Can I retire at age 68 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$74,817$74,150$73,500$72,865$72,246$71,020
2 years$37,038$36,348$35,680$35,031$34,403$33,171
3 years$24,447$23,754$23,087$22,445$21,826$20,628
4 years$18,152$17,462$16,801$16,170$15,567$14,410
5 years$14,377$13,690$13,039$12,420$11,834$10,723
6 years$11,860$11,179$10,537$9,933$9,364$8,300
7 years$10,064$9,388$8,756$8,166$7,615$6,598
8 years$8,717$8,047$7,426$6,850$6,317$5,347
9 years$7,670$7,007$6,396$5,835$5,320$4,396
10 years$6,833$6,176$5,576$5,030$4,533$3,655
11 years$6,148$5,498$4,909$4,377$3,899$3,065
12 years$5,578$4,935$4,357$3,840$3,378$2,588
13 years$5,096$4,460$3,893$3,390$2,946$2,198
14 years$4,684$4,054$3,497$3,009$2,583$1,876
15 years$4,326$3,703$3,158$2,684$2,274$1,607
16 years$4,014$3,398$2,863$2,403$2,010$1,381
17 years$3,739$3,129$2,605$2,159$1,782$1,190
18 years$3,494$2,891$2,378$1,946$1,584$1,028
19 years$3,276$2,680$2,177$1,758$1,412$889
20 years$3,079$2,490$1,998$1,592$1,261$771
21 years$2,902$2,319$1,838$1,445$1,129$669
22 years$2,741$2,165$1,694$1,314$1,012$582
23 years$2,594$2,025$1,564$1,197$908$506
24 years$2,459$1,897$1,446$1,091$816$441
25 years$2,336$1,780$1,340$997$735$384
26 years$2,222$1,673$1,242$911$662$335
27 years$2,117$1,575$1,154$834$597$293
28 years$2,019$1,484$1,073$764$538$256
29 years$1,929$1,400$998$701$486$223
30 years$1,844$1,322$930$643$439$195
31 years$1,765$1,250$867$591$397$171
32 years$1,692$1,183$809$543$359$149
33 years$1,623$1,120$755$499$325$131
34 years$1,558$1,061$705$459$294$114
35 years$1,496$1,007$660$423$267$100
36 years$1,439$956$617$389$242$88
37 years$1,385$908$578$359$219$77
38 years$1,333$863$541$331$198$67
39 years$1,285$820$507$305$180$59
40 years$1,239$780$475$281$163$51
41 years$1,195$743$445$260$148$45
42 years$1,153$707$418$239$134$39
43 years$1,114$674$392$221$122$35
44 years$1,076$642$368$204$111$30
45 years$1,041$613$345$189$100$27
46 years$1,007$584$324$174$91$23
47 years$974$558$305$161$83$20
48 years$943$532$286$149$75$18
49 years$913$508$269$137$68$16
50 years$885$486$253$127$62$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $906,000, adding $3,914 every year, while hoping to spend $27,705 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: 51/20/29 Blend
67$906,000$906,000$906,000$906,000
68$1,002,449$954,431$940,388$1,045,196
69$1,075,221$971,721$942,413$1,092,727
70$1,154,487$988,928$943,578$1,141,302
71$1,240,881$1,006,022$943,823$1,193,585
72$1,335,098$1,022,964$943,089$1,249,942
73$1,437,907$1,039,718$941,311$1,310,778
74$1,550,151$1,056,242$938,423$1,376,537
75$1,672,760$1,072,491$934,353$1,447,713
76$1,806,756$1,088,418$929,029$1,524,847
77$1,953,266$1,103,971$922,372$1,608,539
78$2,113,530$1,119,097$914,303$1,699,450
79$2,288,913$1,133,736$904,735$1,798,311
80$2,480,920$1,147,826$893,581$1,905,926
81$2,691,205$1,161,301$880,747$2,023,184
82$2,921,592$1,174,089$866,136$2,151,067
83$3,174,088$1,186,113$849,646$2,290,655
84$3,450,906$1,197,294$831,170$2,443,142
85$3,754,481$1,207,543$810,596$2,609,847
86$4,087,495$1,216,770$787,808$2,792,223
87$4,452,904$1,224,876$762,684$2,991,873
88$4,853,961$1,231,756$735,095$3,210,566
89$5,294,252$1,237,299$704,908$3,450,254
90$5,777,727$1,241,388$671,983$3,713,089
91$6,308,734$1,243,895$636,174$4,001,447
92$6,892,068$1,244,689$597,329$4,317,947
93$7,533,007$1,243,626$555,287$4,665,480
94$8,237,366$1,240,557$509,882$5,047,231
95$9,011,554$1,235,321$460,940$5,466,718
96$9,862,630$1,227,749$408,278$5,927,816
97$10,798,370$1,217,660$351,708$6,434,802
98$11,827,343$1,204,864$291,029$6,992,393
99$12,958,988$1,189,159$226,035$7,605,789
100$14,203,707$1,170,330$156,509$8,280,726