Can I retire at age 68 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$75,890$75,214$74,555$73,911$73,282$72,039
2 years$37,569$36,870$36,192$35,534$34,896$33,647
3 years$24,797$24,095$23,418$22,767$22,140$20,924
4 years$18,413$17,712$17,043$16,402$15,790$14,617
5 years$14,583$13,887$13,226$12,599$12,003$10,877
6 years$12,031$11,339$10,688$10,075$9,498$8,419
7 years$10,208$9,523$8,882$8,283$7,724$6,693
8 years$8,842$8,163$7,533$6,949$6,408$5,424
9 years$7,780$7,107$6,488$5,919$5,397$4,459
10 years$6,931$6,265$5,656$5,102$4,598$3,707
11 years$6,236$5,577$4,980$4,440$3,955$3,109
12 years$5,658$5,006$4,419$3,895$3,427$2,625
13 years$5,170$4,524$3,948$3,438$2,988$2,230
14 years$4,751$4,112$3,548$3,052$2,620$1,903
15 years$4,388$3,756$3,203$2,722$2,306$1,630
16 years$4,072$3,446$2,904$2,437$2,038$1,401
17 years$3,792$3,174$2,643$2,190$1,807$1,207
18 years$3,544$2,933$2,412$1,974$1,607$1,042
19 years$3,323$2,718$2,208$1,783$1,432$902
20 years$3,123$2,526$2,027$1,615$1,279$782
21 years$2,943$2,353$1,864$1,466$1,145$679
22 years$2,780$2,196$1,718$1,333$1,026$590
23 years$2,631$2,054$1,586$1,214$921$514
24 years$2,495$1,924$1,467$1,107$828$447
25 years$2,369$1,806$1,359$1,011$745$390
26 years$2,254$1,697$1,260$924$671$340
27 years$2,147$1,597$1,170$846$605$297
28 years$2,048$1,505$1,088$775$546$259
29 years$1,956$1,420$1,012$711$493$227
30 years$1,871$1,341$943$652$446$198
31 years$1,791$1,268$879$599$403$173
32 years$1,716$1,200$820$551$364$151
33 years$1,646$1,136$766$506$330$132
34 years$1,580$1,077$716$466$299$116
35 years$1,518$1,021$669$429$270$101
36 years$1,460$969$626$395$245$89
37 years$1,404$921$586$364$222$78
38 years$1,352$875$549$335$201$68
39 years$1,303$832$514$309$183$60
40 years$1,256$792$482$285$166$52
41 years$1,212$753$452$263$150$46
42 years$1,170$718$424$243$136$40
43 years$1,130$684$398$224$124$35
44 years$1,092$652$373$207$112$31
45 years$1,056$621$350$191$102$27
46 years$1,021$593$329$177$93$24
47 years$988$566$309$163$84$21
48 years$956$540$291$151$76$18
49 years$926$516$273$139$69$16
50 years$897$493$257$129$63$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $919,000, adding $5,312 every year, while hoping to spend $35,161 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: 52/35/13 Blend
67$919,000$919,000$919,000$919,000
68$1,018,217$969,510$955,266$1,067,371
69$1,084,664$979,605$949,856$1,111,625
70$1,156,711$989,016$943,087$1,155,544
71$1,234,890$997,673$934,875$1,202,510
72$1,319,790$1,005,500$925,135$1,252,819
73$1,412,056$1,012,418$913,774$1,306,801
74$1,512,400$1,018,340$900,700$1,364,819
75$1,621,602$1,023,176$885,810$1,427,274
76$1,740,524$1,026,830$869,003$1,494,610
77$1,870,111$1,029,198$850,169$1,567,317
78$2,011,406$1,030,172$829,193$1,645,937
79$2,165,555$1,029,636$805,957$1,731,068
80$2,333,820$1,027,467$780,335$1,823,371
81$2,517,591$1,023,534$752,197$1,923,579
82$2,718,397$1,017,699$721,407$2,032,497
83$2,937,921$1,009,814$687,822$2,151,017
84$3,178,017$999,723$651,293$2,280,125
85$3,440,727$987,262$611,663$2,420,908
86$3,728,298$972,254$568,770$2,574,569
87$4,043,204$954,515$522,444$2,742,434
88$4,388,171$933,846$472,506$2,925,970
89$4,766,201$910,041$418,771$3,126,795
90$5,180,598$882,877$361,045$3,346,695
91$5,635,003$852,123$299,124$3,587,646
92$6,133,427$817,530$232,798$3,851,824
93$6,680,284$778,837$161,845$4,141,635
94$7,280,441$735,767$86,034$4,459,735
95$7,939,254$688,028$5,124$4,809,055
96$8,662,627$635,311$0$5,192,828
97$9,457,062$577,288$0$5,625,894
98$10,329,720$513,613$0$6,102,416
99$11,288,493$443,921$0$6,626,070
100$12,342,073$367,827$0$7,201,697