Can I retire at age 68 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$75,230$74,559$73,906$73,268$72,644$71,178
2 years$37,242$36,549$35,877$35,225$34,593$33,121
3 years$24,582$23,885$23,214$22,569$21,947$20,517
4 years$18,252$17,558$16,894$16,260$15,653$14,275
5 years$14,456$13,766$13,111$12,489$11,899$10,578
6 years$11,926$11,241$10,595$9,987$9,415$8,152
7 years$10,119$9,440$8,805$8,211$7,657$6,452
8 years$8,765$8,092$7,467$6,888$6,352$5,204
9 years$7,712$7,045$6,431$5,867$5,350$4,258
10 years$6,870$6,210$5,607$5,058$4,558$3,523
11 years$6,182$5,529$4,936$4,402$3,920$2,939
12 years$5,609$4,962$4,381$3,861$3,397$2,469
13 years$5,125$4,484$3,914$3,409$2,962$2,086
14 years$4,710$4,076$3,517$3,026$2,597$1,771
15 years$4,350$3,724$3,175$2,698$2,286$1,508
16 years$4,036$3,416$2,879$2,416$2,021$1,289
17 years$3,759$3,146$2,620$2,171$1,792$1,104
18 years$3,513$2,907$2,391$1,956$1,593$948
19 years$3,294$2,694$2,189$1,768$1,420$816
20 years$3,096$2,504$2,009$1,601$1,268$703
21 years$2,918$2,332$1,848$1,453$1,135$607
22 years$2,756$2,177$1,703$1,321$1,017$524
23 years$2,608$2,036$1,573$1,203$913$453
24 years$2,473$1,908$1,454$1,097$821$392
25 years$2,349$1,790$1,347$1,002$739$340
26 years$2,234$1,683$1,249$916$665$295
27 years$2,128$1,584$1,160$839$600$255
28 years$2,030$1,492$1,078$768$541$222
29 years$1,939$1,408$1,004$705$489$192
30 years$1,854$1,329$935$647$442$167
31 years$1,775$1,257$872$594$399$145
32 years$1,701$1,189$813$546$361$126
33 years$1,631$1,126$759$502$327$110
34 years$1,566$1,067$709$462$296$95
35 years$1,505$1,012$663$425$268$83
36 years$1,447$961$620$392$243$72
37 years$1,392$913$581$361$220$63
38 years$1,341$867$544$333$200$54
39 years$1,292$825$509$307$181$47
40 years$1,245$785$478$283$164$41
41 years$1,202$747$448$261$149$36
42 years$1,160$711$420$241$135$31
43 years$1,120$678$394$222$123$27
44 years$1,082$646$370$205$111$24
45 years$1,046$616$347$190$101$21
46 years$1,012$588$326$175$92$18
47 years$979$561$307$162$83$16
48 years$948$535$288$149$76$14
49 years$918$511$271$138$69$12
50 years$889$488$255$128$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $911,000, adding $5,518 every year, while hoping to spend $51,965 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: 44/37/19 Blend
67$911,000$911,000$911,000$911,000
68$1,009,614$961,331$947,210$1,048,267
69$1,057,304$953,146$923,652$1,067,819
70$1,108,117$942,818$897,562$1,083,446
71$1,162,317$930,187$868,802$1,099,301
72$1,220,191$915,085$837,225$1,115,430
73$1,282,058$897,331$802,679$1,131,886
74$1,348,263$876,735$765,004$1,148,732
75$1,419,187$853,097$724,033$1,166,043
76$1,495,248$826,202$679,592$1,183,903
77$1,576,903$795,826$631,498$1,202,412
78$1,664,654$761,729$579,560$1,221,683
79$1,759,054$723,659$523,581$1,241,847
80$1,860,708$681,348$463,351$1,263,053
81$1,970,280$634,515$398,654$1,285,471
82$2,088,503$582,860$329,262$1,309,294
83$2,216,177$526,067$254,939$1,334,745
84$2,354,185$463,802$175,438$1,362,071
85$2,503,497$395,714$90,500$1,391,556
86$2,665,178$321,428$0$1,423,518
87$2,840,400$240,552$0$1,458,348
88$3,030,451$152,669$0$1,516,003
89$3,236,747$57,340$0$1,578,634
90$3,460,847$0$0$1,646,814
91$3,704,465$0$0$1,739,873
92$3,969,486$0$0$1,866,601
93$4,257,985$0$0$2,004,658
94$4,572,244$0$0$2,155,147
95$4,914,777$0$0$2,319,286
96$5,288,346$0$0$2,498,413
97$5,695,996$0$0$2,694,002
98$6,141,076$0$0$2,907,674
99$6,627,273$0$0$3,141,216
100$7,158,645$0$0$3,396,593