Can I retire at age 68 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$125,520$124,402$123,311$122,247$121,207$117,894
2 years$62,139$60,981$59,860$58,772$57,718$54,404
3 years$41,014$39,852$38,733$37,656$36,618$33,408
4 years$30,454$29,295$28,188$27,129$26,117$23,034
5 years$24,120$22,968$21,875$20,838$19,853$16,907
6 years$19,898$18,755$17,678$16,664$15,709$12,902
7 years$16,884$15,751$14,691$13,700$12,776$10,108
8 years$14,624$13,501$12,459$11,493$10,599$8,069
9 years$12,868$11,755$10,731$9,789$8,926$6,531
10 years$11,463$10,362$9,355$8,439$7,605$5,343
11 years$10,315$9,224$8,236$7,344$6,541$4,407
12 years$9,359$8,279$7,310$6,442$5,668$3,659
13 years$8,550$7,482$6,531$5,687$4,943$3,054
14 years$7,858$6,801$5,868$5,048$4,333$2,560
15 years$7,258$6,213$5,298$4,502$3,815$2,154
16 years$6,734$5,700$4,803$4,031$3,372$1,817
17 years$6,272$5,250$4,371$3,622$2,989$1,537
18 years$5,862$4,851$3,990$3,264$2,658$1,302
19 years$5,495$4,496$3,653$2,950$2,369$1,106
20 years$5,166$4,178$3,352$2,671$2,116$940
21 years$4,868$3,891$3,083$2,424$1,894$800
22 years$4,598$3,632$2,842$2,204$1,698$681
23 years$4,352$3,397$2,624$2,008$1,524$581
24 years$4,126$3,183$2,427$1,831$1,370$496
25 years$3,919$2,987$2,248$1,672$1,232$423
26 years$3,728$2,807$2,084$1,529$1,110$362
27 years$3,551$2,642$1,936$1,399$1,001$309
28 years$3,388$2,490$1,799$1,282$903$264
29 years$3,236$2,349$1,675$1,176$815$226
30 years$3,094$2,218$1,560$1,079$737$193
31 years$2,962$2,097$1,454$991$666$165
32 years$2,838$1,984$1,357$911$603$142
33 years$2,722$1,879$1,267$838$545$121
34 years$2,613$1,781$1,184$771$494$104
35 years$2,511$1,689$1,107$709$447$89
36 years$2,414$1,603$1,035$653$405$76
37 years$2,323$1,523$969$602$367$65
38 years$2,237$1,447$907$555$333$56
39 years$2,155$1,376$850$512$302$48
40 years$2,078$1,309$797$472$274$41
41 years$2,005$1,246$747$435$248$35
42 years$1,935$1,187$701$402$225$30
43 years$1,869$1,131$658$371$205$26
44 years$1,806$1,078$617$342$186$22
45 years$1,746$1,028$580$316$169$19
46 years$1,689$981$544$292$153$16
47 years$1,634$936$511$270$139$14
48 years$1,582$893$481$249$126$12
49 years$1,532$853$452$231$115$10
50 years$1,484$815$425$213$104$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,520,000, adding $3,925 every year, while hoping to spend $50,062 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: 68/23/9 Blend
67$1,520,000$1,520,000$1,520,000$1,520,000
68$1,679,089$1,598,529$1,574,969$1,790,076
69$1,797,090$1,623,591$1,574,465$1,889,295
70$1,925,450$1,648,203$1,572,266$1,991,357
71$2,065,172$1,672,291$1,568,262$2,101,643
72$2,217,360$1,695,774$1,562,340$2,220,951
73$2,383,229$1,718,566$1,554,377$2,350,160
74$2,564,119$1,740,576$1,544,249$2,490,238
75$2,761,499$1,761,704$1,531,821$2,642,252
76$2,976,991$1,781,847$1,516,957$2,807,380
77$3,212,379$1,800,892$1,499,509$2,986,916
78$3,469,626$1,818,720$1,479,327$3,182,291
79$3,750,894$1,835,204$1,456,251$3,395,078
80$4,058,563$1,850,207$1,430,113$3,627,013
81$4,395,255$1,863,585$1,400,740$3,880,009
82$4,763,855$1,875,184$1,367,949$4,156,175
83$5,167,540$1,884,841$1,331,548$4,457,836
84$5,609,812$1,892,381$1,291,337$4,787,552
85$6,094,524$1,897,618$1,247,108$5,148,148
86$6,625,920$1,900,357$1,198,641$5,542,739
87$7,208,676$1,900,386$1,145,707$5,974,754
88$7,847,941$1,897,485$1,088,069$6,447,978
89$8,549,386$1,891,417$1,025,474$6,966,579
90$9,319,259$1,881,932$957,663$7,535,156
91$10,164,441$1,868,764$884,362$8,158,776
92$11,092,511$1,851,631$805,286$8,843,023
93$12,111,821$1,830,234$720,136$9,594,057
94$13,231,568$1,804,257$628,602$10,418,665
95$14,461,886$1,773,364$530,359$11,324,329
96$15,813,939$1,737,199$425,066$12,319,298
97$17,300,025$1,695,386$312,370$13,412,665
98$18,933,693$1,647,525$191,899$14,614,452
99$20,729,870$1,593,195$63,269$15,935,708
100$22,705,004$1,531,948$0$17,388,611