Can I retire at age 68 with 905,000?

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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$74,734$74,068$73,419$72,785$72,166$70,137
2 years$36,997$36,308$35,640$34,993$34,365$32,336
3 years$24,420$23,728$23,062$22,420$21,802$19,838
4 years$18,132$17,442$16,783$16,152$15,550$13,664
5 years$14,361$13,675$13,024$12,407$11,821$10,019
6 years$11,847$11,167$10,526$9,922$9,353$7,637
7 years$10,053$9,378$8,747$8,157$7,607$5,976
8 years$8,707$8,038$7,418$6,843$6,310$4,765
9 years$7,661$6,999$6,389$5,829$5,314$3,852
10 years$6,825$6,169$5,570$5,024$4,528$3,147
11 years$6,141$5,492$4,904$4,373$3,894$2,593
12 years$5,572$4,929$4,352$3,835$3,375$2,150
13 years$5,091$4,455$3,888$3,386$2,943$1,792
14 years$4,678$4,049$3,494$3,006$2,580$1,500
15 years$4,322$3,699$3,154$2,681$2,271$1,260
16 years$4,009$3,394$2,860$2,400$2,007$1,062
17 years$3,734$3,126$2,602$2,157$1,780$897
18 years$3,490$2,888$2,376$1,944$1,583$759
19 years$3,272$2,677$2,175$1,756$1,411$643
20 years$3,076$2,487$1,996$1,591$1,260$546
21 years$2,899$2,317$1,836$1,443$1,128$464
22 years$2,738$2,163$1,692$1,312$1,011$395
23 years$2,591$2,023$1,562$1,195$907$336
24 years$2,457$1,895$1,445$1,090$815$286
25 years$2,333$1,779$1,338$996$734$244
26 years$2,220$1,672$1,241$910$661$208
27 years$2,114$1,573$1,152$833$596$178
28 years$2,017$1,482$1,071$763$538$152
29 years$1,927$1,398$997$700$486$129
30 years$1,842$1,321$929$643$439$111
31 years$1,763$1,248$866$590$397$94
32 years$1,690$1,181$808$542$359$81
33 years$1,621$1,119$754$499$325$69
34 years$1,556$1,060$705$459$294$59
35 years$1,495$1,006$659$422$266$50
36 years$1,437$955$616$389$241$43
37 years$1,383$907$577$358$219$37
38 years$1,332$862$540$330$198$31
39 years$1,283$819$506$305$180$27
40 years$1,237$779$474$281$163$23
41 years$1,194$742$445$259$148$20
42 years$1,152$707$417$239$134$17
43 years$1,113$673$392$221$122$14
44 years$1,075$642$368$204$111$12
45 years$1,040$612$345$188$100$11
46 years$1,005$584$324$174$91$9
47 years$973$557$305$161$83$8
48 years$942$532$286$149$75$7
49 years$912$508$269$137$68$6
50 years$884$485$253$127$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $905,000, adding $2,482 every year, while hoping to spend $48,473 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: 54/29/17 Blend
67$905,000$905,000$905,000$905,000
68$999,870$951,905$937,878$1,049,170
69$1,050,282$946,974$917,722$1,078,187
70$1,104,211$940,176$895,266$1,104,388
71$1,161,966$931,369$870,382$1,131,831
72$1,223,882$920,402$842,936$1,160,647
73$1,290,331$907,115$812,787$1,190,985
74$1,361,719$891,338$779,790$1,223,007
75$1,438,491$872,890$743,789$1,256,898
76$1,521,137$851,582$704,626$1,292,862
77$1,610,195$827,211$662,133$1,331,130
78$1,706,254$799,563$616,133$1,371,957
79$1,809,963$768,413$566,446$1,415,627
80$1,922,036$733,522$512,878$1,462,460
81$2,043,255$694,636$455,230$1,512,808
82$2,174,481$651,487$393,295$1,567,066
83$2,316,660$603,792$326,853$1,625,674
84$2,470,834$551,253$255,677$1,689,120
85$2,638,147$493,552$179,530$1,757,947
86$2,819,857$430,356$98,163$1,832,758
87$3,017,350$361,310$11,319$1,914,226
88$3,232,147$286,042$0$2,003,095
89$3,465,925$204,157$0$2,114,951
90$3,720,528$115,239$0$2,239,106
91$3,997,984$18,847$0$2,374,577
92$4,300,526$0$0$2,522,553
93$4,630,612$0$0$2,711,623
94$4,990,947$0$0$2,924,667
95$5,384,509$0$0$3,157,439
96$5,814,575$0$0$3,411,889
97$6,284,754$0$0$3,690,164
98$6,799,021$0$0$3,994,626
99$7,361,749$0$0$4,327,877
100$7,977,755$0$0$4,692,782