Can I retire at age 68 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$74,982$74,314$73,662$73,026$72,405$70,228
2 years$37,120$36,428$35,758$35,109$34,479$32,304
3 years$24,501$23,806$23,138$22,495$21,875$19,770
4 years$18,192$17,500$16,839$16,206$15,601$13,583
5 years$14,408$13,720$13,067$12,448$11,860$9,933
6 years$11,887$11,204$10,560$9,955$9,384$7,551
7 years$10,086$9,409$8,776$8,184$7,632$5,892
8 years$8,736$8,065$7,443$6,866$6,331$4,684
9 years$7,687$7,022$6,410$5,848$5,332$3,776
10 years$6,848$6,190$5,589$5,041$4,543$3,075
11 years$6,162$5,510$4,920$4,387$3,907$2,525
12 years$5,591$4,946$4,366$3,848$3,386$2,087
13 years$5,108$4,470$3,901$3,397$2,953$1,734
14 years$4,694$4,063$3,505$3,016$2,588$1,446
15 years$4,336$3,711$3,165$2,690$2,279$1,211
16 years$4,023$3,405$2,869$2,408$2,014$1,016
17 years$3,747$3,136$2,611$2,164$1,786$855
18 years$3,502$2,898$2,383$1,950$1,588$721
19 years$3,283$2,686$2,182$1,762$1,415$609
20 years$3,086$2,496$2,002$1,596$1,264$515
21 years$2,908$2,325$1,842$1,448$1,131$436
22 years$2,747$2,170$1,698$1,317$1,014$369
23 years$2,599$2,029$1,567$1,199$910$313
24 years$2,465$1,901$1,450$1,094$818$266
25 years$2,341$1,784$1,343$999$736$226
26 years$2,227$1,677$1,245$913$663$192
27 years$2,121$1,578$1,156$836$598$163
28 years$2,024$1,487$1,075$766$539$138
29 years$1,933$1,403$1,000$702$487$118
30 years$1,848$1,325$932$645$440$100
31 years$1,769$1,253$869$592$398$85
32 years$1,695$1,185$810$544$360$72
33 years$1,626$1,122$757$500$326$62
34 years$1,561$1,064$707$460$295$53
35 years$1,500$1,009$661$424$267$45
36 years$1,442$958$618$390$242$38
37 years$1,388$910$579$360$219$32
38 years$1,336$864$542$331$199$28
39 years$1,288$822$508$306$180$23
40 years$1,241$782$476$282$164$20
41 years$1,198$744$446$260$148$17
42 years$1,156$709$419$240$135$15
43 years$1,116$676$393$222$122$12
44 years$1,079$644$369$205$111$11
45 years$1,043$614$346$189$101$9
46 years$1,009$586$325$175$91$8
47 years$976$559$306$161$83$6
48 years$945$534$287$149$75$6
49 years$915$510$270$138$68$5
50 years$887$487$254$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $908,000, adding $6,727 every year, while hoping to spend $27,537 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: 62/14/24 Blend
67$908,000$908,000$908,000$908,000
68$1,007,555$959,431$945,357$1,063,248
69$1,081,026$977,144$947,727$1,119,467
70$1,161,069$994,802$949,254$1,177,200
71$1,248,324$1,012,373$949,880$1,239,626
72$1,343,497$1,029,823$949,545$1,307,208
73$1,447,365$1,047,116$948,186$1,380,457
74$1,560,782$1,064,211$945,736$1,459,932
75$1,684,690$1,081,065$942,127$1,546,256
76$1,820,125$1,097,634$937,285$1,640,110
77$1,968,228$1,113,868$931,134$1,742,248
78$2,130,255$1,129,715$923,594$1,853,500
79$2,307,588$1,145,118$914,582$1,974,783
80$2,501,751$1,160,018$904,009$2,107,107
81$2,714,420$1,174,349$891,784$2,251,585
82$2,947,442$1,188,044$877,810$2,409,445
83$3,202,851$1,201,028$861,987$2,582,041
84$3,482,888$1,213,224$844,209$2,770,865
85$3,790,018$1,224,548$824,366$2,977,565
86$4,126,960$1,234,911$802,342$3,203,955
87$4,496,706$1,244,218$778,017$3,452,036
88$4,902,554$1,252,368$751,264$3,724,014
89$5,348,134$1,259,254$721,951$4,022,323
90$5,837,447$1,264,761$689,939$4,349,644
91$6,374,900$1,268,767$655,086$4,708,935
92$6,965,347$1,271,144$617,239$5,103,456
93$7,614,136$1,271,754$576,240$5,536,802
94$8,327,159$1,270,451$531,925$6,012,937
95$9,110,907$1,267,081$484,122$6,536,229
96$9,972,529$1,261,478$432,650$7,111,495
97$10,919,905$1,253,468$377,321$7,744,047
98$11,961,714$1,242,866$317,940$8,439,738
99$13,107,518$1,229,476$254,301$9,205,024
100$14,367,855$1,213,090$186,189$10,047,018