Can I retire at age 68 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$75,808$75,132$74,474$73,830$73,203$72,378
2 years$37,529$36,830$36,152$35,495$34,858$34,028
3 years$24,770$24,069$23,393$22,742$22,116$21,306
4 years$18,393$17,693$17,024$16,385$15,773$14,990
5 years$14,567$13,871$13,211$12,585$11,990$11,236
6 years$12,017$11,327$10,677$10,064$9,488$8,763
7 years$10,197$9,512$8,872$8,274$7,716$7,021
8 years$8,832$8,154$7,525$6,941$6,401$5,736
9 years$7,771$7,099$6,481$5,912$5,391$4,755
10 years$6,923$6,258$5,650$5,096$4,593$3,987
11 years$6,230$5,571$4,974$4,435$3,950$3,373
12 years$5,652$5,000$4,415$3,890$3,423$2,874
13 years$5,164$4,519$3,944$3,435$2,985$2,463
14 years$4,746$4,107$3,544$3,049$2,617$2,122
15 years$4,384$3,752$3,200$2,719$2,304$1,835
16 years$4,067$3,443$2,901$2,435$2,036$1,592
17 years$3,788$3,170$2,640$2,188$1,805$1,386
18 years$3,540$2,930$2,410$1,971$1,605$1,209
19 years$3,319$2,715$2,206$1,781$1,431$1,057
20 years$3,120$2,523$2,025$1,613$1,278$926
21 years$2,940$2,350$1,862$1,464$1,144$812
22 years$2,777$2,194$1,716$1,331$1,025$714
23 years$2,628$2,052$1,585$1,212$920$628
24 years$2,492$1,922$1,466$1,106$827$553
25 years$2,367$1,804$1,357$1,010$744$487
26 years$2,251$1,696$1,259$923$670$430
27 years$2,145$1,596$1,169$845$604$379
28 years$2,046$1,504$1,087$774$545$335
29 years$1,954$1,418$1,011$710$493$296
30 years$1,869$1,340$942$652$445$262
31 years$1,789$1,266$878$599$402$232
32 years$1,714$1,198$819$550$364$205
33 years$1,644$1,135$765$506$329$181
34 years$1,578$1,076$715$465$298$161
35 years$1,516$1,020$668$428$270$142
36 years$1,458$968$625$395$245$126
37 years$1,403$920$585$364$222$112
38 years$1,351$874$548$335$201$99
39 years$1,302$831$513$309$182$88
40 years$1,255$791$481$285$165$78
41 years$1,211$753$451$263$150$69
42 years$1,169$717$423$243$136$61
43 years$1,129$683$397$224$124$54
44 years$1,091$651$373$207$112$48
45 years$1,054$621$350$191$102$43
46 years$1,020$592$329$176$92$38
47 years$987$565$309$163$84$33
48 years$955$539$290$151$76$30
49 years$925$515$273$139$69$26
50 years$896$492$257$129$63$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $918,000, adding $6,810 every year, while hoping to spend $49,747 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: 69/7/24 Blend
67$918,000$918,000$918,000$918,000
68$1,018,661$970,007$955,778$1,082,293
69$1,069,633$964,606$934,866$1,120,375
70$1,124,138$957,274$911,586$1,155,644
71$1,182,483$947,863$885,806$1,193,063
72$1,245,005$936,217$857,389$1,232,845
73$1,312,074$922,170$826,191$1,275,222
74$1,384,096$905,548$792,059$1,320,455
75$1,461,518$886,163$754,837$1,368,828
76$1,544,829$863,821$714,360$1,420,660
77$1,634,565$838,313$670,455$1,476,300
78$1,731,318$809,417$622,943$1,536,137
79$1,835,736$776,902$571,634$1,600,601
80$1,948,531$740,520$516,334$1,670,165
81$2,070,485$700,010$456,835$1,745,356
82$2,202,460$655,095$392,925$1,826,755
83$2,345,401$605,485$324,378$1,915,003
84$2,500,348$550,870$250,961$2,010,812
85$2,668,445$490,924$172,429$2,114,966
86$2,850,949$425,302$88,528$2,228,333
87$3,049,244$353,640$0$2,351,873
88$3,264,851$275,552$0$2,486,904
89$3,499,444$190,633$0$2,658,549
90$3,754,866$98,452$0$2,845,482
91$4,033,142$0$0$3,049,211
92$4,336,504$0$0$3,271,508
93$4,667,407$0$0$3,522,304
94$5,028,551$0$0$3,796,070
95$5,422,913$0$0$4,095,067
96$5,853,764$0$0$4,421,783
97$6,324,711$0$0$4,778,959
98$6,839,721$0$0$5,169,610
99$7,403,163$0$0$5,597,058
100$8,019,849$0$0$6,064,960