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%12.9%
1 years$74,486$73,823$73,176$72,544$71,927$71,057
2 years$36,874$36,188$35,522$34,877$34,251$33,376
3 years$24,339$23,649$22,985$22,346$21,730$20,877
4 years$18,072$17,385$16,727$16,099$15,498$14,673
5 years$14,313$13,630$12,981$12,366$11,781$10,987
6 years$11,808$11,130$10,491$9,889$9,322$8,559
7 years$10,019$9,347$8,718$8,130$7,581$6,850
8 years$8,678$8,012$7,393$6,820$6,290$5,590
9 years$7,636$6,976$6,368$5,809$5,297$4,629
10 years$6,803$6,149$5,552$5,008$4,513$3,876
11 years$6,121$5,474$4,888$4,358$3,881$3,275
12 years$5,554$4,913$4,338$3,823$3,364$2,787
13 years$5,074$4,440$3,875$3,375$2,933$2,386
14 years$4,663$4,036$3,482$2,996$2,571$2,052
15 years$4,307$3,687$3,144$2,672$2,264$1,772
16 years$3,996$3,383$2,850$2,392$2,001$1,536
17 years$3,722$3,115$2,594$2,149$1,774$1,335
18 years$3,479$2,879$2,368$1,937$1,577$1,163
19 years$3,261$2,668$2,168$1,750$1,406$1,015
20 years$3,066$2,479$1,989$1,585$1,256$888
21 years$2,889$2,309$1,830$1,439$1,124$778
22 years$2,729$2,156$1,686$1,308$1,007$683
23 years$2,582$2,016$1,557$1,191$904$599
24 years$2,448$1,889$1,440$1,087$813$527
25 years$2,325$1,773$1,334$992$731$464
26 years$2,212$1,666$1,237$907$659$408
27 years$2,107$1,568$1,149$830$594$360
28 years$2,010$1,477$1,068$761$536$317
29 years$1,920$1,394$994$698$484$280
30 years$1,836$1,316$926$640$437$247
31 years$1,758$1,244$863$588$395$218
32 years$1,684$1,177$805$541$358$193
33 years$1,615$1,115$752$497$324$170
34 years$1,551$1,057$702$457$293$151
35 years$1,490$1,002$657$421$265$133
36 years$1,433$951$614$388$240$118
37 years$1,379$904$575$357$218$104
38 years$1,327$859$538$329$198$92
39 years$1,279$817$504$304$179$81
40 years$1,233$777$473$280$163$72
41 years$1,190$740$443$258$147$64
42 years$1,148$704$416$238$134$56
43 years$1,109$671$390$220$121$50
44 years$1,072$640$366$203$110$44
45 years$1,036$610$344$188$100$39
46 years$1,002$582$323$173$91$35
47 years$970$555$304$160$82$31
48 years$939$530$285$148$75$27
49 years$909$506$268$137$68$24
50 years$881$484$252$126$62$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $902,000, adding $5,638 every year, while hoping to spend $28,006 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: 27/45/28 Blend
67$902,000$902,000$902,000$902,000
68$999,820$952,014$938,033$1,017,989
69$1,072,003$968,864$939,659$1,049,992
70$1,150,611$985,602$940,400$1,081,551
71$1,236,268$1,002,191$940,199$1,114,868
72$1,329,663$1,018,595$938,992$1,150,110
73$1,431,555$1,034,772$936,714$1,187,465
74$1,542,777$1,050,679$933,297$1,227,141
75$1,664,248$1,066,270$928,670$1,269,368
76$1,796,978$1,081,494$922,757$1,314,403
77$1,942,080$1,096,298$915,480$1,362,528
78$2,100,780$1,110,624$906,757$1,414,056
79$2,274,426$1,124,411$896,500$1,469,336
80$2,464,505$1,137,594$884,619$1,528,753
81$2,672,651$1,150,103$871,020$1,592,732
82$2,900,666$1,161,862$855,604$1,661,746
83$3,150,533$1,172,794$838,267$1,736,317
84$3,424,439$1,182,811$818,900$1,817,025
85$3,724,788$1,191,825$797,389$1,904,509
86$4,054,231$1,199,739$773,616$1,999,479
87$4,415,686$1,206,451$747,456$2,102,718
88$4,812,370$1,211,851$718,780$2,215,095
89$5,247,824$1,215,823$687,451$2,337,569
90$5,725,948$1,218,245$653,327$2,471,201
91$6,251,041$1,218,985$616,260$2,617,166
92$6,827,836$1,217,904$576,093$2,776,762
93$7,461,549$1,214,855$532,666$2,951,423
94$8,157,925$1,209,681$485,808$3,142,737
95$8,923,292$1,202,214$435,342$3,352,457
96$9,764,625$1,192,280$381,083$3,582,520
97$10,689,606$1,179,690$322,838$3,835,068
98$11,706,697$1,164,247$260,405$4,112,469
99$12,825,225$1,145,740$193,573$4,417,335
100$14,055,462$1,123,945$122,122$4,752,556