Can I retire at age 68 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$74,486$73,823$73,176$72,544$71,927$70,388
2 years$36,874$36,188$35,522$34,877$34,251$32,708
3 years$24,339$23,649$22,985$22,346$21,730$20,232
4 years$18,072$17,385$16,727$16,099$15,498$14,055
5 years$14,313$13,630$12,981$12,366$11,781$10,398
6 years$11,808$11,130$10,491$9,889$9,322$8,000
7 years$10,019$9,347$8,718$8,130$7,581$6,321
8 years$8,678$8,012$7,393$6,820$6,290$5,090
9 years$7,636$6,976$6,368$5,809$5,297$4,158
10 years$6,803$6,149$5,552$5,008$4,513$3,433
11 years$6,121$5,474$4,888$4,358$3,881$2,859
12 years$5,554$4,913$4,338$3,823$3,364$2,397
13 years$5,074$4,440$3,875$3,375$2,933$2,021
14 years$4,663$4,036$3,482$2,996$2,571$1,712
15 years$4,307$3,687$3,144$2,672$2,264$1,455
16 years$3,996$3,383$2,850$2,392$2,001$1,241
17 years$3,722$3,115$2,594$2,149$1,774$1,061
18 years$3,479$2,879$2,368$1,937$1,577$909
19 years$3,261$2,668$2,168$1,750$1,406$780
20 years$3,066$2,479$1,989$1,585$1,256$671
21 years$2,889$2,309$1,830$1,439$1,124$578
22 years$2,729$2,156$1,686$1,308$1,007$498
23 years$2,582$2,016$1,557$1,191$904$430
24 years$2,448$1,889$1,440$1,087$813$371
25 years$2,325$1,773$1,334$992$731$321
26 years$2,212$1,666$1,237$907$659$277
27 years$2,107$1,568$1,149$830$594$240
28 years$2,010$1,477$1,068$761$536$207
29 years$1,920$1,394$994$698$484$180
30 years$1,836$1,316$926$640$437$156
31 years$1,758$1,244$863$588$395$135
32 years$1,684$1,177$805$541$358$117
33 years$1,615$1,115$752$497$324$101
34 years$1,551$1,057$702$457$293$88
35 years$1,490$1,002$657$421$265$76
36 years$1,433$951$614$388$240$66
37 years$1,379$904$575$357$218$57
38 years$1,327$859$538$329$198$50
39 years$1,279$817$504$304$179$43
40 years$1,233$777$473$280$163$37
41 years$1,190$740$443$258$147$32
42 years$1,148$704$416$238$134$28
43 years$1,109$671$390$220$121$24
44 years$1,072$640$366$203$110$21
45 years$1,036$610$344$188$100$18
46 years$1,002$582$323$173$91$16
47 years$970$555$304$160$82$14
48 years$939$530$285$148$75$12
49 years$909$506$268$137$68$10
50 years$881$484$252$126$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $902,000, adding $5,107 every year, while hoping to spend $21,101 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: 45/30/25 Blend
67$902,000$902,000$902,000$902,000
68$999,272$951,466$937,485$1,036,825
69$1,078,746$975,636$946,439$1,088,068
70$1,165,620$1,000,284$954,987$1,141,162
71$1,260,625$1,025,410$963,091$1,198,327
72$1,364,568$1,051,015$970,714$1,259,951
73$1,478,338$1,077,098$977,816$1,326,467
74$1,602,911$1,103,658$984,355$1,398,346
75$1,739,365$1,130,694$990,288$1,476,111
76$1,888,885$1,158,203$995,568$1,560,338
77$2,052,777$1,186,182$1,000,146$1,651,661
78$2,232,481$1,214,624$1,003,971$1,750,778
79$2,429,579$1,243,526$1,006,989$1,858,458
80$2,645,816$1,272,879$1,009,143$1,975,551
81$2,883,116$1,302,677$1,010,376$2,102,992
82$3,143,593$1,332,907$1,010,623$2,241,811
83$3,429,581$1,363,561$1,009,820$2,393,145
84$3,743,648$1,394,626$1,007,899$2,558,246
85$4,088,624$1,426,086$1,004,787$2,738,493
86$4,467,625$1,457,926$1,000,409$2,935,409
87$4,884,087$1,490,128$994,687$3,150,671
88$5,341,792$1,522,672$987,537$3,386,126
89$5,844,907$1,555,536$978,872$3,643,812
90$6,398,026$1,588,695$968,602$3,925,976
91$7,006,206$1,622,123$956,632$4,235,093
92$7,675,021$1,655,789$942,861$4,573,892
93$8,410,612$1,689,661$927,186$4,945,380
94$9,219,745$1,723,705$909,497$5,352,875
95$10,109,873$1,757,881$889,680$5,800,031
96$11,089,211$1,792,148$867,615$6,290,876
97$12,166,807$1,826,460$843,176$6,829,853
98$13,352,633$1,860,768$816,234$7,421,856
99$14,657,675$1,895,019$786,651$8,072,281
100$16,094,037$1,929,154$754,284$8,787,076