Can I retire at age 68 with 1,470,000?

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 $1,470,000?

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$121,391$120,310$119,255$118,225$117,220$114,853
2 years$60,095$58,975$57,891$56,839$55,819$53,445
3 years$39,665$38,541$37,459$36,417$35,414$33,107
4 years$29,452$28,332$27,261$26,237$25,257$23,035
5 years$23,326$22,212$21,155$20,152$19,200$17,068
6 years$19,244$18,138$17,097$16,116$15,193$13,154
7 years$16,329$15,232$14,207$13,250$12,356$10,410
8 years$14,143$13,057$12,049$11,115$10,250$8,398
9 years$12,444$11,368$10,378$9,467$8,632$6,872
10 years$11,086$10,021$9,048$8,161$7,355$5,684
11 years$9,976$8,921$7,965$7,103$6,326$4,743
12 years$9,051$8,007$7,069$6,230$5,482$3,985
13 years$8,269$7,236$6,316$5,500$4,780$3,366
14 years$7,599$6,577$5,675$4,882$4,190$2,857
15 years$7,020$6,008$5,124$4,354$3,689$2,434
16 years$6,513$5,513$4,645$3,899$3,261$2,080
17 years$6,066$5,077$4,227$3,503$2,891$1,782
18 years$5,669$4,691$3,859$3,157$2,571$1,530
19 years$5,315$4,348$3,532$2,852$2,291$1,317
20 years$4,996$4,040$3,242$2,583$2,047$1,135
21 years$4,708$3,763$2,982$2,345$1,831$979
22 years$4,447$3,513$2,748$2,132$1,642$846
23 years$4,208$3,286$2,538$1,942$1,474$731
24 years$3,990$3,078$2,347$1,771$1,325$633
25 years$3,790$2,889$2,174$1,617$1,192$548
26 years$3,605$2,715$2,016$1,479$1,074$475
27 years$3,435$2,555$1,872$1,353$968$412
28 years$3,276$2,408$1,740$1,240$873$358
29 years$3,129$2,271$1,619$1,137$789$310
30 years$2,992$2,145$1,508$1,044$713$269
31 years$2,864$2,028$1,406$958$644$234
32 years$2,745$1,919$1,312$881$583$203
33 years$2,633$1,817$1,225$810$527$177
34 years$2,527$1,722$1,145$745$478$154
35 years$2,428$1,633$1,070$686$433$134
36 years$2,335$1,550$1,001$632$392$116
37 years$2,247$1,473$937$582$355$101
38 years$2,163$1,399$877$537$322$88
39 years$2,084$1,331$822$495$292$76
40 years$2,010$1,266$771$456$265$66
41 years$1,939$1,205$723$421$240$58
42 years$1,872$1,148$678$389$218$50
43 years$1,808$1,094$636$359$198$44
44 years$1,747$1,042$597$331$180$38
45 years$1,689$994$561$306$163$33
46 years$1,633$948$526$283$148$29
47 years$1,580$905$495$261$134$25
48 years$1,530$864$465$241$122$22
49 years$1,481$825$437$223$111$19
50 years$1,435$788$411$206$101$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,470,000, adding $4,566 every year, while hoping to spend $25,986 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: 54/24/22 Blend
67$1,470,000$1,470,000$1,470,000$1,470,000
68$1,624,650$1,546,740$1,523,955$1,702,356
69$1,762,715$1,594,881$1,547,358$1,804,359
70$1,913,992$1,644,511$1,570,675$1,912,241
71$2,079,801$1,695,673$1,593,874$2,029,133
72$2,261,596$1,748,416$1,616,924$2,155,904
73$2,460,978$1,802,788$1,639,791$2,293,511
74$2,679,711$1,858,838$1,662,437$2,443,008
75$2,919,738$1,916,617$1,684,825$2,605,555
76$3,183,198$1,976,179$1,706,914$2,782,431
77$3,472,450$2,037,576$1,728,660$2,975,041
78$3,790,089$2,100,867$1,750,019$3,184,934
79$4,138,975$2,166,107$1,770,942$3,413,817
80$4,522,260$2,233,356$1,791,379$3,663,568
81$4,943,416$2,302,675$1,811,275$3,936,256
82$5,406,265$2,374,127$1,830,574$4,234,159
83$5,915,022$2,447,777$1,849,216$4,559,787
84$6,474,328$2,523,691$1,867,138$4,915,906
85$7,089,296$2,601,939$1,884,273$5,305,559
86$7,765,560$2,682,590$1,900,552$5,732,103
87$8,509,327$2,765,717$1,915,901$6,199,231
88$9,327,437$2,851,395$1,930,242$6,711,016
89$10,227,423$2,939,702$1,943,493$7,271,942
90$11,217,589$3,030,716$1,955,569$7,886,949
91$12,307,082$3,124,519$1,966,379$8,561,482
92$13,505,979$3,221,196$1,975,828$9,301,538
93$14,825,387$3,320,832$1,983,816$10,113,723
94$16,277,541$3,423,518$1,990,238$11,005,319
95$17,875,923$3,529,343$1,994,984$11,984,347
96$19,635,390$3,638,404$1,997,939$13,059,644
97$21,572,310$3,750,796$1,998,980$14,240,949
98$23,704,721$3,866,620$1,997,981$15,538,990
99$26,052,497$3,985,978$1,994,808$16,965,592
100$28,637,537$4,108,977$1,989,319$18,533,779