Can I retire at age 68 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$116,436$115,399$114,387$113,400$112,435$109,717
2 years$57,642$56,568$55,528$54,519$53,541$50,819
3 years$38,046$36,968$35,930$34,931$33,968$31,327
4 years$28,250$27,175$26,148$25,166$24,227$21,687
5 years$22,374$21,306$20,292$19,330$18,417$15,986
6 years$18,458$17,398$16,399$15,458$14,572$12,252
7 years$15,662$14,611$13,628$12,709$11,851$9,642
8 years$13,566$12,524$11,557$10,661$9,832$7,733
9 years$11,937$10,904$9,954$9,081$8,280$6,290
10 years$10,634$9,612$8,678$7,828$7,055$5,171
11 years$9,569$8,557$7,640$6,813$6,067$4,287
12 years$8,681$7,680$6,781$5,976$5,258$3,579
13 years$7,931$6,941$6,058$5,276$4,585$3,003
14 years$7,289$6,309$5,443$4,683$4,019$2,531
15 years$6,733$5,763$4,914$4,176$3,539$2,141
16 years$6,247$5,288$4,456$3,740$3,128$1,817
17 years$5,818$4,870$4,054$3,360$2,773$1,546
18 years$5,438$4,500$3,701$3,028$2,466$1,318
19 years$5,098$4,170$3,388$2,736$2,198$1,125
20 years$4,792$3,875$3,110$2,478$1,963$962
21 years$4,516$3,610$2,860$2,249$1,757$824
22 years$4,265$3,370$2,636$2,045$1,575$706
23 years$4,037$3,151$2,434$1,862$1,414$606
24 years$3,827$2,953$2,251$1,698$1,270$521
25 years$3,635$2,771$2,085$1,551$1,143$447
26 years$3,458$2,604$1,934$1,418$1,030$385
27 years$3,294$2,451$1,796$1,298$928$331
28 years$3,143$2,309$1,669$1,189$838$285
29 years$3,002$2,179$1,553$1,091$756$245
30 years$2,870$2,058$1,447$1,001$684$211
31 years$2,747$1,945$1,349$919$618$182
32 years$2,633$1,840$1,259$845$559$157
33 years$2,525$1,743$1,175$777$506$135
34 years$2,424$1,652$1,098$715$458$116
35 years$2,329$1,567$1,026$658$415$100
36 years$2,239$1,487$960$606$376$86
37 years$2,155$1,412$899$558$341$75
38 years$2,075$1,342$842$515$309$64
39 years$1,999$1,276$789$475$280$55
40 years$1,928$1,214$739$438$254$48
41 years$1,860$1,156$693$404$230$41
42 years$1,795$1,101$650$373$209$36
43 years$1,734$1,049$610$344$190$31
44 years$1,675$1,000$573$318$172$26
45 years$1,620$953$538$293$156$23
46 years$1,566$910$505$271$142$20
47 years$1,516$868$474$250$129$17
48 years$1,467$829$446$231$117$15
49 years$1,421$791$419$214$106$13
50 years$1,377$756$394$198$97$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,410,000, adding $3,247 every year, while hoping to spend $52,229 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: 69/20/11 Blend
67$1,410,000$1,410,000$1,410,000$1,410,000
68$1,557,169$1,482,439$1,460,584$1,660,822
69$1,660,429$1,499,508$1,453,943$1,747,106
70$1,772,471$1,515,662$1,445,328$1,834,857
71$1,894,136$1,530,802$1,434,619$1,929,479
72$2,026,348$1,544,821$1,421,689$2,031,638
73$2,170,124$1,557,606$1,406,404$2,142,068
74$2,326,584$1,569,036$1,388,626$2,261,580
75$2,496,959$1,578,982$1,368,208$2,391,067
76$2,682,603$1,587,307$1,344,998$2,531,512
77$2,885,009$1,593,864$1,318,835$2,684,000
78$3,105,816$1,598,500$1,289,552$2,849,729
79$3,346,831$1,601,049$1,256,974$3,030,018
80$3,610,043$1,601,335$1,220,918$3,226,320
81$3,897,640$1,599,174$1,181,192$3,440,240
82$4,212,033$1,594,366$1,137,595$3,673,546
83$4,555,874$1,586,704$1,089,918$3,928,187
84$4,932,084$1,575,963$1,037,941$4,206,314
85$5,343,880$1,561,909$981,436$4,510,297
86$5,794,804$1,544,291$920,162$4,842,750
87$6,288,757$1,522,844$853,870$5,206,555
88$6,830,034$1,497,287$782,299$5,604,889
89$7,423,365$1,467,322$705,174$6,041,256
90$8,073,962$1,432,634$622,210$6,519,520
91$8,787,561$1,392,889$533,110$7,043,941
92$9,570,485$1,347,732$437,561$7,619,215
93$10,429,694$1,296,791$335,239$8,250,520
94$11,372,858$1,239,669$225,805$8,943,567
95$12,408,424$1,175,947$108,904$9,704,650
96$13,545,697$1,105,182$0$10,540,711
97$14,794,927$1,026,905$0$11,461,262
98$16,167,407$940,621$0$12,486,642
99$17,675,578$845,806$0$13,613,404
100$19,333,143$741,907$0$14,851,853