Can I retire at age 68 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$134,604$133,405$132,235$131,093$129,978$129,051
2 years$66,636$65,395$64,192$63,026$61,895$60,959
3 years$43,982$42,736$41,536$40,381$39,268$38,355
4 years$32,658$31,416$30,228$29,092$28,007$27,121
5 years$25,865$24,630$23,458$22,346$21,290$20,435
6 years$21,338$20,112$18,958$17,870$16,846$16,023
7 years$18,106$16,890$15,754$14,692$13,700$12,910
8 years$15,683$14,478$13,361$12,325$11,366$10,608
9 years$13,799$12,606$11,507$10,498$9,572$8,846
10 years$12,293$11,111$10,032$9,049$8,156$7,461
11 years$11,061$9,892$8,832$7,876$7,014$6,351
12 years$10,036$8,878$7,839$6,908$6,078$5,446
13 years$9,169$8,023$7,003$6,099$5,300$4,698
14 years$8,426$7,293$6,292$5,414$4,646$4,073
15 years$7,784$6,662$5,681$4,828$4,091$3,546
16 years$7,222$6,113$5,151$4,323$3,616$3,099
17 years$6,726$5,629$4,687$3,884$3,206$2,716
18 years$6,286$5,202$4,279$3,500$2,850$2,386
19 years$5,893$4,821$3,917$3,163$2,541$2,102
20 years$5,540$4,480$3,595$2,865$2,269$1,854
21 years$5,221$4,173$3,306$2,600$2,031$1,639
22 years$4,931$3,895$3,047$2,364$1,820$1,451
23 years$4,666$3,643$2,814$2,153$1,634$1,286
24 years$4,425$3,413$2,602$1,964$1,469$1,141
25 years$4,202$3,203$2,410$1,793$1,322$1,014
26 years$3,998$3,011$2,235$1,640$1,190$901
27 years$3,808$2,833$2,076$1,501$1,073$802
28 years$3,633$2,670$1,930$1,375$968$714
29 years$3,470$2,519$1,796$1,261$875$636
30 years$3,318$2,379$1,673$1,157$790$567
31 years$3,176$2,249$1,559$1,063$714$505
32 years$3,043$2,128$1,455$977$646$451
33 years$2,919$2,015$1,358$898$585$402
34 years$2,802$1,910$1,269$826$529$359
35 years$2,692$1,811$1,187$761$480$321
36 years$2,589$1,719$1,110$701$435$287
37 years$2,491$1,633$1,039$646$394$256
38 years$2,399$1,552$973$595$357$229
39 years$2,311$1,476$912$549$324$205
40 years$2,228$1,404$854$506$294$183
41 years$2,150$1,336$801$467$266$163
42 years$2,075$1,273$752$431$242$146
43 years$2,004$1,213$705$398$219$131
44 years$1,937$1,156$662$367$199$117
45 years$1,872$1,102$622$339$181$105
46 years$1,811$1,052$584$313$164$94
47 years$1,752$1,003$548$289$149$84
48 years$1,696$958$515$267$135$75
49 years$1,643$915$484$247$123$67
50 years$1,591$874$455$228$112$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,630,000, adding $2,972 every year, while hoping to spend $43,930 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: 31/41/28 Blend
67$1,630,000$1,630,000$1,630,000$1,630,000
68$1,799,326$1,712,936$1,687,671$1,839,593
69$1,936,116$1,750,128$1,697,466$1,908,197
70$2,085,386$1,787,671$1,706,118$1,977,931
71$2,248,363$1,825,535$1,713,541$2,052,133
72$2,426,397$1,863,687$1,719,645$2,131,224
73$2,620,975$1,902,093$1,724,339$2,215,670
74$2,833,733$1,940,714$1,727,523$2,305,986
75$3,066,473$1,979,508$1,729,094$2,402,740
76$3,321,179$2,018,430$1,728,944$2,506,557
77$3,600,035$2,057,429$1,726,960$2,618,131
78$3,905,448$2,096,452$1,723,023$2,738,226
79$4,240,067$2,135,442$1,717,007$2,867,685
80$4,606,809$2,174,333$1,708,782$3,007,441
81$5,008,888$2,213,060$1,698,210$3,158,522
82$5,449,842$2,251,548$1,685,148$3,322,065
83$5,933,571$2,289,718$1,669,445$3,499,324
84$6,464,367$2,327,486$1,650,944$3,691,682
85$7,046,959$2,364,760$1,629,477$3,900,670
86$7,686,558$2,401,442$1,604,874$4,127,974
87$8,388,901$2,437,428$1,576,951$4,375,458
88$9,160,310$2,472,603$1,545,520$4,645,177
89$10,007,749$2,506,847$1,510,382$4,939,401
90$10,938,889$2,540,032$1,471,330$5,260,636
91$11,962,181$2,572,019$1,428,144$5,611,646
92$13,086,936$2,602,660$1,380,600$5,995,482
93$14,323,411$2,631,798$1,328,457$6,415,514
94$15,682,907$2,659,265$1,271,469$6,875,456
95$17,177,875$2,684,880$1,209,375$7,379,410
96$18,822,032$2,708,453$1,141,902$7,931,902
97$20,630,491$2,729,779$1,068,768$8,537,924
98$22,619,905$2,748,642$989,675$9,202,986
99$24,808,619$2,764,809$904,313$9,933,168
100$27,216,849$2,778,036$812,359$10,735,174