Can I retire at age 68 with 913,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$75,395$74,723$74,068$73,428$72,804$71,276
2 years$37,324$36,629$35,955$35,302$34,669$33,136
3 years$24,636$23,937$23,265$22,618$21,995$20,506
4 years$18,293$17,597$16,931$16,295$15,687$14,253
5 years$14,488$13,796$13,139$12,516$11,925$10,550
6 years$11,952$11,265$10,619$10,009$9,436$8,122
7 years$10,141$9,461$8,824$8,229$7,674$6,421
8 years$8,784$8,110$7,484$6,903$6,366$5,173
9 years$7,729$7,061$6,446$5,880$5,361$4,228
10 years$6,886$6,224$5,619$5,069$4,568$3,493
11 years$6,196$5,541$4,947$4,411$3,929$2,911
12 years$5,621$4,973$4,391$3,869$3,405$2,443
13 years$5,136$4,494$3,923$3,416$2,969$2,061
14 years$4,720$4,085$3,525$3,032$2,602$1,747
15 years$4,360$3,732$3,182$2,704$2,291$1,486
16 years$4,045$3,424$2,885$2,421$2,025$1,268
17 years$3,767$3,153$2,625$2,176$1,796$1,085
18 years$3,521$2,914$2,397$1,961$1,597$930
19 years$3,301$2,700$2,194$1,772$1,423$799
20 years$3,103$2,509$2,014$1,605$1,271$688
21 years$2,924$2,337$1,852$1,456$1,138$592
22 years$2,762$2,182$1,707$1,324$1,020$511
23 years$2,614$2,041$1,576$1,206$915$441
24 years$2,478$1,912$1,458$1,100$823$381
25 years$2,354$1,794$1,350$1,004$740$330
26 years$2,239$1,686$1,252$918$667$285
27 years$2,133$1,587$1,163$841$601$247
28 years$2,035$1,495$1,081$770$542$214
29 years$1,944$1,411$1,006$706$490$185
30 years$1,858$1,332$937$648$443$161
31 years$1,779$1,259$873$595$400$139
32 years$1,705$1,192$815$547$362$121
33 years$1,635$1,129$761$503$328$105
34 years$1,570$1,070$711$463$297$91
35 years$1,508$1,015$665$426$269$79
36 years$1,450$963$622$392$243$69
37 years$1,395$915$582$362$221$60
38 years$1,344$869$545$333$200$52
39 years$1,295$826$511$307$181$45
40 years$1,248$786$479$283$164$39
41 years$1,204$749$449$262$149$34
42 years$1,162$713$421$241$135$29
43 years$1,123$679$395$223$123$26
44 years$1,085$647$371$206$112$22
45 years$1,049$617$348$190$101$19
46 years$1,014$589$327$175$92$17
47 years$981$562$307$162$83$15
48 years$950$537$289$150$76$13
49 years$920$512$271$138$69$11
50 years$891$489$255$128$63$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $913,000, adding $3,908 every year, while hoping to spend $31,252 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: 82/8/10 Blend
67$913,000$913,000$913,000$913,000
68$1,010,157$961,768$947,617$1,091,100
69$1,079,941$975,643$946,110$1,158,557
70$1,155,796$989,150$943,505$1,228,062
71$1,238,307$1,002,239$939,733$1,303,430
72$1,328,121$1,014,854$934,720$1,385,230
73$1,425,945$1,026,938$928,389$1,474,093
74$1,532,562$1,038,429$920,661$1,570,709
75$1,648,830$1,049,259$911,450$1,675,843
76$1,775,697$1,059,358$900,669$1,790,332
77$1,914,202$1,068,651$888,226$1,915,103
78$2,065,493$1,077,057$874,023$2,051,175
79$2,230,830$1,084,490$857,960$2,199,670
80$2,411,604$1,090,859$839,931$2,361,825
81$2,609,343$1,096,066$819,824$2,539,003
82$2,825,732$1,100,009$797,524$2,732,705
83$3,062,625$1,102,578$772,909$2,944,585
84$3,322,064$1,103,656$745,853$3,176,466
85$3,606,298$1,103,119$716,223$3,430,355
86$3,917,803$1,100,834$683,879$3,708,466
87$4,259,307$1,096,664$648,678$4,013,236
88$4,633,815$1,090,458$610,466$4,347,353
89$5,044,633$1,082,060$569,087$4,713,775
90$5,495,408$1,071,303$524,373$5,115,766
91$5,990,153$1,058,010$476,153$5,556,921
92$6,533,289$1,041,994$424,245$6,041,200
93$7,129,688$1,023,055$368,460$6,572,970
94$7,784,715$1,000,983$308,602$7,157,040
95$8,504,280$975,555$244,464$7,798,712
96$9,294,894$946,535$175,832$8,503,827
97$10,163,731$913,673$102,480$9,278,825
98$11,118,694$876,705$24,175$10,130,799
99$12,168,488$835,351$0$11,067,569
100$13,322,705$789,315$0$12,104,087