Can I retire at age 68 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$74,569$73,905$73,257$72,624$72,006$70,039
2 years$36,915$36,228$35,561$34,915$34,289$32,321
3 years$24,366$23,675$23,011$22,371$21,754$19,847
4 years$18,092$17,404$16,746$16,117$15,515$13,684
5 years$14,329$13,645$12,995$12,379$11,794$10,044
6 years$11,821$11,142$10,502$9,900$9,333$7,665
7 years$10,030$9,357$8,727$8,139$7,590$6,005
8 years$8,688$8,021$7,402$6,828$6,297$4,793
9 years$7,644$6,983$6,375$5,816$5,303$3,880
10 years$6,810$6,156$5,558$5,013$4,518$3,174
11 years$6,128$5,480$4,893$4,363$3,886$2,618
12 years$5,560$4,919$4,342$3,827$3,367$2,174
13 years$5,080$4,445$3,880$3,379$2,936$1,815
14 years$4,668$4,040$3,486$2,999$2,574$1,521
15 years$4,312$3,691$3,147$2,675$2,266$1,280
16 years$4,001$3,386$2,854$2,395$2,003$1,080
17 years$3,726$3,119$2,597$2,152$1,776$913
18 years$3,483$2,882$2,370$1,939$1,579$774
19 years$3,265$2,671$2,170$1,752$1,408$657
20 years$3,069$2,482$1,991$1,587$1,257$558
21 years$2,892$2,312$1,832$1,440$1,125$475
22 years$2,732$2,158$1,688$1,310$1,008$405
23 years$2,585$2,018$1,559$1,193$905$345
24 years$2,451$1,891$1,442$1,088$814$295
25 years$2,328$1,775$1,335$993$732$251
26 years$2,215$1,668$1,238$908$660$215
27 years$2,110$1,570$1,150$831$595$184
28 years$2,013$1,479$1,069$762$537$157
29 years$1,922$1,395$995$699$484$134
30 years$1,838$1,318$927$641$438$115
31 years$1,760$1,246$864$589$396$98
32 years$1,686$1,179$806$541$358$84
33 years$1,617$1,116$753$498$324$72
34 years$1,552$1,058$703$458$293$62
35 years$1,492$1,003$657$421$266$53
36 years$1,434$952$615$388$241$45
37 years$1,380$905$576$358$218$39
38 years$1,329$860$539$330$198$33
39 years$1,280$817$505$304$179$28
40 years$1,235$778$473$280$163$24
41 years$1,191$740$444$259$148$21
42 years$1,150$705$416$239$134$18
43 years$1,110$672$391$220$122$15
44 years$1,073$640$367$203$110$13
45 years$1,037$611$344$188$100$11
46 years$1,003$583$323$174$91$10
47 years$971$556$304$160$83$8
48 years$940$531$286$148$75$7
49 years$910$507$268$137$68$6
50 years$882$484$252$127$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $903,000, adding $5,964 every year, while hoping to spend $22,976 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: 60/23/17 Blend
67$903,000$903,000$903,000$903,000
68$1,001,258$953,399$939,402$1,056,626
69$1,078,940$975,669$946,426$1,116,988
70$1,163,775$998,261$952,915$1,179,732
71$1,256,470$1,021,165$958,827$1,247,648
72$1,357,800$1,044,372$964,118$1,321,241
73$1,468,620$1,067,871$968,740$1,401,063
74$1,589,873$1,091,650$972,646$1,487,727
75$1,722,593$1,115,694$975,784$1,581,904
76$1,867,924$1,139,990$978,099$1,684,338
77$2,027,122$1,164,519$979,535$1,795,845
78$2,201,571$1,189,263$980,032$1,917,325
79$2,392,796$1,214,201$979,528$2,049,771
80$2,602,476$1,239,312$977,956$2,194,276
81$2,832,460$1,264,569$975,249$2,352,044
82$3,084,785$1,289,947$971,334$2,524,404
83$3,361,695$1,315,417$966,136$2,712,818
84$3,665,660$1,340,945$959,574$2,918,900
85$3,999,405$1,366,498$951,567$3,144,425
86$4,365,926$1,392,038$942,026$3,391,354
87$4,768,527$1,417,525$930,861$3,661,844
88$5,210,849$1,442,916$917,977$3,958,274
89$5,696,899$1,468,162$903,272$4,283,266
90$6,231,094$1,493,213$886,643$4,639,711
91$6,818,300$1,518,015$867,980$5,030,792
92$7,463,877$1,542,509$847,169$5,460,020
93$8,173,732$1,566,631$824,088$5,931,264
94$8,954,371$1,590,315$798,614$6,448,787
95$9,812,964$1,613,486$770,614$7,017,290
96$10,757,408$1,636,069$739,951$7,641,953
97$11,796,406$1,657,979$706,482$8,328,483
98$12,939,547$1,679,127$670,056$9,083,174
99$14,197,395$1,699,419$630,518$9,912,960
100$15,581,591$1,718,753$587,702$10,825,486