Can I retire at age 68 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$74,651$73,987$73,338$72,705$72,086$70,201
2 years$36,956$36,268$35,601$34,954$34,327$32,440
3 years$24,393$23,701$23,036$22,395$21,778$19,950
4 years$18,112$17,423$16,764$16,135$15,532$13,776
5 years$14,345$13,660$13,010$12,393$11,808$10,127
6 years$11,834$11,154$10,514$9,911$9,343$7,741
7 years$10,042$9,367$8,737$8,148$7,598$6,075
8 years$8,698$8,030$7,410$6,835$6,304$4,858
9 years$7,653$6,991$6,382$5,822$5,308$3,939
10 years$6,818$6,162$5,564$5,019$4,523$3,229
11 years$6,135$5,486$4,898$4,368$3,890$2,668
12 years$5,566$4,924$4,347$3,831$3,371$2,220
13 years$5,085$4,450$3,884$3,382$2,940$1,857
14 years$4,673$4,045$3,490$3,002$2,577$1,560
15 years$4,317$3,695$3,151$2,678$2,269$1,315
16 years$4,005$3,390$2,857$2,398$2,005$1,112
17 years$3,730$3,122$2,599$2,154$1,778$942
18 years$3,486$2,885$2,373$1,941$1,581$800
19 years$3,268$2,674$2,172$1,754$1,409$681
20 years$3,072$2,485$1,994$1,589$1,259$580
21 years$2,895$2,314$1,834$1,442$1,126$495
22 years$2,735$2,160$1,690$1,311$1,010$423
23 years$2,588$2,021$1,561$1,194$906$361
24 years$2,454$1,893$1,443$1,089$815$309
25 years$2,331$1,777$1,337$995$733$264
26 years$2,217$1,670$1,240$909$660$226
27 years$2,112$1,571$1,151$832$595$194
28 years$2,015$1,481$1,070$763$537$166
29 years$1,924$1,397$996$699$485$143
30 years$1,840$1,319$928$642$438$122
31 years$1,762$1,247$865$589$396$105
32 years$1,688$1,180$807$542$358$90
33 years$1,619$1,117$753$498$324$77
34 years$1,554$1,059$704$458$294$66
35 years$1,493$1,005$658$422$266$57
36 years$1,436$953$616$389$241$49
37 years$1,382$906$576$358$218$42
38 years$1,330$861$540$330$198$36
39 years$1,282$818$506$304$180$31
40 years$1,236$779$474$281$163$27
41 years$1,192$741$444$259$148$23
42 years$1,151$706$417$239$134$20
43 years$1,112$673$391$221$122$17
44 years$1,074$641$367$204$110$14
45 years$1,038$611$345$188$100$12
46 years$1,004$583$324$174$91$11
47 years$972$557$304$161$83$9
48 years$941$531$286$148$75$8
49 years$911$507$269$137$68$7
50 years$883$485$253$127$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $904,000, adding $2,051 every year, while hoping to spend $28,132 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: 43/37/20 Blend
67$904,000$904,000$904,000$904,000
68$998,324$950,412$936,400$1,035,357
69$1,070,220$967,050$937,837$1,078,382
70$1,148,508$983,560$938,379$1,122,065
71$1,233,808$999,907$937,967$1,168,811
72$1,326,805$1,016,051$936,538$1,218,919
73$1,428,254$1,031,952$934,027$1,272,715
74$1,538,983$1,047,565$930,363$1,330,561
75$1,659,905$1,062,841$925,477$1,392,856
76$1,792,025$1,077,731$919,290$1,460,041
77$1,936,451$1,092,178$911,725$1,532,602
78$2,094,399$1,106,125$902,698$1,611,078
79$2,267,212$1,119,509$892,123$1,696,062
80$2,456,366$1,132,263$879,907$1,788,208
81$2,663,487$1,144,316$865,956$1,888,240
82$2,890,366$1,155,592$850,169$1,996,956
83$3,138,977$1,166,009$832,443$2,115,239
84$3,411,490$1,175,481$812,667$2,244,060
85$3,710,298$1,183,915$790,728$2,384,495
86$4,038,036$1,191,215$766,504$2,537,730
87$4,397,605$1,197,274$739,872$2,705,072
88$4,792,203$1,201,983$710,700$2,887,967
89$5,225,350$1,205,222$678,851$3,088,009
90$5,700,925$1,206,867$644,182$3,306,958
91$6,223,201$1,206,785$606,543$3,546,755
92$6,796,882$1,204,833$565,777$3,809,545
93$7,427,156$1,200,861$521,722$4,097,690
94$8,119,732$1,194,709$474,207$4,413,802
95$8,880,904$1,186,209$423,052$4,760,758
96$9,717,604$1,175,181$368,071$5,141,737
97$10,637,468$1,161,434$309,071$5,560,243
98$11,648,912$1,144,767$245,847$6,020,142
99$12,761,206$1,124,965$178,187$6,525,702
100$13,984,563$1,101,802$105,870$7,081,628