Can I retire at age 68 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$142,036$140,771$139,536$138,332$137,155$134,551
2 years$70,315$69,005$67,736$66,506$65,312$62,699
3 years$46,411$45,096$43,830$42,611$41,437$38,895
4 years$34,461$33,150$31,897$30,699$29,553$27,103
5 years$27,293$25,990$24,753$23,580$22,466$20,115
6 years$22,516$21,223$20,004$18,857$17,776$15,527
7 years$19,106$17,823$16,624$15,503$14,457$12,309
8 years$16,549$15,278$14,098$13,005$11,993$9,947
9 years$14,561$13,302$12,143$11,078$10,100$8,154
10 years$12,972$11,725$10,586$9,549$8,606$6,758
11 years$11,672$10,438$9,320$8,310$7,401$5,649
12 years$10,590$9,369$8,271$7,289$6,414$4,755
13 years$9,675$8,466$7,390$6,435$5,593$4,025
14 years$8,892$7,696$6,640$5,713$4,903$3,423
15 years$8,213$7,030$5,995$5,095$4,317$2,922
16 years$7,620$6,450$5,435$4,562$3,815$2,502
17 years$7,098$5,940$4,946$4,099$3,383$2,149
18 years$6,633$5,489$4,515$3,694$3,008$1,849
19 years$6,219$5,087$4,133$3,338$2,681$1,595
20 years$5,846$4,727$3,793$3,023$2,395$1,377
21 years$5,509$4,403$3,489$2,743$2,143$1,191
22 years$5,203$4,110$3,216$2,494$1,921$1,031
23 years$4,924$3,844$2,969$2,272$1,724$894
24 years$4,669$3,602$2,746$2,072$1,550$776
25 years$4,434$3,380$2,543$1,892$1,395$673
26 years$4,218$3,177$2,359$1,730$1,256$585
27 years$4,019$2,990$2,190$1,584$1,133$509
28 years$3,834$2,817$2,036$1,451$1,022$442
29 years$3,661$2,658$1,895$1,331$923$385
30 years$3,501$2,510$1,765$1,221$834$335
31 years$3,352$2,373$1,645$1,121$754$292
32 years$3,212$2,245$1,535$1,031$682$254
33 years$3,080$2,126$1,433$948$617$221
34 years$2,957$2,015$1,339$872$559$193
35 years$2,841$1,911$1,252$803$506$168
36 years$2,732$1,814$1,171$739$459$146
37 years$2,629$1,723$1,096$681$416$128
38 years$2,531$1,637$1,027$628$377$111
39 years$2,439$1,557$962$579$342$97
40 years$2,352$1,481$902$534$310$85
41 years$2,269$1,410$845$493$281$74
42 years$2,190$1,343$793$455$255$64
43 years$2,115$1,280$744$420$232$56
44 years$2,044$1,220$699$388$210$49
45 years$1,976$1,163$656$358$191$43
46 years$1,911$1,110$616$331$173$37
47 years$1,849$1,059$579$305$157$33
48 years$1,790$1,011$544$282$143$28
49 years$1,733$965$511$261$130$25
50 years$1,679$922$481$241$118$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,720,000, adding $3,767 every year, while hoping to spend $28,322 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: 55/19/26 Blend
67$1,720,000$1,720,000$1,720,000$1,720,000
68$1,899,326$1,808,166$1,781,506$1,989,987
69$2,062,922$1,866,631$1,811,052$2,111,257
70$2,242,257$1,927,013$1,840,638$2,240,007
71$2,438,904$1,989,374$1,870,237$2,379,650
72$2,654,600$2,053,780$1,899,817$2,531,243
73$2,891,255$2,120,301$1,929,347$2,695,950
74$3,150,973$2,189,006$1,958,790$2,875,051
75$3,436,075$2,259,970$1,988,112$3,069,956
76$3,749,114$2,333,268$2,017,273$3,282,218
77$4,092,903$2,408,978$2,046,231$3,513,547
78$4,470,542$2,487,181$2,074,943$3,765,826
79$4,885,446$2,567,961$2,103,362$4,041,129
80$5,341,375$2,651,405$2,131,439$4,341,740
81$5,842,474$2,737,602$2,159,121$4,670,173
82$6,393,308$2,826,646$2,186,353$5,029,200
83$6,998,906$2,918,633$2,213,076$5,421,873
84$7,664,810$3,013,661$2,239,230$5,851,554
85$8,397,125$3,111,834$2,264,748$6,321,946
86$9,202,577$3,213,259$2,289,562$6,837,129
87$10,088,576$3,318,046$2,313,599$7,401,596
88$11,063,288$3,426,308$2,336,782$8,020,300
89$12,135,710$3,538,163$2,359,031$8,698,694
90$13,315,754$3,653,735$2,380,260$9,442,788
91$14,614,342$3,773,149$2,400,380$10,259,204
92$16,043,508$3,896,536$2,419,295$11,155,236
93$17,616,512$4,024,032$2,436,907$12,138,921
94$19,347,963$4,155,777$2,453,111$13,219,114
95$21,253,962$4,291,916$2,467,797$14,405,573
96$23,352,247$4,432,601$2,480,849$15,709,047
97$25,662,363$4,577,985$2,492,144$17,141,383
98$28,205,849$4,728,232$2,501,556$18,715,633
99$31,006,438$4,883,507$2,508,951$20,446,177
100$34,090,280$5,043,984$2,514,185$22,348,864