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%19.4%
1 years$74,817$74,150$73,500$72,865$72,246$69,517
2 years$37,038$36,348$35,680$35,031$34,403$31,685
3 years$24,447$23,754$23,087$22,445$21,826$19,205
4 years$18,152$17,462$16,801$16,170$15,567$13,062
5 years$14,377$13,690$13,039$12,420$11,834$9,453
6 years$11,860$11,179$10,537$9,933$9,364$7,107
7 years$10,064$9,388$8,756$8,166$7,615$5,483
8 years$8,717$8,047$7,426$6,850$6,317$4,308
9 years$7,670$7,007$6,396$5,835$5,320$3,430
10 years$6,833$6,176$5,576$5,030$4,533$2,758
11 years$6,148$5,498$4,909$4,377$3,899$2,236
12 years$5,578$4,935$4,357$3,840$3,378$1,824
13 years$5,096$4,460$3,893$3,390$2,946$1,494
14 years$4,684$4,054$3,497$3,009$2,583$1,229
15 years$4,326$3,703$3,158$2,684$2,274$1,015
16 years$4,014$3,398$2,863$2,403$2,010$840
17 years$3,739$3,129$2,605$2,159$1,782$696
18 years$3,494$2,891$2,378$1,946$1,584$578
19 years$3,276$2,680$2,177$1,758$1,412$481
20 years$3,079$2,490$1,998$1,592$1,261$400
21 years$2,902$2,319$1,838$1,445$1,129$334
22 years$2,741$2,165$1,694$1,314$1,012$278
23 years$2,594$2,025$1,564$1,197$908$232
24 years$2,459$1,897$1,446$1,091$816$194
25 years$2,336$1,780$1,340$997$735$162
26 years$2,222$1,673$1,242$911$662$136
27 years$2,117$1,575$1,154$834$597$113
28 years$2,019$1,484$1,073$764$538$95
29 years$1,929$1,400$998$701$486$79
30 years$1,844$1,322$930$643$439$66
31 years$1,765$1,250$867$591$397$56
32 years$1,692$1,183$809$543$359$46
33 years$1,623$1,120$755$499$325$39
34 years$1,558$1,061$705$459$294$33
35 years$1,496$1,007$660$423$267$27
36 years$1,439$956$617$389$242$23
37 years$1,385$908$578$359$219$19
38 years$1,333$863$541$331$198$16
39 years$1,285$820$507$305$180$13
40 years$1,239$780$475$281$163$11
41 years$1,195$743$445$260$148$9
42 years$1,153$707$418$239$134$8
43 years$1,114$674$392$221$122$7
44 years$1,076$642$368$204$111$6
45 years$1,041$613$345$189$100$5
46 years$1,007$584$324$174$91$4
47 years$974$558$305$161$83$3
48 years$943$532$286$149$75$3
49 years$913$508$269$137$68$2
50 years$885$486$253$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $906,000, adding $3,790 every year, while hoping to spend $29,015 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: 53/28/19 Blend
67$906,000$906,000$906,000$906,000
68$1,002,321$954,303$940,260$1,050,058
69$1,073,686$970,193$940,887$1,099,109
70$1,151,358$985,888$940,563$1,149,092
71$1,235,950$1,001,349$939,224$1,202,851
72$1,328,134$1,016,533$936,807$1,260,754
73$1,428,655$1,031,394$933,240$1,323,208
74$1,538,327$1,045,882$928,454$1,390,661
75$1,658,051$1,059,945$922,371$1,463,607
76$1,788,815$1,073,525$914,913$1,542,592
77$1,931,709$1,086,562$905,998$1,628,219
78$2,087,932$1,098,992$895,537$1,721,151
79$2,258,804$1,110,745$883,440$1,822,123
80$2,445,778$1,121,749$869,612$1,931,942
81$2,650,457$1,131,923$853,953$2,051,502
82$2,874,601$1,141,185$836,359$2,181,786
83$3,120,153$1,149,446$816,719$2,323,880
84$3,389,250$1,156,610$794,921$2,478,984
85$3,684,246$1,162,577$770,843$2,648,419
86$4,007,735$1,167,239$744,362$2,833,644
87$4,362,572$1,170,482$715,346$3,036,267
88$4,751,903$1,172,184$683,659$3,258,063
89$5,179,193$1,172,217$649,157$3,500,991
90$5,648,258$1,170,443$611,691$3,767,209
91$6,163,302$1,166,716$571,105$4,059,100
92$6,728,957$1,160,884$527,235$4,379,291
93$7,350,324$1,152,780$479,911$4,730,681
94$8,033,024$1,142,233$428,955$5,116,466
95$8,783,247$1,129,058$374,180$5,540,173
96$9,607,815$1,113,058$315,392$6,005,688
97$10,514,243$1,094,028$252,387$6,517,301
98$11,510,808$1,071,748$184,955$7,079,742
99$12,606,633$1,045,986$112,873$7,698,225
100$13,811,766$1,016,496$35,911$8,378,504