18,421$17,548$16,719$15,442
6 years$16,756$15,794$14,887$14,033$13,229$12,004
7 years$14,218$13,264$12,371$11,537$10,759$9,586
8 years$12,315$11,369$10,492$9,678$8,925$7,805
9 years$10,836$9,899$9,036$8,244$7,516$6,448
10 years$9,653$8,726$7,878$7,106$6,404$5,386
11 years$8,686$7,768$6,936$6,185$5,508$4,540
12 years$7,881$6,972$6,155$5,425$4,773$3,853
13 years$7,200$6,301$5,499$4,789$4,162$3,290
14 years$6,617$5,727$4,941$4,251$3,649$2,822
15 years$6,112$5,232$4,461$3,791$3,212$2,431
16 years$5,671$4,800$4,045$3,395$2,839$2,101
17 years$5,282$4,421$3,681$3,050$2,517$1,821
18 years$4,936$4,085$3,360$2,749$2,238$1,582
19 years$4,628$3,786$3,076$2,484$1,995$1,377
20 years$4,350$3,518$2,823$2,250$1,782$1,201
21 years$4,100$3,277$2,596$2,042$1,595$1,049
22 years$3,872$3,059$2,393$1,856$1,429$917
23 years$3,664$2,861$2,210$1,691$1,283$803
24 years$3,475$2,680$2,043$1,542$1,153$704
25 years$3,300$2,515$1,893$1,408$1,038$617
26 years$3,139$2,364$1,755$1,288$935$542
27 years$2,991$2,225$1,630$1,179$843$476
28 years$2,853$2,097$1,515$1,080$761$418
29 years$2,725$1,978$1,410$990$687$368
30 years$2,606$1,868$1,313$909$621$324
31 years$2,494$1,766$1,225$835$561$285
32 years$2,390$1,671$1,142$767$507$251
33 years$2,292$1,582$1,067$705$459$221
34 years$2,201$1,500$997$649$416$195
35 years$2,114$1,422$932$597$377$171
36 years$2,033$1,350$872$550$341$151
37 years$1,956$1,282$816$507$309$133
38 years$1,884$1,219$764$467$280$117
39 years$1,815$1,159$716$431$254$104
40 years$1,750$1,102$671$397$231$91
41 years$1,688$1,049$629$367$209$81
42 years$1,630$999$590$338$190$71
43 years$1,574$952$554$312$172$63
44 years$1,521$908$520$288$156$55
45 years$1,470$866$488$266$142$49
46 years$1,422$826$458$246$129$43
47 years$1,376$788$431$227$117$38
48 years$1,332$752$405$210$106$33
49 years$1,290$718$380$194$97$30
50 years$1,250$686$358$179$88$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,280,000, adding $2,492 every year, while hoping to spend $29,249 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: 77/13/10 Blend
67$1,280,000$1,280,000$1,280,000$1,280,000
68$1,413,130$1,345,290$1,325,450$1,519,313
69$1,526,149$1,380,089$1,338,732$1,624,306
70$1,649,715$1,415,612$1,351,479$1,735,405
71$1,784,874$1,451,865$1,363,641$1,856,383
72$1,932,776$1,488,851$1,375,168$1,988,211
73$2,094,688$1,526,574$1,386,005$2,131,959
74$2,272,005$1,565,035$1,396,095$2,288,805
75$2,466,264$1,604,236$1,405,379$2,460,048
76$2,679,157$1,644,177$1,413,793$2,647,116
77$2,912,546$1,684,858$1,421,270$2,851,585
78$3,168,485$1,726,275$1,427,742$3,075,187
79$3,449,234$1,768,426$1,433,135$3,319,833
80$3,757,282$1,811,305$1,437,371$3,587,628
81$4,095,373$1,854,907$1,440,371$3,880,889
82$4,466,526$1,899,222$1,442,049$4,202,170
83$4,874,070$1,944,243$1,442,315$4,554,283
84$5,321,670$1,989,955$1,441,078$4,940,329
85$5,813,365$2,036,347$1,438,238$5,363,722
86$6,353,602$2,083,402$1,433,693$5,828,224
87$6,947,282$2,131,102$1,427,334$6,337,980
88$7,599,804$2,179,425$1,419,050$6,897,556
89$8,317,117$2,228,350$1,408,721$7,511,985
90$9,105,773$2,277,849$1,396,223$8,186,810
91$9,972,991$2,327,893$1,381,425$8,928,141
92$10,926,726$2,378,450$1,364,193$9,742,708
93$11,975,742$2,429,483$1,344,383$10,637,928
94$13,129,693$2,480,954$1,321,846$11,621,974
95$14,399,219$2,532,818$1,296,425$12,703,851
96$15,796,041$2,585,027$1,267,957$13,893,482
97$17,333,074$2,637,531$1,236,270$15,201,801
98$19,024,549$2,690,270$1,201,186$16,640,857
99$20,886,144$2,743,185$1,162,517$18,223,927
100$22,935,136$2,796,206$1,120,067$19,965,641