Can I retire at age 68 with 901,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$74,404$73,741$73,094$72,463$71,847$70,368
2 years$36,834$36,148$35,483$34,838$34,213$32,729
3 years$24,312$23,623$22,960$22,321$21,706$20,264
4 years$18,052$17,365$16,709$16,081$15,481$14,092
5 years$14,297$13,615$12,967$12,352$11,768$10,437
6 years$11,795$11,117$10,479$9,878$9,312$8,039
7 years$10,008$9,336$8,708$8,121$7,573$6,358
8 years$8,669$8,003$7,385$6,813$6,283$5,126
9 years$7,628$6,968$6,361$5,803$5,291$4,192
10 years$6,795$6,142$5,546$5,002$4,508$3,466
11 years$6,114$5,468$4,882$4,353$3,877$2,890
12 years$5,548$4,908$4,333$3,818$3,360$2,426
13 years$5,068$4,435$3,871$3,371$2,930$2,048
14 years$4,658$4,031$3,478$2,993$2,568$1,737
15 years$4,302$3,683$3,140$2,669$2,261$1,479
16 years$3,992$3,379$2,847$2,390$1,999$1,263
17 years$3,718$3,112$2,591$2,147$1,772$1,081
18 years$3,475$2,875$2,365$1,935$1,576$928
19 years$3,258$2,665$2,165$1,748$1,404$798
20 years$3,062$2,476$1,987$1,583$1,254$687
21 years$2,886$2,307$1,828$1,437$1,123$592
22 years$2,726$2,153$1,685$1,307$1,006$511
23 years$2,579$2,014$1,555$1,190$903$442
24 years$2,446$1,887$1,438$1,085$812$382
25 years$2,323$1,771$1,332$991$731$331
26 years$2,210$1,664$1,236$906$658$286
27 years$2,105$1,566$1,147$830$593$248
28 years$2,008$1,476$1,067$760$535$215
29 years$1,918$1,392$993$697$483$187
30 years$1,834$1,315$925$640$437$162
31 years$1,756$1,243$862$587$395$140
32 years$1,682$1,176$804$540$357$122
33 years$1,614$1,114$751$496$323$106
34 years$1,549$1,056$702$457$293$92
35 years$1,488$1,001$656$421$265$80
36 years$1,431$950$614$387$240$69
37 years$1,377$903$574$357$218$60
38 years$1,326$858$538$329$197$52
39 years$1,278$816$504$303$179$46
40 years$1,232$776$472$280$162$40
41 years$1,188$739$443$258$147$34
42 years$1,147$704$415$238$134$30
43 years$1,108$670$390$220$121$26
44 years$1,071$639$366$203$110$23
45 years$1,035$609$344$187$100$20
46 years$1,001$581$323$173$91$17
47 years$969$555$303$160$82$15
48 years$938$530$285$148$75$13
49 years$908$506$268$137$68$11
50 years$880$483$252$126$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $901,000, adding $6,356 every year, while hoping to spend $31,608 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: 80/5/15 Blend
67$901,000$901,000$901,000$901,000
68$999,458$951,705$937,740$1,075,828
69$1,067,772$964,708$935,523$1,139,972
70$1,141,995$977,289$932,173$1,205,642
71$1,222,696$989,393$927,618$1,276,814
72$1,310,501$1,000,963$921,784$1,354,025
73$1,406,099$1,011,938$914,591$1,437,869
74$1,510,250$1,022,251$905,958$1,528,997
75$1,623,786$1,031,833$895,798$1,628,129
76$1,747,627$1,040,607$884,023$1,736,056
77$1,882,784$1,048,496$870,536$1,853,650
78$2,030,369$1,055,413$855,240$1,981,874
79$2,191,607$1,061,269$838,031$2,121,785
80$2,367,847$1,065,968$818,802$2,274,553
81$2,560,574$1,069,406$797,438$2,441,461
82$2,771,421$1,071,476$773,821$2,623,929
83$3,002,190$1,072,062$747,827$2,823,517
84$3,254,862$1,071,041$719,328$3,041,946
85$3,531,619$1,068,283$688,186$3,281,113
86$3,834,865$1,063,651$654,262$3,543,108
87$4,167,248$1,056,996$617,406$3,830,234
88$4,531,682$1,048,164$577,465$4,145,029
89$4,931,380$1,036,989$534,275$4,490,291
90$5,369,876$1,023,297$487,669$4,869,101
91$5,851,067$1,006,903$437,469$5,284,858
92$6,379,244$987,609$383,493$5,741,305
93$6,959,132$965,207$325,545$6,242,570
94$7,595,940$939,479$263,427$6,793,198
95$8,295,401$910,189$196,928$7,398,203
96$9,063,835$877,091$125,827$8,063,108
97$9,908,202$839,924$49,898$8,793,999
98$10,836,169$798,411$0$9,597,586
99$11,856,185$752,260$0$10,486,245
100$12,977,557$701,161$0$11,471,989