Can I retire at age 68 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$75,560$74,887$74,230$73,589$72,963$71,113
2 years$37,406$36,709$36,034$35,379$34,744$32,892
3 years$24,690$23,990$23,316$22,668$22,043$20,247
4 years$18,333$17,635$16,968$16,331$15,721$13,995
5 years$14,519$13,826$13,168$12,544$11,951$10,300
6 years$11,978$11,290$10,642$10,031$9,457$7,881
7 years$10,164$9,481$8,843$8,247$7,691$6,192
8 years$8,803$8,127$7,500$6,918$6,380$4,957
9 years$7,746$7,076$6,460$5,893$5,373$4,025
10 years$6,901$6,237$5,632$5,080$4,578$3,303
11 years$6,209$5,553$4,958$4,421$3,937$2,733
12 years$5,634$4,984$4,400$3,878$3,412$2,277
13 years$5,147$4,504$3,931$3,424$2,975$1,907
14 years$4,730$4,094$3,532$3,039$2,608$1,604
15 years$4,369$3,740$3,189$2,710$2,296$1,354
16 years$4,054$3,431$2,891$2,427$2,030$1,146
17 years$3,776$3,160$2,631$2,180$1,800$973
18 years$3,529$2,920$2,402$1,965$1,600$828
19 years$3,308$2,706$2,199$1,776$1,426$705
20 years$3,110$2,515$2,018$1,608$1,274$602
21 years$2,931$2,342$1,856$1,459$1,140$514
22 years$2,768$2,187$1,711$1,327$1,022$440
23 years$2,620$2,045$1,580$1,208$917$376
24 years$2,484$1,916$1,461$1,102$824$322
25 years$2,359$1,798$1,353$1,007$742$276
26 years$2,244$1,690$1,255$920$668$237
27 years$2,138$1,590$1,165$842$603$203
28 years$2,039$1,499$1,083$772$544$175
29 years$1,948$1,414$1,008$708$491$150
30 years$1,863$1,335$939$650$444$129
31 years$1,783$1,262$875$597$401$111
32 years$1,708$1,194$817$548$363$95
33 years$1,639$1,131$763$504$328$82
34 years$1,573$1,072$712$464$297$70
35 years$1,511$1,017$666$427$269$60
36 years$1,453$965$623$393$244$52
37 years$1,398$917$583$362$221$45
38 years$1,347$871$546$334$200$38
39 years$1,297$828$512$308$182$33
40 years$1,251$788$480$284$165$28
41 years$1,207$750$450$262$150$24
42 years$1,165$714$422$242$136$21
43 years$1,125$681$396$223$123$18
44 years$1,087$649$372$206$112$16
45 years$1,051$619$349$190$101$13
46 years$1,017$590$328$176$92$12
47 years$984$563$308$162$84$10
48 years$952$538$289$150$76$9
49 years$922$514$272$139$69$7
50 years$893$491$256$128$63$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $915,000, adding $2,115 every year, while hoping to spend $54,748 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: 52/40/8 Blend
67$915,000$915,000$915,000$915,000
68$1,010,512$962,017$947,834$1,060,928
69$1,055,332$950,904$921,335$1,084,310
70$1,102,890$937,412$892,113$1,103,624
71$1,153,406$921,366$860,020$1,123,327
72$1,207,122$902,582$824,899$1,143,470
73$1,264,303$880,863$786,588$1,164,108
74$1,325,239$856,002$744,916$1,185,307
75$1,390,248$827,781$699,706$1,207,141
76$1,459,678$795,967$650,771$1,229,699
77$1,533,910$760,314$597,916$1,253,078
78$1,613,362$720,563$540,939$1,277,394
79$1,698,492$676,438$479,628$1,302,776
80$1,789,803$627,648$413,761$1,329,371
81$1,887,847$573,887$343,106$1,357,349
82$1,993,230$514,830$267,422$1,386,900
83$2,106,615$450,132$186,457$1,418,240
84$2,228,733$379,432$99,947$1,451,613
85$2,360,386$302,346$7,616$1,487,296
86$2,502,453$218,468$0$1,525,599
87$2,655,902$127,372$0$1,574,634
88$2,821,796$28,606$0$1,628,232
89$3,001,303$0$0$1,686,211
90$3,195,708$0$0$1,783,566
91$3,406,424$0$0$1,902,811
92$3,635,001$0$0$2,032,245
93$3,883,150$0$0$2,172,845
94$4,152,746$0$0$2,325,686
95$4,445,858$0$0$2,491,949
96$4,764,757$0$0$2,672,936
97$5,111,944$0$0$2,870,079
98$5,490,172$0$0$3,084,951
99$5,902,468$0$0$3,319,288
100$6,352,166$0$0$3,574,996