Can I retire at age 68 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$145,339$144,045$142,781$141,549$140,345$139,636
2 years$71,950$70,610$69,311$68,052$66,831$66,116
3 years$47,490$46,144$44,849$43,602$42,400$41,701
4 years$35,263$33,921$32,639$31,413$30,240$29,561
5 years$27,928$26,595$25,329$24,128$22,988$22,332
6 years$23,040$21,716$20,470$19,295$18,190$17,558
7 years$19,550$18,237$17,010$15,864$14,793$14,185
8 years$16,933$15,633$14,426$13,308$12,272$11,689
9 years$14,900$13,611$12,425$11,335$10,335$9,776
10 years$13,273$11,998$10,833$9,771$8,806$8,270
11 years$11,944$10,681$9,537$8,504$7,573$7,061
12 years$10,836$9,586$8,464$7,459$6,563$6,074
13 years$9,900$8,663$7,562$6,585$5,723$5,256
14 years$9,099$7,875$6,794$5,846$5,017$4,572
15 years$8,404$7,194$6,134$5,213$4,417$3,994
16 years$7,797$6,600$5,562$4,668$3,904$3,502
17 years$7,263$6,078$5,061$4,194$3,461$3,080
18 years$6,788$5,617$4,620$3,780$3,078$2,716
19 years$6,363$5,206$4,229$3,415$2,743$2,400
20 years$5,982$4,837$3,881$3,093$2,450$2,126
21 years$5,637$4,506$3,570$2,807$2,193$1,886
22 years$5,324$4,206$3,290$2,552$1,966$1,675
23 years$5,039$3,934$3,038$2,325$1,764$1,491
24 years$4,777$3,686$2,810$2,120$1,586$1,328
25 years$4,538$3,459$2,602$1,936$1,427$1,184
26 years$4,316$3,251$2,414$1,770$1,285$1,057
27 years$4,112$3,059$2,241$1,620$1,159$944
28 years$3,923$2,883$2,084$1,485$1,046$844
29 years$3,747$2,720$1,939$1,361$944$754
30 years$3,583$2,568$1,806$1,250$853$675
31 years$3,429$2,428$1,684$1,148$771$605
32 years$3,286$2,297$1,571$1,055$698$542
33 years$3,152$2,176$1,467$970$631$485
34 years$3,026$2,062$1,370$892$572$435
35 years$2,907$1,956$1,281$821$518$390
36 years$2,795$1,856$1,199$757$469$350
37 years$2,690$1,763$1,122$697$425$314
38 years$2,590$1,676$1,051$642$386$282
39 years$2,496$1,593$984$592$350$253
40 years$2,406$1,516$923$546$317$227
41 years$2,321$1,443$865$504$288$204
42 years$2,241$1,374$811$465$261$183
43 years$2,164$1,309$761$429$237$165
44 years$2,091$1,248$715$397$215$148
45 years$2,022$1,190$671$366$195$133
46 years$1,955$1,135$630$338$177$119
47 years$1,892$1,083$592$313$161$107
48 years$1,832$1,034$557$289$146$96
49 years$1,774$988$523$267$133$87
50 years$1,718$944$492$247$121$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,760,000, adding $5,247 every year, while hoping to spend $35,679 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: 70/14/16 Blend
67$1,760,000$1,760,000$1,760,000$1,760,000
68$1,944,932$1,851,652$1,824,372$2,073,480
69$2,105,353$1,904,421$1,847,527$2,212,434
70$2,280,941$1,958,580$1,870,261$2,359,696
71$2,473,206$2,014,159$1,892,523$2,519,955
72$2,683,809$2,071,189$1,914,259$2,694,491
73$2,914,581$2,129,701$1,935,410$2,884,709
74$3,167,539$2,189,726$1,955,916$3,092,160
75$3,444,901$2,251,296$1,975,713$3,318,550
76$3,749,114$2,314,443$1,994,733$3,565,759
77$4,082,872$2,379,198$2,012,904$3,835,858
78$4,449,139$2,445,594$2,030,151$4,131,128
79$4,851,186$2,513,662$2,046,396$4,454,082
80$5,292,610$2,583,435$2,061,553$4,807,486
81$5,777,378$2,654,945$2,075,537$5,194,391
82$6,309,857$2,728,224$2,088,254$5,618,155
83$6,894,859$2,803,304$2,099,607$6,082,479
84$7,537,686$2,880,217$2,109,495$6,591,441
85$8,244,177$2,958,994$2,117,810$7,149,531
86$9,020,766$3,039,667$2,124,439$7,761,700
87$9,874,540$3,122,268$2,129,265$8,433,399
88$10,813,310$3,206,826$2,132,162$9,170,639
89$11,845,679$3,293,371$2,133,000$9,980,037
90$12,981,126$3,381,934$2,131,644$10,868,889
91$14,230,095$3,472,543$2,127,948$11,845,231
92$15,604,093$3,565,226$2,121,762$12,917,919
93$17,115,798$3,660,010$2,112,929$14,096,712
94$18,779,180$3,756,921$2,101,283$15,392,362
95$20,609,631$3,855,984$2,086,650$16,816,717
96$22,624,109$3,957,223$2,068,849$18,382,834
97$24,841,301$4,060,660$2,047,688$20,105,099
98$27,281,797$4,166,316$2,022,969$21,999,365
99$29,968,285$4,274,209$1,994,482$24,083,102
100$32,925,761$4,384,357$1,962,009$26,375,559