Can I retire at age 68 with 916,000?

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 $916,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$75,642$74,969$74,311$73,670$73,043$72,644
2 years$37,447$36,749$36,073$35,418$34,782$34,379
3 years$24,717$24,016$23,342$22,693$22,067$21,673
4 years$18,353$17,654$16,987$16,349$15,739$15,356
5 years$14,535$13,841$13,183$12,557$11,964$11,595
6 years$11,991$11,302$10,653$10,042$9,467$9,111
7 years$10,175$9,492$8,853$8,256$7,699$7,357
8 years$8,813$8,136$7,508$6,926$6,387$6,059
9 years$7,755$7,084$6,467$5,899$5,379$5,064
10 years$6,908$6,244$5,638$5,085$4,583$4,282
11 years$6,216$5,559$4,963$4,426$3,942$3,654
12 years$5,640$4,989$4,405$3,882$3,416$3,141
13 years$5,153$4,509$3,936$3,427$2,979$2,716
14 years$4,735$4,098$3,536$3,042$2,611$2,361
15 years$4,374$3,744$3,193$2,713$2,299$2,061
16 years$4,058$3,435$2,895$2,429$2,032$1,806
17 years$3,780$3,164$2,634$2,183$1,802$1,587
18 years$3,533$2,923$2,404$1,967$1,602$1,399
19 years$3,312$2,709$2,201$1,777$1,428$1,235
20 years$3,113$2,518$2,020$1,610$1,275$1,093
21 years$2,934$2,345$1,858$1,461$1,141$969
22 years$2,771$2,189$1,713$1,328$1,023$860
23 years$2,622$2,047$1,581$1,210$918$765
24 years$2,486$1,918$1,462$1,103$825$681
25 years$2,362$1,800$1,354$1,008$743$607
26 years$2,247$1,692$1,256$921$669$541
27 years$2,140$1,592$1,166$843$603$483
28 years$2,042$1,500$1,084$773$544$431
29 years$1,950$1,415$1,009$709$491$385
30 years$1,865$1,337$940$650$444$345
31 years$1,785$1,264$876$597$401$308
32 years$1,710$1,196$818$549$363$276
33 years$1,640$1,132$763$505$329$247
34 years$1,575$1,073$713$464$298$221
35 years$1,513$1,018$667$428$270$198
36 years$1,455$966$624$394$244$178
37 years$1,400$918$584$363$221$159
38 years$1,348$872$547$334$201$143
39 years$1,299$829$512$308$182$128
40 years$1,252$789$480$284$165$115
41 years$1,208$751$450$262$150$103
42 years$1,166$715$422$242$136$93
43 years$1,126$681$396$224$123$83
44 years$1,088$650$372$206$112$75
45 years$1,052$619$349$191$102$67
46 years$1,018$591$328$176$92$60
47 years$985$564$308$163$84$54
48 years$953$538$290$150$76$48
49 years$923$514$272$139$69$43
50 years$894$491$256$128$63$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $916,000, adding $6,773 every year, while hoping to spend $54,037 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: 47/47/6 Blend
67$916,000$916,000$916,000$916,000
68$1,016,418$967,870$953,672$1,062,260
69$1,062,598$957,801$928,125$1,084,336
70$1,111,677$945,427$899,912$1,102,038
71$1,163,894$930,579$868,884$1,119,975
72$1,219,510$913,076$834,891$1,138,184
73$1,278,811$892,728$797,771$1,156,709
74$1,342,111$869,333$757,357$1,175,603
75$1,409,752$842,676$713,474$1,194,928
76$1,482,111$812,531$665,940$1,214,755
77$1,559,601$778,660$614,564$1,235,169
78$1,642,673$740,807$559,145$1,256,266
79$1,731,825$698,706$499,475$1,278,158
80$1,827,600$652,072$435,337$1,300,975
81$1,930,597$600,605$366,502$1,324,864
82$2,041,472$543,989$292,734$1,349,995
83$2,160,946$481,888$213,785$1,376,560
84$2,289,811$413,948$129,394$1,404,779
85$2,428,935$339,796$39,293$1,434,901
86$2,579,276$259,035$0$1,467,209
87$2,741,883$171,249$0$1,505,664
88$2,917,911$75,996$0$1,549,908
89$3,108,629$0$0$1,597,851
90$3,315,432$0$0$1,664,035
91$3,539,856$0$0$1,778,598
92$3,783,588$0$0$1,903,110
93$4,048,484$0$0$2,038,528
94$4,336,588$0$0$2,185,911
95$4,650,145$0$0$2,346,419
96$4,991,629$0$0$2,521,332
97$5,363,760$0$0$2,712,056
98$5,769,533$0$0$2,920,142
99$6,212,242$0$0$3,147,292
100$6,695,516$0$0$3,395,386